UCO: 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
UCO
NACE 46.411, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€223,748
2024 · -€12.4m+€12.6m
Equity
€45.0m
2024 · €44.7m+€223,748
Cash
€17,701
2024 · €11,412+€6,288
Balance sheet total
€63.8m
2024 · €64.3m-€484,619
Largest movements
Assets
- Receivables after one year -€1.1m
down €1.1m (-97.4%), from €1.2m to €30,000
- Receivables within one year +€665,872
up €665,872 (+26.1%), from €2.6m to €3.2m
of which Other amounts receivable: +€788,137
Equity and liabilities
- Other debts -€996,685
down €996,685 (-17.8%), from €5.6m to €4.6m
Income statement
- Financial charges -€16.1m
down €16.1m (-95.1%), from €17.0m to €823,933
of which Non-recurring financial charges: -€16.0m
- Financial income -€3.7m
down €3.7m (-74.3%), from €4.9m to €1.3m
- Turnover -€136,418
down €136,418 (-36.9%), from €369,315 to €232,896
- Goods and materials -€133,858
down €133,858 (-37.0%), from €362,070 to €228,212
- Services and other goods +€31,807
up €31,807 (+11.7%), from €272,348 to €304,156
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
-€12.4m
Turnover
-€136,418
Other operating income
+€783
Goods and materials
+€133,858
Services and other goods
-€31,807
Staff costs
-€2,061
Depreciation
+€2,567
Other operating charges
-€654
Other operating items
+€162,937
Financial income
-€3.7m
Financial charges
+€16.1m
Taxes
-€4
Result 2025
€223,748
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
+€30,258
Investment
€0
Financing
-€23,970
Cash 2024
€11,412
From operations (derived)
+€30,258
Net result for the year
+€223,748
Depreciation
+€20,429
Receivables after one year
+€1.1m
Receivables within one year
-€665,872
Deferred charges and accrued income
+€12,726
Trade debts
-€26,169
Tax, wage and social debts
+€471
Other debts
-€996,685
Accrued charges and deferred income
+€337,986
Financing
-€23,970
Debts after one year
-€23,970
Cash 2025
€17,701
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,265,093 | €63,780,473 | -€484,619 | -0.8% |
| Fixed assets | 21/28 | €60,461,935 | €60,441,506 | -€20,429 | 0.0% |
| Tangible fixed assets | 22/27 | €40,848 | €20,419 | -€20,429 | -50.0% |
| Furniture and vehicles | 24 | €10,507 | €2,611 | -€7,896 | -75.2% |
| Other tangible fixed assets | 26 | €30,342 | €17,808 | -€12,533 | -41.3% |
| Financial fixed assets | 28 | €60,421,087 | €60,421,087 | = | 0.0% |
| Affiliated companies | 280/1 | €56,359,110 | €56,359,110 | = | 0.0% |
| Participating interests | 280 | €56,359,110 | €56,359,110 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €4,060,442 | €4,060,442 | = | 0.0% |
| Participating interests | 282 | €4,060,442 | €4,060,442 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,535 | €1,535 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,535 | €1,535 | = | 0.0% |
| Current assets | 29/58 | €3,803,158 | €3,338,968 | -€464,190 | -12.2% |
| Amounts receivable after more than one year | 29 | €1,153,624 | €30,000 | -€1.1m | -97.4% |
| Other amounts receivable | 291 | €1,153,624 | €30,000 | -€1.1m | -97.4% |
| Stocks and contracts in progress | 3 | €2 | €2 | = | 0.0% |
| Stocks | 30/36 | €2 | €2 | = | 0.0% |
| Goods purchased for resale | 34 | €2 | €2 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,554,618 | €3,220,490 | +€665,872 | +26.1% |
| Trade receivables | 40 | €598,008 | €475,743 | -€122,265 | -20.4% |
| Other amounts receivable | 41 | €1,956,610 | €2,744,747 | +€788,137 | +40.3% |
| Cash at bank and in hand | 54/58 | €11,412 | €17,701 | +€6,288 | +55.1% |
| Deferred charges and accrued income | 490/1 | €83,501 | €70,775 | -€12,726 | -15.2% |
| Total equity and liabilities | 10/49 | €64,265,093 | €63,780,473 | -€484,619 | -0.8% |
| Equity | 10/15 | €44,737,433 | €44,961,180 | +€223,748 | +0.5% |
| Contributions | 10/11 | €18,500,000 | €18,500,000 | = | 0.0% |
| Capital | 10 | €18,500,000 | €18,500,000 | = | 0.0% |
| Issued capital | 100 | €18,500,000 | €18,500,000 | = | 0.0% |
| Reserves | 13 | €27,597,384 | €27,597,384 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850,000 | €1,850,000 | = | 0.0% |
| Legal reserve | 130 | €1,850,000 | €1,850,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,429,261 | €24,429,261 | = | 0.0% |
| Distributable reserves | 133 | €1,318,123 | €1,318,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,359,951 | -€1,136,203 | +€223,748 | +16.5% |
| Amounts payable | 17/49 | €19,527,660 | €18,819,293 | -€708,367 | -3.6% |
| Amounts payable after more than one year | 17 | €10,936,628 | €10,912,658 | -€23,970 | -0.2% |
| Financial debts | 170/4 | €10,936,628 | €10,912,658 | -€23,970 | -0.2% |
| Other loans | 174 | €10,936,628 | €10,912,658 | -€23,970 | -0.2% |
| Amounts payable within one year | 42/48 | €8,123,249 | €7,100,866 | -€1.0m | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €2,400,000 | €2,400,000 | = | 0.0% |
| Trade debts | 44 | €106,757 | €80,589 | -€26,169 | -24.5% |
| Suppliers | 440/4 | €106,757 | €80,589 | -€26,169 | -24.5% |
| Taxes, remuneration and social security | 45 | €7,962 | €8,432 | +€471 | +5.9% |
| Remuneration and social security | 454/9 | €7,962 | €8,432 | +€471 | +5.9% |
| Other amounts payable | 47/48 | €5,608,529 | €4,611,845 | -€996,685 | -17.8% |
| Accrued charges and deferred income | 492/3 | €467,783 | €805,769 | +€337,986 | +72.3% |
| Operating income | 70/76A | €369,411 | €391,365 | +€21,954 | +5.9% |
| Turnover | 70 | €369,315 | €232,896 | -€136,418 | -36.9% |
| Other operating income | 74 | €96 | €879 | +€783 | +813.1% |
| Non-recurring operating income | 76A | - | €157,589 | +€157,589 | |
| Operating charges | 60/66A | €713,367 | €606,116 | -€107,251 | -15.0% |
| Goods for resale, raw materials and consumables | 60 | €362,070 | €228,212 | -€133,858 | -37.0% |
| Purchases | 600/8 | €362,070 | €228,212 | -€133,858 | -37.0% |
| Services and other goods | 61 | €272,348 | €304,156 | +€31,807 | +11.7% |
| Remuneration, social security and pensions | 62 | €30,431 | €32,492 | +€2,061 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,996 | €20,429 | -€2,567 | -11.2% |
| Other operating charges | 640/8 | €6,736 | €7,390 | +€654 | +9.7% |
| Non-recurring operating charges | 66A | €18,785 | €13,438 | -€5,348 | -28.5% |
| Operating profit (loss) | 9901 | -€343,956 | -€214,752 | +€129,205 | +37.6% |
| Financial income | 75/76B | €4,916,941 | €1,263,132 | -€3.7m | -74.3% |
| Recurring financial income | 75 | €4,916,941 | €1,263,132 | -€3.7m | -74.3% |
| Income from financial fixed assets | 750 | €4,351,392 | €617,594 | -€3.7m | -85.8% |
| Income from current assets | 751 | €558,726 | €545,153 | -€13,574 | -2.4% |
| Other financial income | 752/9 | €6,823 | €100,385 | +€93,562 | +1371.3% |
| Financial charges | 65/66B | €16,962,015 | €823,933 | -€16.1m | -95.1% |
| Recurring financial charges | 65 | €675,415 | €535,679 | -€139,736 | -20.7% |
| Debt charges | 650 | €587,013 | €451,512 | -€135,501 | -23.1% |
| Other financial charges | 652/9 | €88,402 | €84,167 | -€4,234 | -4.8% |
| Non-recurring financial charges | 66B | €16,286,600 | €288,254 | -€16.0m | -98.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,389,029 | €224,447 | +€12.6m | |
| Income taxes | 67/77 | €695 | €699 | +€4 | +0.6% |
| Taxes | 670/3 | €695 | €699 | +€4 | +0.6% |
| Profit (loss) for the period | 9904 | -€12,389,724 | €223,748 | +€12.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,389,724 | €223,748 | +€12.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.