UEG Belgium: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
UEG Belgium
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-94.7%), from €1.6m to €86,900
- Receivables within one year +€951,513
up €951,513 (+153%), from €622,163 to €1.6m
of which Other amounts receivable: +€849,927
- Cash +€193,721
up €193,721 (+36.6%), from €528,716 to €722,437
mainly Stocks and contracts (+€1.5m) and Net result for the year (+€157,748)
- Deferred charges and accrued income +€72,962
up €72,962 (+2,576%), from €2,832 to €75,794
- Trade debts -€440,306
down €440,306 (-18.5%), from €2.4m to €1.9m
- Accrued charges and deferred income -€164,347
no longer reported in 2024 (was €164,347)
- Profit (loss) carried forward +€157,748
up €157,748 (+609%), from €25,890 to €183,638
- Tax, wage and social debts +€101,331
up €101,331 (+48.4%), from €209,174 to €310,505
of which Taxes: +€76,665
- Gross operating margin +€3.1m
up €3.1m (+8,755%), from €35,328 to €3.1m
- Other operating charges +€2.6m
up €2.6m (+664,330%), from €384 to €2.6m
- Staff costs +€309,949
new in 2024: €309,949
- Taxes +€55,128
up €55,128 (+639%), from €8,630 to €63,758
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,779,188 | €2,458,807 | -€320,380 | -11.5% |
| Current assets | 29/58 | €2,779,188 | €2,458,807 | -€320,380 | -11.5% |
| Stocks and contracts in progress | 3 | €1,625,477 | €86,900 | -€1.5m | -94.7% |
| Stocks | 30/36 | €1,625,477 | €86,900 | -€1.5m | -94.7% |
| Amounts receivable within one year | 40/41 | €622,163 | €1,573,676 | +€951,513 | +153% |
| Trade receivables | 40 | €609,513 | €711,099 | +€101,586 | +16.7% |
| Other amounts receivable | 41 | €12,650 | €862,577 | +€849,927 | +6,719% |
| Cash at bank and in hand | 54/58 | €528,716 | €722,437 | +€193,721 | +36.6% |
| Deferred charges and accrued income | 490/1 | €2,832 | €75,794 | +€72,962 | +2,576% |
| Total equity and liabilities | 10/49 | €2,779,188 | €2,458,807 | -€320,380 | -11.5% |
| Equity | 10/15 | €26,890 | €184,638 | +€157,748 | +587% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,890 | €183,638 | +€157,748 | +609% |
| Amounts payable | 17/49 | €2,752,297 | €2,274,170 | -€478,128 | -17.4% |
| Amounts payable within one year | 42/48 | €2,587,950 | €2,274,170 | -€313,780 | -12.1% |
| Trade debts | 44 | €2,378,776 | €1,938,470 | -€440,306 | -18.5% |
| Suppliers | 440/4 | €2,378,776 | €1,938,470 | -€440,306 | -18.5% |
| Advances received on contracts in progress | 46 | - | €13,879 | +€13,879 | |
| Taxes, remuneration and social security | 45 | €209,174 | €310,505 | +€101,331 | +48.4% |
| Taxes | 450/3 | €209,174 | €285,839 | +€76,665 | +36.7% |
| Remuneration and social security | 454/9 | - | €24,666 | +€24,666 | |
| Other amounts payable | 47/48 | - | €11,316 | +€11,316 | |
| Accrued charges and deferred income | 492/3 | €164,347 | - | -€164,347 | |
| Remuneration, social security and pensions | 62 | - | €309,949 | +€309,949 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,219 | +€30,219 | |
| Other operating charges | 640/8 | €384 | €2,554,335 | +€2.6m | +664,330% |
| Gross operating margin | 9900 | €35,328 | €3,128,147 | +€3.1m | +8,755% |
| Operating profit (loss) | 9901 | €34,944 | €233,645 | +€198,701 | +569% |
| Financial charges | 65/66B | €423 | €12,139 | +€11,716 | +2,767% |
| Recurring financial charges | 65 | €423 | €12,139 | +€11,716 | +2,767% |
| Profit (loss) for the period before taxes | 9903 | €34,520 | €221,506 | +€186,986 | +542% |
| Income taxes | 67/77 | €8,630 | €63,758 | +€55,128 | +639% |
| Profit (loss) for the period | 9904 | €25,890 | €157,748 | +€131,857 | +509% |
| Profit (loss) for the period to be appropriated | 9905 | €25,890 | €157,748 | +€131,857 | +509% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.