V-CUBE: 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.
V-CUBE
Largest movements
- Receivables within one year +€59,810
up €59,810 (+3073.3%), from €1,946 to €61,756
of which Other amounts receivable: +€45,297
- Cash +€24,767
up €24,767 (+37.1%), from €66,682 to €91,449
mainly Net result for the year (+€68,874) and Tax, wage and social debts (+€11,211)
- Tangible fixed assets -€3,300
down €3,300 (-71.4%), from €4,620 to €1,320
- Profit (loss) carried forward +€68,874
up €68,874 (+125.6%), from €54,835 to €123,709
- Tax, wage and social debts +€11,211
up €11,211 (+75.2%), from €14,905 to €26,117
- Gross operating margin +€26,250
up €26,250 (+34.9%), from €75,296 to €101,547
- Taxes +€13,979
up €13,979 (+89.8%), from €15,574 to €29,552
- Financial income +€1,256
new in 2025: €1,256
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 | €75,182 | €155,504 | +€80,322 | +106.8% |
| Fixed assets | 21/28 | €4,620 | €1,320 | -€3,300 | -71.4% |
| Tangible fixed assets | 22/27 | €4,620 | €1,320 | -€3,300 | -71.4% |
| Furniture and vehicles | 24 | €4,620 | €1,320 | -€3,300 | -71.4% |
| Current assets | 29/58 | €70,562 | €154,184 | +€83,622 | +118.5% |
| Amounts receivable within one year | 40/41 | €1,946 | €61,756 | +€59,810 | +3073.3% |
| Trade receivables | 40 | €906 | €15,419 | +€14,513 | +1602.3% |
| Other amounts receivable | 41 | €1,040 | €46,337 | +€45,297 | +4354.1% |
| Cash at bank and in hand | 54/58 | €66,682 | €91,449 | +€24,767 | +37.1% |
| Deferred charges and accrued income | 490/1 | €1,934 | €980 | -€954 | -49.3% |
| Total equity and liabilities | 10/49 | €75,182 | €155,504 | +€80,322 | +106.8% |
| Equity | 10/15 | €59,835 | €128,709 | +€68,874 | +115.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,835 | €123,709 | +€68,874 | +125.6% |
| Amounts payable | 17/49 | €15,347 | €26,795 | +€11,448 | +74.6% |
| Amounts payable within one year | 42/48 | €15,347 | €26,795 | +€11,448 | +74.6% |
| Trade debts | 44 | €442 | €679 | +€237 | +53.7% |
| Suppliers | 440/4 | €442 | €679 | +€237 | +53.7% |
| Taxes, remuneration and social security | 45 | €14,905 | €26,117 | +€11,211 | +75.2% |
| Taxes | 450/3 | €14,905 | €26,117 | +€11,211 | +75.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,069 | €0 | -€6,069 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,300 | €3,300 | = | 0.0% |
| Other operating charges | 640/8 | €940 | €503 | -€437 | -46.5% |
| Gross operating margin | 9900 | €75,296 | €101,547 | +€26,250 | +34.9% |
| Operating profit (loss) | 9901 | €71,056 | €97,743 | +€26,687 | +37.6% |
| Financial income | 75/76B | - | €1,256 | +€1,256 | |
| Recurring financial income | 75 | - | €1,256 | +€1,256 | |
| Financial charges | 65/66B | €35 | €573 | +€538 | +1536.9% |
| Recurring financial charges | 65 | €35 | €573 | +€538 | +1536.9% |
| Profit (loss) for the period before taxes | 9903 | €71,021 | €98,426 | +€27,405 | +38.6% |
| Income taxes | 67/77 | €15,574 | €29,552 | +€13,979 | +89.8% |
| Profit (loss) for the period | 9904 | €55,448 | €68,874 | +€13,426 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,448 | €68,874 | +€13,426 | +24.2% |
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 30 September 2026 via checked.be.