KUBLO: what changed
Two fiscal 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.
KUBLO
Largest movements
- Receivables within one year +€3,929
up €3,929 (+5.7%), from €69,089 to €73,018
of which Trade receivables: +€13,483
- Tangible fixed assets -€2,662
down €2,662 (-25.5%), from €10,452 to €7,790
of which Furniture and vehicles: -€1,462
- Intangible fixed assets -€2,000
down €2,000 (-25.0%), from €8,000 to €6,000
- Cash -€1,775
down €1,775 (-82.0%), from €2,164 to €389
mainly Trade debts (-€37,080) and Receivables within one year (-€3,929)
- Trade debts -€37,080
down €37,080 (-66.5%), from €55,783 to €18,703
- Other debts +€30,059
new in 2025: €30,059
- Tax, wage and social debts +€3,541
up €3,541 (+43.8%), from €8,088 to €11,629
of which Taxes: +€3,541
- Profit (loss) carried forward +€1,405
up €1,405 (+5.7%), from €24,834 to €26,239
- Purchases and services +€13,896
up €13,896 (+10.3%), from €135,314 to €149,210
- Turnover +€7,046
up €7,046 (+4.7%), from €150,460 to €157,506
- Gross operating margin -€6,850
down €6,850 (-45.2%), from €15,146 to €8,296
- Taxes -€1,806
down €1,806 (-71.0%), from €2,545 to €739
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 | €89,705 | €87,629 | -€2,076 | -2.3% |
| Fixed assets | 21/28 | €18,452 | €13,790 | -€4,662 | -25.3% |
| Intangible fixed assets | 21 | €8,000 | €6,000 | -€2,000 | -25.0% |
| Tangible fixed assets | 22/27 | €10,452 | €7,790 | -€2,662 | -25.5% |
| Plant, machinery and equipment | 23 | €4,800 | €3,600 | -€1,200 | -25.0% |
| Furniture and vehicles | 24 | €5,652 | €4,190 | -€1,462 | -25.9% |
| Current assets | 29/58 | €71,253 | €73,840 | +€2,587 | +3.6% |
| Amounts receivable within one year | 40/41 | €69,089 | €73,018 | +€3,929 | +5.7% |
| Trade receivables | 40 | €50,200 | €63,683 | +€13,483 | +26.9% |
| Other amounts receivable | 41 | €18,889 | €9,335 | -€9,554 | -50.6% |
| Cash at bank and in hand | 54/58 | €2,164 | €389 | -€1,775 | -82.0% |
| Deferred charges and accrued income | 490/1 | €0 | €433 | +€433 | |
| Total equity and liabilities | 10/49 | €89,705 | €87,629 | -€2,076 | -2.3% |
| Equity | 10/15 | €25,834 | €27,239 | +€1,405 | +5.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,834 | €26,239 | +€1,405 | +5.7% |
| Amounts payable | 17/49 | €63,871 | €60,390 | -€3,481 | -5.4% |
| Amounts payable within one year | 42/48 | €63,871 | €60,390 | -€3,481 | -5.4% |
| Trade debts | 44 | €55,783 | €18,703 | -€37,080 | -66.5% |
| Suppliers | 440/4 | €55,783 | €18,703 | -€37,080 | -66.5% |
| Taxes, remuneration and social security | 45 | €8,088 | €11,629 | +€3,541 | +43.8% |
| Taxes | 450/3 | €8,088 | €11,629 | +€3,541 | +43.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | - | €30,059 | +€30,059 | |
| Turnover | 70 | €150,460 | €157,506 | +€7,046 | +4.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €135,314 | €149,210 | +€13,896 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,662 | €4,662 | = | 0.0% |
| Other operating charges | 640/8 | €210 | €62 | -€148 | -70.5% |
| Gross operating margin | 9900 | €15,146 | €8,296 | -€6,850 | -45.2% |
| Operating profit (loss) | 9901 | €10,273 | €3,572 | -€6,702 | -65.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €108 | €1,428 | +€1,321 | +1228.4% |
| Recurring financial charges | 65 | €108 | €1,428 | +€1,321 | +1228.4% |
| Profit (loss) for the period before taxes | 9903 | €10,166 | €2,144 | -€8,022 | -78.9% |
| Income taxes | 67/77 | €2,545 | €739 | -€1,806 | -71.0% |
| Profit (loss) for the period | 9904 | €7,621 | €1,405 | -€6,216 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,621 | €1,405 | -€6,216 | -81.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.