SUBSICONSEILS: 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.
SUBSICONSEILS
Largest movements
- Receivables within one year -€63,036
down €63,036 (-19.5%), from €322,661 to €259,625
of which Trade receivables: -€95,109
- Intangible fixed assets -€4,296
down €4,296 (-38.8%), from €11,085 to €6,788
- Trade debts -€30,015
down €30,015 (-51.3%), from €58,514 to €28,499
- Profit (loss) carried forward -€22,389
down €22,389, from €21,118 to -€1,271
- Tax, wage and social debts -€16,175
down €16,175 (-39.1%), from €41,393 to €25,218
of which Taxes: -€19,306
- Gross operating margin -€114,133
down €114,133 (-36.4%), from €313,962 to €199,829
- Write-downs -€68,105
down €68,105, from €2,030 to -€66,075
- Other operating charges +€64,862
up €64,862 (+2928.0%), from €2,215 to €67,077
- Taxes -€32,815
down €32,815 (-96.0%), from €34,180 to €1,365
- Staff costs +€28,441
up €28,441 (+15.6%), from €182,865 to €211,305
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.
Cash bridge derived
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 | €399,886 | €330,612 | -€69,273 | -17.3% |
| Fixed assets | 21/28 | €35,749 | €30,165 | -€5,583 | -15.6% |
| Intangible fixed assets | 21 | €11,085 | €6,788 | -€4,296 | -38.8% |
| Tangible fixed assets | 22/27 | €10,721 | €9,434 | -€1,287 | -12.0% |
| Furniture and vehicles | 24 | €10,721 | €9,434 | -€1,287 | -12.0% |
| Financial fixed assets | 28 | €13,943 | €13,943 | = | 0.0% |
| Current assets | 29/58 | €364,137 | €300,447 | -€63,690 | -17.5% |
| Amounts receivable within one year | 40/41 | €322,661 | €259,625 | -€63,036 | -19.5% |
| Trade receivables | 40 | €178,563 | €83,453 | -€95,109 | -53.3% |
| Other amounts receivable | 41 | €144,098 | €176,172 | +€32,074 | +22.3% |
| Cash at bank and in hand | 54/58 | €38,599 | €36,670 | -€1,930 | -5.0% |
| Deferred charges and accrued income | 490/1 | €2,877 | €4,152 | +€1,275 | +44.3% |
| Total equity and liabilities | 10/49 | €399,886 | €330,612 | -€69,273 | -17.3% |
| Equity | 10/15 | €232,640 | €209,800 | -€22,840 | -9.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €147,150 | €147,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €140,953 | €140,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,118 | -€1,271 | -€22,389 | |
| Investment grants | 15 | €2,372 | €1,921 | -€452 | -19.0% |
| Amounts payable | 17/49 | €167,245 | €120,812 | -€46,433 | -27.8% |
| Amounts payable after more than one year | 17 | €900 | €900 | = | 0.0% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,994 | €119,804 | -€46,190 | -27.8% |
| Trade debts | 44 | €58,514 | €28,499 | -€30,015 | -51.3% |
| Suppliers | 440/4 | €58,514 | €28,499 | -€30,015 | -51.3% |
| Taxes, remuneration and social security | 45 | €41,393 | €25,218 | -€16,175 | -39.1% |
| Taxes | 450/3 | €22,655 | €3,349 | -€19,306 | -85.2% |
| Remuneration and social security | 454/9 | €18,739 | €21,870 | +€3,131 | +16.7% |
| Other amounts payable | 47/48 | €66,086 | €66,086 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €351 | €108 | -€243 | -69.2% |
| Remuneration, social security and pensions | 62 | €182,865 | €211,305 | +€28,441 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,986 | €8,805 | +€1,819 | +26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,030 | -€66,075 | -€68,105 | |
| Other operating charges | 640/8 | €2,215 | €67,077 | +€64,862 | +2928.0% |
| Gross operating margin | 9900 | €313,962 | €199,829 | -€114,133 | -36.4% |
| Operating profit (loss) | 9901 | €119,866 | -€21,285 | -€141,151 | |
| Financial income | 75/76B | €1,036 | €1,077 | +€41 | +3.9% |
| Recurring financial income | 75 | €1,036 | €1,077 | +€41 | +3.9% |
| Financial charges | 65/66B | €4,061 | €816 | -€3,245 | -79.9% |
| Recurring financial charges | 65 | €4,061 | €816 | -€3,245 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €116,841 | -€21,024 | -€137,865 | |
| Income taxes | 67/77 | €34,180 | €1,365 | -€32,815 | -96.0% |
| Profit (loss) for the period | 9904 | €82,662 | -€22,389 | -€105,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,662 | -€22,389 | -€105,050 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.