Cubum: 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.
Cubum
Largest movements
- Cash +€66,469
up €66,469 (+51.4%), from €129,386 to €195,855
mainly Other debts (+€67,543) and Depreciation (+€27,202)
- Tangible fixed assets -€27,202
down €27,202 (-50.8%), from €53,571 to €26,369
- Receivables within one year -€6,506
down €6,506 (-30.9%), from €21,062 to €14,556
of which Other amounts receivable: -€7,380
- Deferred charges and accrued income -€5,127
down €5,127 (-56.7%), from €9,038 to €3,911
- Reserves -€70,397
down €70,397 (-97.4%), from €72,257 to €1,860
- Other debts +€67,543
up €67,543 (+726%), from €9,301 to €76,844
- Profit (loss) carried forward +€23,690
up €23,690 (+21.6%), from €109,559 to €133,250
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€20,315
up €20,315 (+52.1%), from €39,011 to €59,326
- Taxes +€4,880
up €4,880 (+186%), from €2,620 to €7,500
- Depreciation -€621
down €621 (-2.2%), from €27,824 to €27,202
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 | €213,057 | €240,691 | +€27,634 | +13.0% |
| Fixed assets | 21/28 | €53,571 | €26,369 | -€27,202 | -50.8% |
| Tangible fixed assets | 22/27 | €53,571 | €26,369 | -€27,202 | -50.8% |
| Furniture and vehicles | 24 | €53,571 | €26,369 | -€27,202 | -50.8% |
| Current assets | 29/58 | €159,486 | €214,322 | +€54,836 | +34.4% |
| Amounts receivable within one year | 40/41 | €21,062 | €14,556 | -€6,506 | -30.9% |
| Trade receivables | 40 | €13,681 | €14,555 | +€874 | +6.4% |
| Other amounts receivable | 41 | €7,381 | €1 | -€7,380 | -100.0% |
| Cash at bank and in hand | 54/58 | €129,386 | €195,855 | +€66,469 | +51.4% |
| Deferred charges and accrued income | 490/1 | €9,038 | €3,911 | -€5,127 | -56.7% |
| Total equity and liabilities | 10/49 | €213,057 | €240,691 | +€27,634 | +13.0% |
| Equity | 10/15 | €194,217 | €153,710 | -€40,507 | -20.9% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €72,257 | €1,860 | -€70,397 | -97.4% |
| Distributable reserves | 133 | €72,257 | €1,860 | -€70,397 | -97.4% |
| Profit (loss) carried forward | 14 | €109,559 | €133,250 | +€23,690 | +21.6% |
| Amounts payable | 17/49 | €18,841 | €86,981 | +€68,141 | +362% |
| Amounts payable within one year | 42/48 | €18,841 | €86,981 | +€68,141 | +362% |
| Trade debts | 44 | €5,526 | €6,219 | +€693 | +12.5% |
| Suppliers | 440/4 | €5,526 | €6,219 | +€693 | +12.5% |
| Taxes, remuneration and social security | 45 | €4,014 | €3,918 | -€95 | -2.4% |
| Taxes | 450/3 | €4,014 | €3,918 | -€95 | -2.4% |
| Other amounts payable | 47/48 | €9,301 | €76,844 | +€67,543 | +726% |
| Non-recurring operating income | 76A | €8,429 | - | -€8,429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,824 | €27,202 | -€621 | -2.2% |
| Other operating charges | 640/8 | €959 | €845 | -€114 | -11.8% |
| Gross operating margin | 9900 | €39,011 | €59,326 | +€20,315 | +52.1% |
| Operating profit (loss) | 9901 | €10,228 | €31,279 | +€21,050 | +206% |
| Financial income | 75/76B | €7 | €3 | -€4 | -61.7% |
| Recurring financial income | 75 | €7 | €3 | -€4 | -61.7% |
| Financial charges | 65/66B | €154 | €91 | -€63 | -41.0% |
| Recurring financial charges | 65 | €154 | €91 | -€63 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €10,081 | €31,190 | +€21,109 | +209% |
| Income taxes | 67/77 | €2,620 | €7,500 | +€4,880 | +186% |
| Profit (loss) for the period | 9904 | €7,461 | €23,690 | +€16,229 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €7,461 | €23,690 | +€16,229 | +218% |
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 17 October 2026 via checked.be.