HB CUBE: 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.
HB CUBE
Largest movements
- Receivables within one year +€14,688
up €14,688 (+93.3%), from €15,737 to €30,425
of which Other amounts receivable: +€8,437
- Cash -€11,152
down €11,152 (-46.6%), from €23,926 to €12,773
mainly Receivables within one year (-€14,688) and Investment in fixed assets (net) (-€5,032)
- Tangible fixed assets +€2,830
up €2,830 (+195%), from €1,449 to €4,279
of which Plant, machinery and equipment: +€1,922
- Deferred charges and accrued income -€1,117
down €1,117 (-71.5%), from €1,563 to €446
- Profit (loss) carried forward +€5,003
up €5,003 (+46.1%), from €10,861 to €15,864
- Other debts -€2,211
down €2,211 (-28.9%), from €7,656 to €5,445
- Trade debts +€1,730
new in 2025: €1,730
- Tax, wage and social debts +€710
up €710 (+19.2%), from €3,698 to €4,407
of which Taxes: +€3,280
- Gross operating margin -€4,550
down €4,550 (-30.8%), from €14,788 to €10,238
- Other operating charges -€3,839
down €3,839 (-69.9%), from €5,492 to €1,653
- Financial charges -€2,555
down €2,555 (-95.0%), from €2,688 to €133
- Depreciation -€1,576
down €1,576 (-41.7%), from €3,779 to €2,202
- Taxes +€1,247
new in 2025: €1,247
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 | €42,674 | €47,923 | +€5,248 | +12.3% |
| Fixed assets | 21/28 | €1,449 | €4,279 | +€2,830 | +195% |
| Tangible fixed assets | 22/27 | €1,449 | €4,279 | +€2,830 | +195% |
| Plant, machinery and equipment | 23 | €1,449 | €3,371 | +€1,922 | +133% |
| Furniture and vehicles | 24 | - | €908 | +€908 | |
| Current assets | 29/58 | €41,226 | €43,644 | +€2,418 | +5.9% |
| Amounts receivable within one year | 40/41 | €15,737 | €30,425 | +€14,688 | +93.3% |
| Trade receivables | 40 | €10,363 | €16,614 | +€6,251 | +60.3% |
| Other amounts receivable | 41 | €5,374 | €13,811 | +€8,437 | +157% |
| Cash at bank and in hand | 54/58 | €23,926 | €12,773 | -€11,152 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,563 | €446 | -€1,117 | -71.5% |
| Total equity and liabilities | 10/49 | €42,674 | €47,923 | +€5,248 | +12.3% |
| Equity | 10/15 | €31,321 | €36,324 | +€5,003 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,861 | €15,864 | +€5,003 | +46.1% |
| Amounts payable | 17/49 | €11,353 | €11,599 | +€246 | +2.2% |
| Amounts payable within one year | 42/48 | €11,353 | €11,582 | +€229 | +2.0% |
| Trade debts | 44 | - | €1,730 | +€1,730 | |
| Suppliers | 440/4 | - | €1,730 | +€1,730 | |
| Taxes, remuneration and social security | 45 | €3,698 | €4,407 | +€710 | +19.2% |
| Taxes | 450/3 | €1,127 | €4,407 | +€3,280 | +291% |
| Remuneration and social security | 454/9 | €2,571 | - | -€2,571 | |
| Other amounts payable | 47/48 | €7,656 | €5,445 | -€2,211 | -28.9% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,779 | €2,202 | -€1,576 | -41.7% |
| Other operating charges | 640/8 | €5,492 | €1,653 | -€3,839 | -69.9% |
| Non-recurring operating charges | 66A | €6,331 | - | -€6,331 | |
| Gross operating margin | 9900 | €14,788 | €10,238 | -€4,550 | -30.8% |
| Operating profit (loss) | 9901 | -€814 | €6,384 | +€7,197 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,688 | €133 | -€2,555 | -95.0% |
| Recurring financial charges | 65 | €2,688 | €133 | -€2,555 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,499 | €6,250 | +€9,749 | |
| Income taxes | 67/77 | - | €1,247 | +€1,247 | |
| Profit (loss) for the period | 9904 | -€3,499 | €5,003 | +€8,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,499 | €5,003 | +€8,502 |
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 15 October 2026 via checked.be.