Cube Capital: 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.
Cube Capital
Largest movements
- Current investments -€113,689
down €113,689 (-100.0%), from €113,689 to €0
- Tangible fixed assets +€46,787
up €46,787 (+15.4%), from €303,213 to €350,000
of which Land and buildings: +€350,000
- Receivables within one year -€14,057
down €14,057 (-21.7%), from €64,764 to €50,708
of which Other amounts receivable: -€14,057
- Other debts -€398,006
down €398,006 (-50.2%), from €792,481 to €394,476
- Profit (loss) carried forward +€261,199
up €261,199 (+88.4%), from -€295,369 to -€34,170
- Revaluation surpluses +€31,783
new in 2025: €31,783
- Contributions +€20,000
up €20,000, from €0 to €20,000
- Financial income +€120,712
up €120,712 (+81.7%), from €147,747 to €268,459
- Gross operating margin +€17,593
up €17,593, from -€13,487 to €4,106
- Depreciation +€7,799
new in 2025: €7,799
- Financial charges -€2,129
down €2,129 (-41.6%), from €5,118 to €2,989
- Other operating charges -€258
down €258 (-30.9%), from €836 to €578
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 | €497,901 | €412,833 | -€85,067 | -17.1% |
| Fixed assets | 21/28 | €303,213 | €350,500 | +€47,287 | +15.6% |
| Tangible fixed assets | 22/27 | €303,213 | €350,000 | +€46,787 | +15.4% |
| Land and buildings | 22 | - | €350,000 | +€350,000 | |
| Assets under construction and advance payments | 27 | €303,213 | €0 | -€303,213 | -100.0% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €194,688 | €62,333 | -€132,354 | -68.0% |
| Amounts receivable within one year | 40/41 | €64,764 | €50,708 | -€14,057 | -21.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €64,764 | €50,708 | -€14,057 | -21.7% |
| Current investments | 50/53 | €113,689 | €0 | -€113,689 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,135 | €11,626 | -€4,509 | -27.9% |
| Deferred charges and accrued income | 490/1 | €100 | €0 | -€100 | -100.0% |
| Total equity and liabilities | 10/49 | €497,901 | €412,833 | -€85,067 | -17.1% |
| Equity | 10/15 | -€295,369 | €17,613 | +€312,982 | |
| Contributions | 10/11 | €0 | €20,000 | +€20,000 | |
| Revaluation surpluses | 12 | - | €31,783 | +€31,783 | |
| Profit (loss) carried forward | 14 | -€295,369 | -€34,170 | +€261,199 | +88.4% |
| Amounts payable | 17/49 | €793,270 | €395,220 | -€398,049 | -50.2% |
| Amounts payable within one year | 42/48 | €793,270 | €395,220 | -€398,049 | -50.2% |
| Trade debts | 44 | €788 | €745 | -€43 | -5.5% |
| Suppliers | 440/4 | €788 | €745 | -€43 | -5.5% |
| Other amounts payable | 47/48 | €792,481 | €394,476 | -€398,006 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,799 | +€7,799 | |
| Other operating charges | 640/8 | €836 | €578 | -€258 | -30.9% |
| Gross operating margin | 9900 | -€13,487 | €4,106 | +€17,593 | |
| Operating profit (loss) | 9901 | -€14,324 | -€4,271 | +€10,052 | +70.2% |
| Financial income | 75/76B | €147,747 | €268,459 | +€120,712 | +81.7% |
| Recurring financial income | 75 | €147,747 | €268,459 | +€120,712 | +81.7% |
| Financial charges | 65/66B | €5,118 | €2,989 | -€2,129 | -41.6% |
| Recurring financial charges | 65 | €5,118 | €2,989 | -€2,129 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €128,305 | €261,199 | +€132,894 | +103.6% |
| Profit (loss) for the period | 9904 | €128,305 | €261,199 | +€132,894 | +103.6% |
| Profit (loss) for the period to be appropriated | 9905 | €128,305 | €261,199 | +€132,894 | +103.6% |
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 10 October 2026 via checked.be.