MAPPA: 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.
MAPPA
Largest movements
- Receivables within one year -€56,797
down €56,797 (-79.9%), from €71,097 to €14,300
of which Trade receivables: -€56,594
- Cash +€27,592
up €27,592 (+55.3%), from €49,871 to €77,463
mainly Receivables within one year (+€56,797) and Net result for the year (+€7,623)
- Tangible fixed assets +€1,235
new in 2025: €1,235
- Other debts -€22,960
down €22,960 (-73.2%), from €31,386 to €8,426
- Tax, wage and social debts -€12,015
down €12,015 (-40.4%), from €29,775 to €17,760
of which Taxes: -€17,669
- Reserves +€7,623
up €7,623 (+14.4%), from €52,776 to €60,399
- Staff costs +€33,716
up €33,716 (+811.8%), from €4,153 to €37,869
- Gross operating margin -€27,971
down €27,971 (-36.2%), from €77,374 to €49,403
- Taxes -€16,614
down €16,614 (-83.0%), from €20,024 to €3,410
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 | €120,968 | €92,998 | -€27,970 | -23.1% |
| Fixed assets | 21/28 | - | €1,235 | +€1,235 | |
| Tangible fixed assets | 22/27 | - | €1,235 | +€1,235 | |
| Furniture and vehicles | 24 | - | €1,235 | +€1,235 | |
| Current assets | 29/58 | €120,968 | €91,763 | -€29,205 | -24.1% |
| Amounts receivable within one year | 40/41 | €71,097 | €14,300 | -€56,797 | -79.9% |
| Trade receivables | 40 | €70,894 | €14,300 | -€56,594 | -79.8% |
| Other amounts receivable | 41 | €203 | - | -€203 | |
| Cash at bank and in hand | 54/58 | €49,871 | €77,463 | +€27,592 | +55.3% |
| Total equity and liabilities | 10/49 | €120,968 | €92,998 | -€27,970 | -23.1% |
| Equity | 10/15 | €57,776 | €65,399 | +€7,623 | +13.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,776 | €60,399 | +€7,623 | +14.4% |
| Distributable reserves | 133 | €52,776 | €60,399 | +€7,623 | +14.4% |
| Amounts payable | 17/49 | €63,192 | €27,598 | -€35,594 | -56.3% |
| Amounts payable within one year | 42/48 | €63,192 | €27,598 | -€35,594 | -56.3% |
| Trade debts | 44 | €2,031 | €1,413 | -€618 | -30.4% |
| Suppliers | 440/4 | €2,031 | €1,413 | -€618 | -30.4% |
| Taxes, remuneration and social security | 45 | €29,775 | €17,760 | -€12,015 | -40.4% |
| Taxes | 450/3 | €24,608 | €6,939 | -€17,669 | -71.8% |
| Remuneration and social security | 454/9 | €5,167 | €10,821 | +€5,654 | +109.4% |
| Other amounts payable | 47/48 | €31,386 | €8,426 | -€22,960 | -73.2% |
| Remuneration, social security and pensions | 62 | €4,153 | €37,869 | +€33,716 | +811.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €293 | +€293 | |
| Gross operating margin | 9900 | €77,374 | €49,403 | -€27,971 | -36.2% |
| Operating profit (loss) | 9901 | €73,221 | €11,241 | -€61,980 | -84.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €421 | €208 | -€213 | -50.6% |
| Recurring financial charges | 65 | €421 | €208 | -€213 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €72,800 | €11,033 | -€61,767 | -84.8% |
| Income taxes | 67/77 | €20,024 | €3,410 | -€16,614 | -83.0% |
| Profit (loss) for the period | 9904 | €52,776 | €7,623 | -€45,153 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,776 | €7,623 | -€45,153 | -85.6% |
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 10 October 2026 via checked.be.