U.M.A.: 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.M.A.
Largest movements
- Current investments +€13,839
up €13,839 (+8.1%), from €169,923 to €183,762
- Receivables within one year +€11,559
up €11,559 (+149%), from €7,772 to €19,331
of which Trade receivables: +€9,041
- Profit (loss) carried forward +€12,004
up €12,004 (+9.9%), from €120,684 to €132,688
- Trade debts +€10,493
up €10,493 (+150%), from €6,998 to €17,491
of which Suppliers: +€8,973
- Gross operating margin +€10,360
up €10,360, from -€1,089 to €9,271
- Financial income -€2,934
down €2,934 (-21.0%), from €13,966 to €11,032
- Financial charges -€388
down €388 (-21.8%), from €1,780 to €1,392
- Other operating charges +€298
up €298 (+5.1%), from €5,871 to €6,169
- Depreciation +€283
up €283 (+62.1%), from €455 to €738
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.
Derived cash bridge
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 | €311,085 | €335,604 | +€24,520 | +7.9% |
| Fixed assets | 21/28 | €119,135 | €118,397 | -€738 | -0.6% |
| Tangible fixed assets | 22/27 | €119,135 | €118,397 | -€738 | -0.6% |
| Land and buildings | 22 | €112,897 | €112,897 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,237 | €5,499 | -€738 | -11.8% |
| Current assets | 29/58 | €191,950 | €217,207 | +€25,258 | +13.2% |
| Stocks and contracts in progress | 3 | €455 | €850 | +€395 | +86.8% |
| Stocks | 30/36 | €455 | €850 | +€395 | +86.8% |
| Amounts receivable within one year | 40/41 | €7,772 | €19,331 | +€11,559 | +149% |
| Trade receivables | 40 | €6,157 | €15,198 | +€9,041 | +147% |
| Other amounts receivable | 41 | €1,615 | €4,133 | +€2,518 | +156% |
| Current investments | 50/53 | €169,923 | €183,762 | +€13,839 | +8.1% |
| Cash at bank and in hand | 54/58 | €12,886 | €12,525 | -€361 | -2.8% |
| Deferred charges and accrued income | 490/1 | €914 | €739 | -€175 | -19.1% |
| Total equity and liabilities | 10/49 | €311,085 | €335,604 | +€24,520 | +7.9% |
| Equity | 10/15 | €303,491 | €315,495 | +€12,004 | +4.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €42,811 | €42,811 | = | 0.0% |
| Reserves | 13 | €120,995 | €120,995 | = | 0.0% |
| Distributable reserves | 133 | €120,995 | €120,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,684 | €132,688 | +€12,004 | +9.9% |
| Amounts payable | 17/49 | €7,594 | €20,110 | +€12,516 | +165% |
| Amounts payable within one year | 42/48 | €7,594 | €20,110 | +€12,516 | +165% |
| Trade debts | 44 | €6,998 | €17,491 | +€10,493 | +150% |
| Suppliers | 440/4 | €5,198 | €14,171 | +€8,973 | +173% |
| Bills of exchange payable | 441 | €1,800 | €3,320 | +€1,520 | +84.4% |
| Taxes, remuneration and social security | 45 | €32 | €2,619 | +€2,587 | +8,109% |
| Taxes | 450/3 | €32 | €2,619 | +€2,587 | +8,109% |
| Other amounts payable | 47/48 | €564 | - | -€564 | |
| Remuneration, social security and pensions | 62 | €115 | - | -€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455 | €738 | +€283 | +62.1% |
| Other operating charges | 640/8 | €5,871 | €6,169 | +€298 | +5.1% |
| Gross operating margin | 9900 | -€1,089 | €9,271 | +€10,360 | |
| Operating profit (loss) | 9901 | -€7,530 | €2,364 | +€9,894 | |
| Financial income | 75/76B | €13,966 | €11,032 | -€2,934 | -21.0% |
| Recurring financial income | 75 | €13,966 | €11,032 | -€2,934 | -21.0% |
| Financial charges | 65/66B | €1,780 | €1,392 | -€388 | -21.8% |
| Recurring financial charges | 65 | €1,780 | €1,392 | -€388 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €4,656 | €12,004 | +€7,348 | +158% |
| Profit (loss) for the period | 9904 | €4,656 | €12,004 | +€7,348 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €4,656 | €12,004 | +€7,348 | +158% |
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 26 October 2026 via checked.be.