KUBO SUPPLY: what changed
What changed
KUBO SUPPLY
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
-€270,652
2024 · -€221,473-€49,179
Equity
€1.7m
2024 · €2.0m-€270,652
Cash
€291,095
2024 · €26,549+€264,546
Balance sheet total
€3.0m
2024 · €5.8m-€2.8m
Largest movements
Assets
- Stocks and contracts -€1.6m
down €1.6m (-72.3%), from €2.3m to €631,827
- Receivables within one year -€1.4m
down €1.4m (-41.7%), from €3.4m to €2.0m
of which Trade receivables: -€1.5m
- Cash +€264,546
up €264,546 (+996%), from €26,549 to €291,095
mainly Stocks and contracts (+€1.6m) and Receivables within one year (+€1.4m)
Equity and liabilities
- Short-term financial debts -€2.8m
down €2.8m (-77.3%), from €3.6m to €812,766
- Profit (loss) carried forward -€270,652
down €270,652 (-14.8%), from €1.8m to €1.6m
- Trade debts +€228,695
up €228,695 (+133%), from €171,547 to €400,242
Income statement
- Turnover -€451,018
down €451,018 (-2.7%), from €16.9m to €16.5m
- Services and other goods -€248,321
down €248,321 (-19.8%), from €1.3m to €1.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€221,473
Turnover
-€451,018
Other operating income
+€6,291
Goods and materials
-€16,146
Services and other goods
+€248,321
Staff costs
+€28,932
Depreciation
+€1,559
Write-downs
+€5,000
Other operating charges
-€30,191
Other operating items
-€7,851
Financial income
+€147,048
Financial charges
+€18,877
Taxes
-€0
Result 2025
-€270,652
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.0m
Investment
€0
Financing
-€2.8m
Cash 2024
€26,549
From operations (derived)
+€3.0m
Net result for the year
-€270,652
Depreciation
+€21,942
Stocks and contracts
+€1.6m
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€842
Trade debts
+€228,695
Tax, wage and social debts
-€7,192
Accrued charges and deferred income
-€8,505
Financing
-€2.8m
Short-term financial debts
-€2.8m
Cash 2025
€291,095
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,781,020 | €2,957,768 | -€2.8m | -48.8% |
| Fixed assets | 21/28 | €71,599 | €49,657 | -€21,942 | -30.6% |
| Tangible fixed assets | 22/27 | €71,599 | €49,657 | -€21,942 | -30.6% |
| Furniture and vehicles | 24 | €71,599 | €49,657 | -€21,942 | -30.6% |
| Current assets | 29/58 | €5,709,421 | €2,908,111 | -€2.8m | -49.1% |
| Stocks and contracts in progress | 3 | €2,281,300 | €631,827 | -€1.6m | -72.3% |
| Stocks | 30/36 | €2,281,300 | €631,827 | -€1.6m | -72.3% |
| Goods purchased for resale | 34 | €2,281,300 | €631,827 | -€1.6m | -72.3% |
| Amounts receivable within one year | 40/41 | €3,393,154 | €1,977,613 | -€1.4m | -41.7% |
| Trade receivables | 40 | €3,243,154 | €1,775,357 | -€1.5m | -45.3% |
| Other amounts receivable | 41 | €150,000 | €202,256 | +€52,256 | +34.8% |
| Cash at bank and in hand | 54/58 | €26,549 | €291,095 | +€264,546 | +996% |
| Deferred charges and accrued income | 490/1 | €8,418 | €7,576 | -€842 | -10.0% |
| Total equity and liabilities | 10/49 | €5,781,020 | €2,957,768 | -€2.8m | -48.8% |
| Equity | 10/15 | €1,992,052 | €1,721,400 | -€270,652 | -13.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,827,052 | €1,556,400 | -€270,652 | -14.8% |
| Amounts payable | 17/49 | €3,788,968 | €1,236,368 | -€2.6m | -67.4% |
| Amounts payable within one year | 42/48 | €3,775,515 | €1,231,421 | -€2.5m | -67.4% |
| Financial debts | 43 | €3,578,364 | €812,766 | -€2.8m | -77.3% |
| Credit institutions | 430/8 | €3,578,364 | €812,766 | -€2.8m | -77.3% |
| Trade debts | 44 | €171,547 | €400,242 | +€228,695 | +133% |
| Suppliers | 440/4 | €171,547 | €400,242 | +€228,695 | +133% |
| Taxes, remuneration and social security | 45 | €25,605 | €18,413 | -€7,192 | -28.1% |
| Taxes | 450/3 | €14,085 | - | -€14,085 | |
| Remuneration and social security | 454/9 | €11,520 | €18,413 | +€6,894 | +59.8% |
| Accrued charges and deferred income | 492/3 | €13,453 | €4,948 | -€8,505 | -63.2% |
| Operating income | 70/76A | €16,964,759 | €16,512,181 | -€452,578 | -2.7% |
| Turnover | 70 | €16,946,726 | €16,495,708 | -€451,018 | -2.7% |
| Other operating income | 74 | €10,181 | €16,473 | +€6,291 | +61.8% |
| Non-recurring operating income | 76A | €7,851 | - | -€7,851 | |
| Operating charges | 60/66A | €17,040,329 | €16,802,855 | -€237,474 | -1.4% |
| Goods for resale, raw materials and consumables | 60 | €15,540,826 | €15,556,972 | +€16,146 | +0.1% |
| Purchases | 600/8 | €16,176,190 | €13,907,499 | -€2.3m | -14.0% |
| Change in stocks: decrease (increase) | 609 | -€635,364 | €1,649,473 | +€2.3m | |
| Services and other goods | 61 | €1,256,363 | €1,008,042 | -€248,321 | -19.8% |
| Remuneration, social security and pensions | 62 | €201,066 | €172,134 | -€28,932 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,500 | €21,942 | -€1,559 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €13,574 | €43,766 | +€30,191 | +222% |
| Operating profit (loss) | 9901 | -€75,570 | -€290,674 | -€215,104 | -285% |
| Financial income | 75/76B | €72,509 | €219,558 | +€147,048 | +203% |
| Recurring financial income | 75 | €72,509 | €219,558 | +€147,048 | +203% |
| Income from current assets | 751 | - | €1,988 | +€1,988 | |
| Other financial income | 752/9 | €72,509 | €217,570 | +€145,060 | +200% |
| Financial charges | 65/66B | €218,413 | €199,536 | -€18,877 | -8.6% |
| Recurring financial charges | 65 | €218,413 | €199,536 | -€18,877 | -8.6% |
| Debt charges | 650 | €147,981 | €54,985 | -€92,996 | -62.8% |
| Other financial charges | 652/9 | €70,432 | €144,550 | +€74,118 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€221,473 | -€270,652 | -€49,179 | -22.2% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Taxes | 670/3 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€221,473 | -€270,652 | -€49,179 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€221,473 | -€270,652 | -€49,179 | -22.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.