Udikkema: 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.
Udikkema
Largest movements
- Tangible fixed assets +€541,145
up €541,145 (+224%), from €241,372 to €782,517
of which Land and buildings: +€556,653
- Cash -€162,052
down €162,052 (-68.0%), from €238,234 to €76,183
mainly Investment in fixed assets (net) (-€584,391) and Receivables within one year (-€119,040)
- Receivables within one year +€119,040
up €119,040 (+46.8%), from €254,434 to €373,474
of which Trade receivables: +€68,809
- Debts after one year +€411,444
up €411,444 (+301%), from €136,483 to €547,928
- Trade debts +€71,277
up €71,277 (+336%), from €21,191 to €92,468
- Reserves +€29,249
up €29,249 (+6.7%), from €439,373 to €468,622
- Accrued charges and deferred income -€18,252
down €18,252 (-79.8%), from €22,868 to €4,616
- Gross operating margin -€51,167
down €51,167 (-15.8%), from €324,295 to €273,129
- Taxes -€24,063
down €24,063 (-66.1%), from €36,380 to €12,317
- Depreciation +€19,872
up €19,872 (+85.0%), from €23,374 to €43,246
- Financial charges +€8,686
up €8,686 (+134%), from €6,469 to €15,155
- Financial income -€5,940
down €5,940 (-42.8%), from €13,892 to €7,952
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 | €774,402 | €1,265,311 | +€490,909 | +63.4% |
| Fixed assets | 21/28 | €246,172 | €787,317 | +€541,145 | +220% |
| Tangible fixed assets | 22/27 | €241,372 | €782,517 | +€541,145 | +224% |
| Land and buildings | 22 | €198,233 | €754,886 | +€556,653 | +281% |
| Plant, machinery and equipment | 23 | €7,223 | €5,257 | -€1,966 | -27.2% |
| Furniture and vehicles | 24 | €26,082 | €22,374 | -€3,708 | -14.2% |
| Other tangible fixed assets | 26 | €9,835 | - | -€9,835 | |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €528,230 | €477,994 | -€50,236 | -9.5% |
| Stocks and contracts in progress | 3 | €19,109 | €18,655 | -€454 | -2.4% |
| Stocks | 30/36 | €19,109 | €18,655 | -€454 | -2.4% |
| Amounts receivable within one year | 40/41 | €254,434 | €373,474 | +€119,040 | +46.8% |
| Trade receivables | 40 | €14,273 | €83,082 | +€68,809 | +482% |
| Other amounts receivable | 41 | €240,161 | €290,392 | +€50,231 | +20.9% |
| Cash at bank and in hand | 54/58 | €238,234 | €76,183 | -€162,052 | -68.0% |
| Deferred charges and accrued income | 490/1 | €16,452 | €9,682 | -€6,771 | -41.2% |
| Total equity and liabilities | 10/49 | €774,402 | €1,265,311 | +€490,909 | +63.4% |
| Equity | 10/15 | €548,938 | €578,187 | +€29,249 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €439,373 | €468,622 | +€29,249 | +6.7% |
| Distributable reserves | 133 | €439,373 | €468,622 | +€29,249 | +6.7% |
| Profit (loss) carried forward | 14 | €90,964 | €90,964 | = | 0.0% |
| Amounts payable | 17/49 | €225,464 | €687,124 | +€461,659 | +205% |
| Amounts payable after more than one year | 17 | €136,483 | €547,928 | +€411,444 | +301% |
| Financial debts | 170/4 | €136,483 | €547,928 | +€411,444 | +301% |
| Amounts payable within one year | 42/48 | €66,113 | €134,580 | +€68,467 | +104% |
| Current portion of amounts payable after more than one year | 42 | €5,362 | €5,583 | +€221 | +4.1% |
| Trade debts | 44 | €21,191 | €92,468 | +€71,277 | +336% |
| Suppliers | 440/4 | €21,191 | €92,468 | +€71,277 | +336% |
| Taxes, remuneration and social security | 45 | €39,559 | €36,529 | -€3,031 | -7.7% |
| Taxes | 450/3 | €39,559 | €36,529 | -€3,031 | -7.7% |
| Accrued charges and deferred income | 492/3 | €22,868 | €4,616 | -€18,252 | -79.8% |
| Remuneration, social security and pensions | 62 | €180,127 | €178,136 | -€1,991 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,374 | €43,246 | +€19,872 | +85.0% |
| Other operating charges | 640/8 | €3,306 | €2,976 | -€330 | -10.0% |
| Gross operating margin | 9900 | €324,295 | €273,129 | -€51,167 | -15.8% |
| Operating profit (loss) | 9901 | €117,487 | €48,770 | -€68,717 | -58.5% |
| Financial income | 75/76B | €13,892 | €7,952 | -€5,940 | -42.8% |
| Recurring financial income | 75 | €13,892 | €7,952 | -€5,940 | -42.8% |
| Financial charges | 65/66B | €6,469 | €15,155 | +€8,686 | +134% |
| Recurring financial charges | 65 | €6,469 | €15,155 | +€8,686 | +134% |
| Profit (loss) for the period before taxes | 9903 | €124,910 | €41,566 | -€83,344 | -66.7% |
| Income taxes | 67/77 | €36,380 | €12,317 | -€24,063 | -66.1% |
| Profit (loss) for the period | 9904 | €88,529 | €29,249 | -€59,280 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,529 | €29,249 | -€59,280 | -67.0% |
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 29 October 2026 via checked.be.