CARPE UVAM: 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.
CARPE UVAM
Largest movements
- Receivables within one year -€60,734
down €60,734 (-18.2%), from €334,121 to €273,387
of which Trade receivables: -€63,464
- Stocks and contracts +€31,922
up €31,922 (+7.7%), from €414,135 to €446,058
- Cash -€28,241
down €28,241 (-70.4%), from €40,130 to €11,889
mainly Stocks and contracts (-€31,922) and Net result for the year (-€26,321)
- Profit (loss) carried forward -€26,321
down €26,321 (-33.7%), from €78,218 to €51,896
- Trade debts +€25,223
up €25,223 (+11.7%), from €216,266 to €241,490
- Debts after one year -€21,655
down €21,655 (-49.0%), from €44,204 to €22,550
- Tax, wage and social debts -€17,820
down €17,820 (-28.6%), from €62,273 to €44,453
- Other debts -€16,936
down €16,936 (-8.2%), from €205,807 to €188,871
- Gross operating margin -€46,980
down €46,980 (-96.0%), from €48,954 to €1,974
- Write-downs +€13,005
up €13,005 (+787%), from €1,653 to €14,658
- Taxes -€9,075
down €9,075 (-98.1%), from €9,252 to €176
- Financial charges -€2,592
down €2,592 (-19.0%), from €13,676 to €11,084
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 | €795,949 | €739,546 | -€56,403 | -7.1% |
| Fixed assets | 21/28 | €3,975 | €3,336 | -€639 | -16.1% |
| Tangible fixed assets | 22/27 | €2,324 | €1,686 | -€639 | -27.5% |
| Plant, machinery and equipment | 23 | €2,324 | €1,686 | -€639 | -27.5% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €791,974 | €736,210 | -€55,764 | -7.0% |
| Stocks and contracts in progress | 3 | €414,135 | €446,058 | +€31,922 | +7.7% |
| Stocks | 30/36 | €414,135 | €446,058 | +€31,922 | +7.7% |
| Amounts receivable within one year | 40/41 | €334,121 | €273,387 | -€60,734 | -18.2% |
| Trade receivables | 40 | €332,515 | €269,050 | -€63,464 | -19.1% |
| Other amounts receivable | 41 | €1,607 | €4,337 | +€2,730 | +170% |
| Cash at bank and in hand | 54/58 | €40,130 | €11,889 | -€28,241 | -70.4% |
| Deferred charges and accrued income | 490/1 | €3,587 | €4,877 | +€1,289 | +35.9% |
| Total equity and liabilities | 10/49 | €795,949 | €739,546 | -€56,403 | -7.1% |
| Equity | 10/15 | €146,418 | €120,096 | -€26,321 | -18.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,218 | €51,896 | -€26,321 | -33.7% |
| Amounts payable | 17/49 | €649,531 | €619,450 | -€30,081 | -4.6% |
| Amounts payable after more than one year | 17 | €44,204 | €22,550 | -€21,655 | -49.0% |
| Financial debts | 170/4 | €44,204 | €22,550 | -€21,655 | -49.0% |
| Amounts payable within one year | 42/48 | €605,141 | €596,468 | -€8,673 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €20,796 | €21,655 | +€859 | +4.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €216,266 | €241,490 | +€25,223 | +11.7% |
| Suppliers | 440/4 | €216,266 | €241,490 | +€25,223 | +11.7% |
| Taxes, remuneration and social security | 45 | €62,273 | €44,453 | -€17,820 | -28.6% |
| Taxes | 450/3 | €62,273 | €44,453 | -€17,820 | -28.6% |
| Other amounts payable | 47/48 | €205,807 | €188,871 | -€16,936 | -8.2% |
| Accrued charges and deferred income | 492/3 | €185 | €432 | +€246 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639 | €639 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,653 | €14,658 | +€13,005 | +787% |
| Other operating charges | 640/8 | €2,012 | €1,743 | -€269 | -13.4% |
| Gross operating margin | 9900 | €48,954 | €1,974 | -€46,980 | -96.0% |
| Operating profit (loss) | 9901 | €44,650 | -€15,066 | -€59,716 | |
| Financial income | 75/76B | €2 | €5 | +€3 | +141% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +141% |
| Financial charges | 65/66B | €13,676 | €11,084 | -€2,592 | -19.0% |
| Recurring financial charges | 65 | €13,676 | €11,084 | -€2,592 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €30,976 | -€26,145 | -€57,121 | |
| Income taxes | 67/77 | €9,252 | €176 | -€9,075 | -98.1% |
| Profit (loss) for the period | 9904 | €21,724 | -€26,321 | -€48,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,724 | -€26,321 | -€48,046 |
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 29 October 2026 via checked.be.