SUBZERO: 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.
SUBZERO
Largest movements
- Receivables within one year -€1,801
down €1,801 (-53.3%), from €3,380 to €1,579
of which Other amounts receivable: -€2,178
- Deferred charges and accrued income -€1,583
no longer reported in 2024 (was €1,583)
- Tangible fixed assets -€1,502
down €1,502 (-21.1%), from €7,133 to €5,631
- Cash +€976
up €976 (+236.3%), from €413 to €1,390
mainly Other debts (+€18,941) and Depreciation (+€2,461)
- Profit (loss) carried forward -€19,042
down €19,042 (-165.8%), from -€11,486 to -€30,529
- Other debts +€18,941
up €18,941 (+994.7%), from €1,904 to €20,845
- Trade debts -€3,670
down €3,670 (-76.3%), from €4,809 to €1,139
- Gross operating margin -€6,674
down €6,674 (-68.1%), from -€9,797 to -€16,471
- Depreciation +€1,670
up €1,670 (+211.3%), from €790 to €2,461
- Other operating charges -€513
down €513 (-88.4%), from €580 to €68
- Financial charges -€274
down €274 (-85.8%), from €319 to €45
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.
Cash bridge derived
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 | €14,227 | €10,456 | -€3,771 | -26.5% |
| Formation expenses | 20 | €1,719 | €1,857 | +€138 | +8.0% |
| Fixed assets | 21/28 | €7,133 | €5,631 | -€1,502 | -21.1% |
| Tangible fixed assets | 22/27 | €7,133 | €5,631 | -€1,502 | -21.1% |
| Plant, machinery and equipment | 23 | €7,133 | €5,631 | -€1,502 | -21.1% |
| Current assets | 29/58 | €5,376 | €2,968 | -€2,407 | -44.8% |
| Amounts receivable within one year | 40/41 | €3,380 | €1,579 | -€1,801 | -53.3% |
| Trade receivables | 40 | €463 | €840 | +€377 | +81.4% |
| Other amounts receivable | 41 | €2,917 | €739 | -€2,178 | -74.7% |
| Cash at bank and in hand | 54/58 | €413 | €1,390 | +€976 | +236.3% |
| Deferred charges and accrued income | 490/1 | €1,583 | - | -€1,583 | |
| Total equity and liabilities | 10/49 | €14,227 | €10,456 | -€3,771 | -26.5% |
| Equity | 10/15 | -€9,486 | -€28,529 | -€19,042 | -200.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,486 | -€30,529 | -€19,042 | -165.8% |
| Amounts payable | 17/49 | €23,713 | €38,984 | +€15,271 | +64.4% |
| Amounts payable after more than one year | 17 | €17,000 | €17,000 | = | 0.0% |
| Financial debts | 170/4 | €17,000 | €17,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,713 | €21,984 | +€15,271 | +227.5% |
| Trade debts | 44 | €4,809 | €1,139 | -€3,670 | -76.3% |
| Suppliers | 440/4 | €4,809 | €1,139 | -€3,670 | -76.3% |
| Other amounts payable | 47/48 | €1,904 | €20,845 | +€18,941 | +994.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €790 | €2,461 | +€1,670 | +211.3% |
| Other operating charges | 640/8 | €580 | €68 | -€513 | -88.4% |
| Gross operating margin | 9900 | -€9,797 | -€16,471 | -€6,674 | -68.1% |
| Operating profit (loss) | 9901 | -€11,167 | -€18,999 | -€7,831 | -70.1% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €319 | €45 | -€274 | -85.8% |
| Recurring financial charges | 65 | €319 | €45 | -€274 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,486 | -€19,042 | -€7,556 | -65.8% |
| Profit (loss) for the period | 9904 | -€11,486 | -€19,042 | -€7,556 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,486 | -€19,042 | -€7,556 | -65.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.