SUPERFOX: 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.
SUPERFOX
Largest movements
- Cash -€170,699
down €170,699 (-84.8%), from €201,253 to €30,554
mainly Investment in fixed assets (net) (-€197,659) and Current investments (-€167,838)
- Tangible fixed assets +€170,110
up €170,110 (+52.1%), from €326,649 to €496,758
of which Land and buildings: +€255,195
- Current investments +€167,838
new in 2025: €167,838
- Deferred charges and accrued income -€113,372
down €113,372 (-96.4%), from €117,632 to €4,259
- Receivables within one year +€20,374
up €20,374 (+31.8%), from €64,158 to €84,532
of which Other amounts receivable: +€25,939
- Reserves +€139,851
up €139,851 (+35.5%), from €393,425 to €533,276
of which Distributable reserves: +€141,711
- Tax, wage and social debts -€108,107
down €108,107 (-63.6%), from €169,862 to €61,755
of which Taxes: -€107,889
- Short-term financial debts +€91,786
new in 2025: €91,786
- Advances received -€49,240
down €49,240 (-100.0%), from €49,240 to €0
- Other debts +€17,574
new in 2025: €17,574
- Gross operating margin -€195,234
down €195,234 (-43.8%), from €445,951 to €250,717
- Taxes -€78,650
down €78,650 (-55.4%), from €141,925 to €63,275
- Financial charges +€17,706
up €17,706 (+2277.1%), from €778 to €18,484
of which Financial charges: +€17,706
- Depreciation +€7,241
up €7,241 (+35.7%), from €20,308 to €27,549
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 | €709,691 | €783,941 | +€74,250 | +10.5% |
| Fixed assets | 21/28 | €326,649 | €496,758 | +€170,110 | +52.1% |
| Tangible fixed assets | 22/27 | €326,649 | €496,758 | +€170,110 | +52.1% |
| Land and buildings | 22 | €169,418 | €424,613 | +€255,195 | +150.6% |
| Plant, machinery and equipment | 23 | €47,856 | €47,235 | -€621 | -1.3% |
| Furniture and vehicles | 24 | €17,162 | €24,910 | +€7,748 | +45.1% |
| Assets under construction and advance payments | 27 | €92,212 | €0 | -€92,212 | -100.0% |
| Current assets | 29/58 | €383,042 | €287,183 | -€95,859 | -25.0% |
| Amounts receivable within one year | 40/41 | €64,158 | €84,532 | +€20,374 | +31.8% |
| Trade receivables | 40 | €26,541 | €20,976 | -€5,565 | -21.0% |
| Other amounts receivable | 41 | €37,617 | €63,556 | +€25,939 | +69.0% |
| Current investments | 50/53 | - | €167,838 | +€167,838 | |
| Cash at bank and in hand | 54/58 | €201,253 | €30,554 | -€170,699 | -84.8% |
| Deferred charges and accrued income | 490/1 | €117,632 | €4,259 | -€113,372 | -96.4% |
| Total equity and liabilities | 10/49 | €709,691 | €783,941 | +€74,250 | +10.5% |
| Equity | 10/15 | €422,316 | €562,167 | +€139,851 | +33.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €393,425 | €533,276 | +€139,851 | +35.5% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Other | 1319 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €1,930 | €1,930 | = | 0.0% |
| Distributable reserves | 133 | €389,635 | €531,346 | +€141,711 | +36.4% |
| Profit (loss) carried forward | 14 | €16,492 | €16,492 | = | 0.0% |
| Amounts payable | 17/49 | €287,374 | €221,774 | -€65,601 | -22.8% |
| Amounts payable after more than one year | 17 | €34,304 | €28,849 | -€5,455 | -15.9% |
| Financial debts | 170/4 | €34,304 | €28,849 | -€5,455 | -15.9% |
| Amounts payable within one year | 42/48 | €245,151 | €190,490 | -€54,661 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €5,385 | €5,455 | +€70 | +1.3% |
| Financial debts | 43 | - | €91,786 | +€91,786 | |
| Credit institutions | 430/8 | - | €91,786 | +€91,786 | |
| Trade debts | 44 | €20,665 | €13,921 | -€6,744 | -32.6% |
| Suppliers | 440/4 | €20,665 | €13,921 | -€6,744 | -32.6% |
| Advances received on contracts in progress | 46 | €49,240 | €0 | -€49,240 | -100.0% |
| Taxes, remuneration and social security | 45 | €169,862 | €61,755 | -€108,107 | -63.6% |
| Taxes | 450/3 | €166,862 | €58,973 | -€107,889 | -64.7% |
| Remuneration and social security | 454/9 | €3,000 | €2,782 | -€218 | -7.3% |
| Other amounts payable | 47/48 | - | €17,574 | +€17,574 | |
| Accrued charges and deferred income | 492/3 | €7,920 | €2,435 | -€5,485 | -69.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,308 | €27,549 | +€7,241 | +35.7% |
| Other operating charges | 640/8 | €2,029 | €3,455 | +€1,427 | +70.3% |
| Gross operating margin | 9900 | €445,951 | €250,717 | -€195,234 | -43.8% |
| Operating profit (loss) | 9901 | €423,614 | €219,713 | -€203,901 | -48.1% |
| Financial income | 75/76B | €633 | €1,897 | +€1,264 | +199.8% |
| Recurring financial income | 75 | €633 | €1,897 | +€1,264 | +199.8% |
| Financial charges | 65/66B | €778 | €18,484 | +€17,706 | +2277.1% |
| Recurring financial charges | 65 | €778 | €18,484 | +€17,706 | +2277.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €423,469 | €203,126 | -€220,343 | -52.0% |
| Income taxes | 67/77 | €141,925 | €63,275 | -€78,650 | -55.4% |
| Profit (loss) for the period | 9904 | €281,545 | €139,851 | -€141,694 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €281,545 | €139,851 | -€141,694 | -50.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.