SUBBHA: 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.
SUBBHA
Largest movements
- Cash -€73,155
down €73,155 (-75.0%), from €97,533 to €24,378
mainly Receivables within one year (-€60,438) and Contributions, distributions and other (-€60,000)
- Receivables within one year +€60,438
up €60,438 (+956%), from €6,320 to €66,758
of which Other amounts receivable: +€48,746
- Tangible fixed assets +€46,910
up €46,910 (+455%), from €10,318 to €57,228
of which Furniture and vehicles: +€51,064
- Debts after one year +€28,765
new in 2025: €28,765
- Current portion of long-term debt +€10,906
new in 2025: €10,906
- Trade debts -€7,160
down €7,160 (-68.5%), from €10,449 to €3,289
- Tax, wage and social debts +€2,184
up €2,184 (+43.8%), from €4,992 to €7,176
of which Remuneration and social security: +€3,213
- Gross operating margin +€35,418
up €35,418 (+40.9%), from €86,586 to €122,004
- Taxes +€13,620
up €13,620 (+166%), from €8,195 to €21,815
- Depreciation +€4,602
up €4,602 (+74.1%), from €6,214 to €10,816
- Staff costs -€2,435
down €2,435 (-8.6%), from €28,339 to €25,904
- Other operating charges +€2,063
up €2,063 (+278%), from €743 to €2,806
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 | €115,584 | €150,052 | +€34,468 | +29.8% |
| Fixed assets | 21/28 | €10,318 | €57,228 | +€46,910 | +455% |
| Tangible fixed assets | 22/27 | €10,318 | €57,228 | +€46,910 | +455% |
| Plant, machinery and equipment | 23 | €8,837 | €4,683 | -€4,154 | -47.0% |
| Furniture and vehicles | 24 | €1,481 | €52,545 | +€51,064 | +3,448% |
| Current assets | 29/58 | €105,266 | €92,824 | -€12,442 | -11.8% |
| Stocks and contracts in progress | 3 | €1,413 | €1,688 | +€275 | +19.5% |
| Stocks | 30/36 | €1,413 | €1,688 | +€275 | +19.5% |
| Amounts receivable within one year | 40/41 | €6,320 | €66,758 | +€60,438 | +956% |
| Trade receivables | 40 | - | €11,692 | +€11,692 | |
| Other amounts receivable | 41 | €6,320 | €55,066 | +€48,746 | +771% |
| Cash at bank and in hand | 54/58 | €97,533 | €24,378 | -€73,155 | -75.0% |
| Total equity and liabilities | 10/49 | €115,584 | €150,052 | +€34,468 | +29.8% |
| Equity | 10/15 | €40,143 | €39,346 | -€797 | -2.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €20,143 | €19,346 | -€797 | -4.0% |
| Distributable reserves | 133 | €20,143 | €19,346 | -€797 | -4.0% |
| Amounts payable | 17/49 | €75,441 | €110,706 | +€35,265 | +46.7% |
| Amounts payable after more than one year | 17 | - | €28,765 | +€28,765 | |
| Financial debts | 170/4 | - | €28,765 | +€28,765 | |
| Amounts payable within one year | 42/48 | €75,441 | €81,371 | +€5,930 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,906 | +€10,906 | |
| Trade debts | 44 | €10,449 | €3,289 | -€7,160 | -68.5% |
| Suppliers | 440/4 | €10,449 | €3,289 | -€7,160 | -68.5% |
| Taxes, remuneration and social security | 45 | €4,992 | €7,176 | +€2,184 | +43.8% |
| Taxes | 450/3 | €2,992 | €1,963 | -€1,029 | -34.4% |
| Remuneration and social security | 454/9 | €2,000 | €5,213 | +€3,213 | +161% |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €570 | +€570 | |
| Remuneration, social security and pensions | 62 | €28,339 | €25,904 | -€2,435 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,214 | €10,816 | +€4,602 | +74.1% |
| Other operating charges | 640/8 | €743 | €2,806 | +€2,063 | +278% |
| Gross operating margin | 9900 | €86,586 | €122,004 | +€35,418 | +40.9% |
| Operating profit (loss) | 9901 | €51,290 | €82,478 | +€31,188 | +60.8% |
| Financial income | 75/76B | - | €1,279 | +€1,279 | |
| Recurring financial income | 75 | - | €1,279 | +€1,279 | |
| Financial charges | 65/66B | €2,056 | €2,739 | +€683 | +33.2% |
| Recurring financial charges | 65 | €2,056 | €2,739 | +€683 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €49,234 | €81,018 | +€31,784 | +64.6% |
| Income taxes | 67/77 | €8,195 | €21,815 | +€13,620 | +166% |
| Profit (loss) for the period | 9904 | €41,039 | €59,203 | +€18,164 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,039 | €59,203 | +€18,164 | +44.3% |
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 24 October 2026 via checked.be.