CUBO: 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.
CUBO
Largest movements
- Cash +€75,621
up €75,621 (+448%), from €16,874 to €92,495
mainly Receivables after one year (+€50,000) and Depreciation (+€31,725)
- Receivables after one year -€50,000
down €50,000 (-80.8%), from €61,910 to €11,910
- Receivables within one year -€15,599
down €15,599 (-56.1%), from €27,806 to €12,207
of which Trade receivables: -€14,319
- Debts after one year -€46,997
down €46,997 (-22.2%), from €211,394 to €164,398
- Tax, wage and social debts +€19,748
up €19,748 (+109%), from €18,085 to €37,833
- Current portion of long-term debt +€16,956
up €16,956 (+80.1%), from €21,158 to €38,113
- Trade debts +€13,310
up €13,310 (+949%), from €1,403 to €14,713
- Financial charges -€25,378
down €25,378 (-88.3%), from €28,736 to €3,357
of which Non-recurring financial charges: -€18,394
- Depreciation +€21,320
up €21,320 (+205%), from €10,405 to €31,725
- Gross operating margin -€13,658
down €13,658 (-22.9%), from €59,684 to €46,026
- Taxes +€9,768
up €9,768 (+458%), from €2,131 to €11,899
- Other operating charges -€857
down €857 (-54.3%), from €1,578 to €721
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 | €1,014,561 | €1,016,543 | +€1,981 | +0.2% |
| Fixed assets | 21/28 | €907,724 | €899,930 | -€7,794 | -0.9% |
| Tangible fixed assets | 22/27 | €907,724 | €899,930 | -€7,794 | -0.9% |
| Land and buildings | 22 | €892,289 | €801,990 | -€90,299 | -10.1% |
| Plant, machinery and equipment | 23 | - | €4,639 | +€4,639 | |
| Furniture and vehicles | 24 | €10,593 | €90,643 | +€80,050 | +756% |
| Other tangible fixed assets | 26 | €4,842 | €2,658 | -€2,184 | -45.1% |
| Current assets | 29/58 | €106,838 | €116,613 | +€9,775 | +9.1% |
| Amounts receivable after more than one year | 29 | €61,910 | €11,910 | -€50,000 | -80.8% |
| Other amounts receivable | 291 | €61,910 | €11,910 | -€50,000 | -80.8% |
| Amounts receivable within one year | 40/41 | €27,806 | €12,207 | -€15,599 | -56.1% |
| Trade receivables | 40 | €22,091 | €7,773 | -€14,319 | -64.8% |
| Other amounts receivable | 41 | €5,715 | €4,435 | -€1,280 | -22.4% |
| Cash at bank and in hand | 54/58 | €16,874 | €92,495 | +€75,621 | +448% |
| Deferred charges and accrued income | 490/1 | €247 | - | -€247 | |
| Total equity and liabilities | 10/49 | €1,014,561 | €1,016,543 | +€1,981 | +0.2% |
| Equity | 10/15 | €762,447 | €761,486 | -€961 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €743,847 | €743,847 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,681 | €41,681 | = | 0.0% |
| Distributable reserves | 133 | €702,166 | €702,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€961 | -€961 | |
| Amounts payable | 17/49 | €252,115 | €255,057 | +€2,942 | +1.2% |
| Amounts payable after more than one year | 17 | €211,394 | €164,398 | -€46,997 | -22.2% |
| Financial debts | 170/4 | €211,394 | €164,398 | -€46,997 | -22.2% |
| Amounts payable within one year | 42/48 | €40,646 | €90,659 | +€50,014 | +123% |
| Current portion of amounts payable after more than one year | 42 | €21,158 | €38,113 | +€16,956 | +80.1% |
| Trade debts | 44 | €1,403 | €14,713 | +€13,310 | +949% |
| Suppliers | 440/4 | €1,403 | €14,713 | +€13,310 | +949% |
| Taxes, remuneration and social security | 45 | €18,085 | €37,833 | +€19,748 | +109% |
| Taxes | 450/3 | €18,085 | €37,833 | +€19,748 | +109% |
| Accrued charges and deferred income | 492/3 | €75 | - | -€75 | |
| Non-recurring operating income | 76A | - | €17,000 | +€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,405 | €31,725 | +€21,320 | +205% |
| Other operating charges | 640/8 | €1,578 | €721 | -€857 | -54.3% |
| Gross operating margin | 9900 | €59,684 | €46,026 | -€13,658 | -22.9% |
| Operating profit (loss) | 9901 | €47,701 | €13,581 | -€34,120 | -71.5% |
| Financial income | 75/76B | €715 | €715 | -€0 | 0.0% |
| Recurring financial income | 75 | €715 | €715 | -€0 | 0.0% |
| Financial charges | 65/66B | €28,736 | €3,357 | -€25,378 | -88.3% |
| Recurring financial charges | 65 | €10,342 | €3,357 | -€6,984 | -67.5% |
| Non-recurring financial charges | 66B | €18,394 | - | -€18,394 | |
| Profit (loss) for the period before taxes | 9903 | €19,680 | €10,938 | -€8,742 | -44.4% |
| Income taxes | 67/77 | €2,131 | €11,899 | +€9,768 | +458% |
| Profit (loss) for the period | 9904 | €17,549 | -€961 | -€18,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,549 | -€961 | -€18,510 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.