Ubigo: 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.
Ubigo
Largest movements
- Current investments +€703,963
new in 2026: €703,963
- Cash -€604,434
down €604,434 (-82.4%), from €733,201 to €128,768
mainly Current investments (-€703,963) and Contributions, distributions and other (-€74,358)
- Receivables within one year +€20,020
up €20,020 (+1,382%), from €1,448 to €21,469
of which Trade receivables: +€18,383
- Tangible fixed assets -€10,841
down €10,841 (-67.9%), from €15,974 to €5,134
of which Furniture and vehicles: -€10,841
- Other debts +€83,191
up €83,191 (+33.5%), from €248,367 to €331,557
- Reserves +€28,323
up €28,323 (+4.7%), from €597,876 to €626,199
of which Distributable reserves: +€28,323
- Gross operating margin +€21,053
up €21,053 (+14.5%), from €145,287 to €166,340
- Financial charges +€6,075
up €6,075 (+43.0%), from €14,118 to €20,193
- Taxes +€4,850
up €4,850 (+13.1%), from €36,986 to €41,836
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,981 | €1,013,926 | +€111,945 | +12.4% |
| Fixed assets | 21/28 | €166,999 | €156,159 | -€10,841 | -6.5% |
| Tangible fixed assets | 22/27 | €15,974 | €5,134 | -€10,841 | -67.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €15,974 | €5,134 | -€10,841 | -67.9% |
| Financial fixed assets | 28 | €151,025 | €151,025 | = | 0.0% |
| Current assets | 29/58 | €734,982 | €857,768 | +€122,786 | +16.7% |
| Amounts receivable within one year | 40/41 | €1,448 | €21,469 | +€20,020 | +1,382% |
| Trade receivables | 40 | €1,002 | €19,386 | +€18,383 | +1,834% |
| Other amounts receivable | 41 | €446 | €2,083 | +€1,637 | +367% |
| Current investments | 50/53 | - | €703,963 | +€703,963 | |
| Cash at bank and in hand | 54/58 | €733,201 | €128,768 | -€604,434 | -82.4% |
| Deferred charges and accrued income | 490/1 | €332 | €3,568 | +€3,236 | +974% |
| Total equity and liabilities | 10/49 | €901,981 | €1,013,926 | +€111,945 | +12.4% |
| Equity | 10/15 | €637,876 | €666,199 | +€28,323 | +4.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €597,876 | €626,199 | +€28,323 | +4.7% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €593,876 | €622,199 | +€28,323 | +4.8% |
| Amounts payable | 17/49 | €264,105 | €347,727 | +€83,622 | +31.7% |
| Amounts payable within one year | 42/48 | €263,321 | €347,727 | +€84,406 | +32.1% |
| Trade debts | 44 | €7,877 | €1,492 | -€6,385 | -81.1% |
| Suppliers | 440/4 | €7,877 | €1,492 | -€6,385 | -81.1% |
| Taxes, remuneration and social security | 45 | €7,078 | €14,678 | +€7,600 | +107% |
| Taxes | 450/3 | €7,078 | €14,678 | +€7,600 | +107% |
| Other amounts payable | 47/48 | €248,367 | €331,557 | +€83,191 | +33.5% |
| Accrued charges and deferred income | 492/3 | €783 | - | -€783 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,841 | €10,841 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €597 | +€209 | +54.1% |
| Gross operating margin | 9900 | €145,287 | €166,340 | +€21,053 | +14.5% |
| Operating profit (loss) | 9901 | €134,059 | €154,902 | +€20,843 | +15.5% |
| Financial income | 75/76B | €9,182 | €9,807 | +€625 | +6.8% |
| Recurring financial income | 75 | €9,182 | €9,807 | +€625 | +6.8% |
| Financial charges | 65/66B | €14,118 | €20,193 | +€6,075 | +43.0% |
| Recurring financial charges | 65 | €14,118 | €20,193 | +€6,075 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €129,123 | €144,517 | +€15,394 | +11.9% |
| Income taxes | 67/77 | €36,986 | €41,836 | +€4,850 | +13.1% |
| Profit (loss) for the period | 9904 | €92,137 | €102,681 | +€10,543 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,137 | €102,681 | +€10,543 | +11.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.