MAPOB: 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.
MAPOB
Largest movements
- Deferred charges and accrued income +€177,857
new in 2025: €177,857
- Receivables within one year -€145,286
down €145,286 (-76.1%), from €190,968 to €45,682
of which Other amounts receivable: -€175,122
- Cash +€60,888
up €60,888 (+11.4%), from €533,481 to €594,369
mainly Net result for the year (+€203,790) and Receivables within one year (+€145,286)
- Reserves +€203,790
up €203,790 (+20.3%), from €1.0m to €1.2m
of which Distributable reserves: +€203,790
- Debts after one year -€103,063
down €103,063 (-51.8%), from €198,839 to €95,777
- Financial income -€240,244
down €240,244 (-57.5%), from €418,101 to €177,857
- Gross operating margin +€29,263
up €29,263 (+73.1%), from €40,050 to €69,313
- Taxes -€10,765
down €10,765 (-22.1%), from €48,739 to €37,973
- Financial charges -€1,383
down €1,383 (-25.5%), from €5,428 to €4,045
- Other operating charges -€967
down €967 (-49.2%), from €1,966 to €998
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 | €1,691,306 | €1,784,402 | +€93,097 | +5.5% |
| Fixed assets | 21/28 | €966,857 | €966,494 | -€362 | 0.0% |
| Tangible fixed assets | 22/27 | €362 | - | -€362 | |
| Furniture and vehicles | 24 | €362 | - | -€362 | |
| Financial fixed assets | 28 | €966,494 | €966,494 | = | 0.0% |
| Current assets | 29/58 | €724,449 | €817,908 | +€93,459 | +12.9% |
| Amounts receivable within one year | 40/41 | €190,968 | €45,682 | -€145,286 | -76.1% |
| Trade receivables | 40 | €15,163 | €45,000 | +€29,837 | +197% |
| Other amounts receivable | 41 | €175,805 | €682 | -€175,122 | -99.6% |
| Cash at bank and in hand | 54/58 | €533,481 | €594,369 | +€60,888 | +11.4% |
| Deferred charges and accrued income | 490/1 | - | €177,857 | +€177,857 | |
| Total equity and liabilities | 10/49 | €1,691,306 | €1,784,402 | +€93,097 | +5.5% |
| Equity | 10/15 | €1,314,094 | €1,517,885 | +€203,790 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,004,358 | €1,208,149 | +€203,790 | +20.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,002,498 | €1,206,289 | +€203,790 | +20.3% |
| Profit (loss) carried forward | 14 | €303,536 | €303,536 | = | 0.0% |
| Amounts payable | 17/49 | €377,211 | €266,518 | -€110,694 | -29.3% |
| Amounts payable after more than one year | 17 | €198,839 | €95,777 | -€103,063 | -51.8% |
| Financial debts | 170/4 | €198,839 | €95,777 | -€103,063 | -51.8% |
| Amounts payable within one year | 42/48 | €178,372 | €170,741 | -€7,631 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €101,600 | €103,063 | +€1,462 | +1.4% |
| Trade debts | 44 | €2,019 | €2,995 | +€976 | +48.3% |
| Suppliers | 440/4 | €2,019 | €2,995 | +€976 | +48.3% |
| Taxes, remuneration and social security | 45 | €48,739 | €37,973 | -€10,765 | -22.1% |
| Taxes | 450/3 | €48,739 | €37,973 | -€10,765 | -22.1% |
| Other amounts payable | 47/48 | €26,014 | €26,711 | +€696 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733 | €362 | -€370 | -50.6% |
| Other operating charges | 640/8 | €1,966 | €998 | -€967 | -49.2% |
| Gross operating margin | 9900 | €40,050 | €69,313 | +€29,263 | +73.1% |
| Operating profit (loss) | 9901 | €37,351 | €67,952 | +€30,601 | +81.9% |
| Financial income | 75/76B | €418,101 | €177,857 | -€240,244 | -57.5% |
| Recurring financial income | 75 | €418,101 | €177,857 | -€240,244 | -57.5% |
| Financial charges | 65/66B | €5,428 | €4,045 | -€1,383 | -25.5% |
| Recurring financial charges | 65 | €5,428 | €4,045 | -€1,383 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €450,024 | €241,764 | -€208,260 | -46.3% |
| Income taxes | 67/77 | €48,739 | €37,973 | -€10,765 | -22.1% |
| Profit (loss) for the period | 9904 | €401,285 | €203,790 | -€197,495 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €401,285 | €203,790 | -€197,495 | -49.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.