SUPERDEAL: 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.
SUPERDEAL
Largest movements
- Tangible fixed assets -€79,274
down €79,274 (-7.5%), from €1.1m to €982,448
of which Land and buildings: -€53,127
- Cash -€25,779
down €25,779 (-25.2%), from €102,440 to €76,660
mainly Debts after one year (-€99,911) and Receivables within one year (-€20,478)
- Receivables within one year +€20,478
up €20,478 (+25.3%), from €80,952 to €101,430
of which Other amounts receivable: +€28,033
- Debts after one year -€99,911
down €99,911 (-11.2%), from €888,851 to €788,940
- Gross operating margin -€80,657
down €80,657 (-25.0%), from €322,173 to €241,517
- Taxes -€24,394
down €24,394 (-74.8%), from €32,616 to €8,222
- Financial income -€7,447
down €7,447 (-79.5%), from €9,369 to €1,922
of which Non-recurring financial income: -€7,500
- Financial charges -€5,928
down €5,928 (-18.5%), from €32,077 to €26,150
- Staff costs -€5,271
down €5,271 (-4.8%), from €110,313 to €105,042
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 | €1,579,461 | €1,495,871 | -€83,590 | -5.3% |
| Fixed assets | 21/28 | €1,064,722 | €985,448 | -€79,274 | -7.4% |
| Tangible fixed assets | 22/27 | €1,061,722 | €982,448 | -€79,274 | -7.5% |
| Land and buildings | 22 | €990,348 | €937,221 | -€53,127 | -5.4% |
| Furniture and vehicles | 24 | €61,547 | €36,675 | -€24,873 | -40.4% |
| Other tangible fixed assets | 26 | €9,826 | €8,552 | -€1,274 | -13.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €514,739 | €510,423 | -€4,316 | -0.8% |
| Amounts receivable after more than one year | 29 | €64,322 | €64,322 | = | 0.0% |
| Other amounts receivable | 291 | €64,322 | €64,322 | = | 0.0% |
| Stocks and contracts in progress | 3 | €248,929 | €249,468 | +€539 | +0.2% |
| Stocks | 30/36 | €248,929 | €249,468 | +€539 | +0.2% |
| Amounts receivable within one year | 40/41 | €80,952 | €101,430 | +€20,478 | +25.3% |
| Trade receivables | 40 | €11,625 | €4,070 | -€7,555 | -65.0% |
| Other amounts receivable | 41 | €69,327 | €97,360 | +€28,033 | +40.4% |
| Cash at bank and in hand | 54/58 | €102,440 | €76,660 | -€25,779 | -25.2% |
| Deferred charges and accrued income | 490/1 | €18,097 | €18,543 | +€446 | +2.5% |
| Total equity and liabilities | 10/49 | €1,579,461 | €1,495,871 | -€83,590 | -5.3% |
| Equity | 10/15 | €532,648 | €534,537 | +€1,889 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,660 | €84,660 | +€6,000 | +7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €76,800 | €82,800 | +€6,000 | +7.8% |
| Profit (loss) carried forward | 14 | €435,388 | €431,277 | -€4,111 | -0.9% |
| Amounts payable | 17/49 | €1,046,813 | €961,334 | -€85,479 | -8.2% |
| Amounts payable after more than one year | 17 | €888,851 | €788,940 | -€99,911 | -11.2% |
| Financial debts | 170/4 | €888,851 | €788,940 | -€99,911 | -11.2% |
| Amounts payable within one year | 42/48 | €157,962 | €172,394 | +€14,433 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €105,806 | €99,911 | -€5,895 | -5.6% |
| Trade debts | 44 | €5,472 | €11,854 | +€6,381 | +117% |
| Suppliers | 440/4 | €5,472 | €11,854 | +€6,381 | +117% |
| Taxes, remuneration and social security | 45 | €46,684 | €60,629 | +€13,946 | +29.9% |
| Taxes | 450/3 | €32,243 | €32,486 | +€243 | +0.8% |
| Remuneration and social security | 454/9 | €14,440 | €28,143 | +€13,703 | +94.9% |
| Remuneration, social security and pensions | 62 | €110,313 | €105,042 | -€5,271 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,898 | €81,090 | +€1,192 | +1.5% |
| Other operating charges | 640/8 | €17,685 | €16,782 | -€903 | -5.1% |
| Gross operating margin | 9900 | €322,173 | €241,517 | -€80,657 | -25.0% |
| Operating profit (loss) | 9901 | €114,277 | €38,603 | -€75,675 | -66.2% |
| Financial income | 75/76B | €9,369 | €1,922 | -€7,447 | -79.5% |
| Recurring financial income | 75 | €1,869 | €1,922 | +€53 | +2.8% |
| Non-recurring financial income | 76B | €7,500 | - | -€7,500 | |
| Financial charges | 65/66B | €32,077 | €26,150 | -€5,928 | -18.5% |
| Recurring financial charges | 65 | €32,077 | €26,150 | -€5,928 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €91,569 | €14,375 | -€77,194 | -84.3% |
| Income taxes | 67/77 | €32,616 | €8,222 | -€24,394 | -74.8% |
| Profit (loss) for the period | 9904 | €58,953 | €6,153 | -€52,801 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,953 | €6,153 | -€52,801 | -89.6% |
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 17 October 2026 via checked.be.