UE FINANCE: 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.
UE FINANCE
Largest movements
- Financial fixed assets +€735,915
up €735,915 (+112%), from €654,602 to €1.4m
- Receivables within one year +€192,156
up €192,156 (+82.4%), from €233,127 to €425,283
- Cash +€62,501
up €62,501 (+188%), from €33,192 to €95,694
mainly Other debts (+€598,820) and Debts after one year (+€402,959)
- Other debts +€598,820
up €598,820 (+475%), from €126,048 to €724,868
- Debts after one year +€402,959
up €402,959 (+56.1%), from €718,693 to €1.1m
- Profit (loss) carried forward -€27,316
down €27,316 (-58.8%), from -€46,421 to -€73,737
- Financial charges +€10,610
up €10,610 (+39.4%), from €26,954 to €37,564
- Financial income +€7,209
up €7,209 (+90.3%), from €7,987 to €15,196
- Gross operating margin -€660
down €660 (-23.6%), from -€2,797 to -€3,456
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 | €1,310,880 | €2,279,352 | +€968,472 | +73.9% |
| Formation expenses | 20 | €538 | €192 | -€347 | -64.4% |
| Fixed assets | 21/28 | €654,602 | €1,390,517 | +€735,915 | +112% |
| Financial fixed assets | 28 | €654,602 | €1,390,517 | +€735,915 | +112% |
| Current assets | 29/58 | €655,739 | €888,643 | +€232,904 | +35.5% |
| Amounts receivable after more than one year | 29 | €389,420 | €367,667 | -€21,753 | -5.6% |
| Other amounts receivable | 291 | €389,420 | €367,667 | -€21,753 | -5.6% |
| Amounts receivable within one year | 40/41 | €233,127 | €425,283 | +€192,156 | +82.4% |
| Other amounts receivable | 41 | €233,127 | €425,283 | +€192,156 | +82.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,192 | €95,694 | +€62,501 | +188% |
| Total equity and liabilities | 10/49 | €1,310,880 | €2,279,352 | +€968,472 | +73.9% |
| Equity | 10/15 | €313,579 | €286,263 | -€27,316 | -8.7% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,421 | -€73,737 | -€27,316 | -58.8% |
| Amounts payable | 17/49 | €997,301 | €1,993,090 | +€995,789 | +99.8% |
| Amounts payable after more than one year | 17 | €718,693 | €1,121,652 | +€402,959 | +56.1% |
| Financial debts | 170/4 | €718,693 | €1,121,652 | +€402,959 | +56.1% |
| Amounts payable within one year | 42/48 | €237,722 | €836,109 | +€598,388 | +252% |
| Current portion of amounts payable after more than one year | 42 | €110,601 | €111,242 | +€640 | +0.6% |
| Trade debts | 44 | €1,073 | €0 | -€1,073 | -100% |
| Suppliers | 440/4 | €1,073 | €0 | -€1,073 | -100% |
| Other amounts payable | 47/48 | €126,048 | €724,868 | +€598,820 | +475% |
| Accrued charges and deferred income | 492/3 | €40,887 | €35,328 | -€5,558 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €347 | = | 0.0% |
| Other operating charges | 640/8 | €1,158 | €1,145 | -€12 | -1.1% |
| Gross operating margin | 9900 | -€2,797 | -€3,456 | -€660 | -23.6% |
| Operating profit (loss) | 9901 | -€4,301 | -€4,948 | -€647 | -15.1% |
| Financial income | 75/76B | €7,987 | €15,196 | +€7,209 | +90.3% |
| Recurring financial income | 75 | €7,987 | €15,196 | +€7,209 | +90.3% |
| Financial charges | 65/66B | €26,954 | €37,564 | +€10,610 | +39.4% |
| Recurring financial charges | 65 | €26,954 | €37,564 | +€10,610 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,269 | -€27,316 | -€4,048 | -17.4% |
| Profit (loss) for the period | 9904 | -€23,269 | -€27,316 | -€4,048 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,269 | -€27,316 | -€4,048 | -17.4% |
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 30 October 2026 via checked.be.