UBAC: 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.
UBAC
Largest movements
- Tangible fixed assets +€52,653
up €52,653 (+748.0%), from €7,039 to €59,691
- Cash -€21,233
down €21,233 (-25.3%), from €84,001 to €62,768
mainly Contributions, distributions and other (-€97,000) and Investment in fixed assets (net) (-€56,381)
- Deferred charges and accrued income +€8,671
up €8,671 (+1214.0%), from €714 to €9,385
- Profit (loss) carried forward -€52,213
down €52,213 (-52.1%), from €100,199 to €47,986
- Other debts +€50,000
new in 2025: €50,000
- Debts after one year +€32,161
new in 2025: €32,161
- Current portion of long-term debt +€10,608
new in 2025: €10,608
- Tax, wage and social debts -€2,152
down €2,152 (-22.7%), from €9,464 to €7,312
of which Taxes: -€2,152
- Gross operating margin +€11,330
up €11,330 (+21.1%), from €53,696 to €65,026
- Other operating charges +€2,450
up €2,450 (+632.6%), from €387 to €2,838
- Taxes +€1,725
up €1,725 (+15.0%), from €11,508 to €13,233
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 | €112,335 | €153,221 | +€40,886 | +36.4% |
| Fixed assets | 21/28 | €7,039 | €59,691 | +€52,653 | +748.0% |
| Tangible fixed assets | 22/27 | €7,039 | €59,691 | +€52,653 | +748.0% |
| Furniture and vehicles | 24 | €7,039 | €59,691 | +€52,653 | +748.0% |
| Current assets | 29/58 | €105,296 | €93,530 | -€11,767 | -11.2% |
| Amounts receivable within one year | 40/41 | €20,581 | €21,377 | +€796 | +3.9% |
| Trade receivables | 40 | €20,581 | €20,610 | +€29 | +0.1% |
| Other amounts receivable | 41 | - | €767 | +€767 | |
| Cash at bank and in hand | 54/58 | €84,001 | €62,768 | -€21,233 | -25.3% |
| Deferred charges and accrued income | 490/1 | €714 | €9,385 | +€8,671 | +1214.0% |
| Total equity and liabilities | 10/49 | €112,335 | €153,221 | +€40,886 | +36.4% |
| Equity | 10/15 | €102,199 | €49,986 | -€52,213 | -51.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,199 | €47,986 | -€52,213 | -52.1% |
| Amounts payable | 17/49 | €10,136 | €103,235 | +€93,099 | +918.5% |
| Amounts payable after more than one year | 17 | - | €32,161 | +€32,161 | |
| Financial debts | 170/4 | - | €32,161 | +€32,161 | |
| Amounts payable within one year | 42/48 | €10,136 | €69,740 | +€59,604 | +588.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,608 | +€10,608 | |
| Financial debts | 43 | €138 | €1,061 | +€923 | +668.5% |
| Credit institutions | 430/8 | €138 | €1,061 | +€923 | +668.5% |
| Trade debts | 44 | €534 | €758 | +€225 | +42.1% |
| Suppliers | 440/4 | €534 | €758 | +€225 | +42.1% |
| Taxes, remuneration and social security | 45 | €9,464 | €7,312 | -€2,152 | -22.7% |
| Taxes | 450/3 | €6,564 | €4,412 | -€2,152 | -32.8% |
| Remuneration and social security | 454/9 | €2,900 | €2,900 | = | 0.0% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,335 | +€1,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,530 | €3,729 | +€199 | +5.6% |
| Other operating charges | 640/8 | €387 | €2,838 | +€2,450 | +632.6% |
| Gross operating margin | 9900 | €53,696 | €65,026 | +€11,330 | +21.1% |
| Operating profit (loss) | 9901 | €49,779 | €58,460 | +€8,681 | +17.4% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €93 | €440 | +€347 | +372.6% |
| Recurring financial charges | 65 | €93 | €440 | +€347 | +372.6% |
| Profit (loss) for the period before taxes | 9903 | €49,722 | €58,020 | +€8,298 | +16.7% |
| Income taxes | 67/77 | €11,508 | €13,233 | +€1,725 | +15.0% |
| Profit (loss) for the period | 9904 | €38,214 | €44,787 | +€6,573 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,214 | €44,787 | +€6,573 | +17.2% |
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 8 October 2026 via checked.be.