Cubitec: 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.
Cubitec
Largest movements
- Intangible fixed assets +€127,597
up €127,597 (+80.6%), from €158,297 to €285,894
- Receivables within one year +€78,016
up €78,016 (+23.2%), from €335,610 to €413,626
of which Trade receivables: +€136,519
- Deferred charges and accrued income +€8,992
up €8,992 (+117.5%), from €7,655 to €16,647
- Current portion of long-term debt -€97,408
down €97,408 (-73.8%), from €131,989 to €34,580
- Reserves +€94,599
up €94,599 (+54.0%), from €175,305 to €269,904
- Accrued charges and deferred income +€92,129
new in 2025: €92,129
- Trade debts +€74,375
up €74,375 (+24.6%), from €302,089 to €376,463
- Tax, wage and social debts +€40,289
up €40,289, from €0 to €40,289
of which Taxes: +€40,289
- Gross operating margin +€128,697
up €128,697 (+164.9%), from €78,033 to €206,730
- Financial charges +€29,245
up €29,245 (+1086.9%), from €2,691 to €31,935
- Staff costs +€24,431
up €24,431, from -€24,215 to €216
- Depreciation +€24,200
up €24,200 (+115.7%), from €20,923 to €45,123
- Taxes +€16,367
up €16,367 (+159.0%), from €10,291 to €26,658
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 | €636,734 | €842,833 | +€206,099 | +32.4% |
| Fixed assets | 21/28 | €179,806 | €305,826 | +€126,020 | +70.1% |
| Intangible fixed assets | 21 | €158,297 | €285,894 | +€127,597 | +80.6% |
| Tangible fixed assets | 22/27 | €12,789 | €11,012 | -€1,777 | -13.9% |
| Furniture and vehicles | 24 | €8,671 | €9,258 | +€587 | +6.8% |
| Other tangible fixed assets | 26 | €4,118 | €1,755 | -€2,364 | -57.4% |
| Financial fixed assets | 28 | €8,720 | €8,920 | +€200 | +2.3% |
| Current assets | 29/58 | €456,928 | €537,007 | +€80,079 | +17.5% |
| Amounts receivable within one year | 40/41 | €335,610 | €413,626 | +€78,016 | +23.2% |
| Trade receivables | 40 | €249,554 | €386,073 | +€136,519 | +54.7% |
| Other amounts receivable | 41 | €86,056 | €27,553 | -€58,503 | -68.0% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,413 | €106,483 | -€6,929 | -6.1% |
| Deferred charges and accrued income | 490/1 | €7,655 | €16,647 | +€8,992 | +117.5% |
| Total equity and liabilities | 10/49 | €636,734 | €842,833 | +€206,099 | +32.4% |
| Equity | 10/15 | €200,305 | €294,904 | +€94,599 | +47.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €175,305 | €269,904 | +€94,599 | +54.0% |
| Distributable reserves | 133 | €175,305 | €269,904 | +€94,599 | +54.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €436,429 | €547,929 | +€111,500 | +25.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €436,429 | €455,800 | +€19,371 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €131,989 | €34,580 | -€97,408 | -73.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €302,089 | €376,463 | +€74,375 | +24.6% |
| Suppliers | 440/4 | €302,089 | €376,463 | +€74,375 | +24.6% |
| Taxes, remuneration and social security | 45 | €0 | €40,289 | +€40,289 | |
| Taxes | 450/3 | €0 | €40,289 | +€40,289 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,352 | €4,467 | +€2,116 | +90.0% |
| Accrued charges and deferred income | 492/3 | - | €92,129 | +€92,129 | |
| Remuneration, social security and pensions | 62 | -€24,215 | €216 | +€24,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,923 | €45,123 | +€24,200 | +115.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,716 | +€6,716 | |
| Other operating charges | 640/8 | €1,022 | €8,852 | +€7,830 | +766.4% |
| Gross operating margin | 9900 | €78,033 | €206,730 | +€128,697 | +164.9% |
| Operating profit (loss) | 9901 | €80,303 | €145,824 | +€65,521 | +81.6% |
| Financial income | 75/76B | €303 | €7,368 | +€7,065 | +2331.6% |
| Recurring financial income | 75 | €303 | €7,368 | +€7,065 | +2331.6% |
| Financial charges | 65/66B | €2,691 | €31,935 | +€29,245 | +1086.9% |
| Recurring financial charges | 65 | €2,691 | €31,935 | +€29,245 | +1086.9% |
| Profit (loss) for the period before taxes | 9903 | €77,916 | €121,257 | +€43,341 | +55.6% |
| Income taxes | 67/77 | €10,291 | €26,658 | +€16,367 | +159.0% |
| Profit (loss) for the period | 9904 | €67,625 | €94,599 | +€26,974 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,625 | €94,599 | +€26,974 | +39.9% |
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 8 October 2026 via checked.be.