MAÏANO: 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
MAÏANO
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€225,363
2024 · €108,032+€117,331
Equity
€912,928
2024 · €687,564+€225,363
Cash
€190,625
2024 · €186,385+€4,240
Balance sheet total
€1.2m
2024 · €914,447+€262,933
Largest movements
Assets
- Current investments +€264,793
up €264,793 (+41.6%), from €636,522 to €901,315
Equity and liabilities
- Reserves +€225,000
up €225,000 (+35.6%), from €631,360 to €856,360
- Tax, wage and social debts +€63,019
up €63,019 (+67.1%), from €93,892 to €156,910
of which Taxes: +€63,934
- Trade debts -€12,381
down €12,381 (-12.9%), from €96,296 to €83,915
Income statement
- Gross operating margin +€186,083
up €186,083 (+24.6%), from €757,568 to €943,651
- Taxes +€53,732
up €53,732 (+111%), from €48,545 to €102,277
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
€108,032
Gross operating margin
+€186,083
Staff costs
-€1,694
Depreciation
-€1,998
Other operating charges
-€1,078
Financial income
-€7,850
Financial charges
-€2,400
Taxes
-€53,732
Result 2025
€225,363
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
+€298,224
Investment
-€283,039
Financing
-€10,945
Cash 2024
€186,385
From operations (derived)
+€298,224
Net result for the year
+€225,363
Depreciation
+€16,741
Stocks and contracts
+€8,821
Receivables within one year
+€576
Deferred charges and accrued income
-€1,792
Trade debts
-€12,381
Tax, wage and social debts
+€63,019
Accrued charges and deferred income
-€2,123
Investment (derived)
-€283,039
Investment in fixed assets (net)
-€18,247
Current investments
-€264,793
Financing
-€10,945
Debts after one year
-€10,457
Current portion of long-term debt
-€488
Cash 2025
€190,625
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €914,447 | €1,177,381 | +€262,933 | +28.8% |
| Fixed assets | 21/28 | €42,994 | €44,499 | +€1,505 | +3.5% |
| Tangible fixed assets | 22/27 | €42,545 | €44,050 | +€1,505 | +3.5% |
| Plant, machinery and equipment | 23 | - | €1,782 | +€1,782 | |
| Furniture and vehicles | 24 | €397 | €13,961 | +€13,563 | +3,416% |
| Leasing and similar rights | 25 | €41,807 | €28,308 | -€13,499 | -32.3% |
| Other tangible fixed assets | 26 | €341 | €0 | -€341 | -100% |
| Financial fixed assets | 28 | €449 | €449 | = | 0.0% |
| Current assets | 29/58 | €871,454 | €1,132,881 | +€261,428 | +30.0% |
| Stocks and contracts in progress | 3 | €25,564 | €16,744 | -€8,821 | -34.5% |
| Stocks | 30/36 | €25,564 | €16,744 | -€8,821 | -34.5% |
| Amounts receivable within one year | 40/41 | €13,975 | €13,399 | -€576 | -4.1% |
| Trade receivables | 40 | €940 | €4,490 | +€3,550 | +378% |
| Other amounts receivable | 41 | €13,035 | €8,909 | -€4,126 | -31.7% |
| Current investments | 50/53 | €636,522 | €901,315 | +€264,793 | +41.6% |
| Cash at bank and in hand | 54/58 | €186,385 | €190,625 | +€4,240 | +2.3% |
| Deferred charges and accrued income | 490/1 | €9,007 | €10,799 | +€1,792 | +19.9% |
| Total equity and liabilities | 10/49 | €914,447 | €1,177,381 | +€262,933 | +28.8% |
| Equity | 10/15 | €687,564 | €912,928 | +€225,363 | +32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €631,360 | €856,360 | +€225,000 | +35.6% |
| Distributable reserves | 133 | €631,360 | €856,360 | +€225,000 | +35.6% |
| Profit (loss) carried forward | 14 | €37,604 | €37,968 | +€363 | +1.0% |
| Amounts payable | 17/49 | €226,883 | €264,453 | +€37,570 | +16.6% |
| Amounts payable after more than one year | 17 | €14,382 | €3,925 | -€10,457 | -72.7% |
| Financial debts | 170/4 | €14,382 | €3,925 | -€10,457 | -72.7% |
| Amounts payable within one year | 42/48 | €209,204 | €259,354 | +€50,150 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €10,945 | €10,457 | -€488 | -4.5% |
| Trade debts | 44 | €96,296 | €83,915 | -€12,381 | -12.9% |
| Suppliers | 440/4 | €96,296 | €83,915 | -€12,381 | -12.9% |
| Taxes, remuneration and social security | 45 | €93,892 | €156,910 | +€63,019 | +67.1% |
| Taxes | 450/3 | €8,773 | €72,707 | +€63,934 | +729% |
| Remuneration and social security | 454/9 | €85,119 | €84,203 | -€915 | -1.1% |
| Other amounts payable | 47/48 | €8,071 | €8,071 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,297 | €1,174 | -€2,123 | -64.4% |
| Remuneration, social security and pensions | 62 | €588,104 | €589,798 | +€1,694 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,743 | €16,741 | +€1,998 | +13.6% |
| Other operating charges | 640/8 | €5,873 | €6,952 | +€1,078 | +18.4% |
| Gross operating margin | 9900 | €757,568 | €943,651 | +€186,083 | +24.6% |
| Operating profit (loss) | 9901 | €148,848 | €330,160 | +€181,312 | +122% |
| Financial income | 75/76B | €14,278 | €6,428 | -€7,850 | -55.0% |
| Recurring financial income | 75 | €14,278 | €6,428 | -€7,850 | -55.0% |
| Financial charges | 65/66B | €6,548 | €8,947 | +€2,400 | +36.6% |
| Recurring financial charges | 65 | €6,548 | €8,947 | +€2,400 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €156,578 | €327,641 | +€171,063 | +109% |
| Income taxes | 67/77 | €48,545 | €102,277 | +€53,732 | +111% |
| Profit (loss) for the period | 9904 | €108,032 | €225,363 | +€117,331 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €108,032 | €225,363 | +€117,331 | +109% |
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 22 October 2026 via checked.be.