U.C.K.: what changed
Two fiscal 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.
What changed
U.C.K.
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€69,068
2024 · €24,385+€44,683
Equity
€790,779
2024 · €737,681+€53,098
Cash
€27,328
2024 · €28,643-€1,315
Balance sheet total
€4.0m
2024 · €4.2m-€207,301
Largest movements
Assets
- Tangible fixed assets -€245,060
down €245,060 (-5.9%), from €4.2m to €3.9m
Equity and liabilities
- Debts after one year -€267,712
down €267,712 (-8.5%), from €3.2m to €2.9m
of which Financial debts: -€249,289
- Profit (loss) carried forward +€69,068
up €69,068 (+86.7%), from €79,674 to €148,742
Income statement
- Gross operating margin +€35,452
up €35,452 (+9.3%), from €380,030 to €415,481
- Financial charges -€22,370
down €22,370 (-20.9%), from €107,198 to €84,828
- Taxes +€15,307
up €15,307 (+321.2%), from €4,766 to €20,073
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.
Result 2024
€24,385
Gross operating margin
+€35,452
Staff costs
-€715
Other operating charges
+€2,884
Financial income
-€0
Financial charges
+€22,370
Taxes
-€15,307
Result 2025
€69,068
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.
From operations
+€281,607
Investment
€0
Financing
-€282,922
Cash 2024
€28,643
From operations (derived)
+€281,607
Net result for the year
+€69,068
Depreciation
+€245,060
Receivables within one year
-€34,074
Deferred charges and accrued income
-€5,000
Trade debts
+€2,373
Tax, wage and social debts
+€3,139
Accrued charges and deferred income
+€1,041
Financing
-€282,922
Debts after one year
-€267,712
Current portion of long-term debt
+€760
Contributions, distributions and other
-€15,970
Cash 2025
€27,328
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,227,054 | €4,019,752 | -€207,301 | -4.9% |
| Fixed assets | 21/28 | €4,170,698 | €3,925,638 | -€245,060 | -5.9% |
| Tangible fixed assets | 22/27 | €4,168,548 | €3,923,488 | -€245,060 | -5.9% |
| Land and buildings | 22 | €4,168,548 | €3,923,488 | -€245,060 | -5.9% |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €56,356 | €94,114 | +€37,759 | +67.0% |
| Amounts receivable within one year | 40/41 | €27,713 | €61,787 | +€34,074 | +123.0% |
| Trade receivables | 40 | - | €1,260 | +€1,260 | |
| Other amounts receivable | 41 | €27,713 | €60,526 | +€32,813 | +118.4% |
| Cash at bank and in hand | 54/58 | €28,643 | €27,328 | -€1,315 | -4.6% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €4,227,054 | €4,019,752 | -€207,301 | -4.9% |
| Equity | 10/15 | €737,681 | €790,779 | +€53,098 | +7.2% |
| Contributions | 10/11 | €367,648 | €367,648 | = | 0.0% |
| Outside capital | 11 | €367,648 | €367,648 | = | 0.0% |
| Other | 1109/19 | €367,648 | €367,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,674 | €148,742 | +€69,068 | +86.7% |
| Investment grants | 15 | €290,359 | €274,389 | -€15,970 | -5.5% |
| Amounts payable | 17/49 | €3,489,373 | €3,228,974 | -€260,399 | -7.5% |
| Amounts payable after more than one year | 17 | €3,168,079 | €2,900,367 | -€267,712 | -8.5% |
| Financial debts | 170/4 | €2,928,811 | €2,679,523 | -€249,289 | -8.5% |
| Other amounts payable | 178/9 | €239,267 | €220,844 | -€18,423 | -7.7% |
| Amounts payable within one year | 42/48 | €289,187 | €295,459 | +€6,272 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €248,529 | €249,289 | +€760 | +0.3% |
| Trade debts | 44 | €17,964 | €20,337 | +€2,373 | +13.2% |
| Suppliers | 440/4 | €17,964 | €20,337 | +€2,373 | +13.2% |
| Taxes, remuneration and social security | 45 | €21,929 | €25,067 | +€3,139 | +14.3% |
| Taxes | 450/3 | €21,929 | €25,067 | +€3,139 | +14.3% |
| Other amounts payable | 47/48 | €766 | €766 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €32,107 | €33,148 | +€1,041 | +3.2% |
| Remuneration, social security and pensions | 62 | - | €715 | +€715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,060 | €245,060 | = | 0.0% |
| Other operating charges | 640/8 | €14,591 | €11,708 | -€2,884 | -19.8% |
| Gross operating margin | 9900 | €380,030 | €415,481 | +€35,452 | +9.3% |
| Operating profit (loss) | 9901 | €120,378 | €157,999 | +€37,621 | +31.3% |
| Financial income | 75/76B | €15,970 | €15,970 | -€0 | 0.0% |
| Recurring financial income | 75 | €15,970 | €15,970 | -€0 | 0.0% |
| Financial charges | 65/66B | €107,198 | €84,828 | -€22,370 | -20.9% |
| Recurring financial charges | 65 | €107,198 | €84,828 | -€22,370 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €29,151 | €89,141 | +€59,990 | +205.8% |
| Income taxes | 67/77 | €4,766 | €20,073 | +€15,307 | +321.2% |
| Profit (loss) for the period | 9904 | €24,385 | €69,068 | +€44,683 | +183.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,385 | €69,068 | +€44,683 | +183.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.