Mapwave: 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.
Mapwave
Largest movements
- Cash -€59,342
down €59,342 (-43.8%), from €135,418 to €76,076
mainly Contributions, distributions and other (-€90,583) and Receivables within one year (-€40,668)
- Receivables within one year +€40,668
up €40,668 (+197.6%), from €20,577 to €61,245
of which Trade receivables: +€40,376
- Financial fixed assets -€8,173
down €8,173 (-74.6%), from €10,950 to €2,777
- Deferred charges and accrued income +€6,145
up €6,145 (+23.6%), from €25,991 to €32,136
- Reserves -€81,651
down €81,651 (-92.2%), from €88,583 to €6,932
- Other debts +€77,296
up €77,296 (+317958.9%), from €24 to €77,320
- Trade debts -€31,900
down €31,900 (-35.5%), from €89,817 to €57,917
- Tax, wage and social debts +€15,850
up €15,850 (+144.2%), from €10,992 to €26,841
of which Remuneration and social security: +€8,269
- Staff costs +€35,310
up €35,310 (+249.1%), from €14,173 to €49,482
- Taxes -€7,433
down €7,433 (-69.9%), from €10,626 to €3,193
- Gross operating margin -€2,774
down €2,774 (-4.2%), from €66,611 to €63,836
- Financial charges +€930
up €930 (+172.4%), from €539 to €1,469
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 | €192,935 | €173,101 | -€19,835 | -10.3% |
| Fixed assets | 21/28 | €10,950 | €3,644 | -€7,307 | -66.7% |
| Tangible fixed assets | 22/27 | - | €867 | +€867 | |
| Plant, machinery and equipment | 23 | - | €867 | +€867 | |
| Financial fixed assets | 28 | €10,950 | €2,777 | -€8,173 | -74.6% |
| Current assets | 29/58 | €181,985 | €169,457 | -€12,528 | -6.9% |
| Amounts receivable within one year | 40/41 | €20,577 | €61,245 | +€40,668 | +197.6% |
| Trade receivables | 40 | €19,682 | €60,058 | +€40,376 | +205.1% |
| Other amounts receivable | 41 | €894 | €1,187 | +€292 | +32.7% |
| Cash at bank and in hand | 54/58 | €135,418 | €76,076 | -€59,342 | -43.8% |
| Deferred charges and accrued income | 490/1 | €25,991 | €32,136 | +€6,145 | +23.6% |
| Total equity and liabilities | 10/49 | €192,935 | €173,101 | -€19,835 | -10.3% |
| Equity | 10/15 | €91,583 | €9,932 | -€81,651 | -89.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €88,583 | €6,932 | -€81,651 | -92.2% |
| Distributable reserves | 133 | €88,583 | €6,932 | -€81,651 | -92.2% |
| Amounts payable | 17/49 | €101,352 | €163,169 | +€61,817 | +61.0% |
| Amounts payable within one year | 42/48 | €101,352 | €163,169 | +€61,817 | +61.0% |
| Financial debts | 43 | €519 | €1,090 | +€572 | +110.2% |
| Credit institutions | 430/8 | €519 | €1,090 | +€572 | +110.2% |
| Trade debts | 44 | €89,817 | €57,917 | -€31,900 | -35.5% |
| Suppliers | 440/4 | €89,817 | €57,917 | -€31,900 | -35.5% |
| Taxes, remuneration and social security | 45 | €10,992 | €26,841 | +€15,850 | +144.2% |
| Taxes | 450/3 | €7,298 | €14,879 | +€7,581 | +103.9% |
| Remuneration and social security | 454/9 | €3,694 | €11,963 | +€8,269 | +223.8% |
| Other amounts payable | 47/48 | €24 | €77,320 | +€77,296 | +317958.9% |
| Remuneration, social security and pensions | 62 | €14,173 | €49,482 | +€35,310 | +249.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €271 | +€271 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €66,611 | €63,836 | -€2,774 | -4.2% |
| Operating profit (loss) | 9901 | €51,933 | €13,563 | -€38,370 | -73.9% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €539 | €1,469 | +€930 | +172.4% |
| Recurring financial charges | 65 | €539 | €1,469 | +€930 | +172.4% |
| Profit (loss) for the period before taxes | 9903 | €51,393 | €12,125 | -€39,268 | -76.4% |
| Income taxes | 67/77 | €10,626 | €3,193 | -€7,433 | -69.9% |
| Profit (loss) for the period | 9904 | €40,767 | €8,932 | -€31,835 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,767 | €8,932 | -€31,835 | -78.1% |
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 11 October 2026 via checked.be.