UBACHS: what changed
Two financial 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.
UBACHS
Largest movements
- Stocks and contracts +€32,637
up €32,637 (+706%), from €4,626 to €37,263
- Intangible fixed assets -€18,476
down €18,476 (-34.4%), from €53,760 to €35,284
- Cash +€5,129
up €5,129 (+28.6%), from €17,915 to €23,044
mainly Net result for the year (+€25,679) and Depreciation (+€18,476)
- Receivables within one year -€3,430
down €3,430 (-39.4%), from €8,712 to €5,282
of which Trade receivables: -€4,212
- Profit (loss) carried forward +€25,679
up €25,679 (+124%), from €20,764 to €46,442
- Debts after one year -€16,264
down €16,264 (-54.4%), from €29,872 to €13,608
of which Financial debts: -€17,312
- Tax, wage and social debts +€4,469
up €4,469 (+82.0%), from €5,447 to €9,916
- Gross operating margin +€38,041
up €38,041 (+159%), from €23,950 to €61,991
- Depreciation +€8,434
up €8,434 (+84.0%), from €10,042 to €18,476
- Taxes +€8,148
up €8,148 (+461%), from €1,769 to €9,916
- Financial charges +€1,895
up €1,895 (+38.6%), from €4,915 to €6,810
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.
Derived cash bridge
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 | €85,093 | €100,874 | +€15,781 | +18.5% |
| Fixed assets | 21/28 | €53,760 | €35,284 | -€18,476 | -34.4% |
| Intangible fixed assets | 21 | €53,760 | €35,284 | -€18,476 | -34.4% |
| Current assets | 29/58 | €31,333 | €65,589 | +€34,257 | +109% |
| Stocks and contracts in progress | 3 | €4,626 | €37,263 | +€32,637 | +706% |
| Stocks | 30/36 | €4,626 | €37,263 | +€32,637 | +706% |
| Amounts receivable within one year | 40/41 | €8,712 | €5,282 | -€3,430 | -39.4% |
| Trade receivables | 40 | €6,616 | €2,404 | -€4,212 | -63.7% |
| Other amounts receivable | 41 | €2,096 | €2,878 | +€782 | +37.3% |
| Cash at bank and in hand | 54/58 | €17,915 | €23,044 | +€5,129 | +28.6% |
| Deferred charges and accrued income | 490/1 | €81 | - | -€81 | |
| Total equity and liabilities | 10/49 | €85,093 | €100,874 | +€15,781 | +18.5% |
| Equity | 10/15 | €23,764 | €49,442 | +€25,679 | +108% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,764 | €46,442 | +€25,679 | +124% |
| Amounts payable | 17/49 | €61,329 | €51,431 | -€9,898 | -16.1% |
| Amounts payable after more than one year | 17 | €29,872 | €13,608 | -€16,264 | -54.4% |
| Financial debts | 170/4 | €24,567 | €7,255 | -€17,312 | -70.5% |
| Other amounts payable | 178/9 | €5,305 | €6,353 | +€1,048 | +19.7% |
| Amounts payable within one year | 42/48 | €31,457 | €37,823 | +€6,366 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €16,420 | €17,312 | +€892 | +5.4% |
| Trade debts | 44 | €9,590 | €10,595 | +€1,005 | +10.5% |
| Suppliers | 440/4 | €9,590 | €10,595 | +€1,005 | +10.5% |
| Taxes, remuneration and social security | 45 | €5,447 | €9,916 | +€4,469 | +82.0% |
| Taxes | 450/3 | €5,447 | €9,916 | +€4,469 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,042 | €18,476 | +€8,434 | +84.0% |
| Other operating charges | 640/8 | €1,063 | €1,118 | +€55 | +5.2% |
| Gross operating margin | 9900 | €23,950 | €61,991 | +€38,041 | +159% |
| Operating profit (loss) | 9901 | €12,845 | €42,397 | +€29,552 | +230% |
| Financial income | 75/76B | €9 | €8 | -€1 | -10.8% |
| Recurring financial income | 75 | €9 | €8 | -€1 | -10.8% |
| Financial charges | 65/66B | €4,915 | €6,810 | +€1,895 | +38.6% |
| Recurring financial charges | 65 | €4,915 | €6,810 | +€1,895 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €7,940 | €35,595 | +€27,655 | +348% |
| Income taxes | 67/77 | €1,769 | €9,916 | +€8,148 | +461% |
| Profit (loss) for the period | 9904 | €6,171 | €25,679 | +€19,508 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €6,171 | €25,679 | +€19,508 | +316% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.