CUBE 2: 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.
CUBE 2
Largest movements
- Receivables within one year -€212,284
down €212,284 (-41.8%), from €508,097 to €295,812
of which Trade receivables: -€262,626
- Tangible fixed assets -€51,132
down €51,132 (-45.6%), from €112,022 to €60,891
of which Furniture and vehicles: -€42,646
- Other debts -€369,492
no longer reported in 2025 (was €369,492)
- Trade debts +€148,582
up €148,582 (+186.2%), from €79,776 to €228,358
- Debts after one year -€35,660
down €35,660 (-59.4%), from €60,062 to €24,402
- Current portion of long-term debt -€9,191
down €9,191 (-19.9%), from €46,222 to €37,031
- Tax, wage and social debts +€6,857
up €6,857 (+43.5%), from €15,759 to €22,616
- Turnover -€935,289
no longer reported in 2025 (was €935,289)
- Purchases and services -€853,273
no longer reported in 2025 (was €853,273)
- Gross operating margin -€23,613
down €23,613 (-24.7%), from €95,521 to €71,908
- Depreciation -€12,620
down €12,620 (-16.7%), from €75,788 to €63,168
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.
Cash bridge derived
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 | €649,720 | €393,672 | -€256,048 | -39.4% |
| Fixed assets | 21/28 | €115,772 | €65,099 | -€50,673 | -43.8% |
| Tangible fixed assets | 22/27 | €112,022 | €60,891 | -€51,132 | -45.6% |
| Plant, machinery and equipment | 23 | €35,065 | €26,680 | -€8,385 | -23.9% |
| Furniture and vehicles | 24 | €76,829 | €34,183 | -€42,646 | -55.5% |
| Other tangible fixed assets | 26 | €128 | €28 | -€100 | -77.8% |
| Financial fixed assets | 28 | €3,750 | €4,209 | +€459 | +12.2% |
| Current assets | 29/58 | €533,948 | €328,573 | -€205,375 | -38.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €508,097 | €295,812 | -€212,284 | -41.8% |
| Trade receivables | 40 | €400,630 | €138,004 | -€262,626 | -65.6% |
| Other amounts receivable | 41 | €107,467 | €157,809 | +€50,342 | +46.8% |
| Cash at bank and in hand | 54/58 | €14,588 | €17,582 | +€2,994 | +20.5% |
| Deferred charges and accrued income | 490/1 | €9,764 | €13,679 | +€3,915 | +40.1% |
| Total equity and liabilities | 10/49 | €649,720 | €393,672 | -€256,048 | -39.4% |
| Equity | 10/15 | €78,410 | €79,724 | +€1,315 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €57,950 | €59,264 | +€1,315 | +2.3% |
| Amounts payable | 17/49 | €571,311 | €313,948 | -€257,363 | -45.0% |
| Amounts payable after more than one year | 17 | €60,062 | €24,402 | -€35,660 | -59.4% |
| Financial debts | 170/4 | €60,062 | €24,402 | -€35,660 | -59.4% |
| Amounts payable within one year | 42/48 | €511,249 | €288,005 | -€223,244 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €46,222 | €37,031 | -€9,191 | -19.9% |
| Trade debts | 44 | €79,776 | €228,358 | +€148,582 | +186.2% |
| Suppliers | 440/4 | €79,776 | €228,358 | +€148,582 | +186.2% |
| Taxes, remuneration and social security | 45 | €15,759 | €22,616 | +€6,857 | +43.5% |
| Taxes | 450/3 | €15,759 | €22,616 | +€6,857 | +43.5% |
| Other amounts payable | 47/48 | €369,492 | - | -€369,492 | |
| Accrued charges and deferred income | 492/3 | - | €1,542 | +€1,542 | |
| Turnover | 70 | €935,289 | - | -€935,289 | |
| Goods, raw materials, services and sundry goods | 60/61 | €853,273 | - | -€853,273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,788 | €63,168 | -€12,620 | -16.7% |
| Other operating charges | 640/8 | €3,039 | €2,370 | -€670 | -22.0% |
| Gross operating margin | 9900 | €95,521 | €71,908 | -€23,613 | -24.7% |
| Operating profit (loss) | 9901 | €16,693 | €6,370 | -€10,323 | -61.8% |
| Financial income | 75/76B | €4,029 | €6,507 | +€2,478 | +61.5% |
| Recurring financial income | 75 | €4,029 | €6,507 | +€2,478 | +61.5% |
| Financial charges | 65/66B | €4,621 | €3,182 | -€1,439 | -31.1% |
| Recurring financial charges | 65 | €4,621 | €3,182 | -€1,439 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €16,101 | €9,696 | -€6,406 | -39.8% |
| Income taxes | 67/77 | €4,801 | €8,381 | +€3,580 | +74.6% |
| Profit (loss) for the period | 9904 | €11,300 | €1,315 | -€9,985 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,300 | €1,315 | -€9,985 | -88.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.