MAPI: 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.
MAPI
Largest movements
- Receivables within one year +€12,438
up €12,438 (+10.7%), from €116,384 to €128,822
of which Trade receivables: +€10,728
- Stocks and contracts -€5,000
down €5,000 (-80.8%), from €6,187 to €1,187
- Cash +€2,162
up €2,162 (+32.5%), from €6,657 to €8,819
mainly Net result for the year (+€19,277) and Stocks and contracts (+€5,000)
- Tangible fixed assets -€1,901
no longer reported in 2025 (was €1,901)
- Profit (loss) carried forward +€19,277
up €19,277 (+17.2%), from €112,050 to €131,326
- Trade debts -€11,743
down €11,743 (-76.3%), from €15,395 to €3,652
- Gross operating margin +€24,283
up €24,283, from -€2,598 to €21,684
- Financial income -€6,558
no longer reported in 2025 (was €6,558)
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 | €131,129 | €138,828 | +€7,699 | +5.9% |
| Fixed assets | 21/28 | €1,901 | - | -€1,901 | |
| Tangible fixed assets | 22/27 | €1,901 | - | -€1,901 | |
| Furniture and vehicles | 24 | €1,901 | - | -€1,901 | |
| Current assets | 29/58 | €129,228 | €138,828 | +€9,600 | +7.4% |
| Stocks and contracts in progress | 3 | €6,187 | €1,187 | -€5,000 | -80.8% |
| Stocks | 30/36 | €6,187 | €1,187 | -€5,000 | -80.8% |
| Amounts receivable within one year | 40/41 | €116,384 | €128,822 | +€12,438 | +10.7% |
| Trade receivables | 40 | - | €10,728 | +€10,728 | |
| Other amounts receivable | 41 | €116,384 | €118,094 | +€1,710 | +1.5% |
| Cash at bank and in hand | 54/58 | €6,657 | €8,819 | +€2,162 | +32.5% |
| Total equity and liabilities | 10/49 | €131,129 | €138,828 | +€7,699 | +5.9% |
| Equity | 10/15 | €113,950 | €133,226 | +€19,277 | +16.9% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,050 | €131,326 | +€19,277 | +17.2% |
| Amounts payable | 17/49 | €17,179 | €5,602 | -€11,577 | -67.4% |
| Amounts payable within one year | 42/48 | €17,179 | €5,602 | -€11,577 | -67.4% |
| Trade debts | 44 | €15,395 | €3,652 | -€11,743 | -76.3% |
| Suppliers | 440/4 | €15,395 | €3,652 | -€11,743 | -76.3% |
| Taxes, remuneration and social security | 45 | €1,784 | €1,950 | +€166 | +9.3% |
| Taxes | 450/3 | - | €1,566 | +€1,566 | |
| Remuneration and social security | 454/9 | €1,784 | €384 | -€1,400 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,901 | €1,901 | -€0 | 0.0% |
| Other operating charges | 640/8 | €333 | €301 | -€32 | -9.5% |
| Gross operating margin | 9900 | -€2,598 | €21,684 | +€24,283 | |
| Operating profit (loss) | 9901 | -€4,832 | €19,483 | +€24,314 | |
| Financial income | 75/76B | €6,558 | - | -€6,558 | |
| Recurring financial income | 75 | €6,558 | - | -€6,558 | |
| Financial charges | 65/66B | €417 | €206 | -€211 | -50.5% |
| Recurring financial charges | 65 | €417 | €206 | -€211 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €1,309 | €19,277 | +€17,967 | +1,372% |
| Profit (loss) for the period | 9904 | €1,309 | €19,277 | +€17,967 | +1,372% |
| Profit (loss) for the period to be appropriated | 9905 | €1,309 | €19,277 | +€17,967 | +1,372% |
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 25 October 2026 via checked.be.