MATHIREST: 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
MATHIREST
NACE 56.112, Limited-service restaurants, excluding mobile food services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€15,569
2024 · -€113,504+€97,935
Equity
€103,855
2024 · €119,424-€15,569
Cash
€429,308
2024 · €283,678+€145,630
Balance sheet total
€578,822
2024 · €558,260+€20,563
Largest movements
Assets
- Cash +€145,630
up €145,630 (+51.3%), from €283,678 to €429,308
mainly Depreciation (+€133,382) and Trade debts (+€30,925)
- Tangible fixed assets -€121,150
down €121,150 (-66.2%), from €182,887 to €61,736
of which Other tangible fixed assets: -€99,459
Equity and liabilities
- Trade debts +€30,925
up €30,925 (+11.1%), from €278,229 to €309,154
- Profit (loss) carried forward -€15,569
down €15,569 (-8.2%), from -€190,576 to -€206,145
- Accrued charges and deferred income +€9,401
up €9,401 (+69.1%), from €13,606 to €23,007
- Current portion of long-term debt -€6,089
down €6,089 (-19.9%), from €30,593 to €24,504
Income statement
- Turnover +€3.6m
new in 2025: €3.6m
- Services and other goods +€1.3m
new in 2025: €1.3m
- Gross operating margin -€1.2m
no longer reported in 2025 (was €1.2m)
- Goods and materials +€993,689
new in 2025: €993,689
of which Purchases: +€989,116
- Staff costs +€35,797
up €35,797 (+3.2%), from €1.1m to €1.1m
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
-€113,504
Turnover
+€3.6m
Other operating income
+€11,255
Goods and materials
-€993,689
Services and other goods
-€1.3m
Staff costs
-€35,797
Depreciation
+€9,613
Other operating charges
+€488
Other operating items
-€1.2m
Financial charges
-€1,047
Taxes
-€35
Result 2025
-€15,569
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
+€161,833
Investment
-€10,114
Financing
-€6,089
Cash 2024
€283,678
From operations (derived)
+€161,833
Net result for the year
-€15,569
Depreciation
+€133,382
Stocks and contracts
+€4,573
Receivables within one year
+€2,296
Deferred charges and accrued income
-€5,071
Trade debts
+€30,925
Tax, wage and social debts
+€1,923
Other debts
-€28
Accrued charges and deferred income
+€9,401
Investment (derived)
-€10,114
Investment in fixed assets (net)
-€10,114
Financing
-€6,089
Current portion of long-term debt
-€6,089
Cash 2025
€429,308
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €558,260 | €578,822 | +€20,563 | +3.7% |
| Fixed assets | 21/28 | €206,683 | €83,415 | -€123,268 | -59.6% |
| Intangible fixed assets | 21 | €23,299 | €21,180 | -€2,118 | -9.1% |
| Tangible fixed assets | 22/27 | €182,887 | €61,736 | -€121,150 | -66.2% |
| Plant, machinery and equipment | 23 | €64,261 | €44,442 | -€19,819 | -30.8% |
| Furniture and vehicles | 24 | €3,139 | €1,267 | -€1,872 | -59.6% |
| Other tangible fixed assets | 26 | €115,486 | €16,027 | -€99,459 | -86.1% |
| Financial fixed assets | 28 | €498 | €498 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €498 | +€498 | |
| Shares | 284 | - | €198 | +€198 | |
| Amounts receivable and cash guarantees | 285/8 | - | €300 | +€300 | |
| Current assets | 29/58 | €351,576 | €495,408 | +€143,831 | +40.9% |
| Stocks and contracts in progress | 3 | €23,048 | €18,474 | -€4,573 | -19.8% |
| Stocks | 30/36 | €23,048 | €18,474 | -€4,573 | -19.8% |
| Goods purchased for resale | 34 | - | €18,474 | +€18,474 | |
| Amounts receivable within one year | 40/41 | €29,340 | €27,044 | -€2,296 | -7.8% |
| Trade receivables | 40 | €29,340 | €27,044 | -€2,296 | -7.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €283,678 | €429,308 | +€145,630 | +51.3% |
| Deferred charges and accrued income | 490/1 | €15,511 | €20,582 | +€5,071 | +32.7% |
| Total equity and liabilities | 10/49 | €558,260 | €578,822 | +€20,563 | +3.7% |
| Equity | 10/15 | €119,424 | €103,855 | -€15,569 | -13.0% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€190,576 | -€206,145 | -€15,569 | -8.2% |
| Amounts payable | 17/49 | €438,836 | €474,968 | +€36,132 | +8.2% |
| Amounts payable within one year | 42/48 | €425,230 | €451,961 | +€26,731 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €30,593 | €24,504 | -€6,089 | -19.9% |
| Trade debts | 44 | €278,229 | €309,154 | +€30,925 | +11.1% |
| Suppliers | 440/4 | €278,229 | €309,154 | +€30,925 | +11.1% |
| Taxes, remuneration and social security | 45 | €116,085 | €118,008 | +€1,923 | +1.7% |
| Taxes | 450/3 | €10,387 | €11,834 | +€1,447 | +13.9% |
| Remuneration and social security | 454/9 | €105,698 | €106,174 | +€476 | +0.5% |
| Other amounts payable | 47/48 | €323 | €295 | -€28 | -8.7% |
| Accrued charges and deferred income | 492/3 | €13,606 | €23,007 | +€9,401 | +69.1% |
| Operating income | 70/76A | - | €3,566,156 | +€3.6m | |
| Turnover | 70 | - | €3,554,901 | +€3.6m | |
| Other operating income | 74 | - | €11,255 | +€11,255 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | - | €3,556,227 | +€3.6m | |
| Goods for resale, raw materials and consumables | 60 | - | €993,689 | +€993,689 | |
| Purchases | 600/8 | - | €989,116 | +€989,116 | |
| Change in stocks: decrease (increase) | 609 | - | €4,573 | +€4,573 | |
| Services and other goods | 61 | - | €1,260,658 | +€1.3m | |
| Remuneration, social security and pensions | 62 | €1,111,046 | €1,146,844 | +€35,797 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,995 | €133,382 | -€9,613 | -6.7% |
| Other operating charges | 640/8 | €22,142 | €21,654 | -€488 | -2.2% |
| Gross operating margin | 9900 | €1,187,095 | - | -€1.2m | |
| Operating profit (loss) | 9901 | -€89,089 | €9,929 | +€99,018 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €24,276 | €25,323 | +€1,047 | +4.3% |
| Recurring financial charges | 65 | €24,276 | €25,323 | +€1,047 | +4.3% |
| Debt charges | 650 | - | €2,571 | +€2,571 | |
| Other financial charges | 652/9 | - | €22,752 | +€22,752 | |
| Profit (loss) for the period before taxes | 9903 | -€113,365 | -€15,394 | +€97,970 | +86.4% |
| Income taxes | 67/77 | €139 | €174 | +€35 | +25.1% |
| Taxes | 670/3 | - | €174 | +€174 | |
| Profit (loss) for the period | 9904 | -€113,504 | -€15,569 | +€97,935 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,504 | -€15,569 | +€97,935 | +86.3% |
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 6 October 2026 via checked.be.