U-GO: 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-GO
Largest movements
- Receivables within one year -€682,358
down €682,358 (-56.1%), from €1.2m to €535,007
of which Trade receivables: -€681,849
- Deferred charges and accrued income +€544,632
up €544,632 (+99.4%), from €547,848 to €1.1m
- Cash +€392,192
up €392,192 (+155.6%), from €251,995 to €644,188
mainly Accrued charges and deferred income (+€948,856) and Receivables within one year (+€682,358)
- Accrued charges and deferred income +€948,856
up €948,856 (+637.5%), from €148,851 to €1.1m
- Trade debts -€427,187
down €427,187 (-61.7%), from €692,884 to €265,697
- Advances received -€219,813
down €219,813 (-24.6%), from €892,679 to €672,866
- Other debts -€58,771
down €58,771 (-86.6%), from €67,842 to €9,072
- Purchases and services +€4.6m
new in 2025: €4.6m
- Turnover +€4.5m
new in 2025: €4.5m
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 | €2,285,262 | €2,524,593 | +€239,331 | +10.5% |
| Fixed assets | 21/28 | €268,054 | €252,919 | -€15,135 | -5.6% |
| Tangible fixed assets | 22/27 | €267,704 | €252,569 | -€15,135 | -5.7% |
| Land and buildings | 22 | €265,963 | €252,193 | -€13,770 | -5.2% |
| Furniture and vehicles | 24 | €1,741 | €376 | -€1,365 | -78.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €2,017,208 | €2,271,674 | +€254,466 | +12.6% |
| Amounts receivable within one year | 40/41 | €1,217,365 | €535,007 | -€682,358 | -56.1% |
| Trade receivables | 40 | €1,206,869 | €525,020 | -€681,849 | -56.5% |
| Other amounts receivable | 41 | €10,497 | €9,987 | -€510 | -4.9% |
| Cash at bank and in hand | 54/58 | €251,995 | €644,188 | +€392,192 | +155.6% |
| Deferred charges and accrued income | 490/1 | €547,848 | €1,092,479 | +€544,632 | +99.4% |
| Total equity and liabilities | 10/49 | €2,285,262 | €2,524,593 | +€239,331 | +10.5% |
| Equity | 10/15 | €166,053 | €187,750 | +€21,697 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,510 | €59,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,650 | €57,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,943 | €109,640 | +€21,697 | +24.7% |
| Amounts payable | 17/49 | €2,119,209 | €2,336,844 | +€217,634 | +10.3% |
| Amounts payable after more than one year | 17 | €270,674 | €256,245 | -€14,429 | -5.3% |
| Financial debts | 170/4 | €270,674 | €256,245 | -€14,429 | -5.3% |
| Amounts payable within one year | 42/48 | €1,699,684 | €982,891 | -€716,793 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €19,139 | €19,429 | +€290 | +1.5% |
| Trade debts | 44 | €692,884 | €265,697 | -€427,187 | -61.7% |
| Suppliers | 440/4 | €692,884 | €265,697 | -€427,187 | -61.7% |
| Advances received on contracts in progress | 46 | €892,679 | €672,866 | -€219,813 | -24.6% |
| Taxes, remuneration and social security | 45 | €27,139 | €15,827 | -€11,312 | -41.7% |
| Taxes | 450/3 | €27,110 | €15,827 | -€11,282 | -41.6% |
| Remuneration and social security | 454/9 | €30 | - | -€30 | |
| Other amounts payable | 47/48 | €67,842 | €9,072 | -€58,771 | -86.6% |
| Accrued charges and deferred income | 492/3 | €148,851 | €1,097,707 | +€948,856 | +637.5% |
| Turnover | 70 | - | €4,502,404 | +€4.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,643,891 | +€4.6m | |
| Remuneration, social security and pensions | 62 | €41,940 | €46,724 | +€4,784 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,066 | €15,135 | -€931 | -5.8% |
| Other operating charges | 640/8 | €3,504 | €3,081 | -€424 | -12.1% |
| Gross operating margin | 9900 | €138,239 | €113,179 | -€25,060 | -18.1% |
| Operating profit (loss) | 9901 | €76,727 | €48,239 | -€28,488 | -37.1% |
| Financial income | 75/76B | €75 | €48 | -€27 | -35.7% |
| Recurring financial income | 75 | €75 | €48 | -€27 | -35.7% |
| Financial charges | 65/66B | €26,242 | €20,358 | -€5,884 | -22.4% |
| Recurring financial charges | 65 | €26,116 | €20,358 | -€5,758 | -22.0% |
| Non-recurring financial charges | 66B | €125 | - | -€125 | |
| Profit (loss) for the period before taxes | 9903 | €50,560 | €27,929 | -€22,631 | -44.8% |
| Income taxes | 67/77 | €14,455 | €6,233 | -€8,222 | -56.9% |
| Profit (loss) for the period | 9904 | €36,106 | €21,697 | -€14,409 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,106 | €21,697 | -€14,409 | -39.9% |
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 9 October 2026 via checked.be.