CUBIX: 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.
CUBIX
Largest movements
- Receivables within one year +€35,150
up €35,150 (+167.5%), from €20,989 to €56,139
of which Trade receivables: +€35,499
- Current investments +€25,190
up €25,190 (+4.1%), from €610,119 to €635,309
- Cash -€12,995
down €12,995 (-52.3%), from €24,844 to €11,850
mainly Contributions, distributions and other (-€494,996) and Receivables within one year (-€35,150)
- Other debts +€265,122
up €265,122 (+511.3%), from €51,852 to €316,974
- Reserves -€235,303
down €235,303 (-41.1%), from €572,909 to €337,606
- Tax, wage and social debts +€15,282
up €15,282 (+121.0%), from €12,629 to €27,911
of which Taxes: +€11,867
- Gross operating margin +€20,109
up €20,109 (+6.1%), from €329,884 to €349,993
- Taxes +€8,484
up €8,484 (+10.4%), from €81,405 to €89,889
- Financial income -€3,851
down €3,851 (-37.1%), from €10,378 to €6,527
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 | €659,592 | €705,483 | +€45,891 | +7.0% |
| Fixed assets | 21/28 | €2,372 | €1,707 | -€664 | -28.0% |
| Tangible fixed assets | 22/27 | €2,372 | €1,707 | -€664 | -28.0% |
| Furniture and vehicles | 24 | €2,372 | €1,707 | -€664 | -28.0% |
| Current assets | 29/58 | €657,221 | €703,776 | +€46,555 | +7.1% |
| Amounts receivable within one year | 40/41 | €20,989 | €56,139 | +€35,150 | +167.5% |
| Trade receivables | 40 | €12,242 | €47,741 | +€35,499 | +290.0% |
| Other amounts receivable | 41 | €8,747 | €8,398 | -€349 | -4.0% |
| Current investments | 50/53 | €610,119 | €635,309 | +€25,190 | +4.1% |
| Cash at bank and in hand | 54/58 | €24,844 | €11,850 | -€12,995 | -52.3% |
| Deferred charges and accrued income | 490/1 | €1,268 | €479 | -€790 | -62.3% |
| Total equity and liabilities | 10/49 | €659,592 | €705,483 | +€45,891 | +7.0% |
| Equity | 10/15 | €592,909 | €357,606 | -€235,303 | -39.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €572,909 | €337,606 | -€235,303 | -41.1% |
| Distributable reserves | 133 | €572,909 | €337,606 | -€235,303 | -41.1% |
| Amounts payable | 17/49 | €66,683 | €347,877 | +€281,194 | +421.7% |
| Amounts payable within one year | 42/48 | €66,683 | €347,877 | +€281,194 | +421.7% |
| Trade debts | 44 | €2,203 | €2,993 | +€790 | +35.9% |
| Suppliers | 440/4 | €2,203 | €2,993 | +€790 | +35.9% |
| Taxes, remuneration and social security | 45 | €12,629 | €27,911 | +€15,282 | +121.0% |
| Taxes | 450/3 | €12,629 | €24,496 | +€11,867 | +94.0% |
| Remuneration and social security | 454/9 | - | €3,415 | +€3,415 | |
| Other amounts payable | 47/48 | €51,852 | €316,974 | +€265,122 | +511.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,031 | €1,893 | -€137 | -6.8% |
| Other operating charges | 640/8 | €826 | €904 | +€78 | +9.5% |
| Gross operating margin | 9900 | €329,884 | €349,993 | +€20,109 | +6.1% |
| Operating profit (loss) | 9901 | €327,027 | €347,195 | +€20,168 | +6.2% |
| Financial income | 75/76B | €10,378 | €6,527 | -€3,851 | -37.1% |
| Recurring financial income | 75 | €10,378 | €6,527 | -€3,851 | -37.1% |
| Financial charges | 65/66B | €3,236 | €4,139 | +€903 | +27.9% |
| Recurring financial charges | 65 | €3,236 | €4,139 | +€903 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €334,169 | €349,583 | +€15,414 | +4.6% |
| Income taxes | 67/77 | €81,405 | €89,889 | +€8,484 | +10.4% |
| Profit (loss) for the period | 9904 | €252,764 | €259,693 | +€6,930 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €252,764 | €259,693 | +€6,930 | +2.7% |
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.