CUBE8: 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.
CUBE8
Largest movements
- Cash -€125,713
down €125,713 (-89.3%), from €140,702 to €14,989
mainly Debts after one year (-€131,414) and Receivables within one year (-€79,449)
- Tangible fixed assets -€83,242
down €83,242 (-5.6%), from €1.5m to €1.4m
of which Land and buildings: -€84,911
- Receivables within one year +€79,449
up €79,449 (+156.4%), from €50,814 to €130,262
of which Trade receivables: +€81,952
- Debts after one year -€131,414
down €131,414 (-12.8%), from €1.0m to €892,965
- Profit (loss) carried forward +€28,883
up €28,883, from -€28,883 to €0
- Reserves -€24,224
down €24,224 (-6.4%), from €380,482 to €356,258
of which Tax-exempt reserves: -€14,484
- Gross operating margin +€75,658
up €75,658 (+86.9%), from €87,039 to €162,697
- Depreciation +€12,978
up €12,978 (+14.9%), from €87,124 to €100,102
- Financial charges +€4,213
up €4,213 (+12.0%), from €34,987 to €39,200
- Taxes +€3,186
up €3,186, from €0 to €3,186
- Other operating charges -€2,148
down €2,148 (-45.3%), from €4,742 to €2,594
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 | €1,731,534 | €1,601,994 | -€129,540 | -7.5% |
| Fixed assets | 21/28 | €1,539,396 | €1,456,154 | -€83,242 | -5.4% |
| Tangible fixed assets | 22/27 | €1,476,062 | €1,392,821 | -€83,242 | -5.6% |
| Land and buildings | 22 | €1,472,466 | €1,387,555 | -€84,911 | -5.8% |
| Plant, machinery and equipment | 23 | €2,182 | €5,266 | +€3,084 | +141.4% |
| Furniture and vehicles | 24 | €1,415 | €0 | -€1,415 | -100.0% |
| Financial fixed assets | 28 | €63,333 | €63,333 | = | 0.0% |
| Current assets | 29/58 | €192,138 | €145,840 | -€46,299 | -24.1% |
| Amounts receivable within one year | 40/41 | €50,814 | €130,262 | +€79,449 | +156.4% |
| Trade receivables | 40 | €48,150 | €130,102 | +€81,952 | +170.2% |
| Other amounts receivable | 41 | €2,664 | €160 | -€2,503 | -94.0% |
| Cash at bank and in hand | 54/58 | €140,702 | €14,989 | -€125,713 | -89.3% |
| Deferred charges and accrued income | 490/1 | €622 | €588 | -€34 | -5.5% |
| Total equity and liabilities | 10/49 | €1,731,534 | €1,601,994 | -€129,540 | -7.5% |
| Equity | 10/15 | €451,599 | €456,258 | +€4,658 | +1.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €380,482 | €356,258 | -€24,224 | -6.4% |
| Tax-exempt reserves | 132 | €106,207 | €91,723 | -€14,484 | -13.6% |
| Distributable reserves | 133 | €274,275 | €264,535 | -€9,740 | -3.6% |
| Profit (loss) carried forward | 14 | -€28,883 | €0 | +€28,883 | |
| Provisions and deferred taxes | 16 | €35,402 | €30,574 | -€4,828 | -13.6% |
| Deferred taxes | 168 | €35,402 | €30,574 | -€4,828 | -13.6% |
| Amounts payable | 17/49 | €1,244,532 | €1,115,161 | -€129,371 | -10.4% |
| Amounts payable after more than one year | 17 | €1,024,380 | €892,965 | -€131,414 | -12.8% |
| Financial debts | 170/4 | €1,024,380 | €892,965 | -€131,414 | -12.8% |
| Amounts payable within one year | 42/48 | €220,152 | €222,196 | +€2,044 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €118,099 | €131,548 | +€13,449 | +11.4% |
| Financial debts | 43 | - | €285 | +€285 | |
| Credit institutions | 430/8 | - | €285 | +€285 | |
| Trade debts | 44 | €13,580 | €24,594 | +€11,014 | +81.1% |
| Suppliers | 440/4 | €13,580 | €24,594 | +€11,014 | +81.1% |
| Taxes, remuneration and social security | 45 | €26,078 | €14,965 | -€11,113 | -42.6% |
| Taxes | 450/3 | €26,078 | €14,965 | -€11,113 | -42.6% |
| Other amounts payable | 47/48 | €62,395 | €50,805 | -€11,591 | -18.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,124 | €100,102 | +€12,978 | +14.9% |
| Other operating charges | 640/8 | €4,742 | €2,594 | -€2,148 | -45.3% |
| Gross operating margin | 9900 | €87,039 | €162,697 | +€75,658 | +86.9% |
| Operating profit (loss) | 9901 | -€4,827 | €60,000 | +€64,827 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €34,987 | €39,200 | +€4,213 | +12.0% |
| Recurring financial charges | 65 | €34,987 | €39,200 | +€4,213 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,815 | €20,800 | +€60,615 | |
| Transfer from deferred taxes | 780 | €2,733 | €4,828 | +€2,095 | +76.7% |
| Income taxes | 67/77 | €0 | €3,186 | +€3,186 | |
| Profit (loss) for the period | 9904 | -€37,082 | €22,442 | +€59,524 | |
| Transfer from tax-exempt reserves | 789 | €8,199 | €14,484 | +€6,285 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,883 | €36,926 | +€65,809 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.