SUBIN: 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.
SUBIN
Largest movements
- Tangible fixed assets -€182,617
down €182,617 (-9.6%), from €1.9m to €1.7m
of which Land and buildings: -€108,554
- Cash +€102,965
up €102,965 (+40.7%), from €253,047 to €356,012
mainly Depreciation (+€182,617) and Net result for the year (+€118,784)
- Deferred charges and accrued income +€43,060
up €43,060 (+2693.0%), from €1,599 to €44,659
- Debts after one year -€127,053
down €127,053 (-9.2%), from €1.4m to €1.3m
- Reserves +€110,000
up €110,000 (+59.9%), from €183,546 to €293,546
of which Distributable reserves: +€110,000
- Current portion of long-term debt -€53,300
down €53,300 (-29.7%), from €179,608 to €126,308
- Tax, wage and social debts +€24,977
up €24,977 (+239.9%), from €10,411 to €35,389
- Gross operating margin +€28,939
up €28,939 (+7.8%), from €372,757 to €401,696
- Taxes +€12,066
up €12,066 (+28.1%), from €42,911 to €54,977
- Depreciation -€8,131
down €8,131 (-4.3%), from €190,749 to €182,617
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 | €2,166,446 | €2,129,854 | -€36,592 | -1.7% |
| Fixed assets | 21/28 | €1,908,000 | €1,725,382 | -€182,617 | -9.6% |
| Tangible fixed assets | 22/27 | €1,908,000 | €1,725,382 | -€182,617 | -9.6% |
| Land and buildings | 22 | €1,829,522 | €1,720,968 | -€108,554 | -5.9% |
| Plant, machinery and equipment | 23 | €78,478 | €4,415 | -€74,063 | -94.4% |
| Current assets | 29/58 | €258,447 | €404,472 | +€146,025 | +56.5% |
| Amounts receivable within one year | 40/41 | €3,801 | €3,801 | = | 0.0% |
| Other amounts receivable | 41 | €3,801 | €3,801 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €253,047 | €356,012 | +€102,965 | +40.7% |
| Deferred charges and accrued income | 490/1 | €1,599 | €44,659 | +€43,060 | +2693.0% |
| Total equity and liabilities | 10/49 | €2,166,446 | €2,129,854 | -€36,592 | -1.7% |
| Equity | 10/15 | €598,728 | €717,512 | +€118,784 | +19.8% |
| Contributions | 10/11 | €35,458 | €35,458 | = | 0.0% |
| Reserves | 13 | €183,546 | €293,546 | +€110,000 | +59.9% |
| Non-distributable reserves | 130/1 | €3,546 | €3,546 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,546 | €3,546 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €290,000 | +€110,000 | +61.1% |
| Profit (loss) carried forward | 14 | €379,724 | €388,508 | +€8,784 | +2.3% |
| Amounts payable | 17/49 | €1,567,719 | €1,412,342 | -€155,376 | -9.9% |
| Amounts payable after more than one year | 17 | €1,377,699 | €1,250,646 | -€127,053 | -9.2% |
| Financial debts | 170/4 | €1,377,699 | €1,250,646 | -€127,053 | -9.2% |
| Amounts payable within one year | 42/48 | €190,019 | €161,696 | -€28,323 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €179,608 | €126,308 | -€53,300 | -29.7% |
| Taxes, remuneration and social security | 45 | €10,411 | €35,389 | +€24,977 | +239.9% |
| Taxes | 450/3 | €10,411 | €35,389 | +€24,977 | +239.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,749 | €182,617 | -€8,131 | -4.3% |
| Other operating charges | 640/8 | €26,394 | €27,222 | +€828 | +3.1% |
| Gross operating margin | 9900 | €372,757 | €401,696 | +€28,939 | +7.8% |
| Operating profit (loss) | 9901 | €155,614 | €191,856 | +€36,242 | +23.3% |
| Financial charges | 65/66B | €20,395 | €18,095 | -€2,300 | -11.3% |
| Recurring financial charges | 65 | €20,395 | €17,787 | -€2,608 | -12.8% |
| Non-recurring financial charges | 66B | - | €308 | +€308 | |
| Profit (loss) for the period before taxes | 9903 | €135,220 | €173,761 | +€38,541 | +28.5% |
| Income taxes | 67/77 | €42,911 | €54,977 | +€12,066 | +28.1% |
| Profit (loss) for the period | 9904 | €92,309 | €118,784 | +€26,475 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,309 | €118,784 | +€26,475 | +28.7% |
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 4 October 2026 via checked.be.