Submarine Productions: 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 Productions
Largest movements
- Deferred charges and accrued income +€963,706
up €963,706 (+731%), from €131,911 to €1.1m
- Receivables within one year +€215,036
up €215,036 (+495%), from €43,428 to €258,463
- Cash -€110,053
down €110,053 (-65.5%), from €168,006 to €57,953
mainly Deferred charges and accrued income (-€963,706) and Receivables within one year (-€215,036)
- Financial fixed assets +€15,276
up €15,276 (+108%), from €14,124 to €29,400
- Trade debts +€681,922
up €681,922 (+453%), from €150,381 to €832,303
- Other debts +€372,610
up €372,610 (+5,659%), from €6,585 to €379,195
- Profit (loss) carried forward +€105,555
up €105,555 (+169%), from €62,624 to €168,179
- Accrued charges and deferred income -€73,729
no longer reported in 2025 (was €73,729)
- Gross operating margin +€163,554
up €163,554 (+104%), from €156,801 to €320,355
- Staff costs +€99,224
up €99,224 (+161%), from €61,716 to €160,939
- Taxes +€19,388
up €19,388 (+97.2%), from €19,949 to €39,337
- Depreciation +€6,936
up €6,936 (+141%), from €4,910 to €11,845
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 | €389,796 | €1,469,261 | +€1.1m | +277% |
| Fixed assets | 21/28 | €46,451 | €57,227 | +€10,776 | +23.2% |
| Tangible fixed assets | 22/27 | €32,327 | €27,828 | -€4,499 | -13.9% |
| Furniture and vehicles | 24 | €30,244 | €25,968 | -€4,276 | -14.1% |
| Other tangible fixed assets | 26 | €2,083 | €1,860 | -€223 | -10.7% |
| Financial fixed assets | 28 | €14,124 | €29,400 | +€15,276 | +108% |
| Current assets | 29/58 | €343,345 | €1,412,033 | +€1.1m | +311% |
| Amounts receivable within one year | 40/41 | €43,428 | €258,463 | +€215,036 | +495% |
| Other amounts receivable | 41 | €43,428 | €258,463 | +€215,036 | +495% |
| Cash at bank and in hand | 54/58 | €168,006 | €57,953 | -€110,053 | -65.5% |
| Deferred charges and accrued income | 490/1 | €131,911 | €1,095,617 | +€963,706 | +731% |
| Total equity and liabilities | 10/49 | €389,796 | €1,469,261 | +€1.1m | +277% |
| Equity | 10/15 | €112,624 | €218,179 | +€105,555 | +93.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,624 | €168,179 | +€105,555 | +169% |
| Amounts payable | 17/49 | €277,173 | €1,251,082 | +€973,909 | +351% |
| Amounts payable within one year | 42/48 | €203,444 | €1,251,082 | +€1.0m | +515% |
| Trade debts | 44 | €150,381 | €832,303 | +€681,922 | +453% |
| Suppliers | 440/4 | €150,381 | €832,303 | +€681,922 | +453% |
| Taxes, remuneration and social security | 45 | €46,478 | €39,584 | -€6,894 | -14.8% |
| Taxes | 450/3 | - | €39,337 | +€39,337 | |
| Remuneration and social security | 454/9 | €46,478 | €247 | -€46,232 | -99.5% |
| Other amounts payable | 47/48 | €6,585 | €379,195 | +€372,610 | +5,659% |
| Accrued charges and deferred income | 492/3 | €73,729 | - | -€73,729 | |
| Remuneration, social security and pensions | 62 | €61,716 | €160,939 | +€99,224 | +161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,910 | €11,845 | +€6,936 | +141% |
| Other operating charges | 640/8 | €137 | €1,270 | +€1,134 | +830% |
| Gross operating margin | 9900 | €156,801 | €320,355 | +€163,554 | +104% |
| Operating profit (loss) | 9901 | €90,039 | €146,300 | +€56,261 | +62.5% |
| Financial income | 75/76B | €1,287 | €152 | -€1,135 | -88.2% |
| Recurring financial income | 75 | €1,287 | €152 | -€1,135 | -88.2% |
| Financial charges | 65/66B | €502 | €1,560 | +€1,058 | +211% |
| Recurring financial charges | 65 | €502 | €1,560 | +€1,058 | +211% |
| Profit (loss) for the period before taxes | 9903 | €90,824 | €144,892 | +€54,068 | +59.5% |
| Income taxes | 67/77 | €19,949 | €39,337 | +€19,388 | +97.2% |
| Profit (loss) for the period | 9904 | €70,875 | €105,555 | +€34,680 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,875 | €105,555 | +€34,680 | +48.9% |
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 25 October 2026 via checked.be.