SUBICO: 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.
SUBICO
Largest movements
- Stocks and contracts -€387,815
no longer reported in 2014 (was €387,815)
- Receivables within one year -€129,681
down €129,681 (-94.7%), from €136,931 to €7,250
- Tangible fixed assets -€25,369
down €25,369 (-10.6%), from €238,966 to €213,597
- Cash +€15,617
up €15,617 (+440.5%), from €3,546 to €19,163
mainly Stocks and contracts (+€387,815) and Receivables within one year (+€129,681)
- Debts after one year -€355,189
down €355,189 (-74.0%), from €479,928 to €124,739
- Debts within one year -€182,671
down €182,671 (-88.6%), from €206,161 to €23,491
- Reserves +€10,612
up €10,612 (+17.0%), from €62,568 to €73,180
- Depreciation -€3,825
down €3,825 (-13.1%), from €29,194 to €25,369
- Gross operating margin +€664
up €664 (+1.1%), from €62,093 to €62,757
From the 2013 result to the 2014 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 2013 and 2014 balance sheets and the 2014 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2013 | 2014 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,258 | €240,010 | -€527,248 | -68.7% |
| Fixed assets | 21/28 | €238,966 | €213,597 | -€25,369 | -10.6% |
| Tangible fixed assets | 22/27 | €238,966 | €213,597 | -€25,369 | -10.6% |
| Current assets | 29/58 | €528,292 | €26,413 | -€501,879 | -95.0% |
| Stocks and contracts in progress | 3 | €387,815 | - | -€387,815 | |
| Amounts receivable within one year | 40/41 | €136,931 | €7,250 | -€129,681 | -94.7% |
| Cash at bank and in hand | 54/58 | €3,546 | €19,163 | +€15,617 | +440.5% |
| Total equity and liabilities | 10/49 | €767,258 | €240,010 | -€527,248 | -68.7% |
| Equity | 10/15 | €81,168 | €91,780 | +€10,612 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,568 | €73,180 | +€10,612 | +17.0% |
| Amounts payable | 17/49 | €686,089 | €148,230 | -€537,860 | -78.4% |
| Amounts payable after more than one year | 17 | €479,928 | €124,739 | -€355,189 | -74.0% |
| Amounts payable within one year | 42/48 | €206,161 | €23,491 | -€182,671 | -88.6% |
| Trade debts | 44 | €190,352 | €5,842 | -€184,510 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,194 | €25,369 | -€3,825 | -13.1% |
| Gross operating margin | 9900 | €62,093 | €62,757 | +€664 | +1.1% |
| Operating profit (loss) | 9901 | €12,187 | €17,814 | +€5,628 | +46.2% |
| Recurring financial income | 75 | €10,694 | €3,202 | -€7,492 | -70.1% |
| Recurring financial charges | 65 | €16,001 | €10,434 | -€5,566 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €6,880 | €10,582 | +€3,702 | +53.8% |
| Income taxes | 67/77 | €45 | -€29 | -€74 | |
| Profit (loss) for the period | 9904 | €6,835 | €10,612 | +€3,776 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,835 | €10,612 | +€3,776 | +55.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2013 and 31 March 2014. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.