MAPRO: 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.
MAPRO
Largest movements
- Cash +€29,064
up €29,064 (+96.7%), from €30,058 to €59,122
mainly Net result for the year (+€35,116) and Tax, wage and social debts (+€18,052)
- Receivables within one year +€15,288
up €15,288 (+50.5%), from €30,297 to €45,585
of which Other amounts receivable: +€8,899
- Tangible fixed assets -€3,413
down €3,413 (-2.9%), from €116,523 to €113,110
of which Furniture and vehicles: -€2,333
- Reserves +€35,116
up €35,116 (+84.8%), from €41,399 to €76,515
of which Distributable reserves: +€35,116
- Tax, wage and social debts +€18,052
up €18,052 (+228%), from €7,923 to €25,974
- Other debts -€14,304
no longer reported in 2025 (was €14,304)
- Trade debts +€3,531
up €3,531 (+126%), from €2,797 to €6,328
- Gross operating margin +€33,545
up €33,545 (+136%), from €24,596 to €58,140
- Taxes +€12,594
up €12,594 (+259%), from €4,864 to €17,458
- Financial income -€3,733
down €3,733 (-71.4%), from €5,231 to €1,498
of which Financial income: -€2,151
- Other operating charges -€1,080
down €1,080 (-49.3%), from €2,192 to €1,112
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 | €278,819 | €320,817 | +€41,997 | +15.1% |
| Fixed assets | 21/28 | €116,523 | €113,110 | -€3,413 | -2.9% |
| Tangible fixed assets | 22/27 | €116,523 | €113,110 | -€3,413 | -2.9% |
| Land and buildings | 22 | €56,156 | €55,076 | -€1,080 | -1.9% |
| Furniture and vehicles | 24 | €60,367 | €58,034 | -€2,333 | -3.9% |
| Current assets | 29/58 | €162,296 | €207,707 | +€45,410 | +28.0% |
| Stocks and contracts in progress | 3 | €765 | - | -€765 | |
| Stocks | 30/36 | €765 | - | -€765 | |
| Amounts receivable within one year | 40/41 | €30,297 | €45,585 | +€15,288 | +50.5% |
| Trade receivables | 40 | €3,194 | €9,583 | +€6,389 | +200% |
| Other amounts receivable | 41 | €27,103 | €36,001 | +€8,899 | +32.8% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,058 | €59,122 | +€29,064 | +96.7% |
| Deferred charges and accrued income | 490/1 | €1,177 | €3,000 | +€1,823 | +155% |
| Total equity and liabilities | 10/49 | €278,819 | €320,817 | +€41,997 | +15.1% |
| Equity | 10/15 | €253,399 | €288,515 | +€35,116 | +13.9% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €212,000 | €212,000 | = | 0.0% |
| Issued capital | 100 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €41,399 | €76,515 | +€35,116 | +84.8% |
| Non-distributable reserves | 130/1 | €21,200 | €21,200 | = | 0.0% |
| Legal reserve | 130 | €21,200 | €21,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €109 | €109 | = | 0.0% |
| Distributable reserves | 133 | €20,090 | €55,206 | +€35,116 | +175% |
| Amounts payable | 17/49 | €25,421 | €32,302 | +€6,881 | +27.1% |
| Amounts payable within one year | 42/48 | €25,023 | €32,302 | +€7,279 | +29.1% |
| Trade debts | 44 | €2,797 | €6,328 | +€3,531 | +126% |
| Suppliers | 440/4 | €2,797 | €6,328 | +€3,531 | +126% |
| Taxes, remuneration and social security | 45 | €7,923 | €25,974 | +€18,052 | +228% |
| Taxes | 450/3 | €7,923 | €25,974 | +€18,052 | +228% |
| Other amounts payable | 47/48 | €14,304 | - | -€14,304 | |
| Accrued charges and deferred income | 492/3 | €397 | - | -€397 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,874 | €5,657 | -€217 | -3.7% |
| Other operating charges | 640/8 | €2,192 | €1,112 | -€1,080 | -49.3% |
| Gross operating margin | 9900 | €24,596 | €58,140 | +€33,545 | +136% |
| Operating profit (loss) | 9901 | €16,529 | €51,371 | +€34,843 | +211% |
| Financial income | 75/76B | €5,231 | €1,498 | -€3,733 | -71.4% |
| Recurring financial income | 75 | €3,648 | €1,498 | -€2,151 | -59.0% |
| Non-recurring financial income | 76B | €1,583 | - | -€1,583 | |
| Financial charges | 65/66B | €392 | €295 | -€97 | -24.8% |
| Recurring financial charges | 65 | €392 | €295 | -€97 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €21,368 | €52,574 | +€31,207 | +146% |
| Income taxes | 67/77 | €4,864 | €17,458 | +€12,594 | +259% |
| Profit (loss) for the period | 9904 | €16,504 | €35,116 | +€18,612 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €16,504 | €35,116 | +€18,612 | +113% |
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 27 October 2026 via checked.be.