KubiQ: 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.
KubiQ
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets +€209,007
up €209,007 (+323.3%), from €64,654 to €273,661
of which Land and buildings: +€173,526
- Cash +€137,531
up €137,531 (+820.5%), from €16,761 to €154,292
mainly Other debts (+€861,686) and Short-term financial debts (+€535,000)
- Receivables within one year +€62,892
up €62,892 (+87.9%), from €71,543 to €134,435
of which Trade receivables: +€57,487
- Stocks and contracts +€59,591
up €59,591 (+5.4%), from €1.1m to €1.2m
- Other debts +€861,686
up €861,686 (+2819.1%), from €30,566 to €892,252
- Short-term financial debts +€535,000
new in 2025: €535,000
- Current portion of long-term debt -€443,503
down €443,503 (-97.9%), from €453,000 to €9,497
- Profit (loss) carried forward -€336,586
down €336,586 (-100.0%), from €336,586 to €0
- Trade debts +€186,111
up €186,111 (+575.6%), from €32,331 to €218,442
- Gross operating margin -€284,632
down €284,632 (-54.9%), from €518,837 to €234,205
- Taxes -€75,883
down €75,883 (-70.1%), from €108,273 to €32,390
- Other operating charges +€24,201
new in 2025: €24,201
- Staff costs -€22,787
down €22,787 (-100.0%), from €22,787 to €0
- Financial charges +€20,308
up €20,308 (+111.5%), from €18,216 to €38,524
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 | €1,260,131 | €1,981,887 | +€721,756 | +57.3% |
| Fixed assets | 21/28 | €64,654 | €273,661 | +€209,007 | +323.3% |
| Tangible fixed assets | 22/27 | €64,654 | €273,661 | +€209,007 | +323.3% |
| Land and buildings | 22 | - | €173,526 | +€173,526 | |
| Plant, machinery and equipment | 23 | - | €59,637 | +€59,637 | |
| Furniture and vehicles | 24 | €64,654 | €40,498 | -€24,156 | -37.4% |
| Current assets | 29/58 | €1,195,477 | €1,708,226 | +€512,749 | +42.9% |
| Stocks and contracts in progress | 3 | €1,107,173 | €1,166,764 | +€59,591 | +5.4% |
| Stocks | 30/36 | €1,107,173 | €1,166,764 | +€59,591 | +5.4% |
| Amounts receivable within one year | 40/41 | €71,543 | €134,435 | +€62,892 | +87.9% |
| Trade receivables | 40 | €2,645 | €60,132 | +€57,487 | +2173.4% |
| Other amounts receivable | 41 | €68,898 | €74,303 | +€5,405 | +7.8% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €16,761 | €154,292 | +€137,531 | +820.5% |
| Deferred charges and accrued income | 490/1 | - | €2,736 | +€2,736 | |
| Total equity and liabilities | 10/49 | €1,260,131 | €1,981,887 | +€721,756 | +57.3% |
| Equity | 10/15 | €346,586 | €10,000 | -€336,586 | -97.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €336,586 | €0 | -€336,586 | -100.0% |
| Amounts payable | 17/49 | €913,545 | €1,971,887 | +€1.1m | +115.9% |
| Amounts payable after more than one year | 17 | €250,000 | €314,613 | +€64,613 | +25.8% |
| Financial debts | 170/4 | - | €314,613 | +€314,613 | |
| Other amounts payable | 178/9 | €250,000 | €0 | -€250,000 | -100.0% |
| Amounts payable within one year | 42/48 | €555,395 | €1,655,190 | +€1.1m | +198.0% |
| Current portion of amounts payable after more than one year | 42 | €453,000 | €9,497 | -€443,503 | -97.9% |
| Financial debts | 43 | - | €535,000 | +€535,000 | |
| Other loans | 439 | - | €535,000 | +€535,000 | |
| Trade debts | 44 | €32,331 | €218,442 | +€186,111 | +575.6% |
| Suppliers | 440/4 | €32,331 | €218,442 | +€186,111 | +575.6% |
| Taxes, remuneration and social security | 45 | €39,498 | €0 | -€39,498 | -100.0% |
| Taxes | 450/3 | €3,025 | €0 | -€3,025 | -100.0% |
| Remuneration and social security | 454/9 | €36,473 | €0 | -€36,473 | -100.0% |
| Other amounts payable | 47/48 | €30,566 | €892,252 | +€861,686 | +2819.1% |
| Accrued charges and deferred income | 492/3 | €108,150 | €2,083 | -€106,067 | -98.1% |
| Remuneration, social security and pensions | 62 | €22,787 | €0 | -€22,787 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,955 | €32,258 | +€19,303 | +149.0% |
| Other operating charges | 640/8 | - | €24,201 | +€24,201 | |
| Non-recurring operating charges | 66A | €12,157 | €0 | -€12,157 | -100.0% |
| Gross operating margin | 9900 | €518,837 | €234,205 | -€284,632 | -54.9% |
| Operating profit (loss) | 9901 | €470,938 | €177,746 | -€293,192 | -62.3% |
| Financial income | 75/76B | - | €589 | +€589 | |
| Recurring financial income | 75 | - | €589 | +€589 | |
| Financial charges | 65/66B | €18,216 | €38,524 | +€20,308 | +111.5% |
| Recurring financial charges | 65 | €18,216 | €38,524 | +€20,308 | +111.5% |
| Profit (loss) for the period before taxes | 9903 | €452,722 | €139,811 | -€312,911 | -69.1% |
| Income taxes | 67/77 | €108,273 | €32,390 | -€75,883 | -70.1% |
| Profit (loss) for the period | 9904 | €344,449 | €107,421 | -€237,028 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €344,449 | €107,421 | -€237,028 | -68.8% |
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 10 October 2026 via checked.be.