UKKO: 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.
What changed
UKKO
NACE 46.130, Agents in the wholesale of timber and building materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€137,064
2024 · -€149,244+€12,180
Equity
-€130,443
2024 · €6,621-€137,064
Cash
€0
2024 · €446-€446
Balance sheet total
€3.2m
2024 · €3.9m-€761,514
Largest movements
Assets
- Stocks and contracts -€746,633
down €746,633 (-94.3%), from €791,633 to €45,000
- Financial fixed assets -€49,547
down €49,547 (-100.0%), from €49,547 to €0
Equity and liabilities
- Short-term financial debts -€582,938
down €582,938 (-84.4%), from €690,356 to €107,418
- Profit (loss) carried forward -€137,064
down €137,064 (-1072.9%), from -€12,776 to -€149,840
- Debts after one year -€127,354
down €127,354 (-5.0%), from €2.5m to €2.4m
of which Financial debts: -€132,389
- Current portion of long-term debt +€75,424
up €75,424 (+280.5%), from €26,890 to €102,314
Income statement
- Depreciation -€149,316
down €149,316 (-61.6%), from €242,394 to €93,078
- Gross operating margin -€136,144
down €136,144 (-60.9%), from €223,396 to €87,252
- Financial charges +€11,013
up €11,013 (+8.8%), from €124,851 to €135,864
- Financial income +€7,548
up €7,548 (+16023.1%), from €47 to €7,596
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.
Result 2024
-€149,244
Gross operating margin
-€136,144
Depreciation
+€149,316
Other operating charges
+€1,802
Financial income
+€7,548
Financial charges
-€11,013
Taxes
+€671
Result 2025
-€137,064
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.
From operations
+€705,299
Investment
-€70,877
Financing
-€634,868
Cash 2024
€446
From operations (derived)
+€705,299
Net result for the year
-€137,064
Depreciation
+€93,078
Stocks and contracts
+€746,633
Receivables within one year
-€6,174
Smaller working-capital items
-€2,159
Tax, wage and social debts
-€2,115
Advances received
+€22,800
Other debts
-€9,700
Investment (derived)
-€70,877
Investment in fixed assets (net)
-€70,877
Financing
-€634,868
Debts after one year
-€127,354
Current portion of long-term debt
+€75,424
Short-term financial debts
-€582,938
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,930,224 | €3,168,710 | -€761,514 | -19.4% |
| Fixed assets | 21/28 | €3,052,250 | €3,030,048 | -€22,201 | -0.7% |
| Tangible fixed assets | 22/27 | €3,002,703 | €3,030,048 | +€27,346 | +0.9% |
| Land and buildings | 22 | €2,979,119 | €2,981,161 | +€2,041 | +0.1% |
| Furniture and vehicles | 24 | €23,583 | €48,888 | +€25,305 | +107.3% |
| Financial fixed assets | 28 | €49,547 | €0 | -€49,547 | -100.0% |
| Current assets | 29/58 | €877,975 | €138,662 | -€739,313 | -84.2% |
| Stocks and contracts in progress | 3 | €791,633 | €45,000 | -€746,633 | -94.3% |
| Stocks | 30/36 | €791,633 | €45,000 | -€746,633 | -94.3% |
| Amounts receivable within one year | 40/41 | €85,260 | €91,434 | +€6,174 | +7.2% |
| Trade receivables | 40 | €55,260 | €19,565 | -€35,695 | -64.6% |
| Other amounts receivable | 41 | €30,000 | €71,869 | +€41,869 | +139.6% |
| Cash at bank and in hand | 54/58 | €446 | €0 | -€446 | -100.0% |
| Deferred charges and accrued income | 490/1 | €635 | €2,228 | +€1,592 | +250.6% |
| Total equity and liabilities | 10/49 | €3,930,224 | €3,168,710 | -€761,514 | -19.4% |
| Equity | 10/15 | €6,621 | -€130,443 | -€137,064 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €797 | €797 | = | 0.0% |
| Non-distributable reserves | 130/1 | €797 | €797 | = | 0.0% |
| Reserves not available under the articles | 1311 | €797 | €797 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,776 | -€149,840 | -€137,064 | -1072.9% |
| Amounts payable | 17/49 | €3,923,603 | €3,299,153 | -€624,450 | -15.9% |
| Amounts payable after more than one year | 17 | €2,548,374 | €2,421,020 | -€127,354 | -5.0% |
| Financial debts | 170/4 | €2,527,484 | €2,395,095 | -€132,389 | -5.2% |
| Other amounts payable | 178/9 | €20,890 | €25,925 | +€5,035 | +24.1% |
| Amounts payable within one year | 42/48 | €1,375,229 | €878,133 | -€497,096 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €26,890 | €102,314 | +€75,424 | +280.5% |
| Financial debts | 43 | €690,356 | €107,418 | -€582,938 | -84.4% |
| Credit institutions | 430/8 | €690,356 | €107,418 | -€582,938 | -84.4% |
| Trade debts | 44 | €28,172 | €27,605 | -€567 | -2.0% |
| Suppliers | 440/4 | €28,172 | €27,605 | -€567 | -2.0% |
| Advances received on contracts in progress | 46 | €0 | €22,800 | +€22,800 | |
| Taxes, remuneration and social security | 45 | €5,293 | €3,177 | -€2,115 | -40.0% |
| Taxes | 450/3 | €5,293 | €3,177 | -€2,115 | -40.0% |
| Other amounts payable | 47/48 | €624,519 | €614,819 | -€9,700 | -1.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242,394 | €93,078 | -€149,316 | -61.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,771 | €2,968 | -€1,802 | -37.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €223,396 | €87,252 | -€136,144 | -60.9% |
| Operating profit (loss) | 9901 | -€23,769 | -€8,795 | +€14,974 | +63.0% |
| Financial income | 75/76B | €47 | €7,596 | +€7,548 | +16023.1% |
| Recurring financial income | 75 | €47 | €7,596 | +€7,548 | +16023.1% |
| Financial charges | 65/66B | €124,851 | €135,864 | +€11,013 | +8.8% |
| Recurring financial charges | 65 | €124,851 | €135,864 | +€11,013 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€148,573 | -€137,064 | +€11,509 | +7.7% |
| Income taxes | 67/77 | €671 | €0 | -€671 | -100.0% |
| Profit (loss) for the period | 9904 | -€149,244 | -€137,064 | +€12,180 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€149,244 | -€137,064 | +€12,180 | +8.2% |
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 3 October 2026 via checked.be.