Supercaddy: 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.
Supercaddy
Largest movements
- Stocks and contracts -€161,491
down €161,491 (-38.8%), from €416,711 to €255,220
- Tangible fixed assets -€67,478
down €67,478 (-27.2%), from €248,368 to €180,889
of which Leasing and similar rights: -€51,528
- Receivables within one year -€62,008
down €62,008 (-9.9%), from €623,730 to €561,722
of which Trade receivables: -€109,159
- Cash -€37,793
down €37,793 (-15.5%), from €244,279 to €206,486
mainly Trade debts (-€364,165) and Contributions, distributions and other (-€160,000)
- Trade debts -€364,165
down €364,165 (-41.8%), from €871,424 to €507,260
- Short-term financial debts +€55,000
new in 2025: €55,000
- Current portion of long-term debt -€20,839
down €20,839 (-20.5%), from €101,443 to €80,603
- Tax, wage and social debts +€16,949
up €16,949 (+16.6%), from €102,077 to €119,026
of which Remuneration and social security: +€9,446
- Debts after one year -€15,744
down €15,744 (-42.8%), from €36,781 to €21,037
- Other operating charges -€20,332
down €20,332 (-45.2%), from €44,957 to €24,625
- Taxes +€16,683
up €16,683 (+37.8%), from €44,085 to €60,768
- Financial charges -€13,418
down €13,418 (-30.8%), from €43,577 to €30,159
- Depreciation -€12,076
down €12,076 (-14.1%), from €85,941 to €73,865
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 | €1,537,692 | €1,209,172 | -€328,520 | -21.4% |
| Fixed assets | 21/28 | €248,752 | €181,274 | -€67,478 | -27.1% |
| Tangible fixed assets | 22/27 | €248,368 | €180,889 | -€67,478 | -27.2% |
| Land and buildings | 22 | €115,182 | €123,460 | +€8,278 | +7.2% |
| Plant, machinery and equipment | 23 | €32,634 | €16,507 | -€16,127 | -49.4% |
| Furniture and vehicles | 24 | €19,367 | €11,266 | -€8,101 | -41.8% |
| Leasing and similar rights | 25 | €81,184 | €29,656 | -€51,528 | -63.5% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €1,288,940 | €1,027,898 | -€261,042 | -20.3% |
| Stocks and contracts in progress | 3 | €416,711 | €255,220 | -€161,491 | -38.8% |
| Stocks | 30/36 | €416,711 | €255,220 | -€161,491 | -38.8% |
| Amounts receivable within one year | 40/41 | €623,730 | €561,722 | -€62,008 | -9.9% |
| Trade receivables | 40 | €135,107 | €25,948 | -€109,159 | -80.8% |
| Other amounts receivable | 41 | €488,623 | €535,775 | +€47,151 | +9.6% |
| Cash at bank and in hand | 54/58 | €244,279 | €206,486 | -€37,793 | -15.5% |
| Deferred charges and accrued income | 490/1 | €4,220 | €4,469 | +€250 | +5.9% |
| Total equity and liabilities | 10/49 | €1,537,692 | €1,209,172 | -€328,520 | -21.4% |
| Equity | 10/15 | €425,267 | €424,296 | -€971 | -0.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €124,453 | €124,453 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €118,255 | €118,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,841 | €237,870 | -€971 | -0.4% |
| Amounts payable | 17/49 | €1,112,425 | €784,876 | -€327,549 | -29.4% |
| Amounts payable after more than one year | 17 | €36,781 | €21,037 | -€15,744 | -42.8% |
| Financial debts | 170/4 | €36,781 | €21,037 | -€15,744 | -42.8% |
| Amounts payable within one year | 42/48 | €1,074,944 | €762,778 | -€312,166 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €101,443 | €80,603 | -€20,839 | -20.5% |
| Financial debts | 43 | - | €55,000 | +€55,000 | |
| Credit institutions | 430/8 | - | €55,000 | +€55,000 | |
| Trade debts | 44 | €871,424 | €507,260 | -€364,165 | -41.8% |
| Suppliers | 440/4 | €871,424 | €507,260 | -€364,165 | -41.8% |
| Taxes, remuneration and social security | 45 | €102,077 | €119,026 | +€16,949 | +16.6% |
| Taxes | 450/3 | €3,077 | €10,580 | +€7,503 | +244% |
| Remuneration and social security | 454/9 | €99,000 | €108,447 | +€9,446 | +9.5% |
| Other amounts payable | 47/48 | - | €889 | +€889 | |
| Accrued charges and deferred income | 492/3 | €700 | €1,060 | +€360 | +51.5% |
| Remuneration, social security and pensions | 62 | €698,160 | €695,137 | -€3,024 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,941 | €73,865 | -€12,076 | -14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €44,957 | €24,625 | -€20,332 | -45.2% |
| Gross operating margin | 9900 | €1,033,771 | €1,039,158 | +€5,387 | +0.5% |
| Operating profit (loss) | 9901 | €204,713 | €245,532 | +€40,819 | +19.9% |
| Financial income | 75/76B | €703 | €4,425 | +€3,722 | +530% |
| Recurring financial income | 75 | €703 | €4,425 | +€3,722 | +530% |
| Financial charges | 65/66B | €43,577 | €30,159 | -€13,418 | -30.8% |
| Recurring financial charges | 65 | €43,577 | €30,159 | -€13,418 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €161,839 | €219,797 | +€57,959 | +35.8% |
| Income taxes | 67/77 | €44,085 | €60,768 | +€16,683 | +37.8% |
| Profit (loss) for the period | 9904 | €117,753 | €159,029 | +€41,276 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,753 | €159,029 | +€41,276 | +35.1% |
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 17 October 2026 via checked.be.