SUBLAND: 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.
SUBLAND
Largest movements
- Receivables within one year -€17,610
down €17,610 (-100.0%), from €17,610 to €0
- Stocks and contracts -€1,241
down €1,241 (-5.1%), from €24,426 to €23,185
- Cash -€1,194
down €1,194 (-100.0%), from €1,194 to €0
mainly Net result for the year (-€19,006) and Accrued charges and deferred income (-€17,852)
- Tangible fixed assets -€936
down €936 (-57.3%), from €1,634 to €698
- Debts after one year +€19,147
up €19,147 (+176.4%), from €10,853 to €30,000
- Profit (loss) carried forward -€19,006
down €19,006 (-319.2%), from -€5,954 to -€24,960
- Accrued charges and deferred income -€17,852
down €17,852 (-100.0%), from €17,852 to €0
- Trade debts -€1,701
down €1,701 (-43.9%), from €3,878 to €2,177
- Tax, wage and social debts -€1,109
down €1,109 (-24.7%), from €4,480 to €3,371
- Gross operating margin -€8,989
down €8,989 (-519.1%), from -€1,732 to -€10,721
- Other operating charges +€1,353
up €1,353 (+27.5%), from €4,923 to €6,276
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 | €49,365 | €28,516 | -€20,849 | -42.2% |
| Fixed assets | 21/28 | €6,134 | €5,198 | -€936 | -15.3% |
| Tangible fixed assets | 22/27 | €1,634 | €698 | -€936 | -57.3% |
| Plant, machinery and equipment | 23 | €1,634 | €698 | -€936 | -57.3% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €43,231 | €23,318 | -€19,913 | -46.1% |
| Stocks and contracts in progress | 3 | €24,426 | €23,185 | -€1,241 | -5.1% |
| Stocks | 30/36 | €24,426 | €23,185 | -€1,241 | -5.1% |
| Amounts receivable within one year | 40/41 | €17,610 | €0 | -€17,610 | -100.0% |
| Trade receivables | 40 | €17,610 | €0 | -€17,610 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,194 | €0 | -€1,194 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | €132 | +€132 | |
| Total equity and liabilities | 10/49 | €49,365 | €28,516 | -€20,849 | -42.2% |
| Equity | 10/15 | -€3,954 | -€22,960 | -€19,006 | -480.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,954 | -€24,960 | -€19,006 | -319.2% |
| Amounts payable | 17/49 | €53,320 | €51,477 | -€1,843 | -3.5% |
| Amounts payable after more than one year | 17 | €10,853 | €30,000 | +€19,147 | +176.4% |
| Financial debts | 170/4 | €10,853 | €30,000 | +€19,147 | +176.4% |
| Amounts payable within one year | 42/48 | €24,615 | €21,477 | -€3,138 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €4,356 | €3,353 | -€1,003 | -23.0% |
| Financial debts | 43 | €4,567 | €4,192 | -€375 | -8.2% |
| Credit institutions | 430/8 | €4,567 | €4,192 | -€375 | -8.2% |
| Trade debts | 44 | €3,878 | €2,177 | -€1,701 | -43.9% |
| Suppliers | 440/4 | €3,878 | €2,177 | -€1,701 | -43.9% |
| Taxes, remuneration and social security | 45 | €4,480 | €3,371 | -€1,109 | -24.7% |
| Taxes | 450/3 | €4,480 | €3,371 | -€1,109 | -24.7% |
| Other amounts payable | 47/48 | €7,335 | €8,384 | +€1,049 | +14.3% |
| Accrued charges and deferred income | 492/3 | €17,852 | €0 | -€17,852 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €936 | €936 | = | 0.0% |
| Other operating charges | 640/8 | €4,923 | €6,276 | +€1,353 | +27.5% |
| Gross operating margin | 9900 | -€1,732 | -€10,721 | -€8,989 | -519.1% |
| Operating profit (loss) | 9901 | -€7,591 | -€17,933 | -€10,342 | -136.2% |
| Financial income | 75/76B | €4 | €2 | -€2 | -61.7% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -61.7% |
| Financial charges | 65/66B | €678 | €666 | -€12 | -1.8% |
| Recurring financial charges | 65 | €678 | €666 | -€12 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,265 | -€18,597 | -€10,332 | -125.0% |
| Income taxes | 67/77 | €327 | €409 | +€82 | +25.0% |
| Profit (loss) for the period | 9904 | -€8,592 | -€19,006 | -€10,414 | -121.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,592 | -€19,006 | -€10,414 | -121.2% |
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.