UGF: 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.
UGF
Largest movements
- Receivables within one year -€17,883
down €17,883 (-31.4%), from €57,041 to €39,158
of which Trade receivables: -€9,207
- Cash -€13,402
down €13,402 (-91.6%), from €14,629 to €1,227
mainly Net result for the year (-€23,332) and Tax, wage and social debts (-€6,647)
- Tangible fixed assets -€5,366
down €5,366 (-44.9%), from €11,937 to €6,572
- Stocks and contracts +€2,350
up €2,350 (+42.7%), from €5,500 to €7,850
- Profit (loss) carried forward -€23,332
new in 2024: -€23,332
- Tax, wage and social debts -€6,647
down €6,647 (-27.7%), from €23,964 to €17,317
of which Taxes: -€9,859
- Trade debts +€4,923
up €4,923 (+30.1%), from €16,335 to €21,259
- Short-term financial debts -€4,914
no longer reported in 2024 (was €4,914)
- Current portion of long-term debt -€4,217
no longer reported in 2024 (was €4,217)
- Staff costs +€28,795
up €28,795 (+298.2%), from €9,656 to €38,451
- Gross operating margin +€21,148
up €21,148 (+131.2%), from €16,118 to €37,267
- Other operating charges +€20,108
up €20,108 (+581.2%), from €3,460 to €23,568
- Financial charges -€7,428
down €7,428 (-96.1%), from €7,732 to €304
- Taxes -€3,387
down €3,387, from €391 to -€2,996
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.
Cash bridge derived
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 | €89,570 | €55,156 | -€34,414 | -38.4% |
| Fixed assets | 21/28 | €12,287 | €6,922 | -€5,366 | -43.7% |
| Tangible fixed assets | 22/27 | €11,937 | €6,572 | -€5,366 | -44.9% |
| Plant, machinery and equipment | 23 | €5,503 | €3,833 | -€1,671 | -30.4% |
| Furniture and vehicles | 24 | €1,882 | €763 | -€1,120 | -59.5% |
| Other tangible fixed assets | 26 | €4,551 | €1,976 | -€2,575 | -56.6% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €77,283 | €48,234 | -€29,049 | -37.6% |
| Stocks and contracts in progress | 3 | €5,500 | €7,850 | +€2,350 | +42.7% |
| Stocks | 30/36 | €5,500 | €7,850 | +€2,350 | +42.7% |
| Amounts receivable within one year | 40/41 | €57,041 | €39,158 | -€17,883 | -31.4% |
| Trade receivables | 40 | €14,554 | €5,347 | -€9,207 | -63.3% |
| Other amounts receivable | 41 | €42,486 | €33,811 | -€8,676 | -20.4% |
| Cash at bank and in hand | 54/58 | €14,629 | €1,227 | -€13,402 | -91.6% |
| Deferred charges and accrued income | 490/1 | €113 | - | -€113 | |
| Total equity and liabilities | 10/49 | €89,570 | €55,156 | -€34,414 | -38.4% |
| Equity | 10/15 | €39,913 | €16,580 | -€23,332 | -58.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,313 | €21,313 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,453 | €19,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,332 | -€23,332 | |
| Amounts payable | 17/49 | €49,657 | €38,575 | -€11,082 | -22.3% |
| Amounts payable within one year | 42/48 | €49,430 | €38,575 | -€10,855 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €4,217 | - | -€4,217 | |
| Financial debts | 43 | €4,914 | - | -€4,914 | |
| Credit institutions | 430/8 | €4,914 | - | -€4,914 | |
| Trade debts | 44 | €16,335 | €21,259 | +€4,923 | +30.1% |
| Suppliers | 440/4 | €16,335 | €21,259 | +€4,923 | +30.1% |
| Taxes, remuneration and social security | 45 | €23,964 | €17,317 | -€6,647 | -27.7% |
| Taxes | 450/3 | €19,967 | €10,108 | -€9,859 | -49.4% |
| Remuneration and social security | 454/9 | €3,996 | €7,209 | +€3,212 | +80.4% |
| Accrued charges and deferred income | 492/3 | €227 | - | -€227 | |
| Remuneration, social security and pensions | 62 | €9,656 | €38,451 | +€28,795 | +298.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,688 | €2,638 | -€50 | -1.9% |
| Other operating charges | 640/8 | €3,460 | €23,568 | +€20,108 | +581.2% |
| Non-recurring operating charges | 66A | €2,250 | - | -€2,250 | |
| Gross operating margin | 9900 | €16,118 | €37,267 | +€21,148 | +131.2% |
| Operating profit (loss) | 9901 | -€1,936 | -€27,390 | -€25,454 | -1314.9% |
| Financial income | 75/76B | €2,905 | €1,366 | -€1,540 | -53.0% |
| Recurring financial income | 75 | €2,905 | €1,366 | -€1,540 | -53.0% |
| Financial charges | 65/66B | €7,732 | €304 | -€7,428 | -96.1% |
| Recurring financial charges | 65 | €7,732 | €304 | -€7,428 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,762 | -€26,328 | -€19,566 | -289.3% |
| Income taxes | 67/77 | €391 | -€2,996 | -€3,387 | |
| Profit (loss) for the period | 9904 | -€7,153 | -€23,332 | -€16,179 | -226.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,153 | -€23,332 | -€16,179 | -226.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.