SUPPLIMAX: 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.
What changed
SUPPLIMAX
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€934,539
2024 · €834,674+€99,865
Equity
€5.6m
2024 · €5.2m+€434,539
Cash
€664,738
2024 · €433,506+€231,233
Balance sheet total
€8.0m
2024 · €7.6m+€347,304
Largest movements
Assets
- Cash +€231,233
up €231,233 (+53.3%), from €433,506 to €664,738
mainly Net result for the year (+€934,539) and Depreciation (+€285,802)
- Stocks and contracts +€192,102
up €192,102 (+5.2%), from €3.7m to €3.9m
- Intangible fixed assets -€180,464
down €180,464 (-20.0%), from €902,236 to €721,773
- Receivables within one year +€167,775
up €167,775 (+7.6%), from €2.2m to €2.4m
of which Trade receivables: +€148,313
Equity and liabilities
- Reserves +€434,539
up €434,539 (+10.1%), from €4.3m to €4.7m
of which Distributable reserves: +€434,539
- Other debts +€261,622
up €261,622 (+67.6%), from €386,873 to €648,494
- Current portion of long-term debt -€239,256
down €239,256 (-88.7%), from €269,746 to €30,490
Income statement
- Goods and materials -€264,666
down €264,666 (-3.2%), from €8.4m to €8.1m
of which Purchases: -€432,982
- Turnover -€225,302
down €225,302 (-1.7%), from €13.6m to €13.4m
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
€834,674
Turnover
-€225,302
Other operating income
+€489
Goods and materials
+€264,666
Services and other goods
+€89,162
Staff costs
-€36,480
Depreciation
+€10,994
Write-downs
-€40,476
Other operating charges
+€46,290
Other operating items
-€53,020
Financial income
+€4,775
Financial charges
+€9,782
Taxes
+€28,985
Result 2025
€934,539
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.0m
Investment
-€37,347
Financing
-€748,374
Cash 2024
€433,506
From operations (derived)
+€1.0m
Net result for the year
+€934,539
Depreciation
+€285,802
Stocks and contracts
-€192,102
Receivables within one year
-€167,775
Deferred charges and accrued income
-€4,651
Trade debts
-€74,353
Tax, wage and social debts
-€32,482
Other debts
+€261,622
Accrued charges and deferred income
+€6,353
Investment (derived)
-€37,347
Investment in fixed assets (net)
-€37,347
Financing
-€748,374
Debts after one year
-€30,490
Current portion of long-term debt
-€239,256
Short-term financial debts
+€21,372
Contributions, distributions and other
-€500,000
Cash 2025
€664,738
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,643,623 | €7,990,928 | +€347,304 | +4.5% |
| Fixed assets | 21/28 | €1,299,750 | €1,051,295 | -€248,456 | -19.1% |
| Intangible fixed assets | 21 | €902,236 | €721,773 | -€180,464 | -20.0% |
| Tangible fixed assets | 22/27 | €395,139 | €327,147 | -€67,992 | -17.2% |
| Land and buildings | 22 | €3,238 | €11,441 | +€8,203 | +253% |
| Plant, machinery and equipment | 23 | €154,219 | €136,786 | -€17,433 | -11.3% |
| Furniture and vehicles | 24 | €228,007 | €170,774 | -€57,233 | -25.1% |
| Other tangible fixed assets | 26 | €9,676 | €8,147 | -€1,529 | -15.8% |
| Financial fixed assets | 28 | €2,375 | €2,375 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,375 | €2,375 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,375 | €2,375 | = | 0.0% |
| Current assets | 29/58 | €6,343,873 | €6,939,633 | +€595,760 | +9.4% |
| Stocks and contracts in progress | 3 | €3,702,418 | €3,894,520 | +€192,102 | +5.2% |
| Stocks | 30/36 | €3,702,418 | €3,894,520 | +€192,102 | +5.2% |
| Goods purchased for resale | 34 | €3,702,418 | €3,894,520 | +€192,102 | +5.2% |
| Amounts receivable within one year | 40/41 | €2,195,132 | €2,362,907 | +€167,775 | +7.6% |
| Trade receivables | 40 | €1,978,699 | €2,127,012 | +€148,313 | +7.5% |
| Other amounts receivable | 41 | €216,433 | €235,895 | +€19,461 | +9.0% |
| Cash at bank and in hand | 54/58 | €433,506 | €664,738 | +€231,233 | +53.3% |
| Deferred charges and accrued income | 490/1 | €12,817 | €17,468 | +€4,651 | +36.3% |
| Total equity and liabilities | 10/49 | €7,643,623 | €7,990,928 | +€347,304 | +4.5% |
| Equity | 10/15 | €5,201,468 | €5,636,007 | +€434,539 | +8.4% |
| Contributions | 10/11 | €910,180 | €910,180 | = | 0.0% |
| Capital | 10 | €910,180 | €910,180 | = | 0.0% |
| Issued capital | 100 | €910,180 | €910,180 | = | 0.0% |
| Reserves | 13 | €4,291,288 | €4,725,827 | +€434,539 | +10.1% |
| Non-distributable reserves | 130/1 | €91,100 | €91,100 | = | 0.0% |
| Legal reserve | 130 | €91,100 | €91,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,071 | €105,071 | = | 0.0% |
| Distributable reserves | 133 | €4,095,117 | €4,529,656 | +€434,539 | +10.6% |
| Amounts payable | 17/49 | €2,442,155 | €2,354,921 | -€87,235 | -3.6% |
| Amounts payable after more than one year | 17 | €54,391 | €23,901 | -€30,490 | -56.1% |
| Financial debts | 170/4 | €54,391 | €23,901 | -€30,490 | -56.1% |
| Credit institutions | 173 | €54,391 | €23,901 | -€30,490 | -56.1% |
| Amounts payable within one year | 42/48 | €2,385,001 | €2,321,903 | -€63,098 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €269,746 | €30,490 | -€239,256 | -88.7% |
| Financial debts | 43 | €107,168 | €128,540 | +€21,372 | +19.9% |
| Credit institutions | 430/8 | €107,168 | €128,540 | +€21,372 | +19.9% |
| Trade debts | 44 | €1,152,810 | €1,078,457 | -€74,353 | -6.4% |
| Suppliers | 440/4 | €1,152,810 | €1,078,457 | -€74,353 | -6.4% |
| Advances received on contracts in progress | 46 | €87,174 | €87,174 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €381,231 | €348,749 | -€32,482 | -8.5% |
| Taxes | 450/3 | €112,975 | €136,995 | +€24,020 | +21.3% |
| Remuneration and social security | 454/9 | €268,256 | €211,754 | -€56,502 | -21.1% |
| Other amounts payable | 47/48 | €386,873 | €648,494 | +€261,622 | +67.6% |
| Accrued charges and deferred income | 492/3 | €2,764 | €9,117 | +€6,353 | +230% |
| Operating income | 70/76A | €13,675,302 | €13,420,055 | -€255,247 | -1.9% |
| Turnover | 70 | €13,586,772 | €13,361,470 | -€225,302 | -1.7% |
| Other operating income | 74 | €51,597 | €52,085 | +€489 | +0.9% |
| Non-recurring operating income | 76A | €36,933 | €6,500 | -€30,433 | -82.4% |
| Operating charges | 60/66A | €12,570,110 | €12,258,540 | -€311,569 | -2.5% |
| Goods for resale, raw materials and consumables | 60 | €8,380,649 | €8,115,982 | -€264,666 | -3.2% |
| Purchases | 600/8 | €8,741,067 | €8,308,084 | -€432,982 | -5.0% |
| Change in stocks: decrease (increase) | 609 | -€360,418 | -€192,102 | +€168,316 | +46.7% |
| Services and other goods | 61 | €1,774,417 | €1,685,255 | -€89,162 | -5.0% |
| Remuneration, social security and pensions | 62 | €2,082,820 | €2,119,300 | +€36,480 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,796 | €285,802 | -€10,994 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€50,188 | -€9,712 | +€40,476 | +80.6% |
| Other operating charges | 640/8 | €85,616 | €39,326 | -€46,290 | -54.1% |
| Non-recurring operating charges | 66A | - | €22,587 | +€22,587 | |
| Operating profit (loss) | 9901 | €1,105,192 | €1,161,515 | +€56,323 | +5.1% |
| Financial income | 75/76B | €31,409 | €36,184 | +€4,775 | +15.2% |
| Recurring financial income | 75 | €31,409 | €36,184 | +€4,775 | +15.2% |
| Income from current assets | 751 | €582 | €1,582 | +€1,000 | +172% |
| Other financial income | 752/9 | €30,827 | €34,602 | +€3,775 | +12.2% |
| Financial charges | 65/66B | €51,570 | €41,788 | -€9,782 | -19.0% |
| Recurring financial charges | 65 | €51,570 | €41,788 | -€9,782 | -19.0% |
| Debt charges | 650 | €26,972 | €18,911 | -€8,061 | -29.9% |
| Other financial charges | 652/9 | €24,598 | €22,877 | -€1,721 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €1,085,031 | €1,155,911 | +€70,880 | +6.5% |
| Income taxes | 67/77 | €250,357 | €221,372 | -€28,985 | -11.6% |
| Taxes | 670/3 | €250,357 | €221,372 | -€28,985 | -11.6% |
| Profit (loss) for the period | 9904 | €834,674 | €934,539 | +€99,865 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €834,674 | €934,539 | +€99,865 | +12.0% |
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 14 October 2026 via checked.be.