Cubalaya: what changed
Two financial 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.
Cubalaya
Largest movements
- Receivables within one year -€584
down €584 (-5.2%), from €11,175 to €10,591
- Cash -€442
no longer reported in 2025 (was €442)
mainly Net result for the year (-€1,038)
- Profit (loss) carried forward -€1,038
down €1,038 (-39.8%), from €2,611 to €1,573
- Financial charges +€363
up €363 (+395%), from €92 to €454
- Gross operating margin -€69
down €69 (-60.2%), from -€115 to -€184
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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.
Derived cash bridge
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 | €11,617 | €10,591 | -€1,026 | -8.8% |
| Current assets | 29/58 | €11,617 | €10,591 | -€1,026 | -8.8% |
| Amounts receivable within one year | 40/41 | €11,175 | €10,591 | -€584 | -5.2% |
| Other amounts receivable | 41 | €11,175 | €10,591 | -€584 | -5.2% |
| Cash at bank and in hand | 54/58 | €442 | - | -€442 | |
| Total equity and liabilities | 10/49 | €11,617 | €10,591 | -€1,026 | -8.8% |
| Equity | 10/15 | €10,671 | €9,633 | -€1,038 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,611 | €1,573 | -€1,038 | -39.8% |
| Amounts payable | 17/49 | €946 | €958 | +€12 | +1.3% |
| Amounts payable within one year | 42/48 | €946 | €958 | +€12 | +1.3% |
| Trade debts | 44 | €942 | €955 | +€12 | +1.3% |
| Suppliers | 440/4 | €942 | €955 | +€12 | +1.3% |
| Taxes, remuneration and social security | 45 | €4 | €4 | = | 0.0% |
| Taxes | 450/3 | €4 | €4 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€115 | -€184 | -€69 | -60.2% |
| Operating profit (loss) | 9901 | -€502 | -€584 | -€82 | -16.2% |
| Financial charges | 65/66B | €92 | €454 | +€363 | +395% |
| Recurring financial charges | 65 | €92 | €454 | +€363 | +395% |
| Profit (loss) for the period before taxes | 9903 | -€594 | -€1,038 | -€444 | -74.8% |
| Profit (loss) for the period | 9904 | -€594 | -€1,038 | -€444 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€594 | -€1,038 | -€444 | -74.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.