KUBOMAT: 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.
KUBOMAT
Largest movements
- Current investments -€615,011
down €615,011 (-99.4%), from €618,527 to €3,516
- Cash +€497,795
up €497,795 (+45.3%), from €1.1m to €1.6m
mainly Current investments (+€615,011) and Net result for the year (+€164,240)
- Tangible fixed assets -€26,934
down €26,934 (-13.6%), from €197,975 to €171,042
of which Land and buildings: -€24,264
- Other debts +€130,057
up €130,057 (+117%), from €111,260 to €241,318
- Accrued charges and deferred income -€125,759
no longer reported in 2025 (was €125,759)
- Advances received +€106,353
new in 2025: €106,353
- Reserves -€87,868
down €87,868 (-6.0%), from €1.5m to €1.4m
of which Distributable reserves: -€87,868
- Trade debts -€78,628
down €78,628 (-19.3%), from €408,275 to €329,647
- Gross operating margin -€47,574
down €47,574 (-6.8%), from €700,206 to €652,632
- Depreciation -€40,259
down €40,259 (-54.1%), from €74,475 to €34,216
- Staff costs -€17,947
down €17,947 (-4.4%), from €405,830 to €387,883
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 | €2,295,062 | €2,166,292 | -€128,770 | -5.6% |
| Fixed assets | 21/28 | €199,465 | €172,532 | -€26,934 | -13.5% |
| Tangible fixed assets | 22/27 | €197,975 | €171,042 | -€26,934 | -13.6% |
| Land and buildings | 22 | €166,844 | €142,580 | -€24,264 | -14.5% |
| Plant, machinery and equipment | 23 | €7,314 | €4,944 | -€2,370 | -32.4% |
| Furniture and vehicles | 24 | €23,818 | €23,517 | -€301 | -1.3% |
| Financial fixed assets | 28 | €1,490 | €1,490 | = | 0.0% |
| Current assets | 29/58 | €2,095,597 | €1,993,760 | -€101,836 | -4.9% |
| Stocks and contracts in progress | 3 | €5,583 | €4,432 | -€1,152 | -20.6% |
| Stocks | 30/36 | €5,583 | €4,432 | -€1,152 | -20.6% |
| Amounts receivable within one year | 40/41 | €366,678 | €370,213 | +€3,535 | +1.0% |
| Trade receivables | 40 | €167,464 | €305,267 | +€137,802 | +82.3% |
| Other amounts receivable | 41 | €199,214 | €64,946 | -€134,267 | -67.4% |
| Current investments | 50/53 | €618,527 | €3,516 | -€615,011 | -99.4% |
| Cash at bank and in hand | 54/58 | €1,099,808 | €1,597,603 | +€497,795 | +45.3% |
| Deferred charges and accrued income | 490/1 | €5,001 | €17,997 | +€12,997 | +260% |
| Total equity and liabilities | 10/49 | €2,295,062 | €2,166,292 | -€128,770 | -5.6% |
| Equity | 10/15 | €1,486,440 | €1,398,572 | -€87,868 | -5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,467,848 | €1,379,980 | -€87,868 | -6.0% |
| Tax-exempt reserves | 132 | €161,500 | €161,500 | = | 0.0% |
| Distributable reserves | 133 | €1,306,348 | €1,218,480 | -€87,868 | -6.7% |
| Amounts payable | 17/49 | €808,622 | €767,720 | -€40,902 | -5.1% |
| Amounts payable within one year | 42/48 | €682,863 | €767,720 | +€84,857 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €11,416 | - | -€11,416 | |
| Financial debts | 43 | - | €16,614 | +€16,614 | |
| Credit institutions | 430/8 | - | €16,614 | +€16,614 | |
| Trade debts | 44 | €408,275 | €329,647 | -€78,628 | -19.3% |
| Suppliers | 440/4 | €408,275 | €329,647 | -€78,628 | -19.3% |
| Advances received on contracts in progress | 46 | - | €106,353 | +€106,353 | |
| Taxes, remuneration and social security | 45 | €151,912 | €73,788 | -€78,124 | -51.4% |
| Taxes | 450/3 | €122,018 | €53,166 | -€68,853 | -56.4% |
| Remuneration and social security | 454/9 | €29,894 | €20,623 | -€9,271 | -31.0% |
| Other amounts payable | 47/48 | €111,260 | €241,318 | +€130,057 | +117% |
| Accrued charges and deferred income | 492/3 | €125,759 | - | -€125,759 | |
| Remuneration, social security and pensions | 62 | €405,830 | €387,883 | -€17,947 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,475 | €34,216 | -€40,259 | -54.1% |
| Other operating charges | 640/8 | €11,673 | €7,974 | -€3,700 | -31.7% |
| Gross operating margin | 9900 | €700,206 | €652,632 | -€47,574 | -6.8% |
| Operating profit (loss) | 9901 | €208,228 | €222,559 | +€14,331 | +6.9% |
| Financial income | 75/76B | €28,100 | €22,846 | -€5,253 | -18.7% |
| Recurring financial income | 75 | €28,100 | €22,846 | -€5,253 | -18.7% |
| Financial charges | 65/66B | €2,487 | €2,007 | -€480 | -19.3% |
| Recurring financial charges | 65 | €2,487 | €2,007 | -€480 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €233,840 | €243,398 | +€9,558 | +4.1% |
| Income taxes | 67/77 | €83,501 | €79,158 | -€4,343 | -5.2% |
| Profit (loss) for the period | 9904 | €150,340 | €164,240 | +€13,901 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €150,340 | €164,240 | +€13,901 | +9.2% |
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 23 October 2026 via checked.be.