U.M.S.: 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.S.
Largest movements
- Receivables within one year -€54,736
down €54,736 (-34.3%), from €159,781 to €105,045
of which Other amounts receivable: -€53,324
- Cash +€54,169
up €54,169 (+31.0%), from €174,492 to €228,661
mainly Receivables within one year (+€54,736) and Depreciation (+€10,127)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€50,408
down €50,408 (-51.6%), from €97,596 to €47,188
- Taxes -€12,084
down €12,084 (-84.6%), from €14,286 to €2,202
- Financial charges -€5,327
down €5,327 (-21.4%), from €24,839 to €19,512
- Other operating charges +€1,107
up €1,107 (+12.0%), from €9,184 to €10,291
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 | €1,363,751 | €1,356,466 | -€7,285 | -0.5% |
| Fixed assets | 21/28 | €1,028,890 | €1,022,138 | -€6,752 | -0.7% |
| Tangible fixed assets | 22/27 | €1,028,890 | €1,022,138 | -€6,752 | -0.7% |
| Land and buildings | 22 | €1,028,890 | €1,020,640 | -€8,250 | -0.8% |
| Plant, machinery and equipment | 23 | - | €1,497 | +€1,497 | |
| Current assets | 29/58 | €334,860 | €334,328 | -€532 | -0.2% |
| Amounts receivable within one year | 40/41 | €159,781 | €105,045 | -€54,736 | -34.3% |
| Trade receivables | 40 | €1,412 | - | -€1,412 | |
| Other amounts receivable | 41 | €158,369 | €105,045 | -€53,324 | -33.7% |
| Cash at bank and in hand | 54/58 | €174,492 | €228,661 | +€54,169 | +31.0% |
| Deferred charges and accrued income | 490/1 | €587 | €622 | +€35 | +6.0% |
| Total equity and liabilities | 10/49 | €1,363,751 | €1,356,466 | -€7,285 | -0.5% |
| Equity | 10/15 | €1,078,009 | €1,083,387 | +€5,378 | +0.5% |
| Contributions | 10/11 | €385,000 | €385,000 | = | 0.0% |
| Reserves | 13 | €59,839 | €59,215 | -€624 | -1.0% |
| Tax-exempt reserves | 132 | €10,181 | €9,557 | -€624 | -6.1% |
| Distributable reserves | 133 | €49,658 | €49,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | €633,170 | €639,171 | +€6,002 | +0.9% |
| Provisions and deferred taxes | 16 | €5,242 | €4,921 | -€321 | -6.1% |
| Deferred taxes | 168 | €5,242 | €4,921 | -€321 | -6.1% |
| Amounts payable | 17/49 | €280,500 | €268,158 | -€12,342 | -4.4% |
| Amounts payable after more than one year | 17 | €20,565 | €17,342 | -€3,223 | -15.7% |
| Other amounts payable | 178/9 | €20,565 | €17,342 | -€3,223 | -15.7% |
| Amounts payable within one year | 42/48 | €244,831 | €237,449 | -€7,381 | -3.0% |
| Financial debts | 43 | €150,600 | €150,600 | = | 0.0% |
| Credit institutions | 430/8 | €600 | €600 | = | 0.0% |
| Other loans | 439 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €2,156 | €684 | -€1,472 | -68.3% |
| Suppliers | 440/4 | €2,156 | €684 | -€1,472 | -68.3% |
| Taxes, remuneration and social security | 45 | €5,246 | €6,488 | +€1,242 | +23.7% |
| Taxes | 450/3 | €5,246 | €6,488 | +€1,242 | +23.7% |
| Other amounts payable | 47/48 | €86,828 | €79,677 | -€7,151 | -8.2% |
| Accrued charges and deferred income | 492/3 | €15,104 | €13,366 | -€1,738 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,087 | €10,127 | +€40 | +0.4% |
| Other operating charges | 640/8 | €9,184 | €10,291 | +€1,107 | +12.0% |
| Gross operating margin | 9900 | €97,596 | €47,188 | -€50,408 | -51.6% |
| Operating profit (loss) | 9901 | €78,325 | €26,771 | -€51,554 | -65.8% |
| Financial charges | 65/66B | €24,839 | €19,512 | -€5,327 | -21.4% |
| Recurring financial charges | 65 | €24,839 | €19,512 | -€5,327 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €53,486 | €7,259 | -€46,227 | -86.4% |
| Transfer from deferred taxes | 780 | €321 | €321 | = | 0.0% |
| Income taxes | 67/77 | €14,286 | €2,202 | -€12,084 | -84.6% |
| Profit (loss) for the period | 9904 | €39,521 | €5,378 | -€34,143 | -86.4% |
| Transfer from tax-exempt reserves | 789 | €624 | €624 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,145 | €6,002 | -€34,143 | -85.0% |
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 15 October 2026 via checked.be.