KubeKonsult: 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.
KubeKonsult
Largest movements
- Tangible fixed assets +€521,804
up €521,804 (+196%), from €266,395 to €788,199
of which Land and buildings: +€430,762
- Cash -€139,487
down €139,487 (-39.4%), from €354,350 to €214,863
mainly Investment in fixed assets (net) (-€585,229) and Net result for the year (-€43,411)
- Receivables within one year +€19,039
up €19,039 (+14.0%), from €136,230 to €155,269
of which Other amounts receivable: +€21,907
- Debts after one year +€435,106
up €435,106 (+386%), from €112,841 to €547,947
- Profit (loss) carried forward -€43,411
down €43,411 (-9.5%), from €455,608 to €412,196
- Current portion of long-term debt +€15,106
up €15,106 (+179%), from €8,433 to €23,538
- Gross operating margin -€78,293
down €78,293 (-39.2%), from €199,788 to €121,495
- Taxes -€53,302
down €53,302 (-97.8%), from €54,523 to €1,221
- Depreciation +€33,683
up €33,683 (+113%), from €29,742 to €63,425
- Financial charges +€8,511
up €8,511 (+207%), from €4,118 to €12,629
- Staff costs -€4,917
down €4,917 (-5.3%), from €93,076 to €88,159
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 | €760,570 | €1,167,300 | +€406,730 | +53.5% |
| Fixed assets | 21/28 | €266,758 | €788,562 | +€521,804 | +196% |
| Tangible fixed assets | 22/27 | €266,395 | €788,199 | +€521,804 | +196% |
| Land and buildings | 22 | €201,602 | €632,364 | +€430,762 | +214% |
| Plant, machinery and equipment | 23 | €9,677 | €115,225 | +€105,548 | +1,091% |
| Furniture and vehicles | 24 | €32,057 | €19,877 | -€12,179 | -38.0% |
| Other tangible fixed assets | 26 | €23,059 | €20,732 | -€2,327 | -10.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €493,811 | €378,738 | -€115,074 | -23.3% |
| Amounts receivable after more than one year | 29 | €3,200 | €8,400 | +€5,200 | +163% |
| Other amounts receivable | 291 | €3,200 | €8,400 | +€5,200 | +163% |
| Amounts receivable within one year | 40/41 | €136,230 | €155,269 | +€19,039 | +14.0% |
| Trade receivables | 40 | €135,360 | €132,491 | -€2,868 | -2.1% |
| Other amounts receivable | 41 | €870 | €22,777 | +€21,907 | +2,518% |
| Cash at bank and in hand | 54/58 | €354,350 | €214,863 | -€139,487 | -39.4% |
| Deferred charges and accrued income | 490/1 | €32 | €206 | +€174 | +544% |
| Total equity and liabilities | 10/49 | €760,570 | €1,167,300 | +€406,730 | +53.5% |
| Equity | 10/15 | €482,468 | €439,056 | -€43,411 | -9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,660 | €20,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,800 | €18,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €455,608 | €412,196 | -€43,411 | -9.5% |
| Amounts payable | 17/49 | €278,102 | €728,243 | +€450,141 | +162% |
| Amounts payable after more than one year | 17 | €112,841 | €547,947 | +€435,106 | +386% |
| Financial debts | 170/4 | €112,841 | €547,947 | +€435,106 | +386% |
| Amounts payable within one year | 42/48 | €165,261 | €180,296 | +€15,035 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €8,433 | €23,538 | +€15,106 | +179% |
| Trade debts | 44 | €113,315 | €113,123 | -€192 | -0.2% |
| Suppliers | 440/4 | €113,315 | €113,123 | -€192 | -0.2% |
| Taxes, remuneration and social security | 45 | €43,453 | €41,998 | -€1,455 | -3.3% |
| Taxes | 450/3 | €31,085 | €29,494 | -€1,590 | -5.1% |
| Remuneration and social security | 454/9 | €12,368 | €12,503 | +€135 | +1.1% |
| Other amounts payable | 47/48 | €62 | €1,637 | +€1,576 | +2,559% |
| Remuneration, social security and pensions | 62 | €93,076 | €88,159 | -€4,917 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,742 | €63,425 | +€33,683 | +113% |
| Other operating charges | 640/8 | €1,402 | €2,040 | +€638 | +45.5% |
| Non-recurring operating charges | 66A | - | €221 | +€221 | |
| Gross operating margin | 9900 | €199,788 | €121,495 | -€78,293 | -39.2% |
| Operating profit (loss) | 9901 | €75,569 | -€32,350 | -€107,919 | |
| Financial income | 75/76B | €3,904 | €2,788 | -€1,116 | -28.6% |
| Recurring financial income | 75 | €3,904 | €2,788 | -€1,116 | -28.6% |
| Financial charges | 65/66B | €4,118 | €12,629 | +€8,511 | +207% |
| Recurring financial charges | 65 | €4,118 | €12,629 | +€8,511 | +207% |
| Profit (loss) for the period before taxes | 9903 | €75,355 | -€42,190 | -€117,545 | |
| Transfer from deferred taxes | 780 | €30,480 | - | -€30,480 | |
| Income taxes | 67/77 | €54,523 | €1,221 | -€53,302 | -97.8% |
| Profit (loss) for the period | 9904 | €51,312 | -€43,411 | -€94,723 | |
| Transfer from tax-exempt reserves | 789 | €91,440 | - | -€91,440 | |
| Profit (loss) for the period to be appropriated | 9905 | €142,751 | -€43,411 | -€186,163 |
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 14 October 2026 via checked.be.