MAPROCON: 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.
MAPROCON
Largest movements
- Receivables within one year +€29,855
up €29,855 (+42.3%), from €70,583 to €100,438
of which Other amounts receivable: +€26,757
- Other debts +€20,010
up €20,010 (+68.0%), from €29,412 to €49,422
- Tax, wage and social debts +€4,117
up €4,117 (+298%), from €1,381 to €5,498
- Current portion of long-term debt +€4,007
up €4,007 (+27.4%), from €14,632 to €18,639
- Short-term financial debts +€2,524
up €2,524 (+21.5%), from €11,736 to €14,260
- Financial income +€15,034
up €15,034 (+512%), from €2,934 to €17,968
of which Non-recurring financial income: +€17,235
- Gross operating margin -€12,674
down €12,674 (-16.9%), from €74,995 to €62,321
- Taxes -€2,572
down €2,572 (-13.7%), from €18,759 to €16,187
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 | €109,156 | €140,167 | +€31,011 | +28.4% |
| Fixed assets | 21/28 | €38,573 | €39,138 | +€565 | +1.5% |
| Tangible fixed assets | 22/27 | €38,573 | €39,138 | +€565 | +1.5% |
| Plant, machinery and equipment | 23 | €35,470 | €29,510 | -€5,961 | -16.8% |
| Furniture and vehicles | 24 | €3,102 | €9,628 | +€6,526 | +210% |
| Current assets | 29/58 | €70,583 | €101,029 | +€30,446 | +43.1% |
| Amounts receivable within one year | 40/41 | €70,583 | €100,438 | +€29,855 | +42.3% |
| Trade receivables | 40 | €12,390 | €15,488 | +€3,098 | +25.0% |
| Other amounts receivable | 41 | €58,193 | €84,950 | +€26,757 | +46.0% |
| Cash at bank and in hand | 54/58 | - | €40 | +€40 | |
| Deferred charges and accrued income | 490/1 | - | €551 | +€551 | |
| Total equity and liabilities | 10/49 | €109,156 | €140,167 | +€31,011 | +28.4% |
| Equity | 10/15 | €49,393 | €49,393 | = | 0.0% |
| Contributions | 10/11 | €8,955 | €8,955 | = | 0.0% |
| Reserves | 13 | €24,645 | €24,645 | = | 0.0% |
| Distributable reserves | 133 | €24,645 | €24,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,793 | €15,793 | = | 0.0% |
| Amounts payable | 17/49 | €59,762 | €90,773 | +€31,011 | +51.9% |
| Amounts payable within one year | 42/48 | €59,762 | €90,773 | +€31,011 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €14,632 | €18,639 | +€4,007 | +27.4% |
| Financial debts | 43 | €11,736 | €14,260 | +€2,524 | +21.5% |
| Credit institutions | 430/8 | €11,736 | €14,260 | +€2,524 | +21.5% |
| Trade debts | 44 | €2,601 | €2,955 | +€354 | +13.6% |
| Suppliers | 440/4 | €2,601 | €2,955 | +€354 | +13.6% |
| Taxes, remuneration and social security | 45 | €1,381 | €5,498 | +€4,117 | +298% |
| Taxes | 450/3 | €1,381 | €5,498 | +€4,117 | +298% |
| Other amounts payable | 47/48 | €29,412 | €49,422 | +€20,010 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,278 | €8,957 | -€321 | -3.5% |
| Other operating charges | 640/8 | €1,134 | €1,500 | +€366 | +32.3% |
| Gross operating margin | 9900 | €74,995 | €62,321 | -€12,674 | -16.9% |
| Operating profit (loss) | 9901 | €64,583 | €51,864 | -€12,719 | -19.7% |
| Financial income | 75/76B | €2,934 | €17,968 | +€15,034 | +512% |
| Recurring financial income | 75 | €2,934 | €733 | -€2,201 | -75.0% |
| Non-recurring financial income | 76B | - | €17,235 | +€17,235 | |
| Financial charges | 65/66B | €3,553 | €4,223 | +€671 | +18.9% |
| Recurring financial charges | 65 | €3,553 | €4,223 | +€671 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €63,964 | €65,608 | +€1,645 | +2.6% |
| Income taxes | 67/77 | €18,759 | €16,187 | -€2,572 | -13.7% |
| Profit (loss) for the period | 9904 | €45,205 | €49,422 | +€4,217 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,205 | €49,422 | +€4,217 | +9.3% |
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 22 October 2026 via checked.be.