MAPASA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAPASA
Largest movements
- Cash +€2,347
new in 2025: €2,347
mainly Contributions, distributions and other (+€10,000) and Trade debts (+€1,196)
- Receivables within one year +€1,437
new in 2025: €1,437
- Formation expenses -€333
down €333 (-100.0%), from €333 to €0
- Contributions +€10,000
new in 2025: €10,000
- Profit (loss) carried forward -€6,246
down €6,246 (-535.4%), from -€1,167 to -€7,413
- Other debts -€1,500
down €1,500 (-100.0%), from €1,500 to €0
- Trade debts +€1,196
new in 2025: €1,196
- Gross operating margin -€5,954
new in 2025: -€5,954
- Depreciation -€167
down €167 (-33.3%), from €500 to €333
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333 | €3,784 | +€3,450 | +1035.1% |
| Formation expenses | 20 | €333 | €0 | -€333 | -100.0% |
| Current assets | 29/58 | - | €3,784 | +€3,784 | |
| Amounts receivable within one year | 40/41 | - | €1,437 | +€1,437 | |
| Other amounts receivable | 41 | - | €1,437 | +€1,437 | |
| Cash at bank and in hand | 54/58 | - | €2,347 | +€2,347 | |
| Total equity and liabilities | 10/49 | €333 | €3,784 | +€3,450 | +1035.1% |
| Equity | 10/15 | -€1,167 | €2,587 | +€3,754 | |
| Contributions | 10/11 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€1,167 | -€7,413 | -€6,246 | -535.4% |
| Amounts payable | 17/49 | €1,500 | €1,196 | -€304 | -20.2% |
| Amounts payable within one year | 42/48 | €1,500 | €1,196 | -€304 | -20.2% |
| Trade debts | 44 | - | €1,196 | +€1,196 | |
| Suppliers | 440/4 | - | €1,196 | +€1,196 | |
| Other amounts payable | 47/48 | €1,500 | €0 | -€1,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €333 | -€167 | -33.3% |
| Gross operating margin | 9900 | - | -€5,954 | -€5,954 | |
| Operating profit (loss) | 9901 | -€500 | -€6,288 | -€5,788 | -1157.5% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Profit (loss) for the period before taxes | 9903 | -€500 | -€6,246 | -€5,746 | -1149.2% |
| Profit (loss) for the period | 9904 | -€500 | -€6,246 | -€5,746 | -1149.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€500 | -€6,246 | -€5,746 | -1149.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.