UGO: 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.
UGO
Largest movements
- Cash -€4,701
down €4,701 (-49.7%), from €9,465 to €4,764
mainly Net result for the year (-€2,165) and Trade debts (-€2,149)
- Profit (loss) carried forward -€2,165
down €2,165 (-269.2%), from -€805 to -€2,970
- Trade debts -€2,149
down €2,149 (-99.1%), from €2,169 to €20
- Accrued charges and deferred income -€387
down €387 (-100.0%), from €387 to €0
- Gross operating margin +€669
up €669 (+28.3%), from -€2,366 to -€1,697
- Financial income -€45
down €45 (-100.0%), from €45 to €0
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 | €10,937 | €6,235 | -€4,701 | -43.0% |
| Current assets | 29/58 | €10,937 | €6,235 | -€4,701 | -43.0% |
| Amounts receivable within one year | 40/41 | €1,472 | €1,472 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,472 | €1,472 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,465 | €4,764 | -€4,701 | -49.7% |
| Total equity and liabilities | 10/49 | €10,937 | €6,235 | -€4,701 | -43.0% |
| Equity | 10/15 | €8,381 | €6,215 | -€2,165 | -25.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,185 | €4,185 | = | 0.0% |
| Distributable reserves | 133 | €4,185 | €4,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€805 | -€2,970 | -€2,165 | -269.2% |
| Amounts payable | 17/49 | €2,556 | €20 | -€2,536 | -99.2% |
| Amounts payable within one year | 42/48 | €2,169 | €20 | -€2,149 | -99.1% |
| Trade debts | 44 | €2,169 | €20 | -€2,149 | -99.1% |
| Suppliers | 440/4 | €2,169 | €20 | -€2,149 | -99.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Other operating charges | 640/8 | €387 | €406 | +€18 | +4.7% |
| Gross operating margin | 9900 | -€2,366 | -€1,697 | +€669 | +28.3% |
| Operating profit (loss) | 9901 | -€2,753 | -€2,103 | +€651 | +23.6% |
| Financial income | 75/76B | €45 | €0 | -€45 | -100.0% |
| Recurring financial income | 75 | €45 | €0 | -€45 | -100.0% |
| Financial charges | 65/66B | €54 | €63 | +€9 | +16.8% |
| Recurring financial charges | 65 | €54 | €63 | +€9 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,762 | -€2,165 | +€597 | +21.6% |
| Profit (loss) for the period | 9904 | -€2,762 | -€2,165 | +€597 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,762 | -€2,165 | +€597 | +21.6% |
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 4 October 2026 via checked.be.