U.Z.S.: what changed
U.Z.S.
Largest movements
- Cash +€168,094
up €168,094 (+384%), from €43,757 to €211,851
mainly Net result for the year (+€127,437) and Current investments (+€74,573)
- Current investments -€74,573
down €74,573 (-100%), from €74,573 to €0
- Tangible fixed assets +€58,467
up €58,467 (+11.6%), from €504,125 to €562,592
of which Furniture and vehicles: +€81,629
- Receivables within one year -€54,873
down €54,873 (-64.6%), from €84,979 to €30,107
of which Trade receivables: -€66,937
- Stocks and contracts +€13,200
up €13,200 (+17.1%), from €77,200 to €90,400
- Reserves +€127,437
up €127,437 (+37.1%), from €343,693 to €471,130
of which Distributable reserves: +€85,337
- Other debts -€45,121
down €45,121 (-89.0%), from €50,713 to €5,592
- Debts after one year +€13,411
up €13,411 (+4.2%), from €322,519 to €335,931
- Tax, wage and social debts +€12,628
up €12,628 (+55.9%), from €22,603 to €35,231
of which Taxes: +€11,428
- Current portion of long-term debt +€10,784
up €10,784 (+39.3%), from €27,441 to €38,225
- Gross operating margin +€138,724
up €138,724 (+193%), from €71,741 to €210,465
- Taxes +€36,842
up €36,842 (+311%), from €11,862 to €48,705
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €789,690 | €899,870 | +€110,180 | +14.0% |
| Fixed assets | 21/28 | €504,125 | €562,592 | +€58,467 | +11.6% |
| Tangible fixed assets | 22/27 | €504,125 | €562,592 | +€58,467 | +11.6% |
| Land and buildings | 22 | €498,646 | €476,943 | -€21,703 | -4.4% |
| Plant, machinery and equipment | 23 | €5,479 | €4,020 | -€1,459 | -26.6% |
| Furniture and vehicles | 24 | €0 | €81,629 | +€81,629 | |
| Current assets | 29/58 | €285,565 | €337,278 | +€51,713 | +18.1% |
| Stocks and contracts in progress | 3 | €77,200 | €90,400 | +€13,200 | +17.1% |
| Stocks | 30/36 | €77,200 | €90,400 | +€13,200 | +17.1% |
| Amounts receivable within one year | 40/41 | €84,979 | €30,107 | -€54,873 | -64.6% |
| Trade receivables | 40 | €84,953 | €18,016 | -€66,937 | -78.8% |
| Other amounts receivable | 41 | €26 | €12,091 | +€12,064 | +46,082% |
| Current investments | 50/53 | €74,573 | €0 | -€74,573 | -100% |
| Cash at bank and in hand | 54/58 | €43,757 | €211,851 | +€168,094 | +384% |
| Deferred charges and accrued income | 490/1 | €5,056 | €4,920 | -€136 | -2.7% |
| Total equity and liabilities | 10/49 | €789,690 | €899,870 | +€110,180 | +14.0% |
| Equity | 10/15 | €349,893 | €477,330 | +€127,437 | +36.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €343,693 | €471,130 | +€127,437 | +37.1% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €343,693 | €429,030 | +€85,337 | +24.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €439,797 | €422,540 | -€17,257 | -3.9% |
| Amounts payable after more than one year | 17 | €322,519 | €335,931 | +€13,411 | +4.2% |
| Financial debts | 170/4 | €322,519 | €335,931 | +€13,411 | +4.2% |
| Amounts payable within one year | 42/48 | €117,277 | €86,609 | -€30,668 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €27,441 | €38,225 | +€10,784 | +39.3% |
| Financial debts | 43 | €127 | €0 | -€127 | -100% |
| Credit institutions | 430/8 | €127 | €0 | -€127 | -100% |
| Trade debts | 44 | €16,393 | €7,561 | -€8,833 | -53.9% |
| Suppliers | 440/4 | €16,393 | €7,561 | -€8,833 | -53.9% |
| Taxes, remuneration and social security | 45 | €22,603 | €35,231 | +€12,628 | +55.9% |
| Taxes | 450/3 | €21,103 | €32,531 | +€11,428 | +54.2% |
| Remuneration and social security | 454/9 | €1,500 | €2,700 | +€1,200 | +80.0% |
| Other amounts payable | 47/48 | €50,713 | €5,592 | -€45,121 | -89.0% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,782 | €26,033 | +€1,251 | +5.0% |
| Other operating charges | 640/8 | €3,869 | €2,665 | -€1,204 | -31.1% |
| Gross operating margin | 9900 | €71,741 | €210,465 | +€138,724 | +193% |
| Operating profit (loss) | 9901 | €43,090 | €181,767 | +€138,677 | +322% |
| Financial income | 75/76B | €828 | €833 | +€5 | +0.6% |
| Recurring financial income | 75 | €828 | €833 | +€5 | +0.6% |
| Financial charges | 65/66B | €6,645 | €6,459 | -€186 | -2.8% |
| Recurring financial charges | 65 | €6,645 | €6,459 | -€186 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €37,273 | €176,141 | +€138,869 | +373% |
| Income taxes | 67/77 | €11,862 | €48,705 | +€36,842 | +311% |
| Profit (loss) for the period | 9904 | €25,410 | €127,437 | +€102,026 | +402% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,410 | €85,337 | +€59,926 | +236% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.