U.G.D.: 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.G.D.
Largest movements
- Tangible fixed assets -€5,866
down €5,866 (-51.0%), from €11,506 to €5,639
of which Furniture and vehicles: -€5,500
- Receivables within one year -€3,682
down €3,682 (-45.1%), from €8,168 to €4,485
of which Trade receivables: -€3,635
- Cash -€2,117
down €2,117 (-37.3%), from €5,681 to €3,564
mainly Other debts (-€31,460) and Tax, wage and social debts (-€1,561)
- Deferred charges and accrued income +€352
up €352 (+212.1%), from €166 to €517
- Other debts -€31,460
down €31,460 (-97.6%), from €32,248 to €788
- Profit (loss) carried forward +€22,675
up €22,675 (+56.3%), from -€40,306 to -€17,631
- Tax, wage and social debts -€1,561
down €1,561 (-14.1%), from €11,076 to €9,515
- Current portion of long-term debt -€688
down €688 (-20.3%), from €3,394 to €2,707
- Trade debts -€281
down €281 (-54.4%), from €516 to €236
- Gross operating margin -€10,837
down €10,837 (-20.5%), from €52,860 to €42,023
- Taxes -€2,943
down €2,943 (-24.1%), from €12,189 to €9,246
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 | €25,520 | €14,206 | -€11,314 | -44.3% |
| Fixed assets | 21/28 | €11,506 | €5,639 | -€5,866 | -51.0% |
| Tangible fixed assets | 22/27 | €11,506 | €5,639 | -€5,866 | -51.0% |
| Plant, machinery and equipment | 23 | €1,003 | €637 | -€366 | -36.5% |
| Furniture and vehicles | 24 | €10,503 | €5,003 | -€5,500 | -52.4% |
| Current assets | 29/58 | €14,015 | €8,567 | -€5,448 | -38.9% |
| Amounts receivable within one year | 40/41 | €8,168 | €4,485 | -€3,682 | -45.1% |
| Trade receivables | 40 | €8,078 | €4,443 | -€3,635 | -45.0% |
| Other amounts receivable | 41 | €90 | €43 | -€47 | -52.5% |
| Cash at bank and in hand | 54/58 | €5,681 | €3,564 | -€2,117 | -37.3% |
| Deferred charges and accrued income | 490/1 | €166 | €517 | +€352 | +212.1% |
| Total equity and liabilities | 10/49 | €25,520 | €14,206 | -€11,314 | -44.3% |
| Equity | 10/15 | -€21,714 | €961 | +€22,675 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,306 | -€17,631 | +€22,675 | +56.3% |
| Amounts payable | 17/49 | €47,234 | €13,246 | -€33,989 | -72.0% |
| Amounts payable within one year | 42/48 | €47,234 | €13,246 | -€33,989 | -72.0% |
| Current portion of amounts payable after more than one year | 42 | €3,394 | €2,707 | -€688 | -20.3% |
| Trade debts | 44 | €516 | €236 | -€281 | -54.4% |
| Suppliers | 440/4 | €516 | €236 | -€281 | -54.4% |
| Taxes, remuneration and social security | 45 | €11,076 | €9,515 | -€1,561 | -14.1% |
| Taxes | 450/3 | €11,076 | €9,515 | -€1,561 | -14.1% |
| Other amounts payable | 47/48 | €32,248 | €788 | -€31,460 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,596 | €5,866 | +€270 | +4.8% |
| Other operating charges | 640/8 | €1,088 | €1,077 | -€12 | -1.1% |
| Gross operating margin | 9900 | €52,860 | €42,023 | -€10,837 | -20.5% |
| Operating profit (loss) | 9901 | €46,176 | €35,080 | -€11,095 | -24.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €3,484 | €3,160 | -€324 | -9.3% |
| Recurring financial charges | 65 | €3,484 | €3,160 | -€324 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €42,692 | €31,921 | -€10,771 | -25.2% |
| Income taxes | 67/77 | €12,189 | €9,246 | -€2,943 | -24.1% |
| Profit (loss) for the period | 9904 | €30,503 | €22,675 | -€7,828 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,503 | €22,675 | -€7,828 | -25.7% |
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.