CUBE FACTORY: 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.
What changed
CUBE FACTORY
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,770
2024 · -€28,232+€18,462
Equity
€1.0m
2024 · €1.0m-€9,770
Cash
€1,713
2024 · €898+€815
Balance sheet total
€3.1m
2024 · €3.2m-€63,493
Largest movements
Assets
- Receivables after one year -€64,337
down €64,337 (-4.3%), from €1.5m to €1.4m
Equity and liabilities
- Debts after one year -€59,598
down €59,598 (-2.9%), from €2.1m to €2.0m
Income statement
- Financial income +€31,903
up €31,903 (+276.6%), from €11,534 to €43,437
- Financial charges +€16,481
up €16,481 (+15.7%), from €104,784 to €121,265
- Gross operating margin +€3,245
up €3,245 (+4.5%), from €71,559 to €74,803
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.
Result 2024
-€28,232
Gross operating margin
+€3,245
Other operating charges
-€204
Financial income
+€31,903
Financial charges
-€16,481
Result 2025
-€9,770
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.
From operations
+€57,662
Investment
€0
Financing
-€56,847
Cash 2024
€898
From operations (derived)
+€57,662
Net result for the year
-€9,770
Receivables after one year
+€64,337
Smaller working-capital items
+€32
Trade debts
+€1,625
Tax, wage and social debts
+€1,437
Financing
-€56,847
Debts after one year
-€59,598
Current portion of long-term debt
+€2,752
Cash 2025
€1,713
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,157,572 | €3,094,079 | -€63,493 | -2.0% |
| Fixed assets | 21/28 | €67,650 | €67,650 | = | 0.0% |
| Financial fixed assets | 28 | €67,650 | €67,650 | = | 0.0% |
| Current assets | 29/58 | €3,089,922 | €3,026,429 | -€63,493 | -2.1% |
| Amounts receivable after more than one year | 29 | €1,483,696 | €1,419,359 | -€64,337 | -4.3% |
| Other amounts receivable | 291 | €1,483,696 | €1,419,359 | -€64,337 | -4.3% |
| Stocks and contracts in progress | 3 | €1,605,327 | €1,605,327 | = | 0.0% |
| Stocks | 30/36 | €1,605,327 | €1,605,327 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €20 | +€20 | |
| Trade receivables | 40 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €898 | €1,713 | +€815 | +90.7% |
| Deferred charges and accrued income | 490/1 | - | €9 | +€9 | |
| Total equity and liabilities | 10/49 | €3,157,572 | €3,094,079 | -€63,493 | -2.0% |
| Equity | 10/15 | €1,040,379 | €1,030,609 | -€9,770 | -0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €972,729 | €962,959 | -€9,770 | -1.0% |
| Amounts payable | 17/49 | €2,117,193 | €2,063,470 | -€53,723 | -2.5% |
| Amounts payable after more than one year | 17 | €2,056,854 | €1,997,256 | -€59,598 | -2.9% |
| Financial debts | 170/4 | €2,056,854 | €1,997,256 | -€59,598 | -2.9% |
| Amounts payable within one year | 42/48 | €60,339 | €66,152 | +€5,814 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €41,694 | €44,446 | +€2,752 | +6.6% |
| Trade debts | 44 | €485 | €2,110 | +€1,625 | +335.3% |
| Suppliers | 440/4 | €485 | €2,110 | +€1,625 | +335.3% |
| Taxes, remuneration and social security | 45 | €18,160 | €19,596 | +€1,437 | +7.9% |
| Taxes | 450/3 | €18,160 | €19,596 | +€1,437 | +7.9% |
| Accrued charges and deferred income | 492/3 | - | €61 | +€61 | |
| Other operating charges | 640/8 | €6,541 | €6,745 | +€204 | +3.1% |
| Gross operating margin | 9900 | €71,559 | €74,803 | +€3,245 | +4.5% |
| Operating profit (loss) | 9901 | €65,018 | €68,058 | +€3,041 | +4.7% |
| Financial income | 75/76B | €11,534 | €43,437 | +€31,903 | +276.6% |
| Recurring financial income | 75 | €11,534 | €43,437 | +€31,903 | +276.6% |
| Financial charges | 65/66B | €104,784 | €121,265 | +€16,481 | +15.7% |
| Recurring financial charges | 65 | €104,784 | €121,265 | +€16,481 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,232 | -€9,770 | +€18,462 | +65.4% |
| Profit (loss) for the period | 9904 | -€28,232 | -€9,770 | +€18,462 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,232 | -€9,770 | +€18,462 | +65.4% |
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 9 October 2026 via checked.be.