PATRICK UVIJN: 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.
PATRICK UVIJN
Largest movements
- Receivables within one year +€70,511
up €70,511 (+69.6%), from €101,282 to €171,793
of which Trade receivables: +€60,325
- Stocks and contracts +€11,410
up €11,410 (+13.0%), from €87,690 to €99,100
- Tangible fixed assets -€5,199
down €5,199 (-19.8%), from €26,259 to €21,060
of which Furniture and vehicles: -€2,893
- Short-term financial debts +€50,000
new in 2025: €50,000
- Reserves +€21,515
up €21,515 (+18.8%), from €114,452 to €135,967
of which Distributable reserves: +€21,515
- Other debts -€7,877
down €7,877 (-31.9%), from €24,695 to €16,818
- Tax, wage and social debts +€6,117
up €6,117 (+33.1%), from €18,501 to €24,618
of which Taxes: +€6,757
- Trade debts +€5,717
up €5,717 (+15.9%), from €35,869 to €41,586
- Staff costs +€19,912
up €19,912 (+65.6%), from €30,361 to €50,273
- Gross operating margin +€16,378
up €16,378 (+20.8%), from €78,793 to €95,171
- Taxes +€5,196
up €5,196 (+62.0%), from €8,387 to €13,583
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 | €233,631 | €307,985 | +€74,354 | +31.8% |
| Fixed assets | 21/28 | €28,884 | €23,685 | -€5,199 | -18.0% |
| Tangible fixed assets | 22/27 | €26,259 | €21,060 | -€5,199 | -19.8% |
| Plant, machinery and equipment | 23 | €15,127 | €12,821 | -€2,306 | -15.2% |
| Furniture and vehicles | 24 | €11,132 | €8,240 | -€2,893 | -26.0% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €204,747 | €284,299 | +€79,552 | +38.9% |
| Stocks and contracts in progress | 3 | €87,690 | €99,100 | +€11,410 | +13.0% |
| Stocks | 30/36 | €87,690 | €99,100 | +€11,410 | +13.0% |
| Amounts receivable within one year | 40/41 | €101,282 | €171,793 | +€70,511 | +69.6% |
| Trade receivables | 40 | €89,529 | €149,854 | +€60,325 | +67.4% |
| Other amounts receivable | 41 | €11,753 | €21,939 | +€10,186 | +86.7% |
| Cash at bank and in hand | 54/58 | €12,412 | €11,347 | -€1,065 | -8.6% |
| Deferred charges and accrued income | 490/1 | €3,363 | €2,060 | -€1,303 | -38.7% |
| Total equity and liabilities | 10/49 | €233,631 | €307,985 | +€74,354 | +31.8% |
| Equity | 10/15 | €154,567 | €174,963 | +€20,396 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,452 | €135,967 | +€21,515 | +18.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,280 | €2,280 | = | 0.0% |
| Distributable reserves | 133 | €110,312 | €131,827 | +€21,515 | +19.5% |
| Profit (loss) carried forward | 14 | €21,515 | €20,396 | -€1,119 | -5.2% |
| Amounts payable | 17/49 | €79,064 | €133,022 | +€53,957 | +68.2% |
| Amounts payable within one year | 42/48 | €79,064 | €133,022 | +€53,957 | +68.2% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €35,869 | €41,586 | +€5,717 | +15.9% |
| Suppliers | 440/4 | €35,869 | €41,586 | +€5,717 | +15.9% |
| Taxes, remuneration and social security | 45 | €18,501 | €24,618 | +€6,117 | +33.1% |
| Taxes | 450/3 | €12,657 | €19,413 | +€6,757 | +53.4% |
| Remuneration and social security | 454/9 | €5,844 | €5,204 | -€640 | -10.9% |
| Other amounts payable | 47/48 | €24,695 | €16,818 | -€7,877 | -31.9% |
| Non-recurring operating income | 76A | - | €4,458 | +€4,458 | |
| Remuneration, social security and pensions | 62 | €30,361 | €50,273 | +€19,912 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,880 | €8,972 | +€93 | +1.0% |
| Other operating charges | 640/8 | €641 | €169 | -€471 | -73.5% |
| Gross operating margin | 9900 | €78,793 | €95,171 | +€16,378 | +20.8% |
| Operating profit (loss) | 9901 | €38,911 | €35,756 | -€3,156 | -8.1% |
| Financial income | 75/76B | €754 | €215 | -€539 | -71.5% |
| Recurring financial income | 75 | €754 | €215 | -€539 | -71.5% |
| Financial charges | 65/66B | €1,899 | €1,992 | +€93 | +4.9% |
| Recurring financial charges | 65 | €1,899 | €1,992 | +€93 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €37,767 | €33,979 | -€3,787 | -10.0% |
| Income taxes | 67/77 | €8,387 | €13,583 | +€5,196 | +62.0% |
| Profit (loss) for the period | 9904 | €29,380 | €20,396 | -€8,984 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,380 | €20,396 | -€8,984 | -30.6% |
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 18 October 2026 via checked.be.