SUBLOGIC: 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.
SUBLOGIC
Largest movements
- Cash +€41,826
up €41,826 (+22.6%), from €184,987 to €226,813
mainly Other debts (+€43,753) and Net result for the year (+€32,834)
- Receivables within one year -€4,663
down €4,663 (-25.8%), from €18,060 to €13,397
of which Other amounts receivable: -€6,850
- Tangible fixed assets +€3,220
up €3,220 (+108%), from €2,984 to €6,204
of which Furniture and vehicles: +€4,209
- Other debts +€43,753
up €43,753 (+149%), from €29,384 to €73,137
- Reserves -€10,313
down €10,313 (-6.4%), from €160,546 to €150,233
- Trade debts +€4,201
up €4,201 (+8,678%), from €48 to €4,250
- Tax, wage and social debts +€2,812
up €2,812 (+23.7%), from €11,877 to €14,689
- Gross operating margin +€1,797
up €1,797 (+3.6%), from €49,248 to €51,044
- Taxes +€749
up €749 (+5.8%), from €12,937 to €13,686
- Financial charges -€541
down €541 (-15.5%), from €3,482 to €2,941
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.
Derived cash bridge
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 | €208,056 | €248,509 | +€40,453 | +19.4% |
| Fixed assets | 21/28 | €2,984 | €6,204 | +€3,220 | +108% |
| Tangible fixed assets | 22/27 | €2,984 | €6,204 | +€3,220 | +108% |
| Furniture and vehicles | 24 | €29 | €4,238 | +€4,209 | +14,728% |
| Other tangible fixed assets | 26 | €2,955 | €1,966 | -€989 | -33.5% |
| Current assets | 29/58 | €205,072 | €242,305 | +€37,233 | +18.2% |
| Amounts receivable within one year | 40/41 | €18,060 | €13,397 | -€4,663 | -25.8% |
| Trade receivables | 40 | €11,211 | €13,397 | +€2,186 | +19.5% |
| Other amounts receivable | 41 | €6,850 | - | -€6,850 | |
| Cash at bank and in hand | 54/58 | €184,987 | €226,813 | +€41,826 | +22.6% |
| Deferred charges and accrued income | 490/1 | €2,025 | €2,096 | +€71 | +3.5% |
| Total equity and liabilities | 10/49 | €208,056 | €248,509 | +€40,453 | +19.4% |
| Equity | 10/15 | €166,746 | €156,433 | -€10,313 | -6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,546 | €150,233 | -€10,313 | -6.4% |
| Distributable reserves | 133 | €160,546 | €150,233 | -€10,313 | -6.4% |
| Amounts payable | 17/49 | €41,310 | €92,076 | +€50,766 | +123% |
| Amounts payable within one year | 42/48 | €41,310 | €92,076 | +€50,766 | +123% |
| Trade debts | 44 | €48 | €4,250 | +€4,201 | +8,678% |
| Suppliers | 440/4 | €48 | €4,250 | +€4,201 | +8,678% |
| Taxes, remuneration and social security | 45 | €11,877 | €14,689 | +€2,812 | +23.7% |
| Taxes | 450/3 | €11,877 | €14,689 | +€2,812 | +23.7% |
| Other amounts payable | 47/48 | €29,384 | €73,137 | +€43,753 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €1,029 | -€230 | -18.2% |
| Other operating charges | 640/8 | €536 | €553 | +€17 | +3.2% |
| Gross operating margin | 9900 | €49,248 | €51,044 | +€1,797 | +3.6% |
| Operating profit (loss) | 9901 | €47,453 | €49,462 | +€2,009 | +4.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,482 | €2,941 | -€541 | -15.5% |
| Recurring financial charges | 65 | €3,482 | €2,941 | -€541 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €43,971 | €46,521 | +€2,550 | +5.8% |
| Income taxes | 67/77 | €12,937 | €13,686 | +€749 | +5.8% |
| Profit (loss) for the period | 9904 | €31,034 | €32,834 | +€1,800 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,034 | €32,834 | +€1,800 | +5.8% |
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 14 October 2026 via checked.be.