UDEKA: 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.
UDEKA
Largest movements
- Receivables within one year +€25,123
up €25,123 (+65.6%), from €38,291 to €63,414
of which Other amounts receivable: +€18,337
- Stocks and contracts -€23,906
down €23,906 (-23.1%), from €103,570 to €79,664
- Tangible fixed assets -€22,212
down €22,212 (-8.6%), from €257,869 to €235,657
of which Land and buildings: -€11,581
- Advances received -€10,284
down €10,284 (-82.4%), from €12,476 to €2,192
- Tax, wage and social debts -€10,047
down €10,047 (-63.4%), from €15,852 to €5,805
of which Remuneration and social security: -€7,953
- Trade debts -€9,096
down €9,096 (-84.2%), from €10,805 to €1,708
- Profit (loss) carried forward +€8,027
up €8,027 (+2.0%), from €393,177 to €401,204
- Gross operating margin -€68,451
down €68,451 (-37.6%), from €181,958 to €113,507
- Staff costs -€20,464
down €20,464 (-26.1%), from €78,303 to €57,838
- Taxes -€10,978
down €10,978 (-78.1%), from €14,057 to €3,079
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.
Derived cash bridge
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 | €506,401 | €480,058 | -€26,344 | -5.2% |
| Fixed assets | 21/28 | €258,562 | €236,350 | -€22,212 | -8.6% |
| Tangible fixed assets | 22/27 | €257,869 | €235,657 | -€22,212 | -8.6% |
| Land and buildings | 22 | €219,393 | €207,811 | -€11,581 | -5.3% |
| Plant, machinery and equipment | 23 | €18,151 | €14,539 | -€3,612 | -19.9% |
| Furniture and vehicles | 24 | €20,325 | €13,307 | -€7,019 | -34.5% |
| Financial fixed assets | 28 | €693 | €693 | = | 0.0% |
| Current assets | 29/58 | €247,839 | €243,708 | -€4,132 | -1.7% |
| Stocks and contracts in progress | 3 | €103,570 | €79,664 | -€23,906 | -23.1% |
| Stocks | 30/36 | €103,570 | €79,664 | -€23,906 | -23.1% |
| Amounts receivable within one year | 40/41 | €38,291 | €63,414 | +€25,123 | +65.6% |
| Trade receivables | 40 | €32,089 | €38,875 | +€6,786 | +21.1% |
| Other amounts receivable | 41 | €6,202 | €24,539 | +€18,337 | +296% |
| Cash at bank and in hand | 54/58 | €97,640 | €96,675 | -€964 | -1.0% |
| Deferred charges and accrued income | 490/1 | €8,338 | €3,954 | -€4,384 | -52.6% |
| Total equity and liabilities | 10/49 | €506,401 | €480,058 | -€26,344 | -5.2% |
| Equity | 10/15 | €449,447 | €457,474 | +€8,027 | +1.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €19,086 | €19,086 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,367 | €15,367 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,177 | €401,204 | +€8,027 | +2.0% |
| Amounts payable | 17/49 | €56,954 | €22,584 | -€34,370 | -60.3% |
| Amounts payable after more than one year | 17 | €10,871 | €6,706 | -€4,165 | -38.3% |
| Financial debts | 170/4 | €10,871 | €4,706 | -€6,165 | -56.7% |
| Other amounts payable | 178/9 | - | €2,000 | +€2,000 | |
| Amounts payable within one year | 42/48 | €45,175 | €15,870 | -€29,305 | -64.9% |
| Current portion of amounts payable after more than one year | 42 | €6,043 | €6,165 | +€122 | +2.0% |
| Trade debts | 44 | €10,805 | €1,708 | -€9,096 | -84.2% |
| Suppliers | 440/4 | €10,805 | €1,708 | -€9,096 | -84.2% |
| Advances received on contracts in progress | 46 | €12,476 | €2,192 | -€10,284 | -82.4% |
| Taxes, remuneration and social security | 45 | €15,852 | €5,805 | -€10,047 | -63.4% |
| Taxes | 450/3 | €3,057 | €963 | -€2,094 | -68.5% |
| Remuneration and social security | 454/9 | €12,794 | €4,842 | -€7,953 | -62.2% |
| Accrued charges and deferred income | 492/3 | €908 | €8 | -€900 | -99.1% |
| Remuneration, social security and pensions | 62 | €78,303 | €57,838 | -€20,464 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,803 | €31,058 | +€254 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,551 | €8,112 | -€439 | -5.1% |
| Other operating charges | 640/8 | €4,918 | €5,067 | +€148 | +3.0% |
| Gross operating margin | 9900 | €181,958 | €113,507 | -€68,451 | -37.6% |
| Operating profit (loss) | 9901 | €59,383 | €11,432 | -€47,951 | -80.7% |
| Financial income | 75/76B | €65 | €85 | +€19 | +29.8% |
| Recurring financial income | 75 | €65 | €85 | +€19 | +29.8% |
| Financial charges | 65/66B | €539 | €411 | -€128 | -23.7% |
| Recurring financial charges | 65 | €539 | €411 | -€128 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €58,909 | €11,106 | -€47,803 | -81.1% |
| Income taxes | 67/77 | €14,057 | €3,079 | -€10,978 | -78.1% |
| Profit (loss) for the period | 9904 | €44,852 | €8,027 | -€36,826 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,852 | €8,027 | -€36,826 | -82.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.