UGB CONSTRUCT: 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.
UGB CONSTRUCT
Largest movements
- Tangible fixed assets -€20,083
down €20,083 (-23.1%), from €86,987 to €66,904
of which Furniture and vehicles: -€20,083
- Cash +€15,533
up €15,533 (+1035.5%), from €1,500 to €17,032
mainly Depreciation (+€31,172) and Other debts (+€23,582)
- Receivables within one year +€11,351
up €11,351 (+11.5%), from €98,883 to €110,234
of which Trade receivables: +€15,469
- Other debts +€23,582
up €23,582 (+51.4%), from €45,920 to €69,502
- Debts after one year -€13,368
down €13,368 (-45.2%), from €29,565 to €16,197
- Tax, wage and social debts -€7,142
down €7,142 (-54.9%), from €13,007 to €5,865
of which Taxes: -€7,142
- Reserves +€5,391
up €5,391 (+111.6%), from €4,829 to €10,219
- Trade debts -€2,111
down €2,111 (-20.5%), from €10,298 to €8,187
- Purchases and services +€17,370
up €17,370 (+8.1%), from €215,539 to €232,910
- Turnover +€11,982
up €11,982 (+4.4%), from €271,506 to €283,488
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 | €188,618 | €195,429 | +€6,811 | +3.6% |
| Fixed assets | 21/28 | €86,987 | €66,904 | -€20,083 | -23.1% |
| Tangible fixed assets | 22/27 | €86,987 | €66,904 | -€20,083 | -23.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €86,987 | €66,904 | -€20,083 | -23.1% |
| Current assets | 29/58 | €101,631 | €128,525 | +€26,893 | +26.5% |
| Amounts receivable within one year | 40/41 | €98,883 | €110,234 | +€11,351 | +11.5% |
| Trade receivables | 40 | €91,391 | €106,860 | +€15,469 | +16.9% |
| Other amounts receivable | 41 | €7,492 | €3,374 | -€4,118 | -55.0% |
| Cash at bank and in hand | 54/58 | €1,500 | €17,032 | +€15,533 | +1035.5% |
| Deferred charges and accrued income | 490/1 | €1,248 | €1,258 | +€10 | +0.8% |
| Total equity and liabilities | 10/49 | €188,618 | €195,429 | +€6,811 | +3.6% |
| Equity | 10/15 | €76,919 | €82,310 | +€5,391 | +7.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,829 | €10,219 | +€5,391 | +111.6% |
| Distributable reserves | 133 | €4,829 | €10,219 | +€5,391 | +111.6% |
| Profit (loss) carried forward | 14 | €67,091 | €67,091 | = | 0.0% |
| Amounts payable | 17/49 | €111,698 | €113,119 | +€1,420 | +1.3% |
| Amounts payable after more than one year | 17 | €29,565 | €16,197 | -€13,368 | -45.2% |
| Financial debts | 170/4 | €29,565 | €16,197 | -€13,368 | -45.2% |
| Amounts payable within one year | 42/48 | €82,134 | €96,922 | +€14,788 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €12,909 | €13,368 | +€459 | +3.6% |
| Trade debts | 44 | €10,298 | €8,187 | -€2,111 | -20.5% |
| Suppliers | 440/4 | €10,298 | €8,187 | -€2,111 | -20.5% |
| Taxes, remuneration and social security | 45 | €13,007 | €5,865 | -€7,142 | -54.9% |
| Taxes | 450/3 | €11,507 | €4,365 | -€7,142 | -62.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €45,920 | €69,502 | +€23,582 | +51.4% |
| Turnover | 70 | €271,506 | €283,488 | +€11,982 | +4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €215,539 | €232,910 | +€17,370 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,105 | €31,172 | +€1,066 | +3.5% |
| Other operating charges | 640/8 | €1,651 | €678 | -€973 | -58.9% |
| Gross operating margin | 9900 | €61,192 | €63,753 | +€2,562 | +4.2% |
| Operating profit (loss) | 9901 | €29,436 | €31,904 | +€2,468 | +8.4% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,940 | €1,566 | -€375 | -19.3% |
| Recurring financial charges | 65 | €1,940 | €1,566 | -€375 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €27,495 | €30,338 | +€2,843 | +10.3% |
| Income taxes | 67/77 | €6,732 | €7,159 | +€427 | +6.3% |
| Profit (loss) for the period | 9904 | €20,763 | €23,180 | +€2,416 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,763 | €23,180 | +€2,416 | +11.6% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.