Mapie Invest: what changed
What changed
Mapie Invest
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€292,130
2024 · -€119,938+€412,068
Equity
€815,160
2024 · €785,030+€30,130
Cash
€22,777
2024 · €110,571-€87,794
Balance sheet total
€11.5m
2024 · €12.0m-€567,396
Largest movements
Assets
- Deferred charges and accrued income -€673,250
down €673,250 (-96.4%), from €698,250 to €25,000
- Receivables within one year +€267,992
up €267,992 (+232%), from €115,475 to €383,466
of which Trade receivables: +€383,466
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-10.1%), from €10.5m to €9.4m
of which Financial debts: -€1.1m
- Other debts +€276,186
up €276,186 (+9,009%), from €3,066 to €279,252
- Current portion of long-term debt +€202,845
up €202,845 (+124%), from €163,374 to €366,220
Income statement
- Turnover +€712,355
up €712,355 (+25.6%), from €2.8m to €3.5m
- Goods and materials +€366,587
up €366,587 (+14.8%), from €2.5m to €2.8m
of which Change in stocks: decrease (increase): +€454,078
- Financial charges -€123,877
down €123,877 (-27.2%), from €456,224 to €332,347
- Taxes +€62,740
new in 2025: €62,740
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.
Result 2024
-€119,938
Turnover
+€712,355
Other operating income
+€2,811
Goods and materials
-€366,587
Services and other goods
-€3,825
Other operating charges
+€6,157
Financial income
+€20
Financial charges
+€123,877
Taxes
-€62,740
Result 2025
€292,130
raises the resultlowers the result
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.
From operations
+€1.0m
Investment
€0
Financing
-€1.1m
Cash 2024
€110,571
From operations (derived)
+€1.0m
Net result for the year
+€292,130
Stocks and contracts
+€74,344
Receivables within one year
-€267,992
Deferred charges and accrued income
+€673,250
Trade debts
-€835
Tax, wage and social debts
+€76,078
Advances received
-€67,200
Other debts
+€276,186
Accrued charges and deferred income
-€27,600
Financing
-€1.1m
Debts after one year
-€1.1m
Current portion of long-term debt
+€202,845
Contributions, distributions and other
-€262,000
Cash 2025
€22,777
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,049,845 | €11,482,449 | -€567,396 | -4.7% |
| Fixed assets | 21/28 | €800 | €800 | = | 0.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Other financial fixed assets | 284/8 | €800 | €800 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €12,049,045 | €11,481,649 | -€567,396 | -4.7% |
| Stocks and contracts in progress | 3 | €11,124,749 | €11,050,405 | -€74,344 | -0.7% |
| Stocks | 30/36 | €11,124,749 | €11,050,405 | -€74,344 | -0.7% |
| Property held for sale | 35 | €11,124,749 | €11,050,405 | -€74,344 | -0.7% |
| Amounts receivable within one year | 40/41 | €115,475 | €383,466 | +€267,992 | +232% |
| Trade receivables | 40 | - | €383,466 | +€383,466 | |
| Other amounts receivable | 41 | €115,475 | - | -€115,475 | |
| Cash at bank and in hand | 54/58 | €110,571 | €22,777 | -€87,794 | -79.4% |
| Deferred charges and accrued income | 490/1 | €698,250 | €25,000 | -€673,250 | -96.4% |
| Total equity and liabilities | 10/49 | €12,049,845 | €11,482,449 | -€567,396 | -4.7% |
| Equity | 10/15 | €785,030 | €815,160 | +€30,130 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €765,860 | €795,860 | +€30,000 | +3.9% |
| Distributable reserves | 133 | €765,860 | €795,860 | +€30,000 | +3.9% |
| Profit (loss) carried forward | 14 | €570 | €700 | +€130 | +22.8% |
| Amounts payable | 17/49 | €11,264,815 | €10,667,289 | -€597,526 | -5.3% |
| Amounts payable after more than one year | 17 | €10,500,000 | €9,443,000 | -€1.1m | -10.1% |
| Financial debts | 170/4 | €10,500,000 | €9,441,000 | -€1.1m | -10.1% |
| Credit institutions | 173 | €4,000,000 | €4,041,000 | +€41,000 | +1.0% |
| Other loans | 174 | €6,500,000 | €5,400,000 | -€1.1m | -16.9% |
| Other amounts payable | 178/9 | - | €2,000 | +€2,000 | |
| Amounts payable within one year | 42/48 | €737,215 | €1,224,289 | +€487,074 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €163,374 | €366,220 | +€202,845 | +124% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €835 | - | -€835 | |
| Suppliers | 440/4 | €835 | - | -€835 | |
| Advances received on contracts in progress | 46 | €67,200 | - | -€67,200 | |
| Taxes, remuneration and social security | 45 | €2,740 | €78,818 | +€76,078 | +2,777% |
| Taxes | 450/3 | €2,740 | €78,818 | +€76,078 | +2,777% |
| Other amounts payable | 47/48 | €3,066 | €279,252 | +€276,186 | +9,009% |
| Accrued charges and deferred income | 492/3 | €27,600 | - | -€27,600 | |
| Operating income | 70/76A | €2,898,348 | €3,613,514 | +€715,166 | +24.7% |
| Turnover | 70 | €2,787,624 | €3,499,978 | +€712,355 | +25.6% |
| Other operating income | 74 | €110,725 | €113,536 | +€2,811 | +2.5% |
| Operating charges | 60/66A | €2,562,116 | €2,926,371 | +€364,254 | +14.2% |
| Goods for resale, raw materials and consumables | 60 | €2,473,237 | €2,839,823 | +€366,587 | +14.8% |
| Purchases | 600/8 | €2,852,971 | €2,765,480 | -€87,491 | -3.1% |
| Change in stocks: decrease (increase) | 609 | -€379,734 | €74,344 | +€454,078 | |
| Services and other goods | 61 | €42,713 | €46,537 | +€3,825 | +9.0% |
| Other operating charges | 640/8 | €46,167 | €40,010 | -€6,157 | -13.3% |
| Operating profit (loss) | 9901 | €336,232 | €687,143 | +€350,911 | +104% |
| Financial income | 75/76B | €54 | €73 | +€20 | +37.2% |
| Recurring financial income | 75 | €54 | €73 | +€20 | +37.2% |
| Income from current assets | 751 | €54 | - | -€54 | |
| Other financial income | 752/9 | - | €73 | +€73 | |
| Financial charges | 65/66B | €456,224 | €332,347 | -€123,877 | -27.2% |
| Recurring financial charges | 65 | €456,224 | €332,347 | -€123,877 | -27.2% |
| Debt charges | 650 | €423,578 | €306,986 | -€116,592 | -27.5% |
| Other financial charges | 652/9 | €32,646 | €25,361 | -€7,285 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€119,938 | €354,870 | +€474,808 | |
| Income taxes | 67/77 | - | €62,740 | +€62,740 | |
| Taxes | 670/3 | - | €62,740 | +€62,740 | |
| Profit (loss) for the period | 9904 | -€119,938 | €292,130 | +€412,068 | |
| Profit (loss) for the period to be appropriated | 9905 | -€119,938 | €292,130 | +€412,068 |
Next steps
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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 7 November 2026 via checked.be.