SWEET CUBERDONS: what changed
Two fiscal 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.
SWEET CUBERDONS
Largest movements
- Cash -€88,692
down €88,692 (-93.3%), from €95,092 to €6,399
mainly Short-term financial debts (-€139,849) and Investment in fixed assets (net) (-€96,073)
- Tangible fixed assets +€55,857
up €55,857 (+12.5%), from €448,380 to €504,237
of which Plant, machinery and equipment: +€107,153
- Stocks and contracts +€55,418
up €55,418 (+32.7%), from €169,614 to €225,032
- Intangible fixed assets -€31,263
down €31,263 (-72.1%), from €43,340 to €12,077
- Receivables within one year -€14,352
down €14,352 (-2.5%), from €583,613 to €569,261
of which Other amounts receivable: -€8,298
- Short-term financial debts -€139,849
down €139,849 (-46.6%), from €300,000 to €160,151
- Debts after one year +€116,693
up €116,693 (+47.2%), from €247,252 to €363,944
- Current portion of long-term debt -€53,787
down €53,787 (-43.1%), from €124,693 to €70,906
- Reserves +€47,900
new in 2025: €47,900
- Tax, wage and social debts +€19,956
up €19,956 (+16.6%), from €120,317 to €140,273
of which Remuneration and social security: +€14,473
- Gross operating margin -€35,716
down €35,716 (-4.9%), from €730,075 to €694,359
- Taxes -€22,361
down €22,361 (-55.7%), from €40,153 to €17,792
- Staff costs +€19,614
up €19,614 (+4.1%), from €475,788 to €495,402
- Other operating charges -€18,410
down €18,410 (-43.3%), from €42,500 to €24,091
- Depreciation +€14,870
up €14,870 (+26.3%), from €56,609 to €71,479
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 | €1,340,761 | €1,317,757 | -€23,003 | -1.7% |
| Fixed assets | 21/28 | €492,220 | €516,813 | +€24,593 | +5.0% |
| Intangible fixed assets | 21 | €43,340 | €12,077 | -€31,263 | -72.1% |
| Tangible fixed assets | 22/27 | €448,380 | €504,237 | +€55,857 | +12.5% |
| Land and buildings | 22 | €370,315 | €355,176 | -€15,139 | -4.1% |
| Plant, machinery and equipment | 23 | €33,278 | €140,432 | +€107,153 | +322.0% |
| Furniture and vehicles | 24 | €11,187 | €8,630 | -€2,557 | -22.9% |
| Assets under construction and advance payments | 27 | €33,600 | €0 | -€33,600 | -100.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €848,541 | €800,944 | -€47,597 | -5.6% |
| Stocks and contracts in progress | 3 | €169,614 | €225,032 | +€55,418 | +32.7% |
| Stocks | 30/36 | €169,614 | €225,032 | +€55,418 | +32.7% |
| Amounts receivable within one year | 40/41 | €583,613 | €569,261 | -€14,352 | -2.5% |
| Trade receivables | 40 | €539,489 | €533,435 | -€6,054 | -1.1% |
| Other amounts receivable | 41 | €44,124 | €35,826 | -€8,298 | -18.8% |
| Cash at bank and in hand | 54/58 | €95,092 | €6,399 | -€88,692 | -93.3% |
| Deferred charges and accrued income | 490/1 | €222 | €252 | +€30 | +13.7% |
| Total equity and liabilities | 10/49 | €1,340,761 | €1,317,757 | -€23,003 | -1.7% |
| Equity | 10/15 | €46,988 | €95,546 | +€48,558 | +103.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €47,900 | +€47,900 | |
| Distributable reserves | 133 | - | €47,900 | +€47,900 | |
| Profit (loss) carried forward | 14 | -€3,259 | €0 | +€3,259 | |
| Investment grants | 15 | €30,247 | €27,646 | -€2,601 | -8.6% |
| Amounts payable | 17/49 | €1,293,772 | €1,222,212 | -€71,561 | -5.5% |
| Amounts payable after more than one year | 17 | €247,252 | €363,944 | +€116,693 | +47.2% |
| Financial debts | 170/4 | €247,252 | €363,944 | +€116,693 | +47.2% |
| Amounts payable within one year | 42/48 | €1,046,521 | €858,267 | -€188,254 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €124,693 | €70,906 | -€53,787 | -43.1% |
| Financial debts | 43 | €300,000 | €160,151 | -€139,849 | -46.6% |
| Credit institutions | 430/8 | €300,000 | €160,151 | -€139,849 | -46.6% |
| Trade debts | 44 | €380,496 | €373,857 | -€6,638 | -1.7% |
| Suppliers | 440/4 | €380,496 | €373,857 | -€6,638 | -1.7% |
| Taxes, remuneration and social security | 45 | €120,317 | €140,273 | +€19,956 | +16.6% |
| Taxes | 450/3 | €45,776 | €51,259 | +€5,483 | +12.0% |
| Remuneration and social security | 454/9 | €74,541 | €89,014 | +€14,473 | +19.4% |
| Other amounts payable | 47/48 | €121,015 | €113,080 | -€7,935 | -6.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €475,788 | €495,402 | +€19,614 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,609 | €71,479 | +€14,870 | +26.3% |
| Other operating charges | 640/8 | €42,500 | €24,091 | -€18,410 | -43.3% |
| Gross operating margin | 9900 | €730,075 | €694,359 | -€35,716 | -4.9% |
| Operating profit (loss) | 9901 | €155,178 | €103,388 | -€51,790 | -33.4% |
| Financial income | 75/76B | €2,778 | €3,164 | +€386 | +13.9% |
| Recurring financial income | 75 | €2,778 | €3,164 | +€386 | +13.9% |
| Financial charges | 65/66B | €37,726 | €37,600 | -€125 | -0.3% |
| Recurring financial charges | 65 | €37,726 | €37,600 | -€125 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €120,230 | €68,951 | -€51,279 | -42.7% |
| Income taxes | 67/77 | €40,153 | €17,792 | -€22,361 | -55.7% |
| Profit (loss) for the period | 9904 | €80,078 | €51,159 | -€28,918 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,078 | €51,159 | -€28,918 | -36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.