SUBTILITE: 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.
SUBTILITE
Largest movements
- Cash +€23,631
up €23,631 (+221%), from €10,706 to €34,337
mainly Net result for the year (+€48,082) and Receivables within one year (+€12,035)
- Receivables within one year -€12,035
down €12,035 (-4.6%), from €259,605 to €247,569
of which Other amounts receivable: -€42,545
- Reserves +€48,082
up €48,082 (+48.5%), from €99,059 to €147,141
- Debts after one year -€25,148
down €25,148 (-22.4%), from €112,018 to €86,871
of which Financial debts: -€15,000
- Trade debts -€8,996
down €8,996 (-85.5%), from €10,524 to €1,528
- Gross operating margin +€28,776
up €28,776 (+96.7%), from €29,753 to €58,528
- Taxes +€9,692
up €9,692 (+103%), from €9,436 to €19,128
- Financial income +€5,644
up €5,644 (+130%), from €4,356 to €9,999
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 | €270,761 | €282,357 | +€11,596 | +4.3% |
| Fixed assets | 21/28 | €450 | €450 | = | 0.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €270,311 | €281,907 | +€11,596 | +4.3% |
| Amounts receivable within one year | 40/41 | €259,605 | €247,569 | -€12,035 | -4.6% |
| Trade receivables | 40 | €950 | €31,460 | +€30,510 | +3,212% |
| Other amounts receivable | 41 | €258,655 | €216,109 | -€42,545 | -16.4% |
| Cash at bank and in hand | 54/58 | €10,706 | €34,337 | +€23,631 | +221% |
| Total equity and liabilities | 10/49 | €270,761 | €282,357 | +€11,596 | +4.3% |
| Equity | 10/15 | €102,059 | €150,141 | +€48,082 | +47.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €99,059 | €147,141 | +€48,082 | +48.5% |
| Distributable reserves | 133 | €99,059 | €147,141 | +€48,082 | +48.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €168,702 | €132,216 | -€36,486 | -21.6% |
| Amounts payable after more than one year | 17 | €112,018 | €86,871 | -€25,148 | -22.4% |
| Financial debts | 170/4 | €15,000 | - | -€15,000 | |
| Other amounts payable | 178/9 | €97,018 | €86,871 | -€10,148 | -10.5% |
| Amounts payable within one year | 42/48 | €56,684 | €45,345 | -€11,339 | -20.0% |
| Trade debts | 44 | €10,524 | €1,528 | -€8,996 | -85.5% |
| Suppliers | 440/4 | €10,524 | €1,528 | -€8,996 | -85.5% |
| Taxes, remuneration and social security | 45 | €46,159 | €43,817 | -€2,342 | -5.1% |
| Taxes | 450/3 | €46,159 | €43,817 | -€2,342 | -5.1% |
| Other operating charges | 640/8 | €604 | €892 | +€287 | +47.6% |
| Gross operating margin | 9900 | €29,753 | €58,528 | +€28,776 | +96.7% |
| Operating profit (loss) | 9901 | €29,148 | €57,637 | +€28,489 | +97.7% |
| Financial income | 75/76B | €4,356 | €9,999 | +€5,644 | +130% |
| Recurring financial income | 75 | €4,356 | €9,999 | +€5,644 | +130% |
| Financial charges | 65/66B | €314 | €426 | +€112 | +35.5% |
| Recurring financial charges | 65 | €314 | €426 | +€112 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €33,189 | €67,210 | +€34,021 | +103% |
| Income taxes | 67/77 | €9,436 | €19,128 | +€9,692 | +103% |
| Profit (loss) for the period | 9904 | €23,753 | €48,082 | +€24,329 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €23,753 | €48,082 | +€24,329 | +102% |
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 22 October 2026 via checked.be.