SUBLIMMO: 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.
SUBLIMMO
Largest movements
- Tangible fixed assets -€22,706
down €22,706 (-8.0%), from €285,079 to €262,373
of which Land and buildings: -€22,635
- Cash +€11,109
up €11,109 (+205.9%), from €5,395 to €16,504
mainly Net result for the year (+€25,479) and Depreciation (+€22,706)
- Receivables after one year -€6,843
down €6,843 (-46.1%), from €14,842 to €7,999
- Debts after one year -€16,108
down €16,108 (-15.0%), from €107,241 to €91,132
of which Financial debts: -€16,108
- Tax, wage and social debts +€7,494
up €7,494 (+117.7%), from €6,365 to €13,858
- Reserves -€5,713
down €5,713 (-9.1%), from €62,951 to €57,237
of which Tax-exempt reserves: -€5,713
- Gross operating margin +€12,677
up €12,677 (+22.0%), from €57,598 to €70,275
- Taxes +€6,825
up €6,825 (+121.9%), from €5,599 to €12,424
- Depreciation +€4,748
up €4,748 (+26.4%), from €17,958 to €22,706
- Other operating charges +€2,039
up €2,039 (+36.5%), from €5,590 to €7,629
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,359 | €288,038 | -€18,321 | -6.0% |
| Fixed assets | 21/28 | €285,210 | €262,504 | -€22,706 | -8.0% |
| Tangible fixed assets | 22/27 | €285,079 | €262,373 | -€22,706 | -8.0% |
| Land and buildings | 22 | €285,007 | €262,373 | -€22,635 | -7.9% |
| Furniture and vehicles | 24 | €71 | - | -€71 | |
| Financial fixed assets | 28 | €131 | €131 | = | 0.0% |
| Current assets | 29/58 | €21,149 | €25,534 | +€4,385 | +20.7% |
| Amounts receivable after more than one year | 29 | €14,842 | €7,999 | -€6,843 | -46.1% |
| Trade receivables | 290 | €14,842 | €7,999 | -€6,843 | -46.1% |
| Cash at bank and in hand | 54/58 | €5,395 | €16,504 | +€11,109 | +205.9% |
| Deferred charges and accrued income | 490/1 | €912 | €1,031 | +€119 | +13.0% |
| Total equity and liabilities | 10/49 | €306,359 | €288,038 | -€18,321 | -6.0% |
| Equity | 10/15 | €148,831 | €142,862 | -€5,969 | -4.0% |
| Reserves | 13 | €62,951 | €57,237 | -€5,713 | -9.1% |
| Tax-exempt reserves | 132 | €47,951 | €42,237 | -€5,713 | -11.9% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,880 | €85,625 | -€255 | -0.3% |
| Provisions and deferred taxes | 16 | €15,984 | €14,079 | -€1,904 | -11.9% |
| Deferred taxes | 168 | €15,984 | €14,079 | -€1,904 | -11.9% |
| Amounts payable | 17/49 | €141,545 | €131,097 | -€10,448 | -7.4% |
| Amounts payable after more than one year | 17 | €107,241 | €91,132 | -€16,108 | -15.0% |
| Financial debts | 170/4 | €103,716 | €87,607 | -€16,108 | -15.5% |
| Other amounts payable | 178/9 | €3,525 | €3,525 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,304 | €39,965 | +€5,661 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €18,189 | €18,897 | +€707 | +3.9% |
| Trade debts | 44 | €9,750 | €7,210 | -€2,540 | -26.1% |
| Suppliers | 440/4 | €9,750 | €7,210 | -€2,540 | -26.1% |
| Taxes, remuneration and social security | 45 | €6,365 | €13,858 | +€7,494 | +117.7% |
| Taxes | 450/3 | €6,365 | €13,858 | +€7,494 | +117.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,958 | €22,706 | +€4,748 | +26.4% |
| Other operating charges | 640/8 | €5,590 | €7,629 | +€2,039 | +36.5% |
| Gross operating margin | 9900 | €57,598 | €70,275 | +€12,677 | +22.0% |
| Operating profit (loss) | 9901 | €34,049 | €39,940 | +€5,891 | +17.3% |
| Financial income | 75/76B | €239 | €132 | -€107 | -44.7% |
| Recurring financial income | 75 | €239 | €132 | -€107 | -44.7% |
| Financial charges | 65/66B | €3,381 | €4,074 | +€694 | +20.5% |
| Recurring financial charges | 65 | €3,381 | €4,074 | +€694 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €30,908 | €35,998 | +€5,090 | +16.5% |
| Transfer from deferred taxes | 780 | €2,319 | €1,904 | -€415 | -17.9% |
| Income taxes | 67/77 | €5,599 | €12,424 | +€6,825 | +121.9% |
| Profit (loss) for the period | 9904 | €27,628 | €25,479 | -€2,150 | -7.8% |
| Transfer from tax-exempt reserves | 789 | €6,957 | €5,713 | -€1,244 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,585 | €31,192 | -€3,393 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.