UMAI: 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.
UMAI
Largest movements
- Cash +€15,895
up €15,895 (+19.7%), from €80,859 to €96,754
mainly Net result for the year (+€18,780) and Depreciation (+€5,828)
- Receivables within one year +€8,657
up €8,657 (+241%), from €3,587 to €12,245
of which Other amounts receivable: +€7,922
- Tangible fixed assets -€3,553
down €3,553 (-25.6%), from €13,859 to €10,306
of which Furniture and vehicles: -€2,367
- Stocks and contracts -€1,960
down €1,960 (-42.4%), from €4,625 to €2,665
- Intangible fixed assets -€1,697
down €1,697 (-12.5%), from €13,576 to €11,879
- Reserves +€18,780
up €18,780 (+31.0%), from €60,551 to €79,330
- Other debts -€4,460
down €4,460 (-11.1%), from €40,357 to €35,897
- Trade debts +€3,274
up €3,274 (+28.3%), from €11,566 to €14,840
- Tax, wage and social debts -€1,464
down €1,464 (-26.6%), from €5,512 to €4,048
of which Taxes: -€3,290
- Gross operating margin -€25,190
down €25,190 (-20.1%), from €125,501 to €100,311
- Staff costs +€20,164
up €20,164 (+46.0%), from €43,865 to €64,029
- Taxes -€2,973
down €2,973 (-24.0%), from €12,404 to €9,430
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.
Derived cash bridge
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 | €117,986 | €134,115 | +€16,130 | +13.7% |
| Fixed assets | 21/28 | €27,435 | €22,185 | -€5,250 | -19.1% |
| Intangible fixed assets | 21 | €13,576 | €11,879 | -€1,697 | -12.5% |
| Tangible fixed assets | 22/27 | €13,859 | €10,306 | -€3,553 | -25.6% |
| Plant, machinery and equipment | 23 | €6,758 | €5,572 | -€1,186 | -17.5% |
| Furniture and vehicles | 24 | €7,101 | €4,734 | -€2,367 | -33.3% |
| Current assets | 29/58 | €90,551 | €111,930 | +€21,379 | +23.6% |
| Stocks and contracts in progress | 3 | €4,625 | €2,665 | -€1,960 | -42.4% |
| Stocks | 30/36 | €4,625 | €2,665 | -€1,960 | -42.4% |
| Amounts receivable within one year | 40/41 | €3,587 | €12,245 | +€8,657 | +241% |
| Trade receivables | 40 | €2,760 | €3,495 | +€735 | +26.6% |
| Other amounts receivable | 41 | €827 | €8,749 | +€7,922 | +958% |
| Cash at bank and in hand | 54/58 | €80,859 | €96,754 | +€15,895 | +19.7% |
| Deferred charges and accrued income | 490/1 | €1,479 | €266 | -€1,213 | -82.0% |
| Total equity and liabilities | 10/49 | €117,986 | €134,115 | +€16,130 | +13.7% |
| Equity | 10/15 | €60,551 | €79,330 | +€18,780 | +31.0% |
| Reserves | 13 | €60,551 | €79,330 | +€18,780 | +31.0% |
| Distributable reserves | 133 | €60,551 | €79,330 | +€18,780 | +31.0% |
| Amounts payable | 17/49 | €57,435 | €54,785 | -€2,650 | -4.6% |
| Amounts payable within one year | 42/48 | €57,435 | €54,785 | -€2,650 | -4.6% |
| Trade debts | 44 | €11,566 | €14,840 | +€3,274 | +28.3% |
| Suppliers | 440/4 | €11,566 | €14,840 | +€3,274 | +28.3% |
| Taxes, remuneration and social security | 45 | €5,512 | €4,048 | -€1,464 | -26.6% |
| Taxes | 450/3 | €3,290 | - | -€3,290 | |
| Remuneration and social security | 454/9 | €2,222 | €4,048 | +€1,826 | +82.2% |
| Other amounts payable | 47/48 | €40,357 | €35,897 | -€4,460 | -11.1% |
| Remuneration, social security and pensions | 62 | €43,865 | €64,029 | +€20,164 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,391 | €5,828 | +€437 | +8.1% |
| Other operating charges | 640/8 | €988 | €877 | -€111 | -11.2% |
| Gross operating margin | 9900 | €125,501 | €100,311 | -€25,190 | -20.1% |
| Operating profit (loss) | 9901 | €75,257 | €29,577 | -€45,680 | -60.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -91.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -91.7% |
| Financial charges | 65/66B | €1,237 | €1,367 | +€131 | +10.6% |
| Recurring financial charges | 65 | €1,237 | €1,367 | +€131 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €74,021 | €28,210 | -€45,811 | -61.9% |
| Income taxes | 67/77 | €12,404 | €9,430 | -€2,973 | -24.0% |
| Profit (loss) for the period | 9904 | €61,617 | €18,780 | -€42,838 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,617 | €18,780 | -€42,838 | -69.5% |
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 13 October 2026 via checked.be.