UELI: what changed
Two fiscal 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.
UELI
Largest movements
- Current investments -€58,002
down €58,002 (-26.4%), from €220,000 to €161,998
- Cash +€55,330
up €55,330 (+127.6%), from €43,375 to €98,705
mainly Net result for the year (+€223,600) and Current investments (+€58,002)
- Reserves +€223,600
up €223,600 (+56.9%), from €392,754 to €616,354
of which Distributable reserves: +€139,400
- Other debts -€192,549
down €192,549 (-90.8%), from €212,138 to €19,589
- Tax, wage and social debts -€34,709
down €34,709 (-72.9%), from €47,615 to €12,906
- Gross operating margin +€26,179
up €26,179 (+10.4%), from €250,791 to €276,971
- Taxes -€8,175
down €8,175 (-13.0%), from €62,715 to €54,540
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.
Cash bridge derived
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 | €671,291 | €667,399 | -€3,892 | -0.6% |
| Fixed assets | 21/28 | €375,355 | €376,374 | +€1,019 | +0.3% |
| Tangible fixed assets | 22/27 | €355 | €1,374 | +€1,019 | +287.0% |
| Furniture and vehicles | 24 | €355 | €1,374 | +€1,019 | +287.0% |
| Financial fixed assets | 28 | €375,000 | €375,000 | = | 0.0% |
| Current assets | 29/58 | €295,936 | €291,024 | -€4,911 | -1.7% |
| Amounts receivable within one year | 40/41 | €31,648 | €30,321 | -€1,327 | -4.2% |
| Trade receivables | 40 | €24,363 | €25,361 | +€997 | +4.1% |
| Other amounts receivable | 41 | €7,285 | €4,960 | -€2,325 | -31.9% |
| Current investments | 50/53 | €220,000 | €161,998 | -€58,002 | -26.4% |
| Cash at bank and in hand | 54/58 | €43,375 | €98,705 | +€55,330 | +127.6% |
| Deferred charges and accrued income | 490/1 | €912 | - | -€912 | |
| Total equity and liabilities | 10/49 | €671,291 | €667,399 | -€3,892 | -0.6% |
| Equity | 10/15 | €411,304 | €634,904 | +€223,600 | +54.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €392,754 | €616,354 | +€223,600 | +56.9% |
| Tax-exempt reserves | 132 | €84,200 | €168,400 | +€84,200 | +100.0% |
| Distributable reserves | 133 | €308,554 | €447,954 | +€139,400 | +45.2% |
| Amounts payable | 17/49 | €259,987 | €32,495 | -€227,492 | -87.5% |
| Amounts payable within one year | 42/48 | €259,987 | €32,495 | -€227,492 | -87.5% |
| Trade debts | 44 | €234 | - | -€234 | |
| Suppliers | 440/4 | €234 | - | -€234 | |
| Taxes, remuneration and social security | 45 | €47,615 | €12,906 | -€34,709 | -72.9% |
| Taxes | 450/3 | €47,615 | €12,906 | -€34,709 | -72.9% |
| Other amounts payable | 47/48 | €212,138 | €19,589 | -€192,549 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €426 | +€60 | +16.5% |
| Other operating charges | 640/8 | €1,371 | €1,398 | +€27 | +2.0% |
| Gross operating margin | 9900 | €250,791 | €276,971 | +€26,179 | +10.4% |
| Operating profit (loss) | 9901 | €249,054 | €275,146 | +€26,092 | +10.5% |
| Financial income | 75/76B | €2,932 | €3,047 | +€115 | +3.9% |
| Recurring financial income | 75 | €2,932 | €3,047 | +€115 | +3.9% |
| Financial charges | 65/66B | €408 | €54 | -€354 | -86.8% |
| Recurring financial charges | 65 | €408 | €54 | -€354 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €251,579 | €278,139 | +€26,560 | +10.6% |
| Income taxes | 67/77 | €62,715 | €54,540 | -€8,175 | -13.0% |
| Profit (loss) for the period | 9904 | €188,864 | €223,600 | +€34,736 | +18.4% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,664 | €139,400 | +€34,736 | +33.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.