THEUNCO: 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.
THEUNCO
Largest movements
- Tangible fixed assets +€789,967
new in 2025: €789,967
- Receivables within one year -€42,968
down €42,968 (-11.7%), from €366,576 to €323,608
of which Trade receivables: -€35,890
- Debts after one year +€525,824
up €525,824 (+942.7%), from €55,776 to €581,599
- Other debts +€222,644
up €222,644 (+2343.6%), from €9,500 to €232,144
- Other operating charges +€13,592
up €13,592 (+399.6%), from €3,402 to €16,993
- Depreciation -€11,730
down €11,730 (-55.7%), from €21,066 to €9,337
- Financial charges +€4,983
up €4,983 (+233.4%), from €2,135 to €7,118
- Gross operating margin -€2,999
down €2,999 (-8.2%), from €36,727 to €33,728
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 | €369,583 | €1,117,504 | +€747,922 | +202.4% |
| Fixed assets | 21/28 | - | €789,967 | +€789,967 | |
| Tangible fixed assets | 22/27 | - | €789,967 | +€789,967 | |
| Land and buildings | 22 | - | €789,967 | +€789,967 | |
| Current assets | 29/58 | €369,583 | €327,538 | -€42,045 | -11.4% |
| Amounts receivable within one year | 40/41 | €366,576 | €323,608 | -€42,968 | -11.7% |
| Trade receivables | 40 | €38,994 | €3,104 | -€35,890 | -92.0% |
| Other amounts receivable | 41 | €327,582 | €320,504 | -€7,078 | -2.2% |
| Cash at bank and in hand | 54/58 | €1,234 | €1,948 | +€713 | +57.8% |
| Deferred charges and accrued income | 490/1 | €1,772 | €1,982 | +€210 | +11.8% |
| Total equity and liabilities | 10/49 | €369,583 | €1,117,504 | +€747,922 | +202.4% |
| Equity | 10/15 | €249,340 | €251,661 | +€2,321 | +0.9% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €93,811 | €93,240 | -€571 | -0.6% |
| Non-distributable reserves | 130/1 | €6,121 | €6,121 | = | 0.0% |
| Legal reserve | 130 | €6,121 | €6,121 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,689 | €87,119 | -€571 | -0.7% |
| Profit (loss) carried forward | 14 | -€30,390 | -€27,499 | +€2,892 | +9.5% |
| Provisions and deferred taxes | 16 | €16,730 | €16,540 | -€190 | -1.1% |
| Deferred taxes | 168 | €16,730 | €16,540 | -€190 | -1.1% |
| Amounts payable | 17/49 | €103,512 | €849,303 | +€745,791 | +720.5% |
| Amounts payable after more than one year | 17 | €55,776 | €581,599 | +€525,824 | +942.7% |
| Financial debts | 170/4 | €55,776 | €581,599 | +€525,824 | +942.7% |
| Amounts payable within one year | 42/48 | €47,737 | €267,704 | +€219,967 | +460.8% |
| Current portion of amounts payable after more than one year | 42 | €31,094 | €27,937 | -€3,157 | -10.2% |
| Trade debts | 44 | €7,143 | €7,492 | +€349 | +4.9% |
| Suppliers | 440/4 | €7,143 | €7,492 | +€349 | +4.9% |
| Taxes, remuneration and social security | 45 | - | €131 | +€131 | |
| Taxes | 450/3 | - | €131 | +€131 | |
| Other amounts payable | 47/48 | €9,500 | €232,144 | +€222,644 | +2343.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,066 | €9,337 | -€11,730 | -55.7% |
| Other operating charges | 640/8 | €3,402 | €16,993 | +€13,592 | +399.6% |
| Gross operating margin | 9900 | €36,727 | €33,728 | -€2,999 | -8.2% |
| Operating profit (loss) | 9901 | €12,259 | €7,398 | -€4,861 | -39.7% |
| Financial income | 75/76B | €1,772 | €1,982 | +€210 | +11.8% |
| Recurring financial income | 75 | €1,772 | €1,982 | +€210 | +11.8% |
| Financial charges | 65/66B | €2,135 | €7,118 | +€4,983 | +233.4% |
| Recurring financial charges | 65 | €2,135 | €7,118 | +€4,983 | +233.4% |
| Profit (loss) for the period before taxes | 9903 | €11,896 | €2,261 | -€9,634 | -81.0% |
| Transfer from deferred taxes | 780 | - | €190 | +€190 | |
| Income taxes | 67/77 | - | €131 | +€131 | |
| Profit (loss) for the period | 9904 | €11,896 | €2,321 | -€9,575 | -80.5% |
| Transfer from tax-exempt reserves | 789 | - | €571 | +€571 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,896 | €2,892 | -€9,004 | -75.7% |
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 10 October 2026 via checked.be.