UBM Belux: 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.
UBM Belux
Largest movements
- Receivables within one year -€216,621
down €216,621 (-50.8%), from €426,455 to €209,834
of which Trade receivables: -€215,741
- Cash +€44,398
up €44,398 (+46.5%), from €95,528 to €139,926
mainly Receivables within one year (+€216,621) and Net result for the year (+€41,450)
- Deferred charges and accrued income -€28,781
down €28,781 (-22.9%), from €125,621 to €96,840
- Trade debts -€221,505
down €221,505 (-63.2%), from €350,431 to €128,926
- Profit (loss) carried forward +€41,450
up €41,450 (+18.2%), from €227,641 to €269,091
- Tax, wage and social debts -€18,507
down €18,507 (-35.7%), from €51,832 to €33,324
- Financial income +€5,061
up €5,061 (+887%), from €571 to €5,632
- Gross operating margin -€2,769
down €2,769 (-4.7%), from €58,477 to €55,707
- Financial charges -€1,184
down €1,184 (-17.8%), from €6,654 to €5,470
- Taxes +€880
up €880 (+6.8%), from €13,020 to €13,900
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 | €647,604 | €446,600 | -€201,004 | -31.0% |
| Current assets | 29/58 | €647,604 | €446,600 | -€201,004 | -31.0% |
| Amounts receivable within one year | 40/41 | €426,455 | €209,834 | -€216,621 | -50.8% |
| Trade receivables | 40 | €424,475 | €208,734 | -€215,741 | -50.8% |
| Other amounts receivable | 41 | €1,980 | €1,100 | -€880 | -44.4% |
| Cash at bank and in hand | 54/58 | €95,528 | €139,926 | +€44,398 | +46.5% |
| Deferred charges and accrued income | 490/1 | €125,621 | €96,840 | -€28,781 | -22.9% |
| Total equity and liabilities | 10/49 | €647,604 | €446,600 | -€201,004 | -31.0% |
| Equity | 10/15 | €242,645 | €284,095 | +€41,450 | +17.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,605 | €2,605 | = | 0.0% |
| Distributable reserves | 133 | €2,605 | €2,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,641 | €269,091 | +€41,450 | +18.2% |
| Amounts payable | 17/49 | €404,958 | €162,505 | -€242,454 | -59.9% |
| Amounts payable within one year | 42/48 | €404,937 | €162,505 | -€242,432 | -59.9% |
| Trade debts | 44 | €350,431 | €128,926 | -€221,505 | -63.2% |
| Suppliers | 440/4 | €350,431 | €128,926 | -€221,505 | -63.2% |
| Advances received on contracts in progress | 46 | €2,420 | - | -€2,420 | |
| Taxes, remuneration and social security | 45 | €51,832 | €33,324 | -€18,507 | -35.7% |
| Taxes | 450/3 | €51,832 | €33,324 | -€18,507 | -35.7% |
| Other amounts payable | 47/48 | €254 | €254 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €22 | - | -€22 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €58,477 | €55,707 | -€2,769 | -4.7% |
| Operating profit (loss) | 9901 | €57,971 | €55,188 | -€2,784 | -4.8% |
| Financial income | 75/76B | €571 | €5,632 | +€5,061 | +887% |
| Recurring financial income | 75 | €571 | €5,632 | +€5,061 | +887% |
| Financial charges | 65/66B | €6,654 | €5,470 | -€1,184 | -17.8% |
| Recurring financial charges | 65 | €6,654 | €5,470 | -€1,184 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €51,888 | €55,350 | +€3,461 | +6.7% |
| Income taxes | 67/77 | €13,020 | €13,900 | +€880 | +6.8% |
| Profit (loss) for the period | 9904 | €38,869 | €41,450 | +€2,581 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,869 | €41,450 | +€2,581 | +6.6% |
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 16 October 2026 via checked.be.