MAPLE TREE: what changed
Two financial 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.
MAPLE TREE
Largest movements
- Cash +€58,168
up €58,168 (+261%), from €22,251 to €80,419
mainly Net result for the year (+€89,146) and Receivables after one year (+€19,111)
- Receivables within one year +€21,752
up €21,752 (+52.4%), from €41,479 to €63,231
of which Other amounts receivable: +€19,601
- Receivables after one year -€19,111
down €19,111 (-37.5%), from €51,000 to €31,889
- Reserves +€89,000
up €89,000 (+54.6%), from €163,000 to €252,000
- Other debts -€28,666
down €28,666 (-7.5%), from €379,779 to €351,112
- Gross operating margin +€22,420
up €22,420 (+22.8%), from €98,358 to €120,778
- Taxes +€5,950
up €5,950 (+24.2%), from €24,538 to €30,488
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.
Derived cash bridge
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 | €584,572 | €645,032 | +€60,461 | +10.3% |
| Fixed assets | 21/28 | €469,691 | €469,364 | -€327 | -0.1% |
| Tangible fixed assets | 22/27 | €1,215 | €888 | -€327 | -26.9% |
| Furniture and vehicles | 24 | €1,215 | €888 | -€327 | -26.9% |
| Financial fixed assets | 28 | €468,476 | €468,476 | = | 0.0% |
| Current assets | 29/58 | €114,881 | €175,668 | +€60,788 | +52.9% |
| Amounts receivable after more than one year | 29 | €51,000 | €31,889 | -€19,111 | -37.5% |
| Other amounts receivable | 291 | €51,000 | €31,889 | -€19,111 | -37.5% |
| Amounts receivable within one year | 40/41 | €41,479 | €63,231 | +€21,752 | +52.4% |
| Trade receivables | 40 | €41,475 | €43,626 | +€2,151 | +5.2% |
| Other amounts receivable | 41 | €4 | €19,604 | +€19,601 | +518,534% |
| Cash at bank and in hand | 54/58 | €22,251 | €80,419 | +€58,168 | +261% |
| Deferred charges and accrued income | 490/1 | €151 | €130 | -€21 | -14.0% |
| Total equity and liabilities | 10/49 | €584,572 | €645,032 | +€60,461 | +10.3% |
| Equity | 10/15 | €183,855 | €273,001 | +€89,146 | +48.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €163,000 | €252,000 | +€89,000 | +54.6% |
| Distributable reserves | 133 | €163,000 | €252,000 | +€89,000 | +54.6% |
| Profit (loss) carried forward | 14 | €395 | €541 | +€146 | +37.1% |
| Amounts payable | 17/49 | €400,717 | €372,031 | -€28,686 | -7.2% |
| Amounts payable within one year | 42/48 | €400,651 | €371,962 | -€28,689 | -7.2% |
| Trade debts | 44 | €2,721 | €676 | -€2,045 | -75.2% |
| Suppliers | 440/4 | €2,721 | €676 | -€2,045 | -75.2% |
| Taxes, remuneration and social security | 45 | €18,151 | €20,174 | +€2,023 | +11.1% |
| Taxes | 450/3 | €18,151 | €20,174 | +€2,023 | +11.1% |
| Other amounts payable | 47/48 | €379,779 | €351,112 | -€28,666 | -7.5% |
| Accrued charges and deferred income | 492/3 | €66 | €69 | +€3 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €327 | = | 0.0% |
| Other operating charges | 640/8 | €870 | €820 | -€51 | -5.8% |
| Gross operating margin | 9900 | €98,358 | €120,778 | +€22,420 | +22.8% |
| Operating profit (loss) | 9901 | €97,161 | €119,631 | +€22,470 | +23.1% |
| Financial income | 75/76B | - | €336 | +€336 | |
| Recurring financial income | 75 | - | €336 | +€336 | |
| Financial charges | 65/66B | €316 | €332 | +€16 | +5.0% |
| Recurring financial charges | 65 | €316 | €332 | +€16 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €96,845 | €119,635 | +€22,790 | +23.5% |
| Income taxes | 67/77 | €24,538 | €30,488 | +€5,950 | +24.2% |
| Profit (loss) for the period | 9904 | €72,306 | €89,146 | +€16,840 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,306 | €89,146 | +€16,840 | +23.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.