UBEL IMMO: 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.
UBEL IMMO
Largest movements
- Tangible fixed assets -€13,075
down €13,075 (-5.5%), from €236,380 to €223,305
- Reserves +€20,000
new in 2025: €20,000
- Debts after one year -€16,012
down €16,012 (-9.0%), from €177,518 to €161,506
- Profit (loss) carried forward -€13,616
down €13,616 (-98.9%), from €13,762 to €145
- Taxes +€419
up €419 (+22.0%), from €1,905 to €2,324
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 | €263,079 | €251,552 | -€11,527 | -4.4% |
| Fixed assets | 21/28 | €236,380 | €223,305 | -€13,075 | -5.5% |
| Tangible fixed assets | 22/27 | €236,380 | €223,305 | -€13,075 | -5.5% |
| Land and buildings | 22 | €236,380 | €223,305 | -€13,075 | -5.5% |
| Current assets | 29/58 | €26,699 | €28,247 | +€1,548 | +5.8% |
| Cash at bank and in hand | 54/58 | €26,699 | €28,247 | +€1,548 | +5.8% |
| Total equity and liabilities | 10/49 | €263,079 | €251,552 | -€11,527 | -4.4% |
| Equity | 10/15 | €63,762 | €70,145 | +€6,384 | +10.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €13,762 | €145 | -€13,616 | -98.9% |
| Amounts payable | 17/49 | €199,317 | €181,406 | -€17,911 | -9.0% |
| Amounts payable after more than one year | 17 | €177,518 | €161,506 | -€16,012 | -9.0% |
| Financial debts | 170/4 | €177,518 | €161,506 | -€16,012 | -9.0% |
| Amounts payable within one year | 42/48 | €19,199 | €19,900 | +€701 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €15,746 | €16,012 | +€265 | +1.7% |
| Trade debts | 44 | €335 | €352 | +€17 | +5.0% |
| Suppliers | 440/4 | €335 | €352 | +€17 | +5.0% |
| Taxes, remuneration and social security | 45 | €1,905 | €2,324 | +€419 | +22.0% |
| Taxes | 450/3 | €1,905 | €2,324 | +€419 | +22.0% |
| Other amounts payable | 47/48 | €1,213 | €1,213 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,600 | - | -€2,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,075 | €13,075 | = | 0.0% |
| Other operating charges | 640/8 | €4,461 | €4,689 | +€228 | +5.1% |
| Gross operating margin | 9900 | €29,796 | €29,727 | -€69 | -0.2% |
| Operating profit (loss) | 9901 | €12,260 | €11,963 | -€297 | -2.4% |
| Financial charges | 65/66B | €3,522 | €3,256 | -€266 | -7.6% |
| Recurring financial charges | 65 | €3,522 | €3,256 | -€266 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €8,738 | €8,708 | -€31 | -0.4% |
| Income taxes | 67/77 | €1,905 | €2,324 | +€419 | +22.0% |
| Profit (loss) for the period | 9904 | €6,833 | €6,384 | -€450 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,833 | €6,384 | -€450 | -6.6% |
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 2 October 2026 via checked.be.