MAITE CONNECT: what changed
Two fiscal 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
MAITE CONNECT
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€6,559
2024 · €10,742-€17,301
Equity
-€12,294
2024 · -€5,736-€6,559
Cash
€3,339
2024 · €997+€2,343
Balance sheet total
€401,154
2024 · €395,659+€5,495
Largest movements
Assets
- Stocks and contracts +€24,999
up €24,999 (+148.4%), from €16,841 to €41,841
- Tangible fixed assets -€15,116
down €15,116 (-4.1%), from €364,961 to €349,845
- Receivables within one year -€9,781
down €9,781 (-91.1%), from €10,738 to €957
Equity and liabilities
- Debts after one year +€16,435
up €16,435 (+5.2%), from €318,856 to €335,292
- Other debts -€7,606
down €7,606 (-38.9%), from €19,565 to €11,960
- Profit (loss) carried forward -€6,559
down €6,559 (-67.4%), from -€9,736 to -€16,294
Income statement
- Gross operating margin -€7,173
down €7,173 (-11.8%), from €60,882 to €53,710
- Depreciation +€6,450
up €6,450 (+16.3%), from €39,644 to €46,095
- Financial charges +€3,018
up €3,018 (+37.6%), from €8,027 to €11,045
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
€10,742
Gross operating margin
-€7,173
Staff costs
-€20
Depreciation
-€6,450
Other operating charges
+€87
Other operating items
-€440
Financial income
-€285
Financial charges
-€3,018
Taxes
-€2
Result 2025
-€6,559
Cash bridge derived
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
+€20,451
Investment
-€34,224
Financing
+€16,115
Cash 2024
€997
From operations (derived)
+€20,451
Net result for the year
-€6,559
Depreciation
+€46,095
Stocks and contracts
-€24,999
Receivables within one year
+€9,781
Deferred charges and accrued income
+€196
Trade debts
+€2,679
Tax, wage and social debts
+€865
Other debts
-€7,606
Investment (derived)
-€34,224
Investment in fixed assets (net)
-€34,224
Financing
+€16,115
Debts after one year
+€16,435
Current portion of long-term debt
+€3,215
Short-term financial debts
-€3,535
Cash 2025
€3,339
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,659 | €401,154 | +€5,495 | +1.4% |
| Formation expenses | 20 | €321 | €0 | -€321 | -100.0% |
| Fixed assets | 21/28 | €365,211 | €353,660 | -€11,550 | -3.2% |
| Intangible fixed assets | 21 | €0 | €3,065 | +€3,065 | |
| Tangible fixed assets | 22/27 | €364,961 | €349,845 | -€15,116 | -4.1% |
| Land and buildings | 22 | €311,478 | €310,479 | -€999 | -0.3% |
| Plant, machinery and equipment | 23 | €22,559 | €19,411 | -€3,148 | -14.0% |
| Furniture and vehicles | 24 | €14,098 | €7,973 | -€6,125 | -43.4% |
| Leasing and similar rights | 25 | €16,826 | €11,982 | -€4,843 | -28.8% |
| Financial fixed assets | 28 | €250 | €750 | +€500 | +200.0% |
| Current assets | 29/58 | €30,128 | €47,494 | +€17,366 | +57.6% |
| Stocks and contracts in progress | 3 | €16,841 | €41,841 | +€24,999 | +148.4% |
| Stocks | 30/36 | €16,841 | €41,841 | +€24,999 | +148.4% |
| Amounts receivable within one year | 40/41 | €10,738 | €957 | -€9,781 | -91.1% |
| Other amounts receivable | 41 | €10,738 | €957 | -€9,781 | -91.1% |
| Cash at bank and in hand | 54/58 | €997 | €3,339 | +€2,343 | +235.0% |
| Deferred charges and accrued income | 490/1 | €1,552 | €1,356 | -€196 | -12.6% |
| Total equity and liabilities | 10/49 | €395,659 | €401,154 | +€5,495 | +1.4% |
| Equity | 10/15 | -€5,736 | -€12,294 | -€6,559 | -114.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,736 | -€16,294 | -€6,559 | -67.4% |
| Amounts payable | 17/49 | €401,395 | €413,448 | +€12,053 | +3.0% |
| Amounts payable after more than one year | 17 | €318,856 | €335,292 | +€16,435 | +5.2% |
| Financial debts | 170/4 | €318,856 | €335,292 | +€16,435 | +5.2% |
| Amounts payable within one year | 42/48 | €82,539 | €78,157 | -€4,382 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €38,711 | €41,925 | +€3,215 | +8.3% |
| Financial debts | 43 | €4,955 | €1,420 | -€3,535 | -71.3% |
| Credit institutions | 430/8 | €4,955 | €1,420 | -€3,535 | -71.3% |
| Trade debts | 44 | €17,992 | €20,671 | +€2,679 | +14.9% |
| Suppliers | 440/4 | €17,992 | €20,671 | +€2,679 | +14.9% |
| Taxes, remuneration and social security | 45 | €1,316 | €2,181 | +€865 | +65.8% |
| Taxes | 450/3 | €916 | €2,181 | +€1,265 | +138.2% |
| Remuneration and social security | 454/9 | €400 | €0 | -€400 | -100.0% |
| Other amounts payable | 47/48 | €19,565 | €11,960 | -€7,606 | -38.9% |
| Non-recurring operating income | 76A | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | -€20 | €0 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,644 | €46,095 | +€6,450 | +16.3% |
| Other operating charges | 640/8 | €2,646 | €2,559 | -€87 | -3.3% |
| Non-recurring operating charges | 66A | €0 | €440 | +€440 | |
| Gross operating margin | 9900 | €60,882 | €53,710 | -€7,173 | -11.8% |
| Operating profit (loss) | 9901 | €18,612 | €4,616 | -€13,996 | -75.2% |
| Financial income | 75/76B | €299 | €14 | -€285 | -95.3% |
| Recurring financial income | 75 | €299 | €14 | -€285 | -95.3% |
| Financial charges | 65/66B | €8,027 | €11,045 | +€3,018 | +37.6% |
| Recurring financial charges | 65 | €8,027 | €11,045 | +€3,018 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €10,884 | -€6,415 | -€17,299 | |
| Income taxes | 67/77 | €142 | €144 | +€2 | +1.1% |
| Profit (loss) for the period | 9904 | €10,742 | -€6,559 | -€17,301 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,742 | -€6,559 | -€17,301 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.