SUBLIM'S: what changed
Two financial 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.
SUBLIM'S
Largest movements
- Cash +€19,348
up €19,348 (+16.4%), from €117,631 to €136,979
mainly Net result for the year (+€25,690) and Depreciation (+€12,105)
- Current investments +€12,000
up €12,000 (+24.5%), from €49,000 to €61,000
- Tangible fixed assets -€7,751
down €7,751 (-20.1%), from €38,589 to €30,838
of which Leasing and similar rights: -€10,608
- Stocks and contracts +€7,676
up €7,676 (+13.7%), from €56,091 to €63,767
- Reserves +€24,890
up €24,890 (+14.4%), from €173,313 to €198,204
- Debts after one year -€11,883
down €11,883 (-37.1%), from €31,988 to €20,105
- Tax, wage and social debts +€11,835
up €11,835 (+62.1%), from €19,047 to €30,882
of which Taxes: +€6,947
- Trade debts +€8,963
up €8,963 (+172.6%), from €5,193 to €14,156
- Write-downs -€2,513
down €2,513 (-1546.8%), from -€162 to -€2,676
- Taxes +€945
up €945 (+10.4%), from €9,125 to €10,070
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 | €267,963 | €301,311 | +€33,348 | +12.4% |
| Fixed assets | 21/28 | €40,688 | €32,946 | -€7,742 | -19.0% |
| Tangible fixed assets | 22/27 | €38,589 | €30,838 | -€7,751 | -20.1% |
| Plant, machinery and equipment | 23 | €341 | €969 | +€628 | +184.4% |
| Furniture and vehicles | 24 | €843 | €999 | +€156 | +18.5% |
| Leasing and similar rights | 25 | €36,095 | €25,487 | -€10,608 | -29.4% |
| Other tangible fixed assets | 26 | €1,310 | €3,383 | +€2,072 | +158.1% |
| Financial fixed assets | 28 | €2,099 | €2,108 | +€9 | +0.4% |
| Current assets | 29/58 | €227,275 | €268,365 | +€41,090 | +18.1% |
| Stocks and contracts in progress | 3 | €56,091 | €63,767 | +€7,676 | +13.7% |
| Stocks | 30/36 | €56,091 | €63,767 | +€7,676 | +13.7% |
| Amounts receivable within one year | 40/41 | €1,111 | €3,129 | +€2,018 | +181.6% |
| Trade receivables | 40 | €1,111 | €3,129 | +€2,018 | +181.6% |
| Current investments | 50/53 | €49,000 | €61,000 | +€12,000 | +24.5% |
| Cash at bank and in hand | 54/58 | €117,631 | €136,979 | +€19,348 | +16.4% |
| Deferred charges and accrued income | 490/1 | €3,442 | €3,490 | +€48 | +1.4% |
| Total equity and liabilities | 10/49 | €267,963 | €301,311 | +€33,348 | +12.4% |
| Equity | 10/15 | €193,563 | €218,454 | +€24,890 | +12.9% |
| Contributions | 10/11 | €20,250 | €20,250 | = | 0.0% |
| Reserves | 13 | €173,313 | €198,204 | +€24,890 | +14.4% |
| Distributable reserves | 133 | €173,313 | €198,204 | +€24,890 | +14.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €74,399 | €82,857 | +€8,458 | +11.4% |
| Amounts payable after more than one year | 17 | €31,988 | €20,105 | -€11,883 | -37.1% |
| Financial debts | 170/4 | €31,988 | €20,105 | -€11,883 | -37.1% |
| Amounts payable within one year | 42/48 | €42,411 | €62,752 | +€20,341 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €11,379 | €11,883 | +€504 | +4.4% |
| Trade debts | 44 | €5,193 | €14,156 | +€8,963 | +172.6% |
| Suppliers | 440/4 | €5,193 | €14,156 | +€8,963 | +172.6% |
| Taxes, remuneration and social security | 45 | €19,047 | €30,882 | +€11,835 | +62.1% |
| Taxes | 450/3 | €15,733 | €22,679 | +€6,947 | +44.2% |
| Remuneration and social security | 454/9 | €3,314 | €8,202 | +€4,888 | +147.5% |
| Other amounts payable | 47/48 | €6,792 | €5,832 | -€961 | -14.1% |
| Remuneration, social security and pensions | 62 | €17,533 | €16,844 | -€690 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,623 | €12,105 | -€518 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€162 | -€2,676 | -€2,513 | -1546.8% |
| Other operating charges | 640/8 | €3,057 | €3,273 | +€215 | +7.0% |
| Gross operating margin | 9900 | €68,919 | €69,164 | +€245 | +0.4% |
| Operating profit (loss) | 9901 | €35,868 | €39,619 | +€3,751 | +10.5% |
| Financial income | 75/76B | €333 | €380 | +€47 | +14.1% |
| Recurring financial income | 75 | €333 | €380 | +€47 | +14.1% |
| Financial charges | 65/66B | €3,718 | €4,238 | +€520 | +14.0% |
| Recurring financial charges | 65 | €3,718 | €3,408 | -€311 | -8.4% |
| Non-recurring financial charges | 66B | - | €831 | +€831 | |
| Profit (loss) for the period before taxes | 9903 | €32,483 | €35,760 | +€3,278 | +10.1% |
| Income taxes | 67/77 | €9,125 | €10,070 | +€945 | +10.4% |
| Profit (loss) for the period | 9904 | €23,357 | €25,690 | +€2,333 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,357 | €25,690 | +€2,333 | +10.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.