Kube: 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.
Kube
Largest movements
- Receivables within one year +€5,272
up €5,272 (+91.1%), from €5,785 to €11,057
of which Other amounts receivable: +€2,781
- Tangible fixed assets -€3,850
down €3,850 (-36.3%), from €10,607 to €6,757
of which Furniture and vehicles: -€3,229
- Deferred charges and accrued income -€1,165
down €1,165 (-75.4%), from €1,545 to €381
- Cash -€846
down €846 (-1.6%), from €52,162 to €51,316
mainly Receivables within one year (-€5,272) and Trade debts (-€3,301)
- Reserves +€4,015
up €4,015 (+7.3%), from €54,908 to €58,924
- Trade debts -€3,301
down €3,301 (-82.8%), from €3,986 to €686
- Tax, wage and social debts -€1,126
down €1,126 (-15.8%), from €7,121 to €5,996
of which Taxes: -€3,126
- Gross operating margin -€21,718
down €21,718 (-69.7%), from €31,154 to €9,436
- Taxes -€4,658
down €4,658 (-79.2%), from €5,879 to €1,221
- Depreciation +€551
up €551 (+15.4%), from €3,578 to €4,129
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,100 | €69,510 | -€589 | -0.8% |
| Fixed assets | 21/28 | €10,607 | €6,757 | -€3,850 | -36.3% |
| Tangible fixed assets | 22/27 | €10,607 | €6,757 | -€3,850 | -36.3% |
| Plant, machinery and equipment | 23 | €872 | €452 | -€420 | -48.2% |
| Furniture and vehicles | 24 | €9,534 | €6,305 | -€3,229 | -33.9% |
| Other tangible fixed assets | 26 | €201 | €0 | -€201 | -100.0% |
| Current assets | 29/58 | €59,493 | €62,754 | +€3,261 | +5.5% |
| Amounts receivable within one year | 40/41 | €5,785 | €11,057 | +€5,272 | +91.1% |
| Trade receivables | 40 | €5,785 | €8,276 | +€2,491 | +43.1% |
| Other amounts receivable | 41 | - | €2,781 | +€2,781 | |
| Cash at bank and in hand | 54/58 | €52,162 | €51,316 | -€846 | -1.6% |
| Deferred charges and accrued income | 490/1 | €1,545 | €381 | -€1,165 | -75.4% |
| Total equity and liabilities | 10/49 | €70,100 | €69,510 | -€589 | -0.8% |
| Equity | 10/15 | €56,908 | €60,924 | +€4,015 | +7.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,908 | €58,924 | +€4,015 | +7.3% |
| Distributable reserves | 133 | €54,908 | €58,924 | +€4,015 | +7.3% |
| Amounts payable | 17/49 | €13,191 | €8,587 | -€4,605 | -34.9% |
| Amounts payable within one year | 42/48 | €13,191 | €8,530 | -€4,662 | -35.3% |
| Trade debts | 44 | €3,986 | €686 | -€3,301 | -82.8% |
| Suppliers | 440/4 | €3,986 | €686 | -€3,301 | -82.8% |
| Taxes, remuneration and social security | 45 | €7,121 | €5,996 | -€1,126 | -15.8% |
| Taxes | 450/3 | €7,121 | €3,996 | -€3,126 | -43.9% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €2,084 | €1,849 | -€235 | -11.3% |
| Accrued charges and deferred income | 492/3 | - | €57 | +€57 | |
| Non-recurring operating income | 76A | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,578 | €4,129 | +€551 | +15.4% |
| Other operating charges | 640/8 | €75 | €72 | -€3 | -3.8% |
| Gross operating margin | 9900 | €31,154 | €9,436 | -€21,718 | -69.7% |
| Operating profit (loss) | 9901 | €27,501 | €5,235 | -€22,266 | -81.0% |
| Financial income | 75/76B | €51 | €57 | +€6 | +11.1% |
| Recurring financial income | 75 | €51 | €57 | +€6 | +11.1% |
| Financial charges | 65/66B | €57 | €56 | -€1 | -1.9% |
| Recurring financial charges | 65 | €57 | €56 | -€1 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €27,495 | €5,236 | -€22,259 | -81.0% |
| Income taxes | 67/77 | €5,879 | €1,221 | -€4,658 | -79.2% |
| Profit (loss) for the period | 9904 | €21,616 | €4,015 | -€17,601 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,616 | €4,015 | -€17,601 | -81.4% |
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 4 October 2026 via checked.be.