Kubik Group: what changed
What changed
Kubik Group
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · €9,096-€1.1m
Equity
€249,719
2024 · €1.4m-€1.1m
Cash
€106,157
2024 · €201,362-€95,205
Balance sheet total
€5.4m
2024 · €6.0m-€581,745
Largest movements
Assets
- Financial fixed assets -€280,959
down €280,959 (-9.0%), from €3.1m to €2.8m
of which Affiliated companies: -€280,000
- Cash -€95,205
down €95,205 (-47.3%), from €201,362 to €106,157
mainly Net result for the year (-€1.1m) and Debts after one year (-€211,629)
- Tangible fixed assets -€78,431
down €78,431 (-4.8%), from €1.6m to €1.5m
of which Land and buildings: -€51,559
- Receivables within one year -€72,287
down €72,287 (-8.2%), from €882,041 to €809,754
of which Other amounts receivable: -€394,319
Equity and liabilities
- Reserves -€1.1m
down €1.1m (-83.0%), from €1.4m to €231,119
- Other debts +€712,252
up €712,252 (+36.5%), from €2.0m to €2.7m
- Debts after one year -€211,629
down €211,629 (-15.1%), from €1.4m to €1.2m
- Tax, wage and social debts +€175,849
up €175,849 (+93.2%), from €188,587 to €364,436
of which Taxes: +€188,933
- Trade debts -€68,700
down €68,700 (-10.2%), from €675,146 to €606,445
Income statement
- Financial charges +€753,827
up €753,827 (+817%), from €92,220 to €846,047
of which Non-recurring financial charges: +€771,870
- Turnover -€560,170
down €560,170 (-22.3%), from €2.5m to €2.0m
- Other operating charges +€214,676
up €214,676 (+189%), from €113,511 to €328,188
- Other operating income +€213,330
up €213,330 (+39.9%), from €534,692 to €748,022
- Services and other goods -€111,737
down €111,737 (-7.6%), from €1.5m to €1.4m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,096
Turnover
-€560,170
Other operating income
+€213,330
Goods and materials
+€58,623
Services and other goods
+€111,737
Staff costs
+€54,887
Depreciation
+€231
Other operating charges
-€214,676
Other operating items
-€56,268
Financial income
-€5,191
Financial charges
-€753,827
Taxes
+€15,059
Result 2025
-€1.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€99,135
Investment
+€280,959
Financing
-€277,028
Cash 2024
€201,362
From operations (derived)
-€99,135
Net result for the year
-€1.1m
Depreciation
+€84,427
Receivables within one year
+€72,287
Deferred charges and accrued income
+€48,867
Provisions
-€2,199
Trade debts
-€68,700
Tax, wage and social debts
+€175,849
Other debts
+€712,252
Accrued charges and deferred income
+€5,250
Investment (derived)
+€280,959
Investment in fixed assets (net)
+€280,959
Financing
-€277,028
Debts after one year
-€211,629
Current portion of long-term debt
-€41,308
Short-term financial debts
-€24,091
Cash 2025
€106,157
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,953,622 | €5,371,877 | -€581,745 | -9.8% |
| Fixed assets | 21/28 | €4,762,906 | €4,397,520 | -€365,386 | -7.7% |
| Intangible fixed assets | 21 | €11,977 | €5,980 | -€5,997 | -50.1% |
| Tangible fixed assets | 22/27 | €1,622,608 | €1,544,177 | -€78,431 | -4.8% |
| Land and buildings | 22 | €1,541,066 | €1,489,507 | -€51,559 | -3.3% |
| Plant, machinery and equipment | 23 | €30,808 | €22,625 | -€8,183 | -26.6% |
| Furniture and vehicles | 24 | €50,734 | €32,046 | -€18,688 | -36.8% |
| Financial fixed assets | 28 | €3,128,321 | €2,847,363 | -€280,959 | -9.0% |
| Affiliated companies | 280/1 | €3,127,263 | €2,847,263 | -€280,000 | -9.0% |
| Participating interests | 280 | €3,127,263 | €2,847,263 | -€280,000 | -9.0% |
| Other financial fixed assets | 284/8 | €1,058 | €99 | -€959 | -90.6% |
| Amounts receivable and cash guarantees | 285/8 | €1,058 | €99 | -€959 | -90.6% |
| Current assets | 29/58 | €1,190,716 | €974,357 | -€216,359 | -18.2% |
| Amounts receivable within one year | 40/41 | €882,041 | €809,754 | -€72,287 | -8.2% |
| Trade receivables | 40 | €152,063 | €474,095 | +€322,032 | +212% |
| Other amounts receivable | 41 | €729,977 | €335,658 | -€394,319 | -54.0% |
| Cash at bank and in hand | 54/58 | €201,362 | €106,157 | -€95,205 | -47.3% |
| Deferred charges and accrued income | 490/1 | €107,313 | €58,446 | -€48,867 | -45.5% |
| Total equity and liabilities | 10/49 | €5,953,622 | €5,371,877 | -€581,745 | -9.8% |
| Equity | 10/15 | €1,376,888 | €249,719 | -€1.1m | -81.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,358,288 | €231,119 | -€1.1m | -83.0% |
| Distributable reserves | 133 | €1,358,288 | €231,119 | -€1.1m | -83.0% |
| Provisions and deferred taxes | 16 | €50,567 | €48,368 | -€2,199 | -4.3% |
| Deferred taxes | 168 | €50,567 | €48,368 | -€2,199 | -4.3% |
| Amounts payable | 17/49 | €4,526,167 | €5,073,790 | +€547,622 | +12.1% |
| Amounts payable after more than one year | 17 | €1,401,457 | €1,189,828 | -€211,629 | -15.1% |
| Financial debts | 170/4 | €1,401,457 | €1,189,828 | -€211,629 | -15.1% |
| Subordinated loans | 170 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 173 | €1,051,457 | €839,828 | -€211,629 | -20.1% |
| Amounts payable within one year | 42/48 | €3,115,522 | €3,869,524 | +€754,001 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €252,937 | €211,629 | -€41,308 | -16.3% |
| Financial debts | 43 | €46,750 | €22,659 | -€24,091 | -51.5% |
| Credit institutions | 430/8 | €46,750 | €22,659 | -€24,091 | -51.5% |
| Trade debts | 44 | €675,146 | €606,445 | -€68,700 | -10.2% |
| Suppliers | 440/4 | €675,146 | €606,445 | -€68,700 | -10.2% |
| Taxes, remuneration and social security | 45 | €188,587 | €364,436 | +€175,849 | +93.2% |
| Taxes | 450/3 | €123,082 | €312,015 | +€188,933 | +154% |
| Remuneration and social security | 454/9 | €65,505 | €52,421 | -€13,084 | -20.0% |
| Other amounts payable | 47/48 | €1,952,103 | €2,664,355 | +€712,252 | +36.5% |
| Accrued charges and deferred income | 492/3 | €9,188 | €14,438 | +€5,250 | +57.1% |
| Operating income | 70/76A | €3,105,523 | €2,702,415 | -€403,108 | -13.0% |
| Turnover | 70 | €2,514,563 | €1,954,393 | -€560,170 | -22.3% |
| Other operating income | 74 | €534,692 | €748,022 | +€213,330 | +39.9% |
| Non-recurring operating income | 76A | €56,268 | - | -€56,268 | |
| Operating charges | 60/66A | €2,996,220 | €2,985,418 | -€10,802 | -0.4% |
| Goods for resale, raw materials and consumables | 60 | €692,343 | €633,720 | -€58,623 | -8.5% |
| Purchases | 600/8 | €692,343 | €633,720 | -€58,623 | -8.5% |
| Services and other goods | 61 | €1,471,781 | €1,360,044 | -€111,737 | -7.6% |
| Remuneration, social security and pensions | 62 | €633,925 | €579,038 | -€54,887 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,659 | €84,427 | -€231 | -0.3% |
| Other operating charges | 640/8 | €113,511 | €328,188 | +€214,676 | +189% |
| Operating profit (loss) | 9901 | €109,303 | -€283,003 | -€392,306 | |
| Financial income | 75/76B | €5,928 | €737 | -€5,191 | -87.6% |
| Recurring financial income | 75 | €5,928 | €737 | -€5,191 | -87.6% |
| Income from financial fixed assets | 750 | €5,475 | - | -€5,475 | |
| Other financial income | 752/9 | €453 | €737 | +€284 | +62.6% |
| Financial charges | 65/66B | €92,220 | €846,047 | +€753,827 | +817% |
| Recurring financial charges | 65 | €92,220 | €74,177 | -€18,043 | -19.6% |
| Debt charges | 650 | €91,514 | €73,205 | -€18,309 | -20.0% |
| Other financial charges | 652/9 | €706 | €971 | +€266 | +37.6% |
| Non-recurring financial charges | 66B | - | €771,870 | +€771,870 | |
| Profit (loss) for the period before taxes | 9903 | €23,011 | -€1,128,313 | -€1.2m | |
| Transfer from deferred taxes | 780 | €2,199 | €2,199 | = | 0.0% |
| Income taxes | 67/77 | €16,114 | €1,055 | -€15,059 | -93.5% |
| Taxes | 670/3 | €16,114 | €1,055 | -€15,059 | -93.5% |
| Profit (loss) for the period | 9904 | €9,096 | -€1,127,168 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €9,096 | -€1,127,168 | -€1.1m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.