U-MAN BELGIUM: 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-MAN BELGIUM
Largest movements
- Cash +€85,702
up €85,702 (+29.6%), from €289,730 to €375,432
mainly Trade debts (+€77,313) and Receivables within one year (+€51,562)
- Receivables within one year -€51,562
down €51,562 (-31.9%), from €161,566 to €110,004
of which Trade receivables: -€44,891
- Tangible fixed assets +€5,241
up €5,241 (+54.8%), from €9,562 to €14,803
of which Plant, machinery and equipment: +€4,180
- Trade debts +€77,313
up €77,313 (+61.5%), from €125,806 to €203,119
- Advances received -€30,073
down €30,073 (-43.0%), from €70,000 to €39,927
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward +€12,682
up €12,682 (+20.8%), from €60,978 to €73,660
- Staff costs +€16,412
up €16,412 (+7.5%), from €217,522 to €233,934
- Gross operating margin +€13,893
up €13,893 (+5.6%), from €249,627 to €263,520
- Taxes +€4,744
up €4,744 (+168%), from €2,820 to €7,564
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 | €487,265 | €523,679 | +€36,414 | +7.5% |
| Fixed assets | 21/28 | €12,612 | €17,853 | +€5,241 | +41.6% |
| Tangible fixed assets | 22/27 | €9,562 | €14,803 | +€5,241 | +54.8% |
| Plant, machinery and equipment | 23 | €9,387 | €13,567 | +€4,180 | +44.5% |
| Furniture and vehicles | 24 | €175 | - | -€175 | |
| Other tangible fixed assets | 26 | - | €1,236 | +€1,236 | |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €474,653 | €505,826 | +€31,173 | +6.6% |
| Stocks and contracts in progress | 3 | €14,100 | €14,100 | = | 0.0% |
| Stocks | 30/36 | €14,100 | €14,100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €161,566 | €110,004 | -€51,562 | -31.9% |
| Trade receivables | 40 | €127,902 | €83,012 | -€44,891 | -35.1% |
| Other amounts receivable | 41 | €33,664 | €26,992 | -€6,671 | -19.8% |
| Cash at bank and in hand | 54/58 | €289,730 | €375,432 | +€85,702 | +29.6% |
| Deferred charges and accrued income | 490/1 | €9,257 | €6,290 | -€2,967 | -32.1% |
| Total equity and liabilities | 10/49 | €487,265 | €523,679 | +€36,414 | +7.5% |
| Equity | 10/15 | €220,978 | €233,660 | +€12,682 | +5.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,978 | €73,660 | +€12,682 | +20.8% |
| Amounts payable | 17/49 | €266,288 | €290,019 | +€23,732 | +8.9% |
| Amounts payable within one year | 42/48 | €266,288 | €290,019 | +€23,732 | +8.9% |
| Trade debts | 44 | €125,806 | €203,119 | +€77,313 | +61.5% |
| Suppliers | 440/4 | €125,806 | €203,119 | +€77,313 | +61.5% |
| Advances received on contracts in progress | 46 | €70,000 | €39,927 | -€30,073 | -43.0% |
| Taxes, remuneration and social security | 45 | €50,481 | €46,973 | -€3,508 | -6.9% |
| Taxes | 450/3 | €25,213 | €21,771 | -€3,442 | -13.7% |
| Remuneration and social security | 454/9 | €25,269 | €25,203 | -€66 | -0.3% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €217,522 | €233,934 | +€16,412 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,241 | €5,199 | +€1,957 | +60.4% |
| Other operating charges | 640/8 | €2,459 | €3,440 | +€981 | +39.9% |
| Gross operating margin | 9900 | €249,627 | €263,520 | +€13,893 | +5.6% |
| Operating profit (loss) | 9901 | €26,404 | €20,947 | -€5,457 | -20.7% |
| Financial income | 75/76B | - | €988 | +€988 | |
| Recurring financial income | 75 | - | €988 | +€988 | |
| Financial charges | 65/66B | €761 | €1,689 | +€928 | +122% |
| Recurring financial charges | 65 | €761 | €1,689 | +€928 | +122% |
| Profit (loss) for the period before taxes | 9903 | €25,644 | €20,246 | -€5,397 | -21.0% |
| Income taxes | 67/77 | €2,820 | €7,564 | +€4,744 | +168% |
| Profit (loss) for the period | 9904 | €22,823 | €12,682 | -€10,141 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,823 | €12,682 | -€10,141 | -44.4% |
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 1 November 2026 via checked.be.