KUBE: 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.
KUBE
Largest movements
- Receivables within one year +€52,196
up €52,196 (+14.1%), from €370,661 to €422,857
of which Other amounts receivable: +€213,181
- Tangible fixed assets -€31,603
down €31,603 (-14.4%), from €219,057 to €187,454
of which Land and buildings: -€32,198
- Stocks and contracts +€10,000
up €10,000 (+12.4%), from €80,723 to €90,723
of which Contracts in progress: +€10,000
- Short-term financial debts -€228,230
down €228,230 (-81.6%), from €279,691 to €51,462
- Debts after one year +€200,426
up €200,426 (+278%), from €72,077 to €272,502
- Other debts +€36,524
up €36,524 (+172%), from €21,216 to €57,740
- Accrued charges and deferred income +€24,361
new in 2024: €24,361
- Trade debts -€8,360
down €8,360 (-6.7%), from €125,269 to €116,909
- Depreciation -€7,947
down €7,947 (-43.5%), from €18,250 to €10,302
- Gross operating margin -€3,813
down €3,813 (-5.4%), from €70,505 to €66,692
- Financial charges +€3,797
up €3,797 (+10.4%), from €36,670 to €40,468
of which Financial charges: +€3,828
- Taxes +€3,171
up €3,171 (+59.0%), from €5,378 to €8,550
- Other operating charges -€934
down €934 (-75.5%), from €1,237 to €303
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,097 | €713,848 | +€28,751 | +4.2% |
| Fixed assets | 21/28 | €229,978 | €198,375 | -€31,603 | -13.7% |
| Tangible fixed assets | 22/27 | €219,057 | €187,454 | -€31,603 | -14.4% |
| Land and buildings | 22 | €219,057 | €186,859 | -€32,198 | -14.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | €595 | +€595 | |
| Financial fixed assets | 28 | €10,921 | €10,921 | = | 0.0% |
| Current assets | 29/58 | €455,119 | €515,473 | +€60,354 | +13.3% |
| Stocks and contracts in progress | 3 | €80,723 | €90,723 | +€10,000 | +12.4% |
| Stocks | 30/36 | €20,723 | €20,723 | = | 0.0% |
| Contracts in progress | 37 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Amounts receivable within one year | 40/41 | €370,661 | €422,857 | +€52,196 | +14.1% |
| Trade receivables | 40 | €370,661 | €209,676 | -€160,985 | -43.4% |
| Other amounts receivable | 41 | €0 | €213,181 | +€213,181 | |
| Cash at bank and in hand | 54/58 | €2,312 | €1,892 | -€419 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,422 | - | -€1,422 | |
| Total equity and liabilities | 10/49 | €685,097 | €713,848 | +€28,751 | +4.2% |
| Equity | 10/15 | €155,080 | €160,627 | +€5,547 | +3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €115,616 | €122,411 | +€6,794 | +5.9% |
| Investment grants | 15 | €17,464 | €16,216 | -€1,247 | -7.1% |
| Amounts payable | 17/49 | €530,016 | €553,221 | +€23,205 | +4.4% |
| Amounts payable after more than one year | 17 | €72,077 | €272,502 | +€200,426 | +278% |
| Financial debts | 170/4 | €72,077 | €272,502 | +€200,426 | +278% |
| Amounts payable within one year | 42/48 | €457,940 | €256,358 | -€201,582 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €19,858 | €13,238 | -€6,620 | -33.3% |
| Financial debts | 43 | €279,691 | €51,462 | -€228,230 | -81.6% |
| Credit institutions | 430/8 | €279,691 | €51,462 | -€228,230 | -81.6% |
| Trade debts | 44 | €125,269 | €116,909 | -€8,360 | -6.7% |
| Suppliers | 440/4 | €125,269 | €116,909 | -€8,360 | -6.7% |
| Advances received on contracts in progress | 46 | €1,030 | €1,030 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,876 | €15,978 | +€5,103 | +46.9% |
| Taxes | 450/3 | €10,876 | €15,978 | +€5,103 | +46.9% |
| Other amounts payable | 47/48 | €21,216 | €57,740 | +€36,524 | +172% |
| Accrued charges and deferred income | 492/3 | - | €24,361 | +€24,361 | |
| Remuneration, social security and pensions | 62 | - | €718 | +€718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,250 | €10,302 | -€7,947 | -43.5% |
| Other operating charges | 640/8 | €1,237 | €303 | -€934 | -75.5% |
| Non-recurring operating charges | 66A | €200 | €954 | +€754 | +377% |
| Gross operating margin | 9900 | €70,505 | €66,692 | -€3,813 | -5.4% |
| Operating profit (loss) | 9901 | €50,818 | €54,416 | +€3,597 | +7.1% |
| Financial income | 75/76B | €1,601 | €1,396 | -€205 | -12.8% |
| Recurring financial income | 75 | €1,601 | €1,396 | -€205 | -12.8% |
| Financial charges | 65/66B | €36,670 | €40,468 | +€3,797 | +10.4% |
| Recurring financial charges | 65 | €36,640 | €40,468 | +€3,828 | +10.4% |
| Non-recurring financial charges | 66B | €30 | - | -€30 | |
| Profit (loss) for the period before taxes | 9903 | €15,749 | €15,344 | -€405 | -2.6% |
| Income taxes | 67/77 | €5,378 | €8,550 | +€3,171 | +59.0% |
| Profit (loss) for the period | 9904 | €10,370 | €6,794 | -€3,576 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,370 | €6,794 | -€3,576 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.