CUBOTEAM: 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.
CUBOTEAM
Largest movements
- Stocks and contracts -€123,951
no longer reported in 2025 (was €123,951)
- Tangible fixed assets -€10,100
down €10,100 (-49.2%), from €20,530 to €10,430
of which Furniture and vehicles: -€9,772
- Cash +€8,871
up €8,871 (+256%), from €3,464 to €12,334
mainly Net result for the year (+€164,817) and Stocks and contracts (+€123,951)
- Other debts -€287,171
down €287,171 (-84.6%), from €339,606 to €52,435
- Profit (loss) carried forward +€164,817
up €164,817 (+65.1%), from -€253,357 to -€88,540
- Advances received -€4,709
no longer reported in 2025 (was €4,709)
- Gross operating margin +€174,651
up €174,651 (+6,068%), from €2,878 to €177,529
- Staff costs -€23,404
down €23,404 (-98.9%), from €23,667 to €263
- Other operating charges -€5,345
down €5,345 (-80.2%), from €6,665 to €1,321
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 | €200,187 | €73,716 | -€126,470 | -63.2% |
| Fixed assets | 21/28 | €21,030 | €10,930 | -€10,100 | -48.0% |
| Tangible fixed assets | 22/27 | €20,530 | €10,430 | -€10,100 | -49.2% |
| Plant, machinery and equipment | 23 | €355 | €27 | -€328 | -92.4% |
| Furniture and vehicles | 24 | €20,175 | €10,403 | -€9,772 | -48.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €179,157 | €62,786 | -€116,371 | -65.0% |
| Stocks and contracts in progress | 3 | €123,951 | - | -€123,951 | |
| Stocks | 30/36 | €123,951 | - | -€123,951 | |
| Amounts receivable within one year | 40/41 | €49,630 | €48,508 | -€1,122 | -2.3% |
| Trade receivables | 40 | €6,368 | €3,431 | -€2,937 | -46.1% |
| Other amounts receivable | 41 | €43,262 | €45,077 | +€1,815 | +4.2% |
| Cash at bank and in hand | 54/58 | €3,464 | €12,334 | +€8,871 | +256% |
| Deferred charges and accrued income | 490/1 | €2,112 | €1,944 | -€169 | -8.0% |
| Total equity and liabilities | 10/49 | €200,187 | €73,716 | -€126,470 | -63.2% |
| Equity | 10/15 | -€145,297 | €19,520 | +€164,817 | |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,357 | -€88,540 | +€164,817 | +65.1% |
| Amounts payable | 17/49 | €345,484 | €54,197 | -€291,287 | -84.3% |
| Amounts payable within one year | 42/48 | €345,484 | €54,197 | -€291,287 | -84.3% |
| Trade debts | 44 | €740 | €1,495 | +€756 | +102% |
| Suppliers | 440/4 | €740 | €1,495 | +€756 | +102% |
| Advances received on contracts in progress | 46 | €4,709 | - | -€4,709 | |
| Taxes, remuneration and social security | 45 | €430 | €267 | -€163 | -37.9% |
| Taxes | 450/3 | €430 | €267 | -€163 | -37.9% |
| Other amounts payable | 47/48 | €339,606 | €52,435 | -€287,171 | -84.6% |
| Remuneration, social security and pensions | 62 | €23,667 | €263 | -€23,404 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,792 | €10,666 | -€126 | -1.2% |
| Other operating charges | 640/8 | €6,665 | €1,321 | -€5,345 | -80.2% |
| Gross operating margin | 9900 | €2,878 | €177,529 | +€174,651 | +6,068% |
| Operating profit (loss) | 9901 | -€38,246 | €165,280 | +€203,526 | |
| Financial charges | 65/66B | €230 | €251 | +€21 | +9.1% |
| Recurring financial charges | 65 | €230 | €251 | +€21 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,476 | €165,029 | +€203,505 | |
| Income taxes | 67/77 | €217 | €213 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | -€38,693 | €164,817 | +€203,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,693 | €164,817 | +€203,510 |
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 29 October 2026 via checked.be.