SUBLO: 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.
SUBLO
Largest movements
- Receivables within one year +€24,227
up €24,227 (+11.6%), from €208,279 to €232,506
of which Trade receivables: +€30,938
- Cash +€11,224
up €11,224 (+117.9%), from €9,518 to €20,742
mainly Net result for the year (+€35,248) and Depreciation (+€9,527)
- Tangible fixed assets -€9,527
down €9,527 (-37.8%), from €25,203 to €15,676
of which Furniture and vehicles: -€8,650
- Profit (loss) carried forward +€35,248
up €35,248 (+24.5%), from €143,800 to €179,048
- Debts after one year -€14,486
down €14,486 (-57.9%), from €25,014 to €10,528
- Other debts -€6,443
down €6,443 (-22.1%), from €29,183 to €22,740
- Tax, wage and social debts +€6,000
up €6,000 (+89.5%), from €6,706 to €12,706
- Trade debts +€4,905
up €4,905 (+22.3%), from €22,026 to €26,931
- Turnover +€110,123
up €110,123 (+48.4%), from €227,430 to €337,553
- Purchases and services +€69,842
up €69,842 (+34.2%), from €204,017 to €273,859
- Gross operating margin +€40,281
up €40,281 (+172.0%), from €23,413 to €63,694
- Taxes +€6,709
up €6,709 (+248.0%), from €2,706 to €9,414
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 | €247,190 | €272,414 | +€25,224 | +10.2% |
| Fixed assets | 21/28 | €26,893 | €17,366 | -€9,527 | -35.4% |
| Tangible fixed assets | 22/27 | €25,203 | €15,676 | -€9,527 | -37.8% |
| Plant, machinery and equipment | 23 | €2,838 | €1,961 | -€876 | -30.9% |
| Furniture and vehicles | 24 | €22,365 | €13,715 | -€8,650 | -38.7% |
| Financial fixed assets | 28 | €1,691 | €1,691 | = | 0.0% |
| Current assets | 29/58 | €220,297 | €255,048 | +€34,751 | +15.8% |
| Stocks and contracts in progress | 3 | €2,500 | €1,800 | -€700 | -28.0% |
| Stocks | 30/36 | €2,500 | €1,800 | -€700 | -28.0% |
| Amounts receivable within one year | 40/41 | €208,279 | €232,506 | +€24,227 | +11.6% |
| Trade receivables | 40 | €28,103 | €59,041 | +€30,938 | +110.1% |
| Other amounts receivable | 41 | €180,176 | €173,465 | -€6,711 | -3.7% |
| Cash at bank and in hand | 54/58 | €9,518 | €20,742 | +€11,224 | +117.9% |
| Total equity and liabilities | 10/49 | €247,190 | €272,414 | +€25,224 | +10.2% |
| Equity | 10/15 | €164,262 | €199,510 | +€35,248 | +21.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,870 | €1,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €11 | €11 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,800 | €179,048 | +€35,248 | +24.5% |
| Amounts payable | 17/49 | €82,928 | €72,904 | -€10,024 | -12.1% |
| Amounts payable after more than one year | 17 | €25,014 | €10,528 | -€14,486 | -57.9% |
| Financial debts | 170/4 | €25,014 | €10,528 | -€14,486 | -57.9% |
| Amounts payable within one year | 42/48 | €57,914 | €62,376 | +€4,462 | +7.7% |
| Trade debts | 44 | €22,026 | €26,931 | +€4,905 | +22.3% |
| Suppliers | 440/4 | €22,026 | €26,931 | +€4,905 | +22.3% |
| Taxes, remuneration and social security | 45 | €6,706 | €12,706 | +€6,000 | +89.5% |
| Taxes | 450/3 | €6,706 | €12,706 | +€6,000 | +89.5% |
| Other amounts payable | 47/48 | €29,183 | €22,740 | -€6,443 | -22.1% |
| Turnover | 70 | €227,430 | €337,553 | +€110,123 | +48.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €204,017 | €273,859 | +€69,842 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,075 | €9,527 | -€548 | -5.4% |
| Other operating charges | 640/8 | €1,719 | €1,133 | -€587 | -34.1% |
| Non-recurring operating charges | 66A | - | €6,560 | +€6,560 | |
| Gross operating margin | 9900 | €23,413 | €63,694 | +€40,281 | +172.0% |
| Operating profit (loss) | 9901 | €11,619 | €46,474 | +€34,855 | +300.0% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €69 | €1,854 | +€1,785 | +2587.7% |
| Recurring financial charges | 65 | €69 | €1,854 | +€1,785 | +2587.7% |
| Profit (loss) for the period before taxes | 9903 | €11,550 | €44,662 | +€33,112 | +286.7% |
| Income taxes | 67/77 | €2,706 | €9,414 | +€6,709 | +248.0% |
| Profit (loss) for the period | 9904 | €8,845 | €35,248 | +€26,403 | +298.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,845 | €35,248 | +€26,403 | +298.5% |
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 3 October 2026 via checked.be.