CUBOMODE: 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.
CUBOMODE
Largest movements
- Receivables within one year +€170,411
up €170,411 (+145.0%), from €117,507 to €287,918
of which Other amounts receivable: +€134,696
- Cash +€68,101
up €68,101 (+1353.2%), from €5,032 to €73,134
mainly Other debts (+€184,878) and Trade debts (+€112,274)
- Tangible fixed assets +€48,269
up €48,269 (+29.8%), from €162,228 to €210,496
of which Plant, machinery and equipment: +€63,732
- Intangible fixed assets +€40,593
up €40,593 (+193.3%), from €21,000 to €61,593
- Deferred charges and accrued income +€19,217
up €19,217 (+123.2%), from €15,601 to €34,818
- Other debts +€184,878
up €184,878 (+212.1%), from €87,174 to €272,052
- Trade debts +€112,274
up €112,274 (+289.8%), from €38,744 to €151,018
- Tax, wage and social debts +€39,811
up €39,811 (+38.2%), from €104,164 to €143,975
of which Taxes: +€34,733
- Reserves +€37,242
up €37,242 (+381.7%), from €9,758 to €47,000
- Debts after one year -€15,817
down €15,817 (-29.4%), from €53,791 to €37,974
- Gross operating margin +€70,314
up €70,314 (+24.8%), from €284,091 to €354,405
- Staff costs +€17,446
up €17,446 (+7.8%), from €223,213 to €240,660
- Taxes +€16,049
up €16,049 (+1042.5%), from €1,539 to €17,588
- Depreciation +€4,474
up €4,474 (+13.1%), from €34,146 to €38,620
- Financial charges +€3,912
up €3,912 (+40.3%), from €9,709 to €13,621
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 | €402,368 | €749,446 | +€347,079 | +86.3% |
| Fixed assets | 21/28 | €264,228 | €353,090 | +€88,862 | +33.6% |
| Intangible fixed assets | 21 | €21,000 | €61,593 | +€40,593 | +193.3% |
| Tangible fixed assets | 22/27 | €162,228 | €210,496 | +€48,269 | +29.8% |
| Plant, machinery and equipment | 23 | €98,788 | €162,520 | +€63,732 | +64.5% |
| Furniture and vehicles | 24 | €27,931 | €16,748 | -€11,183 | -40.0% |
| Other tangible fixed assets | 26 | €35,509 | €31,228 | -€4,280 | -12.1% |
| Financial fixed assets | 28 | €81,000 | €81,000 | = | 0.0% |
| Current assets | 29/58 | €138,140 | €396,357 | +€258,217 | +186.9% |
| Amounts receivable within one year | 40/41 | €117,507 | €287,918 | +€170,411 | +145.0% |
| Trade receivables | 40 | €16,640 | €52,355 | +€35,715 | +214.6% |
| Other amounts receivable | 41 | €100,867 | €235,563 | +€134,696 | +133.5% |
| Current investments | 50/53 | - | €487 | +€487 | |
| Cash at bank and in hand | 54/58 | €5,032 | €73,134 | +€68,101 | +1353.2% |
| Deferred charges and accrued income | 490/1 | €15,601 | €34,818 | +€19,217 | +123.2% |
| Total equity and liabilities | 10/49 | €402,368 | €749,446 | +€347,079 | +86.3% |
| Equity | 10/15 | €89,390 | €125,896 | +€36,506 | +40.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €9,758 | €47,000 | +€37,242 | +381.7% |
| Distributable reserves | 133 | €9,758 | €47,000 | +€37,242 | +381.7% |
| Profit (loss) carried forward | 14 | €29,633 | €28,896 | -€736 | -2.5% |
| Amounts payable | 17/49 | €312,977 | €623,550 | +€310,573 | +99.2% |
| Amounts payable after more than one year | 17 | €53,791 | €37,974 | -€15,817 | -29.4% |
| Financial debts | 170/4 | €53,791 | €37,974 | -€15,817 | -29.4% |
| Amounts payable within one year | 42/48 | €259,187 | €585,576 | +€326,389 | +125.9% |
| Current portion of amounts payable after more than one year | 42 | €22,229 | €15,817 | -€6,412 | -28.8% |
| Financial debts | 43 | €6,876 | €2,715 | -€4,161 | -60.5% |
| Credit institutions | 430/8 | €6,876 | €2,715 | -€4,161 | -60.5% |
| Trade debts | 44 | €38,744 | €151,018 | +€112,274 | +289.8% |
| Suppliers | 440/4 | €38,744 | €151,018 | +€112,274 | +289.8% |
| Taxes, remuneration and social security | 45 | €104,164 | €143,975 | +€39,811 | +38.2% |
| Taxes | 450/3 | €64,290 | €99,023 | +€34,733 | +54.0% |
| Remuneration and social security | 454/9 | €39,874 | €44,952 | +€5,078 | +12.7% |
| Other amounts payable | 47/48 | €87,174 | €272,052 | +€184,878 | +212.1% |
| Remuneration, social security and pensions | 62 | €223,213 | €240,660 | +€17,446 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,146 | €38,620 | +€4,474 | +13.1% |
| Other operating charges | 640/8 | €6,455 | €7,889 | +€1,434 | +22.2% |
| Gross operating margin | 9900 | €284,091 | €354,405 | +€70,314 | +24.8% |
| Operating profit (loss) | 9901 | €20,278 | €67,237 | +€46,959 | +231.6% |
| Financial income | 75/76B | €728 | €2,144 | +€1,416 | +194.6% |
| Recurring financial income | 75 | €728 | €2,144 | +€1,416 | +194.6% |
| Financial charges | 65/66B | €9,709 | €13,621 | +€3,912 | +40.3% |
| Recurring financial charges | 65 | €9,709 | €13,621 | +€3,912 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €11,297 | €55,760 | +€44,463 | +393.6% |
| Income taxes | 67/77 | €1,539 | €17,588 | +€16,049 | +1042.5% |
| Profit (loss) for the period | 9904 | €9,758 | €38,172 | +€28,414 | +291.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,758 | €38,172 | +€28,414 | +291.2% |
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.