UL ADVICE: 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.
UL ADVICE
Largest movements
- Receivables within one year -€79,194
down €79,194 (-86.4%), from €91,701 to €12,507
of which Trade receivables: -€73,303
- Cash +€28,989
up €28,989 (+28.8%), from €100,781 to €129,770
mainly Receivables within one year (+€79,194) and Other debts (+€579)
- Accrued charges and deferred income -€21,901
no longer reported in 2025 (was €21,901)
- Trade debts -€19,783
down €19,783 (-16.8%), from €117,438 to €97,655
- Profit (loss) carried forward -€9,100
down €9,100 (-44.8%), from -€20,332 to -€29,431
- Gross operating margin -€11,951
down €11,951, from €4,797 to -€7,154
- Other operating charges +€944
up €944 (+243.8%), from €387 to €1,332
- Financial charges +€141
up €141 (+29.3%), from €481 to €622
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 | €192,482 | €142,277 | -€50,205 | -26.1% |
| Current assets | 29/58 | €192,482 | €142,277 | -€50,205 | -26.1% |
| Amounts receivable within one year | 40/41 | €91,701 | €12,507 | -€79,194 | -86.4% |
| Trade receivables | 40 | €84,212 | €10,908 | -€73,303 | -87.0% |
| Other amounts receivable | 41 | €7,489 | €1,599 | -€5,890 | -78.6% |
| Cash at bank and in hand | 54/58 | €100,781 | €129,770 | +€28,989 | +28.8% |
| Total equity and liabilities | 10/49 | €192,482 | €142,277 | -€50,205 | -26.1% |
| Equity | 10/15 | €7,168 | -€1,931 | -€9,100 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,332 | -€29,431 | -€9,100 | -44.8% |
| Amounts payable | 17/49 | €185,314 | €144,209 | -€41,105 | -22.2% |
| Amounts payable within one year | 42/48 | €163,413 | €144,209 | -€19,205 | -11.8% |
| Trade debts | 44 | €117,438 | €97,655 | -€19,783 | -16.8% |
| Suppliers | 440/4 | €117,438 | €97,655 | -€19,783 | -16.8% |
| Other amounts payable | 47/48 | €45,975 | €46,553 | +€579 | +1.3% |
| Accrued charges and deferred income | 492/3 | €21,901 | - | -€21,901 | |
| Other operating charges | 640/8 | €387 | €1,332 | +€944 | +243.8% |
| Non-recurring operating charges | 66A | €23 | - | -€23 | |
| Gross operating margin | 9900 | €4,797 | -€7,154 | -€11,951 | |
| Operating profit (loss) | 9901 | €4,386 | -€8,486 | -€12,872 | |
| Financial charges | 65/66B | €481 | €622 | +€141 | +29.3% |
| Recurring financial charges | 65 | €481 | €622 | +€141 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €3,906 | -€9,108 | -€13,013 | |
| Income taxes | 67/77 | - | -€8 | -€8 | |
| Profit (loss) for the period | 9904 | €3,906 | -€9,100 | -€13,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,906 | -€9,100 | -€13,005 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.