Supervis Delvaux André: 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.
Supervis Delvaux André
Largest movements
- Cash +€183,631
up €183,631 (+46.1%), from €398,547 to €582,178
mainly Net result for the year (+€178,108) and Tax, wage and social debts (+€29,306)
- Reserves +€178,108
up €178,108 (+65.8%), from €270,541 to €448,649
- Other debts -€32,825
down €32,825 (-33.2%), from €99,001 to €66,176
- Tax, wage and social debts +€29,306
up €29,306 (+114%), from €25,693 to €54,999
of which Taxes: +€34,797
- Gross operating margin +€144,502
up €144,502 (+84.4%), from €171,202 to €315,704
- Taxes +€48,496
up €48,496 (+145%), from €33,503 to €81,998
- Staff costs -€17,067
down €17,067 (-27.2%), from €62,769 to €45,702
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 | €412,815 | €589,441 | +€176,626 | +42.8% |
| Fixed assets | 21/28 | €8,596 | €4,630 | -€3,967 | -46.1% |
| Tangible fixed assets | 22/27 | €8,596 | €4,630 | -€3,967 | -46.1% |
| Plant, machinery and equipment | 23 | €2,446 | €0 | -€2,446 | -100% |
| Furniture and vehicles | 24 | €907 | €0 | -€907 | -100% |
| Other tangible fixed assets | 26 | €5,243 | €4,630 | -€613 | -11.7% |
| Current assets | 29/58 | €404,219 | €584,812 | +€180,593 | +44.7% |
| Stocks and contracts in progress | 3 | €242 | €0 | -€242 | -100% |
| Stocks | 30/36 | €242 | €0 | -€242 | -100% |
| Amounts receivable within one year | 40/41 | €1,252 | €2,159 | +€906 | +72.4% |
| Trade receivables | 40 | €857 | €2,159 | +€1,302 | +152% |
| Other amounts receivable | 41 | €396 | €0 | -€396 | -100% |
| Cash at bank and in hand | 54/58 | €398,547 | €582,178 | +€183,631 | +46.1% |
| Deferred charges and accrued income | 490/1 | €4,178 | €475 | -€3,703 | -88.6% |
| Total equity and liabilities | 10/49 | €412,815 | €589,441 | +€176,626 | +42.8% |
| Equity | 10/15 | €282,941 | €461,049 | +€178,108 | +62.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €270,541 | €448,649 | +€178,108 | +65.8% |
| Distributable reserves | 133 | €270,541 | €448,649 | +€178,108 | +65.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,875 | €128,393 | -€1,482 | -1.1% |
| Amounts payable within one year | 42/48 | €129,875 | €128,393 | -€1,482 | -1.1% |
| Trade debts | 44 | €5,181 | €7,218 | +€2,037 | +39.3% |
| Suppliers | 440/4 | €5,181 | €7,218 | +€2,037 | +39.3% |
| Taxes, remuneration and social security | 45 | €25,693 | €54,999 | +€29,306 | +114% |
| Taxes | 450/3 | €16,769 | €51,566 | +€34,797 | +208% |
| Remuneration and social security | 454/9 | €8,924 | €3,432 | -€5,491 | -61.5% |
| Other amounts payable | 47/48 | €99,001 | €66,176 | -€32,825 | -33.2% |
| Non-recurring operating income | 76A | - | €16,855 | +€16,855 | |
| Remuneration, social security and pensions | 62 | €62,769 | €45,702 | -€17,067 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,370 | €613 | -€757 | -55.2% |
| Other operating charges | 640/8 | €6,847 | €7,454 | +€607 | +8.9% |
| Non-recurring operating charges | 66A | - | €3,014 | +€3,014 | |
| Gross operating margin | 9900 | €171,202 | €315,704 | +€144,502 | +84.4% |
| Operating profit (loss) | 9901 | €100,215 | €258,920 | +€158,705 | +158% |
| Financial income | 75/76B | €1,675 | €1,772 | +€96 | +5.8% |
| Recurring financial income | 75 | €1,675 | €1,772 | +€96 | +5.8% |
| Financial charges | 65/66B | €880 | €585 | -€295 | -33.5% |
| Recurring financial charges | 65 | €880 | €585 | -€295 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €101,010 | €260,106 | +€159,097 | +158% |
| Income taxes | 67/77 | €33,503 | €81,998 | +€48,496 | +145% |
| Profit (loss) for the period | 9904 | €67,507 | €178,108 | +€110,601 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €67,507 | €178,108 | +€110,601 | +164% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.