Subsea Consulting: 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.
Subsea Consulting
Largest movements
- Receivables within one year -€46,221
down €46,221 (-76.9%), from €60,126 to €13,904
of which Other amounts receivable: -€26,924
- Deferred charges and accrued income +€15,685
up €15,685 (+901%), from €1,741 to €17,426
- Cash -€10,669
down €10,669 (-26.4%), from €40,424 to €29,755
mainly Contributions, distributions and other (-€60,000) and Tax, wage and social debts (-€22,648)
- Tangible fixed assets -€5,784
down €5,784 (-25.9%), from €22,351 to €16,567
of which Plant, machinery and equipment: -€3,957
- Profit (loss) carried forward -€30,581
down €30,581 (-40.1%), from €76,213 to €45,631
- Tax, wage and social debts -€22,648
down €22,648 (-76.3%), from €29,676 to €7,029
- Trade debts +€11,813
new in 2025: €11,813
- Accrued charges and deferred income -€10,752
down €10,752 (-78.7%), from €13,654 to €2,903
- Short-term financial debts +€5,277
new in 2025: €5,277
- Gross operating margin +€22,189
up €22,189 (+88.3%), from €25,134 to €47,323
- Taxes +€5,094
up €5,094 (+102%), from €5,000 to €10,094
- Financial charges -€1,125
down €1,125 (-42.7%), from €2,636 to €1,511
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 | €124,642 | €77,653 | -€46,989 | -37.7% |
| Fixed assets | 21/28 | €22,351 | €16,567 | -€5,784 | -25.9% |
| Tangible fixed assets | 22/27 | €22,351 | €16,567 | -€5,784 | -25.9% |
| Plant, machinery and equipment | 23 | €10,636 | €6,679 | -€3,957 | -37.2% |
| Furniture and vehicles | 24 | €1,135 | €603 | -€533 | -46.9% |
| Other tangible fixed assets | 26 | €10,580 | €9,286 | -€1,294 | -12.2% |
| Current assets | 29/58 | €102,291 | €61,086 | -€41,205 | -40.3% |
| Amounts receivable within one year | 40/41 | €60,126 | €13,904 | -€46,221 | -76.9% |
| Trade receivables | 40 | €19,297 | - | -€19,297 | |
| Other amounts receivable | 41 | €40,829 | €13,904 | -€26,924 | -65.9% |
| Cash at bank and in hand | 54/58 | €40,424 | €29,755 | -€10,669 | -26.4% |
| Deferred charges and accrued income | 490/1 | €1,741 | €17,426 | +€15,685 | +901% |
| Total equity and liabilities | 10/49 | €124,642 | €77,653 | -€46,989 | -37.7% |
| Equity | 10/15 | €81,312 | €50,631 | -€30,681 | -37.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €99 | - | -€99 | |
| Distributable reserves | 133 | €99 | - | -€99 | |
| Profit (loss) carried forward | 14 | €76,213 | €45,631 | -€30,581 | -40.1% |
| Amounts payable | 17/49 | €43,330 | €27,022 | -€16,308 | -37.6% |
| Amounts payable within one year | 42/48 | €29,676 | €24,120 | -€5,557 | -18.7% |
| Financial debts | 43 | - | €5,277 | +€5,277 | |
| Credit institutions | 430/8 | - | €5,277 | +€5,277 | |
| Trade debts | 44 | - | €11,813 | +€11,813 | |
| Suppliers | 440/4 | - | €11,813 | +€11,813 | |
| Taxes, remuneration and social security | 45 | €29,676 | €7,029 | -€22,648 | -76.3% |
| Taxes | 450/3 | €29,676 | €7,029 | -€22,648 | -76.3% |
| Accrued charges and deferred income | 492/3 | €13,654 | €2,903 | -€10,752 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,890 | €5,784 | -€106 | -1.8% |
| Other operating charges | 640/8 | €729 | €615 | -€114 | -15.6% |
| Gross operating margin | 9900 | €25,134 | €47,323 | +€22,189 | +88.3% |
| Operating profit (loss) | 9901 | €18,515 | €40,924 | +€22,409 | +121% |
| Financial charges | 65/66B | €2,636 | €1,511 | -€1,125 | -42.7% |
| Recurring financial charges | 65 | €2,636 | €1,511 | -€1,125 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €15,879 | €39,413 | +€23,534 | +148% |
| Income taxes | 67/77 | €5,000 | €10,094 | +€5,094 | +102% |
| Profit (loss) for the period | 9904 | €10,879 | €29,319 | +€18,440 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €10,879 | €29,319 | +€18,440 | +170% |
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 1 November 2026 via checked.be.