U-Projects: 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-Projects
Largest movements
- Tangible fixed assets -€47,830
down €47,830 (-5.0%), from €953,024 to €905,194
- Debts after one year -€50,084
down €50,084 (-12.3%), from €406,677 to €356,593
- Gross operating margin -€4,630
down €4,630 (-6.1%), from €76,293 to €71,663
- Financial charges -€890
down €890 (-10.5%), from €8,484 to €7,594
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 | €959,730 | €916,322 | -€43,408 | -4.5% |
| Fixed assets | 21/28 | €953,024 | €905,194 | -€47,830 | -5.0% |
| Tangible fixed assets | 22/27 | €953,024 | €905,194 | -€47,830 | -5.0% |
| Land and buildings | 22 | €953,024 | €905,194 | -€47,830 | -5.0% |
| Current assets | 29/58 | €6,706 | €11,129 | +€4,422 | +65.9% |
| Cash at bank and in hand | 54/58 | €6,706 | €11,129 | +€4,422 | +65.9% |
| Total equity and liabilities | 10/49 | €959,730 | €916,322 | -€43,408 | -4.5% |
| Equity | 10/15 | €39,000 | €43,390 | +€4,390 | +11.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,000 | -€26,610 | +€4,390 | +14.2% |
| Amounts payable | 17/49 | €920,730 | €872,933 | -€47,798 | -5.2% |
| Amounts payable after more than one year | 17 | €406,677 | €356,593 | -€50,084 | -12.3% |
| Financial debts | 170/4 | €406,677 | €356,593 | -€50,084 | -12.3% |
| Amounts payable within one year | 42/48 | €507,896 | €510,049 | +€2,153 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €49,403 | €50,084 | +€680 | +1.4% |
| Financial debts | 43 | €455,000 | €455,000 | = | 0.0% |
| Other loans | 439 | €455,000 | €455,000 | = | 0.0% |
| Trade debts | 44 | €3,493 | €4,966 | +€1,473 | +42.2% |
| Suppliers | 440/4 | €3,493 | €4,966 | +€1,473 | +42.2% |
| Accrued charges and deferred income | 492/3 | €6,157 | €6,290 | +€133 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,830 | €47,830 | = | 0.0% |
| Other operating charges | 640/8 | €11,491 | €11,849 | +€358 | +3.1% |
| Gross operating margin | 9900 | €76,293 | €71,663 | -€4,630 | -6.1% |
| Operating profit (loss) | 9901 | €16,972 | €11,984 | -€4,988 | -29.4% |
| Financial charges | 65/66B | €8,484 | €7,594 | -€890 | -10.5% |
| Recurring financial charges | 65 | €8,484 | €7,594 | -€890 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €8,488 | €4,390 | -€4,098 | -48.3% |
| Profit (loss) for the period | 9904 | €8,488 | €4,390 | -€4,098 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,488 | €4,390 | -€4,098 | -48.3% |
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 29 September 2026 via checked.be.