MAPUM: what changed
MAPUM
Largest movements
- Cash +€4,481
up €4,481 (+10.6%), from €42,461 to €46,943
mainly Depreciation (+€3,311) and Tax, wage and social debts (+€859)
- Tangible fixed assets -€3,311
down €3,311 (-11.6%), from €28,641 to €25,330
of which Land and buildings: -€2,934
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€2,341
no longer reported in 2025 (was €2,341)
- Taxes +€423
up €423 (+28.2%), from €1,500 to €1,923
- Gross operating margin -€281
down €281 (-3.1%), from €9,109 to €8,829
- Other operating charges -€120
down €120 (-4.2%), from €2,884 to €2,764
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,611 | €166,782 | +€1,171 | +0.7% |
| Fixed assets | 21/28 | €28,641 | €25,330 | -€3,311 | -11.6% |
| Tangible fixed assets | 22/27 | €28,641 | €25,330 | -€3,311 | -11.6% |
| Land and buildings | 22 | €28,264 | €25,330 | -€2,934 | -10.4% |
| Plant, machinery and equipment | 23 | €377 | - | -€377 | |
| Current assets | 29/58 | €136,971 | €141,452 | +€4,481 | +3.3% |
| Amounts receivable within one year | 40/41 | €94,509 | €94,509 | = | 0.0% |
| Trade receivables | 40 | €74,536 | €74,536 | = | 0.0% |
| Other amounts receivable | 41 | €19,973 | €19,973 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,461 | €46,943 | +€4,481 | +10.6% |
| Total equity and liabilities | 10/49 | €165,611 | €166,782 | +€1,171 | +0.7% |
| Equity | 10/15 | €123,019 | €123,715 | +€696 | +0.6% |
| Contributions | 10/11 | €183,441 | €183,441 | = | 0.0% |
| Capital | 10 | €183,441 | €183,441 | = | 0.0% |
| Issued capital | 100 | €183,441 | €183,441 | = | 0.0% |
| Reserves | 13 | €5,073 | €5,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,073 | €5,073 | = | 0.0% |
| Legal reserve | 130 | €5,073 | €5,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,495 | -€64,799 | +€696 | +1.1% |
| Amounts payable | 17/49 | €42,592 | €43,067 | +€474 | +1.1% |
| Amounts payable within one year | 42/48 | €42,592 | €43,067 | +€474 | +1.1% |
| Trade debts | 44 | €2,884 | €2,500 | -€384 | -13.3% |
| Suppliers | 440/4 | €2,884 | €2,500 | -€384 | -13.3% |
| Taxes, remuneration and social security | 45 | €2,250 | €3,109 | +€859 | +38.2% |
| Taxes | 450/3 | €2,250 | €3,109 | +€859 | +38.2% |
| Other amounts payable | 47/48 | €37,458 | €37,458 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,346 | €3,311 | -€35 | -1.0% |
| Other operating charges | 640/8 | €2,884 | €2,764 | -€120 | -4.2% |
| Gross operating margin | 9900 | €9,109 | €8,829 | -€281 | -3.1% |
| Operating profit (loss) | 9901 | €2,879 | €2,754 | -€126 | -4.4% |
| Financial income | 75/76B | €2,341 | - | -€2,341 | |
| Recurring financial income | 75 | €2,341 | - | -€2,341 | |
| Financial charges | 65/66B | €51 | €135 | +€84 | +166% |
| Recurring financial charges | 65 | €51 | €135 | +€84 | +166% |
| Profit (loss) for the period before taxes | 9903 | €5,170 | €2,619 | -€2,551 | -49.3% |
| Income taxes | 67/77 | €1,500 | €1,923 | +€423 | +28.2% |
| Profit (loss) for the period | 9904 | €3,670 | €696 | -€2,974 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,670 | €696 | -€2,974 | -81.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.