UF-O: 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.
UF-O
Largest movements
- Tangible fixed assets -€46,534
down €46,534 (-7.7%), from €607,526 to €560,992
of which Land and buildings: -€53,164
- Receivables within one year +€9,910
up €9,910 (+33.0%), from €30,022 to €39,932
of which Trade receivables: +€8,567
- Debts after one year -€73,592
down €73,592 (-20.8%), from €353,557 to €279,965
- Reserves +€47,010
up €47,010 (+35.0%), from €134,277 to €181,286
of which Distributable reserves: +€47,010
- Tax, wage and social debts +€23,416
up €23,416 (+150.0%), from €15,615 to €39,032
of which Taxes: +€11,779
- Other debts -€21,106
down €21,106 (-36.5%), from €57,813 to €36,707
- Gross operating margin +€11,963
up €11,963 (+4.3%), from €277,989 to €289,952
- Write-downs +€6,000
new in 2025: €6,000
- Financial charges -€4,312
down €4,312 (-20.5%), from €21,064 to €16,751
- Staff costs +€3,472
up €3,472 (+3.2%), from €109,178 to €112,649
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 | €669,003 | €634,528 | -€34,475 | -5.2% |
| Fixed assets | 21/28 | €607,526 | €560,992 | -€46,534 | -7.7% |
| Tangible fixed assets | 22/27 | €607,526 | €560,992 | -€46,534 | -7.7% |
| Land and buildings | 22 | €587,901 | €534,737 | -€53,164 | -9.0% |
| Plant, machinery and equipment | 23 | €8,333 | €13,454 | +€5,121 | +61.5% |
| Furniture and vehicles | 24 | €11,292 | €12,801 | +€1,508 | +13.4% |
| Current assets | 29/58 | €61,477 | €73,536 | +€12,059 | +19.6% |
| Amounts receivable within one year | 40/41 | €30,022 | €39,932 | +€9,910 | +33.0% |
| Trade receivables | 40 | €12,929 | €21,496 | +€8,567 | +66.3% |
| Other amounts receivable | 41 | €17,093 | €18,436 | +€1,343 | +7.9% |
| Cash at bank and in hand | 54/58 | €29,095 | €28,648 | -€447 | -1.5% |
| Deferred charges and accrued income | 490/1 | €2,359 | €4,955 | +€2,596 | +110.0% |
| Total equity and liabilities | 10/49 | €669,003 | €634,528 | -€34,475 | -5.2% |
| Equity | 10/15 | €140,477 | €187,486 | +€47,010 | +33.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €134,277 | €181,286 | +€47,010 | +35.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €134,277 | €181,286 | +€47,010 | +35.0% |
| Amounts payable | 17/49 | €528,526 | €447,041 | -€81,485 | -15.4% |
| Amounts payable after more than one year | 17 | €353,557 | €279,965 | -€73,592 | -20.8% |
| Financial debts | 170/4 | €353,557 | €279,965 | -€73,592 | -20.8% |
| Amounts payable within one year | 42/48 | €168,109 | €159,881 | -€8,228 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €82,303 | €80,347 | -€1,956 | -2.4% |
| Financial debts | 43 | €6,114 | €1,335 | -€4,779 | -78.2% |
| Credit institutions | 430/8 | €6,114 | €1,335 | -€4,779 | -78.2% |
| Trade debts | 44 | €6,264 | €2,460 | -€3,804 | -60.7% |
| Suppliers | 440/4 | €6,264 | €2,460 | -€3,804 | -60.7% |
| Taxes, remuneration and social security | 45 | €15,615 | €39,032 | +€23,416 | +150.0% |
| Taxes | 450/3 | €3,660 | €15,439 | +€11,779 | +321.8% |
| Remuneration and social security | 454/9 | €11,955 | €23,593 | +€11,637 | +97.3% |
| Other amounts payable | 47/48 | €57,813 | €36,707 | -€21,106 | -36.5% |
| Accrued charges and deferred income | 492/3 | €6,860 | €7,195 | +€335 | +4.9% |
| Remuneration, social security and pensions | 62 | €109,178 | €112,649 | +€3,472 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,498 | €73,783 | +€1,285 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €5,212 | €5,675 | +€463 | +8.9% |
| Non-recurring operating charges | 66A | €0 | €547 | +€547 | |
| Gross operating margin | 9900 | €277,989 | €289,952 | +€11,963 | +4.3% |
| Operating profit (loss) | 9901 | €91,102 | €91,298 | +€196 | +0.2% |
| Financial income | 75/76B | €15 | €396 | +€381 | +2620.5% |
| Recurring financial income | 75 | €15 | €396 | +€381 | +2620.5% |
| Financial charges | 65/66B | €21,064 | €16,751 | -€4,312 | -20.5% |
| Recurring financial charges | 65 | €21,064 | €16,751 | -€4,312 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €70,053 | €74,942 | +€4,889 | +7.0% |
| Income taxes | 67/77 | €25,324 | €27,933 | +€2,608 | +10.3% |
| Profit (loss) for the period | 9904 | €44,729 | €47,010 | +€2,281 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,729 | €47,010 | +€2,281 | +5.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.