SUPERMAN: 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.
SUPERMAN
Largest movements
- Receivables after one year -€155,002
no longer reported in 2024 (was €155,002)
- Tangible fixed assets -€55,736
down €55,736 (-8.3%), from €669,908 to €614,172
- Stocks and contracts -€47,952
down €47,952 (-12.4%), from €388,078 to €340,126
- Cash -€29,555
down €29,555 (-45.1%), from €65,569 to €36,014
mainly Contributions, distributions and other (-€284,406) and Debts after one year (-€118,646)
- Receivables within one year -€14,254
down €14,254 (-18.3%), from €77,746 to €63,492
of which Trade receivables: -€17,023
- Profit (loss) carried forward -€127,523
down €127,523 (-99.6%), from €128,084 to €560
- Debts after one year -€118,646
down €118,646 (-41.3%), from €287,422 to €168,776
- Reserves -€66,587
down €66,587 (-78.0%), from €85,346 to €18,759
of which Distributable reserves: -€66,587
- Trade debts +€57,093
up €57,093 (+11.2%), from €511,396 to €568,488
- Short-term financial debts -€42,038
down €42,038 (-66.8%), from €62,929 to €20,890
- Gross operating margin -€66,849
down €66,849 (-9.8%), from €679,802 to €612,953
- Staff costs -€66,026
down €66,026 (-14.7%), from €449,933 to €383,906
- Taxes +€13,074
up €13,074 (+69.7%), from €18,752 to €31,826
- Depreciation +€8,452
up €8,452 (+17.9%), from €47,284 to €55,736
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,362,729 | €1,065,056 | -€297,673 | -21.8% |
| Fixed assets | 21/28 | €676,158 | €620,422 | -€55,736 | -8.2% |
| Tangible fixed assets | 22/27 | €669,908 | €614,172 | -€55,736 | -8.3% |
| Land and buildings | 22 | €402,727 | €391,410 | -€11,317 | -2.8% |
| Plant, machinery and equipment | 23 | €178,379 | €152,445 | -€25,934 | -14.5% |
| Furniture and vehicles | 24 | €18,221 | €14,644 | -€3,576 | -19.6% |
| Leasing and similar rights | 25 | €65,720 | €52,425 | -€13,295 | -20.2% |
| Other tangible fixed assets | 26 | €4,861 | €3,248 | -€1,613 | -33.2% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €686,571 | €444,634 | -€241,937 | -35.2% |
| Amounts receivable after more than one year | 29 | €155,002 | - | -€155,002 | |
| Other amounts receivable | 291 | €155,002 | - | -€155,002 | |
| Stocks and contracts in progress | 3 | €388,078 | €340,126 | -€47,952 | -12.4% |
| Stocks | 30/36 | €388,078 | €340,126 | -€47,952 | -12.4% |
| Amounts receivable within one year | 40/41 | €77,746 | €63,492 | -€14,254 | -18.3% |
| Trade receivables | 40 | €64,229 | €47,206 | -€17,023 | -26.5% |
| Other amounts receivable | 41 | €13,517 | €16,286 | +€2,769 | +20.5% |
| Cash at bank and in hand | 54/58 | €65,569 | €36,014 | -€29,555 | -45.1% |
| Deferred charges and accrued income | 490/1 | €176 | €5,002 | +€4,826 | +2741.2% |
| Total equity and liabilities | 10/49 | €1,362,729 | €1,065,056 | -€297,673 | -21.8% |
| Equity | 10/15 | €363,430 | €169,319 | -€194,111 | -53.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €85,346 | €18,759 | -€66,587 | -78.0% |
| Tax-exempt reserves | 132 | €18,759 | €18,759 | = | 0.0% |
| Distributable reserves | 133 | €66,587 | - | -€66,587 | |
| Profit (loss) carried forward | 14 | €128,084 | €560 | -€127,523 | -99.6% |
| Amounts payable | 17/49 | €999,299 | €895,737 | -€103,563 | -10.4% |
| Amounts payable after more than one year | 17 | €287,422 | €168,776 | -€118,646 | -41.3% |
| Financial debts | 170/4 | €287,422 | €168,776 | -€118,646 | -41.3% |
| Amounts payable within one year | 42/48 | €711,878 | €726,961 | +€15,083 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €78,557 | €81,146 | +€2,589 | +3.3% |
| Financial debts | 43 | €62,929 | €20,890 | -€42,038 | -66.8% |
| Credit institutions | 430/8 | €62,929 | €20,890 | -€42,038 | -66.8% |
| Trade debts | 44 | €511,396 | €568,488 | +€57,093 | +11.2% |
| Suppliers | 440/4 | €511,396 | €568,488 | +€57,093 | +11.2% |
| Taxes, remuneration and social security | 45 | €52,394 | €56,436 | +€4,042 | +7.7% |
| Taxes | 450/3 | €13,278 | €17,826 | +€4,548 | +34.3% |
| Remuneration and social security | 454/9 | €39,117 | €38,610 | -€506 | -1.3% |
| Other amounts payable | 47/48 | €6,602 | - | -€6,602 | |
| Remuneration, social security and pensions | 62 | €449,933 | €383,906 | -€66,026 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,284 | €55,736 | +€8,452 | +17.9% |
| Other operating charges | 640/8 | €16,778 | €18,140 | +€1,362 | +8.1% |
| Gross operating margin | 9900 | €679,802 | €612,953 | -€66,849 | -9.8% |
| Operating profit (loss) | 9901 | €165,807 | €155,170 | -€10,637 | -6.4% |
| Financial income | 75/76B | €990 | €27 | -€964 | -97.3% |
| Recurring financial income | 75 | €990 | €27 | -€964 | -97.3% |
| Financial charges | 65/66B | €32,814 | €33,076 | +€262 | +0.8% |
| Recurring financial charges | 65 | €32,814 | €33,076 | +€262 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €133,984 | €122,121 | -€11,863 | -8.9% |
| Income taxes | 67/77 | €18,752 | €31,826 | +€13,074 | +69.7% |
| Profit (loss) for the period | 9904 | €115,232 | €90,295 | -€24,937 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,232 | €90,295 | -€24,937 | -21.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.