Supermunt: 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.
Supermunt
Largest movements
- Cash +€107,721
up €107,721 (+133.4%), from €80,773 to €188,494
mainly Trade debts (+€76,259) and Depreciation (+€55,555)
- Intangible fixed assets -€46,429
down €46,429 (-20.6%), from €225,401 to €178,973
- Receivables within one year -€10,238
down €10,238 (-34.4%), from €29,802 to €19,564
of which Trade receivables: -€8,058
- Tangible fixed assets -€8,696
down €8,696 (-25.0%), from €34,762 to €26,066
of which Plant, machinery and equipment: -€4,647
- Stocks and contracts +€6,470
up €6,470 (+3.6%), from €181,671 to €188,141
- Trade debts +€76,259
up €76,259 (+24.9%), from €306,110 to €382,369
- Other debts +€41,702
up €41,702 (+10659.5%), from €391 to €42,093
- Debts after one year -€41,398
down €41,398 (-24.5%), from €168,995 to €127,598
- Profit (loss) carried forward -€29,261
down €29,261 (-295.2%), from -€9,913 to -€39,175
- Staff costs +€45,820
up €45,820 (+25.7%), from €178,153 to €223,973
- Gross operating margin +€33,536
up €33,536 (+15.1%), from €222,178 to €255,715
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 | €559,363 | €604,497 | +€45,134 | +8.1% |
| Fixed assets | 21/28 | €260,163 | €205,039 | -€55,125 | -21.2% |
| Intangible fixed assets | 21 | €225,401 | €178,973 | -€46,429 | -20.6% |
| Tangible fixed assets | 22/27 | €34,762 | €26,066 | -€8,696 | -25.0% |
| Plant, machinery and equipment | 23 | €26,009 | €21,361 | -€4,647 | -17.9% |
| Furniture and vehicles | 24 | €8,753 | €4,705 | -€4,048 | -46.3% |
| Current assets | 29/58 | €299,200 | €399,458 | +€100,258 | +33.5% |
| Stocks and contracts in progress | 3 | €181,671 | €188,141 | +€6,470 | +3.6% |
| Stocks | 30/36 | €181,671 | €188,141 | +€6,470 | +3.6% |
| Amounts receivable within one year | 40/41 | €29,802 | €19,564 | -€10,238 | -34.4% |
| Trade receivables | 40 | €17,668 | €9,610 | -€8,058 | -45.6% |
| Other amounts receivable | 41 | €12,134 | €9,954 | -€2,180 | -18.0% |
| Cash at bank and in hand | 54/58 | €80,773 | €188,494 | +€107,721 | +133.4% |
| Deferred charges and accrued income | 490/1 | €6,954 | €3,259 | -€3,695 | -53.1% |
| Total equity and liabilities | 10/49 | €559,363 | €604,497 | +€45,134 | +8.1% |
| Equity | 10/15 | €15,087 | -€14,175 | -€29,261 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,913 | -€39,175 | -€29,261 | -295.2% |
| Amounts payable | 17/49 | €544,276 | €618,672 | +€74,395 | +13.7% |
| Amounts payable after more than one year | 17 | €168,995 | €127,598 | -€41,398 | -24.5% |
| Financial debts | 170/4 | €168,995 | €127,598 | -€41,398 | -24.5% |
| Amounts payable within one year | 42/48 | €375,281 | €491,074 | +€115,793 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €40,843 | €41,398 | +€555 | +1.4% |
| Trade debts | 44 | €306,110 | €382,369 | +€76,259 | +24.9% |
| Suppliers | 440/4 | €306,110 | €382,369 | +€76,259 | +24.9% |
| Taxes, remuneration and social security | 45 | €27,937 | €25,214 | -€2,723 | -9.7% |
| Taxes | 450/3 | €4,296 | €2,245 | -€2,051 | -47.7% |
| Remuneration and social security | 454/9 | €23,641 | €22,969 | -€672 | -2.8% |
| Other amounts payable | 47/48 | €391 | €42,093 | +€41,702 | +10659.5% |
| Remuneration, social security and pensions | 62 | €178,153 | €223,973 | +€45,820 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,385 | €55,555 | +€2,169 | +4.1% |
| Other operating charges | 640/8 | €1,703 | €1,212 | -€492 | -28.9% |
| Gross operating margin | 9900 | €222,178 | €255,715 | +€33,536 | +15.1% |
| Operating profit (loss) | 9901 | -€11,064 | -€25,025 | -€13,961 | -126.2% |
| Financial income | 75/76B | €549 | €491 | -€58 | -10.6% |
| Recurring financial income | 75 | €549 | €491 | -€58 | -10.6% |
| Financial charges | 65/66B | €5,336 | €4,728 | -€609 | -11.4% |
| Recurring financial charges | 65 | €5,336 | €4,728 | -€609 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,851 | -€29,261 | -€13,411 | -84.6% |
| Profit (loss) for the period | 9904 | -€15,851 | -€29,261 | -€13,411 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,851 | -€29,261 | -€13,411 | -84.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.