M-CUBE: 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.
M-CUBE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€400
no longer reported in 2025 (was €400)
- Gross operating margin +€26
new in 2025: €26
- Financial charges -€17
down €17 (-68.5%), from €25 to €8
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,275 | €4,275 | = | 0.0% |
| Fixed assets | 21/28 | €4,275 | €4,275 | = | 0.0% |
| Financial fixed assets | 28 | €4,275 | €4,275 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,275 | €4,275 | = | 0.0% |
| Equity | 10/15 | -€18,009 | -€17,990 | +€19 | +0.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,309 | -€24,290 | +€19 | +0.1% |
| Amounts payable | 17/49 | €22,284 | €22,265 | -€19 | -0.1% |
| Amounts payable within one year | 42/48 | €22,284 | €22,265 | -€19 | -0.1% |
| Financial debts | 43 | €19 | - | -€19 | |
| Credit institutions | 430/8 | €19 | - | -€19 | |
| Trade debts | 44 | €544 | €544 | = | 0.0% |
| Suppliers | 440/4 | €544 | €544 | = | 0.0% |
| Other amounts payable | 47/48 | €21,721 | €21,721 | = | 0.0% |
| Other operating charges | 640/8 | €400 | - | -€400 | |
| Gross operating margin | 9900 | - | €26 | +€26 | |
| Operating profit (loss) | 9901 | -€400 | €26 | +€426 | |
| Financial charges | 65/66B | €25 | €8 | -€17 | -68.5% |
| Recurring financial charges | 65 | €25 | €8 | -€17 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | -€424 | €19 | +€443 | |
| Profit (loss) for the period | 9904 | -€424 | €19 | +€443 | |
| Profit (loss) for the period to be appropriated | 9905 | -€424 | €19 | +€443 |
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 9 October 2026 via checked.be.