KUBITAN: 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.
KUBITAN
Largest movements
- Receivables within one year -€14,526
down €14,526 (-42.5%), from €34,139 to €19,613
of which Trade receivables: -€12,427
- Tangible fixed assets -€13,879
down €13,879 (-29.5%), from €47,042 to €33,163
- Cash -€892
down €892 (-23.1%), from €3,855 to €2,963
mainly Debts after one year (-€17,021) and Net result for the year (-€12,281)
- Debts after one year -€17,021
down €17,021 (-57.4%), from €29,656 to €12,635
- Profit (loss) carried forward -€12,281
down €12,281 (-90.3%), from €13,606 to €1,325
- Trade debts -€1,339
down €1,339 (-27.5%), from €4,862 to €3,522
- Current portion of long-term debt +€949
up €949 (+3.8%), from €24,772 to €25,721
- Gross operating margin -€4,133
down €4,133 (-27.0%), from €15,314 to €11,181
- Taxes +€3,504
up €3,504 (+212%), from €1,652 to €5,156
- Financial charges -€3,128
down €3,128 (-53.7%), from €5,826 to €2,698
- Depreciation +€1,825
up €1,825 (+15.1%), from €12,054 to €13,879
- Other operating charges -€905
down €905 (-34.4%), from €2,635 to €1,730
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 | €85,037 | €55,739 | -€29,297 | -34.5% |
| Fixed assets | 21/28 | €47,042 | €33,163 | -€13,879 | -29.5% |
| Tangible fixed assets | 22/27 | €47,042 | €33,163 | -€13,879 | -29.5% |
| Furniture and vehicles | 24 | €47,042 | €33,163 | -€13,879 | -29.5% |
| Current assets | 29/58 | €37,995 | €22,576 | -€15,418 | -40.6% |
| Amounts receivable within one year | 40/41 | €34,139 | €19,613 | -€14,526 | -42.5% |
| Trade receivables | 40 | €21,190 | €8,763 | -€12,427 | -58.6% |
| Other amounts receivable | 41 | €12,949 | €10,850 | -€2,099 | -16.2% |
| Cash at bank and in hand | 54/58 | €3,855 | €2,963 | -€892 | -23.1% |
| Total equity and liabilities | 10/49 | €85,037 | €55,739 | -€29,297 | -34.5% |
| Equity | 10/15 | €23,606 | €11,325 | -€12,281 | -52.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,606 | €1,325 | -€12,281 | -90.3% |
| Amounts payable | 17/49 | €61,431 | €44,415 | -€17,016 | -27.7% |
| Amounts payable after more than one year | 17 | €29,656 | €12,635 | -€17,021 | -57.4% |
| Financial debts | 170/4 | €29,656 | €12,635 | -€17,021 | -57.4% |
| Amounts payable within one year | 42/48 | €31,775 | €31,780 | +€5 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €24,772 | €25,721 | +€949 | +3.8% |
| Trade debts | 44 | €4,862 | €3,522 | -€1,339 | -27.5% |
| Suppliers | 440/4 | €4,862 | €3,522 | -€1,339 | -27.5% |
| Taxes, remuneration and social security | 45 | €2,141 | €2,536 | +€394 | +18.4% |
| Taxes | 450/3 | €2,141 | €2,536 | +€394 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,054 | €13,879 | +€1,825 | +15.1% |
| Other operating charges | 640/8 | €2,635 | €1,730 | -€905 | -34.4% |
| Gross operating margin | 9900 | €15,314 | €11,181 | -€4,133 | -27.0% |
| Operating profit (loss) | 9901 | €625 | -€4,428 | -€5,053 | |
| Financial charges | 65/66B | €5,826 | €2,698 | -€3,128 | -53.7% |
| Recurring financial charges | 65 | €5,826 | €2,698 | -€3,128 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,201 | -€7,125 | -€1,925 | -37.0% |
| Income taxes | 67/77 | €1,652 | €5,156 | +€3,504 | +212% |
| Profit (loss) for the period | 9904 | -€6,853 | -€12,281 | -€5,428 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,853 | -€12,281 | -€5,428 | -79.2% |
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 22 October 2026 via checked.be.