’T UILENNEST: 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.
’T UILENNEST
Largest movements
- Formation expenses +€9,117
new in 2025: €9,117
- Cash -€8,581
down €8,581 (-55.0%), from €15,604 to €7,023
mainly Investment in fixed assets (net) (-€28,638) and Net result for the year (-€14,478)
- Stocks and contracts +€7,000
new in 2025: €7,000
- Other debts +€29,074
up €29,074 (+310%), from €9,390 to €38,463
- Trade debts -€8,129
down €8,129 (-100%), from €8,129 to €0
- Profit (loss) carried forward -€8,017
down €8,017 (-78.6%), from -€10,197 to -€18,214
- Reserves -€6,461
down €6,461 (-6.3%), from €103,228 to €96,767
of which Tax-exempt reserves: -€6,461
- Gross operating margin -€32,840
down €32,840 (-68.4%), from €48,036 to €15,196
- Taxes -€6,239
down €6,239 (-100%), from €6,239 to €0
- Financial charges +€2,205
up €2,205 (+40.2%), from €5,491 to €7,696
- Depreciation +€896
up €896 (+4.2%), from €21,237 to €22,133
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 | €429,032 | €430,873 | +€1,841 | +0.4% |
| Formation expenses | 20 | - | €9,117 | +€9,117 | |
| Fixed assets | 21/28 | €405,626 | €403,015 | -€2,611 | -0.6% |
| Tangible fixed assets | 22/27 | €405,626 | €403,015 | -€2,611 | -0.6% |
| Land and buildings | 22 | €400,378 | €392,065 | -€8,312 | -2.1% |
| Plant, machinery and equipment | 23 | €3,819 | €10,876 | +€7,057 | +185% |
| Furniture and vehicles | 24 | €1,430 | €74 | -€1,355 | -94.8% |
| Current assets | 29/58 | €23,406 | €18,741 | -€4,664 | -19.9% |
| Stocks and contracts in progress | 3 | - | €7,000 | +€7,000 | |
| Stocks | 30/36 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €7,802 | €4,719 | -€3,083 | -39.5% |
| Trade receivables | 40 | €6,215 | €1,224 | -€4,991 | -80.3% |
| Other amounts receivable | 41 | €1,587 | €3,495 | +€1,908 | +120% |
| Cash at bank and in hand | 54/58 | €15,604 | €7,023 | -€8,581 | -55.0% |
| Total equity and liabilities | 10/49 | €429,032 | €430,873 | +€1,841 | +0.4% |
| Equity | 10/15 | €164,823 | €150,345 | -€14,478 | -8.8% |
| 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% |
| Revaluation surpluses | 12 | €9,792 | €9,792 | = | 0.0% |
| Reserves | 13 | €103,228 | €96,767 | -€6,461 | -6.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €97,030 | €90,570 | -€6,461 | -6.7% |
| Profit (loss) carried forward | 14 | -€10,197 | -€18,214 | -€8,017 | -78.6% |
| Provisions and deferred taxes | 16 | €49,957 | €46,628 | -€3,328 | -6.7% |
| Deferred taxes | 168 | €49,957 | €46,628 | -€3,328 | -6.7% |
| Amounts payable | 17/49 | €214,252 | €233,900 | +€19,648 | +9.2% |
| Amounts payable after more than one year | 17 | €180,277 | €183,449 | +€3,172 | +1.8% |
| Financial debts | 170/4 | €180,277 | €183,449 | +€3,172 | +1.8% |
| Amounts payable within one year | 42/48 | €32,475 | €48,951 | +€16,476 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | €9,502 | €8,828 | -€674 | -7.1% |
| Trade debts | 44 | €8,129 | €0 | -€8,129 | -100% |
| Suppliers | 440/4 | €8,129 | €0 | -€8,129 | -100% |
| Taxes, remuneration and social security | 45 | €5,454 | €1,659 | -€3,795 | -69.6% |
| Taxes | 450/3 | €5,454 | €1,659 | -€3,795 | -69.6% |
| Other amounts payable | 47/48 | €9,390 | €38,463 | +€29,074 | +310% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,237 | €22,133 | +€896 | +4.2% |
| Other operating charges | 640/8 | €2,771 | €3,189 | +€419 | +15.1% |
| Gross operating margin | 9900 | €48,036 | €15,196 | -€32,840 | -68.4% |
| Operating profit (loss) | 9901 | €24,029 | -€10,126 | -€34,154 | |
| Financial income | 75/76B | €0 | €16 | +€16 | +157,700% |
| Recurring financial income | 75 | €0 | €16 | +€16 | +157,700% |
| Financial charges | 65/66B | €5,491 | €7,696 | +€2,205 | +40.2% |
| Recurring financial charges | 65 | €5,491 | €7,696 | +€2,205 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €18,537 | -€17,806 | -€36,343 | |
| Transfer from deferred taxes | 780 | €3,328 | €3,328 | = | 0.0% |
| Income taxes | 67/77 | €6,239 | €0 | -€6,239 | -100% |
| Profit (loss) for the period | 9904 | €15,626 | -€14,478 | -€30,104 | |
| Transfer from tax-exempt reserves | 789 | €6,461 | €6,461 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,087 | -€8,017 | -€30,104 |
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 20 October 2026 via checked.be.