Subay: 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.
Subay
Largest movements
- Cash +€12,177
up €12,177 (+75.2%), from €16,192 to €28,370
mainly Trade debts (+€9,496) and Net result for the year (+€2,036)
- Tangible fixed assets +€2,023
new in 2025: €2,023
- Receivables within one year -€1,154
down €1,154 (-8.8%), from €13,053 to €11,899
of which Trade receivables: -€2,689
- Trade debts +€9,496
new in 2025: €9,496
- Profit (loss) carried forward +€2,036
up €2,036 (+11.3%), from €17,948 to €19,984
- Tax, wage and social debts +€1,515
up €1,515 (+18.3%), from €8,298 to €9,812
of which Remuneration and social security: +€4,000
- Purchases and services -€104,697
no longer reported in 2025 (was €104,697)
- Gross operating margin -€20,640
down €20,640 (-84.9%), from €24,310 to €3,669
- Taxes -€4,957
down €4,957, from €4,749 to -€208
- Depreciation -€797
down €797 (-70.0%), from €1,138 to €341
- Financial charges +€561
up €561 (+621%), from €90 to €651
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 | €29,245 | €42,292 | +€13,047 | +44.6% |
| Fixed assets | 21/28 | - | €2,023 | +€2,023 | |
| Tangible fixed assets | 22/27 | - | €2,023 | +€2,023 | |
| Plant, machinery and equipment | 23 | - | €2,023 | +€2,023 | |
| Current assets | 29/58 | €29,245 | €40,269 | +€11,024 | +37.7% |
| Amounts receivable within one year | 40/41 | €13,053 | €11,899 | -€1,154 | -8.8% |
| Trade receivables | 40 | €12,388 | €9,698 | -€2,689 | -21.7% |
| Other amounts receivable | 41 | €665 | €2,201 | +€1,536 | +231% |
| Cash at bank and in hand | 54/58 | €16,192 | €28,370 | +€12,177 | +75.2% |
| Total equity and liabilities | 10/49 | €29,245 | €42,292 | +€13,047 | +44.6% |
| Equity | 10/15 | €20,948 | €22,984 | +€2,036 | +9.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,948 | €19,984 | +€2,036 | +11.3% |
| Amounts payable | 17/49 | €8,298 | €19,308 | +€11,011 | +133% |
| Amounts payable within one year | 42/48 | €8,298 | €19,308 | +€11,011 | +133% |
| Trade debts | 44 | - | €9,496 | +€9,496 | |
| Suppliers | 440/4 | - | €9,496 | +€9,496 | |
| Taxes, remuneration and social security | 45 | €8,298 | €9,812 | +€1,515 | +18.3% |
| Taxes | 450/3 | €8,298 | €5,812 | -€2,486 | -30.0% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €104,697 | - | -€104,697 | |
| Remuneration, social security and pensions | 62 | - | €64 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,138 | €341 | -€797 | -70.0% |
| Other operating charges | 640/8 | €384 | €863 | +€478 | +124% |
| Gross operating margin | 9900 | €24,310 | €3,669 | -€20,640 | -84.9% |
| Operating profit (loss) | 9901 | €22,787 | €2,402 | -€20,385 | -89.5% |
| Financial income | 75/76B | - | €78 | +€78 | |
| Recurring financial income | 75 | - | €78 | +€78 | |
| Financial charges | 65/66B | €90 | €651 | +€561 | +621% |
| Recurring financial charges | 65 | €90 | €651 | +€561 | +621% |
| Profit (loss) for the period before taxes | 9903 | €22,697 | €1,828 | -€20,868 | -91.9% |
| Income taxes | 67/77 | €4,749 | -€208 | -€4,957 | |
| Profit (loss) for the period | 9904 | €17,948 | €2,036 | -€15,911 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,948 | €2,036 | -€15,911 | -88.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.