Cubitt: 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.
Cubitt
Largest movements
- Receivables within one year +€12,773
up €12,773 (+48.1%), from €26,547 to €39,320
of which Trade receivables: +€12,471
- Cash +€6,652
up €6,652 (+40.5%), from €16,409 to €23,061
mainly Net result for the year (+€24,048) and Other debts (+€22,167)
- Deferred charges and accrued income +€2,904
new in 2025: €2,904
- Tangible fixed assets -€1,134
down €1,134 (-7.4%), from €15,281 to €14,146
of which Furniture and vehicles: -€1,056
- Other debts +€22,167
up €22,167 (+5,508%), from €402 to €22,569
- Debts after one year -€1,909
down €1,909 (-100%), from €1,909 to €0
- Profit (loss) carried forward +€1,048
new in 2025: €1,048
- Tax, wage and social debts +€972
up €972 (+18.2%), from €5,345 to €6,317
of which Remuneration and social security: +€1,067
- Current portion of long-term debt -€912
down €912 (-32.3%), from €2,821 to €1,909
- Gross operating margin +€17,385
up €17,385 (+76.4%), from €22,748 to €40,133
- Taxes +€3,532
up €3,532 (+61.3%), from €5,766 to €9,298
- Depreciation -€538
down €538 (-14.3%), from €3,761 to €3,223
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 | €58,236 | €79,431 | +€21,195 | +36.4% |
| Fixed assets | 21/28 | €15,281 | €14,146 | -€1,134 | -7.4% |
| Tangible fixed assets | 22/27 | €15,281 | €14,146 | -€1,134 | -7.4% |
| Land and buildings | 22 | €12,053 | €12,493 | +€439 | +3.6% |
| Plant, machinery and equipment | 23 | €2,172 | €1,654 | -€518 | -23.9% |
| Furniture and vehicles | 24 | €1,056 | €0 | -€1,056 | -100% |
| Current assets | 29/58 | €42,955 | €65,285 | +€22,330 | +52.0% |
| Amounts receivable within one year | 40/41 | €26,547 | €39,320 | +€12,773 | +48.1% |
| Trade receivables | 40 | €25,813 | €38,284 | +€12,471 | +48.3% |
| Other amounts receivable | 41 | €734 | €1,036 | +€302 | +41.1% |
| Cash at bank and in hand | 54/58 | €16,409 | €23,061 | +€6,652 | +40.5% |
| Deferred charges and accrued income | 490/1 | - | €2,904 | +€2,904 | |
| Total equity and liabilities | 10/49 | €58,236 | €79,431 | +€21,195 | +36.4% |
| Equity | 10/15 | €38,162 | €39,210 | +€1,048 | +2.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,162 | €35,162 | = | 0.0% |
| Distributable reserves | 133 | €35,162 | €35,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,048 | +€1,048 | |
| Amounts payable | 17/49 | €20,074 | €40,221 | +€20,147 | +100% |
| Amounts payable after more than one year | 17 | €1,909 | €0 | -€1,909 | -100% |
| Financial debts | 170/4 | €1,909 | €0 | -€1,909 | -100% |
| Amounts payable within one year | 42/48 | €18,165 | €40,221 | +€22,056 | +121% |
| Current portion of amounts payable after more than one year | 42 | €2,821 | €1,909 | -€912 | -32.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,597 | €9,426 | -€170 | -1.8% |
| Suppliers | 440/4 | €9,597 | €9,426 | -€170 | -1.8% |
| Taxes, remuneration and social security | 45 | €5,345 | €6,317 | +€972 | +18.2% |
| Taxes | 450/3 | €3,105 | €3,010 | -€95 | -3.1% |
| Remuneration and social security | 454/9 | €2,240 | €3,307 | +€1,067 | +47.6% |
| Other amounts payable | 47/48 | €402 | €22,569 | +€22,167 | +5,508% |
| Non-recurring operating income | 76A | €79 | - | -€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,761 | €3,223 | -€538 | -14.3% |
| Other operating charges | 640/8 | €932 | €1,257 | +€325 | +34.8% |
| Gross operating margin | 9900 | €22,748 | €40,133 | +€17,385 | +76.4% |
| Operating profit (loss) | 9901 | €18,055 | €35,652 | +€17,598 | +97.5% |
| Financial income | 75/76B | €1 | €9 | +€8 | +788% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +788% |
| Financial charges | 65/66B | €2,246 | €2,315 | +€68 | +3.0% |
| Recurring financial charges | 65 | €2,246 | €2,315 | +€68 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €15,809 | €33,346 | +€17,537 | +111% |
| Income taxes | 67/77 | €5,766 | €9,298 | +€3,532 | +61.3% |
| Profit (loss) for the period | 9904 | €10,043 | €24,048 | +€14,005 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €10,043 | €24,048 | +€14,005 | +139% |
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 19 October 2026 via checked.be.