UCAST: 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.
UCAST
Largest movements
- Intangible fixed assets +€355,159
up €355,159 (+25.6%), from €1.4m to €1.7m
- Receivables within one year -€195,957
down €195,957 (-46.5%), from €421,270 to €225,313
of which Other amounts receivable: -€150,291
- Tangible fixed assets -€26,557
down €26,557 (-77.3%), from €34,369 to €7,812
of which Furniture and vehicles: -€25,118
- Debts after one year -€2.0m
down €2.0m (-100.0%), from €2.0m to €0
- Current portion of long-term debt +€2.0m
up €2.0m (+11481.6%), from €17,332 to €2.0m
- Short-term financial debts +€500,000
new in 2024: €500,000
- Profit (loss) carried forward -€319,366
down €319,366 (-24.3%), from -€1.3m to -€1.6m
- Accrued charges and deferred income +€117,384
up €117,384 (+24.9%), from €471,644 to €589,028
- Gross operating margin +€196,454
up €196,454 (+53.9%), from €364,250 to €560,703
- Depreciation -€133,623
down €133,623 (-28.5%), from €468,856 to €335,233
- Staff costs +€102,396
up €102,396 (+22.7%), from €450,741 to €553,137
- Financial income -€57,830
down €57,830 (-40.9%), from €141,514 to €83,684
- Taxes -€35,723
down €35,723, from €1,320 to -€34,403
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,274,657 | €2,396,543 | +€121,886 | +5.4% |
| Fixed assets | 21/28 | €1,436,200 | €1,764,951 | +€328,752 | +22.9% |
| Intangible fixed assets | 21 | €1,387,486 | €1,742,644 | +€355,159 | +25.6% |
| Tangible fixed assets | 22/27 | €34,369 | €7,812 | -€26,557 | -77.3% |
| Plant, machinery and equipment | 23 | €1,917 | €478 | -€1,439 | -75.1% |
| Furniture and vehicles | 24 | €32,452 | €7,334 | -€25,118 | -77.4% |
| Financial fixed assets | 28 | €14,345 | €14,495 | +€150 | +1.0% |
| Current assets | 29/58 | €838,457 | €631,592 | -€206,865 | -24.7% |
| Stocks and contracts in progress | 3 | €14,767 | €18,767 | +€4,000 | +27.1% |
| Stocks | 30/36 | €14,767 | €18,767 | +€4,000 | +27.1% |
| Amounts receivable within one year | 40/41 | €421,270 | €225,313 | -€195,957 | -46.5% |
| Trade receivables | 40 | €88,925 | €43,259 | -€45,667 | -51.4% |
| Other amounts receivable | 41 | €332,345 | €182,054 | -€150,291 | -45.2% |
| Cash at bank and in hand | 54/58 | €391,547 | €380,211 | -€11,337 | -2.9% |
| Deferred charges and accrued income | 490/1 | €10,873 | €7,301 | -€3,572 | -32.8% |
| Total equity and liabilities | 10/49 | €2,274,657 | €2,396,543 | +€121,886 | +5.4% |
| Equity | 10/15 | -€482,018 | -€885,068 | -€403,050 | -83.6% |
| Contributions | 10/11 | €109,998 | €109,998 | = | 0.0% |
| Reserves | 13 | €5,527 | €5,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €160 | €160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €160 | €160 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,700 | €2,700 | = | 0.0% |
| Distributable reserves | 133 | €2,667 | €2,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,315,452 | -€1,634,817 | -€319,366 | -24.3% |
| Investment grants | 15 | €717,908 | €634,224 | -€83,684 | -11.7% |
| Amounts payable | 17/49 | €2,756,675 | €3,281,611 | +€524,936 | +19.0% |
| Amounts payable after more than one year | 17 | €2,007,798 | €0 | -€2.0m | -100.0% |
| Financial debts | 170/4 | €2,007,798 | €0 | -€2.0m | -100.0% |
| Amounts payable within one year | 42/48 | €277,234 | €2,692,584 | +€2.4m | +871.2% |
| Current portion of amounts payable after more than one year | 42 | €17,332 | €2,007,341 | +€2.0m | +11481.6% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Other loans | 439 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €203,638 | €98,282 | -€105,356 | -51.7% |
| Suppliers | 440/4 | €203,638 | €98,282 | -€105,356 | -51.7% |
| Taxes, remuneration and social security | 45 | €56,264 | €86,961 | +€30,697 | +54.6% |
| Taxes | 450/3 | €14,399 | €16,822 | +€2,423 | +16.8% |
| Remuneration and social security | 454/9 | €41,865 | €70,139 | +€28,274 | +67.5% |
| Accrued charges and deferred income | 492/3 | €471,644 | €589,028 | +€117,384 | +24.9% |
| Non-recurring operating income | 76A | €0 | €14,616 | +€14,616 | |
| Remuneration, social security and pensions | 62 | €450,741 | €553,137 | +€102,396 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468,856 | €335,233 | -€133,623 | -28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,195 | €16,978 | +€20,173 | |
| Other operating charges | 640/8 | €2,350 | €2,305 | -€45 | -1.9% |
| Gross operating margin | 9900 | €364,250 | €560,703 | +€196,454 | +53.9% |
| Operating profit (loss) | 9901 | -€554,502 | -€346,950 | +€207,552 | +37.4% |
| Financial income | 75/76B | €141,514 | €83,684 | -€57,830 | -40.9% |
| Recurring financial income | 75 | €141,514 | €83,684 | -€57,830 | -40.9% |
| Financial charges | 65/66B | €84,663 | €90,502 | +€5,840 | +6.9% |
| Recurring financial charges | 65 | €84,663 | €90,502 | +€5,840 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€497,651 | -€353,768 | +€143,883 | +28.9% |
| Income taxes | 67/77 | €1,320 | -€34,403 | -€35,723 | |
| Profit (loss) for the period | 9904 | -€498,971 | -€319,366 | +€179,606 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€498,971 | -€319,366 | +€179,606 | +36.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.