FCUBE: 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.
What changed
FCUBE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €6.0m-€3.9m
Equity
€50.0m
2024 · €48.0m+€2.0m
Cash
€216,067
2024 · €3.9m-€3.7m
Balance sheet total
€58.0m
2024 · €57.5m+€556,224
Largest movements
Assets
- Receivables within one year +€4.3m
up €4.3m (+49.5%), from €8.6m to €12.9m
- Cash -€3.7m
down €3.7m (-94.5%), from €3.9m to €216,067
mainly Receivables within one year (-€4.3m) and Debts after one year (-€1.7m)
- Financial fixed assets -€2.3m
down €2.3m (-5.5%), from €41.8m to €39.6m
- Tangible fixed assets +€2.2m
up €2.2m (+72.9%), from €3.1m to €5.3m
of which Land and buildings: +€2.3m
Equity and liabilities
- Profit (loss) carried forward +€2.0m
up €2.0m (+8.0%), from €25.0m to €27.0m
- Debts after one year -€1.7m
down €1.7m (-25.4%), from €6.7m to €5.0m
Income statement
- Financial charges +€2.2m
up €2.2m (+685%), from €326,845 to €2.6m
- Financial income -€1.6m
down €1.6m (-25.3%), from €6.3m to €4.7m
- Turnover +€518,392
up €518,392 (+68.6%), from €755,455 to €1.3m
- Services and other goods +€269,337
up €269,337 (+134%), from €201,451 to €470,788
- Staff costs +€232,808
up €232,808 (+75.6%), from €308,053 to €540,861
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
€6.0m
Turnover
+€518,392
Other operating income
+€60,972
Goods and materials
+€448
Services and other goods
-€269,337
Staff costs
-€232,808
Depreciation
-€96,666
Other operating charges
-€27,650
Financial income
-€1.6m
Financial charges
-€2.2m
Taxes
+€10,852
Result 2025
€2.2m
raises the resultlowers the result
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.
From operations
-€1.8m
Investment
-€245,908
Financing
-€1.7m
Cash 2024
€3.9m
From operations (derived)
-€1.8m
Net result for the year
+€2.2m
Depreciation
+€286,271
Smaller working-capital items
+€3,437
Receivables within one year
-€4.3m
Deferred charges and accrued income
-€15,412
Trade debts
+€32,710
Tax, wage and social debts
+€38,198
Investment (derived)
-€245,908
Investment in fixed assets (net)
-€245,908
Financing
-€1.7m
Debts after one year
-€1.7m
Current portion of long-term debt
+€185,259
Contributions, distributions and other
-€150,000
Cash 2025
€216,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,487,513 | €58,043,737 | +€556,224 | +1.0% |
| Fixed assets | 21/28 | €44,914,659 | €44,874,296 | -€40,363 | -0.1% |
| Intangible fixed assets | 21 | €3,203 | €2,212 | -€991 | -30.9% |
| Tangible fixed assets | 22/27 | €3,075,657 | €5,316,949 | +€2.2m | +72.9% |
| Land and buildings | 22 | €1,258,305 | €3,581,773 | +€2.3m | +185% |
| Plant, machinery and equipment | 23 | €51,496 | €50,289 | -€1,207 | -2.3% |
| Furniture and vehicles | 24 | €259,106 | €621,139 | +€362,032 | +140% |
| Other tangible fixed assets | 26 | €197,390 | €757,739 | +€560,349 | +284% |
| Assets under construction and advance payments | 27 | €1,309,360 | €306,010 | -€1.0m | -76.6% |
| Financial fixed assets | 28 | €41,835,799 | €39,555,135 | -€2.3m | -5.5% |
| Affiliated companies | 280/1 | €41,835,799 | €39,555,135 | -€2.3m | -5.5% |
| Participating interests | 280 | €41,835,799 | €39,555,135 | -€2.3m | -5.5% |
| Current assets | 29/58 | €12,572,854 | €13,169,441 | +€596,587 | +4.7% |
| Stocks and contracts in progress | 3 | €3,432 | €250 | -€3,182 | -92.7% |
| Stocks | 30/36 | €3,432 | €250 | -€3,182 | -92.7% |
| Advance payments | 36 | €3,432 | €250 | -€3,182 | -92.7% |
| Amounts receivable within one year | 40/41 | €8,645,008 | €12,922,227 | +€4.3m | +49.5% |
| Other amounts receivable | 41 | €8,645,008 | €12,922,227 | +€4.3m | +49.5% |
| Cash at bank and in hand | 54/58 | €3,908,928 | €216,067 | -€3.7m | -94.5% |
| Deferred charges and accrued income | 490/1 | €15,486 | €30,898 | +€15,412 | +99.5% |
| Total equity and liabilities | 10/49 | €57,487,513 | €58,043,737 | +€556,224 | +1.0% |
| Equity | 10/15 | €48,025,111 | €50,028,506 | +€2.0m | +4.2% |
| Contributions | 10/11 | €20,961,500 | €20,961,500 | = | 0.0% |
| Capital | 10 | €20,961,500 | €20,961,500 | = | 0.0% |
| Issued capital | 100 | €20,961,500 | €20,961,500 | = | 0.0% |
| Reserves | 13 | €2,096,150 | €2,096,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,096,150 | €2,096,150 | = | 0.0% |
| Legal reserve | 130 | €2,096,150 | €2,096,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,967,461 | €26,970,856 | +€2.0m | +8.0% |
| Amounts payable | 17/49 | €9,462,401 | €8,015,231 | -€1.4m | -15.3% |
| Amounts payable after more than one year | 17 | €6,710,571 | €5,006,979 | -€1.7m | -25.4% |
| Financial debts | 170/4 | €6,710,571 | €5,006,979 | -€1.7m | -25.4% |
| Credit institutions | 173 | €6,710,571 | €5,006,979 | -€1.7m | -25.4% |
| Amounts payable within one year | 42/48 | €2,751,830 | €3,008,253 | +€256,423 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €2,440,976 | €2,626,235 | +€185,259 | +7.6% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €73,817 | €106,527 | +€32,710 | +44.3% |
| Suppliers | 440/4 | €73,817 | €106,527 | +€32,710 | +44.3% |
| Taxes, remuneration and social security | 45 | €64,871 | €103,069 | +€38,198 | +58.9% |
| Taxes | 450/3 | €50,274 | €59,639 | +€9,365 | +18.6% |
| Remuneration and social security | 454/9 | €14,597 | €43,431 | +€28,833 | +198% |
| Other amounts payable | 47/48 | €172,166 | €172,422 | +€255 | +0.1% |
| Operating income | 70/76A | €763,684 | €1,343,047 | +€579,364 | +75.9% |
| Turnover | 70 | €755,455 | €1,273,847 | +€518,392 | +68.6% |
| Other operating income | 74 | €8,229 | €69,200 | +€60,972 | +741% |
| Operating charges | 60/66A | €755,275 | €1,381,289 | +€626,013 | +82.9% |
| Goods for resale, raw materials and consumables | 60 | €16,408 | €15,959 | -€448 | -2.7% |
| Purchases | 600/8 | €16,408 | €15,959 | -€448 | -2.7% |
| Services and other goods | 61 | €201,451 | €470,788 | +€269,337 | +134% |
| Remuneration, social security and pensions | 62 | €308,053 | €540,861 | +€232,808 | +75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,605 | €286,271 | +€96,666 | +51.0% |
| Other operating charges | 640/8 | €39,758 | €67,409 | +€27,650 | +69.5% |
| Operating profit (loss) | 9901 | €8,408 | -€38,241 | -€46,650 | |
| Financial income | 75/76B | €6,349,901 | €4,744,751 | -€1.6m | -25.3% |
| Recurring financial income | 75 | €6,349,901 | €4,744,751 | -€1.6m | -25.3% |
| Income from financial fixed assets | 750 | €6,137,828 | €4,612,564 | -€1.5m | -24.9% |
| Income from current assets | 751 | €212,073 | €132,187 | -€79,886 | -37.7% |
| Financial charges | 65/66B | €326,845 | €2,565,567 | +€2.2m | +685% |
| Recurring financial charges | 65 | €326,845 | €2,565,567 | +€2.2m | +685% |
| Debt charges | 650 | €326,845 | €2,565,567 | +€2.2m | +685% |
| Profit (loss) for the period before taxes | 9903 | €6,031,464 | €2,140,943 | -€3.9m | -64.5% |
| Income taxes | 67/77 | -€1,600 | -€12,451 | -€10,852 | -678% |
| Taxes | 670/3 | - | €1,989 | +€1,989 | |
| Tax adjustments and reversals of tax provisions | 77 | €1,600 | €14,440 | +€12,840 | +803% |
| Profit (loss) for the period | 9904 | €6,033,064 | €2,153,395 | -€3.9m | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,033,064 | €2,153,395 | -€3.9m | -64.3% |
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 13 October 2026 via checked.be.