Kyubi: 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.
Kyubi
Largest movements
- Cash +€56,337
up €56,337 (+103.7%), from €54,320 to €110,657
mainly Receivables within one year (+€33,208) and Net result for the year (+€22,385)
- Receivables within one year -€33,208
down €33,208 (-78.6%), from €42,271 to €9,064
of which Trade receivables: -€35,329
- Tangible fixed assets -€10,789
down €10,789 (-38.2%), from €28,230 to €17,441
of which Furniture and vehicles: -€10,128
- Reserves +€22,385
up €22,385 (+30.8%), from €72,688 to €95,073
- Debts after one year -€9,474
down €9,474 (-66.3%), from €14,291 to €4,817
- Tax, wage and social debts -€1,733
down €1,733 (-8.4%), from €20,712 to €18,978
of which Taxes: -€1,664
- Trade debts +€1,528
up €1,528 (+60.6%), from €2,524 to €4,052
- Gross operating margin -€21,973
down €21,973 (-31.7%), from €69,304 to €47,330
- Taxes -€5,650
down €5,650 (-34.2%), from €16,533 to €10,883
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 | €126,450 | €138,706 | +€12,256 | +9.7% |
| Fixed assets | 21/28 | €28,230 | €17,441 | -€10,789 | -38.2% |
| Tangible fixed assets | 22/27 | €28,230 | €17,441 | -€10,789 | -38.2% |
| Plant, machinery and equipment | 23 | €2,646 | €1,985 | -€661 | -25.0% |
| Furniture and vehicles | 24 | €25,584 | €15,456 | -€10,128 | -39.6% |
| Current assets | 29/58 | €98,220 | €121,265 | +€23,045 | +23.5% |
| Amounts receivable within one year | 40/41 | €42,271 | €9,064 | -€33,208 | -78.6% |
| Trade receivables | 40 | €42,265 | €6,937 | -€35,329 | -83.6% |
| Other amounts receivable | 41 | €6 | €2,127 | +€2,121 | +34432.8% |
| Cash at bank and in hand | 54/58 | €54,320 | €110,657 | +€56,337 | +103.7% |
| Deferred charges and accrued income | 490/1 | €1,628 | €1,544 | -€84 | -5.2% |
| Total equity and liabilities | 10/49 | €126,450 | €138,706 | +€12,256 | +9.7% |
| Equity | 10/15 | €72,788 | €95,173 | +€22,385 | +30.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €72,688 | €95,073 | +€22,385 | +30.8% |
| Distributable reserves | 133 | €72,688 | €95,073 | +€22,385 | +30.8% |
| Amounts payable | 17/49 | €53,662 | €43,533 | -€10,129 | -18.9% |
| Amounts payable after more than one year | 17 | €14,291 | €4,817 | -€9,474 | -66.3% |
| Financial debts | 170/4 | €14,291 | €4,817 | -€9,474 | -66.3% |
| Amounts payable within one year | 42/48 | €39,371 | €38,716 | -€655 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €9,264 | €9,474 | +€210 | +2.3% |
| Trade debts | 44 | €2,524 | €4,052 | +€1,528 | +60.6% |
| Suppliers | 440/4 | €2,524 | €4,052 | +€1,528 | +60.6% |
| Taxes, remuneration and social security | 45 | €20,712 | €18,978 | -€1,733 | -8.4% |
| Taxes | 450/3 | €16,093 | €14,428 | -€1,664 | -10.3% |
| Remuneration and social security | 454/9 | €4,619 | €4,550 | -€69 | -1.5% |
| Other amounts payable | 47/48 | €6,871 | €6,211 | -€659 | -9.6% |
| Remuneration, social security and pensions | 62 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,492 | €10,789 | +€297 | +2.8% |
| Other operating charges | 640/8 | €817 | €705 | -€113 | -13.8% |
| Gross operating margin | 9900 | €69,304 | €47,330 | -€21,973 | -31.7% |
| Operating profit (loss) | 9901 | €57,494 | €35,336 | -€22,157 | -38.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,972 | €2,068 | +€96 | +4.9% |
| Recurring financial charges | 65 | €1,972 | €2,068 | +€96 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €55,522 | €33,268 | -€22,254 | -40.1% |
| Income taxes | 67/77 | €16,533 | €10,883 | -€5,650 | -34.2% |
| Profit (loss) for the period | 9904 | €38,988 | €22,385 | -€16,604 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,988 | €22,385 | -€16,604 | -42.6% |
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 12 October 2026 via checked.be.