GROUP NORMA: 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
GROUP NORMA
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€55,134
2024 · €178,933-€123,799
Equity
€815,199
2024 · €760,066+€55,134
Cash
€10,411
2024 · €20,432-€10,021
Balance sheet total
€3.5m
2024 · €3.0m+€555,916
Largest movements
Assets
- Tangible fixed assets +€470,647
up €470,647 (+16.6%), from €2.8m to €3.3m
of which Land and buildings: +€485,898
- Receivables within one year +€89,029
up €89,029 (+85.4%), from €104,235 to €193,264
of which Trade receivables: +€50,359
Equity and liabilities
- Provisions +€351,011
new in 2025: €351,011
- Debts after one year +€242,411
up €242,411 (+14.7%), from €1.7m to €1.9m
- Other debts +€130,037
up €130,037 (+480%), from €27,111 to €157,147
- Short-term financial debts -€105,591
down €105,591 (-84.3%), from €125,308 to €19,717
- Trade debts -€70,207
down €70,207 (-55.0%), from €127,712 to €57,505
Income statement
- Gross operating margin -€104,809
down €104,809 (-14.0%), from €751,160 to €646,351
- Depreciation +€86,166
up €86,166 (+79.0%), from €109,012 to €195,177
- Taxes -€32,462
down €32,462 (-65.3%), from €49,732 to €17,270
- Staff costs -€29,760
down €29,760 (-8.8%), from €338,082 to €308,322
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
€178,933
Gross operating margin
-€104,809
Staff costs
+€29,760
Depreciation
-€86,166
Other operating charges
+€890
Financial income
-€223
Financial charges
+€4,286
Taxes
+€32,462
Result 2025
€55,134
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
+€493,702
Investment
-€670,825
Financing
+€167,102
Cash 2024
€20,432
From operations (derived)
+€493,702
Net result for the year
+€55,134
Depreciation
+€195,177
Receivables within one year
-€89,029
Deferred charges and accrued income
-€1,260
Provisions
+€351,011
Trade debts
-€70,207
Tax, wage and social debts
-€49,126
Advances received
-€38,185
Other debts
+€130,037
Accrued charges and deferred income
+€10,151
Investment (derived)
-€670,825
Investment in fixed assets (net)
-€670,825
Financing
+€167,102
Debts after one year
+€242,411
Current portion of long-term debt
+€30,282
Short-term financial debts
-€105,591
Cash 2025
€10,411
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,976,665 | €3,532,580 | +€555,916 | +18.7% |
| Fixed assets | 21/28 | €2,834,463 | €3,310,111 | +€475,647 | +16.8% |
| Tangible fixed assets | 22/27 | €2,834,463 | €3,305,111 | +€470,647 | +16.6% |
| Land and buildings | 22 | €2,760,566 | €3,246,464 | +€485,898 | +17.6% |
| Plant, machinery and equipment | 23 | €29,576 | €21,336 | -€8,240 | -27.9% |
| Furniture and vehicles | 24 | €9,890 | €8,876 | -€1,014 | -10.2% |
| Other tangible fixed assets | 26 | €34,432 | €28,435 | -€5,997 | -17.4% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €142,201 | €222,469 | +€80,268 | +56.4% |
| Amounts receivable within one year | 40/41 | €104,235 | €193,264 | +€89,029 | +85.4% |
| Trade receivables | 40 | €94,802 | €145,160 | +€50,359 | +53.1% |
| Other amounts receivable | 41 | €9,433 | €48,104 | +€38,670 | +410% |
| Cash at bank and in hand | 54/58 | €20,432 | €10,411 | -€10,021 | -49.0% |
| Deferred charges and accrued income | 490/1 | €17,534 | €18,794 | +€1,260 | +7.2% |
| Total equity and liabilities | 10/49 | €2,976,665 | €3,532,580 | +€555,916 | +18.7% |
| Equity | 10/15 | €760,066 | €815,199 | +€55,134 | +7.3% |
| Contributions | 10/11 | €362,500 | €362,500 | = | 0.0% |
| Reserves | 13 | €397,566 | €452,699 | +€55,134 | +13.9% |
| Distributable reserves | 133 | €397,566 | €452,699 | +€55,134 | +13.9% |
| Provisions and deferred taxes | 16 | - | €351,011 | +€351,011 | |
| Provisions for liabilities and charges | 160/5 | - | €351,011 | +€351,011 | |
| Environmental obligations | 163 | - | €351,011 | +€351,011 | |
| Amounts payable | 17/49 | €2,216,599 | €2,366,370 | +€149,771 | +6.8% |
| Amounts payable after more than one year | 17 | €1,653,340 | €1,895,751 | +€242,411 | +14.7% |
| Financial debts | 170/4 | €1,653,340 | €1,895,751 | +€242,411 | +14.7% |
| Amounts payable within one year | 42/48 | €552,362 | €449,570 | -€102,791 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €127,345 | €157,627 | +€30,282 | +23.8% |
| Financial debts | 43 | €125,308 | €19,717 | -€105,591 | -84.3% |
| Credit institutions | 430/8 | €125,308 | €19,717 | -€105,591 | -84.3% |
| Trade debts | 44 | €127,712 | €57,505 | -€70,207 | -55.0% |
| Suppliers | 440/4 | €127,712 | €57,505 | -€70,207 | -55.0% |
| Advances received on contracts in progress | 46 | €39,300 | €1,115 | -€38,185 | -97.2% |
| Taxes, remuneration and social security | 45 | €105,585 | €56,459 | -€49,126 | -46.5% |
| Taxes | 450/3 | €95,058 | €54,922 | -€40,136 | -42.2% |
| Remuneration and social security | 454/9 | €10,527 | €1,538 | -€8,990 | -85.4% |
| Other amounts payable | 47/48 | €27,111 | €157,147 | +€130,037 | +480% |
| Accrued charges and deferred income | 492/3 | €10,897 | €21,048 | +€10,151 | +93.2% |
| Remuneration, social security and pensions | 62 | €338,082 | €308,322 | -€29,760 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,012 | €195,177 | +€86,166 | +79.0% |
| Other operating charges | 640/8 | €17,368 | €16,478 | -€890 | -5.1% |
| Gross operating margin | 9900 | €751,160 | €646,351 | -€104,809 | -14.0% |
| Operating profit (loss) | 9901 | €286,698 | €126,373 | -€160,324 | -55.9% |
| Financial income | 75/76B | €890 | €667 | -€223 | -25.0% |
| Recurring financial income | 75 | €890 | €667 | -€223 | -25.0% |
| Financial charges | 65/66B | €58,923 | €54,637 | -€4,286 | -7.3% |
| Recurring financial charges | 65 | €58,923 | €54,637 | -€4,286 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €228,665 | €72,404 | -€156,261 | -68.3% |
| Income taxes | 67/77 | €49,732 | €17,270 | -€32,462 | -65.3% |
| Profit (loss) for the period | 9904 | €178,933 | €55,134 | -€123,799 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €178,933 | €55,134 | -€123,799 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.