Mac Ped: 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.
What changed
Mac Ped
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,679
2024 · €3,289+€6,390
Equity
€132,584
2024 · €125,055+€7,529
Cash
€37,672
2024 · €84,991-€47,319
Balance sheet total
€1.3m
2024 · €1.3m-€40,327
Largest movements
Assets
- Cash -€47,319
down €47,319 (-55.7%), from €84,991 to €37,672
mainly Investment in fixed assets (net) (-€129,524) and Debts after one year (-€91,251)
- Tangible fixed assets +€19,464
up €19,464 (+1.6%), from €1.2m to €1.2m
of which Other tangible fixed assets: +€60,672
Equity and liabilities
- Debts after one year -€91,251
down €91,251 (-9.3%), from €981,694 to €890,443
- Current portion of long-term debt +€41,844
up €41,844 (+49.5%), from €84,518 to €126,362
Income statement
- Depreciation -€29,928
down €29,928 (-21.4%), from €139,988 to €110,059
- Staff costs +€27,328
up €27,328 (+1,900%), from €1,438 to €28,767
- Other operating charges -€4,131
down €4,131 (-12.5%), from €33,049 to €28,918
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.
Result 2024
€3,289
Gross operating margin
-€887
Staff costs
-€27,328
Depreciation
+€29,928
Other operating charges
+€4,131
Financial income
-€13
Financial charges
+€72
Taxes
+€488
Result 2025
€9,679
raises the resultlowers the result
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.
From operations
+€133,761
Investment
-€129,524
Financing
-€51,557
Cash 2024
€84,991
From operations (derived)
+€133,761
Net result for the year
+€9,679
Depreciation
+€110,059
Stocks and contracts
+€7,964
Receivables within one year
+€2,705
Deferred charges and accrued income
+€1,804
Trade debts
+€9,190
Tax, wage and social debts
-€5,528
Other debts
-€2,111
Investment (derived)
-€129,524
Investment in fixed assets (net)
-€129,524
Financing
-€51,557
Debts after one year
-€91,251
Current portion of long-term debt
+€41,844
Contributions, distributions and other
-€2,150
Cash 2025
€37,672
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,313,262 | €1,272,935 | -€40,327 | -3.1% |
| Fixed assets | 21/28 | €1,186,243 | €1,205,707 | +€19,464 | +1.6% |
| Tangible fixed assets | 22/27 | €1,186,243 | €1,205,707 | +€19,464 | +1.6% |
| Land and buildings | 22 | €819,991 | €791,833 | -€28,158 | -3.4% |
| Plant, machinery and equipment | 23 | €21,694 | €16,893 | -€4,801 | -22.1% |
| Furniture and vehicles | 24 | €67,526 | €59,277 | -€8,249 | -12.2% |
| Other tangible fixed assets | 26 | €277,033 | €337,704 | +€60,672 | +21.9% |
| Current assets | 29/58 | €127,019 | €67,227 | -€59,792 | -47.1% |
| Stocks and contracts in progress | 3 | €22,323 | €14,359 | -€7,964 | -35.7% |
| Stocks | 30/36 | €22,323 | €14,359 | -€7,964 | -35.7% |
| Amounts receivable within one year | 40/41 | €5,974 | €3,269 | -€2,705 | -45.3% |
| Trade receivables | 40 | €5,580 | €3,254 | -€2,326 | -41.7% |
| Other amounts receivable | 41 | €394 | €15 | -€379 | -96.1% |
| Cash at bank and in hand | 54/58 | €84,991 | €37,672 | -€47,319 | -55.7% |
| Deferred charges and accrued income | 490/1 | €13,731 | €11,927 | -€1,804 | -13.1% |
| Total equity and liabilities | 10/49 | €1,313,262 | €1,272,935 | -€40,327 | -3.1% |
| Equity | 10/15 | €125,055 | €132,584 | +€7,529 | +6.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,441 | €2,441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,441 | €2,441 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,441 | €2,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,264 | €62,943 | +€9,679 | +18.2% |
| Investment grants | 15 | €19,350 | €17,200 | -€2,150 | -11.1% |
| Amounts payable | 17/49 | €1,188,207 | €1,140,351 | -€47,856 | -4.0% |
| Amounts payable after more than one year | 17 | €981,694 | €890,443 | -€91,251 | -9.3% |
| Financial debts | 170/4 | €981,694 | €890,443 | -€91,251 | -9.3% |
| Amounts payable within one year | 42/48 | €160,499 | €203,893 | +€43,395 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €84,518 | €126,362 | +€41,844 | +49.5% |
| Trade debts | 44 | €53,267 | €62,457 | +€9,190 | +17.3% |
| Suppliers | 440/4 | €53,267 | €62,457 | +€9,190 | +17.3% |
| Taxes, remuneration and social security | 45 | €15,081 | €9,553 | -€5,528 | -36.7% |
| Taxes | 450/3 | €15,081 | €4,093 | -€10,988 | -72.9% |
| Remuneration and social security | 454/9 | - | €5,460 | +€5,460 | |
| Other amounts payable | 47/48 | €7,633 | €5,521 | -€2,111 | -27.7% |
| Accrued charges and deferred income | 492/3 | €46,014 | €46,014 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,438 | €28,767 | +€27,328 | +1,900% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,988 | €110,059 | -€29,928 | -21.4% |
| Other operating charges | 640/8 | €33,049 | €28,918 | -€4,131 | -12.5% |
| Gross operating margin | 9900 | €220,263 | €219,375 | -€887 | -0.4% |
| Operating profit (loss) | 9901 | €45,788 | €51,632 | +€5,843 | +12.8% |
| Financial income | 75/76B | €2,163 | €2,150 | -€13 | -0.6% |
| Recurring financial income | 75 | €2,163 | €2,150 | -€13 | -0.6% |
| Financial charges | 65/66B | €42,372 | €42,300 | -€72 | -0.2% |
| Recurring financial charges | 65 | €42,372 | €42,300 | -€72 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €5,579 | €11,481 | +€5,902 | +106% |
| Income taxes | 67/77 | €2,291 | €1,802 | -€488 | -21.3% |
| Profit (loss) for the period | 9904 | €3,289 | €9,679 | +€6,390 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €3,289 | €9,679 | +€6,390 | +194% |
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 14 October 2026 via checked.be.