KUBISK: 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.
KUBISK
Largest movements
- Current investments +€40,266
new in 2025: €40,266
- Cash -€37,684
down €37,684 (-59.8%), from €63,003 to €25,319
mainly Current investments (-€40,266) and Contributions, distributions and other (-€32,913)
- Receivables within one year -€3,803
down €3,803 (-12.9%), from €29,566 to €25,763
of which Other amounts receivable: -€8,575
- Deferred charges and accrued income +€2,400
up €2,400, from €0 to €2,400
- Reserves -€6,782
down €6,782 (-7.2%), from €94,646 to €87,864
of which Distributable reserves: -€6,782
- Tax, wage and social debts +€6,446
up €6,446 (+107%), from €6,006 to €12,451
of which Taxes: +€5,921
- Trade debts +€1,510
up €1,510 (+39.2%), from €3,855 to €5,365
- Gross operating margin +€16,145
up €16,145 (+56.0%), from €28,844 to €44,989
- Other operating charges +€4,608
up €4,608 (+1,002%), from €460 to €5,068
- Taxes +€1,196
up €1,196 (+12.2%), from €9,812 to €11,008
- Depreciation +€851
up €851 (+45.6%), from €1,865 to €2,716
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 | €104,677 | €106,329 | +€1,652 | +1.6% |
| Fixed assets | 21/28 | €12,108 | €12,581 | +€473 | +3.9% |
| Tangible fixed assets | 22/27 | €12,108 | €12,581 | +€473 | +3.9% |
| Furniture and vehicles | 24 | €12,108 | €12,581 | +€473 | +3.9% |
| Current assets | 29/58 | €92,569 | €93,748 | +€1,179 | +1.3% |
| Amounts receivable within one year | 40/41 | €29,566 | €25,763 | -€3,803 | -12.9% |
| Trade receivables | 40 | €20,989 | €25,761 | +€4,772 | +22.7% |
| Other amounts receivable | 41 | €8,576 | €2 | -€8,575 | -100.0% |
| Current investments | 50/53 | - | €40,266 | +€40,266 | |
| Cash at bank and in hand | 54/58 | €63,003 | €25,319 | -€37,684 | -59.8% |
| Deferred charges and accrued income | 490/1 | €0 | €2,400 | +€2,400 | |
| Total equity and liabilities | 10/49 | €104,677 | €106,329 | +€1,652 | +1.6% |
| Equity | 10/15 | €94,646 | €87,864 | -€6,782 | -7.2% |
| Reserves | 13 | €94,646 | €87,864 | -€6,782 | -7.2% |
| Tax-exempt reserves | 132 | €204 | €204 | = | 0.0% |
| Distributable reserves | 133 | €94,442 | €87,660 | -€6,782 | -7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,031 | €18,465 | +€8,434 | +84.1% |
| Amounts payable within one year | 42/48 | €9,893 | €18,465 | +€8,572 | +86.6% |
| Trade debts | 44 | €3,855 | €5,365 | +€1,510 | +39.2% |
| Suppliers | 440/4 | €3,855 | €5,365 | +€1,510 | +39.2% |
| Taxes, remuneration and social security | 45 | €6,006 | €12,451 | +€6,446 | +107% |
| Taxes | 450/3 | €3,311 | €9,231 | +€5,921 | +179% |
| Remuneration and social security | 454/9 | €2,695 | €3,220 | +€525 | +19.5% |
| Other amounts payable | 47/48 | €33 | €649 | +€616 | +1,876% |
| Accrued charges and deferred income | 492/3 | €138 | €0 | -€138 | -100% |
| Non-recurring operating income | 76A | €351 | €0 | -€351 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,865 | €2,716 | +€851 | +45.6% |
| Other operating charges | 640/8 | €460 | €5,068 | +€4,608 | +1,002% |
| Gross operating margin | 9900 | €28,844 | €44,989 | +€16,145 | +56.0% |
| Operating profit (loss) | 9901 | €26,520 | €37,206 | +€10,686 | +40.3% |
| Financial income | 75/76B | €1 | €380 | +€379 | +47,383% |
| Recurring financial income | 75 | €1 | €380 | +€379 | +47,383% |
| Financial charges | 65/66B | €460 | €447 | -€13 | -2.9% |
| Recurring financial charges | 65 | €460 | €447 | -€13 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €26,060 | €37,138 | +€11,078 | +42.5% |
| Income taxes | 67/77 | €9,812 | €11,008 | +€1,196 | +12.2% |
| Profit (loss) for the period | 9904 | €16,249 | €26,131 | +€9,882 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,249 | €26,131 | +€9,882 | +60.8% |
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 15 October 2026 via checked.be.