«LA- SUPERBA»: 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.
«LA- SUPERBA»
Largest movements
- Cash +€61,798
up €61,798 (+105.8%), from €58,435 to €120,233
mainly Net result for the year (+€152,334) and Depreciation (+€22,466)
- Current investments +€46,293
up €46,293 (+42.1%), from €110,000 to €156,292
- Tangible fixed assets -€22,466
down €22,466 (-2.8%), from €812,245 to €789,779
of which Land and buildings: -€21,839
- Deferred charges and accrued income +€17,801
up €17,801 (+4270.9%), from €417 to €18,218
- Reserves +€152,334
up €152,334 (+28.1%), from €541,981 to €694,315
of which Distributable reserves: +€83,795
- Debts after one year -€32,614
down €32,614 (-5.6%), from €578,841 to €546,228
- Other debts -€26,472
down €26,472 (-83.9%), from €31,561 to €5,089
- Gross operating margin +€21,141
up €21,141 (+9.9%), from €213,823 to €234,964
- Financial charges -€14,576
down €14,576 (-56.0%), from €26,047 to €11,471
- Financial income +€14,001
up €14,001 (+1394.6%), from €1,004 to €15,005
- Taxes +€8,262
up €8,262 (+16.2%), from €50,845 to €59,107
- Depreciation +€2,491
up €2,491 (+12.5%), from €19,975 to €22,466
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,206,028 | €1,322,090 | +€116,062 | +9.6% |
| Fixed assets | 21/28 | €812,245 | €789,779 | -€22,466 | -2.8% |
| Tangible fixed assets | 22/27 | €812,245 | €789,779 | -€22,466 | -2.8% |
| Land and buildings | 22 | €809,543 | €787,704 | -€21,839 | -2.7% |
| Furniture and vehicles | 24 | €2,702 | €2,075 | -€627 | -23.2% |
| Current assets | 29/58 | €393,783 | €532,311 | +€138,528 | +35.2% |
| Amounts receivable within one year | 40/41 | €224,932 | €237,568 | +€12,636 | +5.6% |
| Trade receivables | 40 | €22,581 | €30,000 | +€7,419 | +32.9% |
| Other amounts receivable | 41 | €202,350 | €207,568 | +€5,217 | +2.6% |
| Current investments | 50/53 | €110,000 | €156,292 | +€46,293 | +42.1% |
| Cash at bank and in hand | 54/58 | €58,435 | €120,233 | +€61,798 | +105.8% |
| Deferred charges and accrued income | 490/1 | €417 | €18,218 | +€17,801 | +4270.9% |
| Total equity and liabilities | 10/49 | €1,206,028 | €1,322,090 | +€116,062 | +9.6% |
| Equity | 10/15 | €544,981 | €697,315 | +€152,334 | +28.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €541,981 | €694,315 | +€152,334 | +28.1% |
| Tax-exempt reserves | 132 | - | €68,538 | +€68,538 | |
| Distributable reserves | 133 | €541,981 | €625,777 | +€83,795 | +15.5% |
| Amounts payable | 17/49 | €661,047 | €624,775 | -€36,272 | -5.5% |
| Amounts payable after more than one year | 17 | €578,841 | €546,228 | -€32,614 | -5.6% |
| Financial debts | 170/4 | €578,841 | €546,228 | -€32,614 | -5.6% |
| Amounts payable within one year | 42/48 | €75,118 | €69,675 | -€5,443 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €32,091 | €42,700 | +€10,609 | +33.1% |
| Trade debts | 44 | €2,693 | €286 | -€2,407 | -89.4% |
| Suppliers | 440/4 | €2,693 | €286 | -€2,407 | -89.4% |
| Taxes, remuneration and social security | 45 | €8,773 | €21,600 | +€12,827 | +146.2% |
| Taxes | 450/3 | €8,773 | €21,600 | +€12,827 | +146.2% |
| Other amounts payable | 47/48 | €31,561 | €5,089 | -€26,472 | -83.9% |
| Accrued charges and deferred income | 492/3 | €7,087 | €8,872 | +€1,785 | +25.2% |
| Non-recurring operating income | 76A | €349,351 | - | -€349,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,975 | €22,466 | +€2,491 | +12.5% |
| Other operating charges | 640/8 | €3,567 | €4,590 | +€1,024 | +28.7% |
| Gross operating margin | 9900 | €213,823 | €234,964 | +€21,141 | +9.9% |
| Operating profit (loss) | 9901 | €190,281 | €207,907 | +€17,627 | +9.3% |
| Financial income | 75/76B | €1,004 | €15,005 | +€14,001 | +1394.6% |
| Recurring financial income | 75 | €1,004 | €15,005 | +€14,001 | +1394.6% |
| Financial charges | 65/66B | €26,047 | €11,471 | -€14,576 | -56.0% |
| Recurring financial charges | 65 | €26,047 | €11,471 | -€14,576 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €165,238 | €211,441 | +€46,203 | +28.0% |
| Income taxes | 67/77 | €50,845 | €59,107 | +€8,262 | +16.2% |
| Profit (loss) for the period | 9904 | €114,392 | €152,334 | +€37,942 | +33.2% |
| Transfer to tax-exempt reserves | 689 | - | €68,538 | +€68,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €114,392 | €83,795 | -€30,597 | -26.7% |
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 7 October 2026 via checked.be.