QUBE SERVICING: 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 SERVICING
Largest movements
- Receivables within one year -€268,878
down €268,878 (-51.2%), from €524,994 to €256,116
of which Other amounts receivable: -€151,620
- Tangible fixed assets -€23,205
down €23,205 (-49.2%), from €47,125 to €23,920
- Debts after one year -€162,000
down €162,000 (-54.5%), from €297,200 to €135,200
- Profit (loss) carried forward -€104,931
down €104,931 (-185%), from -€56,753 to -€161,684
- Trade debts -€51,925
down €51,925 (-35.3%), from €146,994 to €95,069
- Other debts +€35,441
up €35,441 (+22.1%), from €160,242 to €195,684
- Tax, wage and social debts -€8,116
down €8,116 (-69.2%), from €11,730 to €3,614
- Gross operating margin -€60,056
down €60,056 (-816%), from -€7,362 to -€67,417
- Financial charges -€5,543
down €5,543 (-21.7%), from €25,560 to €20,017
- Financial income -€4,583
down €4,583 (-40.0%), from €11,457 to €6,874
- Taxes -€2,346
down €2,346 (-100%), from €2,346 to €0
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 | €578,013 | €286,482 | -€291,531 | -50.4% |
| Fixed assets | 21/28 | €47,125 | €23,920 | -€23,205 | -49.2% |
| Tangible fixed assets | 22/27 | €47,125 | €23,920 | -€23,205 | -49.2% |
| Furniture and vehicles | 24 | €47,125 | €23,920 | -€23,205 | -49.2% |
| Current assets | 29/58 | €530,888 | €262,562 | -€268,326 | -50.5% |
| Amounts receivable within one year | 40/41 | €524,994 | €256,116 | -€268,878 | -51.2% |
| Trade receivables | 40 | €132,958 | €15,700 | -€117,258 | -88.2% |
| Other amounts receivable | 41 | €392,036 | €240,416 | -€151,620 | -38.7% |
| Cash at bank and in hand | 54/58 | €5,894 | €6,445 | +€552 | +9.4% |
| Total equity and liabilities | 10/49 | €578,013 | €286,482 | -€291,531 | -50.4% |
| Equity | 10/15 | -€38,153 | -€143,084 | -€104,931 | -275% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,753 | -€161,684 | -€104,931 | -185% |
| Amounts payable | 17/49 | €616,166 | €429,566 | -€186,600 | -30.3% |
| Amounts payable after more than one year | 17 | €297,200 | €135,200 | -€162,000 | -54.5% |
| Financial debts | 170/4 | €297,200 | €135,200 | -€162,000 | -54.5% |
| Amounts payable within one year | 42/48 | €318,966 | €294,366 | -€24,600 | -7.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €146,994 | €95,069 | -€51,925 | -35.3% |
| Suppliers | 440/4 | €146,994 | €95,069 | -€51,925 | -35.3% |
| Taxes, remuneration and social security | 45 | €11,730 | €3,614 | -€8,116 | -69.2% |
| Taxes | 450/3 | €11,730 | €3,614 | -€8,116 | -69.2% |
| Other amounts payable | 47/48 | €160,242 | €195,684 | +€35,441 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,205 | €23,205 | = | 0.0% |
| Other operating charges | 640/8 | €1,056 | €1,166 | +€110 | +10.4% |
| Non-recurring operating charges | 66A | €7,911 | €0 | -€7,911 | -100% |
| Gross operating margin | 9900 | -€7,362 | -€67,417 | -€60,056 | -816% |
| Operating profit (loss) | 9901 | -€39,534 | -€91,788 | -€52,254 | -132% |
| Financial income | 75/76B | €11,457 | €6,874 | -€4,583 | -40.0% |
| Recurring financial income | 75 | €11,457 | €6,874 | -€4,583 | -40.0% |
| Financial charges | 65/66B | €25,560 | €20,017 | -€5,543 | -21.7% |
| Recurring financial charges | 65 | €25,560 | €20,017 | -€5,543 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€53,637 | -€104,931 | -€51,294 | -95.6% |
| Income taxes | 67/77 | €2,346 | €0 | -€2,346 | -100% |
| Profit (loss) for the period | 9904 | -€55,983 | -€104,931 | -€48,948 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,983 | -€104,931 | -€48,948 | -87.4% |
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 30 October 2026 via checked.be.