UBICUM: 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.
UBICUM
Largest movements
- Receivables within one year -€242,167
down €242,167 (-34.7%), from €698,009 to €455,842
of which Trade receivables: -€241,775
- Tangible fixed assets +€80,524
up €80,524 (+58.2%), from €138,399 to €218,923
of which Furniture and vehicles: +€82,705
- Receivables after one year -€36,665
down €36,665 (-78.2%), from €46,910 to €10,245
- Trade debts -€112,786
down €112,786 (-57.1%), from €197,467 to €84,681
- Tax, wage and social debts -€54,507
down €54,507 (-32.6%), from €167,209 to €112,701
of which Taxes: -€61,091
- Reserves -€45,699
down €45,699 (-19.1%), from €239,442 to €193,744
- Other debts -€44,777
down €44,777 (-69.7%), from €64,287 to €19,510
- Debts after one year +€39,347
up €39,347 (+15.4%), from €255,556 to €294,903
- Depreciation +€13,647
up €13,647 (+91.0%), from €14,990 to €28,636
- Financial charges +€11,607
up €11,607 (+85.4%), from €13,597 to €25,204
- Taxes -€6,646
down €6,646 (-33.5%), from €19,863 to €13,217
- Gross operating margin +€6,549
up €6,549 (+2.4%), from €272,690 to €279,240
- Staff costs +€3,756
up €3,756 (+2.0%), from €183,574 to €187,331
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 | €973,025 | €774,662 | -€198,364 | -20.4% |
| Fixed assets | 21/28 | €138,467 | €218,991 | +€80,524 | +58.2% |
| Tangible fixed assets | 22/27 | €138,399 | €218,923 | +€80,524 | +58.2% |
| Land and buildings | 22 | €116,280 | €114,664 | -€1,616 | -1.4% |
| Plant, machinery and equipment | 23 | €2,669 | €2,587 | -€82 | -3.1% |
| Furniture and vehicles | 24 | €15,184 | €97,888 | +€82,705 | +545% |
| Other tangible fixed assets | 26 | €4,267 | €3,785 | -€482 | -11.3% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €834,559 | €555,671 | -€278,888 | -33.4% |
| Amounts receivable after more than one year | 29 | €46,910 | €10,245 | -€36,665 | -78.2% |
| Other amounts receivable | 291 | €46,910 | €10,245 | -€36,665 | -78.2% |
| Stocks and contracts in progress | 3 | €80,187 | €74,447 | -€5,740 | -7.2% |
| Stocks | 30/36 | €80,187 | €74,447 | -€5,740 | -7.2% |
| Amounts receivable within one year | 40/41 | €698,009 | €455,842 | -€242,167 | -34.7% |
| Trade receivables | 40 | €507,617 | €265,842 | -€241,775 | -47.6% |
| Other amounts receivable | 41 | €190,392 | €190,000 | -€392 | -0.2% |
| Cash at bank and in hand | 54/58 | €1,071 | €632 | -€439 | -41.0% |
| Deferred charges and accrued income | 490/1 | €8,382 | €14,505 | +€6,122 | +73.0% |
| Total equity and liabilities | 10/49 | €973,025 | €774,662 | -€198,364 | -20.4% |
| Equity | 10/15 | €240,442 | €194,744 | -€45,699 | -19.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €239,442 | €193,744 | -€45,699 | -19.1% |
| Distributable reserves | 133 | €239,442 | €193,744 | -€45,699 | -19.1% |
| Amounts payable | 17/49 | €732,583 | €579,918 | -€152,665 | -20.8% |
| Amounts payable after more than one year | 17 | €255,556 | €294,903 | +€39,347 | +15.4% |
| Financial debts | 170/4 | €255,556 | €294,903 | +€39,347 | +15.4% |
| Amounts payable within one year | 42/48 | €476,449 | €282,220 | -€194,229 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | €9,748 | €28,761 | +€19,013 | +195% |
| Financial debts | 43 | €37,739 | €36,568 | -€1,171 | -3.1% |
| Credit institutions | 430/8 | €37,739 | €36,568 | -€1,171 | -3.1% |
| Trade debts | 44 | €197,467 | €84,681 | -€112,786 | -57.1% |
| Suppliers | 440/4 | €197,467 | €84,681 | -€112,786 | -57.1% |
| Taxes, remuneration and social security | 45 | €167,209 | €112,701 | -€54,507 | -32.6% |
| Taxes | 450/3 | €132,548 | €71,458 | -€61,091 | -46.1% |
| Remuneration and social security | 454/9 | €34,660 | €41,244 | +€6,583 | +19.0% |
| Other amounts payable | 47/48 | €64,287 | €19,510 | -€44,777 | -69.7% |
| Accrued charges and deferred income | 492/3 | €577 | €2,794 | +€2,217 | +384% |
| Non-recurring operating income | 76A | €5,627 | - | -€5,627 | |
| Remuneration, social security and pensions | 62 | €183,574 | €187,331 | +€3,756 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,990 | €28,636 | +€13,647 | +91.0% |
| Other operating charges | 640/8 | €2,952 | €2,716 | -€236 | -8.0% |
| Non-recurring operating charges | 66A | - | €175 | +€175 | |
| Gross operating margin | 9900 | €272,690 | €279,240 | +€6,549 | +2.4% |
| Operating profit (loss) | 9901 | €71,174 | €60,382 | -€10,793 | -15.2% |
| Financial income | 75/76B | €1,615 | €1,779 | +€164 | +10.1% |
| Recurring financial income | 75 | €1,615 | €1,779 | +€164 | +10.1% |
| Financial charges | 65/66B | €13,597 | €25,204 | +€11,607 | +85.4% |
| Recurring financial charges | 65 | €13,597 | €25,204 | +€11,607 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €59,192 | €36,956 | -€22,236 | -37.6% |
| Income taxes | 67/77 | €19,863 | €13,217 | -€6,646 | -33.5% |
| Profit (loss) for the period | 9904 | €39,329 | €23,739 | -€15,590 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,329 | €23,739 | -€15,590 | -39.6% |
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 25 October 2026 via checked.be.