UGALI: what changed
Two financial 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.
UGALI
Largest movements
- Receivables within one year -€25,287
down €25,287 (-68.7%), from €36,782 to €11,495
of which Trade receivables: -€22,358
- Cash +€7,756
up €7,756 (+88.6%), from €8,752 to €16,508
mainly Net result for the year (+€26,413) and Receivables within one year (+€25,287)
- Tangible fixed assets -€1,951
down €1,951 (-41.5%), from €4,702 to €2,750
of which Plant, machinery and equipment: -€1,744
- Deferred charges and accrued income +€1,141
up €1,141 (+1,416%), from €81 to €1,221
- Other debts -€34,279
down €34,279 (-50.0%), from €68,527 to €34,248
- Reserves +€26,413
new in 2025: €26,413
- Tax, wage and social debts -€10,482
down €10,482 (-36.4%), from €28,783 to €18,301
of which Taxes: -€10,482
- Gross operating margin +€1,446
up €1,446 (+4.3%), from €33,545 to €34,990
- Other operating charges +€516
up €516 (+1,720%), from €30 to €546
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.
Derived cash bridge
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 | €101,816 | €83,474 | -€18,342 | -18.0% |
| Fixed assets | 21/28 | €6,202 | €4,250 | -€1,951 | -31.5% |
| Tangible fixed assets | 22/27 | €4,702 | €2,750 | -€1,951 | -41.5% |
| Land and buildings | 22 | €1,651 | €1,444 | -€208 | -12.6% |
| Plant, machinery and equipment | 23 | €3,050 | €1,306 | -€1,744 | -57.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €95,614 | €79,224 | -€16,390 | -17.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,782 | €11,495 | -€25,287 | -68.7% |
| Trade receivables | 40 | €33,853 | €11,495 | -€22,358 | -66.0% |
| Other amounts receivable | 41 | €2,929 | - | -€2,929 | |
| Cash at bank and in hand | 54/58 | €8,752 | €16,508 | +€7,756 | +88.6% |
| Deferred charges and accrued income | 490/1 | €81 | €1,221 | +€1,141 | +1,416% |
| Total equity and liabilities | 10/49 | €101,816 | €83,474 | -€18,342 | -18.0% |
| Equity | 10/15 | €4,000 | €30,413 | +€26,413 | +660% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €26,413 | +€26,413 | |
| Distributable reserves | 133 | - | €26,413 | +€26,413 | |
| Amounts payable | 17/49 | €97,816 | €53,061 | -€44,755 | -45.8% |
| Amounts payable within one year | 42/48 | €97,816 | €53,061 | -€44,755 | -45.8% |
| Trade debts | 44 | €506 | €512 | +€6 | +1.2% |
| Suppliers | 440/4 | €506 | €512 | +€6 | +1.2% |
| Taxes, remuneration and social security | 45 | €28,783 | €18,301 | -€10,482 | -36.4% |
| Taxes | 450/3 | €26,308 | €15,826 | -€10,482 | -39.8% |
| Remuneration and social security | 454/9 | €2,475 | €2,475 | = | 0.0% |
| Other amounts payable | 47/48 | €68,527 | €34,248 | -€34,279 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,946 | €1,951 | +€5 | +0.3% |
| Other operating charges | 640/8 | €30 | €546 | +€516 | +1,720% |
| Gross operating margin | 9900 | €33,545 | €34,990 | +€1,446 | +4.3% |
| Operating profit (loss) | 9901 | €31,569 | €32,493 | +€924 | +2.9% |
| Financial income | 75/76B | €1,470 | €1,444 | -€26 | -1.8% |
| Recurring financial income | 75 | €1,470 | €1,444 | -€26 | -1.8% |
| Financial charges | 65/66B | €221 | €152 | -€69 | -31.2% |
| Recurring financial charges | 65 | €221 | €152 | -€69 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €32,817 | €33,784 | +€967 | +2.9% |
| Income taxes | 67/77 | €7,435 | €7,371 | -€65 | -0.9% |
| Profit (loss) for the period | 9904 | €25,382 | €26,413 | +€1,032 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,382 | €26,413 | +€1,032 | +4.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.