CUBESQUARED: 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.
CUBESQUARED
Largest movements
- Cash -€4,700
down €4,700 (-42.9%), from €10,954 to €6,254
mainly Net result for the year (-€4,338) and Tax, wage and social debts (-€3,694)
- Receivables within one year +€1,239
up €1,239 (+29.7%), from €4,175 to €5,414
of which Trade receivables: +€1,028
- Tangible fixed assets -€761
down €761 (-39.4%), from €1,932 to €1,171
- Deferred charges and accrued income +€194
new in 2025: €194
- Advances received +€5,202
new in 2025: €5,202
- Profit (loss) carried forward -€4,338
down €4,338 (-59.6%), from €7,283 to €2,945
- Tax, wage and social debts -€3,694
down €3,694 (-80.5%), from €4,587 to €892
- Trade debts -€1,309
down €1,309 (-71.1%), from €1,843 to €533
- Gross operating margin -€12,851
down €12,851, from €9,703 to -€3,148
- Taxes -€1,929
down €1,929 (-100.0%), from €1,929 to €0
- Depreciation +€411
up €411 (+117.3%), from €350 to €761
- Staff costs +€156
new in 2025: €156
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 | €17,061 | €13,034 | -€4,027 | -23.6% |
| Fixed assets | 21/28 | €1,932 | €1,171 | -€761 | -39.4% |
| Tangible fixed assets | 22/27 | €1,932 | €1,171 | -€761 | -39.4% |
| Furniture and vehicles | 24 | €1,932 | €1,171 | -€761 | -39.4% |
| Current assets | 29/58 | €15,129 | €11,862 | -€3,267 | -21.6% |
| Amounts receivable within one year | 40/41 | €4,175 | €5,414 | +€1,239 | +29.7% |
| Trade receivables | 40 | €4,175 | €5,202 | +€1,028 | +24.6% |
| Other amounts receivable | 41 | €1 | €212 | +€212 | +32074.2% |
| Cash at bank and in hand | 54/58 | €10,954 | €6,254 | -€4,700 | -42.9% |
| Deferred charges and accrued income | 490/1 | - | €194 | +€194 | |
| Total equity and liabilities | 10/49 | €17,061 | €13,034 | -€4,027 | -23.6% |
| Equity | 10/15 | €9,283 | €4,945 | -€4,338 | -46.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,283 | €2,945 | -€4,338 | -59.6% |
| Amounts payable | 17/49 | €7,778 | €8,089 | +€311 | +4.0% |
| Amounts payable within one year | 42/48 | €7,778 | €8,089 | +€311 | +4.0% |
| Trade debts | 44 | €1,843 | €533 | -€1,309 | -71.1% |
| Suppliers | 440/4 | €1,843 | €533 | -€1,309 | -71.1% |
| Advances received on contracts in progress | 46 | - | €5,202 | +€5,202 | |
| Taxes, remuneration and social security | 45 | €4,587 | €892 | -€3,694 | -80.5% |
| Taxes | 450/3 | €4,587 | €892 | -€3,694 | -80.5% |
| Other amounts payable | 47/48 | €1,349 | €1,461 | +€113 | +8.3% |
| Remuneration, social security and pensions | 62 | - | €156 | +€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €761 | +€411 | +117.3% |
| Other operating charges | 640/8 | €63 | €120 | +€57 | +90.2% |
| Gross operating margin | 9900 | €9,703 | -€3,148 | -€12,851 | |
| Operating profit (loss) | 9901 | €9,290 | -€4,184 | -€13,475 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €79 | €154 | +€75 | +95.5% |
| Recurring financial charges | 65 | €79 | €154 | +€75 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €9,212 | -€4,338 | -€13,550 | |
| Income taxes | 67/77 | €1,929 | €0 | -€1,929 | -100.0% |
| Profit (loss) for the period | 9904 | €7,283 | -€4,338 | -€11,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,283 | -€4,338 | -€11,621 |
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 5 October 2026 via checked.be.