KUBOTEX: 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.
KUBOTEX
Largest movements
- Current investments +€263,705
new in 2025: €263,705
- Cash -€224,809
down €224,809 (-98.1%), from €229,101 to €4,292
mainly Current investments (-€263,705) and Tax, wage and social debts (-€10,711)
- Reserves +€44,411
up €44,411 (+55.5%), from €79,959 to €124,370
- Tax, wage and social debts -€10,711
down €10,711 (-30.4%), from €35,250 to €24,539
- Depreciation -€21,479
no longer reported in 2025 (was €21,479)
- Other operating charges -€18,590
down €18,590 (-48.8%), from €38,072 to €19,482
- Gross operating margin -€13,847
down €13,847 (-13.7%), from €100,863 to €87,016
- Taxes +€2,084
up €2,084 (+9.0%), from €23,081 to €25,165
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 | €638,648 | €676,500 | +€37,852 | +5.9% |
| Fixed assets | 21/28 | €243,007 | €243,007 | = | 0.0% |
| Tangible fixed assets | 22/27 | €242,815 | €242,815 | = | 0.0% |
| Land and buildings | 22 | €242,815 | €242,815 | = | 0.0% |
| Financial fixed assets | 28 | €192 | €192 | = | 0.0% |
| Current assets | 29/58 | €395,641 | €433,493 | +€37,852 | +9.6% |
| Amounts receivable within one year | 40/41 | €165,944 | €164,877 | -€1,067 | -0.6% |
| Trade receivables | 40 | €16,444 | €15,377 | -€1,067 | -6.5% |
| Other amounts receivable | 41 | €149,500 | €149,500 | = | 0.0% |
| Current investments | 50/53 | - | €263,705 | +€263,705 | |
| Cash at bank and in hand | 54/58 | €229,101 | €4,292 | -€224,809 | -98.1% |
| Deferred charges and accrued income | 490/1 | €597 | €619 | +€22 | +3.7% |
| Total equity and liabilities | 10/49 | €638,648 | €676,500 | +€37,852 | +5.9% |
| Equity | 10/15 | €547,109 | €591,519 | +€44,411 | +8.1% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €79,959 | €124,370 | +€44,411 | +55.5% |
| Distributable reserves | 133 | €79,959 | €124,370 | +€44,411 | +55.5% |
| Profit (loss) carried forward | 14 | €120,099 | €120,099 | = | 0.0% |
| Amounts payable | 17/49 | €91,540 | €84,980 | -€6,559 | -7.2% |
| Amounts payable within one year | 42/48 | €91,540 | €84,980 | -€6,559 | -7.2% |
| Trade debts | 44 | - | €4,152 | +€4,152 | |
| Suppliers | 440/4 | - | €4,152 | +€4,152 | |
| Taxes, remuneration and social security | 45 | €35,250 | €24,539 | -€10,711 | -30.4% |
| Taxes | 450/3 | €35,250 | €24,539 | -€10,711 | -30.4% |
| Other amounts payable | 47/48 | €56,290 | €56,290 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,479 | - | -€21,479 | |
| Other operating charges | 640/8 | €38,072 | €19,482 | -€18,590 | -48.8% |
| Gross operating margin | 9900 | €100,863 | €87,016 | -€13,847 | -13.7% |
| Operating profit (loss) | 9901 | €41,312 | €67,534 | +€26,222 | +63.5% |
| Financial income | 75/76B | €2,081 | €2,086 | +€4 | +0.2% |
| Recurring financial income | 75 | €2,081 | €2,086 | +€4 | +0.2% |
| Financial charges | 65/66B | €46 | €45 | -€1 | -2.6% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €43,348 | €69,576 | +€26,228 | +60.5% |
| Income taxes | 67/77 | €23,081 | €25,165 | +€2,084 | +9.0% |
| Profit (loss) for the period | 9904 | €20,267 | €44,411 | +€24,144 | +119.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,267 | €44,411 | +€24,144 | +119.1% |
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 7 October 2026 via checked.be.