UE HOLDING: 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 HOLDING
Largest movements
- Cash +€367,867
up €367,867 (+235%), from €156,447 to €524,314
mainly Net result for the year (+€1.7m) and Debts after one year (+€48,296)
- Financial fixed assets +€268,298
up €268,298 (+1.6%), from €17.0m to €17.3m
- Reserves +€1.7m
up €1.7m (+71.6%), from €2.4m to €4.2m
of which Distributable reserves: +€1.7m
- Other debts -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Financial income +€318,556
up €318,556 (+21.8%), from €1.5m to €1.8m
of which Financial income: +€318,556
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 | €18,628,481 | €19,252,686 | +€624,204 | +3.4% |
| Formation expenses | 20 | €3,465 | €1,504 | -€1,961 | -56.6% |
| Fixed assets | 21/28 | €17,044,408 | €17,312,706 | +€268,298 | +1.6% |
| Financial fixed assets | 28 | €17,044,408 | €17,312,706 | +€268,298 | +1.6% |
| Current assets | 29/58 | €1,580,608 | €1,938,476 | +€357,867 | +22.6% |
| Amounts receivable within one year | 40/41 | €1,424,161 | €1,414,161 | -€10,000 | -0.7% |
| Other amounts receivable | 41 | €1,424,161 | €1,414,161 | -€10,000 | -0.7% |
| Cash at bank and in hand | 54/58 | €156,447 | €524,314 | +€367,867 | +235% |
| Total equity and liabilities | 10/49 | €18,628,481 | €19,252,686 | +€624,204 | +3.4% |
| Equity | 10/15 | €16,788,675 | €18,537,359 | +€1.7m | +10.4% |
| Contributions | 10/11 | €14,345,000 | €14,345,000 | = | 0.0% |
| Capital | 10 | €14,345,000 | €14,345,000 | = | 0.0% |
| Issued capital | 100 | €14,345,000 | €14,345,000 | = | 0.0% |
| Reserves | 13 | €2,443,675 | €4,192,359 | +€1.7m | +71.6% |
| Non-distributable reserves | 130/1 | €283,000 | €371,000 | +€88,000 | +31.1% |
| Legal reserve | 130 | €283,000 | €371,000 | +€88,000 | +31.1% |
| Distributable reserves | 133 | €2,160,675 | €3,821,359 | +€1.7m | +76.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,839,806 | €715,327 | -€1.1m | -61.1% |
| Amounts payable after more than one year | 17 | €513,621 | €561,917 | +€48,296 | +9.4% |
| Financial debts | 170/4 | €513,621 | €561,917 | +€48,296 | +9.4% |
| Amounts payable within one year | 42/48 | €1,326,138 | €153,400 | -€1.2m | -88.4% |
| Current portion of amounts payable after more than one year | 42 | €105,127 | €153,400 | +€48,273 | +45.9% |
| Trade debts | 44 | €1,053 | €0 | -€1,053 | -100% |
| Suppliers | 440/4 | €1,053 | €0 | -€1,053 | -100% |
| Other amounts payable | 47/48 | €1,219,959 | €0 | -€1.2m | -100% |
| Accrued charges and deferred income | 492/3 | €47 | €10 | -€37 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,961 | €1,961 | = | 0.0% |
| Other operating charges | 640/8 | €1,138 | €1,261 | +€124 | +10.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €0 | - | = | |
| Operating profit (loss) | 9901 | -€3,098 | -€3,222 | -€124 | -4.0% |
| Financial income | 75/76B | €1,458,488 | €1,777,044 | +€318,556 | +21.8% |
| Recurring financial income | 75 | €1,458,488 | €1,777,044 | +€318,556 | +21.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €23,568 | €25,138 | +€1,570 | +6.7% |
| Recurring financial charges | 65 | €18,431 | €25,138 | +€6,708 | +36.4% |
| Non-recurring financial charges | 66B | €5,137 | €0 | -€5,137 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,431,822 | €1,748,684 | +€316,862 | +22.1% |
| Profit (loss) for the period | 9904 | €1,431,822 | €1,748,684 | +€316,862 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,431,822 | €1,748,684 | +€316,862 | +22.1% |
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 27 October 2026 via checked.be.