MAPI: what changed
MAPI
Largest movements
- Receivables within one year -€97,902
down €97,902 (-91.3%), from €107,197 to €9,295
of which Trade receivables: -€97,902
- Cash +€62,477
up €62,477 (+209%), from €29,902 to €92,379
mainly Receivables within one year (+€97,902) and Net result for the year (+€24,073)
- Tangible fixed assets -€1,676
down €1,676 (-7.1%), from €23,521 to €21,845
of which Other tangible fixed assets: -€1,676
- Other debts -€41,404
down €41,404 (-75.6%), from €54,748 to €13,344
- Profit (loss) carried forward +€24,073
up €24,073 (+34.8%), from €69,145 to €93,218
- Tax, wage and social debts -€8,404
down €8,404 (-45.5%), from €18,478 to €10,074
of which Taxes: -€8,404
- Current portion of long-term debt -€6,580
down €6,580 (-100%), from €6,580 to €0
- Trade debts -€4,679
down €4,679 (-84.7%), from €5,522 to €843
- Gross operating margin -€32,432
down €32,432 (-47.5%), from €68,310 to €35,878
- Taxes -€7,804
down €7,804 (-45.4%), from €17,180 to €9,376
- Depreciation -€6,942
down €6,942 (-80.5%), from €8,619 to €1,676
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,532 | €125,539 | -€36,993 | -22.8% |
| Fixed assets | 21/28 | €23,521 | €21,845 | -€1,676 | -7.1% |
| Tangible fixed assets | 22/27 | €23,521 | €21,845 | -€1,676 | -7.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €23,521 | €21,845 | -€1,676 | -7.1% |
| Current assets | 29/58 | €139,011 | €103,694 | -€35,317 | -25.4% |
| Amounts receivable within one year | 40/41 | €107,197 | €9,295 | -€97,902 | -91.3% |
| Trade receivables | 40 | €107,197 | €9,295 | -€97,902 | -91.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,902 | €92,379 | +€62,477 | +209% |
| Deferred charges and accrued income | 490/1 | €1,913 | €2,021 | +€108 | +5.7% |
| Total equity and liabilities | 10/49 | €162,532 | €125,539 | -€36,993 | -22.8% |
| Equity | 10/15 | €77,205 | €101,278 | +€24,073 | +31.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,145 | €93,218 | +€24,073 | +34.8% |
| Amounts payable | 17/49 | €85,328 | €24,261 | -€61,067 | -71.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €85,328 | €24,261 | -€61,067 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €6,580 | €0 | -€6,580 | -100% |
| Trade debts | 44 | €5,522 | €843 | -€4,679 | -84.7% |
| Suppliers | 440/4 | €5,522 | €843 | -€4,679 | -84.7% |
| Taxes, remuneration and social security | 45 | €18,478 | €10,074 | -€8,404 | -45.5% |
| Taxes | 450/3 | €18,478 | €10,074 | -€8,404 | -45.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €54,748 | €13,344 | -€41,404 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,619 | €1,676 | -€6,942 | -80.5% |
| Other operating charges | 640/8 | €702 | €673 | -€29 | -4.1% |
| Gross operating margin | 9900 | €68,310 | €35,878 | -€32,432 | -47.5% |
| Operating profit (loss) | 9901 | €58,990 | €33,528 | -€25,461 | -43.2% |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €167 | €79 | -€88 | -52.7% |
| Recurring financial charges | 65 | €167 | €79 | -€88 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €58,870 | €33,449 | -€25,421 | -43.2% |
| Income taxes | 67/77 | €17,180 | €9,376 | -€7,804 | -45.4% |
| Profit (loss) for the period | 9904 | €41,691 | €24,073 | -€17,617 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,691 | €24,073 | -€17,617 | -42.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.