UBART: 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.
UBART
Largest movements
- Receivables within one year -€1,447
down €1,447 (-97.5%), from €1,485 to €38
of which Trade receivables: -€1,368
- Tangible fixed assets -€451
down €451 (-13.3%), from €3,386 to €2,935
- Deferred charges and accrued income +€321
up €321, from €0 to €321
- Cash -€99
down €99 (-7.6%), from €1,304 to €1,205
mainly Other debts (-€1,796) and Net result for the year (-€668)
- Other debts -€1,796
down €1,796 (-20.8%), from €8,654 to €6,858
- Trade debts +€789
up €789, from €0 to €789
- Profit (loss) carried forward -€668
down €668 (-16.0%), from -€4,180 to -€4,848
- Gross operating margin +€3,363
up €3,363, from -€2,969 to €394
- Other operating charges +€400
new in 2025: €400
- Depreciation +€122
up €122 (+37.1%), from €329 to €451
- Financial charges +€118
up €118 (+124.2%), from €95 to €212
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 | €6,175 | €4,499 | -€1,676 | -27.1% |
| Fixed assets | 21/28 | €3,386 | €2,935 | -€451 | -13.3% |
| Tangible fixed assets | 22/27 | €3,386 | €2,935 | -€451 | -13.3% |
| Furniture and vehicles | 24 | €3,386 | €2,935 | -€451 | -13.3% |
| Current assets | 29/58 | €2,789 | €1,564 | -€1,225 | -43.9% |
| Amounts receivable within one year | 40/41 | €1,485 | €38 | -€1,447 | -97.5% |
| Trade receivables | 40 | €1,406 | €38 | -€1,368 | -97.3% |
| Other amounts receivable | 41 | €79 | €0 | -€79 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,304 | €1,205 | -€99 | -7.6% |
| Deferred charges and accrued income | 490/1 | €0 | €321 | +€321 | |
| Total equity and liabilities | 10/49 | €6,175 | €4,499 | -€1,676 | -27.1% |
| Equity | 10/15 | -€2,580 | -€3,248 | -€668 | -25.9% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,180 | -€4,848 | -€668 | -16.0% |
| Amounts payable | 17/49 | €8,755 | €7,747 | -€1,008 | -11.5% |
| Amounts payable within one year | 42/48 | €8,755 | €7,747 | -€1,008 | -11.5% |
| Trade debts | 44 | €0 | €789 | +€789 | |
| Suppliers | 440/4 | €0 | €789 | +€789 | |
| Taxes, remuneration and social security | 45 | €101 | €100 | -€1 | -1.1% |
| Taxes | 450/3 | €101 | €100 | -€1 | -1.1% |
| Other amounts payable | 47/48 | €8,654 | €6,858 | -€1,796 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329 | €451 | +€122 | +37.1% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€2,969 | €394 | +€3,363 | |
| Operating profit (loss) | 9901 | -€3,298 | -€457 | +€2,842 | +86.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €95 | €212 | +€118 | +124.2% |
| Recurring financial charges | 65 | €95 | €212 | +€118 | +124.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,393 | -€668 | +€2,725 | +80.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,393 | -€668 | +€2,725 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,393 | -€668 | +€2,725 | +80.3% |
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 12 October 2026 via checked.be.