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
- Cash +€48,261
up €48,261 (+35.4%), from €136,369 to €184,630
mainly Other debts (+€147,453) and Depreciation (+€6,888)
- Tangible fixed assets -€6,888
down €6,888 (-20.9%), from €32,910 to €26,023
of which Furniture and vehicles: -€6,273
- Receivables within one year +€5,057
up €5,057 (+9.6%), from €52,624 to €57,681
of which Trade receivables: +€28,104
- Other debts +€147,453
up €147,453 (+57.9%), from €254,554 to €402,006
- Profit (loss) carried forward -€74,015
new in 2025: -€74,015
- Reserves -€33,140
no longer reported in 2025 (was €33,140)
- Trade debts +€6,882
up €6,882 (+45.0%), from €15,299 to €22,181
- Gross operating margin -€121,596
down €121,596 (-86.1%), from €141,284 to €19,687
- Staff costs -€57,799
down €57,799 (-41.3%), from €139,898 to €82,099
- Other operating charges +€23,068
up €23,068 (+1378.0%), from €1,674 to €24,742
- Depreciation +€3,347
up €3,347 (+94.5%), from €3,541 to €6,888
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 | €340,648 | €384,161 | +€43,513 | +12.8% |
| Fixed assets | 21/28 | €33,810 | €26,923 | -€6,888 | -20.4% |
| Tangible fixed assets | 22/27 | €32,910 | €26,023 | -€6,888 | -20.9% |
| Land and buildings | 22 | €5,255 | €4,640 | -€615 | -11.7% |
| Furniture and vehicles | 24 | €27,655 | €21,382 | -€6,273 | -22.7% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €306,838 | €357,238 | +€50,400 | +16.4% |
| Amounts receivable within one year | 40/41 | €52,624 | €57,681 | +€5,057 | +9.6% |
| Trade receivables | 40 | €27,317 | €55,421 | +€28,104 | +102.9% |
| Other amounts receivable | 41 | €25,307 | €2,260 | -€23,047 | -91.1% |
| Cash at bank and in hand | 54/58 | €136,369 | €184,630 | +€48,261 | +35.4% |
| Deferred charges and accrued income | 490/1 | €117,845 | €114,927 | -€2,918 | -2.5% |
| Total equity and liabilities | 10/49 | €340,648 | €384,161 | +€43,513 | +12.8% |
| Equity | 10/15 | €51,740 | -€55,415 | -€107,154 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,140 | - | -€33,140 | |
| Distributable reserves | 133 | €33,140 | - | -€33,140 | |
| Profit (loss) carried forward | 14 | - | -€74,015 | -€74,015 | |
| Amounts payable | 17/49 | €288,909 | €439,575 | +€150,667 | +52.2% |
| Amounts payable within one year | 42/48 | €285,219 | €436,669 | +€151,450 | +53.1% |
| Trade debts | 44 | €15,299 | €22,181 | +€6,882 | +45.0% |
| Suppliers | 440/4 | €15,299 | €22,181 | +€6,882 | +45.0% |
| Advances received on contracts in progress | 46 | €847 | €212 | -€635 | -75.0% |
| Taxes, remuneration and social security | 45 | €14,520 | €12,270 | -€2,250 | -15.5% |
| Taxes | 450/3 | €338 | €2,693 | +€2,354 | +695.8% |
| Remuneration and social security | 454/9 | €14,181 | €9,578 | -€4,604 | -32.5% |
| Other amounts payable | 47/48 | €254,554 | €402,006 | +€147,453 | +57.9% |
| Accrued charges and deferred income | 492/3 | €3,690 | €2,906 | -€783 | -21.2% |
| Remuneration, social security and pensions | 62 | €139,898 | €82,099 | -€57,799 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €6,888 | +€3,347 | +94.5% |
| Other operating charges | 640/8 | €1,674 | €24,742 | +€23,068 | +1378.0% |
| Gross operating margin | 9900 | €141,284 | €19,687 | -€121,596 | -86.1% |
| Operating profit (loss) | 9901 | -€3,829 | -€94,041 | -€90,212 | -2355.9% |
| Financial income | 75/76B | €1,703 | €1,745 | +€41 | +2.4% |
| Recurring financial income | 75 | €1,703 | €1,745 | +€41 | +2.4% |
| Financial charges | 65/66B | €13,890 | €14,858 | +€968 | +7.0% |
| Recurring financial charges | 65 | €13,890 | €14,858 | +€968 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,016 | -€107,154 | -€91,138 | -569.0% |
| Income taxes | 67/77 | €582 | - | -€582 | |
| Profit (loss) for the period | 9904 | -€16,598 | -€107,154 | -€90,556 | -545.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,598 | -€107,154 | -€90,556 | -545.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.