SUBZEAL: 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.
SUBZEAL
Largest movements
- Cash -€37,930
down €37,930 (-70.1%), from €54,077 to €16,147
mainly Net result for the year (-€47,084) and Tax, wage and social debts (-€998)
- Receivables within one year -€9,501
down €9,501 (-68.5%), from €13,866 to €4,365
of which Trade receivables: -€8,260
- Profit (loss) carried forward -€47,084
down €47,084 (-399.3%), from -€11,791 to -€58,875
- Tax, wage and social debts -€998
no longer reported in 2023 (was €998)
- Gross operating margin -€48,130
down €48,130, from €1,390 to -€46,740
- Other operating charges -€774
no longer reported in 2023 (was €774)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,604 | €20,939 | -€47,665 | -69.5% |
| Fixed assets | 21/28 | €661 | €427 | -€234 | -35.4% |
| Tangible fixed assets | 22/27 | €661 | €427 | -€234 | -35.4% |
| Furniture and vehicles | 24 | €661 | €427 | -€234 | -35.4% |
| Current assets | 29/58 | €67,943 | €20,512 | -€47,431 | -69.8% |
| Amounts receivable within one year | 40/41 | €13,866 | €4,365 | -€9,501 | -68.5% |
| Trade receivables | 40 | €12,622 | €4,362 | -€8,260 | -65.4% |
| Other amounts receivable | 41 | €1,244 | €3 | -€1,241 | -99.8% |
| Cash at bank and in hand | 54/58 | €54,077 | €16,147 | -€37,930 | -70.1% |
| Total equity and liabilities | 10/49 | €68,604 | €20,939 | -€47,665 | -69.5% |
| Equity | 10/15 | €60,520 | €13,436 | -€47,084 | -77.8% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €56,811 | €56,811 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,700 | €2,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,700 | €2,700 | = | 0.0% |
| Distributable reserves | 133 | €54,111 | €54,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,791 | -€58,875 | -€47,084 | -399.3% |
| Amounts payable | 17/49 | €8,084 | €7,503 | -€581 | -7.2% |
| Amounts payable within one year | 42/48 | €8,084 | €7,503 | -€581 | -7.2% |
| Trade debts | 44 | - | €303 | +€303 | |
| Suppliers | 440/4 | - | €303 | +€303 | |
| Taxes, remuneration and social security | 45 | €998 | - | -€998 | |
| Taxes | 450/3 | €998 | - | -€998 | |
| Other amounts payable | 47/48 | €7,086 | €7,200 | +€114 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €234 | +€192 | +457.1% |
| Other operating charges | 640/8 | €774 | - | -€774 | |
| Gross operating margin | 9900 | €1,390 | -€46,740 | -€48,130 | |
| Operating profit (loss) | 9901 | €574 | -€46,974 | -€47,548 | |
| Financial income | 75/76B | - | €283 | +€283 | |
| Recurring financial income | 75 | - | €283 | +€283 | |
| Financial charges | 65/66B | €198 | €393 | +€195 | +98.5% |
| Recurring financial charges | 65 | €198 | €393 | +€195 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | €376 | -€47,084 | -€47,460 | |
| Profit (loss) for the period | 9904 | €376 | -€47,084 | -€47,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €376 | -€47,084 | -€47,460 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.