iCUBES: 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.
iCUBES
Largest movements
- Deferred charges and accrued income +€164,032
up €164,032 (+217%), from €75,752 to €239,784
- Cash -€134,184
down €134,184 (-19.6%), from €684,771 to €550,587
mainly Deferred charges and accrued income (-€164,032) and Net result for the year (-€152,655)
- Receivables within one year +€114,247
up €114,247 (+176%), from €64,839 to €179,087
of which Trade receivables: +€123,811
- Accrued charges and deferred income +€172,552
up €172,552 (+41,671%), from €414 to €172,966
- Profit (loss) carried forward -€152,655
down €152,655 (-37.0%), from -€412,041 to -€564,696
- Trade debts +€73,722
up €73,722 (+38.4%), from €192,128 to €265,850
- Tax, wage and social debts +€50,476
up €50,476 (+436%), from €11,578 to €62,054
- Gross operating margin -€94,284
down €94,284 (-240%), from -€39,298 to -€133,582
- Other operating charges +€14,578
up €14,578 (+172%), from €8,492 to €23,069
- Financial income +€2,905
up €2,905 (+133%), from €2,177 to €5,082
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 | €825,362 | €969,457 | +€144,095 | +17.5% |
| Current assets | 29/58 | €825,362 | €969,457 | +€144,095 | +17.5% |
| Amounts receivable within one year | 40/41 | €64,839 | €179,087 | +€114,247 | +176% |
| Trade receivables | 40 | €41,541 | €165,352 | +€123,811 | +298% |
| Other amounts receivable | 41 | €23,298 | €13,735 | -€9,563 | -41.0% |
| Cash at bank and in hand | 54/58 | €684,771 | €550,587 | -€134,184 | -19.6% |
| Deferred charges and accrued income | 490/1 | €75,752 | €239,784 | +€164,032 | +217% |
| Total equity and liabilities | 10/49 | €825,362 | €969,457 | +€144,095 | +17.5% |
| Equity | 10/15 | €537,740 | €385,085 | -€152,655 | -28.4% |
| Contributions | 10/11 | €922,000 | €922,000 | = | 0.0% |
| Capital | 10 | €922,000 | €922,000 | = | 0.0% |
| Issued capital | 100 | €922,000 | €922,000 | = | 0.0% |
| Reserves | 13 | €27,781 | €27,781 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,781 | €27,781 | = | 0.0% |
| Legal reserve | 130 | €27,781 | €27,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,041 | -€564,696 | -€152,655 | -37.0% |
| Amounts payable | 17/49 | €287,622 | €584,372 | +€296,750 | +103% |
| Amounts payable within one year | 42/48 | €287,208 | €411,406 | +€124,198 | +43.2% |
| Trade debts | 44 | €192,128 | €265,850 | +€73,722 | +38.4% |
| Suppliers | 440/4 | €192,128 | €265,850 | +€73,722 | +38.4% |
| Taxes, remuneration and social security | 45 | €11,578 | €62,054 | +€50,476 | +436% |
| Taxes | 450/3 | €11,578 | €62,054 | +€50,476 | +436% |
| Other amounts payable | 47/48 | €83,502 | €83,502 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €414 | €172,966 | +€172,552 | +41,671% |
| Other operating charges | 640/8 | €8,492 | €23,069 | +€14,578 | +172% |
| Gross operating margin | 9900 | -€39,298 | -€133,582 | -€94,284 | -240% |
| Operating profit (loss) | 9901 | -€47,789 | -€156,651 | -€108,862 | -228% |
| Financial income | 75/76B | €2,177 | €5,082 | +€2,905 | +133% |
| Recurring financial income | 75 | €2,177 | €5,082 | +€2,905 | +133% |
| Financial charges | 65/66B | €1,723 | €1,738 | +€15 | +0.9% |
| Recurring financial charges | 65 | €1,723 | €1,738 | +€15 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€47,336 | -€153,308 | -€105,972 | -224% |
| Income taxes | 67/77 | €653 | -€653 | -€1,306 | |
| Profit (loss) for the period | 9904 | -€47,989 | -€152,655 | -€104,666 | -218% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,989 | -€152,655 | -€104,666 | -218% |
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 1 November 2026 via checked.be.