MAPI-médical: 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-médical
Largest movements
- Current investments +€180,000
new in 2025: €180,000
- Cash -€75,063
down €75,063 (-60.9%), from €123,286 to €48,223
mainly Current investments (-€180,000) and Receivables within one year (-€10,595)
- Receivables within one year +€10,595
up €10,595 (+32.6%), from €32,515 to €43,111
of which Other amounts receivable: +€6,968
- Tangible fixed assets -€6,135
down €6,135 (-62.1%), from €9,886 to €3,750
- Deferred charges and accrued income -€3,392
down €3,392 (-45.8%), from €7,411 to €4,019
- Profit (loss) carried forward +€101,983
up €101,983 (+60.9%), from €167,522 to €269,505
- Tax, wage and social debts +€3,066
up €3,066 (+363%), from €845 to €3,912
- Gross operating margin +€12,274
up €12,274 (+10.0%), from €122,346 to €134,620
- Taxes +€3,267
up €3,267 (+12.8%), from €25,536 to €28,803
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.
Derived cash bridge
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 | €173,099 | €279,103 | +€106,005 | +61.2% |
| Fixed assets | 21/28 | €9,886 | €3,750 | -€6,135 | -62.1% |
| Tangible fixed assets | 22/27 | €9,886 | €3,750 | -€6,135 | -62.1% |
| Furniture and vehicles | 24 | €9,886 | €3,750 | -€6,135 | -62.1% |
| Current assets | 29/58 | €163,213 | €275,353 | +€112,140 | +68.7% |
| Amounts receivable within one year | 40/41 | €32,515 | €43,111 | +€10,595 | +32.6% |
| Trade receivables | 40 | - | €3,627 | +€3,627 | |
| Other amounts receivable | 41 | €32,515 | €39,484 | +€6,968 | +21.4% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €123,286 | €48,223 | -€75,063 | -60.9% |
| Deferred charges and accrued income | 490/1 | €7,411 | €4,019 | -€3,392 | -45.8% |
| Total equity and liabilities | 10/49 | €173,099 | €279,103 | +€106,005 | +61.2% |
| Equity | 10/15 | €170,522 | €272,505 | +€101,983 | +59.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,522 | €269,505 | +€101,983 | +60.9% |
| Amounts payable | 17/49 | €2,577 | €6,599 | +€4,021 | +156% |
| Amounts payable within one year | 42/48 | €1,870 | €5,904 | +€4,034 | +216% |
| Trade debts | 44 | €166 | €1,993 | +€1,827 | +1,102% |
| Suppliers | 440/4 | €166 | €1,993 | +€1,827 | +1,102% |
| Taxes, remuneration and social security | 45 | €845 | €3,912 | +€3,066 | +363% |
| Taxes | 450/3 | €845 | €3,912 | +€3,066 | +363% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €707 | €694 | -€13 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,122 | €6,135 | +€13 | +0.2% |
| Other operating charges | 640/8 | €173 | €180 | +€7 | +4.1% |
| Gross operating margin | 9900 | €122,346 | €134,620 | +€12,274 | +10.0% |
| Operating profit (loss) | 9901 | €116,051 | €128,305 | +€12,253 | +10.6% |
| Financial income | 75/76B | €1,724 | €2,813 | +€1,088 | +63.1% |
| Recurring financial income | 75 | €1,724 | €2,813 | +€1,088 | +63.1% |
| Financial charges | 65/66B | €189 | €331 | +€142 | +75.0% |
| Recurring financial charges | 65 | €189 | €331 | +€142 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €117,587 | €130,786 | +€13,200 | +11.2% |
| Income taxes | 67/77 | €25,536 | €28,803 | +€3,267 | +12.8% |
| Profit (loss) for the period | 9904 | €92,050 | €101,983 | +€9,933 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,050 | €101,983 | +€9,933 | +10.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.