CUBIGLACE: what changed
What changed
CUBIGLACE
NACE 10.520, Manufacture of food products
filed annual accounts (NBB)
Net result for the year
-€120,499
2024 · -€116,751-€3,749
Equity
-€144,657
2024 · -€24,158-€120,499
Cash
€4,048
2024 · €619+€3,429
Balance sheet total
€1.2m
2024 · €1.6m-€420,069
Largest movements
Assets
- Receivables within one year -€325,211
down €325,211 (-82.3%), from €394,920 to €69,709
of which Trade receivables: -€320,041
- Tangible fixed assets -€63,934
down €63,934 (-6.0%), from €1.1m to €996,204
of which Land and buildings: -€52,805
- Stocks and contracts -€49,257
down €49,257 (-37.4%), from €131,877 to €82,620
Equity and liabilities
- Other debts -€192,721
down €192,721 (-93.4%), from €206,414 to €13,694
- Profit (loss) carried forward -€120,499
down €120,499 (-8.9%), from -€1.4m to -€1.5m
- Current portion of long-term debt -€89,045
down €89,045 (-52.9%), from €168,458 to €79,413
- Debts after one year +€30,345
up €30,345 (+4.2%), from €717,931 to €748,276
- Trade debts -€24,559
down €24,559 (-18.6%), from €132,384 to €107,825
Income statement
- Financial charges -€13,297
down €13,297 (-19.4%), from €68,706 to €55,409
- Gross operating margin -€7,872
down €7,872 (-8.7%), from €90,416 to €82,544
- Other operating charges +€6,882
up €6,882 (+29.7%), from €23,177 to €30,060
- Depreciation +€4,538
up €4,538 (+7.4%), from €61,196 to €65,734
- Staff costs -€2,547
down €2,547 (-4.7%), from €54,241 to €51,695
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€116,751
Gross operating margin
-€7,872
Staff costs
+€2,547
Depreciation
-€4,538
Other operating charges
-€6,882
Financial income
-€300
Financial charges
+€13,297
Taxes
-€0
Result 2025
-€120,499
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€80,912
Investment
-€1,800
Financing
-€75,682
Cash 2024
€619
From operations (derived)
+€80,912
Net result for the year
-€120,499
Depreciation
+€65,734
Stocks and contracts
+€49,257
Receivables within one year
+€325,211
Deferred charges and accrued income
-€14,903
Trade debts
-€24,559
Tax, wage and social debts
+€571
Other debts
-€192,721
Accrued charges and deferred income
-€7,179
Investment (derived)
-€1,800
Investment in fixed assets (net)
-€1,800
Financing
-€75,682
Debts after one year
+€30,345
Current portion of long-term debt
-€89,045
Short-term financial debts
-€16,983
Cash 2025
€4,048
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,587,610 | €1,167,541 | -€420,069 | -26.5% |
| Fixed assets | 21/28 | €1,060,138 | €996,204 | -€63,934 | -6.0% |
| Tangible fixed assets | 22/27 | €1,060,138 | €996,204 | -€63,934 | -6.0% |
| Land and buildings | 22 | €1,014,229 | €961,424 | -€52,805 | -5.2% |
| Plant, machinery and equipment | 23 | €45,427 | €34,539 | -€10,888 | -24.0% |
| Furniture and vehicles | 24 | €481 | €241 | -€241 | -50.0% |
| Current assets | 29/58 | €527,473 | €171,337 | -€356,136 | -67.5% |
| Stocks and contracts in progress | 3 | €131,877 | €82,620 | -€49,257 | -37.4% |
| Stocks | 30/36 | €131,877 | €82,620 | -€49,257 | -37.4% |
| Amounts receivable within one year | 40/41 | €394,920 | €69,709 | -€325,211 | -82.3% |
| Trade receivables | 40 | €373,472 | €53,431 | -€320,041 | -85.7% |
| Other amounts receivable | 41 | €21,448 | €16,278 | -€5,170 | -24.1% |
| Cash at bank and in hand | 54/58 | €619 | €4,048 | +€3,429 | +554% |
| Deferred charges and accrued income | 490/1 | €57 | €14,959 | +€14,903 | +26,177% |
| Total equity and liabilities | 10/49 | €1,587,610 | €1,167,541 | -€420,069 | -26.5% |
| Equity | 10/15 | -€24,158 | -€144,657 | -€120,499 | -499% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €536,523 | €520,217 | -€16,306 | -3.0% |
| Reserves | 13 | €545,450 | €561,756 | +€16,306 | +3.0% |
| Non-distributable reserves | 130/1 | €8,971 | €8,971 | = | 0.0% |
| Legal reserve | 130 | €8,971 | €8,971 | = | 0.0% |
| Tax-exempt reserves | 132 | €345,145 | €345,145 | = | 0.0% |
| Distributable reserves | 133 | €191,334 | €207,640 | +€16,306 | +8.5% |
| Profit (loss) carried forward | 14 | -€1,356,130 | -€1,476,630 | -€120,499 | -8.9% |
| Amounts payable | 17/49 | €1,611,768 | €1,312,198 | -€299,570 | -18.6% |
| Amounts payable after more than one year | 17 | €717,931 | €748,276 | +€30,345 | +4.2% |
| Financial debts | 170/4 | €717,931 | €748,276 | +€30,345 | +4.2% |
| Amounts payable within one year | 42/48 | €886,658 | €563,922 | -€322,736 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €168,458 | €79,413 | -€89,045 | -52.9% |
| Financial debts | 43 | €367,143 | €350,160 | -€16,983 | -4.6% |
| Credit institutions | 430/8 | €367,143 | €350,160 | -€16,983 | -4.6% |
| Trade debts | 44 | €132,384 | €107,825 | -€24,559 | -18.6% |
| Suppliers | 440/4 | €132,384 | €107,825 | -€24,559 | -18.6% |
| Taxes, remuneration and social security | 45 | €12,259 | €12,830 | +€571 | +4.7% |
| Taxes | 450/3 | €2,584 | €2,780 | +€196 | +7.6% |
| Remuneration and social security | 454/9 | €9,675 | €10,050 | +€375 | +3.9% |
| Other amounts payable | 47/48 | €206,414 | €13,694 | -€192,721 | -93.4% |
| Accrued charges and deferred income | 492/3 | €7,179 | €0 | -€7,179 | -100% |
| Remuneration, social security and pensions | 62 | €54,241 | €51,695 | -€2,547 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,196 | €65,734 | +€4,538 | +7.4% |
| Other operating charges | 640/8 | €23,177 | €30,060 | +€6,882 | +29.7% |
| Gross operating margin | 9900 | €90,416 | €82,544 | -€7,872 | -8.7% |
| Operating profit (loss) | 9901 | -€48,199 | -€64,944 | -€16,745 | -34.7% |
| Financial income | 75/76B | €331 | €30 | -€300 | -90.9% |
| Recurring financial income | 75 | €331 | €30 | -€300 | -90.9% |
| Financial charges | 65/66B | €68,706 | €55,409 | -€13,297 | -19.4% |
| Recurring financial charges | 65 | €68,706 | €55,409 | -€13,297 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€116,574 | -€120,322 | -€3,748 | -3.2% |
| Income taxes | 67/77 | €176 | €177 | +€0 | +0.3% |
| Profit (loss) for the period | 9904 | -€116,751 | -€120,499 | -€3,749 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,751 | -€120,499 | -€3,749 | -3.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.