SUPER-VISIONS: 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-VISIONS
Largest movements
- Receivables within one year -€39,745
down €39,745 (-36.7%), from €108,195 to €68,450
of which Trade receivables: -€36,831
- Cash +€19,861
up €19,861 (+41.0%), from €48,400 to €68,261
mainly Receivables within one year (+€39,745) and Depreciation (+€20,377)
- Tangible fixed assets -€17,815
down €17,815 (-19.2%), from €92,659 to €74,844
of which Furniture and vehicles: -€9,695
- Deferred charges and accrued income -€3,829
down €3,829 (-12.6%), from €30,297 to €26,468
- Trade debts -€32,546
down €32,546 (-25.2%), from €129,292 to €96,746
- Debts after one year -€25,676
down €25,676 (-32.7%), from €78,507 to €52,831
- Tax, wage and social debts +€9,245
up €9,245 (+141%), from €6,552 to €15,798
of which Remuneration and social security: +€5,512
- Profit (loss) carried forward +€6,556
up €6,556 (+17.0%), from -€38,479 to -€31,922
- Gross operating margin -€33,542
down €33,542 (-21.0%), from €159,440 to €125,897
- Staff costs -€3,077
down €3,077 (-3.1%), from €98,095 to €95,018
- Financial income +€2,922
up €2,922 (+3,420%), from €85 to €3,008
- Depreciation -€2,885
down €2,885 (-12.4%), from €23,262 to €20,377
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,217 | €264,128 | -€44,089 | -14.3% |
| Formation expenses | 20 | €16,167 | €13,605 | -€2,562 | -15.8% |
| Fixed assets | 21/28 | €92,659 | €74,844 | -€17,815 | -19.2% |
| Tangible fixed assets | 22/27 | €92,659 | €74,844 | -€17,815 | -19.2% |
| Furniture and vehicles | 24 | €13,612 | €3,916 | -€9,695 | -71.2% |
| Other tangible fixed assets | 26 | €79,048 | €70,928 | -€8,120 | -10.3% |
| Current assets | 29/58 | €199,391 | €175,678 | -€23,713 | -11.9% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Contracts in progress | 37 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €108,195 | €68,450 | -€39,745 | -36.7% |
| Trade receivables | 40 | €71,627 | €34,796 | -€36,831 | -51.4% |
| Other amounts receivable | 41 | €36,568 | €33,654 | -€2,913 | -8.0% |
| Cash at bank and in hand | 54/58 | €48,400 | €68,261 | +€19,861 | +41.0% |
| Deferred charges and accrued income | 490/1 | €30,297 | €26,468 | -€3,829 | -12.6% |
| Total equity and liabilities | 10/49 | €308,217 | €264,128 | -€44,089 | -14.3% |
| Equity | 10/15 | €61,521 | €68,078 | +€6,556 | +10.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,479 | -€31,922 | +€6,556 | +17.0% |
| Amounts payable | 17/49 | €246,696 | €196,050 | -€50,645 | -20.5% |
| Amounts payable after more than one year | 17 | €78,507 | €52,831 | -€25,676 | -32.7% |
| Financial debts | 170/4 | €78,507 | €52,831 | -€25,676 | -32.7% |
| Amounts payable within one year | 42/48 | €168,189 | €143,219 | -€24,970 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €32,345 | €30,676 | -€1,669 | -5.2% |
| Trade debts | 44 | €129,292 | €96,746 | -€32,546 | -25.2% |
| Suppliers | 440/4 | €129,292 | €96,746 | -€32,546 | -25.2% |
| Taxes, remuneration and social security | 45 | €6,552 | €15,798 | +€9,245 | +141% |
| Taxes | 450/3 | €6,552 | €10,286 | +€3,734 | +57.0% |
| Remuneration and social security | 454/9 | €0 | €5,512 | +€5,512 | |
| Remuneration, social security and pensions | 62 | €98,095 | €95,018 | -€3,077 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,262 | €20,377 | -€2,885 | -12.4% |
| Other operating charges | 640/8 | €628 | €615 | -€13 | -2.1% |
| Gross operating margin | 9900 | €159,440 | €125,897 | -€33,542 | -21.0% |
| Operating profit (loss) | 9901 | €37,454 | €9,887 | -€27,567 | -73.6% |
| Financial income | 75/76B | €85 | €3,008 | +€2,922 | +3,420% |
| Recurring financial income | 75 | €85 | €3,008 | +€2,922 | +3,420% |
| Financial charges | 65/66B | €6,418 | €6,155 | -€263 | -4.1% |
| Recurring financial charges | 65 | €6,418 | €6,155 | -€263 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €31,121 | €6,740 | -€24,382 | -78.3% |
| Income taxes | 67/77 | €215 | €183 | -€32 | -14.8% |
| Profit (loss) for the period | 9904 | €30,906 | €6,556 | -€24,350 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,906 | €6,556 | -€24,350 | -78.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.