MAPIDI: 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.
MAPIDI
Largest movements
- Tangible fixed assets -€13,705
down €13,705 (-16.5%), from €82,978 to €69,273
of which Land and buildings: -€12,070
- Cash +€2,287
up €2,287 (+657.5%), from €348 to €2,635
mainly Depreciation (+€16,315) and Net result for the year (+€14,259)
- Stocks and contracts +€1,855
up €1,855 (+53.0%), from €3,501 to €5,356
- Other debts -€27,829
down €27,829 (-70.8%), from €39,295 to €11,465
- Profit (loss) carried forward +€14,259
up €14,259 (+77.0%), from €18,526 to €32,784
- Tax, wage and social debts +€5,260
up €5,260 (+309.1%), from €1,702 to €6,961
- Trade debts -€3,848
down €3,848 (-68.8%), from €5,591 to €1,743
- Current portion of long-term debt +€2,278
up €2,278 (+86.1%), from €2,646 to €4,924
- Taxes +€5,564
new in 2025: €5,564
- Depreciation -€4,279
down €4,279 (-20.8%), from €20,594 to €16,315
- Financial income +€3,960
new in 2025: €3,960
of which Financial income: +€3,960
- Staff costs -€1,870
down €1,870 (-60.9%), from €3,069 to €1,199
- Gross operating margin -€1,471
down €1,471 (-3.7%), from €39,371 to €37,900
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 | €89,122 | €79,053 | -€10,069 | -11.3% |
| Fixed assets | 21/28 | €83,978 | €70,273 | -€13,705 | -16.3% |
| Tangible fixed assets | 22/27 | €82,978 | €69,273 | -€13,705 | -16.5% |
| Land and buildings | 22 | €72,714 | €60,644 | -€12,070 | -16.6% |
| Plant, machinery and equipment | 23 | €10,264 | €8,629 | -€1,635 | -15.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €5,144 | €8,780 | +€3,636 | +70.7% |
| Stocks and contracts in progress | 3 | €3,501 | €5,356 | +€1,855 | +53.0% |
| Stocks | 30/36 | €3,501 | €5,356 | +€1,855 | +53.0% |
| Amounts receivable within one year | 40/41 | €1,296 | €789 | -€506 | -39.1% |
| Trade receivables | 40 | €1,114 | €789 | -€325 | -29.2% |
| Other amounts receivable | 41 | €182 | - | -€182 | |
| Cash at bank and in hand | 54/58 | €348 | €2,635 | +€2,287 | +657.5% |
| Total equity and liabilities | 10/49 | €89,122 | €79,053 | -€10,069 | -11.3% |
| Equity | 10/15 | €38,986 | €53,244 | +€14,259 | +36.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,526 | €32,784 | +€14,259 | +77.0% |
| Amounts payable | 17/49 | €50,137 | €25,808 | -€24,328 | -48.5% |
| Amounts payable within one year | 42/48 | €49,233 | €25,093 | -€24,140 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €2,646 | €4,924 | +€2,278 | +86.1% |
| Trade debts | 44 | €5,591 | €1,743 | -€3,848 | -68.8% |
| Suppliers | 440/4 | €5,591 | €1,743 | -€3,848 | -68.8% |
| Taxes, remuneration and social security | 45 | €1,702 | €6,961 | +€5,260 | +309.1% |
| Taxes | 450/3 | €1,702 | €6,961 | +€5,260 | +309.1% |
| Other amounts payable | 47/48 | €39,295 | €11,465 | -€27,829 | -70.8% |
| Accrued charges and deferred income | 492/3 | €903 | €715 | -€188 | -20.8% |
| Remuneration, social security and pensions | 62 | €3,069 | €1,199 | -€1,870 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,594 | €16,315 | -€4,279 | -20.8% |
| Other operating charges | 640/8 | €2,338 | €2,687 | +€348 | +14.9% |
| Gross operating margin | 9900 | €39,371 | €37,900 | -€1,471 | -3.7% |
| Operating profit (loss) | 9901 | €13,370 | €17,699 | +€4,329 | +32.4% |
| Financial income | 75/76B | - | €3,960 | +€3,960 | |
| Recurring financial income | 75 | - | €3,960 | +€3,960 | |
| Non-recurring financial income | 76B | - | €3,960 | +€3,960 | |
| Financial charges | 65/66B | €2,464 | €1,836 | -€628 | -25.5% |
| Recurring financial charges | 65 | €2,464 | €1,836 | -€628 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €10,906 | €19,823 | +€8,917 | +81.8% |
| Income taxes | 67/77 | - | €5,564 | +€5,564 | |
| Profit (loss) for the period | 9904 | €10,906 | €14,259 | +€3,353 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,906 | €14,259 | +€3,353 | +30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.