Ubuntu CTG Ventures: 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.
Ubuntu CTG Ventures
Largest movements
- Cash -€175,330
down €175,330 (-13.8%), from €1.3m to €1.1m
mainly Investment in fixed assets (net) (-€131,393) and Net result for the year (-€88,100)
- Financial fixed assets +€129,715
up €129,715 (+16.4%), from €791,563 to €921,278
- Tangible fixed assets -€73,938
down €73,938 (-14.3%), from €515,970 to €442,032
of which Other tangible fixed assets: -€71,099
- Profit (loss) carried forward -€88,100
down €88,100 (-14.5%), from €608,048 to €519,949
- Tax, wage and social debts -€50,104
down €50,104 (-87.7%), from €57,141 to €7,037
- Financial charges -€219,159
down €219,159 (-87.3%), from €251,112 to €31,953
of which Non-recurring financial charges: -€238,072
- Gross operating margin +€86,586
up €86,586, from -€84,690 to €1,896
- Financial income +€3,759
up €3,759 (+25.4%), from €14,814 to €18,573
of which Financial income: +€3,759
- Other operating charges -€3,386
down €3,386 (-77.2%), from €4,385 to €998
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 | €2,812,675 | €2,648,271 | -€164,404 | -5.8% |
| Fixed assets | 21/28 | €1,307,533 | €1,363,309 | +€55,776 | +4.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €515,970 | €442,032 | -€73,938 | -14.3% |
| Plant, machinery and equipment | 23 | €604 | €19 | -€585 | -96.8% |
| Furniture and vehicles | 24 | €7,528 | €5,273 | -€2,255 | -30.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €507,838 | €436,739 | -€71,099 | -14.0% |
| Financial fixed assets | 28 | €791,563 | €921,278 | +€129,715 | +16.4% |
| Current assets | 29/58 | €1,505,142 | €1,284,962 | -€220,181 | -14.6% |
| Amounts receivable after more than one year | 29 | €38,849 | €20,000 | -€18,849 | -48.5% |
| Other amounts receivable | 291 | €38,849 | €20,000 | -€18,849 | -48.5% |
| Amounts receivable within one year | 40/41 | €165,348 | €155,925 | -€9,423 | -5.7% |
| Trade receivables | 40 | €38,297 | €122,677 | +€84,380 | +220% |
| Other amounts receivable | 41 | €127,050 | €33,248 | -€93,803 | -73.8% |
| Cash at bank and in hand | 54/58 | €1,268,662 | €1,093,332 | -€175,330 | -13.8% |
| Deferred charges and accrued income | 490/1 | €32,284 | €15,704 | -€16,580 | -51.4% |
| Total equity and liabilities | 10/49 | €2,812,675 | €2,648,271 | -€164,404 | -5.8% |
| Equity | 10/15 | €2,683,008 | €2,594,908 | -€88,100 | -3.3% |
| Contributions | 10/11 | €2,050,000 | €2,050,000 | = | 0.0% |
| Reserves | 13 | €24,960 | €24,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,960 | €24,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €608,048 | €519,949 | -€88,100 | -14.5% |
| Amounts payable | 17/49 | €129,668 | €53,363 | -€76,305 | -58.8% |
| Amounts payable within one year | 42/48 | €109,668 | €48,563 | -€61,105 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €52,527 | €41,526 | -€11,001 | -20.9% |
| Suppliers | 440/4 | €52,527 | €41,526 | -€11,001 | -20.9% |
| Taxes, remuneration and social security | 45 | €57,141 | €7,037 | -€50,104 | -87.7% |
| Taxes | 450/3 | €57,141 | €7,037 | -€50,104 | -87.7% |
| Accrued charges and deferred income | 492/3 | €20,000 | €4,800 | -€15,200 | -76.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,931 | €75,617 | +€686 | +0.9% |
| Other operating charges | 640/8 | €4,385 | €998 | -€3,386 | -77.2% |
| Gross operating margin | 9900 | -€84,690 | €1,896 | +€86,586 | |
| Operating profit (loss) | 9901 | -€164,005 | -€74,720 | +€89,286 | +54.4% |
| Financial income | 75/76B | €14,814 | €18,573 | +€3,759 | +25.4% |
| Recurring financial income | 75 | €14,814 | €18,573 | +€3,759 | +25.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €251,112 | €31,953 | -€219,159 | -87.3% |
| Recurring financial charges | 65 | €755 | €19,667 | +€18,913 | +2,506% |
| Non-recurring financial charges | 66B | €250,357 | €12,285 | -€238,072 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€400,303 | -€88,100 | +€312,204 | +78.0% |
| Income taxes | 67/77 | €126 | €0 | -€126 | -100% |
| Profit (loss) for the period | 9904 | -€400,430 | -€88,100 | +€312,330 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€400,430 | -€88,100 | +€312,330 | +78.0% |
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 29 October 2026 via checked.be.