MAPAZOZODO: 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.
MAPAZOZODO
Largest movements
- Receivables within one year +€64,927
up €64,927 (+106.8%), from €60,783 to €125,710
of which Other amounts receivable: +€97,887
- Cash -€14,240
down €14,240 (-16.3%), from €87,592 to €73,352
mainly Receivables within one year (-€64,927) and Investment in fixed assets (net) (-€3,859)
- Tangible fixed assets +€2,978
up €2,978 (+332.2%), from €897 to €3,875
- Reserves +€57,774
up €57,774 (+58.1%), from €99,464 to €157,239
of which Distributable reserves: +€57,774
- Trade debts -€2,163
down €2,163 (-100.0%), from €2,163 to €0
- Gross operating margin +€16,993
up €16,993 (+26.1%), from €65,145 to €82,137
- Taxes +€6,296
up €6,296 (+29.3%), from €21,514 to €27,810
- Financial income +€5,185
up €5,185 (+2465.0%), from €210 to €5,396
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 | €149,755 | €203,453 | +€53,698 | +35.9% |
| Fixed assets | 21/28 | €919 | €3,897 | +€2,978 | +324.2% |
| Tangible fixed assets | 22/27 | €897 | €3,875 | +€2,978 | +332.2% |
| Plant, machinery and equipment | 23 | €897 | €3,875 | +€2,978 | +332.2% |
| Financial fixed assets | 28 | €22 | €22 | = | 0.0% |
| Current assets | 29/58 | €148,836 | €199,556 | +€50,720 | +34.1% |
| Amounts receivable within one year | 40/41 | €60,783 | €125,710 | +€64,927 | +106.8% |
| Trade receivables | 40 | €34,310 | €1,350 | -€32,960 | -96.1% |
| Other amounts receivable | 41 | €26,473 | €124,360 | +€97,887 | +369.8% |
| Cash at bank and in hand | 54/58 | €87,592 | €73,352 | -€14,240 | -16.3% |
| Deferred charges and accrued income | 490/1 | €462 | €494 | +€33 | +7.1% |
| Total equity and liabilities | 10/49 | €149,755 | €203,453 | +€53,698 | +35.9% |
| Equity | 10/15 | €131,738 | €189,512 | +€57,774 | +43.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €99,464 | €157,239 | +€57,774 | +58.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €99,464 | €157,239 | +€57,774 | +58.1% |
| Profit (loss) carried forward | 14 | €12,273 | €12,273 | = | 0.0% |
| Amounts payable | 17/49 | €18,017 | €13,941 | -€4,076 | -22.6% |
| Amounts payable within one year | 42/48 | €18,017 | €13,941 | -€4,076 | -22.6% |
| Trade debts | 44 | €2,163 | €0 | -€2,163 | -100.0% |
| Suppliers | 440/4 | €2,163 | €0 | -€2,163 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,854 | €13,941 | -€1,913 | -12.1% |
| Taxes | 450/3 | €15,854 | €13,941 | -€1,913 | -12.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €881 | +€708 | +410.0% |
| Other operating charges | 640/8 | €891 | €905 | +€14 | +1.6% |
| Gross operating margin | 9900 | €65,145 | €82,137 | +€16,993 | +26.1% |
| Operating profit (loss) | 9901 | €64,081 | €80,351 | +€16,270 | +25.4% |
| Financial income | 75/76B | €210 | €5,396 | +€5,185 | +2465.0% |
| Recurring financial income | 75 | €210 | €5,396 | +€5,185 | +2465.0% |
| Financial charges | 65/66B | €136 | €162 | +€26 | +19.4% |
| Recurring financial charges | 65 | €136 | €162 | +€26 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €64,155 | €85,585 | +€21,429 | +33.4% |
| Income taxes | 67/77 | €21,514 | €27,810 | +€6,296 | +29.3% |
| Profit (loss) for the period | 9904 | €42,641 | €57,774 | +€15,133 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,641 | €57,774 | +€15,133 | +35.5% |
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 7 October 2026 via checked.be.