SUBARE: 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.
SUBARE
Largest movements
- Receivables within one year -€25,155
no longer reported in 2025 (was €25,155)
of which Other amounts receivable: -€24,356
- Cash +€6,911
up €6,911 (+19.4%), from €35,599 to €42,510
mainly Receivables within one year (+€25,155) and Net result for the year (+€14,791)
- Intangible fixed assets -€2,697
no longer reported in 2025 (was €2,697)
- Trade debts -€37,628
no longer reported in 2025 (was €37,628)
- Contributions +€35,894
up €35,894 (+5438.5%), from €660 to €36,554
- Profit (loss) carried forward -€21,103
down €21,103 (-58.8%), from €35,894 to €14,791
- Tax, wage and social debts +€2,546
up €2,546 (+157.2%), from €1,619 to €4,165
- Turnover +€197,454
new in 2025: €197,454
- Purchases and services +€120,346
new in 2025: €120,346
- Staff costs +€54,045
new in 2025: €54,045
- Gross operating margin +€36,900
up €36,900 (+91.8%), from €40,208 to €77,108
- Taxes +€3,698
new in 2025: €3,698
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 | €75,801 | €55,510 | -€20,291 | -26.8% |
| Fixed assets | 21/28 | €2,697 | - | -€2,697 | |
| Intangible fixed assets | 21 | €2,697 | - | -€2,697 | |
| Current assets | 29/58 | €73,104 | €55,510 | -€17,594 | -24.1% |
| Stocks and contracts in progress | 3 | €12,350 | €13,000 | +€650 | +5.3% |
| Stocks | 30/36 | €12,350 | €13,000 | +€650 | +5.3% |
| Amounts receivable within one year | 40/41 | €25,155 | - | -€25,155 | |
| Trade receivables | 40 | €799 | - | -€799 | |
| Other amounts receivable | 41 | €24,356 | - | -€24,356 | |
| Cash at bank and in hand | 54/58 | €35,599 | €42,510 | +€6,911 | +19.4% |
| Total equity and liabilities | 10/49 | €75,801 | €55,510 | -€20,291 | -26.8% |
| Equity | 10/15 | €36,554 | €51,345 | +€14,791 | +40.5% |
| Contributions | 10/11 | €660 | €36,554 | +€35,894 | +5438.5% |
| Profit (loss) carried forward | 14 | €35,894 | €14,791 | -€21,103 | -58.8% |
| Amounts payable | 17/49 | €39,247 | €4,165 | -€35,082 | -89.4% |
| Amounts payable within one year | 42/48 | €39,247 | €4,165 | -€35,082 | -89.4% |
| Trade debts | 44 | €37,628 | - | -€37,628 | |
| Suppliers | 440/4 | €37,628 | - | -€37,628 | |
| Taxes, remuneration and social security | 45 | €1,619 | €4,165 | +€2,546 | +157.2% |
| Taxes | 450/3 | €1,619 | €4,165 | +€2,546 | +157.2% |
| Turnover | 70 | - | €197,454 | +€197,454 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €120,346 | +€120,346 | |
| Remuneration, social security and pensions | 62 | - | €54,045 | +€54,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €2,697 | +€2,394 | +789.3% |
| Other operating charges | 640/8 | €1,337 | - | -€1,337 | |
| Gross operating margin | 9900 | €40,208 | €77,108 | +€36,900 | +91.8% |
| Operating profit (loss) | 9901 | €38,568 | €20,366 | -€18,202 | -47.2% |
| Financial income | 75/76B | €63 | - | -€63 | |
| Recurring financial income | 75 | €63 | - | -€63 | |
| Financial charges | 65/66B | €2,737 | €1,877 | -€860 | -31.4% |
| Recurring financial charges | 65 | €2,737 | €1,877 | -€860 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €35,894 | €18,489 | -€17,405 | -48.5% |
| Income taxes | 67/77 | - | €3,698 | +€3,698 | |
| Profit (loss) for the period | 9904 | €35,894 | €14,791 | -€21,103 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,894 | €14,791 | -€21,103 | -58.8% |
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 5 October 2026 via checked.be.