UBES: 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.
What changed
UBES
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.9m+€46,315
Equity
€14.2m
2024 · €12.5m+€1.7m
Cash
-
not filed
Balance sheet total
€16.2m
2024 · €14.6m+€1.6m
Largest movements
Assets
- Receivables within one year +€2.5m
up €2.5m (+204%), from €1.2m to €3.7m
of which Other amounts receivable: +€2.4m
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Stocks and contracts +€203,232
up €203,232 (+5.3%), from €3.8m to €4.0m
Equity and liabilities
- Reserves +€1.0m
up €1.0m (+13.3%), from €7.5m to €8.5m
of which Distributable reserves: +€1.0m
- Profit (loss) carried forward +€673,919
up €673,919 (+1,134%), from €59,425 to €733,343
- Other debts -€492,086
down €492,086 (-43.2%), from €1.1m to €647,161
- Trade debts +€297,281
up €297,281 (+51.5%), from €577,024 to €874,305
- Provisions +€200,000
new in 2025: €200,000
Income statement
- Goods and materials -€375,807
down €375,807 (-9.7%), from €3.9m to €3.5m
of which Change in stocks: decrease (increase): -€595,711
- Provisions +€200,000
new in 2025: €200,000
- Turnover +€105,308
up €105,308 (+1.1%), from €9.6m to €9.7m
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
€1.9m
Turnover
+€105,308
Other operating income
+€7,345
Goods and materials
+€375,807
Services and other goods
+€52,777
Staff costs
-€24,278
Depreciation
+€1,641
Provisions
-€200,000
Other operating charges
+€7,262
Other operating items
-€322,544
Financial income
-€7,962
Financial charges
-€565
Taxes
+€51,524
Result 2025
€2.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,619,659 | €16,209,179 | +€1.6m | +10.9% |
| Fixed assets | 21/28 | €8,562,112 | €8,508,525 | -€53,587 | -0.6% |
| Intangible fixed assets | 21 | €31,527 | €23,434 | -€8,093 | -25.7% |
| Tangible fixed assets | 22/27 | €895,096 | €849,603 | -€45,493 | -5.1% |
| Land and buildings | 22 | €233,445 | €200,565 | -€32,880 | -14.1% |
| Plant, machinery and equipment | 23 | €615,842 | €620,011 | +€4,169 | +0.7% |
| Furniture and vehicles | 24 | €45,808 | €29,027 | -€16,782 | -36.6% |
| Financial fixed assets | 28 | €7,635,488 | €7,635,488 | = | 0.0% |
| Affiliated companies | 280/1 | €7,635,488 | €7,635,488 | = | 0.0% |
| Participating interests | 280 | €7,635,488 | €7,635,488 | = | 0.0% |
| Current assets | 29/58 | €6,057,547 | €7,700,654 | +€1.6m | +27.1% |
| Stocks and contracts in progress | 3 | €3,831,942 | €4,035,174 | +€203,232 | +5.3% |
| Stocks | 30/36 | €3,831,942 | €4,035,174 | +€203,232 | +5.3% |
| Raw materials and consumables | 30/31 | €2,584,195 | €2,770,175 | +€185,980 | +7.2% |
| Finished goods | 33 | €1,247,747 | €1,264,999 | +€17,253 | +1.4% |
| Amounts receivable within one year | 40/41 | €1,203,522 | €3,654,093 | +€2.5m | +204% |
| Trade receivables | 40 | €15,651 | €102,163 | +€86,511 | +553% |
| Other amounts receivable | 41 | €1,187,870 | €3,551,931 | +€2.4m | +199% |
| Current investments | 50/53 | €1,010,786 | - | -€1.0m | |
| Other investments | 51/53 | €1,010,786 | - | -€1.0m | |
| Deferred charges and accrued income | 490/1 | €11,297 | €11,387 | +€89 | +0.8% |
| Total equity and liabilities | 10/49 | €14,619,659 | €16,209,179 | +€1.6m | +10.9% |
| Equity | 10/15 | €12,531,338 | €14,205,257 | +€1.7m | +13.4% |
| Contributions | 10/11 | €4,925,000 | €4,925,000 | = | 0.0% |
| Capital | 10 | €4,925,000 | €4,925,000 | = | 0.0% |
| Issued capital | 100 | €4,925,000 | €4,925,000 | = | 0.0% |
| Reserves | 13 | €7,546,913 | €8,546,913 | +€1.0m | +13.3% |
| Non-distributable reserves | 130/1 | €517,789 | €517,789 | = | 0.0% |
| Legal reserve | 130 | €517,789 | €517,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,125 | €29,125 | = | 0.0% |
| Distributable reserves | 133 | €7,000,000 | €8,000,000 | +€1.0m | +14.3% |
| Profit (loss) carried forward | 14 | €59,425 | €733,343 | +€673,919 | +1,134% |
| Provisions and deferred taxes | 16 | - | €200,000 | +€200,000 | |
| Provisions for liabilities and charges | 160/5 | - | €200,000 | +€200,000 | |
| Other liabilities and charges | 164/5 | - | €200,000 | +€200,000 | |
| Amounts payable | 17/49 | €2,088,321 | €1,803,922 | -€284,399 | -13.6% |
| Amounts payable within one year | 42/48 | €2,088,321 | €1,803,922 | -€284,399 | -13.6% |
| Trade debts | 44 | €577,024 | €874,305 | +€297,281 | +51.5% |
| Suppliers | 440/4 | €577,024 | €874,305 | +€297,281 | +51.5% |
| Taxes, remuneration and social security | 45 | €372,051 | €282,457 | -€89,594 | -24.1% |
| Taxes | 450/3 | €129,716 | €15,217 | -€114,499 | -88.3% |
| Remuneration and social security | 454/9 | €242,335 | €267,240 | +€24,905 | +10.3% |
| Other amounts payable | 47/48 | €1,139,246 | €647,161 | -€492,086 | -43.2% |
| Operating income | 70/76A | €10,008,451 | €9,798,561 | -€209,891 | -2.1% |
| Turnover | 70 | €9,625,606 | €9,730,915 | +€105,308 | +1.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €339,796 | €17,253 | -€322,544 | -94.9% |
| Other operating income | 74 | €43,049 | €50,393 | +€7,345 | +17.1% |
| Operating charges | 60/66A | €7,458,729 | €7,245,520 | -€213,209 | -2.9% |
| Goods for resale, raw materials and consumables | 60 | €3,858,629 | €3,482,822 | -€375,807 | -9.7% |
| Purchases | 600/8 | €3,448,897 | €3,668,801 | +€219,904 | +6.4% |
| Change in stocks: decrease (increase) | 609 | €409,731 | -€185,980 | -€595,711 | |
| Services and other goods | 61 | €1,316,440 | €1,263,663 | -€52,777 | -4.0% |
| Remuneration, social security and pensions | 62 | €2,076,712 | €2,100,989 | +€24,278 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,245 | €184,604 | -€1,641 | -0.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €200,000 | +€200,000 | |
| Other operating charges | 640/8 | €20,705 | €13,443 | -€7,262 | -35.1% |
| Operating profit (loss) | 9901 | €2,549,722 | €2,553,040 | +€3,318 | +0.1% |
| Financial income | 75/76B | €24,093 | €16,130 | -€7,962 | -33.0% |
| Recurring financial income | 75 | €24,093 | €16,130 | -€7,962 | -33.0% |
| Income from current assets | 751 | - | €13,779 | +€13,779 | |
| Other financial income | 752/9 | €24,093 | €2,351 | -€21,742 | -90.2% |
| Financial charges | 65/66B | €1,510 | €2,075 | +€565 | +37.4% |
| Recurring financial charges | 65 | €1,510 | €2,075 | +€565 | +37.4% |
| Other financial charges | 652/9 | €1,510 | €2,075 | +€565 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €2,572,304 | €2,567,096 | -€5,209 | -0.2% |
| Income taxes | 67/77 | €627,681 | €576,157 | -€51,524 | -8.2% |
| Taxes | 670/3 | €627,681 | €576,157 | -€51,524 | -8.2% |
| Profit (loss) for the period | 9904 | €1,944,624 | €1,990,939 | +€46,315 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,944,624 | €1,990,939 | +€46,315 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.