F8 SUBLIMATION: 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.
F8 SUBLIMATION
Largest movements
- Tangible fixed assets -€927
down €927 (-65.0%), from €1,427 to €500
- Cash -€502
down €502 (-29.3%), from €1,713 to €1,211
mainly Contributions, distributions and other (-€1,050) and Tax, wage and social debts (-€279)
- Receivables within one year +€175
up €175 (+2.4%), from €7,325 to €7,501
of which Other amounts receivable: +€166
- Investment grants -€1,050
no longer reported in 2025 (was €1,050)
- Tax, wage and social debts -€279
down €279 (-74.9%), from €373 to €94
- Profit (loss) carried forward +€235
up €235 (+16.0%), from €1,467 to €1,703
- Advances received -€232
no longer reported in 2025 (was €232)
- Other debts +€161
new in 2025: €161
- Gross operating margin -€370
down €370 (-19.3%), from €1,923 to €1,553
- Depreciation -€323
down €323 (-25.8%), from €1,250 to €927
- Financial charges +€106
up €106 (+176.0%), from €60 to €166
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 | €10,466 | €9,212 | -€1,254 | -12.0% |
| Fixed assets | 21/28 | €1,427 | €500 | -€927 | -65.0% |
| Tangible fixed assets | 22/27 | €1,427 | €500 | -€927 | -65.0% |
| Plant, machinery and equipment | 23 | €1,427 | €500 | -€927 | -65.0% |
| Current assets | 29/58 | €9,039 | €8,712 | -€327 | -3.6% |
| Amounts receivable within one year | 40/41 | €7,325 | €7,501 | +€175 | +2.4% |
| Trade receivables | 40 | €7,325 | €7,335 | +€10 | +0.1% |
| Other amounts receivable | 41 | - | €166 | +€166 | |
| Cash at bank and in hand | 54/58 | €1,713 | €1,211 | -€502 | -29.3% |
| Total equity and liabilities | 10/49 | €10,466 | €9,212 | -€1,254 | -12.0% |
| Equity | 10/15 | €5,017 | €4,203 | -€815 | -16.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,467 | €1,703 | +€235 | +16.0% |
| Investment grants | 15 | €1,050 | - | -€1,050 | |
| Amounts payable | 17/49 | €5,449 | €5,009 | -€440 | -8.1% |
| Amounts payable within one year | 42/48 | €5,449 | €5,009 | -€440 | -8.1% |
| Trade debts | 44 | €4,844 | €4,755 | -€88 | -1.8% |
| Suppliers | 440/4 | €4,844 | €4,755 | -€88 | -1.8% |
| Advances received on contracts in progress | 46 | €232 | - | -€232 | |
| Taxes, remuneration and social security | 45 | €373 | €94 | -€279 | -74.9% |
| Taxes | 450/3 | €373 | €94 | -€279 | -74.9% |
| Other amounts payable | 47/48 | - | €161 | +€161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €927 | -€323 | -25.8% |
| Gross operating margin | 9900 | €1,923 | €1,553 | -€370 | -19.3% |
| Operating profit (loss) | 9901 | €673 | €626 | -€48 | -7.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €60 | €166 | +€106 | +176.0% |
| Recurring financial charges | 65 | €60 | €166 | +€106 | +176.0% |
| Profit (loss) for the period before taxes | 9903 | €613 | €460 | -€154 | -25.0% |
| Income taxes | 67/77 | €239 | €224 | -€14 | -6.0% |
| Profit (loss) for the period | 9904 | €375 | €235 | -€139 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €375 | €235 | -€139 | -37.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.