MAPOGO: 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.
MAPOGO
Largest movements
- Tangible fixed assets +€30,055
new in 2025: €30,055
- Receivables within one year +€13,587
up €13,587 (+551.8%), from €2,462 to €16,049
- Deferred charges and accrued income +€2,479
new in 2025: €2,479
- Other debts +€39,571
up €39,571 (+273.4%), from €14,476 to €54,046
- Reserves -€21,964
down €21,964 (-32.7%), from €67,102 to €45,138
- Debts after one year +€18,037
up €18,037 (+221.8%), from €8,130 to €26,167
- Tax, wage and social debts +€9,084
up €9,084 (+88.3%), from €10,282 to €19,367
- Current portion of long-term debt +€2,140
up €2,140 (+30.1%), from €7,099 to €9,239
- Gross operating margin +€22,966
up €22,966 (+67.1%), from €34,202 to €57,168
- Taxes +€6,386
up €6,386 (+62.1%), from €10,282 to €16,668
- Depreciation +€4,707
up €4,707 (+167.7%), from €2,807 to €7,514
- Other operating charges +€880
new in 2025: €880
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 | €119,291 | €166,317 | +€47,026 | +39.4% |
| Fixed assets | 21/28 | €97,283 | €127,339 | +€30,055 | +30.9% |
| Tangible fixed assets | 22/27 | - | €30,055 | +€30,055 | |
| Furniture and vehicles | 24 | - | €30,055 | +€30,055 | |
| Financial fixed assets | 28 | €97,283 | €97,283 | = | 0.0% |
| Current assets | 29/58 | €22,008 | €38,978 | +€16,971 | +77.1% |
| Amounts receivable within one year | 40/41 | €2,462 | €16,049 | +€13,587 | +551.8% |
| Other amounts receivable | 41 | €2,462 | €16,049 | +€13,587 | +551.8% |
| Cash at bank and in hand | 54/58 | €19,545 | €20,449 | +€904 | +4.6% |
| Deferred charges and accrued income | 490/1 | - | €2,479 | +€2,479 | |
| Total equity and liabilities | 10/49 | €119,291 | €166,317 | +€47,026 | +39.4% |
| Equity | 10/15 | €68,602 | €46,638 | -€21,964 | -32.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €67,102 | €45,138 | -€21,964 | -32.7% |
| Distributable reserves | 133 | €67,102 | €45,138 | -€21,964 | -32.7% |
| Amounts payable | 17/49 | €50,689 | €119,679 | +€68,990 | +136.1% |
| Amounts payable after more than one year | 17 | €8,130 | €26,167 | +€18,037 | +221.8% |
| Financial debts | 170/4 | €8,130 | €26,167 | +€18,037 | +221.8% |
| Amounts payable within one year | 42/48 | €42,559 | €93,512 | +€50,954 | +119.7% |
| Current portion of amounts payable after more than one year | 42 | €7,099 | €9,239 | +€2,140 | +30.1% |
| Trade debts | 44 | €10,701 | €10,860 | +€159 | +1.5% |
| Suppliers | 440/4 | €10,701 | €10,860 | +€159 | +1.5% |
| Taxes, remuneration and social security | 45 | €10,282 | €19,367 | +€9,084 | +88.3% |
| Taxes | 450/3 | €10,282 | €19,367 | +€9,084 | +88.3% |
| Other amounts payable | 47/48 | €14,476 | €54,046 | +€39,571 | +273.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,807 | €7,514 | +€4,707 | +167.7% |
| Other operating charges | 640/8 | - | €880 | +€880 | |
| Gross operating margin | 9900 | €34,202 | €57,168 | +€22,966 | +67.1% |
| Operating profit (loss) | 9901 | €31,395 | €48,774 | +€17,378 | +55.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,399 | €1,344 | -€55 | -3.9% |
| Recurring financial charges | 65 | €1,399 | €1,344 | -€55 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €29,997 | €47,430 | +€17,433 | +58.1% |
| Income taxes | 67/77 | €10,282 | €16,668 | +€6,386 | +62.1% |
| Profit (loss) for the period | 9904 | €19,714 | €30,762 | +€11,047 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,714 | €30,762 | +€11,047 | +56.0% |
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.