cubeway: 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.
cubeway
Largest movements
- Receivables within one year +€172,594
up €172,594 (+1,889%), from €9,137 to €181,731
of which Other amounts receivable: +€164,562
- Cash -€51,045
down €51,045 (-35.7%), from €142,964 to €91,919
mainly Receivables within one year (-€172,594) and Deferred charges and accrued income (-€7,207)
- Deferred charges and accrued income +€7,207
up €7,207 (+524%), from €1,375 to €8,582
- Tangible fixed assets -€3,400
down €3,400 (-14.1%), from €24,042 to €20,641
of which Furniture and vehicles: -€2,268
- Reserves +€71,950
up €71,950 (+45.1%), from €159,678 to €231,629
of which Distributable reserves: +€71,950
- Tax, wage and social debts +€55,458
up €55,458 (+442%), from €12,533 to €67,991
of which Taxes: +€52,888
- Gross operating margin +€64,945
up €64,945 (+135%), from €48,070 to €113,015
- Taxes +€31,113
up €31,113 (+433%), from €7,187 to €38,299
- Financial income +€2,483
up €2,483 (+201%), from €1,238 to €3,720
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 | €187,553 | €312,909 | +€125,356 | +66.8% |
| Fixed assets | 21/28 | €34,077 | €30,676 | -€3,400 | -10.0% |
| Tangible fixed assets | 22/27 | €24,042 | €20,641 | -€3,400 | -14.1% |
| Plant, machinery and equipment | 23 | €16,132 | €15,000 | -€1,132 | -7.0% |
| Furniture and vehicles | 24 | €7,910 | €5,641 | -€2,268 | -28.7% |
| Financial fixed assets | 28 | €10,035 | €10,035 | = | 0.0% |
| Current assets | 29/58 | €153,476 | €282,233 | +€128,757 | +83.9% |
| Amounts receivable within one year | 40/41 | €9,137 | €181,731 | +€172,594 | +1,889% |
| Trade receivables | 40 | €8,907 | €16,940 | +€8,033 | +90.2% |
| Other amounts receivable | 41 | €229 | €164,791 | +€164,562 | +71,811% |
| Cash at bank and in hand | 54/58 | €142,964 | €91,919 | -€51,045 | -35.7% |
| Deferred charges and accrued income | 490/1 | €1,375 | €8,582 | +€7,207 | +524% |
| Total equity and liabilities | 10/49 | €187,553 | €312,909 | +€125,356 | +66.8% |
| Equity | 10/15 | €172,078 | €244,029 | +€71,950 | +41.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €159,678 | €231,629 | +€71,950 | +45.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,846 | €6,846 | = | 0.0% |
| Distributable reserves | 133 | €150,972 | €222,922 | +€71,950 | +47.7% |
| Amounts payable | 17/49 | €15,474 | €68,880 | +€53,406 | +345% |
| Amounts payable within one year | 42/48 | €14,991 | €68,705 | +€53,714 | +358% |
| Trade debts | 44 | €2,458 | €715 | -€1,744 | -70.9% |
| Suppliers | 440/4 | €2,458 | €715 | -€1,744 | -70.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,533 | €67,991 | +€55,458 | +442% |
| Taxes | 450/3 | €12,533 | €65,422 | +€52,888 | +422% |
| Remuneration and social security | 454/9 | €0 | €2,569 | +€2,569 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €483 | €175 | -€308 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,366 | €5,385 | +€1,019 | +23.4% |
| Other operating charges | 640/8 | €1,400 | €909 | -€491 | -35.0% |
| Gross operating margin | 9900 | €48,070 | €113,015 | +€64,945 | +135% |
| Operating profit (loss) | 9901 | €42,304 | €106,720 | +€64,416 | +152% |
| Financial income | 75/76B | €1,238 | €3,720 | +€2,483 | +201% |
| Recurring financial income | 75 | €1,238 | €3,720 | +€2,483 | +201% |
| Financial charges | 65/66B | €500 | €191 | -€309 | -61.8% |
| Recurring financial charges | 65 | €500 | €191 | -€309 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €43,042 | €110,250 | +€67,208 | +156% |
| Income taxes | 67/77 | €7,187 | €38,299 | +€31,113 | +433% |
| Profit (loss) for the period | 9904 | €35,855 | €71,950 | +€36,095 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €35,855 | €71,950 | +€36,095 | +101% |
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 13 October 2026 via checked.be.