SUPA-BLOW: 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.
SUPA-BLOW
Largest movements
- Stocks and contracts +€367,334
up €367,334 (+77.7%), from €472,457 to €839,791
of which Stocks: +€332,204
- Cash -€363,993
down €363,993 (-56.7%), from €641,767 to €277,774
mainly Stocks and contracts (-€367,334) and Current portion of long-term debt (-€210,101)
- Tangible fixed assets +€64,734
up €64,734 (+17.8%), from €363,481 to €428,215
of which Land and buildings: +€40,173
- Receivables within one year +€42,000
up €42,000 (+12.5%), from €337,104 to €379,104
of which Trade receivables: +€68,583
- Debts after one year +€438,009
up €438,009 (+538%), from €81,370 to €519,379
- Current portion of long-term debt -€210,101
down €210,101 (-73.8%), from €284,842 to €74,740
- Reserves -€82,000
down €82,000 (-11.6%), from €705,610 to €623,610
of which Distributable reserves: -€82,000
- Short-term financial debts -€36,382
no longer reported in 2025 (was €36,382)
- Tax, wage and social debts -€33,651
down €33,651 (-40.2%), from €83,798 to €50,148
of which Taxes: -€32,764
- Gross operating margin -€132,323
down €132,323 (-38.1%), from €347,469 to €215,146
- Taxes -€42,913
down €42,913 (-66.8%), from €64,200 to €21,287
- Financial charges -€19,295
down €19,295 (-42.7%), from €45,181 to €25,887
- Other operating charges +€17,695
up €17,695 (+145%), from €12,170 to €29,864
- Depreciation +€11,092
up €11,092 (+36.8%), from €30,149 to €41,241
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,815,763 | €1,925,838 | +€110,075 | +6.1% |
| Fixed assets | 21/28 | €364,435 | €429,169 | +€64,734 | +17.8% |
| Tangible fixed assets | 22/27 | €363,481 | €428,215 | +€64,734 | +17.8% |
| Land and buildings | 22 | €310,794 | €350,967 | +€40,173 | +12.9% |
| Plant, machinery and equipment | 23 | €20,067 | €18,827 | -€1,240 | -6.2% |
| Furniture and vehicles | 24 | €32,620 | €58,421 | +€25,801 | +79.1% |
| Financial fixed assets | 28 | €954 | €954 | = | 0.0% |
| Current assets | 29/58 | €1,451,328 | €1,496,669 | +€45,341 | +3.1% |
| Stocks and contracts in progress | 3 | €472,457 | €839,791 | +€367,334 | +77.7% |
| Stocks | 30/36 | €472,457 | €804,661 | +€332,204 | +70.3% |
| Contracts in progress | 37 | - | €35,130 | +€35,130 | |
| Amounts receivable within one year | 40/41 | €337,104 | €379,104 | +€42,000 | +12.5% |
| Trade receivables | 40 | €196,568 | €265,151 | +€68,583 | +34.9% |
| Other amounts receivable | 41 | €140,537 | €113,954 | -€26,583 | -18.9% |
| Cash at bank and in hand | 54/58 | €641,767 | €277,774 | -€363,993 | -56.7% |
| Total equity and liabilities | 10/49 | €1,815,763 | €1,925,838 | +€110,075 | +6.1% |
| Equity | 10/15 | €1,146,336 | €1,069,381 | -€76,955 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €705,610 | €623,610 | -€82,000 | -11.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €686,860 | €604,860 | -€82,000 | -11.9% |
| Profit (loss) carried forward | 14 | €422,126 | €427,171 | +€5,045 | +1.2% |
| Amounts payable | 17/49 | €669,427 | €856,457 | +€187,029 | +27.9% |
| Amounts payable after more than one year | 17 | €81,370 | €519,379 | +€438,009 | +538% |
| Financial debts | 170/4 | €81,370 | €519,379 | +€438,009 | +538% |
| Amounts payable within one year | 42/48 | €588,057 | €337,078 | -€250,979 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €284,842 | €74,740 | -€210,101 | -73.8% |
| Financial debts | 43 | €36,382 | - | -€36,382 | |
| Credit institutions | 430/8 | €36,382 | - | -€36,382 | |
| Trade debts | 44 | €33,373 | €38,503 | +€5,129 | +15.4% |
| Suppliers | 440/4 | €33,373 | €38,503 | +€5,129 | +15.4% |
| Advances received on contracts in progress | 46 | €9,811 | €14,611 | +€4,800 | +48.9% |
| Taxes, remuneration and social security | 45 | €83,798 | €50,148 | -€33,651 | -40.2% |
| Taxes | 450/3 | €74,290 | €41,526 | -€32,764 | -44.1% |
| Remuneration and social security | 454/9 | €9,509 | €8,622 | -€887 | -9.3% |
| Other amounts payable | 47/48 | €139,851 | €159,076 | +€19,225 | +13.7% |
| Remuneration, social security and pensions | 62 | €64,005 | €69,352 | +€5,348 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,149 | €41,241 | +€11,092 | +36.8% |
| Other operating charges | 640/8 | €12,170 | €29,864 | +€17,695 | +145% |
| Gross operating margin | 9900 | €347,469 | €215,146 | -€132,323 | -38.1% |
| Operating profit (loss) | 9901 | €241,146 | €74,689 | -€166,458 | -69.0% |
| Financial income | 75/76B | €6,098 | €2,531 | -€3,568 | -58.5% |
| Recurring financial income | 75 | €6,098 | €2,531 | -€3,568 | -58.5% |
| Financial charges | 65/66B | €45,181 | €25,887 | -€19,295 | -42.7% |
| Recurring financial charges | 65 | €45,181 | €25,887 | -€19,295 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €202,064 | €51,333 | -€150,731 | -74.6% |
| Income taxes | 67/77 | €64,200 | €21,287 | -€42,913 | -66.8% |
| Profit (loss) for the period | 9904 | €137,864 | €30,045 | -€107,818 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €137,864 | €30,045 | -€107,818 | -78.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.