KUBUS2: 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.
KUBUS2
Largest movements
- Cash +€119,380
up €119,380 (+395%), from €30,249 to €149,629
mainly Contributions, distributions and other (+€115,961) and Receivables within one year (+€20,022)
- Receivables within one year -€20,022
down €20,022 (-95.5%), from €20,967 to €945
of which Trade receivables: -€12,122
- Deferred charges and accrued income -€16,814
no longer reported in 2025 (was €16,814)
- Tangible fixed assets +€4,653
up €4,653 (+170%), from €2,735 to €7,388
of which Plant, machinery and equipment: +€5,723
- Reserves +€84,711
up €84,711 (+192%), from €44,220 to €128,931
- Contributions +€31,250
up €31,250 (+625%), from €5,000 to €36,250
- Profit (loss) carried forward -€23,750
new in 2025: -€23,750
- Accrued charges and deferred income -€7,705
no longer reported in 2025 (was €7,705)
- Gross operating margin -€15,668
down €15,668 (-298%), from -€5,258 to -€20,926
- Financial charges -€2,227
down €2,227 (-96.7%), from €2,303 to €76
- Other operating charges +€677
up €677 (+95.8%), from €706 to €1,383
- Depreciation +€246
up €246 (+16.9%), from €1,455 to €1,701
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 | €71,265 | €157,962 | +€86,697 | +122% |
| Fixed assets | 21/28 | €2,735 | €7,388 | +€4,653 | +170% |
| Tangible fixed assets | 22/27 | €2,735 | €7,388 | +€4,653 | +170% |
| Plant, machinery and equipment | 23 | €168 | €5,890 | +€5,723 | +3,417% |
| Furniture and vehicles | 24 | €2,567 | €1,498 | -€1,070 | -41.7% |
| Current assets | 29/58 | €68,530 | €150,574 | +€82,044 | +120% |
| Stocks and contracts in progress | 3 | €500 | - | -€500 | |
| Stocks | 30/36 | €500 | - | -€500 | |
| Amounts receivable within one year | 40/41 | €20,967 | €945 | -€20,022 | -95.5% |
| Trade receivables | 40 | €13,067 | €945 | -€12,122 | -92.8% |
| Other amounts receivable | 41 | €7,899 | - | -€7,899 | |
| Cash at bank and in hand | 54/58 | €30,249 | €149,629 | +€119,380 | +395% |
| Deferred charges and accrued income | 490/1 | €16,814 | - | -€16,814 | |
| Total equity and liabilities | 10/49 | €71,265 | €157,962 | +€86,697 | +122% |
| Equity | 10/15 | €49,220 | €141,431 | +€92,211 | +187% |
| Contributions | 10/11 | €5,000 | €36,250 | +€31,250 | +625% |
| Reserves | 13 | €44,220 | €128,931 | +€84,711 | +192% |
| Distributable reserves | 133 | €44,220 | €128,931 | +€84,711 | +192% |
| Profit (loss) carried forward | 14 | - | -€23,750 | -€23,750 | |
| Amounts payable | 17/49 | €22,045 | €16,531 | -€5,514 | -25.0% |
| Amounts payable within one year | 42/48 | €14,340 | €16,531 | +€2,191 | +15.3% |
| Trade debts | 44 | €379 | €247 | -€132 | -34.9% |
| Suppliers | 440/4 | €379 | €247 | -€132 | -34.9% |
| Taxes, remuneration and social security | 45 | €682 | €2,218 | +€1,535 | +225% |
| Taxes | 450/3 | €682 | €2,218 | +€1,535 | +225% |
| Other amounts payable | 47/48 | €13,279 | €14,067 | +€787 | +5.9% |
| Accrued charges and deferred income | 492/3 | €7,705 | - | -€7,705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,455 | €1,701 | +€246 | +16.9% |
| Other operating charges | 640/8 | €706 | €1,383 | +€677 | +95.8% |
| Non-recurring operating charges | 66A | €7,969 | - | -€7,969 | |
| Gross operating margin | 9900 | -€5,258 | -€20,926 | -€15,668 | -298% |
| Operating profit (loss) | 9901 | -€15,388 | -€24,010 | -€8,622 | -56.0% |
| Financial income | 75/76B | €193 | €336 | +€143 | +73.8% |
| Recurring financial income | 75 | €193 | €336 | +€143 | +73.8% |
| Financial charges | 65/66B | €2,303 | €76 | -€2,227 | -96.7% |
| Recurring financial charges | 65 | €2,303 | €76 | -€2,227 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,498 | -€23,750 | -€6,252 | -35.7% |
| Income taxes | 67/77 | -€21 | - | +€21 | |
| Profit (loss) for the period | 9904 | -€17,477 | -€23,750 | -€6,273 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,477 | -€23,750 | -€6,273 | -35.9% |
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 28 October 2026 via checked.be.