CUBE RENTING: 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 RENTING
Largest movements
- Tangible fixed assets +€835,246
up €835,246 (+88.2%), from €946,581 to €1.8m
of which Land and buildings: +€464,614
- Receivables within one year -€67,433
down €67,433 (-36.0%), from €187,512 to €120,079
- Cash -€37,334
down €37,334 (-66.8%), from €55,916 to €18,581
mainly Investment in fixed assets (net) (-€1.0m) and Short-term financial debts (-€21,157)
- Debts after one year +€592,052
up €592,052 (+131%), from €451,283 to €1.0m
- Current portion of long-term debt +€86,968
up €86,968 (+71.0%), from €122,475 to €209,442
- Other debts +€65,520
up €65,520 (+79.9%), from €82,050 to €147,570
- Trade debts +€27,059
up €27,059 (+18.1%), from €149,354 to €176,413
- Short-term financial debts -€21,157
down €21,157 (-21.3%), from €99,100 to €77,943
- Staff costs +€39,411
up €39,411 (+11.3%), from €347,765 to €387,177
- Gross operating margin -€38,607
down €38,607 (-5.7%), from €680,625 to €642,017
- Depreciation +€35,561
up €35,561 (+21.5%), from €165,700 to €201,261
- Taxes -€24,884
down €24,884 (-83.8%), from €29,677 to €4,793
- Other operating charges -€11,887
down €11,887 (-45.3%), from €26,213 to €14,326
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 | €1,198,407 | €1,929,340 | +€730,933 | +61.0% |
| Fixed assets | 21/28 | €951,773 | €1,786,736 | +€834,963 | +87.7% |
| Intangible fixed assets | 21 | €1,558 | €1,274 | -€284 | -18.2% |
| Tangible fixed assets | 22/27 | €946,581 | €1,781,827 | +€835,246 | +88.2% |
| Land and buildings | 22 | - | €464,614 | +€464,614 | |
| Plant, machinery and equipment | 23 | €846,230 | €1,175,903 | +€329,673 | +39.0% |
| Furniture and vehicles | 24 | €91,984 | €133,800 | +€41,816 | +45.5% |
| Other tangible fixed assets | 26 | €8,367 | €7,511 | -€856 | -10.2% |
| Financial fixed assets | 28 | €3,635 | €3,635 | = | 0.0% |
| Current assets | 29/58 | €246,633 | €142,604 | -€104,030 | -42.2% |
| Amounts receivable within one year | 40/41 | €187,512 | €120,079 | -€67,433 | -36.0% |
| Trade receivables | 40 | €187,512 | €120,079 | -€67,433 | -36.0% |
| Cash at bank and in hand | 54/58 | €55,916 | €18,581 | -€37,334 | -66.8% |
| Deferred charges and accrued income | 490/1 | €3,206 | €3,944 | +€737 | +23.0% |
| Total equity and liabilities | 10/49 | €1,198,407 | €1,929,340 | +€730,933 | +61.0% |
| Equity | 10/15 | €194,850 | €188,216 | -€6,633 | -3.4% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €139,850 | €133,216 | -€6,633 | -4.7% |
| Distributable reserves | 133 | €139,850 | €133,216 | -€6,633 | -4.7% |
| Amounts payable | 17/49 | €1,003,557 | €1,741,124 | +€737,567 | +73.5% |
| Amounts payable after more than one year | 17 | €451,283 | €1,043,334 | +€592,052 | +131% |
| Financial debts | 170/4 | €451,283 | €1,043,334 | +€592,052 | +131% |
| Amounts payable within one year | 42/48 | €549,132 | €697,146 | +€148,014 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €122,475 | €209,442 | +€86,968 | +71.0% |
| Financial debts | 43 | €99,100 | €77,943 | -€21,157 | -21.3% |
| Credit institutions | 430/8 | €99,100 | €77,943 | -€21,157 | -21.3% |
| Trade debts | 44 | €149,354 | €176,413 | +€27,059 | +18.1% |
| Suppliers | 440/4 | €149,354 | €176,413 | +€27,059 | +18.1% |
| Taxes, remuneration and social security | 45 | €96,154 | €85,778 | -€10,376 | -10.8% |
| Taxes | 450/3 | €47,803 | €26,015 | -€21,789 | -45.6% |
| Remuneration and social security | 454/9 | €48,350 | €59,763 | +€11,412 | +23.6% |
| Other amounts payable | 47/48 | €82,050 | €147,570 | +€65,520 | +79.9% |
| Accrued charges and deferred income | 492/3 | €3,142 | €644 | -€2,499 | -79.5% |
| Remuneration, social security and pensions | 62 | €347,765 | €387,177 | +€39,411 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,700 | €201,261 | +€35,561 | +21.5% |
| Other operating charges | 640/8 | €26,213 | €14,326 | -€11,887 | -45.3% |
| Gross operating margin | 9900 | €680,625 | €642,017 | -€38,607 | -5.7% |
| Operating profit (loss) | 9901 | €140,945 | €39,253 | -€101,692 | -72.2% |
| Financial income | 75/76B | €1,354 | €616 | -€737 | -54.5% |
| Recurring financial income | 75 | €1,354 | €616 | -€737 | -54.5% |
| Financial charges | 65/66B | €38,192 | €41,710 | +€3,518 | +9.2% |
| Recurring financial charges | 65 | €38,192 | €41,710 | +€3,518 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €104,107 | -€1,840 | -€105,947 | |
| Income taxes | 67/77 | €29,677 | €4,793 | -€24,884 | -83.8% |
| Profit (loss) for the period | 9904 | €74,430 | -€6,633 | -€81,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,430 | -€6,633 | -€81,063 |
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.