UC GUL: what changed
Two fiscal 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.
UC GUL
Largest movements
- Receivables after one year -€260,000
down €260,000 (-55.3%), from €470,000 to €210,000
- Stocks and contracts +€77,241
up €77,241 (+36.8%), from €210,034 to €287,276
- Tangible fixed assets +€54,314
up €54,314 (+28.7%), from €189,053 to €243,366
of which Furniture and vehicles: +€112,814
- Reserves -€180,493
down €180,493 (-19.6%), from €923,006 to €742,513
of which Distributable reserves: -€180,493
- Debts after one year +€60,708
up €60,708 (+83.0%), from €73,118 to €133,827
- Trade debts +€49,433
up €49,433 (+30.9%), from €160,161 to €209,594
- Tax, wage and social debts -€26,432
down €26,432 (-30.1%), from €87,827 to €61,394
of which Taxes: -€13,221
- Other debts -€20,309
down €20,309 (-63.8%), from €31,838 to €11,530
- Financial charges +€57,964
up €57,964 (+194.0%), from €29,878 to €87,842
of which Financial charges: +€58,925
- Taxes -€36,153
down €36,153 (-54.2%), from €66,695 to €30,543
- Staff costs +€35,866
up €35,866 (+8.7%), from €414,369 to €450,234
- Gross operating margin -€25,207
down €25,207 (-3.4%), from €732,794 to €707,587
- Depreciation +€17,036
up €17,036 (+29.0%), from €58,803 to €75,838
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 | €1,323,186 | €1,221,156 | -€102,030 | -7.7% |
| Fixed assets | 21/28 | €194,593 | €249,366 | +€54,774 | +28.1% |
| Tangible fixed assets | 22/27 | €189,053 | €243,366 | +€54,314 | +28.7% |
| Land and buildings | 22 | €3,509 | €450 | -€3,059 | -87.2% |
| Plant, machinery and equipment | 23 | €38,355 | €21,052 | -€17,303 | -45.1% |
| Furniture and vehicles | 24 | €2,486 | €115,300 | +€112,814 | +4537.5% |
| Leasing and similar rights | 25 | €99,321 | €69,229 | -€30,092 | -30.3% |
| Other tangible fixed assets | 26 | €45,381 | €37,336 | -€8,045 | -17.7% |
| Financial fixed assets | 28 | €5,540 | €6,000 | +€460 | +8.3% |
| Current assets | 29/58 | €1,128,594 | €971,790 | -€156,804 | -13.9% |
| Amounts receivable after more than one year | 29 | €470,000 | €210,000 | -€260,000 | -55.3% |
| Other amounts receivable | 291 | €470,000 | €210,000 | -€260,000 | -55.3% |
| Stocks and contracts in progress | 3 | €210,034 | €287,276 | +€77,241 | +36.8% |
| Stocks | 30/36 | €210,034 | €287,276 | +€77,241 | +36.8% |
| Amounts receivable within one year | 40/41 | €88,224 | €98,332 | +€10,108 | +11.5% |
| Trade receivables | 40 | €7,465 | €4,894 | -€2,571 | -34.4% |
| Other amounts receivable | 41 | €80,759 | €93,438 | +€12,679 | +15.7% |
| Cash at bank and in hand | 54/58 | €354,639 | €365,221 | +€10,582 | +3.0% |
| Deferred charges and accrued income | 490/1 | €5,696 | €10,961 | +€5,265 | +92.4% |
| Total equity and liabilities | 10/49 | €1,323,186 | €1,221,156 | -€102,030 | -7.7% |
| Equity | 10/15 | €941,606 | €761,113 | -€180,493 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €923,006 | €742,513 | -€180,493 | -19.6% |
| Tax-exempt reserves | 132 | €206 | €206 | = | 0.0% |
| Distributable reserves | 133 | €922,799 | €742,307 | -€180,493 | -19.6% |
| Amounts payable | 17/49 | €381,580 | €460,043 | +€78,463 | +20.6% |
| Amounts payable after more than one year | 17 | €73,118 | €133,827 | +€60,708 | +83.0% |
| Financial debts | 170/4 | €73,118 | €133,827 | +€60,708 | +83.0% |
| Amounts payable within one year | 42/48 | €308,350 | €326,104 | +€17,755 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €28,523 | €43,586 | +€15,063 | +52.8% |
| Trade debts | 44 | €160,161 | €209,594 | +€49,433 | +30.9% |
| Suppliers | 440/4 | €160,161 | €209,594 | +€49,433 | +30.9% |
| Taxes, remuneration and social security | 45 | €87,827 | €61,394 | -€26,432 | -30.1% |
| Taxes | 450/3 | €35,402 | €22,181 | -€13,221 | -37.3% |
| Remuneration and social security | 454/9 | €52,424 | €39,213 | -€13,211 | -25.2% |
| Other amounts payable | 47/48 | €31,838 | €11,530 | -€20,309 | -63.8% |
| Accrued charges and deferred income | 492/3 | €113 | €113 | = | 0.0% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Remuneration, social security and pensions | 62 | €414,369 | €450,234 | +€35,866 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,803 | €75,838 | +€17,036 | +29.0% |
| Other operating charges | 640/8 | €10,284 | €12,068 | +€1,783 | +17.3% |
| Gross operating margin | 9900 | €732,794 | €707,587 | -€25,207 | -3.4% |
| Operating profit (loss) | 9901 | €249,338 | €169,446 | -€79,891 | -32.0% |
| Financial income | 75/76B | €684 | €5,987 | +€5,303 | +775.5% |
| Recurring financial income | 75 | €684 | €5,987 | +€5,303 | +775.5% |
| Financial charges | 65/66B | €29,878 | €87,842 | +€57,964 | +194.0% |
| Recurring financial charges | 65 | €28,917 | €87,842 | +€58,925 | +203.8% |
| Non-recurring financial charges | 66B | €961 | - | -€961 | |
| Profit (loss) for the period before taxes | 9903 | €220,144 | €87,592 | -€132,552 | -60.2% |
| Income taxes | 67/77 | €66,695 | €30,543 | -€36,153 | -54.2% |
| Profit (loss) for the period | 9904 | €153,448 | €57,049 | -€96,400 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €153,448 | €57,049 | -€96,400 | -62.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.