CUBIX: 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.
CUBIX
Largest movements
- Receivables within one year -€811,625
down €811,625 (-70.1%), from €1.2m to €345,500
of which Trade receivables: -€846,500
- Stocks and contracts +€163,881
up €163,881 (+3.5%), from €4.7m to €4.9m
- Other debts +€1.0m
up €1.0m (+175.2%), from €573,022 to €1.6m
- Current portion of long-term debt -€611,911
down €611,911 (-16.5%), from €3.7m to €3.1m
- Profit (loss) carried forward -€604,468
down €604,468 (-853.6%), from -€70,817 to -€675,285
- Debts after one year -€474,188
down €474,188 (-31.6%), from €1.5m to €1.0m
- Contributions +€60,000
up €60,000 (+952.4%), from €6,300 to €66,300
- Gross operating margin -€730,693
down €730,693, from €369,707 to -€360,986
- Financial charges -€102,422
down €102,422 (-32.2%), from €318,138 to €215,716
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 | €5,867,152 | €5,273,293 | -€593,859 | -10.1% |
| Fixed assets | 21/28 | - | €38,794 | +€38,794 | |
| Tangible fixed assets | 22/27 | - | €38,794 | +€38,794 | |
| Furniture and vehicles | 24 | - | €38,794 | +€38,794 | |
| Current assets | 29/58 | €5,867,152 | €5,234,499 | -€632,653 | -10.8% |
| Stocks and contracts in progress | 3 | €4,696,695 | €4,860,576 | +€163,881 | +3.5% |
| Stocks | 30/36 | €4,696,695 | €4,860,576 | +€163,881 | +3.5% |
| Amounts receivable within one year | 40/41 | €1,157,125 | €345,500 | -€811,625 | -70.1% |
| Trade receivables | 40 | €1,065,500 | €219,000 | -€846,500 | -79.4% |
| Other amounts receivable | 41 | €91,625 | €126,500 | +€34,875 | +38.1% |
| Cash at bank and in hand | 54/58 | €5,045 | €24,615 | +€19,570 | +387.9% |
| Deferred charges and accrued income | 490/1 | €8,287 | €3,808 | -€4,479 | -54.0% |
| Total equity and liabilities | 10/49 | €5,867,152 | €5,273,293 | -€593,859 | -10.1% |
| Equity | 10/15 | -€59,189 | -€603,657 | -€544,468 | -919.9% |
| Contributions | 10/11 | €6,300 | €66,300 | +€60,000 | +952.4% |
| Reserves | 13 | €5,328 | €5,328 | = | 0.0% |
| Distributable reserves | 133 | €5,328 | €5,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,817 | -€675,285 | -€604,468 | -853.6% |
| Amounts payable | 17/49 | €5,926,341 | €5,876,950 | -€49,391 | -0.8% |
| Amounts payable after more than one year | 17 | €1,500,000 | €1,025,812 | -€474,188 | -31.6% |
| Financial debts | 170/4 | €1,500,000 | €1,025,812 | -€474,188 | -31.6% |
| Amounts payable within one year | 42/48 | €4,319,077 | €4,699,240 | +€380,163 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €3,713,195 | €3,101,284 | -€611,911 | -16.5% |
| Trade debts | 44 | €29,041 | €17,466 | -€11,575 | -39.9% |
| Suppliers | 440/4 | €29,041 | €17,466 | -€11,575 | -39.9% |
| Taxes, remuneration and social security | 45 | €3,819 | €3,808 | -€11 | -0.3% |
| Taxes | 450/3 | €3,819 | €3,808 | -€11 | -0.3% |
| Other amounts payable | 47/48 | €573,022 | €1,576,682 | +€1.0m | +175.2% |
| Accrued charges and deferred income | 492/3 | €107,264 | €151,898 | +€44,634 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €457 | +€457 | |
| Other operating charges | 640/8 | €26,104 | €27,011 | +€907 | +3.5% |
| Gross operating margin | 9900 | €369,707 | -€360,986 | -€730,693 | |
| Operating profit (loss) | 9901 | €343,603 | -€388,454 | -€732,057 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €318,138 | €215,716 | -€102,422 | -32.2% |
| Recurring financial charges | 65 | €318,138 | €215,716 | -€102,422 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €25,465 | -€604,169 | -€629,634 | |
| Income taxes | 67/77 | €1,256 | €299 | -€957 | -76.2% |
| Profit (loss) for the period | 9904 | €24,209 | -€604,468 | -€628,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,209 | -€604,468 | -€628,677 |
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 10 October 2026 via checked.be.