U-FLY: 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.
U-FLY
Largest movements
- Receivables within one year +€39,359
up €39,359 (+187.4%), from €21,006 to €60,364
of which Trade receivables: +€39,359
- Tangible fixed assets -€34,931
down €34,931 (-28.9%), from €120,861 to €85,930
of which Plant, machinery and equipment: -€29,841
- Financial fixed assets +€34,279
new in 2025: €34,279
- Cash +€13,452
up €13,452 (+29.4%), from €45,790 to €59,242
mainly Depreciation (+€40,548) and Tax, wage and social debts (+€28,971)
- Tax, wage and social debts +€28,971
up €28,971 (+320.6%), from €9,037 to €38,007
- Other debts +€28,287
up €28,287 (+30.6%), from €92,545 to €120,833
- Debts after one year -€4,700
down €4,700 (-11.8%), from €39,864 to €35,164
- Profit (loss) carried forward +€3,052
no longer reported in 2025 (was -€3,052)
- Accrued charges and deferred income -€2,947
no longer reported in 2025 (was €2,947)
- Gross operating margin +€43,375
up €43,375 (+125.6%), from €34,530 to €77,905
- Depreciation +€10,647
up €10,647 (+35.6%), from €29,901 to €40,548
- Taxes +€5,476
up €5,476 (+2148.2%), from €255 to €5,731
- Financial charges +€2,660
up €2,660 (+95.9%), from €2,775 to €5,435
of which Financial charges: +€2,661
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 | €187,657 | €239,815 | +€52,158 | +27.8% |
| Fixed assets | 21/28 | €120,861 | €120,208 | -€653 | -0.5% |
| Tangible fixed assets | 22/27 | €120,861 | €85,930 | -€34,931 | -28.9% |
| Plant, machinery and equipment | 23 | €100,440 | €70,599 | -€29,841 | -29.7% |
| Furniture and vehicles | 24 | €20,421 | €15,331 | -€5,090 | -24.9% |
| Financial fixed assets | 28 | - | €34,279 | +€34,279 | |
| Current assets | 29/58 | €66,796 | €119,607 | +€52,811 | +79.1% |
| Amounts receivable within one year | 40/41 | €21,006 | €60,364 | +€39,359 | +187.4% |
| Trade receivables | 40 | €11,894 | €51,253 | +€39,359 | +330.9% |
| Other amounts receivable | 41 | €9,111 | €9,111 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,790 | €59,242 | +€13,452 | +29.4% |
| Total equity and liabilities | 10/49 | €187,657 | €239,815 | +€52,158 | +27.8% |
| Equity | 10/15 | €34,191 | €37,629 | +€3,439 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,043 | €31,429 | +€386 | +1.2% |
| Distributable reserves | 133 | €31,043 | €31,429 | +€386 | +1.2% |
| Profit (loss) carried forward | 14 | -€3,052 | - | +€3,052 | |
| Amounts payable | 17/49 | €153,466 | €202,186 | +€48,719 | +31.7% |
| Amounts payable after more than one year | 17 | €39,864 | €35,164 | -€4,700 | -11.8% |
| Financial debts | 170/4 | €39,864 | €35,164 | -€4,700 | -11.8% |
| Amounts payable within one year | 42/48 | €110,654 | €167,021 | +€56,367 | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €4,579 | €4,700 | +€122 | +2.7% |
| Trade debts | 44 | €4,494 | €3,481 | -€1,013 | -22.5% |
| Suppliers | 440/4 | €4,494 | €3,481 | -€1,013 | -22.5% |
| Taxes, remuneration and social security | 45 | €9,037 | €38,007 | +€28,971 | +320.6% |
| Taxes | 450/3 | €9,037 | €38,007 | +€28,971 | +320.6% |
| Other amounts payable | 47/48 | €92,545 | €120,833 | +€28,287 | +30.6% |
| Accrued charges and deferred income | 492/3 | €2,947 | - | -€2,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,901 | €40,548 | +€10,647 | +35.6% |
| Other operating charges | 640/8 | €503 | €518 | +€15 | +3.1% |
| Gross operating margin | 9900 | €34,530 | €77,905 | +€43,375 | +125.6% |
| Operating profit (loss) | 9901 | €4,126 | €36,838 | +€32,713 | +792.9% |
| Financial charges | 65/66B | €2,775 | €5,435 | +€2,660 | +95.9% |
| Recurring financial charges | 65 | €2,775 | €5,435 | +€2,661 | +95.9% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €1,351 | €31,403 | +€30,052 | +2224.4% |
| Income taxes | 67/77 | €255 | €5,731 | +€5,476 | +2148.2% |
| Profit (loss) for the period | 9904 | €1,096 | €25,672 | +€24,576 | +2242.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,096 | €25,672 | +€24,576 | +2242.1% |
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 4 October 2026 via checked.be.