UBALUCY: 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.
UBALUCY
Largest movements
- Tangible fixed assets -€20,277
down €20,277 (-4.0%), from €511,752 to €491,476
- Cash -€13,611
down €13,611 (-29.2%), from €46,635 to €33,024
mainly Debts after one year (-€31,495) and Trade debts (-€5,321)
- Debts after one year -€31,495
down €31,495 (-5.5%), from €573,652 to €542,157
of which Financial debts: -€38,495
- Gross operating margin +€6,865
up €6,865 (+19.1%), from €35,944 to €42,809
- Financial charges -€1,146
down €1,146 (-4.9%), from €23,177 to €22,032
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 | €572,782 | €533,447 | -€39,334 | -6.9% |
| Fixed assets | 21/28 | €512,252 | €491,976 | -€20,277 | -4.0% |
| Tangible fixed assets | 22/27 | €511,752 | €491,476 | -€20,277 | -4.0% |
| Land and buildings | 22 | €511,752 | €491,476 | -€20,277 | -4.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €60,530 | €41,472 | -€19,058 | -31.5% |
| Stocks and contracts in progress | 3 | €7,570 | €6,951 | -€619 | -8.2% |
| Stocks | 30/36 | €7,570 | €6,951 | -€619 | -8.2% |
| Amounts receivable within one year | 40/41 | €5,247 | €405 | -€4,842 | -92.3% |
| Trade receivables | 40 | €5,241 | €405 | -€4,836 | -92.3% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €46,635 | €33,024 | -€13,611 | -29.2% |
| Deferred charges and accrued income | 490/1 | €1,078 | €1,093 | +€14 | +1.3% |
| Total equity and liabilities | 10/49 | €572,782 | €533,447 | -€39,334 | -6.9% |
| Equity | 10/15 | -€140,678 | -€144,540 | -€3,862 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,278 | -€163,140 | -€3,862 | -2.4% |
| Amounts payable | 17/49 | €713,459 | €677,987 | -€35,472 | -5.0% |
| Amounts payable after more than one year | 17 | €573,652 | €542,157 | -€31,495 | -5.5% |
| Financial debts | 170/4 | €573,652 | €535,157 | -€38,495 | -6.7% |
| Other amounts payable | 178/9 | - | €7,000 | +€7,000 | |
| Amounts payable within one year | 42/48 | €139,808 | €135,830 | -€3,977 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €37,208 | €38,495 | +€1,286 | +3.5% |
| Trade debts | 44 | €5,321 | - | -€5,321 | |
| Suppliers | 440/4 | €5,321 | - | -€5,321 | |
| Other amounts payable | 47/48 | €97,278 | €97,335 | +€58 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,277 | €20,277 | = | 0.0% |
| Other operating charges | 640/8 | €4,057 | €4,363 | +€306 | +7.5% |
| Gross operating margin | 9900 | €35,944 | €42,809 | +€6,865 | +19.1% |
| Operating profit (loss) | 9901 | €11,610 | €18,169 | +€6,559 | +56.5% |
| Financial income | 75/76B | €5 | €0 | -€5 | -95.4% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -95.4% |
| Financial charges | 65/66B | €23,177 | €22,032 | -€1,146 | -4.9% |
| Recurring financial charges | 65 | €23,177 | €22,032 | -€1,146 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,562 | -€3,862 | +€7,700 | +66.6% |
| Profit (loss) for the period | 9904 | -€11,562 | -€3,862 | +€7,700 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,562 | -€3,862 | +€7,700 | +66.6% |
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.