UBBINK: 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.
What changed
UBBINK
NACE 46.842, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€59,829
2024 · €121,256-€61,427
Equity
€4.7m
2024 · €4.7m+€59,829
Cash
€1.6m
2024 · €1.2m+€370,639
Balance sheet total
€5.8m
2024 · €5.7m+€96,821
Largest movements
Assets
- Cash +€370,639
up €370,639 (+31.4%), from €1.2m to €1.6m
mainly Stocks and contracts (+€252,302) and Depreciation (+€142,556)
- Stocks and contracts -€252,302
down €252,302 (-16.4%), from €1.5m to €1.3m
- Receivables after one year +€81,619
up €81,619 (+238.0%), from €34,301 to €115,920
- Receivables within one year -€60,001
down €60,001 (-5.2%), from €1.1m to €1.1m
of which Trade receivables: -€132,834
Equity and liabilities
- Tax, wage and social debts +€111,951
up €111,951 (+33.6%), from €333,460 to €445,411
of which Taxes: +€96,523
- Trade debts -€62,324
down €62,324 (-9.7%), from €642,686 to €580,363
- Reserves +€59,829
up €59,829 (+1.5%), from €4.1m to €4.1m
of which Distributable reserves: +€68,602
Income statement
- Goods and materials -€515,140
down €515,140 (-5.7%), from €9.1m to €8.6m
of which Purchases: -€507,169
- Turnover -€429,722
down €429,722 (-3.1%), from €13.9m to €13.4m
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.
Result 2024
€121,256
Turnover
-€429,722
Other operating income
-€22,267
Goods and materials
+€515,140
Services and other goods
+€22,380
Staff costs
-€111,462
Depreciation
+€4,972
Write-downs
+€65,751
Provisions
-€48,149
Other operating charges
-€26,451
Financial income
-€14,259
Financial charges
-€23,303
Taxes
+€5,943
Result 2025
€59,829
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.
From operations
+€478,397
Investment
-€107,758
Financing
€0
Cash 2024
€1.2m
From operations (derived)
+€478,397
Net result for the year
+€59,829
Depreciation
+€142,556
Receivables after one year
-€81,619
Stocks and contracts
+€252,302
Receivables within one year
+€60,001
Deferred charges and accrued income
+€8,336
Provisions
-€4,518
Trade debts
-€62,324
Tax, wage and social debts
+€111,951
Other debts
-€7,903
Accrued charges and deferred income
-€215
Investment (derived)
-€107,758
Investment in fixed assets (net)
-€107,758
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,724,697 | €5,821,518 | +€96,821 | +1.7% |
| Fixed assets | 21/28 | €1,780,508 | €1,745,709 | -€34,799 | -2.0% |
| Tangible fixed assets | 22/27 | €1,780,030 | €1,745,231 | -€34,799 | -2.0% |
| Land and buildings | 22 | €1,529,052 | €1,535,519 | +€6,467 | +0.4% |
| Plant, machinery and equipment | 23 | €92,658 | €99,624 | +€6,966 | +7.5% |
| Furniture and vehicles | 24 | €158,320 | €110,088 | -€48,232 | -30.5% |
| Financial fixed assets | 28 | €478 | €478 | = | 0.0% |
| Other financial fixed assets | 284/8 | €478 | €478 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €478 | €478 | = | 0.0% |
| Current assets | 29/58 | €3,944,189 | €4,075,809 | +€131,619 | +3.3% |
| Amounts receivable after more than one year | 29 | €34,301 | €115,920 | +€81,619 | +238.0% |
| Other amounts receivable | 291 | €34,301 | €115,920 | +€81,619 | +238.0% |
| Stocks and contracts in progress | 3 | €1,535,131 | €1,282,828 | -€252,302 | -16.4% |
| Stocks | 30/36 | €1,535,131 | €1,282,828 | -€252,302 | -16.4% |
| Goods purchased for resale | 34 | €1,535,131 | €1,282,828 | -€252,302 | -16.4% |
| Amounts receivable within one year | 40/41 | €1,146,206 | €1,086,205 | -€60,001 | -5.2% |
| Trade receivables | 40 | €1,028,589 | €895,755 | -€132,834 | -12.9% |
| Other amounts receivable | 41 | €117,617 | €190,450 | +€72,833 | +61.9% |
| Cash at bank and in hand | 54/58 | €1,180,058 | €1,550,697 | +€370,639 | +31.4% |
| Deferred charges and accrued income | 490/1 | €48,494 | €40,158 | -€8,336 | -17.2% |
| Total equity and liabilities | 10/49 | €5,724,697 | €5,821,518 | +€96,821 | +1.7% |
| Equity | 10/15 | €4,668,699 | €4,728,528 | +€59,829 | +1.3% |
| Contributions | 10/11 | €540,060 | €540,060 | = | 0.0% |
| Capital | 10 | €540,060 | €540,060 | = | 0.0% |
| Issued capital | 100 | €592,117 | €592,117 | = | 0.0% |
| Uncalled capital | 101 | €52,058 | €52,058 | = | 0.0% |
| Reserves | 13 | €4,068,634 | €4,128,463 | +€59,829 | +1.5% |
| Non-distributable reserves | 130/1 | €61,691 | €61,691 | = | 0.0% |
| Legal reserve | 130 | €59,212 | €59,212 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €132,968 | €124,194 | -€8,774 | -6.6% |
| Distributable reserves | 133 | €3,873,975 | €3,942,578 | +€68,602 | +1.8% |
| Profit (loss) carried forward | 14 | €60,005 | €60,005 | = | 0.0% |
| Provisions and deferred taxes | 16 | €58,324 | €53,806 | -€4,518 | -7.7% |
| Deferred taxes | 168 | €58,324 | €53,806 | -€4,518 | -7.7% |
| Amounts payable | 17/49 | €997,675 | €1,039,184 | +€41,510 | +4.2% |
| Amounts payable within one year | 42/48 | €997,460 | €1,039,184 | +€41,724 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €13,410 | €13,410 | = | 0.0% |
| Trade debts | 44 | €642,686 | €580,363 | -€62,324 | -9.7% |
| Suppliers | 440/4 | €642,686 | €580,363 | -€62,324 | -9.7% |
| Taxes, remuneration and social security | 45 | €333,460 | €445,411 | +€111,951 | +33.6% |
| Taxes | 450/3 | €107,360 | €203,882 | +€96,523 | +89.9% |
| Remuneration and social security | 454/9 | €226,101 | €241,529 | +€15,428 | +6.8% |
| Other amounts payable | 47/48 | €7,903 | - | -€7,903 | |
| Accrued charges and deferred income | 492/3 | €215 | - | -€215 | |
| Operating income | 70/76A | €14,201,367 | €13,749,378 | -€451,988 | -3.2% |
| Turnover | 70 | €13,877,352 | €13,447,630 | -€429,722 | -3.1% |
| Other operating income | 74 | €324,015 | €301,748 | -€22,267 | -6.9% |
| Operating charges | 60/66A | €13,750,383 | €13,328,203 | -€422,181 | -3.1% |
| Goods for resale, raw materials and consumables | 60 | €9,105,517 | €8,590,377 | -€515,140 | -5.7% |
| Purchases | 600/8 | €8,827,214 | €8,320,045 | -€507,169 | -5.7% |
| Change in stocks: decrease (increase) | 609 | €278,303 | €270,332 | -€7,971 | -2.9% |
| Services and other goods | 61 | €2,373,472 | €2,351,093 | -€22,380 | -0.9% |
| Remuneration, social security and pensions | 62 | €2,029,551 | €2,141,014 | +€111,462 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,528 | €142,556 | -€4,972 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €47,721 | -€18,030 | -€65,751 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€48,149 | - | +€48,149 | |
| Other operating charges | 640/8 | €94,743 | €121,193 | +€26,451 | +27.9% |
| Operating profit (loss) | 9901 | €450,983 | €421,176 | -€29,808 | -6.6% |
| Financial income | 75/76B | €14,259 | - | -€14,259 | |
| Recurring financial income | 75 | €14,259 | - | -€14,259 | |
| Income from current assets | 751 | €14,086 | - | -€14,086 | |
| Other financial income | 752/9 | €173 | - | -€173 | |
| Financial charges | 65/66B | €298,393 | €321,696 | +€23,303 | +7.8% |
| Recurring financial charges | 65 | €298,393 | €321,696 | +€23,303 | +7.8% |
| Debt charges | 650 | €5,473 | €8,117 | +€2,644 | +48.3% |
| Other financial charges | 652/9 | €292,920 | €313,579 | +€20,660 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €166,849 | €99,479 | -€67,370 | -40.4% |
| Transfer from deferred taxes | 780 | €4,518 | €4,518 | = | 0.0% |
| Income taxes | 67/77 | €50,111 | €44,168 | -€5,943 | -11.9% |
| Taxes | 670/3 | €102,397 | €52,513 | -€49,884 | -48.7% |
| Tax adjustments and reversals of tax provisions | 77 | €52,286 | €8,345 | -€43,941 | -84.0% |
| Profit (loss) for the period | 9904 | €121,256 | €59,829 | -€61,427 | -50.7% |
| Transfer from tax-exempt reserves | 789 | €8,774 | €8,774 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,029 | €68,602 | -€61,427 | -47.2% |
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 30 September 2026 via checked.be.