UBILEX: 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.
UBILEX
Largest movements
- Receivables within one year -€27,315
down €27,315 (-25.4%), from €107,421 to €80,106
of which Trade receivables: -€35,389
- Cash +€17,554
up €17,554 (+36.1%), from €48,561 to €66,115
mainly Net result for the year (+€42,598) and Receivables within one year (+€27,315)
- Tangible fixed assets -€5,131
down €5,131 (-55.0%), from €9,329 to €4,197
- Reserves -€32,402
down €32,402 (-58.9%), from €55,035 to €22,633
- Other debts +€14,707
up €14,707 (+23.3%), from €63,015 to €77,722
- Tax, wage and social debts +€5,473
up €5,473 (+27.7%), from €19,745 to €25,217
- Trade debts -€2,538
down €2,538 (-26.5%), from €9,561 to €7,023
- Staff costs -€29,002
down €29,002, from €28,941 to -€62
- Gross operating margin -€11,036
down €11,036 (-14.0%), from €78,682 to €67,646
- Taxes +€9,005
up €9,005 (+82.3%), from €10,944 to €19,950
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 | €165,956 | €152,616 | -€13,340 | -8.0% |
| Fixed assets | 21/28 | €9,329 | €4,197 | -€5,131 | -55.0% |
| Tangible fixed assets | 22/27 | €9,329 | €4,197 | -€5,131 | -55.0% |
| Furniture and vehicles | 24 | €9,329 | €4,197 | -€5,131 | -55.0% |
| Current assets | 29/58 | €156,627 | €148,419 | -€8,208 | -5.2% |
| Amounts receivable within one year | 40/41 | €107,421 | €80,106 | -€27,315 | -25.4% |
| Trade receivables | 40 | €101,197 | €65,808 | -€35,389 | -35.0% |
| Other amounts receivable | 41 | €6,224 | €14,298 | +€8,074 | +130% |
| Cash at bank and in hand | 54/58 | €48,561 | €66,115 | +€17,554 | +36.1% |
| Deferred charges and accrued income | 490/1 | €646 | €2,198 | +€1,553 | +241% |
| Total equity and liabilities | 10/49 | €165,956 | €152,616 | -€13,340 | -8.0% |
| Equity | 10/15 | €73,635 | €41,233 | -€32,402 | -44.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,035 | €22,633 | -€32,402 | -58.9% |
| Distributable reserves | 133 | €55,035 | €22,633 | -€32,402 | -58.9% |
| Amounts payable | 17/49 | €92,321 | €111,383 | +€19,063 | +20.6% |
| Amounts payable within one year | 42/48 | €92,321 | €109,962 | +€17,642 | +19.1% |
| Trade debts | 44 | €9,561 | €7,023 | -€2,538 | -26.5% |
| Suppliers | 440/4 | €9,561 | €7,023 | -€2,538 | -26.5% |
| Taxes, remuneration and social security | 45 | €19,745 | €25,217 | +€5,473 | +27.7% |
| Taxes | 450/3 | €19,745 | €25,217 | +€5,473 | +27.7% |
| Other amounts payable | 47/48 | €63,015 | €77,722 | +€14,707 | +23.3% |
| Accrued charges and deferred income | 492/3 | - | €1,421 | +€1,421 | |
| Remuneration, social security and pensions | 62 | €28,941 | -€62 | -€29,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,131 | €5,131 | = | 0.0% |
| Other operating charges | 640/8 | €834 | €660 | -€175 | -20.9% |
| Gross operating margin | 9900 | €78,682 | €67,646 | -€11,036 | -14.0% |
| Operating profit (loss) | 9901 | €43,775 | €61,916 | +€18,141 | +41.4% |
| Financial income | 75/76B | €63 | €786 | +€723 | +1,157% |
| Recurring financial income | 75 | €63 | €786 | +€723 | +1,157% |
| Financial charges | 65/66B | €43 | €155 | +€112 | +260% |
| Recurring financial charges | 65 | €43 | €155 | +€112 | +260% |
| Profit (loss) for the period before taxes | 9903 | €43,795 | €62,547 | +€18,753 | +42.8% |
| Income taxes | 67/77 | €10,944 | €19,950 | +€9,005 | +82.3% |
| Profit (loss) for the period | 9904 | €32,850 | €42,598 | +€9,747 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,850 | €42,598 | +€9,747 | +29.7% |
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.