QUBE LINE: 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.
QUBE LINE
Largest movements
- Receivables within one year +€236,807
up €236,807 (+105%), from €225,183 to €461,990
- Cash +€4,998
up €4,998 (+244%), from €2,051 to €7,050
mainly Trade debts (+€315,794) and Net result for the year (+€8,327)
- Trade debts +€315,794
up €315,794 (+570%), from €55,370 to €371,164
- Short-term financial debts -€80,000
down €80,000 (-80.0%), from €100,000 to €20,000
- Reserves +€8,327
up €8,327 (+54.7%), from €15,226 to €23,553
- Financial charges +€6,258
up €6,258 (+2,284%), from €274 to €6,532
- Taxes -€2,576
down €2,576 (-69.1%), from €3,726 to €1,150
- Gross operating margin +€1,614
up €1,614 (+12.0%), from €13,476 to €15,089
- Financial income -€770
down €770 (-34.7%), from €2,217 to €1,447
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 | €227,235 | €469,039 | +€241,805 | +106% |
| Current assets | 29/58 | €227,235 | €469,039 | +€241,805 | +106% |
| Amounts receivable within one year | 40/41 | €225,183 | €461,990 | +€236,807 | +105% |
| Trade receivables | 40 | €225,183 | €461,990 | +€236,807 | +105% |
| Cash at bank and in hand | 54/58 | €2,051 | €7,050 | +€4,998 | +244% |
| Total equity and liabilities | 10/49 | €227,235 | €469,039 | +€241,805 | +106% |
| Equity | 10/15 | €55,226 | €63,553 | +€8,327 | +15.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €15,226 | €23,553 | +€8,327 | +54.7% |
| Distributable reserves | 133 | €15,226 | €23,553 | +€8,327 | +54.7% |
| Amounts payable | 17/49 | €172,008 | €405,486 | +€233,478 | +136% |
| Amounts payable within one year | 42/48 | €171,373 | €405,111 | +€233,738 | +136% |
| Financial debts | 43 | €100,000 | €20,000 | -€80,000 | -80.0% |
| Credit institutions | 430/8 | €100,000 | €20,000 | -€80,000 | -80.0% |
| Trade debts | 44 | €55,370 | €371,164 | +€315,794 | +570% |
| Suppliers | 440/4 | €55,370 | €371,164 | +€315,794 | +570% |
| Taxes, remuneration and social security | 45 | €16,004 | €13,947 | -€2,056 | -12.8% |
| Taxes | 450/3 | €16,004 | €13,947 | -€2,056 | -12.8% |
| Accrued charges and deferred income | 492/3 | €635 | €375 | -€260 | -40.9% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €13,476 | €15,089 | +€1,614 | +12.0% |
| Operating profit (loss) | 9901 | €12,962 | €14,562 | +€1,599 | +12.3% |
| Financial income | 75/76B | €2,217 | €1,447 | -€770 | -34.7% |
| Recurring financial income | 75 | €2,217 | €1,447 | -€770 | -34.7% |
| Financial charges | 65/66B | €274 | €6,532 | +€6,258 | +2,284% |
| Recurring financial charges | 65 | €274 | €6,532 | +€6,258 | +2,284% |
| Profit (loss) for the period before taxes | 9903 | €14,905 | €9,477 | -€5,428 | -36.4% |
| Income taxes | 67/77 | €3,726 | €1,150 | -€2,576 | -69.1% |
| Profit (loss) for the period | 9904 | €11,179 | €8,327 | -€2,852 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,179 | €8,327 | -€2,852 | -25.5% |
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 14 October 2026 via checked.be.