MAUPITI: 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.
MAUPITI
Largest movements
- Receivables after one year +€620,000
new in 2025: €620,000
- Financial fixed assets +€40,623
up €40,623 (+287%), from €14,143 to €54,766
- Deferred charges and accrued income +€12,358
new in 2025: €12,358
- Profit (loss) carried forward +€676,318
up €676,318 (+637%), from €106,123 to €782,441
- Financial income +€613,451
new in 2025: €613,451
- Gross operating margin +€26,178
up €26,178 (+22.0%), from €118,824 to €145,002
- Staff costs +€17,204
up €17,204 (+38.2%), from €44,983 to €62,187
- Taxes +€4,619
up €4,619 (+30.6%), from €15,100 to €19,719
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.
Derived cash bridge
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 | €130,764 | €808,521 | +€677,758 | +518% |
| Fixed assets | 21/28 | €14,143 | €56,980 | +€42,837 | +303% |
| Tangible fixed assets | 22/27 | - | €2,214 | +€2,214 | |
| Furniture and vehicles | 24 | - | €2,214 | +€2,214 | |
| Financial fixed assets | 28 | €14,143 | €54,766 | +€40,623 | +287% |
| Current assets | 29/58 | €116,620 | €751,542 | +€634,921 | +544% |
| Amounts receivable after more than one year | 29 | - | €620,000 | +€620,000 | |
| Other amounts receivable | 291 | - | €620,000 | +€620,000 | |
| Amounts receivable within one year | 40/41 | €21,969 | €19,856 | -€2,113 | -9.6% |
| Trade receivables | 40 | €21,281 | €14,187 | -€7,094 | -33.3% |
| Other amounts receivable | 41 | €688 | €5,669 | +€4,981 | +724% |
| Cash at bank and in hand | 54/58 | €94,651 | €99,328 | +€4,676 | +4.9% |
| Deferred charges and accrued income | 490/1 | - | €12,358 | +€12,358 | |
| Total equity and liabilities | 10/49 | €130,764 | €808,521 | +€677,758 | +518% |
| Equity | 10/15 | €116,123 | €792,441 | +€676,318 | +582% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,123 | €782,441 | +€676,318 | +637% |
| Amounts payable | 17/49 | €14,640 | €16,081 | +€1,440 | +9.8% |
| Amounts payable within one year | 42/48 | €14,640 | €16,081 | +€1,440 | +9.8% |
| Trade debts | 44 | €1,885 | €2,810 | +€925 | +49.1% |
| Suppliers | 440/4 | €1,885 | €2,810 | +€925 | +49.1% |
| Taxes, remuneration and social security | 45 | €12,755 | €13,271 | +€515 | +4.0% |
| Taxes | 450/3 | €8,974 | €6,779 | -€2,194 | -24.5% |
| Remuneration and social security | 454/9 | €3,782 | €6,491 | +€2,710 | +71.7% |
| Remuneration, social security and pensions | 62 | €44,983 | €62,187 | +€17,204 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €124 | +€124 | |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €118,824 | €145,002 | +€26,178 | +22.0% |
| Operating profit (loss) | 9901 | €73,777 | €82,626 | +€8,849 | +12.0% |
| Financial income | 75/76B | - | €613,451 | +€613,451 | |
| Recurring financial income | 75 | - | €613,451 | +€613,451 | |
| Financial charges | 65/66B | €42 | €40 | -€1 | -2.8% |
| Recurring financial charges | 65 | €42 | €40 | -€1 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €73,736 | €696,036 | +€622,300 | +844% |
| Income taxes | 67/77 | €15,100 | €19,719 | +€4,619 | +30.6% |
| Profit (loss) for the period | 9904 | €58,636 | €676,318 | +€617,681 | +1,053% |
| Profit (loss) for the period to be appropriated | 9905 | €58,636 | €676,318 | +€617,681 | +1,053% |
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 21 October 2026 via checked.be.