Subisco: 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.
Subisco
Largest movements
- Tangible fixed assets -€6,278
down €6,278 (-22.5%), from €27,911 to €21,633
- Receivables within one year +€2,269
up €2,269 (+2.0%), from €112,233 to €114,502
of which Trade receivables: +€7,287
- Trade debts +€10,726
up €10,726 (+137.1%), from €7,826 to €18,552
- Profit (loss) carried forward -€10,000
down €10,000 (-14.3%), from €69,946 to €59,946
- Debts after one year -€5,031
down €5,031 (-41.6%), from €12,101 to €7,070
- Tax, wage and social debts -€3,599
down €3,599 (-27.7%), from €13,003 to €9,404
- Other debts +€3,188
up €3,188 (+7.3%), from €43,801 to €46,989
- Write-downs +€34,835
new in 2025: €34,835
- Gross operating margin -€9,396
down €9,396 (-22.0%), from €42,732 to €33,337
- Taxes -€9,366
down €9,366, from €8,525 to -€841
- Depreciation +€2,317
up €2,317 (+49.9%), from €4,641 to €6,958
- Financial charges +€949
up €949 (+145.9%), from €650 to €1,599
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 | €191,259 | €186,764 | -€4,495 | -2.4% |
| Fixed assets | 21/28 | €27,936 | €21,657 | -€6,278 | -22.5% |
| Tangible fixed assets | 22/27 | €27,911 | €21,633 | -€6,278 | -22.5% |
| Furniture and vehicles | 24 | €27,911 | €21,633 | -€6,278 | -22.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €163,324 | €165,107 | +€1,783 | +1.1% |
| Amounts receivable within one year | 40/41 | €112,233 | €114,502 | +€2,269 | +2.0% |
| Trade receivables | 40 | €17,715 | €25,002 | +€7,287 | +41.1% |
| Other amounts receivable | 41 | €94,518 | €89,500 | -€5,018 | -5.3% |
| Cash at bank and in hand | 54/58 | €51,091 | €50,605 | -€486 | -1.0% |
| Total equity and liabilities | 10/49 | €191,259 | €186,764 | -€4,495 | -2.4% |
| Equity | 10/15 | €109,718 | €99,718 | -€10,000 | -9.1% |
| Contributions | 10/11 | €28,508 | €28,508 | = | 0.0% |
| Reserves | 13 | €11,264 | €11,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,264 | €11,264 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,264 | €11,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,946 | €59,946 | -€10,000 | -14.3% |
| Amounts payable | 17/49 | €81,541 | €87,046 | +€5,505 | +6.8% |
| Amounts payable after more than one year | 17 | €12,101 | €7,070 | -€5,031 | -41.6% |
| Financial debts | 170/4 | €12,101 | €7,070 | -€5,031 | -41.6% |
| Amounts payable within one year | 42/48 | €69,440 | €79,976 | +€10,536 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €4,810 | €5,031 | +€221 | +4.6% |
| Trade debts | 44 | €7,826 | €18,552 | +€10,726 | +137.1% |
| Suppliers | 440/4 | €7,826 | €18,552 | +€10,726 | +137.1% |
| Taxes, remuneration and social security | 45 | €13,003 | €9,404 | -€3,599 | -27.7% |
| Taxes | 450/3 | €13,003 | €9,404 | -€3,599 | -27.7% |
| Other amounts payable | 47/48 | €43,801 | €46,989 | +€3,188 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,641 | €6,958 | +€2,317 | +49.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34,835 | +€34,835 | |
| Other operating charges | 640/8 | €1,285 | €786 | -€498 | -38.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €42,732 | €33,337 | -€9,396 | -22.0% |
| Operating profit (loss) | 9901 | €36,807 | -€9,242 | -€46,049 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €650 | €1,599 | +€949 | +145.9% |
| Recurring financial charges | 65 | €650 | €1,599 | +€949 | +145.9% |
| Profit (loss) for the period before taxes | 9903 | €36,157 | -€10,841 | -€46,998 | |
| Income taxes | 67/77 | €8,525 | -€841 | -€9,366 | |
| Profit (loss) for the period | 9904 | €27,632 | -€10,000 | -€37,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,632 | -€10,000 | -€37,632 |
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 6 October 2026 via checked.be.