Cubicus: 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.
Cubicus
Largest movements
- Tangible fixed assets -€257,775
no longer reported in 2025 (was €257,775)
- Cash -€8,280
down €8,280 (-16.6%), from €49,957 to €41,677
mainly Debts after one year (-€268,996) and Contributions, distributions and other (-€70,000)
- Debts after one year -€268,996
down €268,996 (-88.5%), from €303,996 to €35,000
of which Financial debts: -€213,996
- Other debts +€16,861
up €16,861 (+523.1%), from €3,223 to €20,085
- Current portion of long-term debt -€14,918
no longer reported in 2025 (was €14,918)
- Depreciation -€44,500
no longer reported in 2025 (was €44,500)
- Gross operating margin +€30,292
up €30,292 (+46.4%), from €65,269 to €95,561
- Taxes +€20,400
new in 2025: €20,400
- Financial charges +€1,330
up €1,330 (+40.4%), from €3,291 to €4,621
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 | €325,848 | €58,209 | -€267,639 | -82.1% |
| Fixed assets | 21/28 | €257,775 | - | -€257,775 | |
| Tangible fixed assets | 22/27 | €257,775 | - | -€257,775 | |
| Land and buildings | 22 | €257,775 | - | -€257,775 | |
| Current assets | 29/58 | €68,072 | €58,209 | -€9,863 | -14.5% |
| Amounts receivable within one year | 40/41 | €14,741 | €14,247 | -€494 | -3.4% |
| Trade receivables | 40 | €14,741 | €12,147 | -€2,594 | -17.6% |
| Other amounts receivable | 41 | - | €2,100 | +€2,100 | |
| Cash at bank and in hand | 54/58 | €49,957 | €41,677 | -€8,280 | -16.6% |
| Deferred charges and accrued income | 490/1 | €3,375 | €2,286 | -€1,089 | -32.3% |
| Total equity and liabilities | 10/49 | €325,848 | €58,209 | -€267,639 | -82.1% |
| Equity | 10/15 | €2,312 | €1,048 | -€1,265 | -54.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,312 | €48 | -€1,265 | -96.4% |
| Amounts payable | 17/49 | €323,535 | €57,161 | -€266,374 | -82.3% |
| Amounts payable after more than one year | 17 | €303,996 | €35,000 | -€268,996 | -88.5% |
| Financial debts | 170/4 | €213,996 | - | -€213,996 | |
| Other amounts payable | 178/9 | €90,000 | €35,000 | -€55,000 | -61.1% |
| Amounts payable within one year | 42/48 | €19,539 | €22,161 | +€2,622 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €14,918 | - | -€14,918 | |
| Trade debts | 44 | €741 | €1,202 | +€461 | +62.2% |
| Suppliers | 440/4 | €741 | €1,202 | +€461 | +62.2% |
| Taxes, remuneration and social security | 45 | €656 | €874 | +€218 | +33.2% |
| Taxes | 450/3 | €656 | €874 | +€218 | +33.2% |
| Other amounts payable | 47/48 | €3,223 | €20,085 | +€16,861 | +523.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,500 | - | -€44,500 | |
| Other operating charges | 640/8 | €1,610 | €1,805 | +€196 | +12.1% |
| Gross operating margin | 9900 | €65,269 | €95,561 | +€30,292 | +46.4% |
| Operating profit (loss) | 9901 | €19,159 | €93,756 | +€74,597 | +389.3% |
| Financial charges | 65/66B | €3,291 | €4,621 | +€1,330 | +40.4% |
| Recurring financial charges | 65 | €3,291 | €4,621 | +€1,330 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €15,869 | €89,135 | +€73,266 | +461.7% |
| Income taxes | 67/77 | - | €20,400 | +€20,400 | |
| Profit (loss) for the period | 9904 | €15,869 | €68,735 | +€52,866 | +333.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,869 | €68,735 | +€52,866 | +333.1% |
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 6 October 2026 via checked.be.