CUBICOM: 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.
CUBICOM
Largest movements
- Cash -€38,751
down €38,751 (-13.0%), from €298,609 to €259,858
mainly Contributions, distributions and other (-€43,655) and Receivables within one year (-€37,181)
- Receivables within one year +€37,181
up €37,181 (+156.7%), from €23,722 to €60,904
of which Trade receivables: +€36,933
- Tangible fixed assets -€14,143
down €14,143 (-28.1%), from €50,285 to €36,141
of which Furniture and vehicles: -€15,520
- Other debts -€29,350
down €29,350 (-86.7%), from €33,857 to €4,507
- Reserves +€25,878
up €25,878 (+10.1%), from €255,928 to €281,806
- Debts after one year -€16,943
down €16,943 (-67.2%), from €25,217 to €8,274
- Tax, wage and social debts +€6,634
up €6,634 (+27.0%), from €24,558 to €31,192
- Gross operating margin -€2,611
down €2,611 (-2.2%), from €119,813 to €117,202
- Depreciation +€1,273
up €1,273 (+6.8%), from €18,620 to €19,893
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 | €373,537 | €357,847 | -€15,690 | -4.2% |
| Fixed assets | 21/28 | €50,285 | €36,141 | -€14,143 | -28.1% |
| Tangible fixed assets | 22/27 | €50,285 | €36,141 | -€14,143 | -28.1% |
| Plant, machinery and equipment | 23 | €4,669 | €6,594 | +€1,925 | +41.2% |
| Furniture and vehicles | 24 | €40,389 | €24,870 | -€15,520 | -38.4% |
| Other tangible fixed assets | 26 | €5,227 | €4,678 | -€549 | -10.5% |
| Current assets | 29/58 | €323,252 | €321,706 | -€1,547 | -0.5% |
| Amounts receivable within one year | 40/41 | €23,722 | €60,904 | +€37,181 | +156.7% |
| Trade receivables | 40 | €23,722 | €60,656 | +€36,933 | +155.7% |
| Other amounts receivable | 41 | - | €248 | +€248 | |
| Cash at bank and in hand | 54/58 | €298,609 | €259,858 | -€38,751 | -13.0% |
| Deferred charges and accrued income | 490/1 | €921 | €944 | +€23 | +2.5% |
| Total equity and liabilities | 10/49 | €373,537 | €357,847 | -€15,690 | -4.2% |
| Equity | 10/15 | €268,328 | €294,206 | +€25,878 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €255,928 | €281,806 | +€25,878 | +10.1% |
| Distributable reserves | 133 | €255,928 | €281,806 | +€25,878 | +10.1% |
| Amounts payable | 17/49 | €105,210 | €63,641 | -€41,568 | -39.5% |
| Amounts payable after more than one year | 17 | €25,217 | €8,274 | -€16,943 | -67.2% |
| Financial debts | 170/4 | €25,217 | €8,274 | -€16,943 | -67.2% |
| Amounts payable within one year | 42/48 | €79,993 | €55,367 | -€24,625 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €16,564 | €16,943 | +€379 | +2.3% |
| Trade debts | 44 | €5,014 | €2,726 | -€2,288 | -45.6% |
| Suppliers | 440/4 | €5,014 | €2,726 | -€2,288 | -45.6% |
| Taxes, remuneration and social security | 45 | €24,558 | €31,192 | +€6,634 | +27.0% |
| Taxes | 450/3 | €24,558 | €31,192 | +€6,634 | +27.0% |
| Other amounts payable | 47/48 | €33,857 | €4,507 | -€29,350 | -86.7% |
| Non-recurring operating income | 76A | €1,736 | - | -€1,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,620 | €19,893 | +€1,273 | +6.8% |
| Other operating charges | 640/8 | €977 | €944 | -€34 | -3.5% |
| Non-recurring operating charges | 66A | - | €583 | +€583 | |
| Gross operating margin | 9900 | €119,813 | €117,202 | -€2,611 | -2.2% |
| Operating profit (loss) | 9901 | €100,215 | €95,783 | -€4,432 | -4.4% |
| Financial income | 75/76B | €1,579 | €2,701 | +€1,122 | +71.1% |
| Recurring financial income | 75 | €1,579 | €2,701 | +€1,122 | +71.1% |
| Financial charges | 65/66B | €1,549 | €1,445 | -€104 | -6.7% |
| Recurring financial charges | 65 | €1,549 | €1,445 | -€104 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €100,245 | €97,040 | -€3,206 | -3.2% |
| Income taxes | 67/77 | €28,507 | €27,506 | -€1,001 | -3.5% |
| Profit (loss) for the period | 9904 | €71,738 | €69,534 | -€2,205 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,738 | €69,534 | -€2,205 | -3.1% |
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.