MAPIMMO: 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.
MAPIMMO
Largest movements
- Receivables within one year -€342,206
down €342,206 (-9.0%), from €3.8m to €3.4m
of which Other amounts receivable: -€451,706
- Debts after one year -€484,593
down €484,593 (-20.6%), from €2.4m to €1.9m
- Gross operating margin -€402,561
down €402,561 (-84.2%), from €478,004 to €75,443
- Financial income -€289,931
down €289,931 (-99.4%), from €291,721 to €1,790
- Financial charges -€69,582
down €69,582 (-62.5%), from €111,416 to €41,834
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 | €6,985,325 | €6,599,611 | -€385,713 | -5.5% |
| Fixed assets | 21/28 | €2,003,490 | €2,003,437 | -€53 | 0.0% |
| Tangible fixed assets | 22/27 | €53 | - | -€53 | |
| Furniture and vehicles | 24 | €53 | - | -€53 | |
| Financial fixed assets | 28 | €2,003,437 | €2,003,437 | = | 0.0% |
| Current assets | 29/58 | €4,981,835 | €4,596,174 | -€385,660 | -7.7% |
| Amounts receivable within one year | 40/41 | €3,791,508 | €3,449,302 | -€342,206 | -9.0% |
| Trade receivables | 40 | €608,872 | €718,372 | +€109,500 | +18.0% |
| Other amounts receivable | 41 | €3,182,636 | €2,730,930 | -€451,706 | -14.2% |
| Current investments | 50/53 | €1,145,141 | €1,145,141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,186 | €1,732 | -€43,454 | -96.2% |
| Total equity and liabilities | 10/49 | €6,985,325 | €6,599,611 | -€385,713 | -5.5% |
| Equity | 10/15 | €626,829 | €661,687 | +€34,858 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €620,629 | €655,487 | +€34,858 | +5.6% |
| Amounts payable | 17/49 | €6,358,496 | €5,937,924 | -€420,571 | -6.6% |
| Amounts payable after more than one year | 17 | €2,352,324 | €1,867,731 | -€484,593 | -20.6% |
| Financial debts | 170/4 | €2,352,324 | €1,867,731 | -€484,593 | -20.6% |
| Amounts payable within one year | 42/48 | €4,004,919 | €4,068,940 | +€64,021 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 43 | - | €1,976 | +€1,976 | |
| Credit institutions | 430/8 | - | €1,976 | +€1,976 | |
| Trade debts | 44 | €44,916 | €45,163 | +€247 | +0.5% |
| Suppliers | 440/4 | €44,916 | €45,163 | +€247 | +0.5% |
| Other amounts payable | 47/48 | €3,760,002 | €3,821,800 | +€61,798 | +1.6% |
| Accrued charges and deferred income | 492/3 | €1,253 | €1,253 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €744 | €53 | -€691 | -92.8% |
| Other operating charges | 640/8 | €416 | €489 | +€73 | +17.6% |
| Gross operating margin | 9900 | €478,004 | €75,443 | -€402,561 | -84.2% |
| Operating profit (loss) | 9901 | €476,845 | €74,901 | -€401,943 | -84.3% |
| Financial income | 75/76B | €291,721 | €1,790 | -€289,931 | -99.4% |
| Recurring financial income | 75 | €291,721 | €1,790 | -€289,931 | -99.4% |
| Financial charges | 65/66B | €111,416 | €41,834 | -€69,582 | -62.5% |
| Recurring financial charges | 65 | €111,416 | €41,834 | -€69,582 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €657,150 | €34,858 | -€622,292 | -94.7% |
| Profit (loss) for the period | 9904 | €657,150 | €34,858 | -€622,292 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €657,150 | €34,858 | -€622,292 | -94.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.