KUBINIS: 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.
KUBINIS
Largest movements
- Receivables within one year +€79,194
up €79,194 (+222%), from €35,734 to €114,929
of which Trade receivables: +€78,779
- Trade debts +€61,774
up €61,774 (+293%), from €21,118 to €82,892
- Other debts +€30,813
up €30,813 (+968%), from €3,185 to €33,998
- Tax, wage and social debts -€6,440
no longer reported in 2025 (was €6,440)
of which Remuneration and social security: -€5,240
- Profit (loss) carried forward -€4,018
down €4,018, from €2,492 to -€1,526
- Advances received -€3,245
no longer reported in 2025 (was €3,245)
- Gross operating margin -€8,089
down €8,089, from €7,214 to -€875
- Taxes -€1,179
down €1,179 (-98.2%), from €1,200 to €21
- Financial income +€654
up €654 (+149%), from €439 to €1,093
- Financial charges +€356
up €356 (+190%), from €188 to €544
- Depreciation -€231
down €231 (-8.9%), from €2,598 to €2,366
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 | €39,480 | €118,364 | +€78,885 | +200% |
| Fixed assets | 21/28 | €3,002 | €3,135 | +€134 | +4.5% |
| Tangible fixed assets | 22/27 | €3,002 | €3,135 | +€134 | +4.5% |
| Plant, machinery and equipment | 23 | - | €2,000 | +€2,000 | |
| Furniture and vehicles | 24 | €3,002 | €1,135 | -€1,866 | -62.2% |
| Current assets | 29/58 | €36,478 | €115,229 | +€78,751 | +216% |
| Amounts receivable within one year | 40/41 | €35,734 | €114,929 | +€79,194 | +222% |
| Trade receivables | 40 | €29,947 | €108,727 | +€78,779 | +263% |
| Other amounts receivable | 41 | €5,787 | €6,202 | +€415 | +7.2% |
| Cash at bank and in hand | 54/58 | €744 | €2 | -€741 | -99.7% |
| Deferred charges and accrued income | 490/1 | - | €298 | +€298 | |
| Total equity and liabilities | 10/49 | €39,480 | €118,364 | +€78,885 | +200% |
| Equity | 10/15 | €5,492 | €1,474 | -€4,018 | -73.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,492 | -€1,526 | -€4,018 | |
| Amounts payable | 17/49 | €33,987 | €116,890 | +€82,903 | +244% |
| Amounts payable within one year | 42/48 | €33,987 | €116,890 | +€82,903 | +244% |
| Trade debts | 44 | €21,118 | €82,892 | +€61,774 | +293% |
| Suppliers | 440/4 | €21,118 | €82,892 | +€61,774 | +293% |
| Advances received on contracts in progress | 46 | €3,245 | - | -€3,245 | |
| Taxes, remuneration and social security | 45 | €6,440 | - | -€6,440 | |
| Taxes | 450/3 | €1,200 | - | -€1,200 | |
| Remuneration and social security | 454/9 | €5,240 | - | -€5,240 | |
| Other amounts payable | 47/48 | €3,185 | €33,998 | +€30,813 | +968% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,598 | €2,366 | -€231 | -8.9% |
| Other operating charges | 640/8 | €1,176 | €1,304 | +€129 | +11.0% |
| Gross operating margin | 9900 | €7,214 | -€875 | -€8,089 | |
| Operating profit (loss) | 9901 | €3,441 | -€4,546 | -€7,987 | |
| Financial income | 75/76B | €439 | €1,093 | +€654 | +149% |
| Recurring financial income | 75 | €439 | €1,093 | +€654 | +149% |
| Financial charges | 65/66B | €188 | €544 | +€356 | +190% |
| Recurring financial charges | 65 | €188 | €544 | +€356 | +190% |
| Profit (loss) for the period before taxes | 9903 | €3,692 | -€3,997 | -€7,690 | |
| Income taxes | 67/77 | €1,200 | €21 | -€1,179 | -98.2% |
| Profit (loss) for the period | 9904 | €2,492 | -€4,018 | -€6,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,492 | -€4,018 | -€6,511 |
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 14 October 2026 via checked.be.