CUBIK: 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.
CUBIK
Largest movements
- Stocks and contracts +€110,683
up €110,683 (+213%), from €51,953 to €162,635
- Receivables within one year +€67,731
up €67,731 (+30.8%), from €219,808 to €287,539
of which Trade receivables: +€40,231
- Tangible fixed assets -€25,251
down €25,251 (-11.4%), from €221,934 to €196,683
of which Leasing and similar rights: -€25,925
- Cash -€14,461
no longer reported in 2025 (was €14,461)
mainly Stocks and contracts (-€110,683) and Receivables within one year (-€67,731)
- Trade debts +€153,400
up €153,400 (+170%), from €90,395 to €243,794
- Debts after one year -€41,098
down €41,098 (-68.9%), from €59,653 to €18,556
- Profit (loss) carried forward -€33,830
down €33,830, from €6,900 to -€26,930
- Other debts +€30,381
up €30,381 (+43.0%), from €70,679 to €101,060
- Short-term financial debts +€25,000
up €25,000 (+33.4%), from €74,961 to €99,961
- Staff costs +€95,478
up €95,478 (+50.9%), from €187,698 to €283,177
- Gross operating margin -€48,827
down €48,827 (-14.0%), from €348,478 to €299,651
- Taxes -€27,728
no longer reported in 2025 (was €27,728)
- Financial charges -€8,467
down €8,467 (-52.0%), from €16,266 to €7,800
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.
Derived cash bridge
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 | €527,034 | €665,711 | +€138,678 | +26.3% |
| Fixed assets | 21/28 | €236,934 | €211,983 | -€24,951 | -10.5% |
| Tangible fixed assets | 22/27 | €221,934 | €196,683 | -€25,251 | -11.4% |
| Plant, machinery and equipment | 23 | €27,615 | €37,116 | +€9,501 | +34.4% |
| Furniture and vehicles | 24 | €6,220 | - | -€6,220 | |
| Leasing and similar rights | 25 | €169,192 | €143,267 | -€25,925 | -15.3% |
| Other tangible fixed assets | 26 | €18,907 | €16,300 | -€2,607 | -13.8% |
| Financial fixed assets | 28 | €15,000 | €15,300 | +€300 | +2.0% |
| Current assets | 29/58 | €290,099 | €453,728 | +€163,629 | +56.4% |
| Stocks and contracts in progress | 3 | €51,953 | €162,635 | +€110,683 | +213% |
| Stocks | 30/36 | €51,953 | €162,635 | +€110,683 | +213% |
| Amounts receivable within one year | 40/41 | €219,808 | €287,539 | +€67,731 | +30.8% |
| Trade receivables | 40 | €207,446 | €247,677 | +€40,231 | +19.4% |
| Other amounts receivable | 41 | €12,362 | €39,862 | +€27,500 | +222% |
| Cash at bank and in hand | 54/58 | €14,461 | - | -€14,461 | |
| Deferred charges and accrued income | 490/1 | €3,878 | €3,554 | -€324 | -8.4% |
| Total equity and liabilities | 10/49 | €527,034 | €665,711 | +€138,678 | +26.3% |
| Equity | 10/15 | €162,028 | €128,198 | -€33,830 | -20.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €130,128 | €130,128 | = | 0.0% |
| Distributable reserves | 133 | €130,128 | €130,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,900 | -€26,930 | -€33,830 | |
| Amounts payable | 17/49 | €365,006 | €537,513 | +€172,508 | +47.3% |
| Amounts payable after more than one year | 17 | €59,653 | €18,556 | -€41,098 | -68.9% |
| Financial debts | 170/4 | €59,653 | €18,556 | -€41,098 | -68.9% |
| Amounts payable within one year | 42/48 | €302,506 | €516,859 | +€214,353 | +70.9% |
| Current portion of amounts payable after more than one year | 42 | €40,691 | €37,722 | -€2,969 | -7.3% |
| Financial debts | 43 | €74,961 | €99,961 | +€25,000 | +33.4% |
| Credit institutions | 430/8 | €74,961 | €99,961 | +€25,000 | +33.4% |
| Trade debts | 44 | €90,395 | €243,794 | +€153,400 | +170% |
| Suppliers | 440/4 | €90,395 | €243,794 | +€153,400 | +170% |
| Taxes, remuneration and social security | 45 | €25,781 | €34,322 | +€8,541 | +33.1% |
| Taxes | 450/3 | €7,375 | €13,557 | +€6,182 | +83.8% |
| Remuneration and social security | 454/9 | €18,406 | €20,765 | +€2,359 | +12.8% |
| Other amounts payable | 47/48 | €70,679 | €101,060 | +€30,381 | +43.0% |
| Accrued charges and deferred income | 492/3 | €2,847 | €2,099 | -€748 | -26.3% |
| Remuneration, social security and pensions | 62 | €187,698 | €283,177 | +€95,478 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,090 | €37,387 | +€296 | +0.8% |
| Other operating charges | 640/8 | €3,039 | €2,204 | -€834 | -27.5% |
| Non-recurring operating charges | 66A | - | €2,914 | +€2,914 | |
| Gross operating margin | 9900 | €348,478 | €299,651 | -€48,827 | -14.0% |
| Operating profit (loss) | 9901 | €120,651 | -€26,030 | -€146,681 | |
| Financial income | 75/76B | €60 | €0 | -€60 | -99.7% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -99.7% |
| Financial charges | 65/66B | €16,266 | €7,800 | -€8,467 | -52.0% |
| Recurring financial charges | 65 | €16,266 | €7,800 | -€8,467 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €104,444 | -€33,830 | -€138,274 | |
| Income taxes | 67/77 | €27,728 | - | -€27,728 | |
| Profit (loss) for the period | 9904 | €76,717 | -€33,830 | -€110,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,717 | -€33,830 | -€110,547 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.