SUBA: 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.
SUBA
Largest movements
- Receivables within one year +€63,134
up €63,134 (+34.7%), from €182,191 to €245,325
of which Trade receivables: +€69,658
- Tangible fixed assets -€48,505
down €48,505 (-12.5%), from €389,338 to €340,833
of which Leasing and similar rights: -€25,910
- Reserves +€58,000
up €58,000 (+50.5%), from €114,860 to €172,860
- Debts after one year -€31,880
down €31,880 (-14.4%), from €221,649 to €189,769
- Trade debts -€17,618
down €17,618 (-43.9%), from €40,125 to €22,508
- Tax, wage and social debts +€10,444
up €10,444 (+71.6%), from €14,587 to €25,032
of which Taxes: +€9,273
- Gross operating margin +€28,451
up €28,451 (+17.1%), from €166,491 to €194,942
- Staff costs +€27,912
up €27,912 (+96.3%), from €28,985 to €56,896
- Depreciation +€11,544
up €11,544 (+30.7%), from €37,646 to €49,190
- Write-downs -€10,369
no longer reported in 2025 (was €10,369)
- Other operating charges -€3,176
down €3,176 (-62.8%), from €5,060 to €1,883
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 | €594,550 | €612,858 | +€18,308 | +3.1% |
| Fixed assets | 21/28 | €389,338 | €340,833 | -€48,505 | -12.5% |
| Tangible fixed assets | 22/27 | €389,338 | €340,833 | -€48,505 | -12.5% |
| Land and buildings | 22 | €265,493 | €248,888 | -€16,605 | -6.3% |
| Plant, machinery and equipment | 23 | €1,208 | €2,142 | +€935 | +77.4% |
| Furniture and vehicles | 24 | €23,532 | €16,608 | -€6,925 | -29.4% |
| Leasing and similar rights | 25 | €99,105 | €73,196 | -€25,910 | -26.1% |
| Current assets | 29/58 | €205,211 | €272,024 | +€66,813 | +32.6% |
| Amounts receivable within one year | 40/41 | €182,191 | €245,325 | +€63,134 | +34.7% |
| Trade receivables | 40 | €171,560 | €241,218 | +€69,658 | +40.6% |
| Other amounts receivable | 41 | €10,631 | €4,107 | -€6,524 | -61.4% |
| Cash at bank and in hand | 54/58 | €16,441 | €20,840 | +€4,398 | +26.8% |
| Deferred charges and accrued income | 490/1 | €6,579 | €5,860 | -€719 | -10.9% |
| Total equity and liabilities | 10/49 | €594,550 | €612,858 | +€18,308 | +3.1% |
| Equity | 10/15 | €269,901 | €328,848 | +€58,947 | +21.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €114,860 | €172,860 | +€58,000 | +50.5% |
| Distributable reserves | 133 | €114,860 | €172,860 | +€58,000 | +50.5% |
| Profit (loss) carried forward | 14 | €142,641 | €143,588 | +€947 | +0.7% |
| Amounts payable | 17/49 | €324,649 | €284,010 | -€40,639 | -12.5% |
| Amounts payable after more than one year | 17 | €221,649 | €189,769 | -€31,880 | -14.4% |
| Financial debts | 170/4 | €221,649 | €189,769 | -€31,880 | -14.4% |
| Amounts payable within one year | 42/48 | €102,695 | €93,849 | -€8,846 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €36,219 | €31,880 | -€4,339 | -12.0% |
| Trade debts | 44 | €40,125 | €22,508 | -€17,618 | -43.9% |
| Suppliers | 440/4 | €40,125 | €22,508 | -€17,618 | -43.9% |
| Taxes, remuneration and social security | 45 | €14,587 | €25,032 | +€10,444 | +71.6% |
| Taxes | 450/3 | €12,587 | €21,861 | +€9,273 | +73.7% |
| Remuneration and social security | 454/9 | €2,000 | €3,171 | +€1,171 | +58.5% |
| Other amounts payable | 47/48 | €11,764 | €14,430 | +€2,666 | +22.7% |
| Accrued charges and deferred income | 492/3 | €304 | €391 | +€87 | +28.6% |
| Remuneration, social security and pensions | 62 | €28,985 | €56,896 | +€27,912 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,646 | €49,190 | +€11,544 | +30.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,369 | - | -€10,369 | |
| Other operating charges | 640/8 | €5,060 | €1,883 | -€3,176 | -62.8% |
| Gross operating margin | 9900 | €166,491 | €194,942 | +€28,451 | +17.1% |
| Operating profit (loss) | 9901 | €84,432 | €86,973 | +€2,541 | +3.0% |
| Financial income | 75/76B | €198 | €286 | +€88 | +44.3% |
| Recurring financial income | 75 | €198 | €286 | +€88 | +44.3% |
| Financial charges | 65/66B | €3,361 | €4,423 | +€1,062 | +31.6% |
| Recurring financial charges | 65 | €3,361 | €4,423 | +€1,062 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €81,269 | €82,836 | +€1,567 | +1.9% |
| Income taxes | 67/77 | €22,831 | €23,889 | +€1,057 | +4.6% |
| Profit (loss) for the period | 9904 | €58,437 | €58,947 | +€510 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,437 | €58,947 | +€510 | +0.9% |
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 11 October 2026 via checked.be.