UFinance: 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.
UFinance
Largest movements
- Cash +€134,219
up €134,219 (+71.6%), from €187,422 to €321,641
mainly Net result for the year (+€57,328) and Other debts (+€51,726)
- Receivables within one year -€25,489
down €25,489 (-36.9%), from €69,038 to €43,548
of which Trade receivables: -€29,622
- Intangible fixed assets -€24,680
down €24,680 (-24.1%), from €102,525 to €77,845
- Reserves +€57,328
up €57,328 (+39.3%), from €145,860 to €203,188
- Other debts +€51,726
up €51,726 (+61.0%), from €84,777 to €136,503
- Debts after one year -€13,654
down €13,654 (-17.7%), from €77,219 to €63,566
- Tax, wage and social debts -€5,639
down €5,639 (-12.4%), from €45,439 to €39,800
of which Remuneration and social security: -€13,881
- Gross operating margin +€27,238
up €27,238 (+12.1%), from €225,261 to €252,499
- Financial charges +€26,231
up €26,231 (+897.4%), from €2,923 to €29,154
- Staff costs -€8,908
down €8,908 (-8.4%), from €105,945 to €97,037
- Depreciation +€6,008
up €6,008 (+16.3%), from €36,917 to €42,925
- Write-downs -€3,406
down €3,406 (-28.2%), from €12,091 to €8,686
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 | €399,037 | €485,754 | +€86,717 | +21.7% |
| Fixed assets | 21/28 | €142,577 | €120,565 | -€22,012 | -15.4% |
| Intangible fixed assets | 21 | €102,525 | €77,845 | -€24,680 | -24.1% |
| Tangible fixed assets | 22/27 | €40,053 | €42,720 | +€2,668 | +6.7% |
| Furniture and vehicles | 24 | €21,187 | €30,248 | +€9,061 | +42.8% |
| Other tangible fixed assets | 26 | €18,866 | €12,472 | -€6,394 | -33.9% |
| Current assets | 29/58 | €256,460 | €365,189 | +€108,729 | +42.4% |
| Amounts receivable within one year | 40/41 | €69,038 | €43,548 | -€25,489 | -36.9% |
| Trade receivables | 40 | €69,038 | €39,416 | -€29,622 | -42.9% |
| Other amounts receivable | 41 | - | €4,132 | +€4,132 | |
| Cash at bank and in hand | 54/58 | €187,422 | €321,641 | +€134,219 | +71.6% |
| Total equity and liabilities | 10/49 | €399,037 | €485,754 | +€86,717 | +21.7% |
| Equity | 10/15 | €146,860 | €204,188 | +€57,328 | +39.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €145,860 | €203,188 | +€57,328 | +39.3% |
| Distributable reserves | 133 | €145,860 | €203,188 | +€57,328 | +39.3% |
| Amounts payable | 17/49 | €252,177 | €281,566 | +€29,389 | +11.7% |
| Amounts payable after more than one year | 17 | €77,219 | €63,566 | -€13,654 | -17.7% |
| Financial debts | 170/4 | €77,219 | €63,566 | -€13,654 | -17.7% |
| Amounts payable within one year | 42/48 | €174,958 | €218,000 | +€43,043 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €13,192 | €13,654 | +€462 | +3.5% |
| Trade debts | 44 | €31,550 | €28,043 | -€3,507 | -11.1% |
| Suppliers | 440/4 | €31,550 | €28,043 | -€3,507 | -11.1% |
| Taxes, remuneration and social security | 45 | €45,439 | €39,800 | -€5,639 | -12.4% |
| Taxes | 450/3 | €23,913 | €32,156 | +€8,242 | +34.5% |
| Remuneration and social security | 454/9 | €21,525 | €7,645 | -€13,881 | -64.5% |
| Other amounts payable | 47/48 | €84,777 | €136,503 | +€51,726 | +61.0% |
| Remuneration, social security and pensions | 62 | €105,945 | €97,037 | -€8,908 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,917 | €42,925 | +€6,008 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,091 | €8,686 | -€3,406 | -28.2% |
| Other operating charges | 640/8 | €1,134 | €2,021 | +€886 | +78.1% |
| Gross operating margin | 9900 | €225,261 | €252,499 | +€27,238 | +12.1% |
| Operating profit (loss) | 9901 | €69,173 | €101,830 | +€32,657 | +47.2% |
| Financial income | 75/76B | €16 | €2,132 | +€2,116 | +13242.9% |
| Recurring financial income | 75 | €16 | €2,132 | +€2,116 | +13242.9% |
| Financial charges | 65/66B | €2,923 | €29,154 | +€26,231 | +897.4% |
| Recurring financial charges | 65 | €2,923 | €29,154 | +€26,231 | +897.4% |
| Profit (loss) for the period before taxes | 9903 | €66,266 | €74,808 | +€8,542 | +12.9% |
| Income taxes | 67/77 | €19,663 | €17,480 | -€2,183 | -11.1% |
| Profit (loss) for the period | 9904 | €46,603 | €57,328 | +€10,725 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,603 | €57,328 | +€10,725 | +23.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.