SUPLEMINT: 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.
SUPLEMINT
Largest movements
- Receivables within one year -€116,682
down €116,682 (-49.8%), from €234,336 to €117,654
of which Trade receivables: -€160,665
- Cash -€43,840
down €43,840 (-71.0%), from €61,786 to €17,947
mainly Net result for the year (-€281,190) and Investment in fixed assets (net) (-€135,317)
- Intangible fixed assets +€29,867
up €29,867 (+6.3%), from €472,535 to €502,403
- Tangible fixed assets -€20,892
down €20,892 (-74.5%), from €28,060 to €7,168
of which Furniture and vehicles: -€18,044
- Profit (loss) carried forward -€281,190
down €281,190 (-116%), from -€241,792 to -€522,982
- Contributions +€100,056
up €100,056 (+17.9%), from €560,000 to €660,056
- Debts after one year -€45,429
down €45,429 (-24.7%), from €183,750 to €138,322
- Trade debts +€33,721
up €33,721 (+14.1%), from €238,446 to €272,167
- Other debts +€32,712
up €32,712 (+83.6%), from €39,133 to €71,845
- Gross operating margin -€124,998
down €124,998, from €59,465 to -€65,533
- Depreciation +€45,634
up €45,634 (+56.5%), from €80,707 to €126,341
- Financial charges +€15,756
up €15,756 (+176%), from €8,941 to €24,696
- Staff costs +€11,512
up €11,512 (+25.2%), from €45,708 to €57,220
- Write-downs +€7,338
new in 2025: €7,338
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 | €841,260 | €695,632 | -€145,627 | -17.3% |
| Fixed assets | 21/28 | €502,035 | €511,010 | +€8,975 | +1.8% |
| Intangible fixed assets | 21 | €472,535 | €502,403 | +€29,867 | +6.3% |
| Tangible fixed assets | 22/27 | €28,060 | €7,168 | -€20,892 | -74.5% |
| Plant, machinery and equipment | 23 | €5,842 | €2,994 | -€2,848 | -48.8% |
| Furniture and vehicles | 24 | €22,218 | €4,174 | -€18,044 | -81.2% |
| Financial fixed assets | 28 | €1,440 | €1,440 | = | 0.0% |
| Current assets | 29/58 | €339,224 | €184,622 | -€154,602 | -45.6% |
| Stocks and contracts in progress | 3 | €42,760 | €48,501 | +€5,741 | +13.4% |
| Stocks | 30/36 | €42,760 | €48,501 | +€5,741 | +13.4% |
| Amounts receivable within one year | 40/41 | €234,336 | €117,654 | -€116,682 | -49.8% |
| Trade receivables | 40 | €175,565 | €14,900 | -€160,665 | -91.5% |
| Other amounts receivable | 41 | €58,771 | €102,754 | +€43,983 | +74.8% |
| Cash at bank and in hand | 54/58 | €61,786 | €17,947 | -€43,840 | -71.0% |
| Deferred charges and accrued income | 490/1 | €343 | €520 | +€178 | +51.9% |
| Total equity and liabilities | 10/49 | €841,260 | €695,632 | -€145,627 | -17.3% |
| Equity | 10/15 | €318,208 | €137,074 | -€181,134 | -56.9% |
| Contributions | 10/11 | €560,000 | €660,056 | +€100,056 | +17.9% |
| Profit (loss) carried forward | 14 | -€241,792 | -€522,982 | -€281,190 | -116% |
| Amounts payable | 17/49 | €523,052 | €558,559 | +€35,507 | +6.8% |
| Amounts payable after more than one year | 17 | €183,750 | €138,322 | -€45,429 | -24.7% |
| Financial debts | 170/4 | €183,750 | €138,322 | -€45,429 | -24.7% |
| Amounts payable within one year | 42/48 | €334,958 | €420,237 | +€85,279 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €52,593 | +€2,593 | +5.2% |
| Financial debts | 43 | - | €3,611 | +€3,611 | |
| Credit institutions | 430/8 | - | €3,611 | +€3,611 | |
| Trade debts | 44 | €238,446 | €272,167 | +€33,721 | +14.1% |
| Suppliers | 440/4 | €238,446 | €272,167 | +€33,721 | +14.1% |
| Taxes, remuneration and social security | 45 | €7,380 | €20,021 | +€12,642 | +171% |
| Taxes | 450/3 | €3,123 | €10,660 | +€7,538 | +241% |
| Remuneration and social security | 454/9 | €4,257 | €9,361 | +€5,104 | +120% |
| Other amounts payable | 47/48 | €39,133 | €71,845 | +€32,712 | +83.6% |
| Accrued charges and deferred income | 492/3 | €4,343 | €0 | -€4,343 | -100% |
| Non-recurring operating income | 76A | - | €2,289 | +€2,289 | |
| Remuneration, social security and pensions | 62 | €45,708 | €57,220 | +€11,512 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,707 | €126,341 | +€45,634 | +56.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,338 | +€7,338 | |
| Other operating charges | 640/8 | €5,283 | €3,034 | -€2,248 | -42.6% |
| Gross operating margin | 9900 | €59,465 | -€65,533 | -€124,998 | |
| Operating profit (loss) | 9901 | -€72,233 | -€259,467 | -€187,234 | -259% |
| Financial income | 75/76B | €252 | €2,973 | +€2,721 | +1,079% |
| Recurring financial income | 75 | €252 | €2,973 | +€2,721 | +1,079% |
| Financial charges | 65/66B | €8,941 | €24,696 | +€15,756 | +176% |
| Recurring financial charges | 65 | €8,941 | €24,696 | +€15,756 | +176% |
| Profit (loss) for the period before taxes | 9903 | -€80,921 | -€281,190 | -€200,269 | -247% |
| Profit (loss) for the period | 9904 | -€80,921 | -€281,190 | -€200,269 | -247% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,921 | -€281,190 | -€200,269 | -247% |
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 27 October 2026 via checked.be.