UCB 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.
What changed
UCB Ventures
NACE 64.310, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€65.8m
2024 · €782,569+€65.0m
Equity
€213.8m
2024 · €148.0m+€65.8m
Cash
€307,993
2024 · €1.6m-€1.3m
Balance sheet total
€214.5m
2024 · €148.5m+€66.0m
Largest movements
Assets
- Receivables within one year +€56.0m
up €56.0m (+148%), from €37.8m to €93.8m
of which Other amounts receivable: +€56.0m
- Financial fixed assets +€12.3m
up €12.3m (+13.1%), from €93.9m to €106.3m
of which Other financial fixed assets: +€12.3m
Equity and liabilities
- Profit (loss) carried forward +€62.5m
up €62.5m (+8,410%), from €743,441 to €63.3m
- Reserves +€3.3m
up €3.3m (+8,410%), from €39,128 to €3.3m
Income statement
- Financial income +€62.8m
up €62.8m (+1,182%), from €5.3m to €68.2m
of which Financial income: +€63.8m
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
€782,569
Staff costs
+€677,839
Provisions
+€56,835
Other operating charges
-€34,661
Other operating items
+€385,877
Financial income
+€62.8m
Financial charges
+€1.1m
Taxes
+€80
Result 2025
€65.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€9.9m
Investment
-€11.2m
Financing
€0
Cash 2024
€1.6m
From operations (derived)
+€9.9m
Net result for the year
+€65.8m
Receivables after one year
+€304,484
Receivables within one year
-€56.0m
Deferred charges and accrued income
-€354,104
Smaller working-capital items
+€151,329
Investment (derived)
-€11.2m
Investment in fixed assets (net)
-€12.3m
Current investments
+€1.2m
Cash 2025
€307,993
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,543,578 | €214,507,225 | +€66.0m | +44.4% |
| Fixed assets | 21/28 | €93,917,777 | €106,256,923 | +€12.3m | +13.1% |
| Financial fixed assets | 28 | €93,917,777 | €106,256,923 | +€12.3m | +13.1% |
| Affiliated companies | 280/1 | €27,999,999 | €27,999,999 | = | 0.0% |
| Participating interests | 280 | €27,999,999 | €27,999,999 | = | 0.0% |
| Other financial fixed assets | 284/8 | €65,917,778 | €78,256,924 | +€12.3m | +18.7% |
| Shares | 284 | €65,917,778 | €78,256,924 | +€12.3m | +18.7% |
| Current assets | 29/58 | €54,625,801 | €108,250,302 | +€53.6m | +98.2% |
| Amounts receivable after more than one year | 29 | €7,937,755 | €7,633,271 | -€304,484 | -3.8% |
| Other amounts receivable | 291 | €7,937,755 | €7,633,271 | -€304,484 | -3.8% |
| Amounts receivable within one year | 40/41 | €37,812,518 | €93,819,334 | +€56.0m | +148% |
| Trade receivables | 40 | - | €142 | +€142 | |
| Other amounts receivable | 41 | €37,812,518 | €93,819,192 | +€56.0m | +148% |
| Current investments | 50/53 | €5,835,162 | €4,656,347 | -€1.2m | -20.2% |
| Other investments | 51/53 | €5,835,162 | €4,656,347 | -€1.2m | -20.2% |
| Cash at bank and in hand | 54/58 | €1,561,113 | €307,993 | -€1.3m | -80.3% |
| Deferred charges and accrued income | 490/1 | €1,479,253 | €1,833,357 | +€354,104 | +23.9% |
| Total equity and liabilities | 10/49 | €148,543,578 | €214,507,225 | +€66.0m | +44.4% |
| Equity | 10/15 | €148,030,245 | €213,842,563 | +€65.8m | +44.5% |
| Contributions | 10/11 | €147,247,676 | €147,247,676 | = | 0.0% |
| Capital | 10 | €147,247,676 | €147,247,676 | = | 0.0% |
| Issued capital | 100 | €147,247,676 | €147,247,676 | = | 0.0% |
| Reserves | 13 | €39,128 | €3,329,744 | +€3.3m | +8,410% |
| Non-distributable reserves | 130/1 | €39,128 | €3,329,744 | +€3.3m | +8,410% |
| Legal reserve | 130 | €39,128 | €3,329,744 | +€3.3m | +8,410% |
| Profit (loss) carried forward | 14 | €743,441 | €63,265,143 | +€62.5m | +8,410% |
| Provisions and deferred taxes | 16 | €333,410 | €439,626 | +€106,216 | +31.9% |
| Provisions for liabilities and charges | 160/5 | €333,410 | €439,626 | +€106,216 | +31.9% |
| Other liabilities and charges | 164/5 | €333,410 | €439,626 | +€106,216 | +31.9% |
| Amounts payable | 17/49 | €179,923 | €225,036 | +€45,113 | +25.1% |
| Amounts payable within one year | 42/48 | €179,923 | €168,554 | -€11,369 | -6.3% |
| Trade debts | 44 | €104,407 | €52,756 | -€51,651 | -49.5% |
| Suppliers | 440/4 | €104,407 | €52,756 | -€51,651 | -49.5% |
| Taxes, remuneration and social security | 45 | €75,516 | €115,798 | +€40,282 | +53.3% |
| Taxes | 450/3 | €487 | - | -€487 | |
| Remuneration and social security | 454/9 | €75,029 | €115,798 | +€40,769 | +54.3% |
| Accrued charges and deferred income | 492/3 | - | €56,482 | +€56,482 | |
| Operating income | 70/76A | €136,030 | €557,819 | +€421,789 | +310% |
| Other operating income | 74 | €136,030 | €165,751 | +€29,721 | +21.8% |
| Non-recurring operating income | 76A | - | €392,068 | +€392,068 | |
| Operating charges | 60/66A | €1,698,391 | €1,034,290 | -€664,101 | -39.1% |
| Goods for resale, raw materials and consumables | 60 | €20 | - | -€20 | |
| Purchases | 600/8 | €20 | - | -€20 | |
| Services and other goods | 61 | €190,521 | €226,453 | +€35,932 | +18.9% |
| Remuneration, social security and pensions | 62 | €1,343,122 | €665,283 | -€677,839 | -50.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €163,052 | €106,217 | -€56,835 | -34.9% |
| Other operating charges | 640/8 | €1,676 | €36,337 | +€34,661 | +2,068% |
| Operating profit (loss) | 9901 | -€1,562,361 | -€476,471 | +€1.1m | +69.5% |
| Financial income | 75/76B | €5,315,114 | €68,158,616 | +€62.8m | +1,182% |
| Recurring financial income | 75 | €1,526,864 | €65,287,748 | +€63.8m | +4,176% |
| Income from current assets | 751 | €946,947 | €2,711,500 | +€1.8m | +186% |
| Other financial income | 752/9 | €579,917 | €62,576,248 | +€62.0m | +10,691% |
| Non-recurring financial income | 76B | €3,788,250 | €2,870,868 | -€917,382 | -24.2% |
| Financial charges | 65/66B | €2,969,694 | €1,869,417 | -€1.1m | -37.1% |
| Recurring financial charges | 65 | €2,969,694 | €1,869,417 | -€1.1m | -37.1% |
| Debt charges | 650 | €2,949,854 | €2 | -€2.9m | -100.0% |
| Other financial charges | 652/9 | €19,840 | €1,869,415 | +€1.8m | +9,322% |
| Profit (loss) for the period before taxes | 9903 | €783,059 | €65,812,728 | +€65.0m | +8,305% |
| Income taxes | 67/77 | €490 | €410 | -€80 | -16.3% |
| Taxes | 670/3 | €490 | €410 | -€80 | -16.3% |
| Profit (loss) for the period | 9904 | €782,569 | €65,812,318 | +€65.0m | +8,310% |
| Profit (loss) for the period to be appropriated | 9905 | €782,569 | €65,812,318 | +€65.0m | +8,310% |
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 13 October 2026 via checked.be.