CUBERDON: 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.
CUBERDON
Largest movements
- Cash +€89,158
up €89,158 (+108.4%), from €82,218 to €171,376
mainly Net result for the year (+€99,408) and Receivables within one year (+€54,099)
- Receivables within one year -€54,099
down €54,099 (-37.7%), from €143,427 to €89,328
of which Trade receivables: -€63,652
- Tangible fixed assets -€14,936
down €14,936 (-46.0%), from €32,498 to €17,562
of which Furniture and vehicles: -€13,306
- Deferred charges and accrued income +€4,025
new in 2025: €4,025
- Reserves +€107,313
up €107,313 (+85.2%), from €125,966 to €233,279
of which Distributable reserves: +€107,313
- Profit (loss) carried forward -€47,905
no longer reported in 2025 (was €47,905)
- Other debts -€25,201
down €25,201 (-75.2%), from €33,514 to €8,313
- Accrued charges and deferred income -€6,694
down €6,694 (-87.1%), from €7,689 to €995
- Tax, wage and social debts -€5,190
down €5,190 (-22.4%), from €23,146 to €17,956
of which Taxes: -€6,483
- Gross operating margin +€77,383
up €77,383 (+99.9%), from €77,474 to €154,857
- Taxes +€16,284
up €16,284 (+115.0%), from €14,163 to €30,447
- Staff costs +€8,921
new in 2025: €8,921
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 | €258,143 | €282,291 | +€24,148 | +9.4% |
| Fixed assets | 21/28 | €32,498 | €17,562 | -€14,936 | -46.0% |
| Tangible fixed assets | 22/27 | €32,498 | €17,562 | -€14,936 | -46.0% |
| Plant, machinery and equipment | 23 | €8,368 | €6,872 | -€1,496 | -17.9% |
| Furniture and vehicles | 24 | €23,291 | €9,985 | -€13,306 | -57.1% |
| Other tangible fixed assets | 26 | €839 | €705 | -€134 | -16.0% |
| Current assets | 29/58 | €225,645 | €264,729 | +€39,084 | +17.3% |
| Amounts receivable within one year | 40/41 | €143,427 | €89,328 | -€54,099 | -37.7% |
| Trade receivables | 40 | €142,824 | €79,172 | -€63,652 | -44.6% |
| Other amounts receivable | 41 | €603 | €10,156 | +€9,553 | +1584.2% |
| Cash at bank and in hand | 54/58 | €82,218 | €171,376 | +€89,158 | +108.4% |
| Deferred charges and accrued income | 490/1 | - | €4,025 | +€4,025 | |
| Total equity and liabilities | 10/49 | €258,143 | €282,291 | +€24,148 | +9.4% |
| Equity | 10/15 | €192,471 | €251,879 | +€59,408 | +30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,966 | €233,279 | +€107,313 | +85.2% |
| Non-distributable reserves | 130/1 | €496 | €496 | = | 0.0% |
| Reserves not available under the articles | 1311 | €496 | €496 | = | 0.0% |
| Distributable reserves | 133 | €125,470 | €232,783 | +€107,313 | +85.5% |
| Profit (loss) carried forward | 14 | €47,905 | - | -€47,905 | |
| Amounts payable | 17/49 | €65,672 | €30,412 | -€35,260 | -53.7% |
| Amounts payable within one year | 42/48 | €57,983 | €29,417 | -€28,566 | -49.3% |
| Trade debts | 44 | €1,323 | €3,148 | +€1,825 | +137.9% |
| Suppliers | 440/4 | €1,323 | €3,148 | +€1,825 | +137.9% |
| Taxes, remuneration and social security | 45 | €23,146 | €17,956 | -€5,190 | -22.4% |
| Taxes | 450/3 | €23,146 | €16,663 | -€6,483 | -28.0% |
| Remuneration and social security | 454/9 | - | €1,293 | +€1,293 | |
| Other amounts payable | 47/48 | €33,514 | €8,313 | -€25,201 | -75.2% |
| Accrued charges and deferred income | 492/3 | €7,689 | €995 | -€6,694 | -87.1% |
| Remuneration, social security and pensions | 62 | - | €8,921 | +€8,921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,849 | €14,937 | +€88 | +0.6% |
| Other operating charges | 640/8 | €452 | €995 | +€543 | +120.1% |
| Gross operating margin | 9900 | €77,474 | €154,857 | +€77,383 | +99.9% |
| Operating profit (loss) | 9901 | €62,173 | €130,004 | +€67,831 | +109.1% |
| Financial income | 75/76B | €10 | €15 | +€5 | +50.0% |
| Recurring financial income | 75 | €10 | €15 | +€5 | +50.0% |
| Financial charges | 65/66B | €115 | €164 | +€49 | +42.6% |
| Recurring financial charges | 65 | €115 | €164 | +€49 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €62,068 | €129,855 | +€67,787 | +109.2% |
| Income taxes | 67/77 | €14,163 | €30,447 | +€16,284 | +115.0% |
| Profit (loss) for the period | 9904 | €47,905 | €99,408 | +€51,503 | +107.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,905 | €99,408 | +€51,503 | +107.5% |
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 9 October 2026 via checked.be.