CUBICARE: 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.
CUBICARE
Largest movements
- Cash +€283,374
up €283,374 (+271.9%), from €104,227 to €387,601
mainly Debts after one year (+€349,478) and Receivables within one year (+€91,846)
- Receivables after one year +€250,000
new in 2025: €250,000
- Receivables within one year -€91,846
down €91,846 (-36.4%), from €252,332 to €160,486
of which Other amounts receivable: -€144,842
- Deferred charges and accrued income +€8,387
up €8,387 (+221.6%), from €3,785 to €12,172
- Debts after one year +€349,478
new in 2025: €349,478
- Reserves +€51,520
up €51,520 (+59.7%), from €86,309 to €137,829
- Tax, wage and social debts +€45,422
up €45,422 (+59.7%), from €76,110 to €121,532
of which Taxes: +€29,175
- Current portion of long-term debt +€32,573
up €32,573 (+93.1%), from €35,000 to €67,573
- Trade debts -€31,699
down €31,699 (-21.8%), from €145,201 to €113,502
- Staff costs +€212,026
up €212,026 (+129.5%), from €163,776 to €375,801
- Gross operating margin +€150,128
up €150,128 (+47.4%), from €316,430 to €466,558
- Taxes -€12,486
down €12,486 (-30.5%), from €40,937 to €28,451
- Financial charges +€10,848
up €10,848 (+1094.7%), from €991 to €11,838
- Financial income +€8,852
up €8,852 (+10931.5%), from €81 to €8,933
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 | €384,091 | €830,569 | +€446,477 | +116.2% |
| Fixed assets | 21/28 | €23,747 | €19,828 | -€3,919 | -16.5% |
| Intangible fixed assets | 21 | €19,826 | €17,281 | -€2,545 | -12.8% |
| Tangible fixed assets | 22/27 | €3,621 | €2,247 | -€1,374 | -38.0% |
| Plant, machinery and equipment | 23 | €1,120 | €824 | -€296 | -26.4% |
| Furniture and vehicles | 24 | €2,501 | €1,422 | -€1,078 | -43.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €360,344 | €810,741 | +€450,397 | +125.0% |
| Amounts receivable after more than one year | 29 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Amounts receivable within one year | 40/41 | €252,332 | €160,486 | -€91,846 | -36.4% |
| Trade receivables | 40 | €102,553 | €155,550 | +€52,996 | +51.7% |
| Other amounts receivable | 41 | €149,778 | €4,936 | -€144,842 | -96.7% |
| Current investments | 50/53 | - | €482 | +€482 | |
| Cash at bank and in hand | 54/58 | €104,227 | €387,601 | +€283,374 | +271.9% |
| Deferred charges and accrued income | 490/1 | €3,785 | €12,172 | +€8,387 | +221.6% |
| Total equity and liabilities | 10/49 | €384,091 | €830,569 | +€446,477 | +116.2% |
| Equity | 10/15 | €126,309 | €177,829 | +€51,520 | +40.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €86,309 | €137,829 | +€51,520 | +59.7% |
| Distributable reserves | 133 | €86,309 | €137,829 | +€51,520 | +59.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €257,782 | €652,740 | +€394,957 | +153.2% |
| Amounts payable after more than one year | 17 | - | €349,478 | +€349,478 | |
| Financial debts | 170/4 | - | €349,478 | +€349,478 | |
| Amounts payable within one year | 42/48 | €257,782 | €303,262 | +€45,479 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €67,573 | +€32,573 | +93.1% |
| Financial debts | 43 | €1,372 | €654 | -€717 | -52.3% |
| Credit institutions | 430/8 | €1,372 | €654 | -€717 | -52.3% |
| Trade debts | 44 | €145,201 | €113,502 | -€31,699 | -21.8% |
| Suppliers | 440/4 | €145,201 | €113,502 | -€31,699 | -21.8% |
| Taxes, remuneration and social security | 45 | €76,110 | €121,532 | +€45,422 | +59.7% |
| Taxes | 450/3 | €42,941 | €72,116 | +€29,175 | +67.9% |
| Remuneration and social security | 454/9 | €33,169 | €49,416 | +€16,247 | +49.0% |
| Other amounts payable | 47/48 | €99 | €0 | -€99 | -100.0% |
| Remuneration, social security and pensions | 62 | €163,776 | €375,801 | +€212,026 | +129.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,755 | €3,919 | +€164 | +4.4% |
| Other operating charges | 640/8 | €628 | €3,961 | +€3,333 | +531.2% |
| Gross operating margin | 9900 | €316,430 | €466,558 | +€150,128 | +47.4% |
| Operating profit (loss) | 9901 | €148,272 | €82,876 | -€65,396 | -44.1% |
| Financial income | 75/76B | €81 | €8,933 | +€8,852 | +10931.5% |
| Recurring financial income | 75 | €81 | €8,933 | +€8,852 | +10931.5% |
| Financial charges | 65/66B | €991 | €11,838 | +€10,848 | +1094.7% |
| Recurring financial charges | 65 | €991 | €11,838 | +€10,848 | +1094.7% |
| Profit (loss) for the period before taxes | 9903 | €147,362 | €79,971 | -€67,391 | -45.7% |
| Income taxes | 67/77 | €40,937 | €28,451 | -€12,486 | -30.5% |
| Profit (loss) for the period | 9904 | €106,425 | €51,520 | -€54,905 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,425 | €51,520 | -€54,905 | -51.6% |
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 4 October 2026 via checked.be.