CUBICIMMO: 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.
CUBICIMMO
Largest movements
- Receivables within one year +€27,187
up €27,187 (+24.5%), from €111,046 to €138,232
of which Other amounts receivable: +€33,543
- Receivables after one year -€10,000
down €10,000 (-24.5%), from €40,789 to €30,789
- Cash -€7,914
down €7,914 (-51.6%), from €15,333 to €7,419
mainly Receivables within one year (-€27,187) and Other debts (-€20,000)
- Tangible fixed assets -€1,915
down €1,915 (-14.1%), from €13,575 to €11,660
of which Other tangible fixed assets: -€2,210
- Reserves +€20,000
up €20,000 (+47.1%), from €42,460 to €62,460
- Other debts -€20,000
no longer reported in 2023 (was €20,000)
- Profit (loss) carried forward +€14,221
up €14,221 (+38.1%), from €37,373 to €51,593
- Debts after one year -€6,218
down €6,218 (-85.6%), from €7,266 to €1,048
- Current portion of long-term debt -€4,071
down €4,071 (-39.6%), from €10,289 to €6,218
- Gross operating margin -€40,985
down €40,985 (-35.9%), from €114,116 to €73,131
- Financial income -€2,562
down €2,562 (-99.9%), from €2,565 to €3
- Other operating charges +€1,896
up €1,896 (+14.7%), from €12,867 to €14,762
- Taxes -€1,875
down €1,875 (-9.1%), from €20,700 to €18,825
- Staff costs +€1,505
no longer reported in 2023 (was -€1,505)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,743 | €188,166 | +€7,423 | +4.1% |
| Fixed assets | 21/28 | €13,575 | €11,660 | -€1,915 | -14.1% |
| Tangible fixed assets | 22/27 | €13,575 | €11,660 | -€1,915 | -14.1% |
| Furniture and vehicles | 24 | €2,271 | €2,566 | +€295 | +13.0% |
| Other tangible fixed assets | 26 | €11,304 | €9,094 | -€2,210 | -19.5% |
| Current assets | 29/58 | €167,168 | €176,506 | +€9,338 | +5.6% |
| Amounts receivable after more than one year | 29 | €40,789 | €30,789 | -€10,000 | -24.5% |
| Other amounts receivable | 291 | €40,789 | €30,789 | -€10,000 | -24.5% |
| Amounts receivable within one year | 40/41 | €111,046 | €138,232 | +€27,187 | +24.5% |
| Trade receivables | 40 | €20,903 | €14,547 | -€6,357 | -30.4% |
| Other amounts receivable | 41 | €90,142 | €123,685 | +€33,543 | +37.2% |
| Cash at bank and in hand | 54/58 | €15,333 | €7,419 | -€7,914 | -51.6% |
| Deferred charges and accrued income | 490/1 | - | €66 | +€66 | |
| Total equity and liabilities | 10/49 | €180,743 | €188,166 | +€7,423 | +4.1% |
| Equity | 10/15 | €98,432 | €132,653 | +€34,221 | +34.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,460 | €62,460 | +€20,000 | +47.1% |
| Non-distributable reserves | 130/1 | €42,460 | €62,460 | +€20,000 | +47.1% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €40,600 | €60,600 | +€20,000 | +49.3% |
| Profit (loss) carried forward | 14 | €37,373 | €51,593 | +€14,221 | +38.1% |
| Amounts payable | 17/49 | €82,310 | €55,513 | -€26,797 | -32.6% |
| Amounts payable after more than one year | 17 | €7,266 | €1,048 | -€6,218 | -85.6% |
| Financial debts | 170/4 | €7,266 | €1,048 | -€6,218 | -85.6% |
| Amounts payable within one year | 42/48 | €75,044 | €54,465 | -€20,579 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €10,289 | €6,218 | -€4,071 | -39.6% |
| Trade debts | 44 | €21,736 | €22,392 | +€656 | +3.0% |
| Suppliers | 440/4 | €21,736 | €22,392 | +€656 | +3.0% |
| Taxes, remuneration and social security | 45 | €23,019 | €25,855 | +€2,836 | +12.3% |
| Taxes | 450/3 | €22,669 | €25,505 | +€2,836 | +12.5% |
| Remuneration and social security | 454/9 | €350 | €350 | = | 0.0% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | -€1,505 | - | +€1,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,575 | €5,028 | -€547 | -9.8% |
| Other operating charges | 640/8 | €12,867 | €14,762 | +€1,896 | +14.7% |
| Gross operating margin | 9900 | €114,116 | €73,131 | -€40,985 | -35.9% |
| Operating profit (loss) | 9901 | €97,179 | €53,341 | -€43,838 | -45.1% |
| Financial income | 75/76B | €2,565 | €3 | -€2,562 | -99.9% |
| Recurring financial income | 75 | €2,565 | €3 | -€2,562 | -99.9% |
| Financial charges | 65/66B | €1,672 | €299 | -€1,372 | -82.1% |
| Recurring financial charges | 65 | €1,672 | €299 | -€1,372 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €98,073 | €53,045 | -€45,027 | -45.9% |
| Income taxes | 67/77 | €20,700 | €18,825 | -€1,875 | -9.1% |
| Profit (loss) for the period | 9904 | €77,373 | €34,221 | -€43,152 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,373 | €34,221 | -€43,152 | -55.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.