CUBATIK: 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.
CUBATIK
Largest movements
- Cash +€41,821
up €41,821 (+71.4%), from €58,563 to €100,384
mainly Other debts (+€117,800) and Net result for the year (+€59,951)
- Receivables within one year +€18,213
up €18,213 (+86.0%), from €21,183 to €39,396
of which Trade receivables: +€16,933
- Tangible fixed assets -€11,326
down €11,326 (-52.0%), from €21,761 to €10,435
of which Furniture and vehicles: -€10,939
- Other debts +€117,800
up €117,800, from €0 to €117,800
- Profit (loss) carried forward -€68,049
down €68,049 (-99.3%), from €68,500 to €450
- Gross operating margin -€8,344
down €8,344 (-8.6%), from €96,974 to €88,630
- Taxes -€2,236
down €2,236 (-12.2%), from €18,359 to €16,123
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 | €103,380 | €151,712 | +€48,333 | +46.8% |
| Fixed assets | 21/28 | €21,761 | €10,435 | -€11,326 | -52.0% |
| Tangible fixed assets | 22/27 | €21,761 | €10,435 | -€11,326 | -52.0% |
| Plant, machinery and equipment | 23 | €1,144 | €756 | -€388 | -33.9% |
| Furniture and vehicles | 24 | €20,617 | €9,679 | -€10,939 | -53.1% |
| Current assets | 29/58 | €81,618 | €141,278 | +€59,659 | +73.1% |
| Amounts receivable within one year | 40/41 | €21,183 | €39,396 | +€18,213 | +86.0% |
| Trade receivables | 40 | €17,696 | €34,629 | +€16,933 | +95.7% |
| Other amounts receivable | 41 | €3,486 | €4,767 | +€1,280 | +36.7% |
| Cash at bank and in hand | 54/58 | €58,563 | €100,384 | +€41,821 | +71.4% |
| Deferred charges and accrued income | 490/1 | €1,873 | €1,498 | -€375 | -20.0% |
| Total equity and liabilities | 10/49 | €103,380 | €151,712 | +€48,333 | +46.8% |
| Equity | 10/15 | €88,004 | €19,954 | -€68,049 | -77.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €904 | €904 | = | 0.0% |
| Distributable reserves | 133 | €904 | €904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,500 | €450 | -€68,049 | -99.3% |
| Amounts payable | 17/49 | €15,376 | €131,758 | +€116,382 | +757% |
| Amounts payable within one year | 42/48 | €15,317 | €131,758 | +€116,441 | +760% |
| Financial debts | 43 | €1,320 | €70 | -€1,250 | -94.7% |
| Credit institutions | 430/8 | €1,320 | €70 | -€1,250 | -94.7% |
| Trade debts | 44 | €3,280 | €3,182 | -€98 | -3.0% |
| Suppliers | 440/4 | €3,280 | €3,182 | -€98 | -3.0% |
| Taxes, remuneration and social security | 45 | €10,717 | €10,706 | -€11 | -0.1% |
| Taxes | 450/3 | €8,672 | €8,661 | -€11 | -0.1% |
| Remuneration and social security | 454/9 | €2,045 | €2,045 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €117,800 | +€117,800 | |
| Accrued charges and deferred income | 492/3 | €59 | €0 | -€59 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,963 | €11,673 | +€710 | +6.5% |
| Other operating charges | 640/8 | €828 | €818 | -€10 | -1.2% |
| Gross operating margin | 9900 | €96,974 | €88,630 | -€8,344 | -8.6% |
| Operating profit (loss) | 9901 | €85,183 | €76,140 | -€9,044 | -10.6% |
| Financial income | 75/76B | €4 | €11 | +€7 | +200% |
| Recurring financial income | 75 | €4 | €11 | +€7 | +200% |
| Financial charges | 65/66B | €72 | €77 | +€5 | +6.9% |
| Recurring financial charges | 65 | €72 | €77 | +€5 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €85,115 | €76,074 | -€9,041 | -10.6% |
| Income taxes | 67/77 | €18,359 | €16,123 | -€2,236 | -12.2% |
| Profit (loss) for the period | 9904 | €66,756 | €59,951 | -€6,805 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,756 | €59,951 | -€6,805 | -10.2% |
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 19 October 2026 via checked.be.