MAPULSE: 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.
MAPULSE
Largest movements
- Cash -€15,010
down €15,010 (-49.1%), from €30,552 to €15,541
mainly Trade debts (-€11,152) and Contributions, distributions and other (-€10,000)
- Receivables within one year +€9,946
up €9,946 (+2847.7%), from €349 to €10,295
of which Trade receivables: +€9,511
- Tangible fixed assets +€5,878
up €5,878 (+187.0%), from €3,143 to €9,022
of which Furniture and vehicles: +€7,550
- Trade debts -€11,152
down €11,152 (-93.8%), from €11,893 to €741
of which Bills of exchange payable: -€9,075
- Reserves +€10,000
up €10,000 (+84.3%), from €11,860 to €21,860
of which Tax-exempt reserves: +€10,000
- Profit (loss) carried forward +€8,250
up €8,250 (+14.8%), from €55,621 to €63,871
- Other debts -€5,520
down €5,520 (-23.0%), from €24,044 to €18,524
- Gross operating margin -€3,359
down €3,359 (-6.4%), from €52,458 to €49,099
- Taxes -€2,044
down €2,044 (-11.8%), from €17,266 to €15,223
- Depreciation +€1,937
up €1,937 (+130.5%), from €1,484 to €3,421
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 | €120,242 | €121,390 | +€1,148 | +1.0% |
| Fixed assets | 21/28 | €87,743 | €93,622 | +€5,878 | +6.7% |
| Tangible fixed assets | 22/27 | €3,143 | €9,022 | +€5,878 | +187.0% |
| Plant, machinery and equipment | 23 | €3,143 | €1,471 | -€1,672 | -53.2% |
| Furniture and vehicles | 24 | - | €7,550 | +€7,550 | |
| Financial fixed assets | 28 | €84,600 | €84,600 | = | 0.0% |
| Current assets | 29/58 | €32,498 | €27,768 | -€4,731 | -14.6% |
| Amounts receivable within one year | 40/41 | €349 | €10,295 | +€9,946 | +2847.7% |
| Trade receivables | 40 | - | €9,511 | +€9,511 | |
| Other amounts receivable | 41 | €349 | €784 | +€435 | +124.6% |
| Cash at bank and in hand | 54/58 | €30,552 | €15,541 | -€15,010 | -49.1% |
| Deferred charges and accrued income | 490/1 | €1,597 | €1,932 | +€334 | +20.9% |
| Total equity and liabilities | 10/49 | €120,242 | €121,390 | +€1,148 | +1.0% |
| Equity | 10/15 | €73,681 | €91,931 | +€18,250 | +24.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,860 | €21,860 | +€10,000 | +84.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Profit (loss) carried forward | 14 | €55,621 | €63,871 | +€8,250 | +14.8% |
| Amounts payable | 17/49 | €46,560 | €29,458 | -€17,102 | -36.7% |
| Amounts payable within one year | 42/48 | €46,560 | €29,458 | -€17,102 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €13 | - | -€13 | |
| Trade debts | 44 | €11,893 | €741 | -€11,152 | -93.8% |
| Suppliers | 440/4 | €2,818 | €741 | -€2,077 | -73.7% |
| Bills of exchange payable | 441 | €9,075 | - | -€9,075 | |
| Taxes, remuneration and social security | 45 | €10,610 | €10,194 | -€416 | -3.9% |
| Taxes | 450/3 | €10,610 | €10,194 | -€416 | -3.9% |
| Other amounts payable | 47/48 | €24,044 | €18,524 | -€5,520 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,484 | €3,421 | +€1,937 | +130.5% |
| Other operating charges | 640/8 | €384 | €309 | -€76 | -19.7% |
| Non-recurring operating charges | 66A | €4,931 | €1,028 | -€3,903 | -79.1% |
| Gross operating margin | 9900 | €52,458 | €49,099 | -€3,359 | -6.4% |
| Operating profit (loss) | 9901 | €45,658 | €44,341 | -€1,317 | -2.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €625 | €870 | +€245 | +39.2% |
| Recurring financial charges | 65 | €625 | €870 | +€245 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €45,033 | €43,473 | -€1,560 | -3.5% |
| Income taxes | 67/77 | €17,266 | €15,223 | -€2,044 | -11.8% |
| Profit (loss) for the period | 9904 | €27,767 | €28,250 | +€483 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,767 | €28,250 | +€483 | +1.7% |
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.