MAPIOTIQUE: 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.
MAPIOTIQUE
Largest movements
- Deferred charges and accrued income +€91,453
up €91,453 (+10.9%), from €836,419 to €927,872
- Tangible fixed assets +€57,728
up €57,728 (+3.1%), from €1.9m to €1.9m
of which Assets under construction and advance payments: +€183,450
- Receivables within one year +€35,879
up €35,879 (+34.1%), from €105,220 to €141,099
of which Other amounts receivable: +€19,829
- Other debts +€277,330
up €277,330 (+30.8%), from €901,470 to €1.2m
- Profit (loss) carried forward -€78,311
down €78,311 (-17.6%), from -€445,113 to -€523,424
- Trade debts -€49,816
down €49,816 (-31.9%), from €156,246 to €106,431
- Debts after one year +€35,060
up €35,060 (+2.1%), from €1.7m to €1.7m
of which Other amounts payable: +€48,055
- Gross operating margin -€9,569
down €9,569 (-13.3%), from €71,751 to €62,182
- Depreciation +€8,788
up €8,788 (+7.3%), from €120,449 to €129,237
- Other operating charges -€914
down €914 (-9.2%), from €9,968 to €9,054
- Financial charges +€732
up €732 (+54.1%), from €1,353 to €2,085
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,821,744 | €3,006,803 | +€185,060 | +6.6% |
| Fixed assets | 21/28 | €1,880,105 | €1,937,833 | +€57,728 | +3.1% |
| Tangible fixed assets | 22/27 | €1,880,105 | €1,937,833 | +€57,728 | +3.1% |
| Land and buildings | 22 | €1,108,594 | €997,734 | -€110,859 | -10.0% |
| Furniture and vehicles | 24 | - | €3,045 | +€3,045 | |
| Leasing and similar rights | 25 | €79,949 | €62,041 | -€17,908 | -22.4% |
| Assets under construction and advance payments | 27 | €691,562 | €875,012 | +€183,450 | +26.5% |
| Current assets | 29/58 | €941,639 | €1,068,970 | +€127,332 | +13.5% |
| Amounts receivable within one year | 40/41 | €105,220 | €141,099 | +€35,879 | +34.1% |
| Trade receivables | 40 | €88,950 | €105,000 | +€16,050 | +18.0% |
| Other amounts receivable | 41 | €16,270 | €36,099 | +€19,829 | +121.9% |
| Deferred charges and accrued income | 490/1 | €836,419 | €927,872 | +€91,453 | +10.9% |
| Total equity and liabilities | 10/49 | €2,821,744 | €3,006,803 | +€185,060 | +6.6% |
| Equity | 10/15 | €45,487 | -€32,824 | -€78,311 | |
| Contributions | 10/11 | €487,500 | €487,500 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €3,100 | +€3,100 | |
| Own shares acquired | 1312 | €3,100 | - | -€3,100 | |
| Profit (loss) carried forward | 14 | -€445,113 | -€523,424 | -€78,311 | -17.6% |
| Amounts payable | 17/49 | €2,776,256 | €3,039,627 | +€263,371 | +9.5% |
| Amounts payable after more than one year | 17 | €1,692,307 | €1,727,367 | +€35,060 | +2.1% |
| Financial debts | 170/4 | €47,981 | €34,986 | -€12,995 | -27.1% |
| Other amounts payable | 178/9 | €1,644,326 | €1,692,381 | +€48,055 | +2.9% |
| Amounts payable within one year | 42/48 | €1,071,324 | €1,298,885 | +€227,561 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €12,995 | €12,995 | = | 0.0% |
| Trade debts | 44 | €156,246 | €106,431 | -€49,816 | -31.9% |
| Suppliers | 440/4 | €156,246 | €106,431 | -€49,816 | -31.9% |
| Taxes, remuneration and social security | 45 | €613 | €659 | +€46 | +7.6% |
| Taxes | 450/3 | €613 | €659 | +€46 | +7.6% |
| Other amounts payable | 47/48 | €901,470 | €1,178,801 | +€277,330 | +30.8% |
| Accrued charges and deferred income | 492/3 | €12,625 | €13,375 | +€750 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,449 | €129,237 | +€8,788 | +7.3% |
| Other operating charges | 640/8 | €9,968 | €9,054 | -€914 | -9.2% |
| Gross operating margin | 9900 | €71,751 | €62,182 | -€9,569 | -13.3% |
| Operating profit (loss) | 9901 | -€58,667 | -€76,110 | -€17,443 | -29.7% |
| Financial charges | 65/66B | €1,353 | €2,085 | +€732 | +54.1% |
| Recurring financial charges | 65 | €1,353 | €2,085 | +€732 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | -€60,020 | -€78,195 | -€18,175 | -30.3% |
| Income taxes | 67/77 | €545 | €116 | -€428 | -78.7% |
| Profit (loss) for the period | 9904 | -€60,565 | -€78,311 | -€17,747 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,565 | -€78,311 | -€17,747 | -29.3% |
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 8 October 2026 via checked.be.