U.D.S.: 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.
U.D.S.
Largest movements
- Tangible fixed assets -€84,871
down €84,871 (-6.9%), from €1.2m to €1.1m
of which Land and buildings: -€61,101
- Receivables within one year -€30,989
down €30,989 (-67.1%), from €46,172 to €15,183
- Profit (loss) carried forward -€147,018
down €147,018 (-97.8%), from €150,270 to €3,252
- Debts after one year +€37,709
up €37,709 (+26.2%), from €144,073 to €181,783
- Tax, wage and social debts -€27,727
down €27,727 (-99.8%), from €27,772 to €45
- Turnover -€56,389
down €56,389 (-35.0%), from €161,311 to €104,923
- Purchases and services -€44,357
down €44,357 (-33.4%), from €132,609 to €88,252
- Gross operating margin -€15,301
down €15,301 (-47.9%), from €31,972 to €16,670
- Financial charges -€7,377
down €7,377 (-19.1%), from €38,582 to €31,205
- Other operating charges -€3,783
down €3,783 (-7.6%), from €49,597 to €45,815
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,284,774 | €1,164,445 | -€120,329 | -9.4% |
| Fixed assets | 21/28 | €1,229,649 | €1,142,980 | -€86,669 | -7.0% |
| Intangible fixed assets | 21 | €3,590 | €1,792 | -€1,798 | -50.1% |
| Tangible fixed assets | 22/27 | €1,226,059 | €1,141,188 | -€84,871 | -6.9% |
| Land and buildings | 22 | €1,152,492 | €1,091,392 | -€61,101 | -5.3% |
| Other tangible fixed assets | 26 | €73,567 | €49,797 | -€23,770 | -32.3% |
| Current assets | 29/58 | €55,125 | €21,465 | -€33,660 | -61.1% |
| Amounts receivable within one year | 40/41 | €46,172 | €15,183 | -€30,989 | -67.1% |
| Trade receivables | 40 | €46,172 | €15,183 | -€30,989 | -67.1% |
| Cash at bank and in hand | 54/58 | €5,541 | €2,497 | -€3,044 | -54.9% |
| Deferred charges and accrued income | 490/1 | €3,412 | €3,784 | +€372 | +10.9% |
| Total equity and liabilities | 10/49 | €1,284,774 | €1,164,445 | -€120,329 | -9.4% |
| Equity | 10/15 | €240,100 | €93,083 | -€147,018 | -61.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €19,830 | €19,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €12,830 | €12,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,270 | €3,252 | -€147,018 | -97.8% |
| Provisions and deferred taxes | 16 | €201,374 | €201,374 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €201,374 | €201,374 | = | 0.0% |
| Environmental obligations | 163 | €201,374 | €201,374 | = | 0.0% |
| Amounts payable | 17/49 | €843,300 | €869,989 | +€26,689 | +3.2% |
| Amounts payable after more than one year | 17 | €144,073 | €181,783 | +€37,709 | +26.2% |
| Other amounts payable | 178/9 | €144,073 | €181,783 | +€37,709 | +26.2% |
| Amounts payable within one year | 42/48 | €695,716 | €684,807 | -€10,909 | -1.6% |
| Financial debts | 43 | €641,654 | €646,073 | +€4,418 | +0.7% |
| Credit institutions | 430/8 | €641,654 | €646,073 | +€4,418 | +0.7% |
| Trade debts | 44 | €20,080 | €32,468 | +€12,388 | +61.7% |
| Suppliers | 440/4 | €20,080 | €32,468 | +€12,388 | +61.7% |
| Taxes, remuneration and social security | 45 | €27,772 | €45 | -€27,727 | -99.8% |
| Taxes | 450/3 | €27,772 | €45 | -€27,727 | -99.8% |
| Other amounts payable | 47/48 | €6,209 | €6,221 | +€12 | +0.2% |
| Accrued charges and deferred income | 492/3 | €3,511 | €3,399 | -€112 | -3.2% |
| Turnover | 70 | €161,311 | €104,923 | -€56,389 | -35.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €132,609 | €88,252 | -€44,357 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,207 | €86,669 | +€1,462 | +1.7% |
| Other operating charges | 640/8 | €49,597 | €45,815 | -€3,783 | -7.6% |
| Gross operating margin | 9900 | €31,972 | €16,670 | -€15,301 | -47.9% |
| Operating profit (loss) | 9901 | -€102,833 | -€115,813 | -€12,980 | -12.6% |
| Financial charges | 65/66B | €38,582 | €31,205 | -€7,377 | -19.1% |
| Recurring financial charges | 65 | €38,582 | €31,205 | -€7,377 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€141,414 | -€147,018 | -€5,603 | -4.0% |
| Profit (loss) for the period | 9904 | -€141,414 | -€147,018 | -€5,603 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,414 | -€147,018 | -€5,603 | -4.0% |
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.