MAPOOL: 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.
MAPOOL
Largest movements
- Tangible fixed assets -€12,401
down €12,401 (-11.2%), from €110,999 to €98,598
of which Land and buildings: -€8,471
- Cash -€3,684
down €3,684 (-32.6%), from €11,314 to €7,629
mainly Investment in fixed assets (net) (-€12,712) and Debts after one year (-€10,751)
- Receivables within one year +€2,309
up €2,309 (+95.6%), from €2,416 to €4,724
of which Trade receivables: +€1,906
- Debts after one year -€10,751
down €10,751 (-12.2%), from €87,917 to €77,166
of which Financial debts: -€10,751
- Profit (loss) carried forward -€4,500
down €4,500 (-41.6%), from -€10,810 to -€15,310
- Trade debts +€2,070
up €2,070 (+170%), from €1,215 to €3,285
- Other debts -€1,430
down €1,430 (-4.7%), from €30,224 to €28,794
- Gross operating margin -€3,907
down €3,907 (-13.9%), from €28,042 to €24,135
- Depreciation +€1,989
up €1,989 (+8.6%), from €23,125 to €25,113
- Other operating charges -€317
down €317 (-17.9%), from €1,772 to €1,455
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 | €125,112 | €111,334 | -€13,779 | -11.0% |
| Fixed assets | 21/28 | €110,999 | €98,598 | -€12,401 | -11.2% |
| Tangible fixed assets | 22/27 | €110,999 | €98,598 | -€12,401 | -11.2% |
| Land and buildings | 22 | €99,356 | €90,885 | -€8,471 | -8.5% |
| Furniture and vehicles | 24 | €11,643 | €7,713 | -€3,930 | -33.8% |
| Current assets | 29/58 | €14,114 | €12,736 | -€1,378 | -9.8% |
| Amounts receivable within one year | 40/41 | €2,416 | €4,724 | +€2,309 | +95.6% |
| Trade receivables | 40 | €2,412 | €4,318 | +€1,906 | +79.0% |
| Other amounts receivable | 41 | €4 | €407 | +€403 | +10,656% |
| Cash at bank and in hand | 54/58 | €11,314 | €7,629 | -€3,684 | -32.6% |
| Deferred charges and accrued income | 490/1 | €384 | €382 | -€2 | -0.6% |
| Total equity and liabilities | 10/49 | €125,112 | €111,334 | -€13,779 | -11.0% |
| Equity | 10/15 | -€8,810 | -€13,310 | -€4,500 | -51.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,810 | -€15,310 | -€4,500 | -41.6% |
| Amounts payable | 17/49 | €133,923 | €124,644 | -€9,279 | -6.9% |
| Amounts payable after more than one year | 17 | €87,917 | €77,166 | -€10,751 | -12.2% |
| Financial debts | 170/4 | €85,067 | €74,316 | -€10,751 | -12.6% |
| Other amounts payable | 178/9 | €2,850 | €2,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,845 | €47,478 | +€1,633 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €11,409 | €11,638 | +€229 | +2.0% |
| Trade debts | 44 | €1,215 | €3,285 | +€2,070 | +170% |
| Suppliers | 440/4 | €1,215 | €3,285 | +€2,070 | +170% |
| Taxes, remuneration and social security | 45 | €2,998 | €3,761 | +€763 | +25.5% |
| Taxes | 450/3 | €2,998 | €3,761 | +€763 | +25.5% |
| Other amounts payable | 47/48 | €30,224 | €28,794 | -€1,430 | -4.7% |
| Accrued charges and deferred income | 492/3 | €160 | €0 | -€160 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,125 | €25,113 | +€1,989 | +8.6% |
| Other operating charges | 640/8 | €1,772 | €1,455 | -€317 | -17.9% |
| Gross operating margin | 9900 | €28,042 | €24,135 | -€3,907 | -13.9% |
| Operating profit (loss) | 9901 | €3,145 | -€2,433 | -€5,579 | |
| Financial income | 75/76B | €0 | €85 | +€85 | +29,234% |
| Recurring financial income | 75 | €0 | €85 | +€85 | +29,234% |
| Financial charges | 65/66B | €2,195 | €1,976 | -€219 | -10.0% |
| Recurring financial charges | 65 | €2,195 | €1,976 | -€219 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €951 | -€4,324 | -€5,275 | |
| Income taxes | 67/77 | €170 | €176 | +€7 | +3.8% |
| Profit (loss) for the period | 9904 | €781 | -€4,500 | -€5,281 | |
| Profit (loss) for the period to be appropriated | 9905 | €781 | -€4,500 | -€5,281 |
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.