UGI: 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.
UGI
Largest movements
- Receivables within one year -€17,088
down €17,088 (-74.8%), from €22,840 to €5,752
of which Trade receivables: -€14,879
- Tangible fixed assets -€16,978
down €16,978 (-2.6%), from €641,759 to €624,781
of which Land and buildings: -€16,868
- Cash +€8,569
up €8,569 (+131.7%), from €6,509 to €15,078
mainly Depreciation (+€35,260) and Receivables within one year (+€17,088)
- Debts after one year -€36,649
down €36,649 (-9.2%), from €397,853 to €361,204
- Other debts +€14,990
up €14,990 (+12.3%), from €121,717 to €136,707
- Reserves -€6,901
down €6,901 (-36.3%), from €19,000 to €12,099
of which Distributable reserves: -€6,901
- Gross operating margin +€3,172
up €3,172 (+4.0%), from €79,310 to €82,482
- Depreciation +€2,938
up €2,938 (+9.1%), from €32,322 to €35,260
- Financial charges -€2,901
down €2,901 (-9.3%), from €31,284 to €28,384
- Taxes +€2,230
new in 2025: €2,230
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 | €671,614 | €646,121 | -€25,494 | -3.8% |
| Fixed assets | 21/28 | €641,919 | €624,941 | -€16,978 | -2.6% |
| Tangible fixed assets | 22/27 | €641,759 | €624,781 | -€16,978 | -2.6% |
| Land and buildings | 22 | €641,558 | €624,691 | -€16,868 | -2.6% |
| Furniture and vehicles | 24 | €201 | €90 | -€110 | -55.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €29,695 | €21,180 | -€8,516 | -28.7% |
| Amounts receivable within one year | 40/41 | €22,840 | €5,752 | -€17,088 | -74.8% |
| Trade receivables | 40 | €15,275 | €396 | -€14,879 | -97.4% |
| Other amounts receivable | 41 | €7,565 | €5,356 | -€2,209 | -29.2% |
| Cash at bank and in hand | 54/58 | €6,509 | €15,078 | +€8,569 | +131.7% |
| Deferred charges and accrued income | 490/1 | €347 | €349 | +€2 | +0.7% |
| Total equity and liabilities | 10/49 | €671,614 | €646,121 | -€25,494 | -3.8% |
| Equity | 10/15 | €109,025 | €102,099 | -€6,926 | -6.4% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €12,099 | -€6,901 | -36.3% |
| Tax-exempt reserves | 132 | €12,099 | €12,099 | = | 0.0% |
| Distributable reserves | 133 | €6,901 | - | -€6,901 | |
| Profit (loss) carried forward | 14 | €25 | - | -€25 | |
| Amounts payable | 17/49 | €562,589 | €544,022 | -€18,568 | -3.3% |
| Amounts payable after more than one year | 17 | €397,853 | €361,204 | -€36,649 | -9.2% |
| Financial debts | 170/4 | €397,853 | €361,204 | -€36,649 | -9.2% |
| Amounts payable within one year | 42/48 | €156,642 | €174,679 | +€18,036 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €32,294 | €36,473 | +€4,180 | +12.9% |
| Trade debts | 44 | €451 | €498 | +€47 | +10.4% |
| Suppliers | 440/4 | €451 | €498 | +€47 | +10.4% |
| Taxes, remuneration and social security | 45 | €2,180 | €1,000 | -€1,180 | -54.1% |
| Taxes | 450/3 | €840 | €1,000 | +€160 | +19.0% |
| Remuneration and social security | 454/9 | €1,340 | - | -€1,340 | |
| Other amounts payable | 47/48 | €121,717 | €136,707 | +€14,990 | +12.3% |
| Accrued charges and deferred income | 492/3 | €8,094 | €8,139 | +€45 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,322 | €35,260 | +€2,938 | +9.1% |
| Other operating charges | 640/8 | €6,983 | €7,153 | +€171 | +2.4% |
| Gross operating margin | 9900 | €79,310 | €82,482 | +€3,172 | +4.0% |
| Operating profit (loss) | 9901 | €40,005 | €40,069 | +€64 | +0.2% |
| Financial charges | 65/66B | €31,284 | €28,384 | -€2,901 | -9.3% |
| Recurring financial charges | 65 | €31,284 | €28,384 | -€2,901 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €8,720 | €11,685 | +€2,964 | +34.0% |
| Income taxes | 67/77 | - | €2,230 | +€2,230 | |
| Profit (loss) for the period | 9904 | €8,720 | €9,455 | +€734 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,720 | €9,455 | +€734 | +8.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.