Super Invest: what changed
What changed
Super Invest
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€996,456
2024 · €1.3m-€346,292
Equity
€22.9m
2024 · €31.8m-€9.0m
Cash
€460,449
2024 · €252,776+€207,673
Balance sheet total
€58.2m
2024 · €61.2m-€2.9m
Largest movements
Assets
- Receivables after one year +€6.7m
new in 2025: €6.7m
- Receivables within one year -€5.3m
down €5.3m (-24.0%), from €22.2m to €16.9m
of which Other amounts receivable: -€5.2m
- Tangible fixed assets -€4.5m
down €4.5m (-11.7%), from €38.5m to €34.0m
of which Land and buildings: -€4.3m
Equity and liabilities
- Other debts +€10.9m
up €10.9m (+9,222%), from €118,000 to €11.0m
- Debts after one year -€6.4m
down €6.4m (-26.9%), from €23.8m to €17.4m
of which Financial debts: -€6.4m
- Reserves -€5.3m
down €5.3m (-38.4%), from €13.9m to €8.6m
of which Distributable reserves: -€5.1m
- Profit (loss) carried forward -€4.7m
no longer reported in 2025 (was €4.7m)
- Current portion of long-term debt +€2.1m
up €2.1m (+146%), from €1.5m to €3.6m
Income statement
- Gross operating margin +€902,195
up €902,195 (+78.0%), from €1.2m to €2.1m
- Financial income -€459,396
down €459,396 (-26.4%), from €1.7m to €1.3m
- Depreciation +€374,060
up €374,060 (+56.8%), from €658,844 to €1.0m
- Taxes +€263,610
up €263,610 (+269%), from €98,117 to €361,727
- Financial charges +€263,181
up €263,181 (+33.2%), from €792,237 to €1.1m
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
€1.3m
Gross operating margin
+€902,195
Depreciation
-€374,060
Other operating charges
-€17,954
Other operating items
-€1,551
Financial income
-€459,396
Financial charges
-€263,181
Taxes
-€263,610
Deferred taxes and other
+€131,265
Result 2025
€996,456
raises the resultlowers the resultnot broken down further in the accounts
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
+€11.0m
Investment
+€3.5m
Financing
-€14.2m
Cash 2024
€252,776
From operations (derived)
+€11.0m
Net result for the year
+€996,456
Depreciation
+€1.0m
Receivables after one year
-€6.7m
Receivables within one year
+€5.3m
Deferred charges and accrued income
-€59,843
Provisions
-€131,265
Trade debts
-€369,034
Tax, wage and social debts
-€140,900
Other debts
+€10.9m
Accrued charges and deferred income
+€56,463
Investment (derived)
+€3.5m
Investment in fixed assets (net)
+€3.5m
Financing
-€14.2m
Debts after one year
-€6.4m
Current portion of long-term debt
+€2.1m
Contributions, distributions and other
-€10.0m
Cash 2025
€460,449
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,151,141 | €58,211,675 | -€2.9m | -4.8% |
| Fixed assets | 21/28 | €38,543,079 | €34,027,274 | -€4.5m | -11.7% |
| Tangible fixed assets | 22/27 | €38,543,079 | €34,027,274 | -€4.5m | -11.7% |
| Land and buildings | 22 | €34,785,779 | €30,521,347 | -€4.3m | -12.3% |
| Furniture and vehicles | 24 | €1,065 | €44,405 | +€43,340 | +4,070% |
| Leasing and similar rights | 25 | €2,776,284 | €2,522,951 | -€253,333 | -9.1% |
| Other tangible fixed assets | 26 | €979,951 | €938,571 | -€41,380 | -4.2% |
| Current assets | 29/58 | €22,608,062 | €24,184,401 | +€1.6m | +7.0% |
| Amounts receivable after more than one year | 29 | - | €6,655,937 | +€6.7m | |
| Other amounts receivable | 291 | - | €6,655,937 | +€6.7m | |
| Amounts receivable within one year | 40/41 | €22,245,856 | €16,898,743 | -€5.3m | -24.0% |
| Trade receivables | 40 | €481,840 | €346,096 | -€135,745 | -28.2% |
| Other amounts receivable | 41 | €21,764,016 | €16,552,647 | -€5.2m | -23.9% |
| Cash at bank and in hand | 54/58 | €252,776 | €460,449 | +€207,673 | +82.2% |
| Deferred charges and accrued income | 490/1 | €109,430 | €169,273 | +€59,843 | +54.7% |
| Total equity and liabilities | 10/49 | €61,151,141 | €58,211,675 | -€2.9m | -4.8% |
| Equity | 10/15 | €31,829,202 | €22,857,131 | -€9.0m | -28.2% |
| Contributions | 10/11 | €13,265,064 | €14,296,537 | +€1.0m | +7.8% |
| Capital | 10 | €13,265,064 | €14,296,537 | +€1.0m | +7.8% |
| Issued capital | 100 | €14,296,537 | €14,296,537 | = | 0.0% |
| Uncalled capital | 101 | €1,031,474 | - | -€1.0m | |
| Reserves | 13 | €13,898,891 | €8,560,594 | -€5.3m | -38.4% |
| Non-distributable reserves | 130/1 | €155,857 | €219,893 | +€64,036 | +41.1% |
| Legal reserve | 130 | €150,905 | €214,941 | +€64,036 | +42.4% |
| Reserves not available under the articles | 1311 | €4,952 | €4,952 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,395,435 | €5,111,173 | -€284,262 | -5.3% |
| Distributable reserves | 133 | €8,347,600 | €3,229,528 | -€5.1m | -61.3% |
| Profit (loss) carried forward | 14 | €4,665,247 | - | -€4.7m | |
| Provisions and deferred taxes | 16 | €2,853,636 | €2,722,371 | -€131,265 | -4.6% |
| Deferred taxes | 168 | €2,853,636 | €2,722,371 | -€131,265 | -4.6% |
| Amounts payable | 17/49 | €26,468,303 | €32,632,172 | +€6.2m | +23.3% |
| Amounts payable after more than one year | 17 | €23,842,329 | €17,430,415 | -€6.4m | -26.9% |
| Financial debts | 170/4 | €23,842,329 | €17,406,015 | -€6.4m | -27.0% |
| Other amounts payable | 178/9 | - | €24,400 | +€24,400 | |
| Amounts payable within one year | 42/48 | €2,402,700 | €14,922,019 | +€12.5m | +521% |
| Current portion of amounts payable after more than one year | 42 | €1,471,856 | €3,619,109 | +€2.1m | +146% |
| Trade debts | 44 | €648,447 | €279,413 | -€369,034 | -56.9% |
| Suppliers | 440/4 | €648,447 | €279,413 | -€369,034 | -56.9% |
| Taxes, remuneration and social security | 45 | €164,396 | €23,496 | -€140,900 | -85.7% |
| Taxes | 450/3 | €164,396 | €23,496 | -€140,900 | -85.7% |
| Other amounts payable | 47/48 | €118,000 | €11,000,000 | +€10.9m | +9,222% |
| Accrued charges and deferred income | 492/3 | €223,275 | €279,738 | +€56,463 | +25.3% |
| Non-recurring operating income | 76A | €4,958 | €100,520 | +€95,562 | +1,927% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658,844 | €1,032,904 | +€374,060 | +56.8% |
| Other operating charges | 640/8 | €8,109 | €26,063 | +€17,954 | +221% |
| Non-recurring operating charges | 66A | - | €1,551 | +€1,551 | |
| Gross operating margin | 9900 | €1,156,869 | €2,059,063 | +€902,195 | +78.0% |
| Operating profit (loss) | 9901 | €489,916 | €998,545 | +€508,629 | +104% |
| Financial income | 75/76B | €1,743,187 | €1,283,791 | -€459,396 | -26.4% |
| Recurring financial income | 75 | €1,743,187 | €1,283,791 | -€459,396 | -26.4% |
| Financial charges | 65/66B | €792,237 | €1,055,418 | +€263,181 | +33.2% |
| Recurring financial charges | 65 | €792,237 | €1,055,418 | +€263,181 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €1,440,866 | €1,226,918 | -€213,948 | -14.8% |
| Transfer from deferred taxes | 780 | - | €131,265 | +€131,265 | |
| Income taxes | 67/77 | €98,117 | €361,727 | +€263,610 | +269% |
| Profit (loss) for the period | 9904 | €1,342,749 | €996,456 | -€346,292 | -25.8% |
| Transfer from tax-exempt reserves | 789 | €300,795 | €284,262 | -€16,533 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,643,543 | €1,280,718 | -€362,825 | -22.1% |
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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 5 November 2026 via checked.be.