SUBTILT: 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.
SUBTILT
Largest movements
- Stocks and contracts -€793
no longer reported in 2025 (was €793)
- Cash +€730
up €730 (+316.5%), from €231 to €961
mainly Stocks and contracts (+€793) and Trade debts (+€335)
- Profit (loss) carried forward -€382
down €382, from €38 to -€344
- Trade debts +€335
up €335 (+844.1%), from €40 to €374
- Gross operating margin -€7,454
down €7,454, from €6,850 to -€604
- Taxes -€1,867
down €1,867 (-98.3%), from €1,900 to €32
- Other operating charges -€861
no longer reported in 2025 (was €861)
- Financial charges -€498
down €498 (-89.2%), from €558 to €60
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 | €13,855 | €13,818 | -€38 | -0.3% |
| Current assets | 29/58 | €13,855 | €13,818 | -€38 | -0.3% |
| Stocks and contracts in progress | 3 | €793 | - | -€793 | |
| Stocks | 30/36 | €793 | - | -€793 | |
| Amounts receivable within one year | 40/41 | €12,832 | €12,856 | +€24 | +0.2% |
| Trade receivables | 40 | €107 | - | -€107 | |
| Other amounts receivable | 41 | €12,725 | €12,856 | +€131 | +1.0% |
| Cash at bank and in hand | 54/58 | €231 | €961 | +€730 | +316.5% |
| Total equity and liabilities | 10/49 | €13,855 | €13,818 | -€38 | -0.3% |
| Equity | 10/15 | €11,916 | €11,512 | -€405 | -3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,679 | €5,656 | -€23 | -0.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,819 | €3,796 | -€23 | -0.6% |
| Profit (loss) carried forward | 14 | €38 | -€344 | -€382 | |
| Amounts payable | 17/49 | €1,939 | €2,306 | +€367 | +18.9% |
| Amounts payable within one year | 42/48 | €1,939 | €2,306 | +€367 | +18.9% |
| Trade debts | 44 | €40 | €374 | +€335 | +844.1% |
| Suppliers | 440/4 | €40 | €374 | +€335 | +844.1% |
| Taxes, remuneration and social security | 45 | €1,900 | €1,932 | +€32 | +1.7% |
| Taxes | 450/3 | €1,900 | €1,932 | +€32 | +1.7% |
| Other operating charges | 640/8 | €861 | - | -€861 | |
| Gross operating margin | 9900 | €6,850 | -€604 | -€7,454 | |
| Operating profit (loss) | 9901 | €5,989 | -€604 | -€6,592 | |
| Financial income | 75/76B | €264 | €291 | +€27 | +10.2% |
| Recurring financial income | 75 | €264 | €291 | +€27 | +10.2% |
| Financial charges | 65/66B | €558 | €60 | -€498 | -89.2% |
| Recurring financial charges | 65 | €558 | €60 | -€498 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €5,695 | -€373 | -€6,068 | |
| Income taxes | 67/77 | €1,900 | €32 | -€1,867 | -98.3% |
| Profit (loss) for the period | 9904 | €3,796 | -€405 | -€4,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,796 | -€405 | -€4,200 |
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.