SUBMARINE 27: 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.
SUBMARINE 27
Largest movements
- Tangible fixed assets -€3,787
down €3,787 (-55.4%), from €6,832 to €3,045
- Receivables within one year +€2,572
up €2,572 (+20.6%), from €12,491 to €15,063
of which Trade receivables: +€2,568
- Other debts +€22,129
up €22,129 (+22.8%), from €97,140 to €119,269
- Tax, wage and social debts -€13,075
down €13,075 (-93.7%), from €13,960 to €885
of which Remuneration and social security: -€13,920
- Profit (loss) carried forward -€7,604
down €7,604 (-5.5%), from -€138,579 to -€146,183
- Debts after one year -€4,195
down €4,195 (-23.4%), from €17,923 to €13,728
- Short-term financial debts +€596
new in 2024: €596
- Staff costs -€19,612
down €19,612 (-90.1%), from €21,779 to €2,167
- Gross operating margin +€15,602
up €15,602 (+93.1%), from -€16,753 to -€1,151
- Other operating charges -€360
no longer reported in 2024 (was €360)
- Financial charges +€182
up €182 (+57.4%), from €317 to €499
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.
Derived cash bridge
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 | €19,745 | €18,458 | -€1,287 | -6.5% |
| Fixed assets | 21/28 | €7,182 | €3,395 | -€3,787 | -52.7% |
| Tangible fixed assets | 22/27 | €6,832 | €3,045 | -€3,787 | -55.4% |
| Furniture and vehicles | 24 | €6,832 | €3,045 | -€3,787 | -55.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €12,563 | €15,063 | +€2,500 | +19.9% |
| Amounts receivable within one year | 40/41 | €12,491 | €15,063 | +€2,572 | +20.6% |
| Trade receivables | 40 | €9,619 | €12,187 | +€2,568 | +26.7% |
| Other amounts receivable | 41 | €2,872 | €2,876 | +€4 | +0.1% |
| Cash at bank and in hand | 54/58 | €72 | - | -€72 | |
| Total equity and liabilities | 10/49 | €19,745 | €18,458 | -€1,287 | -6.5% |
| Equity | 10/15 | -€112,542 | -€120,146 | -€7,604 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,579 | -€146,183 | -€7,604 | -5.5% |
| Amounts payable | 17/49 | €132,287 | €138,604 | +€6,317 | +4.8% |
| Amounts payable after more than one year | 17 | €17,923 | €13,728 | -€4,195 | -23.4% |
| Other amounts payable | 178/9 | €17,923 | €13,728 | -€4,195 | -23.4% |
| Amounts payable within one year | 42/48 | €114,364 | €124,876 | +€10,512 | +9.2% |
| Financial debts | 43 | - | €596 | +€596 | |
| Credit institutions | 430/8 | - | €596 | +€596 | |
| Trade debts | 44 | - | €557 | +€557 | |
| Suppliers | 440/4 | - | €557 | +€557 | |
| Advances received on contracts in progress | 46 | €3,264 | €3,569 | +€305 | +9.3% |
| Taxes, remuneration and social security | 45 | €13,960 | €885 | -€13,075 | -93.7% |
| Taxes | 450/3 | €40 | €885 | +€845 | +2,113% |
| Remuneration and social security | 454/9 | €13,920 | - | -€13,920 | |
| Other amounts payable | 47/48 | €97,140 | €119,269 | +€22,129 | +22.8% |
| Remuneration, social security and pensions | 62 | €21,779 | €2,167 | -€19,612 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,787 | €3,787 | = | 0.0% |
| Other operating charges | 640/8 | €360 | - | -€360 | |
| Gross operating margin | 9900 | -€16,753 | -€1,151 | +€15,602 | +93.1% |
| Operating profit (loss) | 9901 | -€42,679 | -€7,105 | +€35,574 | +83.4% |
| Financial charges | 65/66B | €317 | €499 | +€182 | +57.4% |
| Recurring financial charges | 65 | €317 | €499 | +€182 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | -€42,996 | -€7,604 | +€35,392 | +82.3% |
| Profit (loss) for the period | 9904 | -€42,996 | -€7,604 | +€35,392 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,996 | -€7,604 | +€35,392 | +82.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.