SUPERLOG: 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.
What changed
SUPERLOG
NACE 46.389, Wholesale of other food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€846,255
2024 · €424,610-€1.3m
Equity
-€95,604
2024 · €867,775-€963,380
Cash
€561,525
2024 · €782,423-€220,898
Balance sheet total
€27.3m
2024 · €105.4m-€78.1m
Largest movements
Assets
- Receivables within one year -€77.9m
down €77.9m (-80.1%), from €97.4m to €19.4m
of which Trade receivables: -€78.1m
Equity and liabilities
- Trade debts -€47.8m
down €47.8m (-82.3%), from €58.1m to €10.3m
- Debts after one year -€31.7m
down €31.7m (-73.2%), from €43.3m to €11.6m
- Tax, wage and social debts +€2.2m
up €2.2m (+194.4%), from €1.1m to €3.4m
of which Taxes: +€1.9m
Income statement
- Goods and materials -€372.5m
no longer reported in 2025 (was €372.5m)
- Turnover -€369.1m
down €369.1m (-89.7%), from €411.5m to €42.4m
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.
Result 2024
€424,610
Turnover
-€369.1m
Other operating income
+€126,811
Goods and materials
+€372.5m
Services and other goods
-€1.8m
Staff costs
-€1.4m
Depreciation
-€24,028
Write-downs
-€1.0m
Other operating charges
-€52,165
Other operating items
-€11,997
Financial income
-€1,859
Financial charges
-€393,254
Taxes
-€4,125
Result 2025
-€846,255
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.
From operations
+€33.1m
Investment
-€1.6m
Financing
-€31.7m
Cash 2024
€782,423
From operations (derived)
+€33.1m
Net result for the year
-€846,255
Depreciation
+€1.3m
Receivables within one year
+€77.9m
Deferred charges and accrued income
+€223,074
Smaller working-capital items
+€37,637
Trade debts
-€47.8m
Tax, wage and social debts
+€2.2m
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€31.7m
Debts after one year
-€31.7m
Current portion of long-term debt
+€77,662
Contributions, distributions and other
-€117,125
Cash 2025
€561,525
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,410,031 | €27,284,297 | -€78.1m | -74.1% |
| Fixed assets | 21/28 | €6,974,716 | €7,238,739 | +€264,023 | +3.8% |
| Intangible fixed assets | 21 | €54,404 | €339,225 | +€284,821 | +523.5% |
| Tangible fixed assets | 22/27 | €6,920,312 | €6,859,514 | -€60,798 | -0.9% |
| Land and buildings | 22 | €4,905,401 | - | -€4.9m | |
| Plant, machinery and equipment | 23 | €2,014,911 | €2,118,835 | +€103,925 | +5.2% |
| Furniture and vehicles | 24 | €0 | €364,644 | +€364,644 | |
| Other tangible fixed assets | 26 | - | €4,376,035 | +€4.4m | |
| Financial fixed assets | 28 | - | €40,000 | +€40,000 | |
| Other financial fixed assets | 284/8 | - | €40,000 | +€40,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €40,000 | +€40,000 | |
| Current assets | 29/58 | €98,435,315 | €20,045,559 | -€78.4m | -79.6% |
| Amounts receivable within one year | 40/41 | €97,366,194 | €19,420,411 | -€77.9m | -80.1% |
| Trade receivables | 40 | €97,006,020 | €18,863,524 | -€78.1m | -80.6% |
| Other amounts receivable | 41 | €360,174 | €556,887 | +€196,713 | +54.6% |
| Cash at bank and in hand | 54/58 | €782,423 | €561,525 | -€220,898 | -28.2% |
| Deferred charges and accrued income | 490/1 | €286,697 | €63,623 | -€223,074 | -77.8% |
| Total equity and liabilities | 10/49 | €105,410,031 | €27,284,297 | -€78.1m | -74.1% |
| Equity | 10/15 | €867,775 | -€95,604 | -€963,380 | |
| Contributions | 10/11 | €16,056,079 | €16,056,079 | = | 0.0% |
| Capital | 10 | €16,056,079 | €16,056,079 | = | 0.0% |
| Issued capital | 100 | €16,056,079 | €16,056,079 | = | 0.0% |
| Reserves | 13 | €24,109 | €24,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,109 | €24,109 | = | 0.0% |
| Legal reserve | 130 | €24,109 | €24,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,715,618 | -€16,561,873 | -€846,255 | -5.4% |
| Investment grants | 15 | €503,205 | €386,080 | -€117,125 | -23.3% |
| Provisions and deferred taxes | 16 | €164,082 | €114,492 | -€49,589 | -30.2% |
| Provisions for liabilities and charges | 160/5 | €164,082 | €114,492 | -€49,589 | -30.2% |
| Pensions and similar obligations | 160 | €5,058 | €5,058 | = | 0.0% |
| Other liabilities and charges | 164/5 | €159,023 | €109,434 | -€49,589 | -31.2% |
| Amounts payable | 17/49 | €104,378,174 | €27,265,410 | -€77.1m | -73.9% |
| Amounts payable after more than one year | 17 | €43,280,279 | €11,582,366 | -€31.7m | -73.2% |
| Financial debts | 170/4 | €43,280,279 | €11,582,366 | -€31.7m | -73.2% |
| Credit institutions | 173 | €3,580,279 | €2,423,568 | -€1.2m | -32.3% |
| Other loans | 174 | €39,700,000 | €9,158,798 | -€30.5m | -76.9% |
| Amounts payable within one year | 42/48 | €60,247,899 | €14,743,923 | -€45.5m | -75.5% |
| Current portion of amounts payable after more than one year | 42 | €1,022,739 | €1,100,401 | +€77,662 | +7.6% |
| Trade debts | 44 | €58,075,814 | €10,265,794 | -€47.8m | -82.3% |
| Suppliers | 440/4 | €58,075,814 | €10,265,794 | -€47.8m | -82.3% |
| Taxes, remuneration and social security | 45 | €1,147,446 | €3,377,728 | +€2.2m | +194.4% |
| Taxes | 450/3 | €154,423 | €2,050,468 | +€1.9m | +1227.8% |
| Remuneration and social security | 454/9 | €993,023 | €1,327,260 | +€334,237 | +33.7% |
| Other amounts payable | 47/48 | €1,899 | - | -€1,899 | |
| Accrued charges and deferred income | 492/3 | €849,997 | €939,121 | +€89,125 | +10.5% |
| Operating income | 70/76A | €411,556,533 | €42,608,842 | -€368.9m | -89.6% |
| Turnover | 70 | €411,506,733 | €42,432,232 | -€369.1m | -89.7% |
| Other operating income | 74 | €49,800 | €176,610 | +€126,811 | +254.6% |
| Operating charges | 60/66A | €410,853,484 | €42,777,420 | -€368.1m | -89.6% |
| Goods for resale, raw materials and consumables | 60 | €372,476,877 | - | -€372.5m | |
| Purchases | 600/8 | €372,476,877 | - | -€372.5m | |
| Services and other goods | 61 | €26,112,870 | €27,957,687 | +€1.8m | +7.1% |
| Remuneration, social security and pensions | 62 | €10,783,369 | €12,209,822 | +€1.4m | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,283,423 | €1,307,450 | +€24,028 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,041,354 | +€1.0m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€49,589 | -€49,589 | = | 0.0% |
| Other operating charges | 640/8 | €244,410 | €296,575 | +€52,165 | +21.3% |
| Non-recurring operating charges | 66A | €2,125 | €14,122 | +€11,997 | +564.5% |
| Operating profit (loss) | 9901 | €703,049 | -€168,578 | -€871,627 | |
| Financial income | 75/76B | €118,869 | €117,009 | -€1,859 | -1.6% |
| Recurring financial income | 75 | €118,869 | €117,009 | -€1,859 | -1.6% |
| Other financial income | 752/9 | €118,869 | €117,009 | -€1,859 | -1.6% |
| Financial charges | 65/66B | €397,805 | €791,059 | +€393,254 | +98.9% |
| Recurring financial charges | 65 | €397,805 | €791,059 | +€393,254 | +98.9% |
| Debt charges | 650 | €349,357 | €789,628 | +€440,271 | +126.0% |
| Other financial charges | 652/9 | €48,448 | €1,431 | -€47,017 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €424,113 | -€842,627 | -€1.3m | |
| Income taxes | 67/77 | -€497 | €3,628 | +€4,125 | |
| Taxes | 670/3 | - | €3,628 | +€3,628 | |
| Tax adjustments and reversals of tax provisions | 77 | €497 | - | -€497 | |
| Profit (loss) for the period | 9904 | €424,610 | -€846,255 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €424,610 | -€846,255 | -€1.3m |
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 30 September 2026 via checked.be.