UGV CONSTRUCT: 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.
UGV CONSTRUCT
Largest movements
- Receivables within one year +€17,094
up €17,094 (+46.4%), from €36,801 to €53,895
of which Trade receivables: +€18,893
- Tangible fixed assets +€15,694
up €15,694 (+255.8%), from €6,136 to €21,831
- Cash -€2,560
down €2,560 (-56.4%), from €4,539 to €1,978
mainly Investment in fixed assets (net) (-€23,193) and Receivables within one year (-€17,094)
- Debts after one year +€12,008
new in 2026: €12,008
- Profit (loss) carried forward +€11,428
up €11,428 (+51.4%), from €22,232 to €33,660
- Current portion of long-term debt +€5,162
new in 2026: €5,162
- Trade debts +€4,082
up €4,082 (+435.5%), from €937 to €5,020
- Tax, wage and social debts -€2,228
down €2,228 (-9.6%), from €23,307 to €21,079
of which Remuneration and social security: -€6,072
- Gross operating margin +€4,027
up €4,027 (+19.9%), from €20,225 to €24,252
- Depreciation +€3,933
up €3,933 (+117.8%), from €3,340 to €7,274
- Financial charges +€781
up €781 (+182.4%), from €428 to €1,210
- Taxes +€437
up €437 (+13.2%), from €3,307 to €3,744
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,476 | €77,929 | +€30,453 | +64.1% |
| Fixed assets | 21/28 | €6,136 | €22,056 | +€15,919 | +259.4% |
| Tangible fixed assets | 22/27 | €6,136 | €21,831 | +€15,694 | +255.8% |
| Furniture and vehicles | 24 | €6,136 | €21,831 | +€15,694 | +255.8% |
| Financial fixed assets | 28 | - | €225 | +€225 | |
| Current assets | 29/58 | €41,340 | €55,873 | +€14,533 | +35.2% |
| Amounts receivable within one year | 40/41 | €36,801 | €53,895 | +€17,094 | +46.4% |
| Trade receivables | 40 | €34,880 | €53,773 | +€18,893 | +54.2% |
| Other amounts receivable | 41 | €1,921 | €122 | -€1,799 | -93.6% |
| Cash at bank and in hand | 54/58 | €4,539 | €1,978 | -€2,560 | -56.4% |
| Total equity and liabilities | 10/49 | €47,476 | €77,929 | +€30,453 | +64.1% |
| Equity | 10/15 | €23,232 | €34,660 | +€11,428 | +49.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,232 | €33,660 | +€11,428 | +51.4% |
| Amounts payable | 17/49 | €24,245 | €43,269 | +€19,024 | +78.5% |
| Amounts payable after more than one year | 17 | - | €12,008 | +€12,008 | |
| Financial debts | 170/4 | - | €12,008 | +€12,008 | |
| Amounts payable within one year | 42/48 | €24,245 | €31,261 | +€7,016 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,162 | +€5,162 | |
| Trade debts | 44 | €937 | €5,020 | +€4,082 | +435.5% |
| Suppliers | 440/4 | €937 | €5,020 | +€4,082 | +435.5% |
| Taxes, remuneration and social security | 45 | €23,307 | €21,079 | -€2,228 | -9.6% |
| Taxes | 450/3 | €3,307 | €7,150 | +€3,843 | +116.2% |
| Remuneration and social security | 454/9 | €20,000 | €13,928 | -€6,072 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,340 | €7,274 | +€3,933 | +117.8% |
| Other operating charges | 640/8 | €681 | €596 | -€86 | -12.6% |
| Gross operating margin | 9900 | €20,225 | €24,252 | +€4,027 | +19.9% |
| Operating profit (loss) | 9901 | €16,203 | €16,383 | +€180 | +1.1% |
| Financial charges | 65/66B | €428 | €1,210 | +€781 | +182.4% |
| Recurring financial charges | 65 | €428 | €1,210 | +€781 | +182.4% |
| Profit (loss) for the period before taxes | 9903 | €15,775 | €15,173 | -€602 | -3.8% |
| Income taxes | 67/77 | €3,307 | €3,744 | +€437 | +13.2% |
| Profit (loss) for the period | 9904 | €12,468 | €11,428 | -€1,039 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,468 | €11,428 | -€1,039 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.