SUBBA: 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.
SUBBA
Largest movements
- Tangible fixed assets -€21,098
down €21,098 (-35.0%), from €60,212 to €39,113
of which Leasing and similar rights: -€14,694
- Receivables within one year -€13,641
down €13,641 (-43.3%), from €31,533 to €17,893
of which Trade receivables: -€13,743
- Deferred charges and accrued income -€4,871
down €4,871 (-56.7%), from €8,595 to €3,725
- Stocks and contracts +€1,343
up €1,343 (+10.7%), from €12,556 to €13,899
- Other debts -€14,254
down €14,254 (-92.4%), from €15,426 to €1,172
- Debts after one year -€11,360
down €11,360 (-36.5%), from €31,126 to €19,766
- Trade debts -€10,489
down €10,489 (-20.7%), from €50,621 to €40,132
- Tax, wage and social debts -€2,365
down €2,365 (-28.2%), from €8,374 to €6,009
- Gross operating margin +€7,318
up €7,318 (+28.0%), from €26,146 to €33,464
- Financial charges +€2,815
up €2,815 (+51.7%), from €5,440 to €8,255
- Other operating charges -€495
down €495 (-11.3%), from €4,376 to €3,881
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 | €113,242 | €75,058 | -€38,184 | -33.7% |
| Fixed assets | 21/28 | €60,466 | €39,403 | -€21,063 | -34.8% |
| Tangible fixed assets | 22/27 | €60,212 | €39,113 | -€21,098 | -35.0% |
| Plant, machinery and equipment | 23 | €10,006 | €3,602 | -€6,404 | -64.0% |
| Leasing and similar rights | 25 | €50,205 | €35,511 | -€14,694 | -29.3% |
| Financial fixed assets | 28 | €254 | €289 | +€35 | +13.8% |
| Current assets | 29/58 | €52,776 | €35,655 | -€17,120 | -32.4% |
| Stocks and contracts in progress | 3 | €12,556 | €13,899 | +€1,343 | +10.7% |
| Stocks | 30/36 | €12,556 | €13,899 | +€1,343 | +10.7% |
| Amounts receivable within one year | 40/41 | €31,533 | €17,893 | -€13,641 | -43.3% |
| Trade receivables | 40 | €27,783 | €14,040 | -€13,743 | -49.5% |
| Other amounts receivable | 41 | €3,750 | €3,852 | +€102 | +2.7% |
| Cash at bank and in hand | 54/58 | €91 | €139 | +€48 | +52.6% |
| Deferred charges and accrued income | 490/1 | €8,595 | €3,725 | -€4,871 | -56.7% |
| Total equity and liabilities | 10/49 | €113,242 | €75,058 | -€38,184 | -33.7% |
| Equity | 10/15 | -€3,664 | -€3,907 | -€243 | -6.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,664 | -€10,907 | -€243 | -2.3% |
| Amounts payable | 17/49 | €116,906 | €78,965 | -€37,941 | -32.5% |
| Amounts payable after more than one year | 17 | €31,126 | €19,766 | -€11,360 | -36.5% |
| Financial debts | 170/4 | €31,126 | €19,766 | -€11,360 | -36.5% |
| Amounts payable within one year | 42/48 | €85,780 | €58,671 | -€27,109 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €11,360 | €11,360 | = | 0.0% |
| Trade debts | 44 | €50,621 | €40,132 | -€10,489 | -20.7% |
| Suppliers | 440/4 | €50,621 | €40,132 | -€10,489 | -20.7% |
| Taxes, remuneration and social security | 45 | €8,374 | €6,009 | -€2,365 | -28.2% |
| Taxes | 450/3 | €8,374 | €6,009 | -€2,365 | -28.2% |
| Other amounts payable | 47/48 | €15,426 | €1,172 | -€14,254 | -92.4% |
| Accrued charges and deferred income | 492/3 | - | €528 | +€528 | |
| Remuneration, social security and pensions | 62 | - | €91 | +€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,098 | €21,098 | = | 0.0% |
| Other operating charges | 640/8 | €4,376 | €3,881 | -€495 | -11.3% |
| Gross operating margin | 9900 | €26,146 | €33,464 | +€7,318 | +28.0% |
| Operating profit (loss) | 9901 | €671 | €8,394 | +€7,722 | +1150.0% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €5,440 | €8,255 | +€2,815 | +51.7% |
| Recurring financial charges | 65 | €5,440 | €8,255 | +€2,815 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,768 | €299 | +€5,068 | |
| Income taxes | 67/77 | €256 | €542 | +€286 | +111.3% |
| Profit (loss) for the period | 9904 | -€5,025 | -€243 | +€4,782 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,025 | -€243 | +€4,782 | +95.2% |
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 30 September 2026 via checked.be.