CUBMET: 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.
CUBMET
Largest movements
- Receivables within one year +€278,405
up €278,405 (+138.0%), from €201,689 to €480,094
of which Trade receivables: +€284,627
- Tangible fixed assets +€22,722
up €22,722 (+90.0%), from €25,254 to €47,976
of which Other tangible fixed assets: +€13,299
- Cash -€13,680
down €13,680 (-39.4%), from €34,692 to €21,011
mainly Receivables within one year (-€278,405) and Net result for the year (-€134,731)
- Deferred charges and accrued income +€8,444
new in 2024: €8,444
- Trade debts +€369,019
up €369,019 (+151.0%), from €244,371 to €613,390
- Profit (loss) carried forward -€134,731
down €134,731 (-60.4%), from -€222,890 to -€357,621
- Tax, wage and social debts +€36,654
up €36,654 (+50.0%), from €73,349 to €110,003
of which Remuneration and social security: +€28,213
- Other debts +€29,716
up €29,716 (+16.3%), from €182,740 to €212,456
- Current portion of long-term debt -€14,860
no longer reported in 2024 (was €14,860)
- Staff costs +€61,123
up €61,123 (+27.9%), from €219,074 to €280,197
- Other operating charges -€23,991
down €23,991 (-52.7%), from €45,540 to €21,549
- Depreciation +€3,736
up €3,736 (+23.8%), from €15,695 to €19,431
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,429 | €594,420 | +€295,991 | +99.2% |
| Fixed assets | 21/28 | €49,129 | €69,151 | +€20,022 | +40.8% |
| Intangible fixed assets | 21 | €11,150 | €8,450 | -€2,700 | -24.2% |
| Tangible fixed assets | 22/27 | €25,254 | €47,976 | +€22,722 | +90.0% |
| Furniture and vehicles | 24 | €25,254 | €34,678 | +€9,424 | +37.3% |
| Other tangible fixed assets | 26 | - | €13,299 | +€13,299 | |
| Financial fixed assets | 28 | €12,725 | €12,725 | = | 0.0% |
| Current assets | 29/58 | €249,300 | €525,269 | +€275,969 | +110.7% |
| Stocks and contracts in progress | 3 | €6,400 | €9,200 | +€2,800 | +43.8% |
| Stocks | 30/36 | €6,400 | €9,200 | +€2,800 | +43.8% |
| Amounts receivable within one year | 40/41 | €201,689 | €480,094 | +€278,405 | +138.0% |
| Trade receivables | 40 | €175,787 | €460,414 | +€284,627 | +161.9% |
| Other amounts receivable | 41 | €25,902 | €19,680 | -€6,222 | -24.0% |
| Current investments | 50/53 | €6,520 | €6,520 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,692 | €21,011 | -€13,680 | -39.4% |
| Deferred charges and accrued income | 490/1 | - | €8,444 | +€8,444 | |
| Total equity and liabilities | 10/49 | €298,429 | €594,420 | +€295,991 | +99.2% |
| Equity | 10/15 | -€216,890 | -€351,621 | -€134,731 | -62.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€222,890 | -€357,621 | -€134,731 | -60.4% |
| Amounts payable | 17/49 | €515,319 | €946,041 | +€430,722 | +83.6% |
| Amounts payable within one year | 42/48 | €515,319 | €943,522 | +€428,203 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €14,860 | - | -€14,860 | |
| Financial debts | 43 | - | €24 | +€24 | |
| Credit institutions | 430/8 | - | €24 | +€24 | |
| Trade debts | 44 | €244,371 | €613,390 | +€369,019 | +151.0% |
| Suppliers | 440/4 | €244,371 | €613,390 | +€369,019 | +151.0% |
| Advances received on contracts in progress | 46 | - | €7,650 | +€7,650 | |
| Taxes, remuneration and social security | 45 | €73,349 | €110,003 | +€36,654 | +50.0% |
| Taxes | 450/3 | €65,512 | €73,954 | +€8,442 | +12.9% |
| Remuneration and social security | 454/9 | €7,837 | €36,049 | +€28,213 | +360.0% |
| Other amounts payable | 47/48 | €182,740 | €212,456 | +€29,716 | +16.3% |
| Accrued charges and deferred income | 492/3 | - | €2,519 | +€2,519 | |
| Remuneration, social security and pensions | 62 | €219,074 | €280,197 | +€61,123 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,695 | €19,431 | +€3,736 | +23.8% |
| Other operating charges | 640/8 | €45,540 | €21,549 | -€23,991 | -52.7% |
| Non-recurring operating charges | 66A | - | €14,015 | +€14,015 | |
| Gross operating margin | 9900 | €207,632 | €208,725 | +€1,093 | +0.5% |
| Operating profit (loss) | 9901 | -€72,677 | -€126,468 | -€53,791 | -74.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,031 | €8,263 | +€232 | +2.9% |
| Recurring financial charges | 65 | €8,031 | €8,263 | +€232 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€80,706 | -€134,731 | -€54,024 | -66.9% |
| Profit (loss) for the period | 9904 | -€80,706 | -€134,731 | -€54,024 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,706 | -€134,731 | -€54,024 | -66.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.