SUPCOWEL: what changed
What changed
SUPCOWEL
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€627,008
2024 · €456,245+€170,762
Equity
€1.6m
2024 · €1.6m+€27,008
Cash
€421,422
2024 · €239,760+€181,662
Balance sheet total
€3.8m
2024 · €3.5m+€329,921
Largest movements
Assets
- Receivables within one year +€249,522
up €249,522 (+32.5%), from €768,511 to €1.0m
of which Other amounts receivable: +€239,782
- Cash +€181,662
up €181,662 (+75.8%), from €239,760 to €421,422
mainly Net result for the year (+€627,008) and Other debts (+€356,956)
- Tangible fixed assets -€78,504
down €78,504 (-9.2%), from €852,346 to €773,842
of which Land and buildings: -€78,721
- Current investments -€60,341
down €60,341 (-9.4%), from €645,170 to €584,829
- Stocks and contracts +€40,179
up €40,179 (+7.9%), from €506,594 to €546,773
Equity and liabilities
- Other debts +€356,956
up €356,956 (+26.3%), from €1.4m to €1.7m
- Trade debts -€53,392
down €53,392 (-15.3%), from €348,034 to €294,642
Income statement
- Financial income +€273,017
up €273,017 (+1,322%), from €20,648 to €293,665
- Gross operating margin -€102,186
down €102,186 (-7.0%), from €1.5m to €1.4m
- Taxes -€31,197
down €31,197 (-20.2%), from €154,525 to €123,327
- Staff costs +€27,880
up €27,880 (+4.3%), from €642,489 to €670,369
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€456,245
Gross operating margin
-€102,186
Staff costs
-€27,880
Depreciation
-€9,364
Other operating charges
+€3,971
Financial income
+€273,017
Financial charges
+€2,006
Taxes
+€31,197
Result 2025
€627,008
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€821,725
Investment
-€8,429
Financing
-€631,634
Cash 2024
€239,760
From operations (derived)
+€821,725
Net result for the year
+€627,008
Depreciation
+€147,274
Stocks and contracts
-€40,179
Receivables within one year
-€249,522
Deferred charges and accrued income
+€2,598
Trade debts
-€53,392
Tax, wage and social debts
+€30,984
Other debts
+€356,956
Investment (derived)
-€8,429
Investment in fixed assets (net)
-€68,770
Current investments
+€60,341
Financing
-€631,634
Debts after one year
-€32,673
Current portion of long-term debt
+€1,038
Contributions, distributions and other
-€600,000
Cash 2025
€421,422
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,519,574 | €3,849,495 | +€329,921 | +9.4% |
| Fixed assets | 21/28 | €855,112 | €776,608 | -€78,504 | -9.2% |
| Tangible fixed assets | 22/27 | €852,346 | €773,842 | -€78,504 | -9.2% |
| Land and buildings | 22 | €587,511 | €508,789 | -€78,721 | -13.4% |
| Plant, machinery and equipment | 23 | €250,961 | €253,546 | +€2,584 | +1.0% |
| Other tangible fixed assets | 26 | €13,874 | €11,507 | -€2,367 | -17.1% |
| Financial fixed assets | 28 | €2,766 | €2,766 | = | 0.0% |
| Current assets | 29/58 | €2,664,462 | €3,072,886 | +€408,425 | +15.3% |
| Amounts receivable after more than one year | 29 | €499,684 | €499,684 | = | 0.0% |
| Other amounts receivable | 291 | €499,684 | €499,684 | = | 0.0% |
| Stocks and contracts in progress | 3 | €506,594 | €546,773 | +€40,179 | +7.9% |
| Stocks | 30/36 | €506,594 | €546,773 | +€40,179 | +7.9% |
| Amounts receivable within one year | 40/41 | €768,511 | €1,018,033 | +€249,522 | +32.5% |
| Trade receivables | 40 | €154,713 | €164,453 | +€9,741 | +6.3% |
| Other amounts receivable | 41 | €613,798 | €853,580 | +€239,782 | +39.1% |
| Current investments | 50/53 | €645,170 | €584,829 | -€60,341 | -9.4% |
| Cash at bank and in hand | 54/58 | €239,760 | €421,422 | +€181,662 | +75.8% |
| Deferred charges and accrued income | 490/1 | €4,743 | €2,145 | -€2,598 | -54.8% |
| Total equity and liabilities | 10/49 | €3,519,574 | €3,849,495 | +€329,921 | +9.4% |
| Equity | 10/15 | €1,598,210 | €1,625,218 | +€27,008 | +1.7% |
| Contributions | 10/11 | €163,500 | €163,500 | = | 0.0% |
| Reserves | 13 | €1,434,710 | €1,461,718 | +€27,008 | +1.9% |
| Distributable reserves | 133 | €1,434,710 | €1,461,718 | +€27,008 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,921,363 | €2,224,277 | +€302,913 | +15.8% |
| Amounts payable after more than one year | 17 | €46,601 | €13,928 | -€32,673 | -70.1% |
| Financial debts | 170/4 | €46,601 | €13,928 | -€32,673 | -70.1% |
| Amounts payable within one year | 42/48 | €1,874,762 | €2,210,348 | +€335,586 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €31,634 | €32,673 | +€1,038 | +3.3% |
| Trade debts | 44 | €348,034 | €294,642 | -€53,392 | -15.3% |
| Suppliers | 440/4 | €348,034 | €294,642 | -€53,392 | -15.3% |
| Taxes, remuneration and social security | 45 | €139,803 | €170,787 | +€30,984 | +22.2% |
| Taxes | 450/3 | €48,137 | €81,170 | +€33,033 | +68.6% |
| Remuneration and social security | 454/9 | €91,667 | €89,617 | -€2,050 | -2.2% |
| Other amounts payable | 47/48 | €1,355,291 | €1,712,247 | +€356,956 | +26.3% |
| Remuneration, social security and pensions | 62 | €642,489 | €670,369 | +€27,880 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,910 | €147,274 | +€9,364 | +6.8% |
| Other operating charges | 640/8 | €26,093 | €22,121 | -€3,971 | -15.2% |
| Gross operating margin | 9900 | €1,466,946 | €1,364,759 | -€102,186 | -7.0% |
| Operating profit (loss) | 9901 | €660,454 | €524,995 | -€135,458 | -20.5% |
| Financial income | 75/76B | €20,648 | €293,665 | +€273,017 | +1,322% |
| Recurring financial income | 75 | €20,648 | €293,665 | +€273,017 | +1,322% |
| Financial charges | 65/66B | €70,331 | €68,325 | -€2,006 | -2.9% |
| Recurring financial charges | 65 | €70,331 | €68,325 | -€2,006 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €610,770 | €750,335 | +€139,565 | +22.9% |
| Income taxes | 67/77 | €154,525 | €123,327 | -€31,197 | -20.2% |
| Profit (loss) for the period | 9904 | €456,245 | €627,008 | +€170,762 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €456,245 | €627,008 | +€170,762 | +37.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.