MAPI ICT services and consultancy: what changed
MAPI ICT services and consultancy
Largest movements
- Tangible fixed assets +€55,642
up €55,642 (+170%), from €32,814 to €88,456
of which Other tangible fixed assets: +€56,566
- Cash +€40,796
up €40,796 (+144%), from €28,271 to €69,067
mainly Net result for the year (+€47,690) and Debts after one year (+€31,860)
- Receivables within one year +€11,234
up €11,234 (+24.6%), from €45,723 to €56,957
of which Other amounts receivable: +€35,133
- Profit (loss) carried forward +€47,690
up €47,690 (+70.2%), from €67,952 to €115,642
- Debts after one year +€31,860
new in 2025: €31,860
- Tax, wage and social debts +€15,542
up €15,542 (+46.7%), from €33,290 to €48,831
- Current portion of long-term debt +€12,963
new in 2025: €12,963
- Gross operating margin -€13,712
down €13,712 (-14.7%), from €93,349 to €79,637
- Depreciation +€7,091
up €7,091 (+182%), from €3,906 to €10,997
- Taxes -€3,743
down €3,743 (-20.3%), from €18,443 to €14,699
- Financial charges +€3,300
up €3,300 (+117%), from €2,830 to €6,129
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,356 | €217,450 | +€106,094 | +95.3% |
| Fixed assets | 21/28 | €32,814 | €88,456 | +€55,642 | +170% |
| Tangible fixed assets | 22/27 | €32,814 | €88,456 | +€55,642 | +170% |
| Plant, machinery and equipment | 23 | €6,770 | €6,473 | -€297 | -4.4% |
| Furniture and vehicles | 24 | €2,321 | €1,693 | -€627 | -27.0% |
| Other tangible fixed assets | 26 | €23,724 | €80,289 | +€56,566 | +238% |
| Current assets | 29/58 | €78,542 | €128,994 | +€50,453 | +64.2% |
| Amounts receivable within one year | 40/41 | €45,723 | €56,957 | +€11,234 | +24.6% |
| Trade receivables | 40 | €23,899 | - | -€23,899 | |
| Other amounts receivable | 41 | €21,824 | €56,957 | +€35,133 | +161% |
| Cash at bank and in hand | 54/58 | €28,271 | €69,067 | +€40,796 | +144% |
| Deferred charges and accrued income | 490/1 | €4,548 | €2,970 | -€1,578 | -34.7% |
| Total equity and liabilities | 10/49 | €111,356 | €217,450 | +€106,094 | +95.3% |
| Equity | 10/15 | €69,452 | €117,142 | +€47,690 | +68.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,952 | €115,642 | +€47,690 | +70.2% |
| Amounts payable | 17/49 | €41,904 | €100,308 | +€58,404 | +139% |
| Amounts payable after more than one year | 17 | - | €31,860 | +€31,860 | |
| Financial debts | 170/4 | - | €31,860 | +€31,860 | |
| Amounts payable within one year | 42/48 | €39,678 | €66,166 | +€26,488 | +66.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,963 | +€12,963 | |
| Trade debts | 44 | €6,033 | €4,352 | -€1,681 | -27.9% |
| Suppliers | 440/4 | €6,033 | €4,352 | -€1,681 | -27.9% |
| Taxes, remuneration and social security | 45 | €33,290 | €48,831 | +€15,542 | +46.7% |
| Taxes | 450/3 | €33,290 | €48,831 | +€15,542 | +46.7% |
| Other amounts payable | 47/48 | €355 | €20 | -€336 | -94.5% |
| Accrued charges and deferred income | 492/3 | €2,226 | €2,282 | +€56 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,906 | €10,997 | +€7,091 | +182% |
| Other operating charges | 640/8 | €220 | €172 | -€47 | -21.6% |
| Gross operating margin | 9900 | €93,349 | €79,637 | -€13,712 | -14.7% |
| Operating profit (loss) | 9901 | €89,223 | €68,467 | -€20,756 | -23.3% |
| Financial income | 75/76B | €1 | €51 | +€50 | +4,258% |
| Recurring financial income | 75 | €1 | €51 | +€50 | +4,258% |
| Financial charges | 65/66B | €2,830 | €6,129 | +€3,300 | +117% |
| Recurring financial charges | 65 | €2,830 | €6,129 | +€3,300 | +117% |
| Profit (loss) for the period before taxes | 9903 | €86,394 | €62,389 | -€24,005 | -27.8% |
| Income taxes | 67/77 | €18,443 | €14,699 | -€3,743 | -20.3% |
| Profit (loss) for the period | 9904 | €67,952 | €47,690 | -€20,262 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,952 | €47,690 | -€20,262 | -29.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.