CUBX Properties: 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.
What changed
CUBX Properties
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,441
2024 · -€5,232+€2,791
Equity
€53,989
2024 · €56,429-€2,441
Cash
€6,075
2024 · €3,027+€3,048
Balance sheet total
€402,214
2024 · €444,689-€42,475
Largest movements
Assets
- Tangible fixed assets -€47,017
down €47,017 (-10.8%), from €434,841 to €387,824
of which Land and buildings: -€44,492
Equity and liabilities
- Debts after one year -€39,019
down €39,019 (-15.6%), from €250,370 to €211,351
Income statement
- Gross operating margin +€2,185
up €2,185 (+3.0%), from €71,920 to €74,105
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.
Result 2024
-€5,232
Gross operating margin
+€2,185
Depreciation
+€218
Other operating charges
+€694
Financial income
+€9
Financial charges
-€315
Result 2025
-€2,441
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.
From operations
+€43,372
Investment
-€1,305
Financing
-€39,019
Cash 2024
€3,027
From operations (derived)
+€43,372
Net result for the year
-€2,441
Depreciation
+€48,322
Receivables within one year
-€1,444
Deferred charges and accrued income
-€50
Trade debts
-€140
Tax, wage and social debts
-€625
Other debts
-€1,669
Accrued charges and deferred income
+€1,418
Investment (derived)
-€1,305
Investment in fixed assets (net)
-€1,305
Financing
-€39,019
Debts after one year
-€39,019
Cash 2025
€6,075
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,689 | €402,214 | -€42,475 | -9.6% |
| Fixed assets | 21/28 | €434,841 | €387,824 | -€47,017 | -10.8% |
| Tangible fixed assets | 22/27 | €434,841 | €387,824 | -€47,017 | -10.8% |
| Land and buildings | 22 | €422,938 | €378,445 | -€44,492 | -10.5% |
| Plant, machinery and equipment | 23 | €5,642 | €739 | -€4,903 | -86.9% |
| Furniture and vehicles | 24 | €6,262 | €8,640 | +€2,378 | +38.0% |
| Current assets | 29/58 | €9,848 | €14,390 | +€4,542 | +46.1% |
| Amounts receivable within one year | 40/41 | €5,829 | €7,274 | +€1,444 | +24.8% |
| Trade receivables | 40 | €5,509 | €7,258 | +€1,749 | +31.7% |
| Other amounts receivable | 41 | €320 | €16 | -€304 | -95.2% |
| Cash at bank and in hand | 54/58 | €3,027 | €6,075 | +€3,048 | +100.7% |
| Deferred charges and accrued income | 490/1 | €991 | €1,041 | +€50 | +5.0% |
| Total equity and liabilities | 10/49 | €444,689 | €402,214 | -€42,475 | -9.6% |
| Equity | 10/15 | €56,429 | €53,989 | -€2,441 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,829 | €35,389 | -€2,441 | -6.5% |
| Tax-exempt reserves | 132 | €6,644 | €6,644 | = | 0.0% |
| Distributable reserves | 133 | €31,186 | €28,745 | -€2,441 | -7.8% |
| Amounts payable | 17/49 | €388,259 | €348,225 | -€40,034 | -10.3% |
| Amounts payable after more than one year | 17 | €250,370 | €211,351 | -€39,019 | -15.6% |
| Financial debts | 170/4 | €250,370 | €211,351 | -€39,019 | -15.6% |
| Amounts payable within one year | 42/48 | €133,251 | €130,817 | -€2,434 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €39,019 | €39,019 | = | 0.0% |
| Trade debts | 44 | €1,494 | €1,355 | -€140 | -9.3% |
| Suppliers | 440/4 | €1,494 | €1,355 | -€140 | -9.3% |
| Taxes, remuneration and social security | 45 | €3,835 | €3,210 | -€625 | -16.3% |
| Taxes | 450/3 | €3,835 | €3,210 | -€625 | -16.3% |
| Other amounts payable | 47/48 | €88,902 | €87,234 | -€1,669 | -1.9% |
| Accrued charges and deferred income | 492/3 | €4,639 | €6,057 | +€1,418 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,540 | €48,322 | -€218 | -0.4% |
| Other operating charges | 640/8 | €17,344 | €16,650 | -€694 | -4.0% |
| Gross operating margin | 9900 | €71,920 | €74,105 | +€2,185 | +3.0% |
| Operating profit (loss) | 9901 | €6,036 | €9,133 | +€3,097 | +51.3% |
| Financial income | 75/76B | €0 | €9 | +€9 | |
| Recurring financial income | 75 | €0 | €9 | +€9 | |
| Financial charges | 65/66B | €11,268 | €11,583 | +€315 | +2.8% |
| Recurring financial charges | 65 | €11,268 | €11,583 | +€315 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,232 | -€2,441 | +€2,791 | +53.3% |
| Profit (loss) for the period | 9904 | -€5,232 | -€2,441 | +€2,791 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,232 | -€2,441 | +€2,791 | +53.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.