KUBOVIE: 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.
KUBOVIE
Largest movements
- Cash -€45,855
down €45,855 (-33.0%), from €139,143 to €93,288
mainly Other debts (-€69,940) and Contributions, distributions and other (-€19,582)
- Receivables after one year -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Receivables within one year +€8,791
up €8,791 (+83.7%), from €10,500 to €19,291
of which Trade receivables: +€12,500
- Other debts -€69,940
down €69,940 (-98.3%), from €71,160 to €1,220
- Reserves +€14,363
up €14,363 (+13.7%), from €104,880 to €119,243
- Financial income -€291,457
down €291,457 (-96.9%), from €300,792 to €9,334
- Gross operating margin +€86,100
up €86,100, from -€50,214 to €35,886
- Taxes +€3,924
up €3,924 (+2,250%), from €174 to €4,099
- Financial charges +€1,494
up €1,494 (+113%), from €1,319 to €2,813
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 | €380,930 | €323,588 | -€57,342 | -15.1% |
| Fixed assets | 21/28 | €27,898 | €29,795 | +€1,898 | +6.8% |
| Tangible fixed assets | 22/27 | €17,898 | €19,795 | +€1,898 | +10.6% |
| Plant, machinery and equipment | 23 | €2,440 | €1,904 | -€537 | -22.0% |
| Furniture and vehicles | 24 | €1,045 | €6,823 | +€5,777 | +553% |
| Other tangible fixed assets | 26 | €14,412 | €11,069 | -€3,343 | -23.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €353,032 | €293,792 | -€59,240 | -16.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Other amounts receivable | 291 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €10,500 | €19,291 | +€8,791 | +83.7% |
| Trade receivables | 40 | - | €12,500 | +€12,500 | |
| Other amounts receivable | 41 | €10,500 | €6,791 | -€3,709 | -35.3% |
| Current investments | 50/53 | €100,000 | €101,500 | +€1,500 | +1.5% |
| Cash at bank and in hand | 54/58 | €139,143 | €93,288 | -€45,855 | -33.0% |
| Deferred charges and accrued income | 490/1 | €3,389 | €4,713 | +€1,324 | +39.1% |
| Total equity and liabilities | 10/49 | €380,930 | €323,588 | -€57,342 | -15.1% |
| Equity | 10/15 | €300,165 | €312,668 | +€12,503 | +4.2% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €104,880 | €119,243 | +€14,363 | +13.7% |
| Distributable reserves | 133 | €104,880 | €119,243 | +€14,363 | +13.7% |
| Profit (loss) carried forward | 14 | €174,825 | €174,825 | = | 0.0% |
| Amounts payable | 17/49 | €80,765 | €10,919 | -€69,846 | -86.5% |
| Amounts payable within one year | 42/48 | €80,765 | €10,919 | -€69,846 | -86.5% |
| Trade debts | 44 | €4 | €99 | +€95 | +2,147% |
| Suppliers | 440/4 | €4 | €99 | +€95 | +2,147% |
| Taxes, remuneration and social security | 45 | €9,600 | €9,600 | = | 0.0% |
| Taxes | 450/3 | €6,600 | €6,600 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €71,160 | €1,220 | -€69,940 | -98.3% |
| Non-recurring operating income | 76A | €16,240 | - | -€16,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,318 | €3,042 | -€277 | -8.3% |
| Other operating charges | 640/8 | €941 | €957 | +€16 | +1.7% |
| Non-recurring operating charges | 66A | - | €2,225 | +€2,225 | |
| Gross operating margin | 9900 | -€50,214 | €35,886 | +€86,100 | |
| Operating profit (loss) | 9901 | -€54,473 | €29,663 | +€84,136 | |
| Financial income | 75/76B | €300,792 | €9,334 | -€291,457 | -96.9% |
| Recurring financial income | 75 | €300,792 | €9,334 | -€291,457 | -96.9% |
| Financial charges | 65/66B | €1,319 | €2,813 | +€1,494 | +113% |
| Recurring financial charges | 65 | €1,319 | €2,813 | +€1,494 | +113% |
| Profit (loss) for the period before taxes | 9903 | €245,000 | €36,184 | -€208,816 | -85.2% |
| Income taxes | 67/77 | €174 | €4,099 | +€3,924 | +2,250% |
| Profit (loss) for the period | 9904 | €244,825 | €32,085 | -€212,740 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €244,825 | €32,085 | -€212,740 | -86.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.