UH2: what changed
UH2
Largest movements
- Cash -€41,940
down €41,940 (-40.8%), from €102,876 to €60,937
mainly Debts after one year (-€71,124) and Trade debts (-€9,417)
- Tangible fixed assets -€38,112
down €38,112 (-5.7%), from €664,330 to €626,217
- Debts after one year -€71,124
no longer reported in 2025 (was €71,124)
of which Other amounts payable: -€50,000
- Trade debts -€9,417
down €9,417 (-85.2%), from €11,050 to €1,633
- Profit (loss) carried forward +€8,588
up €8,588 (+3.1%), from -€275,291 to -€266,703
- Gross operating margin +€87,295
up €87,295, from -€38,368 to €48,928
- Financial charges -€3,282
down €3,282 (-87.0%), from €3,771 to €489
- Depreciation -€1,655
down €1,655 (-4.2%), from €39,767 to €38,112
- Financial income +€833
up €833 (+149%), from €558 to €1,391
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,728 | €695,899 | -€71,829 | -9.4% |
| Fixed assets | 21/28 | €664,330 | €626,217 | -€38,112 | -5.7% |
| Tangible fixed assets | 22/27 | €664,330 | €626,217 | -€38,112 | -5.7% |
| Land and buildings | 22 | €664,330 | €626,217 | -€38,112 | -5.7% |
| Current assets | 29/58 | €103,399 | €69,682 | -€33,717 | -32.6% |
| Amounts receivable within one year | 40/41 | €272 | €7,472 | +€7,200 | +2,645% |
| Trade receivables | 40 | €272 | €2,287 | +€2,014 | +740% |
| Other amounts receivable | 41 | - | €5,186 | +€5,186 | |
| Cash at bank and in hand | 54/58 | €102,876 | €60,937 | -€41,940 | -40.8% |
| Deferred charges and accrued income | 490/1 | €251 | €1,273 | +€1,023 | +408% |
| Total equity and liabilities | 10/49 | €767,728 | €695,899 | -€71,829 | -9.4% |
| Equity | 10/15 | €660,831 | €669,419 | +€8,588 | +1.3% |
| Contributions | 10/11 | €9,944 | €9,944 | = | 0.0% |
| Reserves | 13 | €926,177 | €926,177 | = | 0.0% |
| Distributable reserves | 133 | €926,177 | €926,177 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€275,291 | -€266,703 | +€8,588 | +3.1% |
| Amounts payable | 17/49 | €106,898 | €26,480 | -€80,417 | -75.2% |
| Amounts payable after more than one year | 17 | €71,124 | - | -€71,124 | |
| Financial debts | 170/4 | €21,124 | - | -€21,124 | |
| Other amounts payable | 178/9 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €35,773 | €26,480 | -€9,293 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €20,866 | €21,124 | +€258 | +1.2% |
| Trade debts | 44 | €11,050 | €1,633 | -€9,417 | -85.2% |
| Suppliers | 440/4 | €11,050 | €1,633 | -€9,417 | -85.2% |
| Taxes, remuneration and social security | 45 | €1,379 | €997 | -€383 | -27.7% |
| Taxes | 450/3 | €1,379 | €997 | -€383 | -27.7% |
| Other amounts payable | 47/48 | €2,478 | €2,726 | +€248 | +10.0% |
| Non-recurring operating income | 76A | €11,765 | - | -€11,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,767 | €38,112 | -€1,655 | -4.2% |
| Other operating charges | 640/8 | €3,291 | €2,974 | -€318 | -9.6% |
| Gross operating margin | 9900 | -€38,368 | €48,928 | +€87,295 | |
| Operating profit (loss) | 9901 | -€81,426 | €7,842 | +€89,268 | |
| Financial income | 75/76B | €558 | €1,391 | +€833 | +149% |
| Recurring financial income | 75 | €558 | €1,391 | +€833 | +149% |
| Financial charges | 65/66B | €3,771 | €489 | -€3,282 | -87.0% |
| Recurring financial charges | 65 | €3,771 | €489 | -€3,282 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | -€84,640 | €8,744 | +€93,383 | |
| Income taxes | 67/77 | €306 | €156 | -€151 | -49.2% |
| Profit (loss) for the period | 9904 | -€84,946 | €8,588 | +€93,534 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,946 | €8,588 | +€93,534 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.