CUBIZ: 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.
CUBIZ
Largest movements
- Cash +€219,084
up €219,084 (+175%), from €125,247 to €344,332
mainly Current investments (+€200,000) and Stocks and contracts (+€69,300)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Stocks and contracts -€69,300
down €69,300 (-22.6%), from €306,041 to €236,740
- Tangible fixed assets +€49,383
up €49,383 (+87.9%), from €56,163 to €105,546
of which Plant, machinery and equipment: +€51,165
- Receivables within one year +€18,112
up €18,112 (+19.6%), from €92,434 to €110,545
of which Other amounts receivable: +€49,243
- Trade debts +€65,536
up €65,536 (+245%), from €26,796 to €92,331
- Profit (loss) carried forward -€26,504
down €26,504 (-10.7%), from €246,889 to €220,385
- Tax, wage and social debts -€23,208
down €23,208 (-85.4%), from €27,189 to €3,981
- Gross operating margin -€103,768
down €103,768 (-90.4%), from €114,747 to €10,978
- Taxes -€22,581
down €22,581 (-93.1%), from €24,250 to €1,670
- Financial income +€6,768
up €6,768 (+5,082%), from €133 to €6,901
- Other operating charges +€5,626
up €5,626 (+24.5%), from €22,994 to €28,620
- Depreciation +€2,327
up €2,327 (+20.0%), from €11,629 to €13,957
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 | €796,955 | €812,779 | +€15,823 | +2.0% |
| Fixed assets | 21/28 | €60,563 | €109,946 | +€49,383 | +81.5% |
| Tangible fixed assets | 22/27 | €56,163 | €105,546 | +€49,383 | +87.9% |
| Plant, machinery and equipment | 23 | €30,265 | €81,430 | +€51,165 | +169% |
| Furniture and vehicles | 24 | €14,966 | €10,414 | -€4,552 | -30.4% |
| Other tangible fixed assets | 26 | €10,932 | €13,702 | +€2,770 | +25.3% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €736,392 | €702,833 | -€33,560 | -4.6% |
| Stocks and contracts in progress | 3 | €306,041 | €236,740 | -€69,300 | -22.6% |
| Stocks | 30/36 | €306,041 | €236,740 | -€69,300 | -22.6% |
| Amounts receivable within one year | 40/41 | €92,434 | €110,545 | +€18,112 | +19.6% |
| Trade receivables | 40 | €80,461 | €49,329 | -€31,132 | -38.7% |
| Other amounts receivable | 41 | €11,973 | €61,216 | +€49,243 | +411% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €125,247 | €344,332 | +€219,084 | +175% |
| Deferred charges and accrued income | 490/1 | €12,671 | €11,215 | -€1,455 | -11.5% |
| Total equity and liabilities | 10/49 | €796,955 | €812,779 | +€15,823 | +2.0% |
| Equity | 10/15 | €261,149 | €234,645 | -€26,504 | -10.1% |
| Reserves | 13 | €14,260 | €14,260 | = | 0.0% |
| Distributable reserves | 133 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,889 | €220,385 | -€26,504 | -10.7% |
| Amounts payable | 17/49 | €535,806 | €578,134 | +€42,328 | +7.9% |
| Amounts payable within one year | 42/48 | €535,806 | €578,134 | +€42,328 | +7.9% |
| Trade debts | 44 | €26,796 | €92,331 | +€65,536 | +245% |
| Suppliers | 440/4 | €26,796 | €92,331 | +€65,536 | +245% |
| Taxes, remuneration and social security | 45 | €27,189 | €3,981 | -€23,208 | -85.4% |
| Taxes | 450/3 | €27,189 | €3,981 | -€23,208 | -85.4% |
| Other amounts payable | 47/48 | €481,821 | €481,821 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,629 | €13,957 | +€2,327 | +20.0% |
| Other operating charges | 640/8 | €22,994 | €28,620 | +€5,626 | +24.5% |
| Gross operating margin | 9900 | €114,747 | €10,978 | -€103,768 | -90.4% |
| Operating profit (loss) | 9901 | €80,123 | -€31,686 | -€111,809 | |
| Financial income | 75/76B | €133 | €6,901 | +€6,768 | +5,082% |
| Recurring financial income | 75 | €133 | €6,901 | +€6,768 | +5,082% |
| Financial charges | 65/66B | €64 | €50 | -€14 | -22.2% |
| Recurring financial charges | 65 | €64 | €50 | -€14 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €80,193 | -€24,834 | -€105,027 | |
| Income taxes | 67/77 | €24,250 | €1,670 | -€22,581 | -93.1% |
| Profit (loss) for the period | 9904 | €55,943 | -€26,504 | -€82,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,943 | -€26,504 | -€82,447 |
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 15 October 2026 via checked.be.