SUBTS ROBIN: 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.
SUBTS ROBIN
Largest movements
- Tangible fixed assets +€48,402
up €48,402 (+271.1%), from €17,853 to €66,255
of which Furniture and vehicles: +€46,988
- Cash -€40,494
down €40,494 (-75.9%), from €53,343 to €12,849
mainly Investment in fixed assets (net) (-€56,556) and Contributions, distributions and other (-€7,100)
- Receivables within one year +€1,762
up €1,762 (+69.4%), from €2,538 to €4,300
of which Trade receivables: +€1,352
- Debts after one year +€12,132
new in 2025: €12,132
- Tax, wage and social debts -€3,356
no longer reported in 2025 (was €3,356)
- Current portion of long-term debt +€2,868
new in 2025: €2,868
- Trade debts -€1,032
no longer reported in 2025 (was €1,032)
- Other debts -€903
down €903 (-91.8%), from €984 to €80
- Gross operating margin -€6,087
down €6,087 (-24.8%), from €24,497 to €18,410
- Depreciation +€5,167
up €5,167 (+173.0%), from €2,987 to €8,154
- Taxes -€3,010
down €3,010 (-50.6%), from €5,953 to €2,943
- Financial income -€321
down €321 (-100.0%), from €321 to €0
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 | €74,237 | €83,786 | +€9,549 | +12.9% |
| Fixed assets | 21/28 | €17,853 | €66,255 | +€48,402 | +271.1% |
| Tangible fixed assets | 22/27 | €17,853 | €66,255 | +€48,402 | +271.1% |
| Plant, machinery and equipment | 23 | €5,114 | €3,941 | -€1,173 | -22.9% |
| Furniture and vehicles | 24 | €6,755 | €53,743 | +€46,988 | +695.6% |
| Other tangible fixed assets | 26 | €5,984 | €8,570 | +€2,587 | +43.2% |
| Current assets | 29/58 | €56,384 | €17,531 | -€38,853 | -68.9% |
| Amounts receivable within one year | 40/41 | €2,538 | €4,300 | +€1,762 | +69.4% |
| Trade receivables | 40 | €2,538 | €3,890 | +€1,352 | +53.3% |
| Other amounts receivable | 41 | - | €410 | +€410 | |
| Cash at bank and in hand | 54/58 | €53,343 | €12,849 | -€40,494 | -75.9% |
| Deferred charges and accrued income | 490/1 | €503 | €382 | -€121 | -24.1% |
| Total equity and liabilities | 10/49 | €74,237 | €83,786 | +€9,549 | +12.9% |
| Equity | 10/15 | €68,738 | €68,706 | -€33 | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €66,238 | €66,206 | -€33 | 0.0% |
| Distributable reserves | 133 | €66,238 | €66,206 | -€33 | 0.0% |
| Amounts payable | 17/49 | €5,498 | €15,080 | +€9,582 | +174.3% |
| Amounts payable after more than one year | 17 | - | €12,132 | +€12,132 | |
| Financial debts | 170/4 | - | €12,132 | +€12,132 | |
| Amounts payable within one year | 42/48 | €5,372 | €2,948 | -€2,424 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,868 | +€2,868 | |
| Trade debts | 44 | €1,032 | - | -€1,032 | |
| Suppliers | 440/4 | €1,032 | - | -€1,032 | |
| Taxes, remuneration and social security | 45 | €3,356 | - | -€3,356 | |
| Taxes | 450/3 | €3,356 | - | -€3,356 | |
| Other amounts payable | 47/48 | €984 | €80 | -€903 | -91.8% |
| Accrued charges and deferred income | 492/3 | €126 | - | -€126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,987 | €8,154 | +€5,167 | +173.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €24,497 | €18,410 | -€6,087 | -24.8% |
| Operating profit (loss) | 9901 | €21,384 | €10,128 | -€11,256 | -52.6% |
| Financial income | 75/76B | €321 | €0 | -€321 | -100.0% |
| Recurring financial income | 75 | €321 | €0 | -€321 | -100.0% |
| Financial charges | 65/66B | €94 | €118 | +€23 | +24.9% |
| Recurring financial charges | 65 | €94 | €118 | +€23 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €21,611 | €10,010 | -€11,601 | -53.7% |
| Income taxes | 67/77 | €5,953 | €2,943 | -€3,010 | -50.6% |
| Profit (loss) for the period | 9904 | €15,658 | €7,067 | -€8,590 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,658 | €7,067 | -€8,590 | -54.9% |
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 8 October 2026 via checked.be.