Cubiles: 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.
Cubiles
Largest movements
- Tangible fixed assets -€116,469
down €116,469 (-8.0%), from €1.5m to €1.3m
of which Land and buildings: -€137,328
- Debts after one year -€112,644
down €112,644 (-7.8%), from €1.5m to €1.3m
of which Financial debts: -€114,270
- Gross operating margin +€7,663
up €7,663 (+4.3%), from €176,259 to €183,922
- Depreciation +€3,670
up €3,670 (+2.6%), from €143,650 to €147,321
- Financial charges -€3,057
down €3,057 (-11.7%), from €26,232 to €23,175
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 | €1,512,517 | €1,395,215 | -€117,302 | -7.8% |
| Fixed assets | 21/28 | €1,463,625 | €1,347,156 | -€116,469 | -8.0% |
| Tangible fixed assets | 22/27 | €1,463,625 | €1,347,156 | -€116,469 | -8.0% |
| Land and buildings | 22 | €1,432,407 | €1,295,079 | -€137,328 | -9.6% |
| Plant, machinery and equipment | 23 | €31,218 | €48,198 | +€16,980 | +54.4% |
| Furniture and vehicles | 24 | - | €3,879 | +€3,879 | |
| Current assets | 29/58 | €48,893 | €48,059 | -€834 | -1.7% |
| Cash at bank and in hand | 54/58 | €44,466 | €44,610 | +€144 | +0.3% |
| Deferred charges and accrued income | 490/1 | €4,427 | €3,449 | -€978 | -22.1% |
| Total equity and liabilities | 10/49 | €1,512,517 | €1,395,215 | -€117,302 | -7.8% |
| Equity | 10/15 | -€202,966 | -€206,966 | -€4,000 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,566 | -€225,566 | -€4,000 | -1.8% |
| Amounts payable | 17/49 | €1,715,483 | €1,602,181 | -€113,302 | -6.6% |
| Amounts payable after more than one year | 17 | €1,451,894 | €1,339,250 | -€112,644 | -7.8% |
| Financial debts | 170/4 | €881,743 | €767,473 | -€114,270 | -13.0% |
| Other amounts payable | 178/9 | €570,151 | €571,777 | +€1,626 | +0.3% |
| Amounts payable within one year | 42/48 | €260,907 | €259,018 | -€1,889 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €112,468 | €114,270 | +€1,802 | +1.6% |
| Trade debts | 44 | €4,127 | €3,277 | -€851 | -20.6% |
| Suppliers | 440/4 | €4,127 | €3,277 | -€851 | -20.6% |
| Other amounts payable | 47/48 | €144,312 | €141,471 | -€2,841 | -2.0% |
| Accrued charges and deferred income | 492/3 | €2,682 | €3,913 | +€1,231 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,650 | €147,321 | +€3,670 | +2.6% |
| Other operating charges | 640/8 | €16,897 | €17,426 | +€529 | +3.1% |
| Gross operating margin | 9900 | €176,259 | €183,922 | +€7,663 | +4.3% |
| Operating profit (loss) | 9901 | €15,711 | €19,175 | +€3,464 | +22.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €26,232 | €23,175 | -€3,057 | -11.7% |
| Recurring financial charges | 65 | €26,232 | €23,175 | -€3,057 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,521 | -€4,000 | +€6,521 | +62.0% |
| Profit (loss) for the period | 9904 | -€10,521 | -€4,000 | +€6,521 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,521 | -€4,000 | +€6,521 | +62.0% |
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 2 October 2026 via checked.be.