SUBLIEM: what changed
What changed
SUBLIEM
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
filed annual accounts (NBB)
Net result for the year
-€37,880
2024 · -€37,898+€18
Equity
-€32,949
2024 · €4,931-€37,880
Cash
€4,074
2024 · €7,328-€3,254
Balance sheet total
€270,997
2024 · €307,902-€36,906
Largest movements
Assets
- Tangible fixed assets -€19,633
down €19,633 (-7.5%), from €262,676 to €243,043
of which Land and buildings: -€18,337
- Receivables within one year -€11,667
down €11,667 (-54.9%), from €21,262 to €9,595
of which Other amounts receivable: -€12,278
- Cash -€3,254
down €3,254 (-44.4%), from €7,328 to €4,074
mainly Net result for the year (-€37,880) and Debts after one year (-€22,564)
Equity and liabilities
- Other debts +€46,730
up €46,730 (+265%), from €17,609 to €64,339
- Profit (loss) carried forward -€37,880
down €37,880 (-51.9%), from -€72,930 to -€110,810
- Debts after one year -€22,564
down €22,564 (-12.4%), from €182,642 to €160,078
- Trade debts -€11,793
down €11,793 (-76.4%), from €15,442 to €3,649
- Provisions -€11,475
down €11,475 (-18.4%), from €62,273 to €50,798
Income statement
- Depreciation -€2,962
down €2,962 (-12.0%), from €24,704 to €21,742
- Financial charges +€1,897
up €1,897 (+54.7%), from €3,464 to €5,361
- Gross operating margin -€1,040
down €1,040 (-14.5%), from -€7,193 to -€8,233
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€37,898
Gross operating margin
-€1,040
Depreciation
+€2,962
Other operating charges
+€18
Financial income
-€49
Financial charges
-€1,897
Taxes
+€24
Result 2025
-€37,880
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€21,405
Investment
€0
Financing
-€24,659
Cash 2024
€7,328
From operations (derived)
+€21,405
Net result for the year
-€37,880
Depreciation
+€21,742
Receivables within one year
+€11,667
Deferred charges and accrued income
+€242
Provisions
-€11,475
Trade debts
-€11,793
Tax, wage and social debts
+€2,171
Other debts
+€46,730
Financing
-€24,659
Debts after one year
-€22,564
Current portion of long-term debt
-€2,094
Cash 2025
€4,074
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,902 | €270,997 | -€36,906 | -12.0% |
| Fixed assets | 21/28 | €267,199 | €245,457 | -€21,742 | -8.1% |
| Intangible fixed assets | 21 | €4,433 | €2,324 | -€2,109 | -47.6% |
| Tangible fixed assets | 22/27 | €262,676 | €243,043 | -€19,633 | -7.5% |
| Land and buildings | 22 | €257,382 | €239,045 | -€18,337 | -7.1% |
| Plant, machinery and equipment | 23 | €3,992 | €3,372 | -€620 | -15.5% |
| Furniture and vehicles | 24 | €1,302 | €626 | -€676 | -51.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €40,703 | €25,540 | -€15,163 | -37.3% |
| Stocks and contracts in progress | 3 | €7,641 | €7,641 | = | 0.0% |
| Stocks | 30/36 | €7,641 | €7,641 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,262 | €9,595 | -€11,667 | -54.9% |
| Trade receivables | 40 | €8,984 | €9,595 | +€611 | +6.8% |
| Other amounts receivable | 41 | €12,278 | €0 | -€12,278 | -100% |
| Cash at bank and in hand | 54/58 | €7,328 | €4,074 | -€3,254 | -44.4% |
| Deferred charges and accrued income | 490/1 | €4,472 | €4,230 | -€242 | -5.4% |
| Total equity and liabilities | 10/49 | €307,902 | €270,997 | -€36,906 | -12.0% |
| Equity | 10/15 | €4,931 | -€32,949 | -€37,880 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €59,269 | €59,269 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €37,255 | €37,255 | = | 0.0% |
| Distributable reserves | 133 | €22,014 | €22,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,930 | -€110,810 | -€37,880 | -51.9% |
| Provisions and deferred taxes | 16 | €62,273 | €50,798 | -€11,475 | -18.4% |
| Provisions for liabilities and charges | 160/5 | €62,273 | €50,798 | -€11,475 | -18.4% |
| Other liabilities and charges | 164/5 | €62,273 | €50,798 | -€11,475 | -18.4% |
| Amounts payable | 17/49 | €240,698 | €253,148 | +€12,450 | +5.2% |
| Amounts payable after more than one year | 17 | €182,642 | €160,078 | -€22,564 | -12.4% |
| Financial debts | 170/4 | €182,642 | €160,078 | -€22,564 | -12.4% |
| Amounts payable within one year | 42/48 | €58,056 | €93,070 | +€35,014 | +60.3% |
| Current portion of amounts payable after more than one year | 42 | €24,659 | €22,564 | -€2,094 | -8.5% |
| Trade debts | 44 | €15,442 | €3,649 | -€11,793 | -76.4% |
| Suppliers | 440/4 | €15,442 | €3,649 | -€11,793 | -76.4% |
| Taxes, remuneration and social security | 45 | €346 | €2,517 | +€2,171 | +627% |
| Taxes | 450/3 | €346 | €2,517 | +€2,171 | +627% |
| Other amounts payable | 47/48 | €17,609 | €64,339 | +€46,730 | +265% |
| Non-recurring operating income | 76A | - | €9,954 | +€9,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,704 | €21,742 | -€2,962 | -12.0% |
| Other operating charges | 640/8 | €2,588 | €2,570 | -€18 | -0.7% |
| Gross operating margin | 9900 | -€7,193 | -€8,233 | -€1,040 | -14.5% |
| Operating profit (loss) | 9901 | -€34,485 | -€32,546 | +€1,939 | +5.6% |
| Financial income | 75/76B | €220 | €172 | -€49 | -22.1% |
| Recurring financial income | 75 | €220 | €172 | -€49 | -22.1% |
| Financial charges | 65/66B | €3,464 | €5,361 | +€1,897 | +54.7% |
| Recurring financial charges | 65 | €3,464 | €5,361 | +€1,897 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,729 | -€37,735 | -€6 | 0.0% |
| Income taxes | 67/77 | €169 | €145 | -€24 | -14.3% |
| Profit (loss) for the period | 9904 | -€37,898 | -€37,880 | +€18 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,898 | -€37,880 | +€18 | 0.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.