2UD: 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.
2UD
Largest movements
- Cash +€327,570
up €327,570 (+138.4%), from €236,623 to €564,193
mainly Current investments (+€300,000) and Net result for the year (+€43,797)
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Reserves +€43,797
up €43,797 (+7.9%), from €552,845 to €596,642
- Tax, wage and social debts -€12,987
down €12,987 (-91.1%), from €14,260 to €1,273
of which Taxes: -€12,987
- Gross operating margin -€24,334
down €24,334 (-27.2%), from €89,443 to €65,109
- Other operating charges -€13,988
down €13,988 (-95.2%), from €14,687 to €699
- Taxes -€4,345
down €4,345 (-16.8%), from €25,934 to €21,589
- Financial income -€1,712
down €1,712 (-20.0%), from €8,539 to €6,828
- Depreciation +€1,172
up €1,172 (+26.2%), from €4,472 to €5,643
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 | €581,812 | €611,015 | +€29,203 | +5.0% |
| Fixed assets | 21/28 | €21,011 | €22,041 | +€1,030 | +4.9% |
| Tangible fixed assets | 22/27 | €21,011 | €22,041 | +€1,030 | +4.9% |
| Plant, machinery and equipment | 23 | €836 | €765 | -€70 | -8.4% |
| Furniture and vehicles | 24 | €16,003 | €17,335 | +€1,332 | +8.3% |
| Other tangible fixed assets | 26 | €4,173 | €3,941 | -€232 | -5.6% |
| Current assets | 29/58 | €560,801 | €588,974 | +€28,173 | +5.0% |
| Amounts receivable within one year | 40/41 | €20,478 | €21,560 | +€1,082 | +5.3% |
| Trade receivables | 40 | €19,272 | €18,963 | -€309 | -1.6% |
| Other amounts receivable | 41 | €1,206 | €2,598 | +€1,392 | +115.4% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €236,623 | €564,193 | +€327,570 | +138.4% |
| Deferred charges and accrued income | 490/1 | €3,699 | €3,220 | -€479 | -13.0% |
| Total equity and liabilities | 10/49 | €581,812 | €611,015 | +€29,203 | +5.0% |
| Equity | 10/15 | €565,245 | €609,042 | +€43,797 | +7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €552,845 | €596,642 | +€43,797 | +7.9% |
| Distributable reserves | 133 | €552,845 | €596,642 | +€43,797 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,567 | €1,973 | -€14,594 | -88.1% |
| Amounts payable within one year | 42/48 | €16,567 | €1,973 | -€14,594 | -88.1% |
| Trade debts | 44 | €1,724 | €699 | -€1,025 | -59.4% |
| Suppliers | 440/4 | €1,724 | €699 | -€1,025 | -59.4% |
| Taxes, remuneration and social security | 45 | €14,260 | €1,273 | -€12,987 | -91.1% |
| Taxes | 450/3 | €14,260 | €1,273 | -€12,987 | -91.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €583 | €0 | -€583 | -100.0% |
| Non-recurring operating income | 76A | €12,810 | €0 | -€12,810 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,472 | €5,643 | +€1,172 | +26.2% |
| Other operating charges | 640/8 | €14,687 | €699 | -€13,988 | -95.2% |
| Gross operating margin | 9900 | €89,443 | €65,109 | -€24,334 | -27.2% |
| Operating profit (loss) | 9901 | €70,284 | €58,767 | -€11,517 | -16.4% |
| Financial income | 75/76B | €8,539 | €6,828 | -€1,712 | -20.0% |
| Recurring financial income | 75 | €8,539 | €6,828 | -€1,712 | -20.0% |
| Financial charges | 65/66B | €751 | €209 | -€542 | -72.2% |
| Recurring financial charges | 65 | €751 | €209 | -€542 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €78,073 | €65,386 | -€12,687 | -16.3% |
| Income taxes | 67/77 | €25,934 | €21,589 | -€4,345 | -16.8% |
| Profit (loss) for the period | 9904 | €52,139 | €43,797 | -€8,342 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,139 | €43,797 | -€8,342 | -16.0% |
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.