UCG: 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.
UCG
Largest movements
- Receivables within one year -€443,297
down €443,297 (-65.9%), from €672,766 to €229,469
of which Trade receivables: -€440,472
- Stocks and contracts -€89,600
down €89,600 (-81.8%), from €109,600 to €20,000
- Cash -€15,935
down €15,935 (-44.7%), from €35,612 to €19,678
mainly Advances received (-€585,000) and Investment in fixed assets (net) (-€89,600)
- Advances received -€585,000
down €585,000 (-100%), from €585,000 to €0
- Trade debts +€68,375
up €68,375 (+1,311%), from €5,216 to €73,591
- Tax, wage and social debts -€38,752
down €38,752 (-92.7%), from €41,794 to €3,042
- Gross operating margin +€188,804
up €188,804, from -€91,873 to €96,931
- Depreciation +€90,180
up €90,180 (+7,433%), from €1,213 to €91,393
- Write-downs +€8,900
up €8,900, from -€8,900 to €0
- Other operating charges -€1,916
down €1,916 (-55.2%), from €3,473 to €1,557
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.
Derived cash bridge
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 | €854,688 | €303,601 | -€551,087 | -64.5% |
| Fixed assets | 21/28 | €36,248 | €34,455 | -€1,793 | -4.9% |
| Intangible fixed assets | 21 | €600 | €70 | -€531 | -88.4% |
| Tangible fixed assets | 22/27 | €3,247 | €1,985 | -€1,262 | -38.9% |
| Plant, machinery and equipment | 23 | €212 | €183 | -€30 | -13.9% |
| Furniture and vehicles | 24 | €3,035 | €1,802 | -€1,233 | -40.6% |
| Financial fixed assets | 28 | €32,400 | €32,400 | = | 0.0% |
| Current assets | 29/58 | €818,441 | €269,146 | -€549,294 | -67.1% |
| Stocks and contracts in progress | 3 | €109,600 | €20,000 | -€89,600 | -81.8% |
| Stocks | 30/36 | €109,600 | €20,000 | -€89,600 | -81.8% |
| Amounts receivable within one year | 40/41 | €672,766 | €229,469 | -€443,297 | -65.9% |
| Trade receivables | 40 | €662,900 | €222,428 | -€440,472 | -66.4% |
| Other amounts receivable | 41 | €9,867 | €7,041 | -€2,826 | -28.6% |
| Cash at bank and in hand | 54/58 | €35,612 | €19,678 | -€15,935 | -44.7% |
| Deferred charges and accrued income | 490/1 | €462 | €0 | -€462 | -100% |
| Total equity and liabilities | 10/49 | €854,688 | €303,601 | -€551,087 | -64.5% |
| Equity | 10/15 | €179,665 | €183,261 | +€3,597 | +2.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €179,165 | €182,761 | +€3,597 | +2.0% |
| Non-distributable reserves | 130/1 | €50 | €0 | -€50 | -100% |
| Reserves not available under the articles | 1311 | €50 | €0 | -€50 | -100% |
| Distributable reserves | 133 | €179,115 | €182,761 | +€3,647 | +2.0% |
| Amounts payable | 17/49 | €675,024 | €120,340 | -€554,684 | -82.2% |
| Amounts payable within one year | 42/48 | €675,024 | €120,340 | -€554,684 | -82.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,216 | €73,591 | +€68,375 | +1,311% |
| Suppliers | 440/4 | €5,216 | €73,591 | +€68,375 | +1,311% |
| Advances received on contracts in progress | 46 | €585,000 | €0 | -€585,000 | -100% |
| Taxes, remuneration and social security | 45 | €41,794 | €3,042 | -€38,752 | -92.7% |
| Taxes | 450/3 | €41,794 | €3,042 | -€38,752 | -92.7% |
| Other amounts payable | 47/48 | €43,014 | €43,706 | +€692 | +1.6% |
| Remuneration, social security and pensions | 62 | €624 | €29 | -€595 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,213 | €91,393 | +€90,180 | +7,433% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8,900 | €0 | +€8,900 | |
| Other operating charges | 640/8 | €3,473 | €1,557 | -€1,916 | -55.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€91,873 | €96,931 | +€188,804 | |
| Operating profit (loss) | 9901 | -€88,283 | €3,952 | +€92,235 | |
| Financial income | 75/76B | €10 | €194 | +€183 | +1,816% |
| Recurring financial income | 75 | €10 | €194 | +€183 | +1,816% |
| Financial charges | 65/66B | €1,200 | €345 | -€855 | -71.2% |
| Recurring financial charges | 65 | €1,200 | €345 | -€855 | -71.2% |
| Profit (loss) for the period before taxes | 9903 | -€89,473 | €3,800 | +€93,273 | |
| Income taxes | 67/77 | €0 | €204 | +€204 | |
| Profit (loss) for the period | 9904 | -€89,473 | €3,597 | +€93,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,473 | €3,597 | +€93,070 |
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 21 October 2026 via checked.be.