Docteur Raphaël UHODA: 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.
Docteur Raphaël UHODA
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-66.5%), from €45,082 to €15,082
- Cash -€8,748
down €8,748 (-19.5%), from €44,773 to €36,025
mainly Debts after one year (-€40,437) and Contributions, distributions and other (-€35,000)
- Receivables within one year -€8,579
down €8,579 (-10.7%), from €80,233 to €71,654
- Tangible fixed assets -€2,755
down €2,755 (-27.0%), from €10,213 to €7,458
of which Other tangible fixed assets: -€2,184
- Deferred charges and accrued income +€2,152
new in 2025: €2,152
- Debts after one year -€40,437
down €40,437 (-59.3%), from €68,239 to €27,802
- Current portion of long-term debt -€6,590
down €6,590 (-14.2%), from €46,403 to €39,813
- Gross operating margin -€20,363
down €20,363 (-19.5%), from €104,543 to €84,179
- Financial charges -€4,599
down €4,599 (-64.4%), from €7,137 to €2,538
- Taxes -€2,548
down €2,548 (-16.7%), from €15,278 to €12,730
- Financial income +€2,185
up €2,185 (+6,827%), from €32 to €2,217
- Other operating charges +€2,125
up €2,125 (+625%), from €340 to €2,465
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 | €180,527 | €132,447 | -€48,080 | -26.6% |
| Formation expenses | 20 | €225 | €75 | -€150 | -66.5% |
| Fixed assets | 21/28 | €55,295 | €22,541 | -€32,755 | -59.2% |
| Intangible fixed assets | 21 | €45,082 | €15,082 | -€30,000 | -66.5% |
| Tangible fixed assets | 22/27 | €10,213 | €7,458 | -€2,755 | -27.0% |
| Furniture and vehicles | 24 | €1,884 | €1,313 | -€571 | -30.3% |
| Other tangible fixed assets | 26 | €8,329 | €6,145 | -€2,184 | -26.2% |
| Current assets | 29/58 | €125,007 | €109,831 | -€15,175 | -12.1% |
| Amounts receivable within one year | 40/41 | €80,233 | €71,654 | -€8,579 | -10.7% |
| Other amounts receivable | 41 | €80,233 | €71,654 | -€8,579 | -10.7% |
| Cash at bank and in hand | 54/58 | €44,773 | €36,025 | -€8,748 | -19.5% |
| Deferred charges and accrued income | 490/1 | - | €2,152 | +€2,152 | |
| Total equity and liabilities | 10/49 | €180,527 | €132,447 | -€48,080 | -26.6% |
| Equity | 10/15 | €21,784 | €22,542 | +€758 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,324 | €2,082 | +€758 | +57.3% |
| Amounts payable | 17/49 | €158,743 | €109,905 | -€48,838 | -30.8% |
| Amounts payable after more than one year | 17 | €68,239 | €27,802 | -€40,437 | -59.3% |
| Financial debts | 170/4 | €68,239 | €27,802 | -€40,437 | -59.3% |
| Amounts payable within one year | 42/48 | €90,504 | €82,104 | -€8,401 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €46,403 | €39,813 | -€6,590 | -14.2% |
| Trade debts | 44 | €3,483 | €2,088 | -€1,395 | -40.0% |
| Suppliers | 440/4 | €3,483 | €2,088 | -€1,395 | -40.0% |
| Taxes, remuneration and social security | 45 | €40,618 | €40,203 | -€415 | -1.0% |
| Taxes | 450/3 | €40,618 | €40,203 | -€415 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,228 | €32,905 | -€323 | -1.0% |
| Other operating charges | 640/8 | €340 | €2,465 | +€2,125 | +625% |
| Gross operating margin | 9900 | €104,543 | €84,179 | -€20,363 | -19.5% |
| Operating profit (loss) | 9901 | €70,975 | €48,810 | -€22,165 | -31.2% |
| Financial income | 75/76B | €32 | €2,217 | +€2,185 | +6,827% |
| Recurring financial income | 75 | €32 | €2,217 | +€2,185 | +6,827% |
| Financial charges | 65/66B | €7,137 | €2,538 | -€4,599 | -64.4% |
| Recurring financial charges | 65 | €7,137 | €2,538 | -€4,599 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €63,870 | €48,488 | -€15,382 | -24.1% |
| Income taxes | 67/77 | €15,278 | €12,730 | -€2,548 | -16.7% |
| Profit (loss) for the period | 9904 | €48,592 | €35,758 | -€12,834 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,592 | €35,758 | -€12,834 | -26.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.