MAPIMONTI: what changed
What changed
MAPIMONTI
filed annual accounts (NBB)
Net result for the year
€31,981
2023 · -€141,928+€173,908
Equity
-€93,776
2023 · -€125,757+€31,981
Cash
€8,988
2023 · €5,200+€3,788
Balance sheet total
€1.4m
2023 · €1.6m-€264,906
Largest movements
Assets
- Tangible fixed assets -€265,814
down €265,814 (-16.4%), from €1.6m to €1.4m
of which Land and buildings: -€320,729
Equity and liabilities
- Debts after one year -€209,990
down €209,990 (-15.4%), from €1.4m to €1.2m
of which Financial debts: -€238,867
- Short-term financial debts -€110,000
down €110,000 (-31.0%), from €355,000 to €245,000
- Profit (loss) carried forward +€31,981
up €31,981 (+22.7%), from -€140,757 to -€108,776
- Current portion of long-term debt +€22,389
up €22,389 (+96.7%), from €23,159 to €45,548
Income statement
- Gross operating margin +€142,165
up €142,165 (+684%), from €20,797 to €162,962
- Depreciation -€67,535
down €67,535 (-61.0%), from €110,737 to €43,202
- Financial charges +€34,289
up €34,289 (+80.5%), from €42,572 to €76,861
Change in the result, 2023 to 2024
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 2023
-€141,928
Gross operating margin
+€142,165
Depreciation
+€67,535
Other operating charges
-€1,502
Financial charges
-€34,289
Result 2024
€31,981
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€78,777
Investment
+€222,611
Financing
-€297,601
Cash 2023
€5,200
From operations (derived)
+€78,777
Net result for the year
+€31,981
Depreciation
+€43,202
Receivables within one year
-€313
Deferred charges and accrued income
+€3,193
Trade debts
+€1,374
Accrued charges and deferred income
-€660
Investment (derived)
+€222,611
Investment in fixed assets (net)
+€222,611
Financing
-€297,601
Debts after one year
-€209,990
Current portion of long-term debt
+€22,389
Short-term financial debts
-€110,000
Cash 2024
€8,988
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,628,132 | €1,363,226 | -€264,906 | -16.3% |
| Fixed assets | 21/28 | €1,619,739 | €1,353,926 | -€265,814 | -16.4% |
| Tangible fixed assets | 22/27 | €1,619,739 | €1,353,926 | -€265,814 | -16.4% |
| Land and buildings | 22 | €1,596,241 | €1,275,512 | -€320,729 | -20.1% |
| Plant, machinery and equipment | 23 | €22,506 | €77,914 | +€55,408 | +246% |
| Furniture and vehicles | 24 | €993 | €500 | -€493 | -49.7% |
| Current assets | 29/58 | €8,393 | €9,300 | +€908 | +10.8% |
| Amounts receivable within one year | 40/41 | - | €313 | +€313 | |
| Trade receivables | 40 | - | €313 | +€313 | |
| Cash at bank and in hand | 54/58 | €5,200 | €8,988 | +€3,788 | +72.8% |
| Deferred charges and accrued income | 490/1 | €3,193 | €0 | -€3,193 | -100% |
| Total equity and liabilities | 10/49 | €1,628,132 | €1,363,226 | -€264,906 | -16.3% |
| Equity | 10/15 | -€125,757 | -€93,776 | +€31,981 | +25.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,757 | -€108,776 | +€31,981 | +22.7% |
| Amounts payable | 17/49 | €1,753,889 | €1,457,002 | -€296,887 | -16.9% |
| Amounts payable after more than one year | 17 | €1,365,941 | €1,155,952 | -€209,990 | -15.4% |
| Financial debts | 170/4 | €1,202,719 | €963,852 | -€238,867 | -19.9% |
| Other amounts payable | 178/9 | €163,222 | €192,100 | +€28,877 | +17.7% |
| Amounts payable within one year | 42/48 | €379,603 | €293,366 | -€86,237 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €23,159 | €45,548 | +€22,389 | +96.7% |
| Financial debts | 43 | €355,000 | €245,000 | -€110,000 | -31.0% |
| Credit institutions | 430/8 | €355,000 | €245,000 | -€110,000 | -31.0% |
| Trade debts | 44 | €1,443 | €2,818 | +€1,374 | +95.2% |
| Suppliers | 440/4 | €1,443 | €2,818 | +€1,374 | +95.2% |
| Accrued charges and deferred income | 492/3 | €8,345 | €7,685 | -€660 | -7.9% |
| Non-recurring operating income | 76A | €0 | €91,622 | +€91,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,737 | €43,202 | -€67,535 | -61.0% |
| Other operating charges | 640/8 | €9,415 | €10,918 | +€1,502 | +16.0% |
| Gross operating margin | 9900 | €20,797 | €162,962 | +€142,165 | +684% |
| Operating profit (loss) | 9901 | -€99,356 | €108,842 | +€208,198 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €42,572 | €76,861 | +€34,289 | +80.5% |
| Recurring financial charges | 65 | €42,572 | €76,861 | +€34,289 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | -€141,928 | €31,981 | +€173,908 | |
| Profit (loss) for the period | 9904 | -€141,928 | €31,981 | +€173,908 | |
| Profit (loss) for the period to be appropriated | 9905 | -€141,928 | €31,981 | +€173,908 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.