SUPERFOTO: 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.
SUPERFOTO
Largest movements
- Cash -€11,114
down €11,114 (-27.4%), from €40,525 to €29,410
mainly Debts after one year (-€44,414) and Tax, wage and social debts (-€2,440)
- Stocks and contracts -€2,480
down €2,480 (-8.4%), from €29,380 to €26,901
- Receivables within one year -€2,294
down €2,294 (-26.2%), from €8,760 to €6,465
of which Trade receivables: -€1,477
- Deferred charges and accrued income -€1,373
down €1,373 (-79.3%), from €1,730 to €357
- Debts after one year -€44,414
down €44,414 (-75.3%), from €59,003 to €14,590
of which Other amounts payable: -€40,469
- Profit (loss) carried forward +€34,525
no longer reported in 2025 (was -€34,525)
- Reserves -€5,887
down €5,887 (-77.6%), from €7,589 to €1,701
- Accrued charges and deferred income +€2,918
up €2,918 (+2,000%), from €146 to €3,064
- Tax, wage and social debts -€2,440
down €2,440 (-21.6%), from €11,310 to €8,871
of which Taxes: -€1,428
- Gross operating margin +€12,954
up €12,954 (+25.4%), from €51,090 to €64,044
- Depreciation -€2,297
down €2,297 (-46.2%), from €4,969 to €2,673
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 | €87,670 | €70,022 | -€17,649 | -20.1% |
| Fixed assets | 21/28 | €7,276 | €6,888 | -€388 | -5.3% |
| Tangible fixed assets | 22/27 | €4,376 | €3,988 | -€388 | -8.9% |
| Plant, machinery and equipment | 23 | €3,448 | €3,524 | +€76 | +2.2% |
| Other tangible fixed assets | 26 | €928 | €464 | -€464 | -50.0% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €80,394 | €63,133 | -€17,261 | -21.5% |
| Stocks and contracts in progress | 3 | €29,380 | €26,901 | -€2,480 | -8.4% |
| Stocks | 30/36 | €29,380 | €26,901 | -€2,480 | -8.4% |
| Amounts receivable within one year | 40/41 | €8,760 | €6,465 | -€2,294 | -26.2% |
| Trade receivables | 40 | €7,943 | €6,465 | -€1,477 | -18.6% |
| Other amounts receivable | 41 | €817 | - | -€817 | |
| Cash at bank and in hand | 54/58 | €40,525 | €29,410 | -€11,114 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,730 | €357 | -€1,373 | -79.3% |
| Total equity and liabilities | 10/49 | €87,670 | €70,022 | -€17,649 | -20.1% |
| Equity | 10/15 | €3,063 | €31,701 | +€28,638 | +935% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €7,589 | €1,701 | -€5,887 | -77.6% |
| Distributable reserves | 133 | €7,589 | €1,701 | -€5,887 | -77.6% |
| Profit (loss) carried forward | 14 | -€34,525 | - | +€34,525 | |
| Amounts payable | 17/49 | €84,607 | €38,320 | -€46,287 | -54.7% |
| Amounts payable after more than one year | 17 | €59,003 | €14,590 | -€44,414 | -75.3% |
| Financial debts | 170/4 | €3,945 | - | -€3,945 | |
| Other amounts payable | 178/9 | €55,059 | €14,590 | -€40,469 | -73.5% |
| Amounts payable within one year | 42/48 | €25,458 | €20,666 | -€4,791 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €5,150 | €3,945 | -€1,205 | -23.4% |
| Trade debts | 44 | €5,023 | €4,766 | -€257 | -5.1% |
| Suppliers | 440/4 | €5,023 | €4,766 | -€257 | -5.1% |
| Taxes, remuneration and social security | 45 | €11,310 | €8,871 | -€2,440 | -21.6% |
| Taxes | 450/3 | €5,743 | €4,315 | -€1,428 | -24.9% |
| Remuneration and social security | 454/9 | €5,568 | €4,556 | -€1,011 | -18.2% |
| Other amounts payable | 47/48 | €3,974 | €3,085 | -€890 | -22.4% |
| Accrued charges and deferred income | 492/3 | €146 | €3,064 | +€2,918 | +2,000% |
| Remuneration, social security and pensions | 62 | €28,872 | €28,812 | -€59 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,969 | €2,673 | -€2,297 | -46.2% |
| Other operating charges | 640/8 | €1,217 | €982 | -€235 | -19.3% |
| Gross operating margin | 9900 | €51,090 | €64,044 | +€12,954 | +25.4% |
| Operating profit (loss) | 9901 | €16,032 | €31,577 | +€15,544 | +97.0% |
| Financial income | 75/76B | €183 | €176 | -€7 | -4.0% |
| Recurring financial income | 75 | €183 | €176 | -€7 | -4.0% |
| Financial charges | 65/66B | €3,056 | €3,114 | +€59 | +1.9% |
| Recurring financial charges | 65 | €3,056 | €3,114 | +€59 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €13,160 | €28,638 | +€15,478 | +118% |
| Profit (loss) for the period | 9904 | €13,160 | €28,638 | +€15,478 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €13,160 | €28,638 | +€15,478 | +118% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.