UCR Projects: 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.
UCR Projects
Largest movements
- Tangible fixed assets -€43,647
down €43,647 (-78.2%), from €55,819 to €12,172
- Receivables within one year -€7,812
down €7,812 (-10.4%), from €74,952 to €67,139
of which Trade receivables: -€6,420
- Debts after one year -€35,926
down €35,926 (-84.1%), from €42,738 to €6,812
- Current portion of long-term debt -€12,264
down €12,264 (-80.0%), from €15,335 to €3,071
- Tax, wage and social debts -€3,363
down €3,363 (-18.0%), from €18,682 to €15,319
- Trade debts -€2,843
down €2,843 (-55.3%), from €5,137 to €2,295
- Reserves +€1,695
up €1,695 (+3.3%), from €50,948 to €52,643
- Gross operating margin -€25,730
down €25,730 (-49.6%), from €51,906 to €26,176
- Taxes -€4,385
down €4,385 (-62.9%), from €6,975 to €2,590
- Depreciation -€3,270
down €3,270 (-14.7%), from €22,238 to €18,967
- Financial charges -€1,617
down €1,617 (-31.4%), from €5,146 to €3,529
- Other operating charges +€955
up €955 (+214.9%), from €444 to €1,399
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 | €135,762 | €83,383 | -€52,379 | -38.6% |
| Fixed assets | 21/28 | €55,819 | €12,172 | -€43,647 | -78.2% |
| Tangible fixed assets | 22/27 | €55,819 | €12,172 | -€43,647 | -78.2% |
| Furniture and vehicles | 24 | €55,819 | €12,172 | -€43,647 | -78.2% |
| Current assets | 29/58 | €79,943 | €71,211 | -€8,733 | -10.9% |
| Amounts receivable within one year | 40/41 | €74,952 | €67,139 | -€7,812 | -10.4% |
| Trade receivables | 40 | €12,930 | €6,509 | -€6,420 | -49.7% |
| Other amounts receivable | 41 | €62,022 | €60,630 | -€1,392 | -2.2% |
| Cash at bank and in hand | 54/58 | €4,098 | €3,869 | -€229 | -5.6% |
| Deferred charges and accrued income | 490/1 | €893 | €202 | -€691 | -77.3% |
| Total equity and liabilities | 10/49 | €135,762 | €83,383 | -€52,379 | -38.6% |
| Equity | 10/15 | €53,448 | €55,143 | +€1,695 | +3.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,948 | €52,643 | +€1,695 | +3.3% |
| Distributable reserves | 133 | €50,948 | €52,643 | +€1,695 | +3.3% |
| Amounts payable | 17/49 | €82,314 | €28,239 | -€54,075 | -65.7% |
| Amounts payable after more than one year | 17 | €42,738 | €6,812 | -€35,926 | -84.1% |
| Financial debts | 170/4 | €42,738 | €6,812 | -€35,926 | -84.1% |
| Amounts payable within one year | 42/48 | €39,155 | €20,685 | -€18,470 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €15,335 | €3,071 | -€12,264 | -80.0% |
| Trade debts | 44 | €5,137 | €2,295 | -€2,843 | -55.3% |
| Suppliers | 440/4 | €5,137 | €2,295 | -€2,843 | -55.3% |
| Taxes, remuneration and social security | 45 | €18,682 | €15,319 | -€3,363 | -18.0% |
| Taxes | 450/3 | €18,682 | €15,319 | -€3,363 | -18.0% |
| Accrued charges and deferred income | 492/3 | €421 | €743 | +€321 | +76.2% |
| Non-recurring operating income | 76A | - | €3,344 | +€3,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,238 | €18,967 | -€3,270 | -14.7% |
| Other operating charges | 640/8 | €444 | €1,399 | +€955 | +214.9% |
| Non-recurring operating charges | 66A | - | €1,463 | +€1,463 | |
| Gross operating margin | 9900 | €51,906 | €26,176 | -€25,730 | -49.6% |
| Operating profit (loss) | 9901 | €29,225 | €4,347 | -€24,878 | -85.1% |
| Financial income | 75/76B | €2,565 | €3,467 | +€902 | +35.2% |
| Recurring financial income | 75 | €2,565 | €3,467 | +€902 | +35.2% |
| Financial charges | 65/66B | €5,146 | €3,529 | -€1,617 | -31.4% |
| Recurring financial charges | 65 | €5,146 | €3,529 | -€1,617 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €26,644 | €4,286 | -€22,359 | -83.9% |
| Income taxes | 67/77 | €6,975 | €2,590 | -€4,385 | -62.9% |
| Profit (loss) for the period | 9904 | €19,669 | €1,695 | -€17,974 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,669 | €1,695 | -€17,974 | -91.4% |
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.