MAPAS: what changed
What changed
MAPAS
filed annual accounts (NBB)
Net result for the year
-€2,499
2024 · -€1,740-€758
Equity
€176,891
2024 · €179,390-€2,499
Cash
€1,298
2024 · €271+€1,027
Balance sheet total
€397,074
2024 · €408,646-€11,571
Largest movements
Assets
- Tangible fixed assets -€12,599
down €12,599 (-3.1%), from €408,375 to €395,776
Equity and liabilities
- Debts after one year -€12,827
down €12,827 (-11.2%), from €114,066 to €101,239
- Other debts +€5,986
up €5,986 (+17.0%), from €35,247 to €41,233
- Reserves -€4,515
down €4,515 (-3.1%), from €145,671 to €141,156
Income statement
- Gross operating margin -€1,039
down €1,039 (-8.7%), from €11,965 to €10,926
- Other operating charges -€407
down €407 (-25.2%), from €1,617 to €1,210
- Depreciation +€126
up €126 (+1.0%), from €12,473 to €12,599
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
-€1,740
Gross operating margin
-€1,039
Depreciation
-€126
Other operating charges
+€407
Financial charges
-€1
Result 2025
-€2,499
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
+€13,761
Investment
€0
Financing
-€12,734
Cash 2024
€271
From operations (derived)
+€13,761
Net result for the year
-€2,499
Depreciation
+€12,599
Provisions
-€2,325
Other debts
+€5,986
Financing
-€12,734
Debts after one year
-€12,827
Current portion of long-term debt
+€93
Cash 2025
€1,298
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €408,646 | €397,074 | -€11,571 | -2.8% |
| Fixed assets | 21/28 | €408,375 | €395,776 | -€12,599 | -3.1% |
| Tangible fixed assets | 22/27 | €408,375 | €395,776 | -€12,599 | -3.1% |
| Land and buildings | 22 | €408,375 | €395,776 | -€12,599 | -3.1% |
| Current assets | 29/58 | €271 | €1,298 | +€1,027 | +379% |
| Cash at bank and in hand | 54/58 | €271 | €1,298 | +€1,027 | +379% |
| Total equity and liabilities | 10/49 | €408,646 | €397,074 | -€11,571 | -2.8% |
| Equity | 10/15 | €179,390 | €176,891 | -€2,499 | -1.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €145,671 | €141,156 | -€4,515 | -3.1% |
| Tax-exempt reserves | 132 | €145,671 | €141,156 | -€4,515 | -3.1% |
| Profit (loss) carried forward | 14 | -€28,255 | -€26,238 | +€2,016 | +7.1% |
| Provisions and deferred taxes | 16 | €75,009 | €72,684 | -€2,325 | -3.1% |
| Deferred taxes | 168 | €75,009 | €72,684 | -€2,325 | -3.1% |
| Amounts payable | 17/49 | €154,247 | €147,499 | -€6,748 | -4.4% |
| Amounts payable after more than one year | 17 | €114,066 | €101,239 | -€12,827 | -11.2% |
| Financial debts | 170/4 | €114,066 | €101,239 | -€12,827 | -11.2% |
| Amounts payable within one year | 42/48 | €40,181 | €46,260 | +€6,079 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €4,934 | €5,027 | +€93 | +1.9% |
| Other amounts payable | 47/48 | €35,247 | €41,233 | +€5,986 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,473 | €12,599 | +€126 | +1.0% |
| Other operating charges | 640/8 | €1,617 | €1,210 | -€407 | -25.2% |
| Gross operating margin | 9900 | €11,965 | €10,926 | -€1,039 | -8.7% |
| Operating profit (loss) | 9901 | -€2,124 | -€2,882 | -€758 | -35.7% |
| Financial charges | 65/66B | €1,941 | €1,942 | +€1 | 0.0% |
| Recurring financial charges | 65 | €1,941 | €1,942 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,065 | -€4,824 | -€758 | -18.7% |
| Transfer from deferred taxes | 780 | €2,325 | €2,325 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,740 | -€2,499 | -€758 | -43.6% |
| Transfer from tax-exempt reserves | 789 | €4,515 | €4,515 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,775 | €2,016 | -€758 | -27.3% |
Next steps
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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 2 November 2026 via checked.be.