SUPER BALISE: 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.
SUPER BALISE
Largest movements
- Receivables within one year +€169,996
up €169,996 (+558%), from €30,468 to €200,464
of which Other amounts receivable: +€180,771
- Cash +€58,865
up €58,865 (+39.1%), from €150,530 to €209,396
mainly Other debts (+€150,230) and Net result for the year (+€112,301)
- Tangible fixed assets +€42,604
new in 2025: €42,604
- Other debts +€150,230
new in 2025: €150,230
- Profit (loss) carried forward +€100,864
up €100,864 (+86.6%), from €116,439 to €217,303
- Debts after one year -€68,576
down €68,576 (-9.3%), from €738,603 to €670,027
- Tax, wage and social debts +€39,774
up €39,774 (+77.0%), from €51,688 to €91,462
- Current portion of long-term debt +€21,794
up €21,794 (+26.1%), from €83,661 to €105,455
- Depreciation +€9,422
new in 2025: €9,422
- Financial charges -€8,356
down €8,356 (-22.9%), from €36,430 to €28,074
- Gross operating margin -€7,353
down €7,353 (-4.0%), from €185,751 to €178,398
- Financial income +€4,724
up €4,724 (+1,488%), from €317 to €5,042
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 | €1,132,238 | €1,405,747 | +€273,510 | +24.2% |
| Fixed assets | 21/28 | €951,239 | €993,843 | +€42,604 | +4.5% |
| Tangible fixed assets | 22/27 | - | €42,604 | +€42,604 | |
| Furniture and vehicles | 24 | - | €42,604 | +€42,604 | |
| Financial fixed assets | 28 | €951,239 | €951,239 | = | 0.0% |
| Current assets | 29/58 | €180,998 | €411,904 | +€230,906 | +128% |
| Amounts receivable within one year | 40/41 | €30,468 | €200,464 | +€169,996 | +558% |
| Trade receivables | 40 | €29,554 | €18,779 | -€10,776 | -36.5% |
| Other amounts receivable | 41 | €914 | €181,685 | +€180,771 | +19,782% |
| Cash at bank and in hand | 54/58 | €150,530 | €209,396 | +€58,865 | +39.1% |
| Deferred charges and accrued income | 490/1 | - | €2,044 | +€2,044 | |
| Total equity and liabilities | 10/49 | €1,132,238 | €1,405,747 | +€273,510 | +24.2% |
| Equity | 10/15 | €256,439 | €368,740 | +€112,301 | +43.8% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Capital | 10 | €140,000 | €140,000 | = | 0.0% |
| Issued capital | 100 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | - | €11,437 | +€11,437 | |
| Non-distributable reserves | 130/1 | - | €11,437 | +€11,437 | |
| Legal reserve | 130 | - | €11,437 | +€11,437 | |
| Profit (loss) carried forward | 14 | €116,439 | €217,303 | +€100,864 | +86.6% |
| Amounts payable | 17/49 | €875,799 | €1,037,007 | +€161,208 | +18.4% |
| Amounts payable after more than one year | 17 | €738,603 | €670,027 | -€68,576 | -9.3% |
| Financial debts | 170/4 | €738,603 | €670,027 | -€68,576 | -9.3% |
| Amounts payable within one year | 42/48 | €137,196 | €366,980 | +€229,784 | +167% |
| Current portion of amounts payable after more than one year | 42 | €83,661 | €105,455 | +€21,794 | +26.1% |
| Trade debts | 44 | €1,847 | €19,833 | +€17,986 | +974% |
| Suppliers | 440/4 | €1,847 | €19,833 | +€17,986 | +974% |
| Taxes, remuneration and social security | 45 | €51,688 | €91,462 | +€39,774 | +77.0% |
| Taxes | 450/3 | €51,688 | €91,462 | +€39,774 | +77.0% |
| Other amounts payable | 47/48 | - | €150,230 | +€150,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,422 | +€9,422 | |
| Other operating charges | 640/8 | - | €1,423 | +€1,423 | |
| Gross operating margin | 9900 | €185,751 | €178,398 | -€7,353 | -4.0% |
| Operating profit (loss) | 9901 | €185,751 | €167,553 | -€18,198 | -9.8% |
| Financial income | 75/76B | €317 | €5,042 | +€4,724 | +1,488% |
| Recurring financial income | 75 | €317 | €5,042 | +€4,724 | +1,488% |
| Financial charges | 65/66B | €36,430 | €28,074 | -€8,356 | -22.9% |
| Recurring financial charges | 65 | €36,430 | €28,074 | -€8,356 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €149,639 | €144,521 | -€5,118 | -3.4% |
| Income taxes | 67/77 | €33,200 | €32,219 | -€981 | -3.0% |
| Profit (loss) for the period | 9904 | €116,439 | €112,301 | -€4,138 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €116,439 | €112,301 | -€4,138 | -3.6% |
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 19 October 2026 via checked.be.