UDECODE: 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.
UDECODE
Largest movements
- Receivables within one year +€52,589
up €52,589 (+158.6%), from €33,150 to €85,739
of which Trade receivables: +€49,636
- Tangible fixed assets +€28,671
up €28,671 (+75.9%), from €37,771 to €66,441
of which Furniture and vehicles: +€32,566
- Cash +€25,954
up €25,954 (+110.6%), from €23,459 to €49,413
mainly Net result for the year (+€74,483) and Trade debts (+€27,778)
- Profit (loss) carried forward +€64,483
up €64,483 (+109.1%), from €59,130 to €123,612
- Trade debts +€27,778
up €27,778 (+172.3%), from €16,118 to €43,896
- Other debts +€12,114
up €12,114 (+258.6%), from €4,684 to €16,798
- Tax, wage and social debts +€4,075
up €4,075 (+30.6%), from €13,299 to €17,374
of which Taxes: +€17,374
- Gross operating margin +€88,935
up €88,935 (+321.1%), from €27,700 to €116,636
- Staff costs -€21,094
down €21,094 (-61.1%), from €34,537 to €13,443
- Taxes +€12,696
up €12,696, from €0 to €12,696
- Depreciation -€1,579
down €1,579 (-9.2%), from €17,152 to €15,573
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 | €95,230 | €204,155 | +€108,925 | +114.4% |
| Fixed assets | 21/28 | €37,771 | €66,441 | +€28,671 | +75.9% |
| Tangible fixed assets | 22/27 | €37,771 | €66,441 | +€28,671 | +75.9% |
| Plant, machinery and equipment | 23 | €4,195 | €299 | -€3,896 | -92.9% |
| Furniture and vehicles | 24 | €27,980 | €60,546 | +€32,566 | +116.4% |
| Other tangible fixed assets | 26 | €5,596 | €5,596 | = | 0.0% |
| Current assets | 29/58 | €57,460 | €137,714 | +€80,254 | +139.7% |
| Amounts receivable within one year | 40/41 | €33,150 | €85,739 | +€52,589 | +158.6% |
| Trade receivables | 40 | €32,366 | €82,001 | +€49,636 | +153.4% |
| Other amounts receivable | 41 | €785 | €3,738 | +€2,953 | +376.3% |
| Cash at bank and in hand | 54/58 | €23,459 | €49,413 | +€25,954 | +110.6% |
| Deferred charges and accrued income | 490/1 | €851 | €2,562 | +€1,711 | +201.1% |
| Total equity and liabilities | 10/49 | €95,230 | €204,155 | +€108,925 | +114.4% |
| Equity | 10/15 | €61,130 | €125,612 | +€64,483 | +105.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,130 | €123,612 | +€64,483 | +109.1% |
| Amounts payable | 17/49 | €34,101 | €78,543 | +€44,442 | +130.3% |
| Amounts payable within one year | 42/48 | €34,101 | €78,543 | +€44,442 | +130.3% |
| Financial debts | 43 | - | €475 | +€475 | |
| Credit institutions | 430/8 | - | €475 | +€475 | |
| Trade debts | 44 | €16,118 | €43,896 | +€27,778 | +172.3% |
| Suppliers | 440/4 | €16,118 | €43,896 | +€27,778 | +172.3% |
| Taxes, remuneration and social security | 45 | €13,299 | €17,374 | +€4,075 | +30.6% |
| Taxes | 450/3 | €0 | €17,374 | +€17,374 | |
| Remuneration and social security | 454/9 | €13,299 | €0 | -€13,299 | -100.0% |
| Other amounts payable | 47/48 | €4,684 | €16,798 | +€12,114 | +258.6% |
| Remuneration, social security and pensions | 62 | €34,537 | €13,443 | -€21,094 | -61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,152 | €15,573 | -€1,579 | -9.2% |
| Other operating charges | 640/8 | €101 | €103 | +€2 | +2.0% |
| Gross operating margin | 9900 | €27,700 | €116,636 | +€88,935 | +321.1% |
| Operating profit (loss) | 9901 | -€24,091 | €87,516 | +€111,607 | |
| Financial income | 75/76B | €170 | €0 | -€170 | -100.0% |
| Recurring financial income | 75 | €170 | €0 | -€170 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €525 | €338 | -€188 | -35.7% |
| Recurring financial charges | 65 | €525 | €338 | -€188 | -35.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€24,445 | €87,179 | +€111,624 | |
| Income taxes | 67/77 | €0 | €12,696 | +€12,696 | |
| Profit (loss) for the period | 9904 | -€24,445 | €74,483 | +€98,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,445 | €74,483 | +€98,928 |
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 7 October 2026 via checked.be.