LA CUBA: 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.
LA CUBA
Largest movements
- Receivables within one year +€280,237
up €280,237 (+177%), from €158,053 to €438,290
of which Other amounts receivable: +€143,267
- Receivables after one year -€240,500
down €240,500 (-47.0%), from €511,500 to €271,000
- Intangible fixed assets -€8,000
down €8,000 (-20.2%), from €39,519 to €31,519
- Trade debts +€94,377
up €94,377 (+62.3%), from €151,406 to €245,783
- Other debts -€84,530
down €84,530 (-37.6%), from €225,090 to €140,560
- Tax, wage and social debts +€39,693
up €39,693 (+54.7%), from €72,507 to €112,200
of which Taxes: +€50,375
- Reserves -€17,493
down €17,493 (-7.5%), from €232,824 to €215,331
of which Distributable reserves: -€17,493
- Gross operating margin -€28,285
down €28,285 (-10.4%), from €273,117 to €244,831
- Taxes -€12,540
down €12,540 (-27.5%), from €45,666 to €33,126
- Depreciation +€10,405
up €10,405 (+46.0%), from €22,596 to €33,001
- Staff costs -€7,551
down €7,551 (-5.7%), from €132,710 to €125,159
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 | €752,550 | €784,598 | +€32,047 | +4.3% |
| Fixed assets | 21/28 | €62,074 | €52,083 | -€9,991 | -16.1% |
| Intangible fixed assets | 21 | €39,519 | €31,519 | -€8,000 | -20.2% |
| Tangible fixed assets | 22/27 | €22,130 | €20,139 | -€1,991 | -9.0% |
| Land and buildings | 22 | - | €6,871 | +€6,871 | |
| Plant, machinery and equipment | 23 | €21,633 | €0 | -€21,633 | -100.0% |
| Furniture and vehicles | 24 | €497 | €13,268 | +€12,771 | +2,568% |
| Financial fixed assets | 28 | €425 | €425 | = | 0.0% |
| Current assets | 29/58 | €690,476 | €732,514 | +€42,038 | +6.1% |
| Amounts receivable after more than one year | 29 | €511,500 | €271,000 | -€240,500 | -47.0% |
| Other amounts receivable | 291 | €511,500 | €271,000 | -€240,500 | -47.0% |
| Stocks and contracts in progress | 3 | €20,231 | €20,231 | = | 0.0% |
| Stocks | 30/36 | €20,231 | €20,231 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €158,053 | €438,290 | +€280,237 | +177% |
| Trade receivables | 40 | €47,074 | €184,044 | +€136,971 | +291% |
| Other amounts receivable | 41 | €110,979 | €254,245 | +€143,267 | +129% |
| Cash at bank and in hand | 54/58 | €693 | €2,994 | +€2,301 | +332% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €752,550 | €784,598 | +€32,047 | +4.3% |
| Equity | 10/15 | €303,547 | €286,054 | -€17,493 | -5.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €232,824 | €215,331 | -€17,493 | -7.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €232,824 | €215,331 | -€17,493 | -7.5% |
| Profit (loss) carried forward | 14 | €70,623 | €70,623 | = | 0.0% |
| Amounts payable | 17/49 | €449,003 | €498,544 | +€49,541 | +11.0% |
| Amounts payable within one year | 42/48 | €449,003 | €498,544 | +€49,541 | +11.0% |
| Trade debts | 44 | €151,406 | €245,783 | +€94,377 | +62.3% |
| Suppliers | 440/4 | €151,406 | €245,783 | +€94,377 | +62.3% |
| Taxes, remuneration and social security | 45 | €72,507 | €112,200 | +€39,693 | +54.7% |
| Taxes | 450/3 | €59,339 | €109,713 | +€50,375 | +84.9% |
| Remuneration and social security | 454/9 | €13,169 | €2,487 | -€10,682 | -81.1% |
| Other amounts payable | 47/48 | €225,090 | €140,560 | -€84,530 | -37.6% |
| Remuneration, social security and pensions | 62 | €132,710 | €125,159 | -€7,551 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,596 | €33,001 | +€10,405 | +46.0% |
| Other operating charges | 640/8 | €1,365 | €2,753 | +€1,389 | +102% |
| Gross operating margin | 9900 | €273,117 | €244,831 | -€28,285 | -10.4% |
| Operating profit (loss) | 9901 | €116,447 | €83,918 | -€32,528 | -27.9% |
| Financial income | 75/76B | €14,200 | €12,432 | -€1,768 | -12.5% |
| Recurring financial income | 75 | €14,200 | €12,432 | -€1,768 | -12.5% |
| Financial charges | 65/66B | €76 | €1,229 | +€1,154 | +1,523% |
| Recurring financial charges | 65 | €76 | €1,229 | +€1,154 | +1,523% |
| Profit (loss) for the period before taxes | 9903 | €130,571 | €95,120 | -€35,450 | -27.2% |
| Income taxes | 67/77 | €45,666 | €33,126 | -€12,540 | -27.5% |
| Profit (loss) for the period | 9904 | €84,905 | €61,995 | -€22,910 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,905 | €61,995 | -€22,910 | -27.0% |
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 22 October 2026 via checked.be.