MAPZ: what changed
Two fiscal 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.
MAPZ
Largest movements
- Receivables after one year +€30,680
new in 2025: €30,680
- Receivables within one year +€5,892
up €5,892 (+16.8%), from €35,125 to €41,018
- Tangible fixed assets -€3,255
down €3,255 (-75.7%), from €4,300 to €1,045
of which Furniture and vehicles: -€3,139
- Cash +€2,047
up €2,047 (+2.8%), from €73,096 to €75,143
mainly Net result for the year (+€46,778) and Depreciation (+€3,255)
- Profit (loss) carried forward +€46,778
up €46,778 (+77.4%), from €60,418 to €107,196
- Tax, wage and social debts -€11,543
down €11,543 (-40.5%), from €28,490 to €16,947
- Gross operating margin +€4,571
up €4,571 (+7.4%), from €61,903 to €66,474
- Taxes +€762
up €762 (+4.8%), from €16,035 to €16,797
- Financial income +€713
new in 2025: €713
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 | €112,696 | €148,403 | +€35,708 | +31.7% |
| Fixed assets | 21/28 | €4,300 | €1,045 | -€3,255 | -75.7% |
| Tangible fixed assets | 22/27 | €4,300 | €1,045 | -€3,255 | -75.7% |
| Plant, machinery and equipment | 23 | €371 | €255 | -€116 | -31.3% |
| Furniture and vehicles | 24 | €3,929 | €790 | -€3,139 | -79.9% |
| Current assets | 29/58 | €108,396 | €147,359 | +€38,963 | +35.9% |
| Amounts receivable after more than one year | 29 | - | €30,680 | +€30,680 | |
| Other amounts receivable | 291 | - | €30,680 | +€30,680 | |
| Amounts receivable within one year | 40/41 | €35,125 | €41,018 | +€5,892 | +16.8% |
| Trade receivables | 40 | €35,125 | €41,018 | +€5,892 | +16.8% |
| Cash at bank and in hand | 54/58 | €73,096 | €75,143 | +€2,047 | +2.8% |
| Deferred charges and accrued income | 490/1 | €174 | €518 | +€344 | +197.6% |
| Total equity and liabilities | 10/49 | €112,696 | €148,403 | +€35,708 | +31.7% |
| Equity | 10/15 | €81,668 | €128,446 | +€46,778 | +57.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,250 | €18,250 | = | 0.0% |
| Distributable reserves | 133 | €18,250 | €18,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,418 | €107,196 | +€46,778 | +77.4% |
| Amounts payable | 17/49 | €31,028 | €19,958 | -€11,070 | -35.7% |
| Amounts payable within one year | 42/48 | €31,028 | €19,958 | -€11,070 | -35.7% |
| Trade debts | 44 | €620 | €1,039 | +€419 | +67.6% |
| Suppliers | 440/4 | €620 | €1,039 | +€419 | +67.6% |
| Taxes, remuneration and social security | 45 | €28,490 | €16,947 | -€11,543 | -40.5% |
| Taxes | 450/3 | €28,490 | €16,947 | -€11,543 | -40.5% |
| Other amounts payable | 47/48 | €1,919 | €1,972 | +€54 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,368 | €3,255 | -€113 | -3.4% |
| Other operating charges | 640/8 | €293 | €244 | -€49 | -16.7% |
| Gross operating margin | 9900 | €61,903 | €66,474 | +€4,571 | +7.4% |
| Operating profit (loss) | 9901 | €58,241 | €62,974 | +€4,733 | +8.1% |
| Financial income | 75/76B | - | €713 | +€713 | |
| Recurring financial income | 75 | - | €713 | +€713 | |
| Financial charges | 65/66B | €59 | €113 | +€53 | +89.8% |
| Recurring financial charges | 65 | €59 | €113 | +€53 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | €58,182 | €63,575 | +€5,393 | +9.3% |
| Income taxes | 67/77 | €16,035 | €16,797 | +€762 | +4.8% |
| Profit (loss) for the period | 9904 | €42,147 | €46,778 | +€4,631 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,147 | €46,778 | +€4,631 | +11.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.