U-dak: 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-dak
Largest movements
- Receivables within one year +€31,287
up €31,287 (+898.7%), from €3,481 to €34,768
of which Trade receivables: +€24,223
- Cash +€29,978
up €29,978 (+6.7%), from €446,395 to €476,374
mainly Other debts (+€206,568) and Net result for the year (+€108,842)
- Other debts +€206,568
up €206,568 (+312.8%), from €66,040 to €272,608
- Reserves -€91,600
down €91,600 (-19.5%), from €469,460 to €377,860
- Debts after one year -€33,581
down €33,581 (-6.5%), from €514,326 to €480,745
- Trade debts -€14,508
down €14,508 (-38.5%), from €37,721 to €23,214
- Depreciation -€30,185
down €30,185 (-46.6%), from €64,816 to €34,630
- Gross operating margin +€16,975
up €16,975 (+9.5%), from €179,593 to €196,568
- Taxes +€16,088
up €16,088 (+60.0%), from €26,801 to €42,890
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 | €1,138,237 | €1,205,812 | +€67,575 | +5.9% |
| Fixed assets | 21/28 | €688,360 | €694,670 | +€6,310 | +0.9% |
| Tangible fixed assets | 22/27 | €688,350 | €694,670 | +€6,320 | +0.9% |
| Land and buildings | 22 | €628,474 | €623,345 | -€5,129 | -0.8% |
| Plant, machinery and equipment | 23 | €21,555 | €14,388 | -€7,167 | -33.3% |
| Furniture and vehicles | 24 | €38,321 | €56,937 | +€18,616 | +48.6% |
| Financial fixed assets | 28 | €10 | - | -€10 | |
| Current assets | 29/58 | €449,877 | €511,142 | +€61,265 | +13.6% |
| Amounts receivable within one year | 40/41 | €3,481 | €34,768 | +€31,287 | +898.7% |
| Trade receivables | 40 | €640 | €24,864 | +€24,223 | +3782.9% |
| Other amounts receivable | 41 | €2,841 | €9,905 | +€7,063 | +248.6% |
| Cash at bank and in hand | 54/58 | €446,395 | €476,374 | +€29,978 | +6.7% |
| Total equity and liabilities | 10/49 | €1,138,237 | €1,205,812 | +€67,575 | +5.9% |
| Equity | 10/15 | €479,850 | €388,592 | -€91,258 | -19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €469,460 | €377,860 | -€91,600 | -19.5% |
| Distributable reserves | 133 | €469,460 | €377,860 | -€91,600 | -19.5% |
| Profit (loss) carried forward | 14 | €4,190 | €4,532 | +€342 | +8.2% |
| Amounts payable | 17/49 | €658,387 | €817,220 | +€158,833 | +24.1% |
| Amounts payable after more than one year | 17 | €514,326 | €480,745 | -€33,581 | -6.5% |
| Financial debts | 170/4 | €514,326 | €480,745 | -€33,581 | -6.5% |
| Amounts payable within one year | 42/48 | €144,061 | €336,475 | +€192,414 | +133.6% |
| Current portion of amounts payable after more than one year | 42 | €33,096 | €33,581 | +€485 | +1.5% |
| Trade debts | 44 | €37,721 | €23,214 | -€14,508 | -38.5% |
| Suppliers | 440/4 | €37,721 | €23,214 | -€14,508 | -38.5% |
| Taxes, remuneration and social security | 45 | €7,204 | €7,072 | -€132 | -1.8% |
| Taxes | 450/3 | €7,204 | €7,072 | -€132 | -1.8% |
| Other amounts payable | 47/48 | €66,040 | €272,608 | +€206,568 | +312.8% |
| Non-recurring operating income | 76A | - | €6,900 | +€6,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,816 | €34,630 | -€30,185 | -46.6% |
| Other operating charges | 640/8 | €6,050 | €5,821 | -€230 | -3.8% |
| Gross operating margin | 9900 | €179,593 | €196,568 | +€16,975 | +9.5% |
| Operating profit (loss) | 9901 | €108,727 | €156,117 | +€47,390 | +43.6% |
| Financial income | 75/76B | €4,851 | €4,019 | -€832 | -17.2% |
| Recurring financial income | 75 | €4,851 | €4,019 | -€832 | -17.2% |
| Financial charges | 65/66B | €8,881 | €8,405 | -€477 | -5.4% |
| Recurring financial charges | 65 | €8,881 | €8,405 | -€477 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €104,697 | €151,732 | +€47,035 | +44.9% |
| Income taxes | 67/77 | €26,801 | €42,890 | +€16,088 | +60.0% |
| Profit (loss) for the period | 9904 | €77,896 | €108,842 | +€30,946 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,896 | €108,842 | +€30,946 | +39.7% |
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 12 October 2026 via checked.be.