Mapada: what changed
What changed
Mapada
filed annual accounts (NBB)
Net result for the year
€1,119
2024 · €37,969-€36,850
Equity
€322,900
2024 · €321,781+€1,119
Cash
€25,371
2024 · €40,126-€14,755
Balance sheet total
€470,111
2024 · €491,605-€21,494
Largest movements
Assets
- Tangible fixed assets -€15,323
down €15,323 (-4.4%), from €344,392 to €329,069
of which Land and buildings: -€14,903
- Cash -€14,755
down €14,755 (-36.8%), from €40,126 to €25,371
mainly Other debts (-€18,269) and Investment in fixed assets (net) (-€8,189)
- Receivables within one year +€7,300
new in 2025: €7,300
Equity and liabilities
- Other debts -€18,269
down €18,269 (-18.6%), from €98,054 to €79,785
- Debts after one year -€7,271
down €7,271 (-92.1%), from €7,891 to €620
- Trade debts +€5,823
up €5,823 (+1,040%), from €560 to €6,383
Income statement
- Gross operating margin -€41,067
down €41,067 (-48.8%), from €84,080 to €43,013
- Taxes -€5,986
down €5,986 (-95.3%), from €6,284 to €298
- Financial charges -€2,515
down €2,515 (-26.3%), from €9,553 to €7,038
- Provisions +€2,503
up €2,503 (+70.8%), from -€3,537 to -€1,034
- Depreciation +€1,503
up €1,503 (+6.8%), from €22,010 to €23,512
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.
Result 2024
€37,969
Gross operating margin
-€41,067
Depreciation
-€1,503
Provisions
-€2,503
Other operating charges
-€424
Financial income
+€147
Financial charges
+€2,515
Taxes
+€5,986
Result 2025
€1,119
raises the resultlowers the result
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.
From operations
+€399
Investment
-€8,189
Financing
-€6,965
Cash 2024
€40,126
From operations (derived)
+€399
Net result for the year
+€1,119
Depreciation
+€23,512
Receivables within one year
-€7,300
Deferred charges and accrued income
-€1,284
Provisions
-€2,529
Trade debts
+€5,823
Tax, wage and social debts
-€673
Other debts
-€18,269
Investment (derived)
-€8,189
Investment in fixed assets (net)
-€8,189
Financing
-€6,965
Debts after one year
-€7,271
Current portion of long-term debt
+€306
Cash 2025
€25,371
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,605 | €470,111 | -€21,494 | -4.4% |
| Fixed assets | 21/28 | €344,912 | €329,589 | -€15,323 | -4.4% |
| Tangible fixed assets | 22/27 | €344,392 | €329,069 | -€15,323 | -4.4% |
| Land and buildings | 22 | €335,439 | €320,536 | -€14,903 | -4.4% |
| Plant, machinery and equipment | 23 | €1,284 | €936 | -€348 | -27.1% |
| Furniture and vehicles | 24 | €7,669 | €7,597 | -€72 | -0.9% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €146,693 | €140,522 | -€6,171 | -4.2% |
| Amounts receivable within one year | 40/41 | - | €7,300 | +€7,300 | |
| Other amounts receivable | 41 | - | €7,300 | +€7,300 | |
| Current investments | 50/53 | €106,567 | €106,567 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,126 | €25,371 | -€14,755 | -36.8% |
| Deferred charges and accrued income | 490/1 | - | €1,284 | +€1,284 | |
| Total equity and liabilities | 10/49 | €491,605 | €470,111 | -€21,494 | -4.4% |
| Equity | 10/15 | €321,781 | €322,900 | +€1,119 | +0.3% |
| Contributions | 10/11 | €322,262 | €322,262 | = | 0.0% |
| Capital | 10 | €322,262 | €322,262 | = | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | = | 0.0% |
| Reserves | 13 | €17,420 | €14,517 | -€2,903 | -16.7% |
| Tax-exempt reserves | 132 | €17,420 | €14,517 | -€2,903 | -16.7% |
| Profit (loss) carried forward | 14 | -€17,901 | -€13,878 | +€4,022 | +22.5% |
| Provisions and deferred taxes | 16 | €53,538 | €51,009 | -€2,529 | -4.7% |
| Provisions for liabilities and charges | 160/5 | €44,568 | €43,534 | -€1,034 | -2.3% |
| Environmental obligations | 163 | €44,568 | €43,534 | -€1,034 | -2.3% |
| Deferred taxes | 168 | €8,970 | €7,475 | -€1,495 | -16.7% |
| Amounts payable | 17/49 | €116,286 | €96,202 | -€20,084 | -17.3% |
| Amounts payable after more than one year | 17 | €7,891 | €620 | -€7,271 | -92.1% |
| Financial debts | 170/4 | €7,891 | €620 | -€7,271 | -92.1% |
| Amounts payable within one year | 42/48 | €108,395 | €95,582 | -€12,813 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €6,965 | €7,271 | +€306 | +4.4% |
| Trade debts | 44 | €560 | €6,383 | +€5,823 | +1,040% |
| Suppliers | 440/4 | €560 | €6,383 | +€5,823 | +1,040% |
| Taxes, remuneration and social security | 45 | €2,816 | €2,143 | -€673 | -23.9% |
| Taxes | 450/3 | €2,816 | €2,143 | -€673 | -23.9% |
| Other amounts payable | 47/48 | €98,054 | €79,785 | -€18,269 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,010 | €23,512 | +€1,503 | +6.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,537 | -€1,034 | +€2,503 | +70.8% |
| Other operating charges | 640/8 | €13,507 | €13,931 | +€424 | +3.1% |
| Gross operating margin | 9900 | €84,080 | €43,013 | -€41,067 | -48.8% |
| Operating profit (loss) | 9901 | €52,100 | €6,603 | -€45,498 | -87.3% |
| Financial income | 75/76B | €210 | €357 | +€147 | +70.0% |
| Recurring financial income | 75 | €210 | €357 | +€147 | +70.0% |
| Financial charges | 65/66B | €9,553 | €7,038 | -€2,515 | -26.3% |
| Recurring financial charges | 65 | €9,553 | €7,038 | -€2,515 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €42,757 | -€78 | -€42,836 | |
| Transfer from deferred taxes | 780 | €1,495 | €1,495 | = | 0.0% |
| Income taxes | 67/77 | €6,284 | €298 | -€5,986 | -95.3% |
| Profit (loss) for the period | 9904 | €37,969 | €1,119 | -€36,850 | -97.1% |
| Transfer from tax-exempt reserves | 789 | €2,903 | €2,903 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,872 | €4,022 | -€36,850 | -90.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 8 November 2026 via checked.be.