SUBLIMIX: 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.
SUBLIMIX
Largest movements
- Receivables within one year +€100,773
up €100,773 (+55.3%), from €182,292 to €283,064
of which Trade receivables: +€79,649
- Stocks and contracts -€81,856
down €81,856 (-28.2%), from €290,243 to €208,386
- Tangible fixed assets +€12,984
up €12,984 (+3.7%), from €353,474 to €366,458
of which Plant, machinery and equipment: +€22,603
- Current portion of long-term debt +€87,942
up €87,942 (+346.6%), from €25,371 to €113,313
- Reserves -€56,340
down €56,340 (-7.3%), from €767,086 to €710,746
- Debts after one year +€20,441
up €20,441 (+33.5%), from €61,102 to €81,542
- Trade debts -€15,952
down €15,952 (-27.0%), from €59,135 to €43,182
- Tax, wage and social debts -€15,707
down €15,707 (-28.9%), from €54,372 to €38,664
of which Taxes: -€14,082
- Gross operating margin -€106,882
down €106,882 (-18.8%), from €568,490 to €461,608
- Taxes -€72,182
down €72,182 (-59.0%), from €122,265 to €50,083
- Provisions -€19,646
down €19,646, from €18,047 to -€1,599
- Depreciation +€13,435
up €13,435 (+26.3%), from €51,119 to €64,554
- Staff costs +€9,845
up €9,845 (+6.3%), from €155,644 to €165,489
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 | €1,017,390 | €1,038,337 | +€20,946 | +2.1% |
| Fixed assets | 21/28 | €358,352 | €368,051 | +€9,699 | +2.7% |
| Intangible fixed assets | 21 | €4,878 | €1,593 | -€3,285 | -67.3% |
| Tangible fixed assets | 22/27 | €353,474 | €366,458 | +€12,984 | +3.7% |
| Land and buildings | 22 | €209,670 | €193,284 | -€16,386 | -7.8% |
| Plant, machinery and equipment | 23 | €39,649 | €62,252 | +€22,603 | +57.0% |
| Furniture and vehicles | 24 | €104,154 | €110,922 | +€6,767 | +6.5% |
| Current assets | 29/58 | €659,039 | €670,286 | +€11,247 | +1.7% |
| Stocks and contracts in progress | 3 | €290,243 | €208,386 | -€81,856 | -28.2% |
| Stocks | 30/36 | €290,243 | €208,386 | -€81,856 | -28.2% |
| Amounts receivable within one year | 40/41 | €182,292 | €283,064 | +€100,773 | +55.3% |
| Trade receivables | 40 | €136,309 | €215,958 | +€79,649 | +58.4% |
| Other amounts receivable | 41 | €45,982 | €67,106 | +€21,124 | +45.9% |
| Cash at bank and in hand | 54/58 | €186,504 | €178,835 | -€7,669 | -4.1% |
| Total equity and liabilities | 10/49 | €1,017,390 | €1,038,337 | +€20,946 | +2.1% |
| Equity | 10/15 | €799,696 | €743,356 | -€56,340 | -7.0% |
| Contributions | 10/11 | €32,610 | €32,610 | = | 0.0% |
| Outside capital | 11 | €32,610 | €32,610 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €14,010 | €14,010 | = | 0.0% |
| Reserves | 13 | €767,086 | €710,746 | -€56,340 | -7.3% |
| Distributable reserves | 133 | €767,086 | €710,746 | -€56,340 | -7.3% |
| Amounts payable | 17/49 | €217,694 | €294,980 | +€77,286 | +35.5% |
| Amounts payable after more than one year | 17 | €61,102 | €81,542 | +€20,441 | +33.5% |
| Financial debts | 170/4 | €61,102 | €81,542 | +€20,441 | +33.5% |
| Amounts payable within one year | 42/48 | €156,593 | €213,438 | +€56,845 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €25,371 | €113,313 | +€87,942 | +346.6% |
| Trade debts | 44 | €59,135 | €43,182 | -€15,952 | -27.0% |
| Suppliers | 440/4 | €59,135 | €43,182 | -€15,952 | -27.0% |
| Advances received on contracts in progress | 46 | - | €563 | +€563 | |
| Taxes, remuneration and social security | 45 | €54,372 | €38,664 | -€15,707 | -28.9% |
| Taxes | 450/3 | €36,299 | €22,216 | -€14,082 | -38.8% |
| Remuneration and social security | 454/9 | €18,073 | €16,448 | -€1,625 | -9.0% |
| Other amounts payable | 47/48 | €17,715 | €17,715 | = | 0.0% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €155,644 | €165,489 | +€9,845 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,119 | €64,554 | +€13,435 | +26.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,047 | -€1,599 | -€19,646 | |
| Other operating charges | 640/8 | €4,709 | €4,868 | +€159 | +3.4% |
| Non-recurring operating charges | 66A | - | €8,791 | +€8,791 | |
| Gross operating margin | 9900 | €568,490 | €461,608 | -€106,882 | -18.8% |
| Operating profit (loss) | 9901 | €338,971 | €219,505 | -€119,466 | -35.2% |
| Financial income | 75/76B | €13,541 | €14,095 | +€553 | +4.1% |
| Recurring financial income | 75 | €13,541 | €14,095 | +€553 | +4.1% |
| Financial charges | 65/66B | €10,263 | €19,849 | +€9,586 | +93.4% |
| Recurring financial charges | 65 | €10,263 | €19,849 | +€9,586 | +93.4% |
| Profit (loss) for the period before taxes | 9903 | €342,250 | €213,752 | -€128,498 | -37.5% |
| Income taxes | 67/77 | €122,265 | €50,083 | -€72,182 | -59.0% |
| Profit (loss) for the period | 9904 | €219,985 | €163,669 | -€56,316 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €219,985 | €163,669 | -€56,316 | -25.6% |
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 4 October 2026 via checked.be.