UBERRIMA FIDES: 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.
UBERRIMA FIDES
Largest movements
- Receivables within one year +€39,028
up €39,028 (+22.5%), from €173,730 to €212,757
of which Other amounts receivable: +€47,822
- Financial fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Tangible fixed assets -€9,860
down €9,860 (-12.0%), from €82,494 to €72,634
of which Other tangible fixed assets: -€9,960
- Cash +€8,415
up €8,415 (+219%), from €3,850 to €12,265
mainly Net result for the year (+€158,473) and Depreciation (+€12,575)
- Deferred charges and accrued income +€5,990
up €5,990 (+69.2%), from €8,653 to €14,643
- Profit (loss) carried forward +€158,473
new in 2025: €158,473
- Other debts -€111,896
down €111,896 (-96.6%), from €115,888 to €3,992
- Debts after one year -€8,499
down €8,499 (-10.5%), from €80,637 to €72,138
- Gross operating margin +€49,196
up €49,196 (+36.0%), from €136,556 to €185,753
- Depreciation +€6,802
up €6,802 (+118%), from €5,774 to €12,575
- Taxes -€4,311
down €4,311 (-20.0%), from €21,571 to €17,260
- Financial income +€4,160
up €4,160 (+74.2%), from €5,604 to €9,765
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 | €278,726 | €313,384 | +€34,658 | +12.4% |
| Fixed assets | 21/28 | €92,494 | €73,719 | -€18,775 | -20.3% |
| Intangible fixed assets | 21 | - | €1,085 | +€1,085 | |
| Tangible fixed assets | 22/27 | €82,494 | €72,634 | -€9,860 | -12.0% |
| Plant, machinery and equipment | 23 | - | €681 | +€681 | |
| Furniture and vehicles | 24 | €666 | €86 | -€580 | -87.1% |
| Other tangible fixed assets | 26 | €81,828 | €71,868 | -€9,960 | -12.2% |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €186,233 | €239,665 | +€53,432 | +28.7% |
| Amounts receivable within one year | 40/41 | €173,730 | €212,757 | +€39,028 | +22.5% |
| Trade receivables | 40 | €41,578 | €32,784 | -€8,794 | -21.2% |
| Other amounts receivable | 41 | €132,152 | €179,974 | +€47,822 | +36.2% |
| Cash at bank and in hand | 54/58 | €3,850 | €12,265 | +€8,415 | +219% |
| Deferred charges and accrued income | 490/1 | €8,653 | €14,643 | +€5,990 | +69.2% |
| Total equity and liabilities | 10/49 | €278,726 | €313,384 | +€34,658 | +12.4% |
| Equity | 10/15 | €40,000 | €198,473 | +€158,473 | +396% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €158,473 | +€158,473 | |
| Amounts payable | 17/49 | €238,726 | €114,911 | -€123,815 | -51.9% |
| Amounts payable after more than one year | 17 | €80,637 | €72,138 | -€8,499 | -10.5% |
| Financial debts | 170/4 | €80,637 | €72,138 | -€8,499 | -10.5% |
| Amounts payable within one year | 42/48 | €152,867 | €39,497 | -€113,370 | -74.2% |
| Current portion of amounts payable after more than one year | 42 | €8,388 | €8,499 | +€110 | +1.3% |
| Financial debts | 43 | - | €114 | +€114 | |
| Credit institutions | 430/8 | - | €114 | +€114 | |
| Trade debts | 44 | €11,378 | €12,733 | +€1,355 | +11.9% |
| Suppliers | 440/4 | €11,378 | €12,733 | +€1,355 | +11.9% |
| Taxes, remuneration and social security | 45 | €17,213 | €14,159 | -€3,054 | -17.7% |
| Taxes | 450/3 | €17,213 | €14,159 | -€3,054 | -17.7% |
| Other amounts payable | 47/48 | €115,888 | €3,992 | -€111,896 | -96.6% |
| Accrued charges and deferred income | 492/3 | €5,223 | €3,276 | -€1,947 | -37.3% |
| Non-recurring operating income | 76A | - | €101,000 | +€101,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,774 | €12,575 | +€6,802 | +118% |
| Other operating charges | 640/8 | €1,021 | €1,112 | +€91 | +8.9% |
| Gross operating margin | 9900 | €136,556 | €185,753 | +€49,196 | +36.0% |
| Operating profit (loss) | 9901 | €129,762 | €172,065 | +€42,303 | +32.6% |
| Financial income | 75/76B | €5,604 | €9,765 | +€4,160 | +74.2% |
| Recurring financial income | 75 | €5,604 | €9,765 | +€4,160 | +74.2% |
| Financial charges | 65/66B | €7,553 | €6,097 | -€1,455 | -19.3% |
| Recurring financial charges | 65 | €7,553 | €6,097 | -€1,455 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €127,814 | €175,733 | +€47,919 | +37.5% |
| Income taxes | 67/77 | €21,571 | €17,260 | -€4,311 | -20.0% |
| Profit (loss) for the period | 9904 | €106,243 | €158,473 | +€52,230 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,243 | €158,473 | +€52,230 | +49.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.