Kuub: 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.
Kuub
Largest movements
- Cash +€225,539
up €225,539 (+158.7%), from €142,120 to €367,659
mainly Net result for the year (+€354,063) and Investment in fixed assets (net) (+€67,773)
- Current investments +€185,441
up €185,441 (+1251.7%), from €14,815 to €200,255
- Financial fixed assets -€85,000
down €85,000 (-100.0%), from €85,000 to €0
- Tangible fixed assets +€9,093
up €9,093 (+21.7%), from €41,917 to €51,010
of which Other tangible fixed assets: +€7,520
- Reserves +€354,063
up €354,063 (+206.4%), from €171,514 to €525,577
- Debts after one year -€42,261
down €42,261 (-100.0%), from €42,261 to €0
- Tax, wage and social debts +€35,033
up €35,033 (+63.1%), from €55,533 to €90,566
of which Taxes: +€33,256
- Current portion of long-term debt -€16,685
down €16,685 (-100.0%), from €16,685 to €0
- Financial income +€247,730
up €247,730 (+52344.4%), from €473 to €248,203
of which Non-recurring financial income: +€235,000
- Taxes -€9,873
down €9,873 (-23.4%), from €42,248 to €32,375
- Depreciation +€2,742
up €2,742 (+50.9%), from €5,392 to €8,134
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 | €310,622 | €644,097 | +€333,476 | +107.4% |
| Fixed assets | 21/28 | €126,917 | €51,010 | -€75,907 | -59.8% |
| Tangible fixed assets | 22/27 | €41,917 | €51,010 | +€9,093 | +21.7% |
| Furniture and vehicles | 24 | €6,553 | €8,127 | +€1,574 | +24.0% |
| Other tangible fixed assets | 26 | €35,364 | €42,884 | +€7,520 | +21.3% |
| Financial fixed assets | 28 | €85,000 | €0 | -€85,000 | -100.0% |
| Current assets | 29/58 | €183,704 | €593,087 | +€409,383 | +222.8% |
| Amounts receivable within one year | 40/41 | €26,770 | €25,172 | -€1,597 | -6.0% |
| Trade receivables | 40 | €26,770 | €25,172 | -€1,597 | -6.0% |
| Current investments | 50/53 | €14,815 | €200,255 | +€185,441 | +1251.7% |
| Cash at bank and in hand | 54/58 | €142,120 | €367,659 | +€225,539 | +158.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €310,622 | €644,097 | +€333,476 | +107.4% |
| Equity | 10/15 | €174,514 | €528,577 | +€354,063 | +202.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €171,514 | €525,577 | +€354,063 | +206.4% |
| Distributable reserves | 133 | €171,514 | €525,577 | +€354,063 | +206.4% |
| Amounts payable | 17/49 | €136,108 | €115,520 | -€20,587 | -15.1% |
| Amounts payable after more than one year | 17 | €42,261 | €0 | -€42,261 | -100.0% |
| Financial debts | 170/4 | €42,261 | €0 | -€42,261 | -100.0% |
| Amounts payable within one year | 42/48 | €93,073 | €114,702 | +€21,630 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €16,685 | €0 | -€16,685 | -100.0% |
| Trade debts | 44 | €5,860 | €7,122 | +€1,262 | +21.5% |
| Suppliers | 440/4 | €5,860 | €7,122 | +€1,262 | +21.5% |
| Taxes, remuneration and social security | 45 | €55,533 | €90,566 | +€35,033 | +63.1% |
| Taxes | 450/3 | €53,560 | €86,816 | +€33,256 | +62.1% |
| Remuneration and social security | 454/9 | €1,974 | €3,750 | +€1,776 | +90.0% |
| Other amounts payable | 47/48 | €14,994 | €17,014 | +€2,020 | +13.5% |
| Accrued charges and deferred income | 492/3 | €774 | €818 | +€43 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,392 | €8,134 | +€2,742 | +50.9% |
| Other operating charges | 640/8 | €759 | €546 | -€213 | -28.1% |
| Gross operating margin | 9900 | €157,077 | €155,675 | -€1,401 | -0.9% |
| Operating profit (loss) | 9901 | €150,926 | €146,996 | -€3,930 | -2.6% |
| Financial income | 75/76B | €473 | €248,203 | +€247,730 | +52344.4% |
| Recurring financial income | 75 | €473 | €13,204 | +€12,730 | +2689.9% |
| Non-recurring financial income | 76B | - | €235,000 | +€235,000 | |
| Financial charges | 65/66B | €7,262 | €8,761 | +€1,499 | +20.6% |
| Recurring financial charges | 65 | €7,262 | €8,761 | +€1,499 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €144,137 | €386,438 | +€242,301 | +168.1% |
| Income taxes | 67/77 | €42,248 | €32,375 | -€9,873 | -23.4% |
| Profit (loss) for the period | 9904 | €101,889 | €354,063 | +€252,174 | +247.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,889 | €354,063 | +€252,174 | +247.5% |
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 10 October 2026 via checked.be.