Cubro: 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.
Cubro
Largest movements
- Receivables after one year -€29,857
down €29,857 (-100.0%), from €29,857 to €0
- Receivables within one year -€29,582
down €29,582 (-91.1%), from €32,478 to €2,896
of which Trade receivables: -€22,426
- Cash -€8,244
down €8,244 (-47.1%), from €17,490 to €9,246
mainly Net result for the year (-€39,192) and Trade debts (-€16,663)
- Deferred charges and accrued income -€974
down €974 (-100.0%), from €974 to €0
- Profit (loss) carried forward -€39,192
down €39,192 (-221.3%), from -€17,711 to -€56,903
- Trade debts -€16,663
down €16,663 (-92.7%), from €17,972 to €1,309
- Tax, wage and social debts -€9,583
down €9,583 (-57.9%), from €16,564 to €6,982
of which Taxes: -€10,526
- Accrued charges and deferred income -€6,478
down €6,478 (-100.0%), from €6,478 to €0
- Short-term financial debts +€2,708
up €2,708 (+257.7%), from €1,051 to €3,759
- Staff costs +€21,611
up €21,611 (+177.9%), from €12,148 to €33,758
- Gross operating margin -€19,027
down €19,027, from €15,170 to -€3,857
- Taxes -€576
down €576 (-73.3%), from €785 to €210
- Other operating charges +€555
up €555 (+509.1%), from €109 to €664
- Depreciation -€359
down €359 (-39.5%), from €909 to €550
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 | €82,487 | €13,280 | -€69,207 | -83.9% |
| Fixed assets | 21/28 | €1,688 | €1,138 | -€550 | -32.6% |
| Tangible fixed assets | 22/27 | €1,688 | €1,138 | -€550 | -32.6% |
| Plant, machinery and equipment | 23 | €1,688 | €1,138 | -€550 | -32.6% |
| Current assets | 29/58 | €80,799 | €12,142 | -€68,657 | -85.0% |
| Amounts receivable after more than one year | 29 | €29,857 | €0 | -€29,857 | -100.0% |
| Trade receivables | 290 | €29,857 | €0 | -€29,857 | -100.0% |
| Amounts receivable within one year | 40/41 | €32,478 | €2,896 | -€29,582 | -91.1% |
| Trade receivables | 40 | €25,208 | €2,782 | -€22,426 | -89.0% |
| Other amounts receivable | 41 | €7,270 | €113 | -€7,157 | -98.4% |
| Cash at bank and in hand | 54/58 | €17,490 | €9,246 | -€8,244 | -47.1% |
| Deferred charges and accrued income | 490/1 | €974 | €0 | -€974 | -100.0% |
| Total equity and liabilities | 10/49 | €82,487 | €13,280 | -€69,207 | -83.9% |
| Equity | 10/15 | €40,422 | €1,230 | -€39,192 | -97.0% |
| Contributions | 10/11 | €31,200 | €31,200 | = | 0.0% |
| Reserves | 13 | €26,933 | €26,933 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,335 | €0 | -€4,335 | -100.0% |
| Reserves not available under the articles | 1311 | €4,335 | €0 | -€4,335 | -100.0% |
| Distributable reserves | 133 | €22,598 | €26,933 | +€4,335 | +19.2% |
| Profit (loss) carried forward | 14 | -€17,711 | -€56,903 | -€39,192 | -221.3% |
| Amounts payable | 17/49 | €42,065 | €12,050 | -€30,015 | -71.4% |
| Amounts payable within one year | 42/48 | €35,587 | €12,050 | -€23,537 | -66.1% |
| Financial debts | 43 | €1,051 | €3,759 | +€2,708 | +257.7% |
| Credit institutions | 430/8 | €1,051 | €3,759 | +€2,708 | +257.7% |
| Trade debts | 44 | €17,972 | €1,309 | -€16,663 | -92.7% |
| Suppliers | 440/4 | €17,972 | €1,309 | -€16,663 | -92.7% |
| Taxes, remuneration and social security | 45 | €16,564 | €6,982 | -€9,583 | -57.9% |
| Taxes | 450/3 | €13,934 | €3,409 | -€10,526 | -75.5% |
| Remuneration and social security | 454/9 | €2,630 | €3,573 | +€943 | +35.9% |
| Accrued charges and deferred income | 492/3 | €6,478 | €0 | -€6,478 | -100.0% |
| Remuneration, social security and pensions | 62 | €12,148 | €33,758 | +€21,611 | +177.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €909 | €550 | -€359 | -39.5% |
| Other operating charges | 640/8 | €109 | €664 | +€555 | +509.1% |
| Gross operating margin | 9900 | €15,170 | -€3,857 | -€19,027 | |
| Operating profit (loss) | 9901 | €2,005 | -€38,830 | -€40,834 | |
| Financial income | 75/76B | €10 | €17 | +€6 | +58.9% |
| Recurring financial income | 75 | €10 | €17 | +€6 | +58.9% |
| Financial charges | 65/66B | €141 | €170 | +€28 | +20.2% |
| Recurring financial charges | 65 | €141 | €170 | +€28 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €1,874 | -€38,982 | -€40,857 | |
| Income taxes | 67/77 | €785 | €210 | -€576 | -73.3% |
| Profit (loss) for the period | 9904 | €1,089 | -€39,192 | -€40,281 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,089 | -€39,192 | -€40,281 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.