MAPRA: 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.
MAPRA
Largest movements
- Tangible fixed assets +€37,078
up €37,078 (+301.0%), from €12,319 to €49,397
of which Furniture and vehicles: +€40,805
- Cash -€2,065
down €2,065 (-5.4%), from €38,106 to €36,042
mainly Investment in fixed assets (net) (-€47,564) and Contributions, distributions and other (-€37,000)
- Receivables within one year -€1,429
down €1,429 (-17.4%), from €8,221 to €6,792
of which Trade receivables: -€2,640
- Debts after one year +€28,712
new in 2025: €28,712
- Reserves -€27,520
down €27,520 (-96.6%), from €28,486 to €967
- Other debts +€15,791
up €15,791 (+110.9%), from €14,243 to €30,035
- Current portion of long-term debt +€7,590
new in 2025: €7,590
- Tax, wage and social debts +€5,830
new in 2025: €5,830
- Depreciation +€5,734
up €5,734 (+107.4%), from €5,338 to €11,071
- Gross operating margin +€2,029
up €2,029 (+8.4%), from €24,197 to €26,226
- Taxes -€998
down €998 (-19.4%), from €5,131 to €4,133
- Financial charges +€705
up €705 (+104.6%), from €674 to €1,379
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 | €62,280 | €95,299 | +€33,020 | +53.0% |
| Fixed assets | 21/28 | €14,641 | €51,134 | +€36,493 | +249.2% |
| Intangible fixed assets | 21 | €2,322 | €1,737 | -€585 | -25.2% |
| Tangible fixed assets | 22/27 | €12,319 | €49,397 | +€37,078 | +301.0% |
| Plant, machinery and equipment | 23 | €9,527 | €5,800 | -€3,727 | -39.1% |
| Furniture and vehicles | 24 | €2,792 | €43,597 | +€40,805 | +1461.7% |
| Current assets | 29/58 | €47,639 | €44,166 | -€3,473 | -7.3% |
| Amounts receivable within one year | 40/41 | €8,221 | €6,792 | -€1,429 | -17.4% |
| Trade receivables | 40 | €5,050 | €2,410 | -€2,640 | -52.3% |
| Other amounts receivable | 41 | €3,171 | €4,382 | +€1,211 | +38.2% |
| Cash at bank and in hand | 54/58 | €38,106 | €36,042 | -€2,065 | -5.4% |
| Deferred charges and accrued income | 490/1 | €1,311 | €1,332 | +€20 | +1.6% |
| Total equity and liabilities | 10/49 | €62,280 | €95,299 | +€33,020 | +53.0% |
| Equity | 10/15 | €47,086 | €19,567 | -€27,520 | -58.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,486 | €967 | -€27,520 | -96.6% |
| Distributable reserves | 133 | €28,486 | €967 | -€27,520 | -96.6% |
| Amounts payable | 17/49 | €15,194 | €75,733 | +€60,539 | +398.5% |
| Amounts payable after more than one year | 17 | - | €28,712 | +€28,712 | |
| Financial debts | 170/4 | - | €28,712 | +€28,712 | |
| Amounts payable within one year | 42/48 | €14,944 | €47,021 | +€32,077 | +214.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,590 | +€7,590 | |
| Trade debts | 44 | €700 | €3,566 | +€2,866 | +409.4% |
| Suppliers | 440/4 | €700 | €3,566 | +€2,866 | +409.4% |
| Taxes, remuneration and social security | 45 | - | €5,830 | +€5,830 | |
| Taxes | 450/3 | - | €5,830 | +€5,830 | |
| Other amounts payable | 47/48 | €14,243 | €30,035 | +€15,791 | +110.9% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,338 | €11,071 | +€5,734 | +107.4% |
| Other operating charges | 640/8 | - | €162 | +€162 | |
| Gross operating margin | 9900 | €24,197 | €26,226 | +€2,029 | +8.4% |
| Operating profit (loss) | 9901 | €18,859 | €14,993 | -€3,867 | -20.5% |
| Financial charges | 65/66B | €674 | €1,379 | +€705 | +104.6% |
| Recurring financial charges | 65 | €674 | €1,379 | +€705 | +104.6% |
| Profit (loss) for the period before taxes | 9903 | €18,185 | €13,613 | -€4,572 | -25.1% |
| Income taxes | 67/77 | €5,131 | €4,133 | -€998 | -19.4% |
| Profit (loss) for the period | 9904 | €13,054 | €9,480 | -€3,574 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,054 | €9,480 | -€3,574 | -27.4% |
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 29 September 2026 via checked.be.