KUBIEK: 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.
KUBIEK
Largest movements
- Cash -€14,322
down €14,322 (-39.7%), from €36,106 to €21,784
mainly Debts after one year (-€11,103) and Stocks and contracts (-€10,408)
- Tangible fixed assets -€13,090
down €13,090 (-15.3%), from €85,627 to €72,538
of which Leasing and similar rights: -€13,251
- Stocks and contracts +€10,408
up €10,408 (+1.8%), from €565,118 to €575,526
- Debts after one year -€11,103
down €11,103 (-3.8%), from €295,663 to €284,561
of which Financial debts: -€11,103
- Other debts -€9,877
down €9,877 (-11.3%), from €87,556 to €77,679
- Gross operating margin -€22,030
down €22,030 (-45.7%), from €48,193 to €26,162
- Financial income +€2,388
up €2,388 (+125%), from €1,910 to €4,297
- Other operating charges -€523
down €523 (-46.7%), from €1,120 to €596
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 | €718,179 | €704,685 | -€13,494 | -1.9% |
| Fixed assets | 21/28 | €93,172 | €80,083 | -€13,090 | -14.0% |
| Tangible fixed assets | 22/27 | €85,627 | €72,538 | -€13,090 | -15.3% |
| Plant, machinery and equipment | 23 | €17,435 | €18,085 | +€651 | +3.7% |
| Furniture and vehicles | 24 | €5,859 | €4,873 | -€986 | -16.8% |
| Leasing and similar rights | 25 | €53,113 | €39,862 | -€13,251 | -24.9% |
| Other tangible fixed assets | 26 | €9,221 | €9,718 | +€497 | +5.4% |
| Financial fixed assets | 28 | €7,545 | €7,545 | = | 0.0% |
| Current assets | 29/58 | €625,007 | €624,602 | -€405 | -0.1% |
| Stocks and contracts in progress | 3 | €565,118 | €575,526 | +€10,408 | +1.8% |
| Stocks | 30/36 | €565,118 | €575,526 | +€10,408 | +1.8% |
| Amounts receivable within one year | 40/41 | €16,656 | €17,002 | +€346 | +2.1% |
| Trade receivables | 40 | €9,377 | €7,856 | -€1,522 | -16.2% |
| Other amounts receivable | 41 | €7,279 | €9,146 | +€1,868 | +25.7% |
| Cash at bank and in hand | 54/58 | €36,106 | €21,784 | -€14,322 | -39.7% |
| Deferred charges and accrued income | 490/1 | €7,127 | €10,290 | +€3,163 | +44.4% |
| Total equity and liabilities | 10/49 | €718,179 | €704,685 | -€13,494 | -1.9% |
| Equity | 10/15 | €288,824 | €292,678 | +€3,854 | +1.3% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €20,224 | €24,078 | +€3,854 | +19.1% |
| Distributable reserves | 133 | €20,224 | €24,078 | +€3,854 | +19.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €429,355 | €412,007 | -€17,348 | -4.0% |
| Amounts payable after more than one year | 17 | €295,663 | €284,561 | -€11,103 | -3.8% |
| Financial debts | 170/4 | €45,663 | €34,561 | -€11,103 | -24.3% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €133,692 | €127,446 | -€6,246 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €10,556 | €11,103 | +€547 | +5.2% |
| Trade debts | 44 | €35,580 | €38,665 | +€3,085 | +8.7% |
| Suppliers | 440/4 | €35,580 | €38,665 | +€3,085 | +8.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €87,556 | €77,679 | -€9,877 | -11.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,775 | €21,995 | +€220 | +1.0% |
| Other operating charges | 640/8 | €1,120 | €596 | -€523 | -46.7% |
| Gross operating margin | 9900 | €48,193 | €26,162 | -€22,030 | -45.7% |
| Operating profit (loss) | 9901 | €25,298 | €3,570 | -€21,727 | -85.9% |
| Financial income | 75/76B | €1,910 | €4,297 | +€2,388 | +125% |
| Recurring financial income | 75 | €1,910 | €4,297 | +€2,388 | +125% |
| Financial charges | 65/66B | €4,410 | €4,014 | -€396 | -9.0% |
| Recurring financial charges | 65 | €4,410 | €4,014 | -€396 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €22,797 | €3,854 | -€18,943 | -83.1% |
| Profit (loss) for the period | 9904 | €22,797 | €3,854 | -€18,943 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,797 | €3,854 | -€18,943 | -83.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.