UFFIZI: 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.
UFFIZI
Largest movements
- Tangible fixed assets -€24,622
down €24,622 (-10.4%), from €236,924 to €212,302
of which Land and buildings: -€20,420
- Cash -€6,041
down €6,041 (-16.9%), from €35,697 to €29,656
mainly Other debts (-€32,588) and Trade debts (-€7,699)
- Stocks and contracts +€5,256
up €5,256 (+3.5%), from €149,714 to €154,969
- Other debts -€32,588
down €32,588 (-41.2%), from €79,088 to €46,500
- Reserves +€9,672
up €9,672 (+3.8%), from €255,693 to €265,366
of which Distributable reserves: +€15,869
- Trade debts -€7,699
down €7,699 (-54.8%), from €14,043 to €6,344
- Gross operating margin +€18,390
up €18,390 (+50.2%), from €36,610 to €55,000
- Taxes +€5,913
up €5,913 (+2048.4%), from €289 to €6,201
- Depreciation -€1,320
down €1,320 (-5.1%), from €25,941 to €24,622
- Financial charges +€779
up €779 (+9.0%), from €8,625 to €9,404
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,731 | €442,064 | -€27,667 | -5.9% |
| Fixed assets | 21/28 | €237,081 | €212,460 | -€24,622 | -10.4% |
| Tangible fixed assets | 22/27 | €236,924 | €212,302 | -€24,622 | -10.4% |
| Land and buildings | 22 | €207,582 | €187,162 | -€20,420 | -9.8% |
| Plant, machinery and equipment | 23 | €412 | €206 | -€206 | -50.0% |
| Furniture and vehicles | 24 | €27,455 | €24,197 | -€3,258 | -11.9% |
| Other tangible fixed assets | 26 | €1,475 | €737 | -€737 | -50.0% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €232,650 | €229,604 | -€3,045 | -1.3% |
| Stocks and contracts in progress | 3 | €149,714 | €154,969 | +€5,256 | +3.5% |
| Stocks | 30/36 | €149,714 | €154,969 | +€5,256 | +3.5% |
| Amounts receivable within one year | 40/41 | €45,526 | €43,302 | -€2,224 | -4.9% |
| Trade receivables | 40 | €38,181 | €35,150 | -€3,031 | -7.9% |
| Other amounts receivable | 41 | €7,345 | €8,152 | +€807 | +11.0% |
| Cash at bank and in hand | 54/58 | €35,697 | €29,656 | -€6,041 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,713 | €1,677 | -€36 | -2.1% |
| Total equity and liabilities | 10/49 | €469,731 | €442,064 | -€27,667 | -5.9% |
| Equity | 10/15 | €316,071 | €327,366 | +€11,294 | +3.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €255,693 | €265,366 | +€9,672 | +3.8% |
| Non-distributable reserves | 130/1 | €6,200 | €3 | -€6,197 | -100.0% |
| Reserves not available under the articles | 1311 | €6,200 | €3 | -€6,197 | -100.0% |
| Distributable reserves | 133 | €249,493 | €265,363 | +€15,869 | +6.4% |
| Profit (loss) carried forward | 14 | -€1,622 | €0 | +€1,622 | |
| Amounts payable | 17/49 | €153,660 | €114,698 | -€38,961 | -25.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93,402 | €56,309 | -€37,093 | -39.7% |
| Trade debts | 44 | €14,043 | €6,344 | -€7,699 | -54.8% |
| Suppliers | 440/4 | €14,043 | €6,344 | -€7,699 | -54.8% |
| Taxes, remuneration and social security | 45 | €271 | €3,466 | +€3,195 | +1179.4% |
| Taxes | 450/3 | €271 | €3,466 | +€3,195 | +1179.4% |
| Other amounts payable | 47/48 | €79,088 | €46,500 | -€32,588 | -41.2% |
| Accrued charges and deferred income | 492/3 | €10,258 | €8,389 | -€1,868 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,941 | €24,622 | -€1,320 | -5.1% |
| Other operating charges | 640/8 | €3,392 | €3,479 | +€87 | +2.6% |
| Gross operating margin | 9900 | €36,610 | €55,000 | +€18,390 | +50.2% |
| Operating profit (loss) | 9901 | €7,277 | €26,899 | +€19,622 | +269.6% |
| Financial charges | 65/66B | €8,625 | €9,404 | +€779 | +9.0% |
| Recurring financial charges | 65 | €8,625 | €9,404 | +€779 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,348 | €17,496 | +€18,844 | |
| Income taxes | 67/77 | €289 | €6,201 | +€5,913 | +2048.4% |
| Profit (loss) for the period | 9904 | -€1,637 | €11,294 | +€12,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,637 | €11,294 | +€12,931 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.