MARIPOSA: 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.
MARIPOSA
Largest movements
- Financial fixed assets +€800,000
new in 2025: €800,000
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Cash -€13,608
down €13,608 (-80.3%), from €16,942 to €3,333
mainly Investment in fixed assets (net) (-€800,000) and Contributions, distributions and other (-€121,010)
- Receivables within one year -€12,493
down €12,493 (-60.9%), from €20,498 to €8,004
of which Other amounts receivable: -€9,141
- Debts after one year +€344,665
up €344,665 (+142.4%), from €242,077 to €586,743
of which Financial debts: +€312,544
- Other debts +€82,000
up €82,000 (+738.7%), from €11,100 to €93,100
- Contributions -€78,550
no longer reported in 2025 (was €78,550)
- Current portion of long-term debt +€45,172
up €45,172 (+217.4%), from €20,779 to €65,951
- Reserves -€18,860
down €18,860 (-5.8%), from €323,150 to €304,290
- Taxes -€102,676
down €102,676 (-91.5%), from €112,205 to €9,529
- Gross operating margin -€50,725
down €50,725 (-46.4%), from €109,270 to €58,545
- Depreciation -€7,098
down €7,098 (-91.8%), from €7,729 to €632
- Financial charges +€5,832
up €5,832 (+32.3%), from €18,061 to €23,893
- Other operating charges -€2,681
down €2,681 (-38.1%), from €7,041 to €4,360
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 | €693,718 | €1,066,985 | +€373,267 | +53.8% |
| Fixed assets | 21/28 | €254,515 | €1,053,883 | +€799,368 | +314.1% |
| Tangible fixed assets | 22/27 | €254,515 | €253,883 | -€632 | -0.2% |
| Land and buildings | 22 | €254,515 | €253,883 | -€632 | -0.2% |
| Financial fixed assets | 28 | - | €800,000 | +€800,000 | |
| Current assets | 29/58 | €439,204 | €13,102 | -€426,102 | -97.0% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Amounts receivable within one year | 40/41 | €20,498 | €8,004 | -€12,493 | -60.9% |
| Trade receivables | 40 | €7,135 | €3,783 | -€3,352 | -47.0% |
| Other amounts receivable | 41 | €13,363 | €4,222 | -€9,141 | -68.4% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €16,942 | €3,333 | -€13,608 | -80.3% |
| Deferred charges and accrued income | 490/1 | €1,764 | €1,764 | = | 0.0% |
| Total equity and liabilities | 10/49 | €693,718 | €1,066,985 | +€373,267 | +53.8% |
| Equity | 10/15 | €401,755 | €304,432 | -€97,322 | -24.2% |
| Contributions | 10/11 | €78,550 | - | -€78,550 | |
| Reserves | 13 | €323,150 | €304,290 | -€18,860 | -5.8% |
| Distributable reserves | 133 | €323,150 | €304,290 | -€18,860 | -5.8% |
| Profit (loss) carried forward | 14 | €55 | €142 | +€88 | +160.3% |
| Amounts payable | 17/49 | €291,964 | €762,553 | +€470,589 | +161.2% |
| Amounts payable after more than one year | 17 | €242,077 | €586,743 | +€344,665 | +142.4% |
| Financial debts | 170/4 | €180,435 | €492,979 | +€312,544 | +173.2% |
| Other amounts payable | 178/9 | €61,642 | €93,764 | +€32,122 | +52.1% |
| Amounts payable within one year | 42/48 | €41,855 | €171,720 | +€129,864 | +310.3% |
| Current portion of amounts payable after more than one year | 42 | €20,779 | €65,951 | +€45,172 | +217.4% |
| Trade debts | 44 | €715 | €1,385 | +€670 | +93.7% |
| Suppliers | 440/4 | €715 | €1,385 | +€670 | +93.7% |
| Taxes, remuneration and social security | 45 | €9,261 | €11,284 | +€2,022 | +21.8% |
| Taxes | 450/3 | €9,261 | €11,284 | +€2,022 | +21.8% |
| Other amounts payable | 47/48 | €11,100 | €93,100 | +€82,000 | +738.7% |
| Accrued charges and deferred income | 492/3 | €8,031 | €4,090 | -€3,941 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,729 | €632 | -€7,098 | -91.8% |
| Other operating charges | 640/8 | €7,041 | €4,360 | -€2,681 | -38.1% |
| Gross operating margin | 9900 | €109,270 | €58,545 | -€50,725 | -46.4% |
| Operating profit (loss) | 9901 | €94,500 | €53,554 | -€40,946 | -43.3% |
| Financial income | 75/76B | €2,667 | €3,555 | +€889 | +33.3% |
| Recurring financial income | 75 | €2,667 | €3,555 | +€889 | +33.3% |
| Financial charges | 65/66B | €18,061 | €23,893 | +€5,832 | +32.3% |
| Recurring financial charges | 65 | €18,061 | €23,893 | +€5,832 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €79,106 | €33,217 | -€45,889 | -58.0% |
| Transfer from deferred taxes | 780 | €71,548 | - | -€71,548 | |
| Income taxes | 67/77 | €112,205 | €9,529 | -€102,676 | -91.5% |
| Profit (loss) for the period | 9904 | €38,448 | €23,688 | -€14,760 | -38.4% |
| Transfer from tax-exempt reserves | 789 | €214,643 | - | -€214,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €253,091 | €23,688 | -€229,403 | -90.6% |
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.