UBM Tech: 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 Tech
Largest movements
- Cash +€166,964
up €166,964 (+1403.4%), from €11,897 to €178,862
mainly Other debts (+€155,584) and Net result for the year (+€126,945)
- Receivables within one year -€124,200
down €124,200 (-35.1%), from €353,487 to €229,288
of which Trade receivables: -€104,129
- Other debts +€155,584
new in 2025: €155,584
- Reserves -€65,992
down €65,992 (-14.8%), from €446,211 to €380,218
- Debts after one year -€52,681
down €52,681 (-47.4%), from €111,164 to €58,483
- Current portion of long-term debt -€14,474
down €14,474 (-16.1%), from €89,891 to €75,416
- Tax, wage and social debts +€13,565
up €13,565 (+41.2%), from €32,921 to €46,486
of which Taxes: +€9,667
- Gross operating margin +€72,587
up €72,587 (+8.2%), from €887,007 to €959,594
- Staff costs +€70,454
up €70,454 (+11.5%), from €610,084 to €680,538
- Financial charges -€32,611
down €32,611 (-79.5%), from €41,020 to €8,409
of which Non-recurring financial charges: -€27,726
- Taxes -€20,649
down €20,649 (-30.2%), from €68,276 to €47,628
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.
Cash bridge derived
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 | €701,783 | €751,151 | +€49,368 | +7.0% |
| Fixed assets | 21/28 | €333,749 | €340,951 | +€7,202 | +2.2% |
| Tangible fixed assets | 22/27 | €325,384 | €332,586 | +€7,202 | +2.2% |
| Plant, machinery and equipment | 23 | €92,330 | €102,493 | +€10,163 | +11.0% |
| Furniture and vehicles | 24 | €218,725 | €213,163 | -€5,562 | -2.5% |
| Other tangible fixed assets | 26 | €14,329 | €16,930 | +€2,601 | +18.2% |
| Financial fixed assets | 28 | €8,365 | €8,365 | = | 0.0% |
| Current assets | 29/58 | €368,035 | €410,201 | +€42,166 | +11.5% |
| Amounts receivable within one year | 40/41 | €353,487 | €229,288 | -€124,200 | -35.1% |
| Trade receivables | 40 | €300,591 | €196,462 | -€104,129 | -34.6% |
| Other amounts receivable | 41 | €52,896 | €32,826 | -€20,070 | -37.9% |
| Cash at bank and in hand | 54/58 | €11,897 | €178,862 | +€166,964 | +1403.4% |
| Deferred charges and accrued income | 490/1 | €2,650 | €2,051 | -€599 | -22.6% |
| Total equity and liabilities | 10/49 | €701,783 | €751,151 | +€49,368 | +7.0% |
| Equity | 10/15 | €446,311 | €380,318 | -€65,992 | -14.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €446,211 | €380,218 | -€65,992 | -14.8% |
| Distributable reserves | 133 | €446,211 | €380,218 | -€65,992 | -14.8% |
| Amounts payable | 17/49 | €255,473 | €370,833 | +€115,360 | +45.2% |
| Amounts payable after more than one year | 17 | €111,164 | €58,483 | -€52,681 | -47.4% |
| Financial debts | 170/4 | €111,164 | €58,483 | -€52,681 | -47.4% |
| Amounts payable within one year | 42/48 | €144,309 | €312,350 | +€168,041 | +116.4% |
| Current portion of amounts payable after more than one year | 42 | €89,891 | €75,416 | -€14,474 | -16.1% |
| Trade debts | 44 | €21,497 | €34,864 | +€13,366 | +62.2% |
| Suppliers | 440/4 | €21,497 | €34,864 | +€13,366 | +62.2% |
| Taxes, remuneration and social security | 45 | €32,921 | €46,486 | +€13,565 | +41.2% |
| Taxes | 450/3 | €10,934 | €20,601 | +€9,667 | +88.4% |
| Remuneration and social security | 454/9 | €21,987 | €25,885 | +€3,898 | +17.7% |
| Other amounts payable | 47/48 | - | €155,584 | +€155,584 | |
| Remuneration, social security and pensions | 62 | €610,084 | €680,538 | +€70,454 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,381 | €87,153 | +€6,771 | +8.4% |
| Other operating charges | 640/8 | €5,320 | €8,922 | +€3,602 | +67.7% |
| Gross operating margin | 9900 | €887,007 | €959,594 | +€72,587 | +8.2% |
| Operating profit (loss) | 9901 | €191,221 | €182,981 | -€8,240 | -4.3% |
| Financial income | 75/76B | €1,383 | €1 | -€1,382 | -99.9% |
| Recurring financial income | 75 | €1,383 | €1 | -€1,382 | -99.9% |
| Financial charges | 65/66B | €41,020 | €8,409 | -€32,611 | -79.5% |
| Recurring financial charges | 65 | €13,294 | €8,409 | -€4,885 | -36.7% |
| Non-recurring financial charges | 66B | €27,726 | - | -€27,726 | |
| Profit (loss) for the period before taxes | 9903 | €151,583 | €174,573 | +€22,989 | +15.2% |
| Income taxes | 67/77 | €68,276 | €47,628 | -€20,649 | -30.2% |
| Profit (loss) for the period | 9904 | €83,307 | €126,945 | +€43,638 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,307 | €126,945 | +€43,638 | +52.4% |
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 10 October 2026 via checked.be.