UGCS: 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.
UGCS
Largest movements
- Receivables within one year +€12,607
up €12,607 (+69.0%), from €18,272 to €30,879
- Cash +€10,420
up €10,420 (+336.0%), from €3,101 to €13,521
mainly Other debts (+€38,348) and Net result for the year (+€11,298)
- Tangible fixed assets -€4,067
down €4,067 (-40.2%), from €10,117 to €6,050
- Other debts +€38,348
up €38,348 (+61.1%), from €62,722 to €101,071
- Tax, wage and social debts -€15,367
down €15,367 (-91.3%), from €16,835 to €1,468
of which Taxes: -€8,963
- Trade debts -€15,020
down €15,020 (-86.5%), from €17,372 to €2,352
- Profit (loss) carried forward +€11,298
up €11,298 (+13.5%), from -€83,934 to -€72,636
- Gross operating margin -€58,858
down €58,858 (-65.9%), from €89,275 to €30,417
- Staff costs -€55,517
down €55,517 (-82.2%), from €67,550 to €12,033
- Depreciation +€1,983
up €1,983 (+95.2%), from €2,084 to €4,067
- Write-downs +€975
new in 2025: €975
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,835 | €51,095 | +€19,259 | +60.5% |
| Fixed assets | 21/28 | €10,117 | €6,050 | -€4,067 | -40.2% |
| Tangible fixed assets | 22/27 | €10,117 | €6,050 | -€4,067 | -40.2% |
| Furniture and vehicles | 24 | €10,117 | €6,050 | -€4,067 | -40.2% |
| Current assets | 29/58 | €21,718 | €45,044 | +€23,326 | +107.4% |
| Amounts receivable within one year | 40/41 | €18,272 | €30,879 | +€12,607 | +69.0% |
| Trade receivables | 40 | €18,272 | €30,879 | +€12,607 | +69.0% |
| Cash at bank and in hand | 54/58 | €3,101 | €13,521 | +€10,420 | +336.0% |
| Deferred charges and accrued income | 490/1 | €345 | €644 | +€299 | +86.8% |
| Total equity and liabilities | 10/49 | €31,835 | €51,095 | +€19,259 | +60.5% |
| Equity | 10/15 | -€65,094 | -€53,796 | +€11,298 | +17.4% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,934 | -€72,636 | +€11,298 | +13.5% |
| Amounts payable | 17/49 | €96,929 | €104,891 | +€7,962 | +8.2% |
| Amounts payable within one year | 42/48 | €96,929 | €104,891 | +€7,962 | +8.2% |
| Trade debts | 44 | €17,372 | €2,352 | -€15,020 | -86.5% |
| Suppliers | 440/4 | €17,372 | €2,352 | -€15,020 | -86.5% |
| Taxes, remuneration and social security | 45 | €16,835 | €1,468 | -€15,367 | -91.3% |
| Taxes | 450/3 | €10,432 | €1,468 | -€8,963 | -85.9% |
| Remuneration and social security | 454/9 | €6,403 | €0 | -€6,403 | -100.0% |
| Other amounts payable | 47/48 | €62,722 | €101,071 | +€38,348 | +61.1% |
| Remuneration, social security and pensions | 62 | €67,550 | €12,033 | -€55,517 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,084 | €4,067 | +€1,983 | +95.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €975 | +€975 | |
| Other operating charges | 640/8 | €796 | €796 | +€1 | +0.1% |
| Non-recurring operating charges | 66A | - | €624 | +€624 | |
| Gross operating margin | 9900 | €89,275 | €30,417 | -€58,858 | -65.9% |
| Operating profit (loss) | 9901 | €18,846 | €11,922 | -€6,924 | -36.7% |
| Financial income | 75/76B | €110 | €0 | -€110 | -100.0% |
| Recurring financial income | 75 | €110 | €0 | -€110 | -100.0% |
| Financial charges | 65/66B | €97 | €624 | +€527 | +545.8% |
| Recurring financial charges | 65 | €97 | €624 | +€527 | +545.8% |
| Profit (loss) for the period before taxes | 9903 | €18,859 | €11,298 | -€7,561 | -40.1% |
| Profit (loss) for the period | 9904 | €18,859 | €11,298 | -€7,561 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,859 | €11,298 | -€7,561 | -40.1% |
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 5 October 2026 via checked.be.