SUBLIGYP: 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.
SUBLIGYP
Largest movements
- Cash +€71,216
up €71,216 (+23.8%), from €299,054 to €370,269
mainly Other debts (+€223,099) and Net result for the year (+€103,300)
- Tangible fixed assets -€57,798
down €57,798 (-15.6%), from €370,419 to €312,621
of which Furniture and vehicles: -€47,438
- Receivables after one year +€25,000
up €25,000 (+250.0%), from €10,000 to €35,000
- Other debts +€223,099
up €223,099 (+22134.2%), from €1,008 to €224,107
- Reserves -€121,500
down €121,500 (-32.3%), from €376,105 to €254,605
of which Distributable reserves: -€121,500
- Debts after one year -€53,495
down €53,495 (-21.2%), from €252,290 to €198,795
- Trade debts -€17,447
down €17,447 (-56.8%), from €30,730 to €13,282
- Tax, wage and social debts +€8,736
up €8,736 (+229.2%), from €3,812 to €12,548
of which Remuneration and social security: +€12,499
- Gross operating margin +€111,161
up €111,161 (+32.0%), from €347,883 to €459,044
- Staff costs +€61,891
up €61,891 (+33.3%), from €185,661 to €247,553
- Taxes +€7,629
up €7,629 (+26.8%), from €28,490 to €36,118
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 | €738,324 | €775,433 | +€37,109 | +5.0% |
| Fixed assets | 21/28 | €370,469 | €312,671 | -€57,798 | -15.6% |
| Tangible fixed assets | 22/27 | €370,419 | €312,621 | -€57,798 | -15.6% |
| Land and buildings | 22 | €252,948 | €244,096 | -€8,852 | -3.5% |
| Plant, machinery and equipment | 23 | €9,654 | €8,147 | -€1,508 | -15.6% |
| Furniture and vehicles | 24 | €107,816 | €60,378 | -€47,438 | -44.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €367,855 | €462,761 | +€94,907 | +25.8% |
| Amounts receivable after more than one year | 29 | €10,000 | €35,000 | +€25,000 | +250.0% |
| Other amounts receivable | 291 | €10,000 | €35,000 | +€25,000 | +250.0% |
| Amounts receivable within one year | 40/41 | €58,801 | €57,221 | -€1,580 | -2.7% |
| Trade receivables | 40 | €52,801 | €57,221 | +€4,420 | +8.4% |
| Other amounts receivable | 41 | €6,000 | - | -€6,000 | |
| Cash at bank and in hand | 54/58 | €299,054 | €370,269 | +€71,216 | +23.8% |
| Deferred charges and accrued income | 490/1 | - | €271 | +€271 | |
| Total equity and liabilities | 10/49 | €738,324 | €775,433 | +€37,109 | +5.0% |
| Equity | 10/15 | €394,405 | €273,205 | -€121,200 | -30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €376,105 | €254,605 | -€121,500 | -32.3% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €357,355 | €235,855 | -€121,500 | -34.0% |
| Profit (loss) carried forward | 14 | €12,100 | €12,400 | +€300 | +2.5% |
| Amounts payable | 17/49 | €343,919 | €502,228 | +€158,309 | +46.0% |
| Amounts payable after more than one year | 17 | €252,290 | €198,795 | -€53,495 | -21.2% |
| Financial debts | 170/4 | €252,290 | €198,795 | -€53,495 | -21.2% |
| Amounts payable within one year | 42/48 | €91,629 | €303,433 | +€211,804 | +231.2% |
| Current portion of amounts payable after more than one year | 42 | €56,079 | €53,495 | -€2,584 | -4.6% |
| Trade debts | 44 | €30,730 | €13,282 | -€17,447 | -56.8% |
| Suppliers | 440/4 | €30,730 | €13,282 | -€17,447 | -56.8% |
| Taxes, remuneration and social security | 45 | €3,812 | €12,548 | +€8,736 | +229.2% |
| Taxes | 450/3 | €3,812 | €49 | -€3,763 | -98.7% |
| Remuneration and social security | 454/9 | - | €12,499 | +€12,499 | |
| Other amounts payable | 47/48 | €1,008 | €224,107 | +€223,099 | +22134.2% |
| Remuneration, social security and pensions | 62 | €185,661 | €247,553 | +€61,891 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,523 | €63,010 | -€2,514 | -3.8% |
| Other operating charges | 640/8 | €4,661 | €4,083 | -€578 | -12.4% |
| Non-recurring operating charges | 66A | €527 | €3,370 | +€2,843 | +539.6% |
| Gross operating margin | 9900 | €347,883 | €459,044 | +€111,161 | +32.0% |
| Operating profit (loss) | 9901 | €91,510 | €141,028 | +€49,518 | +54.1% |
| Financial income | 75/76B | €1,793 | €2,862 | +€1,069 | +59.6% |
| Recurring financial income | 75 | €1,793 | €2,862 | +€1,069 | +59.6% |
| Financial charges | 65/66B | €5,154 | €4,472 | -€682 | -13.2% |
| Recurring financial charges | 65 | €5,154 | €4,472 | -€682 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €88,149 | €139,418 | +€51,269 | +58.2% |
| Income taxes | 67/77 | €28,490 | €36,118 | +€7,629 | +26.8% |
| Profit (loss) for the period | 9904 | €59,659 | €103,300 | +€43,641 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,659 | €103,300 | +€43,641 | +73.2% |
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 1 October 2026 via checked.be.