UGEIA: 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.
UGEIA
Largest movements
- Tangible fixed assets -€11,446
down €11,446 (-36.4%), from €31,473 to €20,028
- Cash +€3,269
up €3,269 (+44.8%), from €7,289 to €10,558
mainly Depreciation (+€11,446) and Trade debts (+€5,536)
- Deferred charges and accrued income +€3,214
new in 2024: €3,214
- Profit (loss) carried forward -€6,637
down €6,637 (-195%), from -€3,400 to -€10,037
- Trade debts +€5,536
up €5,536 (+131%), from €4,241 to €9,777
- Debts after one year -€3,255
no longer reported in 2024 (was €3,255)
- Current portion of long-term debt -€2,692
down €2,692 (-45.3%), from €5,948 to €3,255
- Short-term financial debts +€1,900
up €1,900 (+119%), from €1,600 to €3,500
- Turnover -€30,538
down €30,538 (-35.6%), from €85,669 to €55,131
- Gross operating margin -€18,479
down €18,479 (-74.1%), from €24,931 to €6,452
- Purchases and services -€5,609
down €5,609 (-9.2%), from €60,738 to €55,129
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.
Derived cash bridge
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 | €39,838 | €34,875 | -€4,963 | -12.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €31,598 | €20,153 | -€11,446 | -36.2% |
| Tangible fixed assets | 22/27 | €31,473 | €20,028 | -€11,446 | -36.4% |
| Land and buildings | 22 | €8,304 | €5,359 | -€2,945 | -35.5% |
| Plant, machinery and equipment | 23 | €13,391 | €9,266 | -€4,124 | -30.8% |
| Furniture and vehicles | 24 | €9,779 | €5,402 | -€4,377 | -44.8% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €8,240 | €14,722 | +€6,482 | +78.7% |
| Stocks and contracts in progress | 3 | €951 | €951 | = | 0.0% |
| Stocks | 30/36 | €951 | €951 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Trade receivables | 40 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €7,289 | €10,558 | +€3,269 | +44.8% |
| Deferred charges and accrued income | 490/1 | - | €3,214 | +€3,214 | |
| Total equity and liabilities | 10/49 | €39,838 | €34,875 | -€4,963 | -12.5% |
| Equity | 10/15 | €15,200 | €8,563 | -€6,637 | -43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,400 | -€10,037 | -€6,637 | -195% |
| Amounts payable | 17/49 | €24,638 | €26,312 | +€1,674 | +6.8% |
| Amounts payable after more than one year | 17 | €3,255 | - | -€3,255 | |
| Financial debts | 170/4 | €3,255 | - | -€3,255 | |
| Amounts payable within one year | 42/48 | €21,382 | €25,362 | +€3,979 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €5,948 | €3,255 | -€2,692 | -45.3% |
| Financial debts | 43 | €1,600 | €3,500 | +€1,900 | +119% |
| Other loans | 439 | €1,600 | €3,500 | +€1,900 | +119% |
| Trade debts | 44 | €4,241 | €9,777 | +€5,536 | +131% |
| Suppliers | 440/4 | €4,241 | €9,777 | +€5,536 | +131% |
| Taxes, remuneration and social security | 45 | €3,405 | €2,853 | -€552 | -16.2% |
| Taxes | 450/3 | €3,405 | €2,393 | -€1,012 | -29.7% |
| Remuneration and social security | 454/9 | - | €460 | +€460 | |
| Other amounts payable | 47/48 | €6,189 | €5,977 | -€211 | -3.4% |
| Accrued charges and deferred income | 492/3 | - | €950 | +€950 | |
| Turnover | 70 | €85,669 | €55,131 | -€30,538 | -35.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €60,738 | €55,129 | -€5,609 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,515 | €11,446 | -€70 | -0.6% |
| Other operating charges | 640/8 | €404 | €407 | +€3 | +0.7% |
| Gross operating margin | 9900 | €24,931 | €6,452 | -€18,479 | -74.1% |
| Operating profit (loss) | 9901 | €13,011 | -€5,401 | -€18,412 | |
| Financial income | 75/76B | - | €165 | +€165 | |
| Recurring financial income | 75 | - | €165 | +€165 | |
| Financial charges | 65/66B | €1,622 | €1,401 | -€221 | -13.6% |
| Recurring financial charges | 65 | €1,622 | €1,401 | -€221 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €11,389 | -€6,637 | -€18,026 | |
| Profit (loss) for the period | 9904 | €11,389 | -€6,637 | -€18,026 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,389 | -€6,637 | -€18,026 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.