Ucamco: 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.
What changed
Ucamco
NACE 26.200, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€686,088
2024 · -€143,208+€829,296
Equity
€3.4m
2024 · €3.6m-€176,874
Cash
€1.8m
2024 · €2.2m-€364,674
Balance sheet total
€7.8m
2024 · €9.1m-€1.3m
Largest movements
Assets
- Stocks and contracts -€924,292
down €924,292 (-32.4%), from €2.9m to €1.9m
- Deferred charges and accrued income -€607,487
down €607,487 (-47.2%), from €1.3m to €680,301
- Receivables within one year +€445,341
up €445,341 (+16.7%), from €2.7m to €3.1m
of which Trade receivables: +€470,490
- Cash -€364,674
down €364,674 (-16.5%), from €2.2m to €1.8m
mainly Accrued charges and deferred income (-€1.4m) and Contributions, distributions and other (-€862,962)
- Tangible fixed assets +€147,667
up €147,667 (+144.6%), from €102,092 to €249,760
of which Other tangible fixed assets: +€157,376
Equity and liabilities
- Accrued charges and deferred income -€1.4m
down €1.4m (-37.3%), from €3.8m to €2.4m
- Other debts +€426,769
new in 2025: €426,769
- Trade debts -€219,347
down €219,347 (-25.6%), from €857,658 to €638,311
- Profit (loss) carried forward -€176,874
down €176,874 (-12.9%), from €1.4m to €1.2m
Income statement
- Turnover +€3.7m
up €3.7m (+48.5%), from €7.7m to €11.5m
- Goods and materials +€1.9m
up €1.9m (+155.3%), from €1.2m to €3.2m
of which Change in stocks: decrease (increase): +€1.8m
- Services and other goods +€804,615
up €804,615 (+35.5%), from €2.3m to €3.1m
- Staff costs -€294,438
down €294,438 (-6.4%), from €4.6m to €4.3m
- Taxes +€185,028
up €185,028 (+311.5%), from €59,393 to €244,421
of which Taxes: +€210,644
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.
Result 2024
-€143,208
Turnover
+€3.7m
Other operating income
+€26,334
Goods and materials
-€1.9m
Services and other goods
-€804,615
Staff costs
+€294,438
Depreciation
-€16,772
Write-downs
-€162,911
Provisions
-€33,335
Other operating charges
+€22,443
Financial income
-€47,226
Financial charges
-€67,045
Taxes
-€185,028
Result 2025
€686,088
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.
From operations
+€700,055
Investment
-€201,767
Financing
-€862,962
Cash 2024
€2.2m
From operations (derived)
+€700,055
Net result for the year
+€686,088
Depreciation
+€60,119
Stocks and contracts
+€924,292
Receivables within one year
-€445,341
Deferred charges and accrued income
+€607,487
Provisions
+€18,729
Trade debts
-€219,347
Tax, wage and social debts
+€53,990
Other debts
+€426,769
Accrued charges and deferred income
-€1.4m
Investment (derived)
-€201,767
Investment in fixed assets (net)
-€201,767
Financing
-€862,962
Contributions, distributions and other
-€862,962
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,148,385 | €7,838,921 | -€1.3m | -14.3% |
| Fixed assets | 21/28 | €134,031 | €275,680 | +€141,649 | +105.7% |
| Intangible fixed assets | 21 | €12,823 | €2,289 | -€10,533 | -82.1% |
| Tangible fixed assets | 22/27 | €102,092 | €249,760 | +€147,667 | +144.6% |
| Plant, machinery and equipment | 23 | €10,966 | €6,328 | -€4,638 | -42.3% |
| Furniture and vehicles | 24 | €63,303 | €58,232 | -€5,071 | -8.0% |
| Other tangible fixed assets | 26 | €27,823 | €185,200 | +€157,376 | +565.6% |
| Financial fixed assets | 28 | €19,116 | €23,631 | +€4,515 | +23.6% |
| Affiliated companies | 280/1 | €8,258 | €8,258 | = | 0.0% |
| Participating interests | 280 | €8,258 | €8,258 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,859 | €15,373 | +€4,515 | +41.6% |
| Amounts receivable and cash guarantees | 285/8 | €10,859 | €15,373 | +€4,515 | +41.6% |
| Current assets | 29/58 | €9,014,353 | €7,563,241 | -€1.5m | -16.1% |
| Stocks and contracts in progress | 3 | €2,854,864 | €1,930,572 | -€924,292 | -32.4% |
| Stocks | 30/36 | €2,854,864 | €1,930,572 | -€924,292 | -32.4% |
| Goods purchased for resale | 34 | €2,854,864 | €1,930,572 | -€924,292 | -32.4% |
| Amounts receivable within one year | 40/41 | €2,664,567 | €3,109,907 | +€445,341 | +16.7% |
| Trade receivables | 40 | €2,584,239 | €3,054,729 | +€470,490 | +18.2% |
| Other amounts receivable | 41 | €80,328 | €55,178 | -€25,150 | -31.3% |
| Cash at bank and in hand | 54/58 | €2,207,135 | €1,842,461 | -€364,674 | -16.5% |
| Deferred charges and accrued income | 490/1 | €1,287,787 | €680,301 | -€607,487 | -47.2% |
| Total equity and liabilities | 10/49 | €9,148,385 | €7,838,921 | -€1.3m | -14.3% |
| Equity | 10/15 | €3,626,643 | €3,449,769 | -€176,874 | -4.9% |
| Contributions | 10/11 | €2,054,228 | €2,054,228 | = | 0.0% |
| Capital | 10 | €2,052,292 | €2,052,292 | = | 0.0% |
| Issued capital | 100 | €2,052,292 | €2,052,292 | = | 0.0% |
| Outside capital | 11 | €1,936 | €1,936 | = | 0.0% |
| Share premium | 1100/10 | €1,936 | €1,936 | = | 0.0% |
| Reserves | 13 | €205,229 | €205,229 | = | 0.0% |
| Non-distributable reserves | 130/1 | €205,229 | €205,229 | = | 0.0% |
| Legal reserve | 130 | €205,229 | €205,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,367,186 | €1,190,312 | -€176,874 | -12.9% |
| Provisions and deferred taxes | 16 | €57,953 | €76,682 | +€18,729 | +32.3% |
| Provisions for liabilities and charges | 160/5 | €57,953 | €76,682 | +€18,729 | +32.3% |
| Other liabilities and charges | 164/5 | €57,953 | €76,682 | +€18,729 | +32.3% |
| Amounts payable | 17/49 | €5,463,788 | €4,312,470 | -€1.2m | -21.1% |
| Amounts payable within one year | 42/48 | €1,676,722 | €1,938,133 | +€261,411 | +15.6% |
| Trade debts | 44 | €857,658 | €638,311 | -€219,347 | -25.6% |
| Suppliers | 440/4 | €857,658 | €638,311 | -€219,347 | -25.6% |
| Taxes, remuneration and social security | 45 | €819,064 | €873,053 | +€53,990 | +6.6% |
| Taxes | 450/3 | €130,242 | €99,580 | -€30,662 | -23.5% |
| Remuneration and social security | 454/9 | €688,822 | €773,474 | +€84,652 | +12.3% |
| Other amounts payable | 47/48 | - | €426,769 | +€426,769 | |
| Accrued charges and deferred income | 492/3 | €3,787,066 | €2,374,336 | -€1.4m | -37.3% |
| Operating income | 70/76A | €8,177,712 | €11,913,837 | +€3.7m | +45.7% |
| Turnover | 70 | €7,719,912 | €11,461,730 | +€3.7m | +48.5% |
| Other operating income | 74 | €425,773 | €452,107 | +€26,334 | +6.2% |
| Non-recurring operating income | 76A | €32,028 | €0 | -€32,028 | -100.0% |
| Operating charges | 60/66A | €8,195,710 | €10,803,240 | +€2.6m | +31.8% |
| Goods for resale, raw materials and consumables | 60 | €1,248,695 | €3,187,500 | +€1.9m | +155.3% |
| Purchases | 600/8 | €2,290,136 | €2,403,286 | +€113,151 | +4.9% |
| Change in stocks: decrease (increase) | 609 | -€1,041,441 | €784,214 | +€1.8m | |
| Services and other goods | 61 | €2,265,955 | €3,070,570 | +€804,615 | +35.5% |
| Remuneration, social security and pensions | 62 | €4,604,768 | €4,310,329 | -€294,438 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,346 | €60,119 | +€16,772 | +38.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25,601 | €137,310 | +€162,911 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,606 | €18,729 | +€33,335 | |
| Other operating charges | 640/8 | €41,126 | €18,683 | -€22,443 | -54.6% |
| Non-recurring operating charges | 66A | €32,028 | €0 | -€32,028 | -100.0% |
| Operating profit (loss) | 9901 | -€17,998 | €1,110,597 | +€1.1m | |
| Financial income | 75/76B | €56,933 | €9,707 | -€47,226 | -83.0% |
| Recurring financial income | 75 | €56,933 | €9,707 | -€47,226 | -83.0% |
| Income from current assets | 751 | €32,706 | €4,308 | -€28,398 | -86.8% |
| Other financial income | 752/9 | €24,227 | €5,399 | -€18,828 | -77.7% |
| Financial charges | 65/66B | €122,750 | €189,795 | +€67,045 | +54.6% |
| Recurring financial charges | 65 | €122,750 | €189,795 | +€67,045 | +54.6% |
| Debt charges | 650 | €23,760 | €29,289 | +€5,528 | +23.3% |
| Other financial charges | 652/9 | €98,990 | €160,506 | +€61,517 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | -€83,815 | €930,509 | +€1.0m | |
| Income taxes | 67/77 | €59,393 | €244,421 | +€185,028 | +311.5% |
| Taxes | 670/3 | €59,393 | €270,036 | +€210,644 | +354.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €25,615 | +€25,615 | |
| Profit (loss) for the period | 9904 | -€143,208 | €686,088 | +€829,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€143,208 | €686,088 | +€829,296 |
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 7 October 2026 via checked.be.