De Kubus: 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.
De Kubus
Largest movements
- Tangible fixed assets +€701,788
up €701,788 (+6.4%), from €10.9m to €11.6m
of which Land and buildings: +€2.2m
- Receivables within one year -€641,145
down €641,145 (-60.6%), from €1.1m to €417,470
of which Other amounts receivable: -€701,744
- Cash +€55,687
up €55,687 (+3.0%), from €1.8m to €1.9m
- Deferred charges and accrued income -€1,910
no longer reported in 2023 (was €1,910)
- Investment grants -€322,300
down €322,300 (-5.4%), from €6.0m to €5.7m
- Debts after one year +€318,845
up €318,845 (+9.2%), from €3.5m to €3.8m
of which Financial debts: +€320,345
- Profit (loss) carried forward +€58,617
up €58,617 (+2.3%), from €2.6m to €2.6m
- Accrued charges and deferred income +€46,340
up €46,340 (+6.5%), from €707,813 to €754,154
- Current portion of long-term debt +€42,943
up €42,943 (+36.7%), from €117,146 to €160,089
- Other operating income -€358,172
down €358,172 (-52.8%), from €678,158 to €319,987
- Depreciation +€76,678
up €76,678 (+15.0%), from €510,886 to €587,563
- Services and other goods +€74,397
up €74,397 (+8.1%), from €914,481 to €988,878
- Turnover +€63,263
up €63,263 (+45.7%), from €138,342 to €201,605
- Staff costs +€37,116
up €37,116 (+39.8%), from €93,311 to €130,428
From the 2022 result to the 2023 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Fixed assets | 21/28 | €10,941,369 | €11,643,156 | +€701,788 | +6.4% |
| Tangible fixed assets | 22/27 | €10,941,369 | €11,643,156 | +€701,788 | +6.4% |
| Land and buildings | 22 | €6,943,642 | €9,186,691 | +€2.2m | +32.3% |
| Plant, machinery and equipment | 23 | €297,989 | €254,538 | -€43,451 | -14.6% |
| Furniture and vehicles | 24 | €85,461 | €81,911 | -€3,551 | -4.2% |
| Leasing and similar rights | 25 | €656,816 | €641,135 | -€15,682 | -2.4% |
| Other tangible fixed assets | 26 | €256,628 | €230,615 | -€26,013 | -10.1% |
| Assets under construction and advance payments | 27 | €2,700,832 | €1,248,267 | -€1.5m | -53.8% |
| Current assets | 29/58 | €2,892,577 | €2,305,209 | -€587,367 | -20.3% |
| Amounts receivable within one year | 40/41 | €1,058,615 | €417,470 | -€641,145 | -60.6% |
| Trade receivables | 40 | €1,078,337 | €1,138,937 | +€60,599 | +5.6% |
| Other amounts receivable | 41 | -€19,722 | -€721,467 | -€701,744 | -3,558% |
| Cash at bank and in hand | 54/58 | €1,832,052 | €1,887,739 | +€55,687 | +3.0% |
| Deferred charges and accrued income | 490/1 | €1,910 | - | -€1,910 | |
| Total equity and liabilities | 10/49 | €13,833,945 | €13,948,365 | +€114,420 | +0.8% |
| Equity | 10/15 | €9,434,131 | €9,170,448 | -€263,683 | -2.8% |
| Contributions | 10/11 | €852,233 | €852,233 | = | 0.0% |
| Capital | 10 | €852,233 | €852,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,571,587 | €2,630,204 | +€58,617 | +2.3% |
| Investment grants | 15 | €6,010,312 | €5,688,012 | -€322,300 | -5.4% |
| Amounts payable | 17/49 | €4,399,814 | €4,777,917 | +€378,103 | +8.6% |
| Amounts payable after more than one year | 17 | €3,469,838 | €3,788,683 | +€318,845 | +9.2% |
| Financial debts | 170/4 | €2,632,198 | €2,952,543 | +€320,345 | +12.2% |
| Leasing and similar obligations | 172 | €961,661 | €1,134,008 | +€172,347 | +17.9% |
| Credit institutions | 173 | €1,570,537 | €1,738,535 | +€167,998 | +10.7% |
| Other loans | 174 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Other amounts payable | 178/9 | €837,640 | €836,140 | -€1,500 | -0.2% |
| Amounts payable within one year | 42/48 | €222,163 | €235,080 | +€12,918 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €117,146 | €160,089 | +€42,943 | +36.7% |
| Trade debts | 44 | €104,899 | €77,468 | -€27,431 | -26.2% |
| Advances received on contracts in progress | 46 | - | -€1,486 | -€1,486 | |
| Taxes, remuneration and social security | 45 | €117 | -€990 | -€1,107 | |
| Taxes | 450/3 | -€169 | -€169 | = | 0.0% |
| Remuneration and social security | 454/9 | €287 | -€821 | -€1,107 | |
| Accrued charges and deferred income | 492/3 | €707,813 | €754,154 | +€46,340 | +6.5% |
| Turnover | 70 | €138,342 | €201,605 | +€63,263 | +45.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,926 | €33,042 | +€31,116 | +1,616% |
| Membership fees, donations, legacies and grants | 73 | €1,594,721 | €1,640,230 | +€45,509 | +2.9% |
| Other operating income | 74 | €678,158 | €319,987 | -€358,172 | -52.8% |
| Goods for resale, raw materials and consumables | 60 | €112,364 | €120,536 | +€8,172 | +7.3% |
| Services and other goods | 61 | €914,481 | €988,878 | +€74,397 | +8.1% |
| Remuneration, social security and pensions | 62 | €93,311 | €130,428 | +€37,116 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510,886 | €587,563 | +€76,678 | +15.0% |
| Recurring financial income | 75 | €6 | €3,729 | +€3,724 | +65,903% |
| Recurring financial charges | 65 | -€33,377 | -€44,010 | -€10,633 | -31.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.