UGK GROUP: 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.
UGK GROUP
Largest movements
- Receivables within one year -€108,721
down €108,721 (-50.3%), from €216,204 to €107,483
of which Trade receivables: -€144,884
- Tangible fixed assets -€18,208
down €18,208 (-24.0%), from €75,800 to €57,592
- Cash +€15,472
up €15,472 (+474%), from €3,265 to €18,737
mainly Receivables within one year (+€108,721) and Tax, wage and social debts (+€20,052)
- Trade debts -€75,200
down €75,200 (-27.7%), from €271,785 to €196,585
- Profit (loss) carried forward -€72,871
down €72,871 (-500%), from -€14,565 to -€87,436
- Tax, wage and social debts +€20,052
new in 2024: €20,052
of which Remuneration and social security: +€16,587
- Debts after one year +€16,129
up €16,129 (+105%), from €15,400 to €31,529
- Gross operating margin -€50,499
down €50,499 (-17.2%), from €292,790 to €242,291
- Staff costs -€26,404
down €26,404 (-8.4%), from €314,488 to €288,084
- Other operating charges -€9,485
down €9,485 (-81.2%), from €11,677 to €2,192
- Depreciation +€5,771
up €5,771 (+46.4%), from €12,437 to €18,208
- Financial charges +€5,415
up €5,415 (+27,075%), from €20 to €5,435
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 | €295,757 | €183,866 | -€111,891 | -37.8% |
| Fixed assets | 21/28 | €75,800 | €57,592 | -€18,208 | -24.0% |
| Tangible fixed assets | 22/27 | €75,800 | €57,592 | -€18,208 | -24.0% |
| Plant, machinery and equipment | 23 | €46,450 | €37,414 | -€9,036 | -19.5% |
| Furniture and vehicles | 24 | €28,151 | €19,379 | -€8,772 | -31.2% |
| Leasing and similar rights | 25 | €1,199 | €799 | -€400 | -33.4% |
| Current assets | 29/58 | €219,957 | €126,274 | -€93,683 | -42.6% |
| Amounts receivable within one year | 40/41 | €216,204 | €107,483 | -€108,721 | -50.3% |
| Trade receivables | 40 | €204,849 | €59,965 | -€144,884 | -70.7% |
| Other amounts receivable | 41 | €11,355 | €47,518 | +€36,163 | +318% |
| Cash at bank and in hand | 54/58 | €3,265 | €18,737 | +€15,472 | +474% |
| Deferred charges and accrued income | 490/1 | €488 | €54 | -€434 | -88.9% |
| Total equity and liabilities | 10/49 | €295,757 | €183,866 | -€111,891 | -37.8% |
| Equity | 10/15 | -€14,565 | -€87,436 | -€72,871 | -500% |
| Profit (loss) carried forward | 14 | -€14,565 | -€87,436 | -€72,871 | -500% |
| Amounts payable | 17/49 | €310,322 | €271,302 | -€39,020 | -12.6% |
| Amounts payable after more than one year | 17 | €15,400 | €31,529 | +€16,129 | +105% |
| Financial debts | 170/4 | €15,400 | €31,529 | +€16,129 | +105% |
| Amounts payable within one year | 42/48 | €294,922 | €239,773 | -€55,149 | -18.7% |
| Trade debts | 44 | €271,785 | €196,585 | -€75,200 | -27.7% |
| Suppliers | 440/4 | €271,785 | €196,585 | -€75,200 | -27.7% |
| Taxes, remuneration and social security | 45 | - | €20,052 | +€20,052 | |
| Taxes | 450/3 | - | €3,465 | +€3,465 | |
| Remuneration and social security | 454/9 | - | €16,587 | +€16,587 | |
| Other amounts payable | 47/48 | €23,137 | €23,136 | -€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €314,488 | €288,084 | -€26,404 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,437 | €18,208 | +€5,771 | +46.4% |
| Other operating charges | 640/8 | €11,677 | €2,192 | -€9,485 | -81.2% |
| Gross operating margin | 9900 | €292,790 | €242,291 | -€50,499 | -17.2% |
| Operating profit (loss) | 9901 | -€45,812 | -€66,193 | -€20,381 | -44.5% |
| Financial income | 75/76B | €70 | €248 | +€178 | +254% |
| Recurring financial income | 75 | €70 | €248 | +€178 | +254% |
| Financial charges | 65/66B | €20 | €5,435 | +€5,415 | +27,075% |
| Recurring financial charges | 65 | €20 | €5,435 | +€5,415 | +27,075% |
| Profit (loss) for the period before taxes | 9903 | -€45,762 | -€71,380 | -€25,618 | -56.0% |
| Income taxes | 67/77 | €430 | €1,491 | +€1,061 | +247% |
| Profit (loss) for the period | 9904 | -€46,192 | -€72,871 | -€26,679 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,192 | -€72,871 | -€26,679 | -57.8% |
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 31 October 2026 via checked.be.