UMA: 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.
UMA
Largest movements
- Cash +€222,136
up €222,136 (+112.2%), from €198,059 to €420,195
mainly Net result for the year (+€151,623) and Depreciation (+€83,881)
- Tangible fixed assets -€40,667
down €40,667 (-15.9%), from €255,022 to €214,355
of which Plant, machinery and equipment: -€22,000
- Receivables within one year +€7,422
up €7,422 (+15.0%), from €49,544 to €56,966
of which Trade receivables: +€9,823
- Reserves +€73,826
up €73,826 (+35.2%), from €210,017 to €283,842
of which Distributable reserves: +€73,826
- Other debts +€53,801
up €53,801, from €0 to €53,801
- Short-term financial debts +€48,239
up €48,239 (+1707.4%), from €2,825 to €51,065
- Trade debts +€45,686
up €45,686 (+33.3%), from €137,100 to €182,786
- Debts after one year -€43,018
down €43,018 (-100.0%), from €43,018 to €0
- Gross operating margin +€77,922
up €77,922 (+7.6%), from €1.0m to €1.1m
- Staff costs +€54,887
up €54,887 (+7.5%), from €731,830 to €786,717
- Taxes +€22,419
up €22,419 (+46.0%), from €48,742 to €71,161
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 | €529,779 | €718,716 | +€188,937 | +35.7% |
| Fixed assets | 21/28 | €255,022 | €214,355 | -€40,667 | -15.9% |
| Tangible fixed assets | 22/27 | €255,022 | €214,355 | -€40,667 | -15.9% |
| Plant, machinery and equipment | 23 | €84,418 | €62,418 | -€22,000 | -26.1% |
| Furniture and vehicles | 24 | €9,133 | €5,185 | -€3,949 | -43.2% |
| Other tangible fixed assets | 26 | €161,471 | €146,752 | -€14,719 | -9.1% |
| Current assets | 29/58 | €274,757 | €504,360 | +€229,604 | +83.6% |
| Stocks and contracts in progress | 3 | €10,770 | €11,110 | +€340 | +3.2% |
| Stocks | 30/36 | €10,770 | €11,110 | +€340 | +3.2% |
| Amounts receivable within one year | 40/41 | €49,544 | €56,966 | +€7,422 | +15.0% |
| Trade receivables | 40 | €9,177 | €18,999 | +€9,823 | +107.0% |
| Other amounts receivable | 41 | €40,367 | €37,967 | -€2,400 | -5.9% |
| Cash at bank and in hand | 54/58 | €198,059 | €420,195 | +€222,136 | +112.2% |
| Deferred charges and accrued income | 490/1 | €16,383 | €16,089 | -€295 | -1.8% |
| Total equity and liabilities | 10/49 | €529,779 | €718,716 | +€188,937 | +35.7% |
| Equity | 10/15 | €229,017 | €302,842 | +€73,826 | +32.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €210,017 | €283,842 | +€73,826 | +35.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €210,017 | €283,842 | +€73,826 | +35.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €300,762 | €415,873 | +€115,111 | +38.3% |
| Amounts payable after more than one year | 17 | €43,018 | €0 | -€43,018 | -100.0% |
| Financial debts | 170/4 | €43,018 | €0 | -€43,018 | -100.0% |
| Amounts payable within one year | 42/48 | €257,745 | €415,873 | +€158,128 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €40,332 | €43,018 | +€2,685 | +6.7% |
| Financial debts | 43 | €2,825 | €51,065 | +€48,239 | +1707.4% |
| Credit institutions | 430/8 | €2,825 | €51,065 | +€48,239 | +1707.4% |
| Trade debts | 44 | €137,100 | €182,786 | +€45,686 | +33.3% |
| Suppliers | 440/4 | €137,100 | €182,786 | +€45,686 | +33.3% |
| Taxes, remuneration and social security | 45 | €77,488 | €85,204 | +€7,716 | +10.0% |
| Taxes | 450/3 | €4,336 | €13,459 | +€9,124 | +210.4% |
| Remuneration and social security | 454/9 | €73,152 | €71,745 | -€1,407 | -1.9% |
| Other amounts payable | 47/48 | €0 | €53,801 | +€53,801 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €731,830 | €786,717 | +€54,887 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,592 | €83,881 | +€6,289 | +8.1% |
| Other operating charges | 640/8 | €6,302 | €3,343 | -€2,959 | -47.0% |
| Gross operating margin | 9900 | €1,023,021 | €1,100,944 | +€77,922 | +7.6% |
| Operating profit (loss) | 9901 | €207,298 | €227,003 | +€19,705 | +9.5% |
| Financial income | 75/76B | €965 | €2,492 | +€1,527 | +158.3% |
| Recurring financial income | 75 | €965 | €2,492 | +€1,527 | +158.3% |
| Financial charges | 65/66B | €8,243 | €6,711 | -€1,533 | -18.6% |
| Recurring financial charges | 65 | €8,243 | €6,711 | -€1,533 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €200,020 | €222,784 | +€22,765 | +11.4% |
| Income taxes | 67/77 | €48,742 | €71,161 | +€22,419 | +46.0% |
| Profit (loss) for the period | 9904 | €151,277 | €151,623 | +€346 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €151,277 | €151,623 | +€346 | +0.2% |
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 5 October 2026 via checked.be.