UNIT 3 SUBSEA SOLUTIONS: what changed
What changed
UNIT 3 SUBSEA SOLUTIONS
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€109,590
2023 · €2,023+€107,567
Equity
€475,874
2023 · €488,285-€12,410
Cash
€117,113
2023 · €82,185+€34,928
Balance sheet total
€795,970
2023 · €731,282+€64,689
Largest movements
Assets
- Cash +€34,928
up €34,928 (+42.5%), from €82,185 to €117,113
mainly Other debts (+€121,809) and Net result for the year (+€109,590)
- Receivables within one year +€32,829
up €32,829 (+15.9%), from €206,299 to €239,129
of which Other amounts receivable: +€26,704
Equity and liabilities
- Other debts +€121,809
up €121,809 (+63,631%), from €191 to €122,000
- Trade debts -€23,598
down €23,598 (-70.0%), from €33,703 to €10,105
- Debts after one year -€15,970
down €15,970 (-8.8%), from €181,235 to €165,265
- Reserves -€13,000
down €13,000 (-3.7%), from €352,850 to €339,850
of which Distributable reserves: -€13,000
Income statement
- Gross operating margin +€130,285
up €130,285 (+304%), from €42,908 to €173,192
- Taxes +€41,936
up €41,936 (+1,159%), from €3,619 to €45,555
- Financial income +€10,194
up €10,194 (+422%), from €2,416 to €12,610
- Depreciation -€8,443
down €8,443 (-35.5%), from €23,804 to €15,362
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€2,023
Gross operating margin
+€130,285
Depreciation
+€8,443
Other operating charges
+€1,042
Financial income
+€10,194
Financial charges
-€461
Taxes
-€41,936
Result 2024
€109,590
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€184,685
Investment
-€12,042
Financing
-€137,715
Cash 2023
€82,185
From operations (derived)
+€184,685
Net result for the year
+€109,590
Depreciation
+€15,362
Receivables within one year
-€32,829
Deferred charges and accrued income
-€251
Trade debts
-€23,598
Tax, wage and social debts
-€5,397
Other debts
+€121,809
Investment (derived)
-€12,042
Investment in fixed assets (net)
-€12,042
Financing
-€137,715
Debts after one year
-€15,970
Current portion of long-term debt
+€255
Contributions, distributions and other
-€122,000
Cash 2024
€117,113
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €731,282 | €795,970 | +€64,689 | +8.8% |
| Fixed assets | 21/28 | €441,812 | €438,493 | -€3,319 | -0.8% |
| Tangible fixed assets | 22/27 | €441,562 | €438,243 | -€3,319 | -0.8% |
| Land and buildings | 22 | €423,392 | €414,037 | -€9,354 | -2.2% |
| Plant, machinery and equipment | 23 | €6,260 | €5,638 | -€623 | -9.9% |
| Furniture and vehicles | 24 | €11,910 | €18,567 | +€6,658 | +55.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €289,470 | €357,478 | +€68,008 | +23.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €206,299 | €239,129 | +€32,829 | +15.9% |
| Trade receivables | 40 | €136,671 | €142,796 | +€6,125 | +4.5% |
| Other amounts receivable | 41 | €69,628 | €96,333 | +€26,704 | +38.4% |
| Cash at bank and in hand | 54/58 | €82,185 | €117,113 | +€34,928 | +42.5% |
| Deferred charges and accrued income | 490/1 | €985 | €1,236 | +€251 | +25.5% |
| Total equity and liabilities | 10/49 | €731,282 | €795,970 | +€64,689 | +8.8% |
| Equity | 10/15 | €488,285 | €475,874 | -€12,410 | -2.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €352,850 | €339,850 | -€13,000 | -3.7% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,600 | €35,600 | = | 0.0% |
| Distributable reserves | 133 | €317,200 | €304,200 | -€13,000 | -4.1% |
| Profit (loss) carried forward | 14 | €134,935 | €135,524 | +€590 | +0.4% |
| Amounts payable | 17/49 | €242,997 | €320,096 | +€77,099 | +31.7% |
| Amounts payable after more than one year | 17 | €181,235 | €165,265 | -€15,970 | -8.8% |
| Financial debts | 170/4 | €181,235 | €165,265 | -€15,970 | -8.8% |
| Amounts payable within one year | 42/48 | €61,762 | €154,831 | +€93,069 | +151% |
| Current portion of amounts payable after more than one year | 42 | €15,715 | €15,970 | +€255 | +1.6% |
| Trade debts | 44 | €33,703 | €10,105 | -€23,598 | -70.0% |
| Suppliers | 440/4 | €33,703 | €10,105 | -€23,598 | -70.0% |
| Taxes, remuneration and social security | 45 | €12,153 | €6,756 | -€5,397 | -44.4% |
| Taxes | 450/3 | €7,834 | €6,756 | -€1,077 | -13.8% |
| Remuneration and social security | 454/9 | €4,319 | €0 | -€4,319 | -100% |
| Other amounts payable | 47/48 | €191 | €122,000 | +€121,809 | +63,631% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,804 | €15,362 | -€8,443 | -35.5% |
| Other operating charges | 640/8 | €3,747 | €2,705 | -€1,042 | -27.8% |
| Gross operating margin | 9900 | €42,908 | €173,192 | +€130,285 | +304% |
| Operating profit (loss) | 9901 | €15,356 | €155,125 | +€139,769 | +910% |
| Financial income | 75/76B | €2,416 | €12,610 | +€10,194 | +422% |
| Recurring financial income | 75 | €2,416 | €12,610 | +€10,194 | +422% |
| Financial charges | 65/66B | €12,130 | €12,591 | +€461 | +3.8% |
| Recurring financial charges | 65 | €12,130 | €12,591 | +€461 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €5,641 | €155,144 | +€149,503 | +2,650% |
| Income taxes | 67/77 | €3,619 | €45,555 | +€41,936 | +1,159% |
| Profit (loss) for the period | 9904 | €2,023 | €109,590 | +€107,567 | +5,318% |
| Profit (loss) for the period to be appropriated | 9905 | €2,023 | €109,590 | +€107,567 | +5,318% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.