CUBYTUS4: 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
CUBYTUS4
NACE 16.110, Sawmilling and planing of wood
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€18,958
2024 · -€4,309-€14,649
Equity
€284,090
2024 · €303,048-€18,958
Cash
€25,816
2024 · €45,328-€19,512
Balance sheet total
€1.3m
2024 · €1.4m-€69,054
Largest movements
Assets
- Tangible fixed assets -€97,762
down €97,762 (-8.7%), from €1.1m to €1.0m
of which Land and buildings: -€70,374
- Current investments +€50,000
new in 2025: €50,000
- Cash -€19,512
down €19,512 (-43.0%), from €45,328 to €25,816
mainly Current investments (-€50,000) and Other debts (-€30,599)
Equity and liabilities
- Other debts -€30,599
down €30,599 (-3.5%), from €883,673 to €853,073
- Reserves -€16,555
down €16,555 (-8.6%), from €193,313 to €176,758
of which Tax-exempt reserves: -€16,555
Income statement
- Gross operating margin -€14,236
down €14,236 (-11.3%), from €126,033 to €111,797
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
-€4,309
Gross operating margin
-€14,236
Depreciation
-€323
Other operating charges
-€783
Financial income
+€120
Financial charges
+€579
Taxes
-€6
Result 2025
-€18,958
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
+€42,229
Investment
-€50,182
Financing
-€11,559
Cash 2024
€45,328
From operations (derived)
+€42,229
Net result for the year
-€18,958
Depreciation
+€97,944
Receivables within one year
-€292
Deferred charges and accrued income
+€2,071
Provisions
-€6,954
Trade debts
-€2,979
Tax, wage and social debts
+€1,995
Other debts
-€30,599
Investment (derived)
-€50,182
Investment in fixed assets (net)
-€182
Current investments
-€50,000
Financing
-€11,559
Debts after one year
-€12,057
Current portion of long-term debt
+€498
Cash 2025
€25,816
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,369,254 | €1,300,200 | -€69,054 | -5.0% |
| Fixed assets | 21/28 | €1,129,551 | €1,031,789 | -€97,762 | -8.7% |
| Tangible fixed assets | 22/27 | €1,129,551 | €1,031,789 | -€97,762 | -8.7% |
| Land and buildings | 22 | €1,044,743 | €974,369 | -€70,374 | -6.7% |
| Furniture and vehicles | 24 | €76,145 | €50,099 | -€26,046 | -34.2% |
| Other tangible fixed assets | 26 | €8,662 | €7,320 | -€1,342 | -15.5% |
| Current assets | 29/58 | €239,702 | €268,411 | +€28,708 | +12.0% |
| Amounts receivable within one year | 40/41 | €191,810 | €192,102 | +€292 | +0.2% |
| Trade receivables | 40 | €13,795 | €11,751 | -€2,043 | -14.8% |
| Other amounts receivable | 41 | €178,015 | €180,350 | +€2,335 | +1.3% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €45,328 | €25,816 | -€19,512 | -43.0% |
| Deferred charges and accrued income | 490/1 | €2,564 | €493 | -€2,071 | -80.8% |
| Total equity and liabilities | 10/49 | €1,369,254 | €1,300,200 | -€69,054 | -5.0% |
| Equity | 10/15 | €303,048 | €284,090 | -€18,958 | -6.3% |
| Contributions | 10/11 | €493,868 | €493,868 | = | 0.0% |
| Capital | 10 | €493,868 | €493,868 | = | 0.0% |
| Issued capital | 100 | €500,068 | €500,068 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,313 | €176,758 | -€16,555 | -8.6% |
| Non-distributable reserves | 130/1 | €2,656 | €2,656 | = | 0.0% |
| Legal reserve | 130 | €2,656 | €2,656 | = | 0.0% |
| Tax-exempt reserves | 132 | €190,657 | €174,102 | -€16,555 | -8.7% |
| Profit (loss) carried forward | 14 | -€384,133 | -€386,536 | -€2,403 | -0.6% |
| Provisions and deferred taxes | 16 | €80,086 | €73,132 | -€6,954 | -8.7% |
| Deferred taxes | 168 | €80,086 | €73,132 | -€6,954 | -8.7% |
| Amounts payable | 17/49 | €986,120 | €942,978 | -€43,142 | -4.4% |
| Amounts payable after more than one year | 17 | €86,012 | €73,955 | -€12,057 | -14.0% |
| Financial debts | 170/4 | €67,082 | €56,125 | -€10,957 | -16.3% |
| Other amounts payable | 178/9 | €18,930 | €17,830 | -€1,100 | -5.8% |
| Amounts payable within one year | 42/48 | €900,108 | €869,023 | -€31,085 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €10,459 | €10,957 | +€498 | +4.8% |
| Trade debts | 44 | €4,757 | €1,778 | -€2,979 | -62.6% |
| Suppliers | 440/4 | €4,757 | €1,778 | -€2,979 | -62.6% |
| Taxes, remuneration and social security | 45 | €1,219 | €3,214 | +€1,995 | +163.6% |
| Taxes | 450/3 | €1,219 | €3,214 | +€1,995 | +163.6% |
| Other amounts payable | 47/48 | €883,673 | €853,073 | -€30,599 | -3.5% |
| Non-recurring operating income | 76A | €4,000 | €10,120 | +€6,120 | +153.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,621 | €97,944 | +€323 | +0.3% |
| Other operating charges | 640/8 | €35,118 | €35,901 | +€783 | +2.2% |
| Gross operating margin | 9900 | €126,033 | €111,797 | -€14,236 | -11.3% |
| Operating profit (loss) | 9901 | -€6,706 | -€22,047 | -€15,341 | -228.8% |
| Financial income | 75/76B | - | €120 | +€120 | |
| Recurring financial income | 75 | - | €120 | +€120 | |
| Financial charges | 65/66B | €4,136 | €3,558 | -€579 | -14.0% |
| Recurring financial charges | 65 | €4,136 | €3,558 | -€579 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,842 | -€25,485 | -€14,643 | -135.1% |
| Transfer from deferred taxes | 780 | €6,954 | €6,954 | = | 0.0% |
| Income taxes | 67/77 | €420 | €427 | +€6 | +1.5% |
| Profit (loss) for the period | 9904 | -€4,309 | -€18,958 | -€14,649 | -340.0% |
| Transfer from tax-exempt reserves | 789 | €16,555 | €16,555 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,246 | -€2,403 | -€14,649 |
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 5 October 2026 via checked.be.