KUBIS-DUMONT: 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.
KUBIS-DUMONT
Largest movements
- Receivables within one year -€38,773
down €38,773 (-91.1%), from €42,566 to €3,793
of which Trade receivables: -€32,492
- Tangible fixed assets +€13,890
up €13,890 (+4.0%), from €348,313 to €362,203
of which Other tangible fixed assets: +€37,630
- Stocks and contracts +€12,454
up €12,454 (+30.2%), from €41,302 to €53,756
- Cash -€7,342
down €7,342 (-8.9%), from €82,741 to €75,398
mainly Investment in fixed assets (net) (-€39,600) and Other debts (-€31,731)
- Reserves +€33,000
up €33,000 (+103%), from €31,934 to €64,934
- Other debts -€31,731
down €31,731 (-16.0%), from €198,335 to €166,604
- Debts after one year -€14,831
down €14,831 (-7.2%), from €204,683 to €189,852
- Tax, wage and social debts -€8,129
down €8,129 (-38.5%), from €21,091 to €12,962
of which Taxes: -€5,024
- Gross operating margin -€15,787
down €15,787 (-15.0%), from €105,472 to €89,685
- Taxes +€4,282
up €4,282 (+30.7%), from €13,926 to €18,208
- Other operating charges -€1,570
down €1,570 (-34.5%), from €4,551 to €2,981
- Depreciation +€1,069
up €1,069 (+4.3%), from €24,641 to €25,710
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 | €517,117 | €497,757 | -€19,359 | -3.7% |
| Fixed assets | 21/28 | €348,313 | €362,203 | +€13,890 | +4.0% |
| Tangible fixed assets | 22/27 | €348,313 | €362,203 | +€13,890 | +4.0% |
| Land and buildings | 22 | €343,266 | €272,912 | -€70,354 | -20.5% |
| Plant, machinery and equipment | 23 | - | €16,052 | +€16,052 | |
| Furniture and vehicles | 24 | €5,047 | €35,609 | +€30,562 | +606% |
| Other tangible fixed assets | 26 | - | €37,630 | +€37,630 | |
| Current assets | 29/58 | €168,804 | €135,554 | -€33,249 | -19.7% |
| Stocks and contracts in progress | 3 | €41,302 | €53,756 | +€12,454 | +30.2% |
| Stocks | 30/36 | €41,302 | €53,756 | +€12,454 | +30.2% |
| Amounts receivable within one year | 40/41 | €42,566 | €3,793 | -€38,773 | -91.1% |
| Trade receivables | 40 | €32,492 | - | -€32,492 | |
| Other amounts receivable | 41 | €10,074 | €3,793 | -€6,282 | -62.4% |
| Cash at bank and in hand | 54/58 | €82,741 | €75,398 | -€7,342 | -8.9% |
| Deferred charges and accrued income | 490/1 | €2,195 | €2,608 | +€412 | +18.8% |
| Total equity and liabilities | 10/49 | €517,117 | €497,757 | -€19,359 | -3.7% |
| Equity | 10/15 | €73,020 | €108,456 | +€35,436 | +48.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,934 | €64,934 | +€33,000 | +103% |
| Distributable reserves | 133 | €31,934 | €64,934 | +€33,000 | +103% |
| Profit (loss) carried forward | 14 | €38,086 | €40,522 | +€2,436 | +6.4% |
| Amounts payable | 17/49 | €444,097 | €389,302 | -€54,796 | -12.3% |
| Amounts payable after more than one year | 17 | €204,683 | €189,852 | -€14,831 | -7.2% |
| Financial debts | 170/4 | €204,683 | €189,852 | -€14,831 | -7.2% |
| Amounts payable within one year | 42/48 | €236,680 | €199,449 | -€37,231 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €17,254 | €14,831 | -€2,423 | -14.0% |
| Trade debts | 44 | - | €5,052 | +€5,052 | |
| Suppliers | 440/4 | - | €3,552 | +€3,552 | |
| Bills of exchange payable | 441 | - | €1,500 | +€1,500 | |
| Taxes, remuneration and social security | 45 | €21,091 | €12,962 | -€8,129 | -38.5% |
| Taxes | 450/3 | €17,985 | €12,962 | -€5,024 | -27.9% |
| Remuneration and social security | 454/9 | €3,105 | - | -€3,105 | |
| Other amounts payable | 47/48 | €198,335 | €166,604 | -€31,731 | -16.0% |
| Accrued charges and deferred income | 492/3 | €2,734 | - | -€2,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,641 | €25,710 | +€1,069 | +4.3% |
| Other operating charges | 640/8 | €4,551 | €2,981 | -€1,570 | -34.5% |
| Gross operating margin | 9900 | €105,472 | €89,685 | -€15,787 | -15.0% |
| Operating profit (loss) | 9901 | €76,280 | €60,995 | -€15,285 | -20.0% |
| Financial income | 75/76B | €698 | €9 | -€689 | -98.7% |
| Recurring financial income | 75 | €698 | €9 | -€689 | -98.7% |
| Financial charges | 65/66B | €7,225 | €7,361 | +€136 | +1.9% |
| Recurring financial charges | 65 | €7,225 | €7,361 | +€136 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €69,754 | €53,644 | -€16,111 | -23.1% |
| Income taxes | 67/77 | €13,926 | €18,208 | +€4,282 | +30.7% |
| Profit (loss) for the period | 9904 | €55,828 | €35,436 | -€20,392 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,828 | €35,436 | -€20,392 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.