MAPI: what changed
Two financial 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.
MAPI
Largest movements
- Receivables within one year -€97,902
down €97,902 (-91.3%), from €107,197 to €9,295
of which Trade receivables: -€97,902
- Cash +€62,477
up €62,477 (+209%), from €29,902 to €92,379
mainly Receivables within one year (+€97,902) and Net result for the year (+€24,073)
- Tangible fixed assets -€1,676
down €1,676 (-7.1%), from €23,521 to €21,845
of which Other tangible fixed assets: -€1,676
- Other debts -€41,404
down €41,404 (-75.6%), from €54,748 to €13,344
- Profit (loss) carried forward +€24,073
up €24,073 (+34.8%), from €69,145 to €93,218
- Tax, wage and social debts -€8,404
down €8,404 (-45.5%), from €18,478 to €10,074
of which Taxes: -€8,404
- Current portion of long-term debt -€6,580
down €6,580 (-100%), from €6,580 to €0
- Trade debts -€4,679
down €4,679 (-84.7%), from €5,522 to €843
- Gross operating margin -€32,432
down €32,432 (-47.5%), from €68,310 to €35,878
- Taxes -€7,804
down €7,804 (-45.4%), from €17,180 to €9,376
- Depreciation -€6,942
down €6,942 (-80.5%), from €8,619 to €1,676
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,532 | €125,539 | -€36,993 | -22.8% |
| Fixed assets | 21/28 | €23,521 | €21,845 | -€1,676 | -7.1% |
| Tangible fixed assets | 22/27 | €23,521 | €21,845 | -€1,676 | -7.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €23,521 | €21,845 | -€1,676 | -7.1% |
| Current assets | 29/58 | €139,011 | €103,694 | -€35,317 | -25.4% |
| Amounts receivable within one year | 40/41 | €107,197 | €9,295 | -€97,902 | -91.3% |
| Trade receivables | 40 | €107,197 | €9,295 | -€97,902 | -91.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,902 | €92,379 | +€62,477 | +209% |
| Deferred charges and accrued income | 490/1 | €1,913 | €2,021 | +€108 | +5.7% |
| Total equity and liabilities | 10/49 | €162,532 | €125,539 | -€36,993 | -22.8% |
| Equity | 10/15 | €77,205 | €101,278 | +€24,073 | +31.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,145 | €93,218 | +€24,073 | +34.8% |
| Amounts payable | 17/49 | €85,328 | €24,261 | -€61,067 | -71.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €85,328 | €24,261 | -€61,067 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €6,580 | €0 | -€6,580 | -100% |
| Trade debts | 44 | €5,522 | €843 | -€4,679 | -84.7% |
| Suppliers | 440/4 | €5,522 | €843 | -€4,679 | -84.7% |
| Taxes, remuneration and social security | 45 | €18,478 | €10,074 | -€8,404 | -45.5% |
| Taxes | 450/3 | €18,478 | €10,074 | -€8,404 | -45.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €54,748 | €13,344 | -€41,404 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,619 | €1,676 | -€6,942 | -80.5% |
| Other operating charges | 640/8 | €702 | €673 | -€29 | -4.1% |
| Gross operating margin | 9900 | €68,310 | €35,878 | -€32,432 | -47.5% |
| Operating profit (loss) | 9901 | €58,990 | €33,528 | -€25,461 | -43.2% |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €167 | €79 | -€88 | -52.7% |
| Recurring financial charges | 65 | €167 | €79 | -€88 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €58,870 | €33,449 | -€25,421 | -43.2% |
| Income taxes | 67/77 | €17,180 | €9,376 | -€7,804 | -45.4% |
| Profit (loss) for the period | 9904 | €41,691 | €24,073 | -€17,617 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,691 | €24,073 | -€17,617 | -42.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.