Babel Subtitling: 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.
Babel Subtitling
Largest movements
- Receivables within one year -€29,370
down €29,370 (-40.2%), from €73,042 to €43,672
of which Other amounts receivable: -€17,338
- Tangible fixed assets -€2,747
down €2,747 (-37.9%), from €7,250 to €4,503
of which Plant, machinery and equipment: -€1,430
- Cash -€2,429
down €2,429 (-2.9%), from €84,309 to €81,880
mainly Short-term financial debts (-€16,723) and Trade debts (-€9,167)
- Short-term financial debts -€16,723
no longer reported in 2025 (was €16,723)
- Trade debts -€9,167
down €9,167 (-37.6%), from €24,383 to €15,216
- Reserves -€6,000
down €6,000 (-6.6%), from €91,199 to €85,199
of which Distributable reserves: -€6,000
- Tax, wage and social debts -€1,744
down €1,744 (-6.5%), from €26,702 to €24,958
of which Taxes: -€1,031
- Gross operating margin -€41,682
down €41,682 (-42.9%), from €97,232 to €55,550
- Staff costs -€35,084
down €35,084 (-42.4%), from €82,658 to €47,574
- Depreciation -€3,397
down €3,397 (-49.4%), from €6,882 to €3,486
- Write-downs +€1,148
new in 2025: €1,148
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 | €170,435 | €136,418 | -€34,016 | -20.0% |
| Fixed assets | 21/28 | €8,940 | €6,193 | -€2,747 | -30.7% |
| Tangible fixed assets | 22/27 | €7,250 | €4,503 | -€2,747 | -37.9% |
| Plant, machinery and equipment | 23 | €1,436 | €6 | -€1,430 | -99.6% |
| Furniture and vehicles | 24 | €4,846 | €3,595 | -€1,252 | -25.8% |
| Other tangible fixed assets | 26 | €968 | €902 | -€66 | -6.8% |
| Financial fixed assets | 28 | €1,690 | €1,690 | = | 0.0% |
| Current assets | 29/58 | €161,495 | €130,225 | -€31,269 | -19.4% |
| Amounts receivable within one year | 40/41 | €73,042 | €43,672 | -€29,370 | -40.2% |
| Trade receivables | 40 | €50,685 | €38,653 | -€12,032 | -23.7% |
| Other amounts receivable | 41 | €22,357 | €5,020 | -€17,338 | -77.5% |
| Cash at bank and in hand | 54/58 | €84,309 | €81,880 | -€2,429 | -2.9% |
| Deferred charges and accrued income | 490/1 | €4,144 | €4,673 | +€529 | +12.8% |
| Total equity and liabilities | 10/49 | €170,435 | €136,418 | -€34,016 | -20.0% |
| Equity | 10/15 | €97,987 | €92,098 | -€5,889 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,199 | €85,199 | -€6,000 | -6.6% |
| Tax-exempt reserves | 132 | €89 | €89 | = | 0.0% |
| Distributable reserves | 133 | €91,110 | €85,110 | -€6,000 | -6.6% |
| Profit (loss) carried forward | 14 | -€11,812 | -€11,700 | +€111 | +0.9% |
| Amounts payable | 17/49 | €72,448 | €44,320 | -€28,128 | -38.8% |
| Amounts payable after more than one year | 17 | €400 | - | -€400 | |
| Other amounts payable | 178/9 | €400 | - | -€400 | |
| Amounts payable within one year | 42/48 | €72,048 | €44,320 | -€27,728 | -38.5% |
| Financial debts | 43 | €16,723 | - | -€16,723 | |
| Credit institutions | 430/8 | €16,723 | - | -€16,723 | |
| Trade debts | 44 | €24,383 | €15,216 | -€9,167 | -37.6% |
| Suppliers | 440/4 | €24,383 | €15,216 | -€9,167 | -37.6% |
| Taxes, remuneration and social security | 45 | €26,702 | €24,958 | -€1,744 | -6.5% |
| Taxes | 450/3 | €14,689 | €13,658 | -€1,031 | -7.0% |
| Remuneration and social security | 454/9 | €12,013 | €11,300 | -€713 | -5.9% |
| Other amounts payable | 47/48 | €4,240 | €4,146 | -€94 | -2.2% |
| Remuneration, social security and pensions | 62 | €82,658 | €47,574 | -€35,084 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,882 | €3,486 | -€3,397 | -49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,148 | +€1,148 | |
| Other operating charges | 640/8 | €2,177 | €2,642 | +€464 | +21.3% |
| Gross operating margin | 9900 | €97,232 | €55,550 | -€41,682 | -42.9% |
| Operating profit (loss) | 9901 | €5,514 | €702 | -€4,813 | -87.3% |
| Financial income | 75/76B | €263 | €307 | +€44 | +16.5% |
| Recurring financial income | 75 | €263 | €307 | +€44 | +16.5% |
| Financial charges | 65/66B | €1,309 | €608 | -€701 | -53.6% |
| Recurring financial charges | 65 | €1,309 | €608 | -€701 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €4,469 | €401 | -€4,068 | -91.0% |
| Income taxes | 67/77 | €518 | €289 | -€229 | -44.2% |
| Profit (loss) for the period | 9904 | €3,951 | €111 | -€3,839 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,951 | €111 | -€3,839 | -97.2% |
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.