U-nlock: 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-nlock
Largest movements
- Cash -€247,652
down €247,652 (-73.3%), from €338,085 to €90,433
mainly Contributions, distributions and other (-€610,261) and Current investments (-€230,000)
- Current investments +€230,000
new in 2025: €230,000
- Receivables within one year -€35,113
down €35,113 (-24.9%), from €140,785 to €105,672
of which Trade receivables: -€20,113
- Reserves -€395,476
down €395,476 (-100.0%), from €395,476 to €0
- Other debts +€318,134
up €318,134 (+7315.2%), from €4,349 to €322,483
- Tax, wage and social debts +€27,442
up €27,442 (+30.5%), from €89,945 to €117,387
- Gross operating margin +€115,899
up €115,899 (+67.3%), from €172,130 to €288,029
- Taxes +€28,162
up €28,162 (+71.9%), from €39,174 to €67,337
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 | €497,469 | €443,924 | -€53,545 | -10.8% |
| Fixed assets | 21/28 | €16,624 | €15,878 | -€746 | -4.5% |
| Tangible fixed assets | 22/27 | €16,624 | €15,878 | -€746 | -4.5% |
| Plant, machinery and equipment | 23 | €4,199 | €2,529 | -€1,671 | -39.8% |
| Furniture and vehicles | 24 | - | €2,480 | +€2,480 | |
| Other tangible fixed assets | 26 | €12,425 | €10,870 | -€1,555 | -12.5% |
| Current assets | 29/58 | €480,845 | €428,046 | -€52,799 | -11.0% |
| Amounts receivable within one year | 40/41 | €140,785 | €105,672 | -€35,113 | -24.9% |
| Trade receivables | 40 | €50,785 | €30,672 | -€20,113 | -39.6% |
| Other amounts receivable | 41 | €90,000 | €75,000 | -€15,000 | -16.7% |
| Current investments | 50/53 | - | €230,000 | +€230,000 | |
| Cash at bank and in hand | 54/58 | €338,085 | €90,433 | -€247,652 | -73.3% |
| Deferred charges and accrued income | 490/1 | €1,975 | €1,941 | -€34 | -1.7% |
| Total equity and liabilities | 10/49 | €497,469 | €443,924 | -€53,545 | -10.8% |
| Equity | 10/15 | €398,476 | €3,000 | -€395,476 | -99.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €395,476 | €0 | -€395,476 | -100.0% |
| Distributable reserves | 133 | €395,476 | €0 | -€395,476 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €98,993 | €440,924 | +€341,931 | +345.4% |
| Amounts payable within one year | 42/48 | €98,993 | €440,924 | +€341,931 | +345.4% |
| Trade debts | 44 | €4,700 | €1,054 | -€3,646 | -77.6% |
| Suppliers | 440/4 | €4,700 | €1,054 | -€3,646 | -77.6% |
| Taxes, remuneration and social security | 45 | €89,945 | €117,387 | +€27,442 | +30.5% |
| Taxes | 450/3 | €89,945 | €117,387 | +€27,442 | +30.5% |
| Other amounts payable | 47/48 | €4,349 | €322,483 | +€318,134 | +7315.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €3,849 | +€429 | +12.5% |
| Other operating charges | 640/8 | €409 | €765 | +€356 | +87.1% |
| Gross operating margin | 9900 | €172,130 | €288,029 | +€115,899 | +67.3% |
| Operating profit (loss) | 9901 | €168,300 | €283,415 | +€115,114 | +68.4% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €1,601 | €1,292 | -€308 | -19.3% |
| Recurring financial charges | 65 | €1,601 | €1,292 | -€308 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €166,712 | €282,122 | +€115,411 | +69.2% |
| Income taxes | 67/77 | €39,174 | €67,337 | +€28,162 | +71.9% |
| Profit (loss) for the period | 9904 | €127,537 | €214,786 | +€87,248 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €127,537 | €214,786 | +€87,248 | +68.4% |
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 9 October 2026 via checked.be.