UCMI: 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.
UCMI
Largest movements
- Current investments -€322,927
no longer reported in 2025 (was €322,927)
- Cash +€298,915
up €298,915 (+9699.3%), from €3,082 to €301,997
mainly Current investments (+€322,927) and Accrued charges and deferred income (+€147,762)
- Receivables within one year +€72,635
up €72,635 (+89.9%), from €80,817 to €153,452
of which Other amounts receivable: +€46,283
- Tangible fixed assets -€38,761
down €38,761 (-4.9%), from €795,246 to €756,485
of which Land and buildings: -€34,058
- Intangible fixed assets -€12,825
down €12,825 (-86.3%), from €14,863 to €2,038
- Accrued charges and deferred income +€147,762
up €147,762 (+18106.5%), from €816 to €148,578
- Debts after one year -€120,000
down €120,000 (-36.1%), from €332,417 to €212,417
- Profit (loss) carried forward -€16,471
down €16,471 (-3.1%), from €527,326 to €510,855
- Staff costs +€24,976
up €24,976 (+8.6%), from €288,822 to €313,797
- Other operating charges +€10,756
up €10,756 (+18.4%), from €58,323 to €69,079
- Write-downs +€10,108
up €10,108, from -€9,374 to €734
- Gross operating margin +€10,104
up €10,104 (+2.2%), from €458,708 to €468,812
- Financial charges -€8,297
down €8,297 (-42.3%), from €19,632 to €11,335
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 | €1,242,973 | €1,251,748 | +€8,775 | +0.7% |
| Fixed assets | 21/28 | €810,751 | €759,166 | -€51,585 | -6.4% |
| Intangible fixed assets | 21 | €14,863 | €2,038 | -€12,825 | -86.3% |
| Tangible fixed assets | 22/27 | €795,246 | €756,485 | -€38,761 | -4.9% |
| Land and buildings | 22 | €770,006 | €735,948 | -€34,058 | -4.4% |
| Plant, machinery and equipment | 23 | €24,998 | €20,537 | -€4,461 | -17.8% |
| Furniture and vehicles | 24 | €242 | - | -€242 | |
| Financial fixed assets | 28 | €643 | €643 | +€0 | 0.0% |
| Current assets | 29/58 | €432,221 | €492,582 | +€60,361 | +14.0% |
| Stocks and contracts in progress | 3 | €18,810 | €30,896 | +€12,086 | +64.3% |
| Stocks | 30/36 | €18,810 | €30,896 | +€12,086 | +64.3% |
| Amounts receivable within one year | 40/41 | €80,817 | €153,452 | +€72,635 | +89.9% |
| Trade receivables | 40 | €23,273 | €49,624 | +€26,351 | +113.2% |
| Other amounts receivable | 41 | €57,545 | €103,828 | +€46,283 | +80.4% |
| Current investments | 50/53 | €322,927 | - | -€322,927 | |
| Cash at bank and in hand | 54/58 | €3,082 | €301,997 | +€298,915 | +9699.3% |
| Deferred charges and accrued income | 490/1 | €6,586 | €6,237 | -€349 | -5.3% |
| Total equity and liabilities | 10/49 | €1,242,973 | €1,251,748 | +€8,775 | +0.7% |
| Equity | 10/15 | €665,247 | €648,776 | -€16,471 | -2.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,921 | €12,921 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,061 | €11,061 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €527,326 | €510,855 | -€16,471 | -3.1% |
| Amounts payable | 17/49 | €577,726 | €602,972 | +€25,246 | +4.4% |
| Amounts payable after more than one year | 17 | €332,417 | €212,417 | -€120,000 | -36.1% |
| Financial debts | 170/4 | €332,417 | €212,417 | -€120,000 | -36.1% |
| Amounts payable within one year | 42/48 | €244,493 | €241,977 | -€2,516 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €68,480 | €76,144 | +€7,665 | +11.2% |
| Suppliers | 440/4 | €68,480 | €76,144 | +€7,665 | +11.2% |
| Taxes, remuneration and social security | 45 | €56,014 | €45,833 | -€10,181 | -18.2% |
| Taxes | 450/3 | €16,692 | €0 | -€16,692 | -100.0% |
| Remuneration and social security | 454/9 | €39,321 | €45,833 | +€6,512 | +16.6% |
| Accrued charges and deferred income | 492/3 | €816 | €148,578 | +€147,762 | +18106.5% |
| Non-recurring operating income | 76A | €24 | €173 | +€149 | +607.0% |
| Remuneration, social security and pensions | 62 | €288,822 | €313,797 | +€24,976 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,400 | €96,355 | -€1,045 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,374 | €734 | +€10,108 | |
| Other operating charges | 640/8 | €58,323 | €69,079 | +€10,756 | +18.4% |
| Non-recurring operating charges | 66A | €886 | €33 | -€853 | -96.3% |
| Gross operating margin | 9900 | €458,708 | €468,812 | +€10,104 | +2.2% |
| Operating profit (loss) | 9901 | €22,651 | -€11,186 | -€33,837 | |
| Financial income | 75/76B | €860 | €6,050 | +€5,190 | +603.4% |
| Recurring financial income | 75 | €860 | €6,050 | +€5,190 | +603.4% |
| Financial charges | 65/66B | €19,632 | €11,335 | -€8,297 | -42.3% |
| Recurring financial charges | 65 | €19,632 | €11,335 | -€8,297 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €3,879 | -€16,471 | -€20,350 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €3,879 | -€16,471 | -€20,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,879 | -€16,471 | -€20,350 |
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 29 September 2026 via checked.be.