UMAH: 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.
UMAH
Largest movements
- Tangible fixed assets -€1,712
down €1,712 (-12.0%), from €14,226 to €12,515
- Cash -€1,551
down €1,551 (-1.6%), from €99,130 to €97,579
mainly Tax, wage and social debts (-€12,429) and Debts after one year (-€4,533)
- Profit (loss) carried forward +€12,510
up €12,510 (+16.4%), from €76,130 to €88,640
- Tax, wage and social debts -€12,429
down €12,429 (-44.3%), from €28,040 to €15,611
- Debts after one year -€4,533
down €4,533 (-39.7%), from €11,410 to €6,877
- Gross operating margin -€19,943
down €19,943 (-45.0%), from €44,284 to €24,342
- Taxes -€4,023
down €4,023 (-46.4%), from €8,665 to €4,642
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 | €127,265 | €123,009 | -€4,256 | -3.3% |
| Fixed assets | 21/28 | €14,226 | €12,515 | -€1,712 | -12.0% |
| Tangible fixed assets | 22/27 | €14,226 | €12,515 | -€1,712 | -12.0% |
| Furniture and vehicles | 24 | €14,226 | €12,515 | -€1,712 | -12.0% |
| Current assets | 29/58 | €113,039 | €110,495 | -€2,544 | -2.3% |
| Amounts receivable within one year | 40/41 | €13,908 | €12,742 | -€1,166 | -8.4% |
| Trade receivables | 40 | €13,863 | €12,742 | -€1,121 | -8.1% |
| Other amounts receivable | 41 | €45 | - | -€45 | |
| Cash at bank and in hand | 54/58 | €99,130 | €97,579 | -€1,551 | -1.6% |
| Deferred charges and accrued income | 490/1 | - | €174 | +€174 | |
| Total equity and liabilities | 10/49 | €127,265 | €123,009 | -€4,256 | -3.3% |
| Equity | 10/15 | €77,130 | €89,640 | +€12,510 | +16.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,130 | €88,640 | +€12,510 | +16.4% |
| Amounts payable | 17/49 | €50,135 | €33,369 | -€16,765 | -33.4% |
| Amounts payable after more than one year | 17 | €11,410 | €6,877 | -€4,533 | -39.7% |
| Financial debts | 170/4 | €11,410 | €6,877 | -€4,533 | -39.7% |
| Amounts payable within one year | 42/48 | €32,574 | €20,510 | -€12,065 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €4,284 | €4,533 | +€249 | +5.8% |
| Trade debts | 44 | €250 | €366 | +€116 | +46.2% |
| Suppliers | 440/4 | €250 | €366 | +€116 | +46.2% |
| Taxes, remuneration and social security | 45 | €28,040 | €15,611 | -€12,429 | -44.3% |
| Taxes | 450/3 | €28,040 | €15,611 | -€12,429 | -44.3% |
| Accrued charges and deferred income | 492/3 | €6,150 | €5,983 | -€168 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,487 | €5,737 | +€249 | +4.5% |
| Other operating charges | 640/8 | €511 | €355 | -€157 | -30.6% |
| Gross operating margin | 9900 | €44,284 | €24,342 | -€19,943 | -45.0% |
| Operating profit (loss) | 9901 | €38,286 | €18,250 | -€20,036 | -52.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,210 | €1,100 | -€109 | -9.1% |
| Recurring financial charges | 65 | €1,210 | €1,100 | -€109 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €37,076 | €17,152 | -€19,925 | -53.7% |
| Income taxes | 67/77 | €8,665 | €4,642 | -€4,023 | -46.4% |
| Profit (loss) for the period | 9904 | €28,411 | €12,510 | -€15,901 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,411 | €12,510 | -€15,901 | -56.0% |
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 1 October 2026 via checked.be.