UMAR: 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.
UMAR
Largest movements
- Cash -€220,350
down €220,350 (-82.9%), from €265,793 to €45,443
mainly Tax, wage and social debts (-€130,962) and Net result for the year (-€119,092)
- Receivables within one year -€46,234
down €46,234 (-21.2%), from €218,568 to €172,334
of which Other amounts receivable: -€46,907
- Stocks and contracts +€39,450
up €39,450 (+49.6%), from €79,556 to €119,006
- Tangible fixed assets +€15,199
up €15,199 (+1,273%), from €1,194 to €16,393
- Tax, wage and social debts -€130,962
down €130,962 (-91.1%), from €143,769 to €12,807
of which Remuneration and social security: -€120,255
- Profit (loss) carried forward -€119,092
down €119,092, from €78,999 to -€40,092
- Other debts +€29,901
up €29,901 (+66.4%), from €45,031 to €74,932
- Trade debts +€6,477
up €6,477 (+2.6%), from €248,105 to €254,582
- Gross operating margin -€114,554
down €114,554 (-61.8%), from €185,400 to €70,846
- Taxes +€5,129
up €5,129 (+47.7%), from €10,754 to €15,882
- Staff costs +€3,690
up €3,690 (+2.3%), from €163,707 to €167,397
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €568,063 | €354,388 | -€213,675 | -37.6% |
| Fixed assets | 21/28 | €2,405 | €17,605 | +€15,199 | +632% |
| Tangible fixed assets | 22/27 | €1,194 | €16,393 | +€15,199 | +1,273% |
| Furniture and vehicles | 24 | €1,194 | €16,393 | +€15,199 | +1,273% |
| Financial fixed assets | 28 | €1,212 | €1,212 | = | 0.0% |
| Current assets | 29/58 | €565,657 | €336,783 | -€228,874 | -40.5% |
| Stocks and contracts in progress | 3 | €79,556 | €119,006 | +€39,450 | +49.6% |
| Stocks | 30/36 | €79,556 | €119,006 | +€39,450 | +49.6% |
| Amounts receivable within one year | 40/41 | €218,568 | €172,334 | -€46,234 | -21.2% |
| Trade receivables | 40 | €6,163 | €6,836 | +€673 | +10.9% |
| Other amounts receivable | 41 | €212,405 | €165,498 | -€46,907 | -22.1% |
| Cash at bank and in hand | 54/58 | €265,793 | €45,443 | -€220,350 | -82.9% |
| Deferred charges and accrued income | 490/1 | €1,741 | - | -€1,741 | |
| Total equity and liabilities | 10/49 | €568,063 | €354,388 | -€213,675 | -37.6% |
| Equity | 10/15 | €131,159 | €12,067 | -€119,092 | -90.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,559 | €33,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,021 | €15,021 | = | 0.0% |
| Distributable reserves | 133 | €16,679 | €16,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,999 | -€40,092 | -€119,092 | |
| Amounts payable | 17/49 | €436,904 | €342,321 | -€94,583 | -21.6% |
| Amounts payable within one year | 42/48 | €436,904 | €342,321 | -€94,583 | -21.6% |
| Trade debts | 44 | €248,105 | €254,582 | +€6,477 | +2.6% |
| Suppliers | 440/4 | €248,105 | €254,582 | +€6,477 | +2.6% |
| Taxes, remuneration and social security | 45 | €143,769 | €12,807 | -€130,962 | -91.1% |
| Taxes | 450/3 | €12,130 | €1,424 | -€10,707 | -88.3% |
| Remuneration and social security | 454/9 | €131,639 | €11,384 | -€120,255 | -91.4% |
| Other amounts payable | 47/48 | €45,031 | €74,932 | +€29,901 | +66.4% |
| Remuneration, social security and pensions | 62 | €163,707 | €167,397 | +€3,690 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €494 | +€494 | |
| Other operating charges | 640/8 | €2,165 | €2,042 | -€123 | -5.7% |
| Gross operating margin | 9900 | €185,400 | €70,846 | -€114,554 | -61.8% |
| Operating profit (loss) | 9901 | €19,528 | -€99,087 | -€118,615 | |
| Financial income | 75/76B | €0 | €4 | +€4 | +14,333% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +14,333% |
| Financial charges | 65/66B | €3,335 | €4,126 | +€791 | +23.7% |
| Recurring financial charges | 65 | €3,335 | €4,126 | +€791 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €16,193 | -€103,209 | -€119,402 | |
| Income taxes | 67/77 | €10,754 | €15,882 | +€5,129 | +47.7% |
| Profit (loss) for the period | 9904 | €5,439 | -€119,092 | -€124,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,439 | -€119,092 | -€124,530 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.