CUBITUS: 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.
CUBITUS
Largest movements
- Tangible fixed assets +€36,980
up €36,980 (+129.2%), from €28,623 to €65,603
- Receivables within one year +€23,380
up €23,380 (+522.6%), from €4,474 to €27,854
- Deferred charges and accrued income +€6,742
up €6,742 (+25.4%), from €26,582 to €33,324
- Cash +€3,116
up €3,116 (+3.7%), from €83,391 to €86,508
mainly Other debts (+€162,600) and Debts after one year (+€53,267)
- Other debts +€162,600
new in 2025: €162,600
- Reserves -€112,600
down €112,600 (-82.6%), from €136,244 to €23,644
- Debts after one year +€53,267
new in 2025: €53,267
- Tax, wage and social debts -€29,933
down €29,933 (-88.1%), from €33,979 to €4,045
- Current portion of long-term debt -€5,163
down €5,163 (-29.2%), from €17,665 to €12,502
- Gross operating margin +€40,408
up €40,408 (+92.7%), from €43,595 to €84,003
- Depreciation -€7,141
down €7,141 (-76.3%), from €9,360 to €2,219
- Taxes +€4,510
up €4,510 (+36.8%), from €12,240 to €16,749
- Financial income -€1,314
down €1,314 (-37.6%), from €3,499 to €2,184
- Financial charges -€887
down €887 (-48.2%), from €1,840 to €953
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 | €194,423 | €264,641 | +€70,218 | +36.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €28,623 | €65,603 | +€36,980 | +129.2% |
| Tangible fixed assets | 22/27 | €28,623 | €65,603 | +€36,980 | +129.2% |
| Furniture and vehicles | 24 | €28,623 | €65,603 | +€36,980 | +129.2% |
| Current assets | 29/58 | €165,800 | €199,038 | +€33,238 | +20.0% |
| Amounts receivable after more than one year | 29 | €51,353 | €51,353 | = | 0.0% |
| Other amounts receivable | 291 | €51,353 | €51,353 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,474 | €27,854 | +€23,380 | +522.6% |
| Other amounts receivable | 41 | €4,474 | €27,854 | +€23,380 | +522.6% |
| Cash at bank and in hand | 54/58 | €83,391 | €86,508 | +€3,116 | +3.7% |
| Deferred charges and accrued income | 490/1 | €26,582 | €33,324 | +€6,742 | +25.4% |
| Total equity and liabilities | 10/49 | €194,423 | €264,641 | +€70,218 | +36.1% |
| Equity | 10/15 | €142,780 | €32,227 | -€110,553 | -77.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,244 | €23,644 | -€112,600 | -82.6% |
| Distributable reserves | 133 | €136,244 | €23,644 | -€112,600 | -82.6% |
| Profit (loss) carried forward | 14 | €336 | €2,383 | +€2,047 | +610.2% |
| Amounts payable | 17/49 | €51,643 | €232,414 | +€180,771 | +350.0% |
| Amounts payable after more than one year | 17 | - | €53,267 | +€53,267 | |
| Financial debts | 170/4 | - | €53,267 | +€53,267 | |
| Amounts payable within one year | 42/48 | €51,643 | €179,148 | +€127,504 | +246.9% |
| Current portion of amounts payable after more than one year | 42 | €17,665 | €12,502 | -€5,163 | -29.2% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €33,979 | €4,045 | -€29,933 | -88.1% |
| Taxes | 450/3 | €33,979 | €4,045 | -€29,933 | -88.1% |
| Other amounts payable | 47/48 | - | €162,600 | +€162,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,360 | €2,219 | -€7,141 | -76.3% |
| Other operating charges | 640/8 | €1,868 | €1,626 | -€242 | -13.0% |
| Non-recurring operating charges | 66A | - | €12,593 | +€12,593 | |
| Gross operating margin | 9900 | €43,595 | €84,003 | +€40,408 | +92.7% |
| Operating profit (loss) | 9901 | €32,367 | €67,565 | +€35,198 | +108.7% |
| Financial income | 75/76B | €3,499 | €2,184 | -€1,314 | -37.6% |
| Recurring financial income | 75 | €3,499 | €2,184 | -€1,314 | -37.6% |
| Financial charges | 65/66B | €1,840 | €953 | -€887 | -48.2% |
| Recurring financial charges | 65 | €1,840 | €953 | -€887 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €34,026 | €68,797 | +€34,771 | +102.2% |
| Income taxes | 67/77 | €12,240 | €16,749 | +€4,510 | +36.8% |
| Profit (loss) for the period | 9904 | €21,786 | €52,047 | +€30,261 | +138.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,786 | €52,047 | +€30,261 | +138.9% |
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 5 October 2026 via checked.be.