SUB-Alliance: what changed
Two fiscal 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.
SUB-Alliance
Largest movements
- Cash -€24,471
down €24,471 (-75.3%), from €32,503 to €8,032
mainly Receivables within one year (-€12,908) and Other debts (-€11,912)
- Receivables within one year +€12,908
up €12,908 (+8.8%), from €146,108 to €159,017
of which Trade receivables: +€12,875
- Other debts -€11,912
down €11,912 (-6.7%), from €177,995 to €166,083
- Gross operating margin -€15,841
down €15,841 (-96.6%), from €16,404 to €564
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 | €178,611 | €167,049 | -€11,563 | -6.5% |
| Current assets | 29/58 | €178,611 | €167,049 | -€11,563 | -6.5% |
| Amounts receivable within one year | 40/41 | €146,108 | €159,017 | +€12,908 | +8.8% |
| Trade receivables | 40 | €10,565 | €23,440 | +€12,875 | +121.9% |
| Other amounts receivable | 41 | €135,543 | €135,577 | +€33 | 0.0% |
| Cash at bank and in hand | 54/58 | €32,503 | €8,032 | -€24,471 | -75.3% |
| Total equity and liabilities | 10/49 | €178,611 | €167,049 | -€11,563 | -6.5% |
| Equity | 10/15 | - | €46 | +€46 | |
| Profit (loss) carried forward | 14 | - | €46 | +€46 | |
| Amounts payable | 17/49 | €178,611 | €167,002 | -€11,609 | -6.5% |
| Amounts payable within one year | 42/48 | €178,611 | €167,002 | -€11,609 | -6.5% |
| Trade debts | 44 | €125 | €310 | +€185 | +148.0% |
| Suppliers | 440/4 | €125 | €310 | +€185 | +148.0% |
| Taxes, remuneration and social security | 45 | €491 | €609 | +€118 | +24.1% |
| Taxes | 450/3 | €491 | €609 | +€118 | +24.1% |
| Other amounts payable | 47/48 | €177,995 | €166,083 | -€11,912 | -6.7% |
| Gross operating margin | 9900 | €16,404 | €564 | -€15,841 | -96.6% |
| Operating profit (loss) | 9901 | €16,404 | €564 | -€15,841 | -96.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €521 | €501 | -€21 | -4.0% |
| Recurring financial charges | 65 | €521 | €501 | -€21 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €15,883 | €63 | -€15,820 | -99.6% |
| Income taxes | 67/77 | - | €17 | +€17 | |
| Profit (loss) for the period | 9904 | €15,883 | €46 | -€15,837 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,883 | €46 | -€15,837 | -99.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.