UB Finance: what changed
What changed
UB Finance
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€10,836
2024 · €6,432+€4,404
Equity
€407,637
2024 · €546,801-€139,164
Cash
€24,696
2024 · €52,183-€27,487
Balance sheet total
€1.3m
2024 · €1.3m-€38,327
Largest movements
Assets
- Cash -€27,487
down €27,487 (-52.7%), from €52,183 to €24,696
mainly Contributions, distributions and other (-€150,000) and Debts after one year (-€45,906)
- Tangible fixed assets -€21,641
down €21,641 (-4.2%), from €511,745 to €490,104
of which Land and buildings: -€21,000
Equity and liabilities
- Other debts +€150,793
up €150,793 (+73.5%), from €205,199 to €355,992
- Profit (loss) carried forward -€139,164
down €139,164 (-28.0%), from €496,801 to €357,637
- Debts after one year -€45,906
down €45,906 (-9.6%), from €479,312 to €433,407
Income statement
- Gross operating margin +€5,475
up €5,475 (+10.1%), from €54,380 to €59,854
- Taxes +€2,178
up €2,178 (+291%), from €748 to €2,927
- Financial charges -€1,328
down €1,328 (-5.6%), from €23,713 to €22,386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,432
Gross operating margin
+€5,475
Depreciation
-€223
Other operating charges
+€2
Financial charges
+€1,328
Taxes
-€2,178
Result 2025
€10,836
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€167,459
Investment
€0
Financing
-€194,945
Cash 2024
€52,183
From operations (derived)
+€167,459
Net result for the year
+€10,836
Depreciation
+€21,641
Receivables within one year
-€10,502
Deferred charges and accrued income
-€299
Trade debts
-€1,550
Tax, wage and social debts
-€1,275
Other debts
+€150,793
Accrued charges and deferred income
-€2,186
Financing
-€194,945
Debts after one year
-€45,906
Current portion of long-term debt
+€961
Contributions, distributions and other
-€150,000
Cash 2025
€24,696
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,296,619 | €1,258,292 | -€38,327 | -3.0% |
| Fixed assets | 21/28 | €1,231,745 | €1,210,104 | -€21,641 | -1.8% |
| Tangible fixed assets | 22/27 | €511,745 | €490,104 | -€21,641 | -4.2% |
| Land and buildings | 22 | €505,750 | €484,750 | -€21,000 | -4.2% |
| Plant, machinery and equipment | 23 | €5,995 | €5,354 | -€641 | -10.7% |
| Financial fixed assets | 28 | €720,000 | €720,000 | = | 0.0% |
| Current assets | 29/58 | €64,874 | €48,188 | -€16,685 | -25.7% |
| Amounts receivable within one year | 40/41 | €10,432 | €20,933 | +€10,502 | +101% |
| Trade receivables | 40 | €10,180 | €19,860 | +€9,680 | +95.1% |
| Other amounts receivable | 41 | €252 | €1,073 | +€822 | +327% |
| Cash at bank and in hand | 54/58 | €52,183 | €24,696 | -€27,487 | -52.7% |
| Deferred charges and accrued income | 490/1 | €2,259 | €2,559 | +€299 | +13.3% |
| Total equity and liabilities | 10/49 | €1,296,619 | €1,258,292 | -€38,327 | -3.0% |
| Equity | 10/15 | €546,801 | €407,637 | -€139,164 | -25.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €496,801 | €357,637 | -€139,164 | -28.0% |
| Amounts payable | 17/49 | €749,818 | €850,655 | +€100,837 | +13.4% |
| Amounts payable after more than one year | 17 | €479,312 | €433,407 | -€45,906 | -9.6% |
| Financial debts | 170/4 | €479,312 | €433,407 | -€45,906 | -9.6% |
| Amounts payable within one year | 42/48 | €262,692 | €411,621 | +€148,929 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | €44,945 | €45,906 | +€961 | +2.1% |
| Trade debts | 44 | €2,545 | €995 | -€1,550 | -60.9% |
| Suppliers | 440/4 | €2,545 | €995 | -€1,550 | -60.9% |
| Taxes, remuneration and social security | 45 | €10,002 | €8,727 | -€1,275 | -12.7% |
| Taxes | 450/3 | €10,002 | €8,727 | -€1,275 | -12.7% |
| Other amounts payable | 47/48 | €205,199 | €355,992 | +€150,793 | +73.5% |
| Accrued charges and deferred income | 492/3 | €7,814 | €5,628 | -€2,186 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,419 | €21,641 | +€223 | +1.0% |
| Other operating charges | 640/8 | €2,067 | €2,065 | -€2 | -0.1% |
| Gross operating margin | 9900 | €54,380 | €59,854 | +€5,475 | +10.1% |
| Operating profit (loss) | 9901 | €30,894 | €36,148 | +€5,254 | +17.0% |
| Financial charges | 65/66B | €23,713 | €22,386 | -€1,328 | -5.6% |
| Recurring financial charges | 65 | €23,713 | €22,386 | -€1,328 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €7,181 | €13,763 | +€6,582 | +91.7% |
| Income taxes | 67/77 | €748 | €2,927 | +€2,178 | +291% |
| Profit (loss) for the period | 9904 | €6,432 | €10,836 | +€4,404 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,432 | €10,836 | +€4,404 | +68.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.