UBP Imaging: 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.
UBP Imaging
Largest movements
- Receivables within one year +€123,386
up €123,386 (+534%), from €23,104 to €146,490
of which Other amounts receivable: +€83,537
- Tangible fixed assets -€71,140
down €71,140 (-12.3%), from €580,392 to €509,252
of which Plant, machinery and equipment: -€39,048
- Intangible fixed assets -€43,800
down €43,800 (-30.0%), from €145,920 to €102,120
- Cash -€17,745
down €17,745 (-24.0%), from €74,033 to €56,288
mainly Receivables within one year (-€123,386) and Net result for the year (-€108,499)
- Deferred charges and accrued income +€10,551
up €10,551 (+425%), from €2,481 to €13,033
- Trade debts +€174,171
up €174,171 (+615%), from €28,310 to €202,481
- Profit (loss) carried forward -€108,499
down €108,499, from €65,667 to -€42,832
- Debts after one year -€80,003
down €80,003 (-13.3%), from €599,563 to €519,559
- Accrued charges and deferred income +€20,888
up €20,888 (+112%), from €18,648 to €39,536
- Gross operating margin -€108,698
down €108,698 (-36.4%), from €298,959 to €190,261
- Staff costs +€36,704
up €36,704 (+34.0%), from €107,909 to €144,614
- Depreciation +€9,464
up €9,464 (+8.0%), from €118,570 to €128,034
- Taxes -€5,395
no longer reported in 2025 (was €5,395)
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 | €826,188 | €829,540 | +€3,352 | +0.4% |
| Fixed assets | 21/28 | €726,569 | €613,729 | -€112,840 | -15.5% |
| Intangible fixed assets | 21 | €145,920 | €102,120 | -€43,800 | -30.0% |
| Tangible fixed assets | 22/27 | €580,392 | €509,252 | -€71,140 | -12.3% |
| Land and buildings | 22 | €162,137 | €145,867 | -€16,270 | -10.0% |
| Plant, machinery and equipment | 23 | €378,484 | €339,436 | -€39,048 | -10.3% |
| Furniture and vehicles | 24 | €39,772 | €23,950 | -€15,822 | -39.8% |
| Financial fixed assets | 28 | €257 | €2,357 | +€2,100 | +817% |
| Current assets | 29/58 | €99,618 | €215,811 | +€116,192 | +117% |
| Amounts receivable within one year | 40/41 | €23,104 | €146,490 | +€123,386 | +534% |
| Trade receivables | 40 | €23,104 | €62,954 | +€39,849 | +172% |
| Other amounts receivable | 41 | - | €83,537 | +€83,537 | |
| Cash at bank and in hand | 54/58 | €74,033 | €56,288 | -€17,745 | -24.0% |
| Deferred charges and accrued income | 490/1 | €2,481 | €13,033 | +€10,551 | +425% |
| Total equity and liabilities | 10/49 | €826,188 | €829,540 | +€3,352 | +0.4% |
| Equity | 10/15 | €80,667 | -€27,832 | -€108,499 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,667 | -€42,832 | -€108,499 | |
| Amounts payable | 17/49 | €745,520 | €857,372 | +€111,852 | +15.0% |
| Amounts payable after more than one year | 17 | €599,563 | €519,559 | -€80,003 | -13.3% |
| Financial debts | 170/4 | €599,563 | €519,559 | -€80,003 | -13.3% |
| Amounts payable within one year | 42/48 | €127,310 | €298,277 | +€170,967 | +134% |
| Current portion of amounts payable after more than one year | 42 | €77,117 | €80,003 | +€2,886 | +3.7% |
| Trade debts | 44 | €28,310 | €202,481 | +€174,171 | +615% |
| Suppliers | 440/4 | €28,310 | €202,481 | +€174,171 | +615% |
| Taxes, remuneration and social security | 45 | €15,481 | €9,391 | -€6,090 | -39.3% |
| Taxes | 450/3 | €5,395 | - | -€5,395 | |
| Remuneration and social security | 454/9 | €10,085 | €9,391 | -€695 | -6.9% |
| Other amounts payable | 47/48 | €6,402 | €6,402 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,648 | €39,536 | +€20,888 | +112% |
| Remuneration, social security and pensions | 62 | €107,909 | €144,614 | +€36,704 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,570 | €128,034 | +€9,464 | +8.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €298,959 | €190,261 | -€108,698 | -36.4% |
| Operating profit (loss) | 9901 | €72,093 | -€82,786 | -€154,879 | |
| Financial charges | 65/66B | €25,073 | €25,713 | +€640 | +2.6% |
| Recurring financial charges | 65 | €25,073 | €25,713 | +€640 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €47,020 | -€108,499 | -€155,519 | |
| Income taxes | 67/77 | €5,395 | - | -€5,395 | |
| Profit (loss) for the period | 9904 | €41,624 | -€108,499 | -€150,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,624 | -€108,499 | -€150,124 |
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 15 October 2026 via checked.be.