CUBE4: 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.
CUBE4
Largest movements
- Cash -€31,356
down €31,356 (-98.1%), from €31,955 to €598
mainly Receivables within one year (-€29,291) and Debts after one year (-€13,506)
- Receivables within one year +€29,291
up €29,291 (+477.2%), from €6,138 to €35,428
of which Trade receivables: +€25,055
- Tangible fixed assets -€15,517
down €15,517 (-5.8%), from €268,082 to €252,566
of which Land and buildings: -€12,093
- Debts after one year -€13,506
down €13,506 (-7.3%), from €184,123 to €170,617
- Short-term financial debts +€12,517
up €12,517 (+3908.5%), from €320 to €12,837
of which Other loans: +€12,816
- Trade debts -€12,370
down €12,370 (-28.3%), from €43,648 to €31,277
- Other debts -€10,239
down €10,239 (-20.2%), from €50,715 to €40,476
- Profit (loss) carried forward +€4,000
up €4,000 (+10.4%), from -€38,465 to -€34,464
- Gross operating margin -€208,716
down €208,716 (-70.7%), from €295,203 to €86,487
- Staff costs -€188,048
down €188,048 (-79.5%), from €236,415 to €48,367
- Financial charges -€3,692
down €3,692 (-38.7%), from €9,547 to €5,855
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 | €328,573 | €306,396 | -€22,177 | -6.7% |
| Fixed assets | 21/28 | €271,856 | €253,375 | -€18,482 | -6.8% |
| Intangible fixed assets | 21 | €1,475 | €809 | -€666 | -45.2% |
| Tangible fixed assets | 22/27 | €268,082 | €252,566 | -€15,517 | -5.8% |
| Land and buildings | 22 | €250,556 | €238,463 | -€12,093 | -4.8% |
| Plant, machinery and equipment | 23 | €6,548 | €7,024 | +€476 | +7.3% |
| Furniture and vehicles | 24 | €1,688 | €4,612 | +€2,924 | +173.2% |
| Leasing and similar rights | 25 | €9,290 | €2,467 | -€6,823 | -73.4% |
| Financial fixed assets | 28 | €2,299 | €0 | -€2,299 | -100.0% |
| Current assets | 29/58 | €56,716 | €53,021 | -€3,695 | -6.5% |
| Stocks and contracts in progress | 3 | €12,000 | €10,360 | -€1,640 | -13.7% |
| Stocks | 30/36 | €12,000 | €10,360 | -€1,640 | -13.7% |
| Amounts receivable within one year | 40/41 | €6,138 | €35,428 | +€29,291 | +477.2% |
| Trade receivables | 40 | €5,805 | €30,860 | +€25,055 | +431.6% |
| Other amounts receivable | 41 | €333 | €4,568 | +€4,235 | +1272.3% |
| Cash at bank and in hand | 54/58 | €31,955 | €598 | -€31,356 | -98.1% |
| Deferred charges and accrued income | 490/1 | €6,624 | €6,634 | +€10 | +0.2% |
| Total equity and liabilities | 10/49 | €328,573 | €306,396 | -€22,177 | -6.7% |
| Equity | 10/15 | €25,264 | €29,264 | +€4,000 | +15.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €44,979 | €44,979 | = | 0.0% |
| Non-distributable reserves | 130/1 | €120 | €120 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Other | 1319 | €120 | €120 | = | 0.0% |
| Distributable reserves | 133 | €44,858 | €44,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,465 | -€34,464 | +€4,000 | +10.4% |
| Amounts payable | 17/49 | €303,309 | €277,132 | -€26,177 | -8.6% |
| Amounts payable after more than one year | 17 | €184,123 | €170,617 | -€13,506 | -7.3% |
| Financial debts | 170/4 | €184,123 | €170,617 | -€13,506 | -7.3% |
| Amounts payable within one year | 42/48 | €119,186 | €106,514 | -€12,671 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €17,445 | €13,491 | -€3,954 | -22.7% |
| Financial debts | 43 | €320 | €12,837 | +€12,517 | +3908.5% |
| Credit institutions | 430/8 | €320 | €21 | -€299 | -93.4% |
| Other loans | 439 | - | €12,816 | +€12,816 | |
| Trade debts | 44 | €43,648 | €31,277 | -€12,370 | -28.3% |
| Suppliers | 440/4 | €43,648 | €31,277 | -€12,370 | -28.3% |
| Taxes, remuneration and social security | 45 | €7,058 | €8,433 | +€1,374 | +19.5% |
| Taxes | 450/3 | €7,058 | €3,731 | -€3,327 | -47.1% |
| Remuneration and social security | 454/9 | €0 | €4,701 | +€4,701 | |
| Other amounts payable | 47/48 | €50,715 | €40,476 | -€10,239 | -20.2% |
| Remuneration, social security and pensions | 62 | €236,415 | €48,367 | -€188,048 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,479 | €24,137 | -€2,342 | -8.8% |
| Other operating charges | 640/8 | €4,129 | €4,203 | +€74 | +1.8% |
| Gross operating margin | 9900 | €295,203 | €86,487 | -€208,716 | -70.7% |
| Operating profit (loss) | 9901 | €28,181 | €9,781 | -€18,400 | -65.3% |
| Financial income | 75/76B | €423 | €75 | -€348 | -82.3% |
| Recurring financial income | 75 | €423 | €75 | -€348 | -82.3% |
| Financial charges | 65/66B | €9,547 | €5,855 | -€3,692 | -38.7% |
| Recurring financial charges | 65 | €9,547 | €5,855 | -€3,692 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €19,057 | €4,000 | -€15,057 | -79.0% |
| Profit (loss) for the period | 9904 | €19,057 | €4,000 | -€15,057 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,057 | €4,000 | -€15,057 | -79.0% |
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 29 September 2026 via checked.be.