Nores: 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
Nores
NACE 56.301, Cafés and bars
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€35,510
2025 · -€121,711+€86,202
Equity
€102,359
2025 · €155,868-€53,510
Cash
€5,927
2025 · €5,856+€71
Balance sheet total
€875,348
2025 · €943,490-€68,142
Largest movements
Assets
- Tangible fixed assets -€40,139
down €40,139 (-4.5%), from €884,007 to €843,868
of which Land and buildings: -€41,694
- Receivables within one year -€16,113
down €16,113 (-95.1%), from €16,944 to €831
of which Other amounts receivable: -€8,657
Equity and liabilities
- Profit (loss) carried forward -€35,510
down €35,510 (-45.9%), from -€77,348 to -€112,858
- Trade debts -€34,447
down €34,447 (-68.1%), from €50,580 to €16,133
- Reserves -€18,000
down €18,000 (-8.4%), from €214,616 to €196,616
- Short-term financial debts +€14,873
up €14,873 (+175%), from €8,523 to €23,396
- Current portion of long-term debt -€11,691
down €11,691 (-20.8%), from €56,101 to €44,409
Income statement
- Gross operating margin +€57,829
up €57,829 (+29.1%), from €198,993 to €256,822
- Taxes -€6,009
down €6,009 (-96.0%), from €6,258 to €249
From the 2025 result to the 2026 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 2025
-€121,711
Gross operating margin
+€57,829
Staff costs
+€1,704
Depreciation
-€681
Other operating charges
-€1,073
Other operating items
+€19,774
Financial income
+€91
Financial charges
+€2,548
Taxes
+€6,009
Result 2026
-€35,510
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€32,897
Investment
-€13,599
Financing
-€19,228
Cash 2025
€5,856
From operations (derived)
+€32,897
Net result for the year
-€35,510
Depreciation
+€61,995
Stocks and contracts
+€2,669
Receivables within one year
+€16,113
Deferred charges and accrued income
+€1,034
Trade debts
-€34,447
Tax, wage and social debts
+€1,894
Advances received
+€9,911
Other debts
+€7,503
Accrued charges and deferred income
+€1,734
Investment (derived)
-€13,599
Investment in fixed assets (net)
-€23,011
Current investments
+€9,412
Financing
-€19,228
Debts after one year
-€4,409
Current portion of long-term debt
-€11,691
Short-term financial debts
+€14,873
Contributions, distributions and other
-€18,000
Cash 2026
€5,927
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €943,490 | €875,348 | -€68,142 | -7.2% |
| Fixed assets | 21/28 | €886,284 | €847,300 | -€38,984 | -4.4% |
| Tangible fixed assets | 22/27 | €884,007 | €843,868 | -€40,139 | -4.5% |
| Land and buildings | 22 | €814,440 | €772,746 | -€41,694 | -5.1% |
| Plant, machinery and equipment | 23 | €31,588 | €31,932 | +€344 | +1.1% |
| Furniture and vehicles | 24 | €37,979 | €39,190 | +€1,211 | +3.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,277 | €3,432 | +€1,155 | +50.7% |
| Current assets | 29/58 | €57,206 | €28,048 | -€29,158 | -51.0% |
| Stocks and contracts in progress | 3 | €17,000 | €14,331 | -€2,669 | -15.7% |
| Stocks | 30/36 | €17,000 | €14,331 | -€2,669 | -15.7% |
| Amounts receivable within one year | 40/41 | €16,944 | €831 | -€16,113 | -95.1% |
| Trade receivables | 40 | €8,287 | €831 | -€7,456 | -90.0% |
| Other amounts receivable | 41 | €8,657 | €0 | -€8,657 | -100% |
| Current investments | 50/53 | €11,877 | €2,465 | -€9,412 | -79.2% |
| Cash at bank and in hand | 54/58 | €5,856 | €5,927 | +€71 | +1.2% |
| Deferred charges and accrued income | 490/1 | €5,529 | €4,495 | -€1,034 | -18.7% |
| Total equity and liabilities | 10/49 | €943,490 | €875,348 | -€68,142 | -7.2% |
| Equity | 10/15 | €155,868 | €102,359 | -€53,510 | -34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €214,616 | €196,616 | -€18,000 | -8.4% |
| Distributable reserves | 133 | €214,616 | €196,616 | -€18,000 | -8.4% |
| Profit (loss) carried forward | 14 | -€77,348 | -€112,858 | -€35,510 | -45.9% |
| Amounts payable | 17/49 | €787,621 | €772,989 | -€14,633 | -1.9% |
| Amounts payable after more than one year | 17 | €602,120 | €597,711 | -€4,409 | -0.7% |
| Financial debts | 170/4 | €602,120 | €597,711 | -€4,409 | -0.7% |
| Amounts payable within one year | 42/48 | €185,501 | €173,545 | -€11,957 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €56,101 | €44,409 | -€11,691 | -20.8% |
| Financial debts | 43 | €8,523 | €23,396 | +€14,873 | +175% |
| Credit institutions | 430/8 | €8,523 | €23,396 | +€14,873 | +175% |
| Trade debts | 44 | €50,580 | €16,133 | -€34,447 | -68.1% |
| Suppliers | 440/4 | €50,580 | €16,133 | -€34,447 | -68.1% |
| Advances received on contracts in progress | 46 | €16,329 | €26,240 | +€9,911 | +60.7% |
| Taxes, remuneration and social security | 45 | €53,969 | €55,863 | +€1,894 | +3.5% |
| Taxes | 450/3 | €22,803 | €20,970 | -€1,833 | -8.0% |
| Remuneration and social security | 454/9 | €31,166 | €34,893 | +€3,727 | +12.0% |
| Other amounts payable | 47/48 | - | €7,503 | +€7,503 | |
| Accrued charges and deferred income | 492/3 | - | €1,734 | +€1,734 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €199,995 | €198,290 | -€1,704 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,315 | €61,995 | +€681 | +1.1% |
| Other operating charges | 640/8 | €2,362 | €3,435 | +€1,073 | +45.4% |
| Non-recurring operating charges | 66A | €19,774 | €0 | -€19,774 | -100% |
| Gross operating margin | 9900 | €198,993 | €256,822 | +€57,829 | +29.1% |
| Operating profit (loss) | 9901 | -€84,453 | -€6,899 | +€77,554 | +91.8% |
| Financial income | 75/76B | €3,888 | €3,979 | +€91 | +2.3% |
| Recurring financial income | 75 | €3,888 | €3,979 | +€91 | +2.3% |
| Financial charges | 65/66B | €34,888 | €32,340 | -€2,548 | -7.3% |
| Recurring financial charges | 65 | €34,888 | €32,340 | -€2,548 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€115,453 | -€35,261 | +€80,192 | +69.5% |
| Income taxes | 67/77 | €6,258 | €249 | -€6,009 | -96.0% |
| Profit (loss) for the period | 9904 | -€121,711 | -€35,510 | +€86,202 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,711 | -€35,510 | +€86,202 | +70.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.