KUBIKO: 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.
KUBIKO
Largest movements
- Receivables within one year +€62,449
up €62,449 (+252.0%), from €24,782 to €87,231
of which Other amounts receivable: +€47,042
- Cash +€21,207
up €21,207 (+751.4%), from €2,822 to €24,030
mainly Trade debts (+€34,134) and Net result for the year (+€26,006)
- Tangible fixed assets -€5,476
down €5,476 (-13.8%), from €39,657 to €34,181
of which Other tangible fixed assets: -€4,227
- Trade debts +€34,134
up €34,134 (+636.4%), from €5,364 to €39,498
- Reserves +€26,006
up €26,006 (+4334.3%), from €600 to €26,606
- Tax, wage and social debts +€12,085
up €12,085 (+386.4%), from €3,127 to €15,212
- Other debts +€10,934
up €10,934 (+236.7%), from €4,619 to €15,554
- Debts after one year -€5,214
down €5,214 (-14.2%), from €36,756 to €31,542
- Gross operating margin +€36,311
up €36,311 (+299.1%), from €12,139 to €48,450
- Taxes +€14,170
new in 2025: €14,170
- Other operating charges -€6,238
down €6,238 (-98.6%), from €6,328 to €90
- Depreciation +€1,287
up €1,287 (+29.7%), from €4,340 to €5,627
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 | €72,144 | €150,290 | +€78,146 | +108.3% |
| Fixed assets | 21/28 | €40,072 | €34,445 | -€5,627 | -14.0% |
| Intangible fixed assets | 21 | €397 | €246 | -€151 | -38.0% |
| Tangible fixed assets | 22/27 | €39,657 | €34,181 | -€5,476 | -13.8% |
| Furniture and vehicles | 24 | €1,250 | €0 | -€1,250 | -100.0% |
| Other tangible fixed assets | 26 | €38,408 | €34,181 | -€4,227 | -11.0% |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €32,072 | €115,845 | +€83,773 | +261.2% |
| Amounts receivable within one year | 40/41 | €24,782 | €87,231 | +€62,449 | +252.0% |
| Trade receivables | 40 | €7,656 | €23,063 | +€15,407 | +201.2% |
| Other amounts receivable | 41 | €17,126 | €64,168 | +€47,042 | +274.7% |
| Cash at bank and in hand | 54/58 | €2,822 | €24,030 | +€21,207 | +751.4% |
| Deferred charges and accrued income | 490/1 | €4,467 | €4,585 | +€117 | +2.6% |
| Total equity and liabilities | 10/49 | €72,144 | €150,290 | +€78,146 | +108.3% |
| Equity | 10/15 | €17,264 | €43,270 | +€26,006 | +150.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €600 | €26,606 | +€26,006 | +4334.3% |
| Distributable reserves | 133 | €600 | €26,606 | +€26,006 | +4334.3% |
| Profit (loss) carried forward | 14 | €4,264 | €4,264 | = | 0.0% |
| Amounts payable | 17/49 | €54,879 | €107,020 | +€52,141 | +95.0% |
| Amounts payable after more than one year | 17 | €36,756 | €31,542 | -€5,214 | -14.2% |
| Financial debts | 170/4 | €36,756 | €31,542 | -€5,214 | -14.2% |
| Amounts payable within one year | 42/48 | €18,124 | €75,478 | +€57,355 | +316.5% |
| Current portion of amounts payable after more than one year | 42 | €5,013 | €5,214 | +€201 | +4.0% |
| Trade debts | 44 | €5,364 | €39,498 | +€34,134 | +636.4% |
| Suppliers | 440/4 | €5,364 | €39,498 | +€34,134 | +636.4% |
| Taxes, remuneration and social security | 45 | €3,127 | €15,212 | +€12,085 | +386.4% |
| Taxes | 450/3 | €3,127 | €15,212 | +€12,085 | +386.4% |
| Other amounts payable | 47/48 | €4,619 | €15,554 | +€10,934 | +236.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,340 | €5,627 | +€1,287 | +29.7% |
| Other operating charges | 640/8 | €6,328 | €90 | -€6,238 | -98.6% |
| Gross operating margin | 9900 | €12,139 | €48,450 | +€36,311 | +299.1% |
| Operating profit (loss) | 9901 | €1,471 | €42,733 | +€41,262 | +2805.3% |
| Financial charges | 65/66B | €2,439 | €2,557 | +€118 | +4.9% |
| Recurring financial charges | 65 | €2,439 | €2,557 | +€118 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€968 | €40,176 | +€41,144 | |
| Income taxes | 67/77 | - | €14,170 | +€14,170 | |
| Profit (loss) for the period | 9904 | -€968 | €26,006 | +€26,974 | |
| Profit (loss) for the period to be appropriated | 9905 | -€968 | €26,006 | +€26,974 |
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 8 October 2026 via checked.be.