KUBRIEK: 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.
KUBRIEK
Largest movements
- Cash -€553,226
down €553,226 (-79.0%), from €700,658 to €147,431
mainly Contributions, distributions and other (-€282,882) and Stocks and contracts (-€221,112)
- Stocks and contracts +€221,112
up €221,112 (+254%), from €86,937 to €308,049
- Deferred charges and accrued income +€14,438
up €14,438 (+220%), from €6,572 to €21,010
- Reserves -€309,378
down €309,378 (-100%), from €309,378 to €0
- Debts after one year +€212,500
up €212,500 (+35.4%), from €600,000 to €812,500
- Tax, wage and social debts -€113,735
down €113,735 (-97.8%), from €116,290 to €2,555
- Trade debts -€113,655
down €113,655 (-52.1%), from €218,078 to €104,423
- Other debts -€16,500
down €16,500 (-33.4%), from €49,382 to €32,882
- Gross operating margin -€444,300
down €444,300, from €415,802 to -€28,498
- Taxes -€103,614
down €103,614 (-100%), from €103,614 to €0
- Financial charges -€9,156
down €9,156 (-88.2%), from €10,378 to €1,222
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 | €1,313,128 | €972,460 | -€340,668 | -25.9% |
| Fixed assets | 21/28 | €42,530 | €21,388 | -€21,142 | -49.7% |
| Tangible fixed assets | 22/27 | €29,830 | €19,263 | -€10,567 | -35.4% |
| Plant, machinery and equipment | 23 | €1,589 | €932 | -€657 | -41.4% |
| Furniture and vehicles | 24 | €28,240 | €18,331 | -€9,909 | -35.1% |
| Financial fixed assets | 28 | €12,700 | €2,125 | -€10,575 | -83.3% |
| Current assets | 29/58 | €1,270,598 | €951,072 | -€319,526 | -25.1% |
| Amounts receivable after more than one year | 29 | €468,000 | €468,000 | = | 0.0% |
| Other amounts receivable | 291 | €468,000 | €468,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €86,937 | €308,049 | +€221,112 | +254% |
| Stocks | 30/36 | €86,937 | €308,049 | +€221,112 | +254% |
| Amounts receivable within one year | 40/41 | €8,431 | €6,582 | -€1,849 | -21.9% |
| Trade receivables | 40 | €7,334 | €5,437 | -€1,897 | -25.9% |
| Other amounts receivable | 41 | €1,097 | €1,145 | +€48 | +4.4% |
| Cash at bank and in hand | 54/58 | €700,658 | €147,431 | -€553,226 | -79.0% |
| Deferred charges and accrued income | 490/1 | €6,572 | €21,010 | +€14,438 | +220% |
| Total equity and liabilities | 10/49 | €1,313,128 | €972,460 | -€340,668 | -25.9% |
| Equity | 10/15 | €329,378 | €20,000 | -€309,378 | -93.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €309,378 | €0 | -€309,378 | -100% |
| Distributable reserves | 133 | €309,378 | €0 | -€309,378 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €983,749 | €952,460 | -€31,289 | -3.2% |
| Amounts payable after more than one year | 17 | €600,000 | €812,500 | +€212,500 | +35.4% |
| Other amounts payable | 178/9 | €600,000 | €812,500 | +€212,500 | +35.4% |
| Amounts payable within one year | 42/48 | €383,749 | €139,860 | -€243,889 | -63.6% |
| Trade debts | 44 | €218,078 | €104,423 | -€113,655 | -52.1% |
| Suppliers | 440/4 | €218,078 | €104,423 | -€113,655 | -52.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €116,290 | €2,555 | -€113,735 | -97.8% |
| Taxes | 450/3 | €116,290 | €2,555 | -€113,735 | -97.8% |
| Other amounts payable | 47/48 | €49,382 | €32,882 | -€16,500 | -33.4% |
| Accrued charges and deferred income | 492/3 | €0 | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,187 | €10,567 | +€380 | +3.7% |
| Other operating charges | 640/8 | €340 | €2,154 | +€1,814 | +533% |
| Gross operating margin | 9900 | €415,802 | -€28,498 | -€444,300 | |
| Operating profit (loss) | 9901 | €405,275 | -€41,219 | -€446,494 | |
| Financial income | 75/76B | €18,095 | €15,944 | -€2,151 | -11.9% |
| Recurring financial income | 75 | €18,095 | €15,944 | -€2,151 | -11.9% |
| Financial charges | 65/66B | €10,378 | €1,222 | -€9,156 | -88.2% |
| Recurring financial charges | 65 | €10,378 | €1,222 | -€9,156 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €412,992 | -€26,496 | -€439,489 | |
| Income taxes | 67/77 | €103,614 | €0 | -€103,614 | -100% |
| Profit (loss) for the period | 9904 | €309,378 | -€26,496 | -€335,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €309,378 | -€26,496 | -€335,875 |
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 14 October 2026 via checked.be.