CUBE CONCEPT: 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 CONCEPT
Largest movements
- Stocks and contracts +€190,661
up €190,661 (+9,598%), from €1,986 to €192,647
- Tangible fixed assets +€156,764
up €156,764 (+456%), from €34,396 to €191,159
- Debts after one year +€231,856
up €231,856 (+23,693%), from €979 to €232,834
- Profit (loss) carried forward +€46,587
up €46,587 (+36.2%), from €128,707 to €175,293
- Trade debts +€37,505
up €37,505 (+65.4%), from €57,374 to €94,879
- Current portion of long-term debt +€25,828
up €25,828 (+669%), from €3,859 to €29,687
- Short-term financial debts +€22,731
up €22,731 (+35.8%), from €63,502 to €86,233
- Gross operating margin +€43,203
up €43,203 (+40.8%), from €105,844 to €149,047
- Staff costs +€29,407
up €29,407 (+459%), from €6,413 to €35,819
- Depreciation +€15,712
up €15,712 (+79.1%), from €19,875 to €35,587
- Financial charges +€10,357
up €10,357 (+418%), from €2,480 to €12,837
- Other operating charges +€2,450
up €2,450 (+671%), from €365 to €2,815
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 | €286,346 | €640,710 | +€354,364 | +124% |
| Fixed assets | 21/28 | €37,507 | €197,899 | +€160,392 | +428% |
| Intangible fixed assets | 21 | €1,211 | €4,840 | +€3,629 | +300% |
| Tangible fixed assets | 22/27 | €34,396 | €191,159 | +€156,764 | +456% |
| Furniture and vehicles | 24 | €34,396 | €191,159 | +€156,764 | +456% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €248,839 | €442,811 | +€193,971 | +78.0% |
| Stocks and contracts in progress | 3 | €1,986 | €192,647 | +€190,661 | +9,598% |
| Stocks | 30/36 | €1,986 | €192,647 | +€190,661 | +9,598% |
| Amounts receivable within one year | 40/41 | €246,853 | €250,164 | +€3,311 | +1.3% |
| Trade receivables | 40 | €196,193 | €168,490 | -€27,703 | -14.1% |
| Other amounts receivable | 41 | €50,660 | €81,674 | +€31,014 | +61.2% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €286,346 | €640,710 | +€354,364 | +124% |
| Equity | 10/15 | €131,207 | €177,793 | +€46,587 | +35.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,707 | €175,293 | +€46,587 | +36.2% |
| Amounts payable | 17/49 | €155,139 | €462,916 | +€307,777 | +198% |
| Amounts payable after more than one year | 17 | €979 | €232,834 | +€231,856 | +23,693% |
| Financial debts | 170/4 | €979 | €232,834 | +€231,856 | +23,693% |
| Amounts payable within one year | 42/48 | €154,161 | €230,082 | +€75,921 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €3,859 | €29,687 | +€25,828 | +669% |
| Financial debts | 43 | €63,502 | €86,233 | +€22,731 | +35.8% |
| Credit institutions | 430/8 | €63,502 | €86,233 | +€22,731 | +35.8% |
| Trade debts | 44 | €57,374 | €94,879 | +€37,505 | +65.4% |
| Suppliers | 440/4 | €57,374 | €94,879 | +€37,505 | +65.4% |
| Taxes, remuneration and social security | 45 | €25,650 | €19,284 | -€6,366 | -24.8% |
| Taxes | 450/3 | €25,252 | €17,008 | -€8,244 | -32.6% |
| Remuneration and social security | 454/9 | €398 | €2,276 | +€1,878 | +472% |
| Other amounts payable | 47/48 | €3,776 | €0 | -€3,776 | -100% |
| Remuneration, social security and pensions | 62 | €6,413 | €35,819 | +€29,407 | +459% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,875 | €35,587 | +€15,712 | +79.1% |
| Other operating charges | 640/8 | €365 | €2,815 | +€2,450 | +671% |
| Non-recurring operating charges | 66A | €717 | - | -€717 | |
| Gross operating margin | 9900 | €105,844 | €149,047 | +€43,203 | +40.8% |
| Operating profit (loss) | 9901 | €78,474 | €74,826 | -€3,648 | -4.6% |
| Financial income | 75/76B | €999 | €1,594 | +€596 | +59.7% |
| Recurring financial income | 75 | €999 | €1,594 | +€596 | +59.7% |
| Financial charges | 65/66B | €2,480 | €12,837 | +€10,357 | +418% |
| Recurring financial charges | 65 | €2,480 | €12,837 | +€10,357 | +418% |
| Profit (loss) for the period before taxes | 9903 | €76,993 | €63,584 | -€13,409 | -17.4% |
| Income taxes | 67/77 | €15,532 | €16,997 | +€1,465 | +9.4% |
| Profit (loss) for the period | 9904 | €61,461 | €46,587 | -€14,874 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,461 | €46,587 | -€14,874 | -24.2% |
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 18 October 2026 via checked.be.