SUPERDRAYE: what changed
Two fiscal 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.
SUPERDRAYE
Largest movements
- Cash -€88,316
down €88,316 (-62.3%), from €141,792 to €53,476
mainly Investment in fixed assets (net) (-€221,761) and Tax, wage and social debts (-€62,841)
- Tangible fixed assets +€86,656
up €86,656 (+36.4%), from €238,306 to €324,962
of which Plant, machinery and equipment: +€92,222
- Receivables within one year -€80,777
down €80,777 (-37.5%), from €215,628 to €134,851
of which Trade receivables: -€87,568
- Tax, wage and social debts -€62,841
down €62,841 (-71.9%), from €87,422 to €24,581
of which Taxes: -€58,306
- Other debts -€44,843
down €44,843 (-18.7%), from €239,272 to €194,429
- Profit (loss) carried forward +€29,593
up €29,593 (+12.6%), from €234,499 to €264,093
- Trade debts -€6,136
down €6,136 (-18.7%), from €32,752 to €26,616
- Gross operating margin -€78,612
down €78,612 (-19.9%), from €396,000 to €317,388
- Write-downs +€40,086
new in 2025: €40,086
- Taxes -€29,839
down €29,839 (-90.3%), from €33,047 to €3,208
- Financial charges +€6,462
up €6,462 (+68.7%), from €9,403 to €15,864
- Depreciation +€4,299
up €4,299 (+3.3%), from €131,988 to €136,286
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.
Cash bridge derived
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 | €598,946 | €514,719 | -€84,227 | -14.1% |
| Fixed assets | 21/28 | €240,512 | €325,986 | +€85,474 | +35.5% |
| Intangible fixed assets | 21 | €2,206 | €1,024 | -€1,182 | -53.6% |
| Tangible fixed assets | 22/27 | €238,306 | €324,962 | +€86,656 | +36.4% |
| Plant, machinery and equipment | 23 | €186,925 | €279,147 | +€92,222 | +49.3% |
| Furniture and vehicles | 24 | €51,381 | €45,815 | -€5,566 | -10.8% |
| Current assets | 29/58 | €358,434 | €188,733 | -€169,701 | -47.3% |
| Amounts receivable within one year | 40/41 | €215,628 | €134,851 | -€80,777 | -37.5% |
| Trade receivables | 40 | €215,628 | €128,060 | -€87,568 | -40.6% |
| Other amounts receivable | 41 | - | €6,792 | +€6,792 | |
| Cash at bank and in hand | 54/58 | €141,792 | €53,476 | -€88,316 | -62.3% |
| Deferred charges and accrued income | 490/1 | €1,014 | €406 | -€609 | -60.0% |
| Total equity and liabilities | 10/49 | €598,946 | €514,719 | -€84,227 | -14.1% |
| Equity | 10/15 | €239,499 | €269,093 | +€29,593 | +12.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,499 | €264,093 | +€29,593 | +12.6% |
| Amounts payable | 17/49 | €359,446 | €245,626 | -€113,820 | -31.7% |
| Amounts payable within one year | 42/48 | €359,446 | €245,626 | -€113,820 | -31.7% |
| Trade debts | 44 | €32,752 | €26,616 | -€6,136 | -18.7% |
| Suppliers | 440/4 | €32,752 | €26,616 | -€6,136 | -18.7% |
| Taxes, remuneration and social security | 45 | €87,422 | €24,581 | -€62,841 | -71.9% |
| Taxes | 450/3 | €77,405 | €19,099 | -€58,306 | -75.3% |
| Remuneration and social security | 454/9 | €10,017 | €5,482 | -€4,535 | -45.3% |
| Other amounts payable | 47/48 | €239,272 | €194,429 | -€44,843 | -18.7% |
| Remuneration, social security and pensions | 62 | €95,456 | €94,129 | -€1,327 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,988 | €136,286 | +€4,299 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,086 | +€40,086 | |
| Other operating charges | 640/8 | €176 | €98 | -€78 | -44.5% |
| Gross operating margin | 9900 | €396,000 | €317,388 | -€78,612 | -19.9% |
| Operating profit (loss) | 9901 | €168,380 | €46,789 | -€121,592 | -72.2% |
| Financial income | 75/76B | €178 | €1,877 | +€1,699 | +955.8% |
| Recurring financial income | 75 | €178 | €1,877 | +€1,699 | +955.8% |
| Financial charges | 65/66B | €9,403 | €15,864 | +€6,462 | +68.7% |
| Recurring financial charges | 65 | €9,403 | €15,864 | +€6,462 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €159,156 | €32,802 | -€126,354 | -79.4% |
| Income taxes | 67/77 | €33,047 | €3,208 | -€29,839 | -90.3% |
| Profit (loss) for the period | 9904 | €126,108 | €29,593 | -€96,515 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €126,108 | €29,593 | -€96,515 | -76.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.