UMBAU: 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.
UMBAU
Largest movements
- Receivables within one year +€208,556
up €208,556 (+110.3%), from €189,046 to €397,602
of which Trade receivables: +€208,364
- Cash -€118,933
down €118,933 (-90.7%), from €131,072 to €12,139
mainly Receivables within one year (-€208,556) and Net result for the year (-€52,801)
- Tangible fixed assets -€23,284
down €23,284 (-28.7%), from €81,112 to €57,828
of which Furniture and vehicles: -€17,034
- Financial fixed assets +€12,530
up €12,530 (+210.7%), from €5,948 to €18,478
- Short-term financial debts +€87,326
up €87,326 (+77.5%), from €112,719 to €200,046
- Profit (loss) carried forward -€52,801
down €52,801, from €15,644 to -€37,158
- Trade debts +€41,938
up €41,938 (+270.3%), from €15,515 to €57,453
- Debts after one year -€19,955
down €19,955 (-64.4%), from €30,987 to €11,032
- Current portion of long-term debt +€18,824
up €18,824 (+31.0%), from €60,697 to €79,522
- Staff costs +€71,473
up €71,473 (+15.7%), from €455,693 to €527,166
- Taxes -€11,872
down €11,872, from €11,000 to -€872
- Gross operating margin +€8,301
up €8,301 (+1.6%), from €505,598 to €513,899
- Depreciation +€6,703
up €6,703 (+36.3%), from €18,460 to €25,163
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 | €412,550 | €494,711 | +€82,161 | +19.9% |
| Fixed assets | 21/28 | €87,060 | €76,305 | -€10,754 | -12.4% |
| Tangible fixed assets | 22/27 | €81,112 | €57,828 | -€23,284 | -28.7% |
| Plant, machinery and equipment | 23 | €11,745 | €6,788 | -€4,957 | -42.2% |
| Furniture and vehicles | 24 | €67,836 | €50,802 | -€17,034 | -25.1% |
| Other tangible fixed assets | 26 | €1,532 | €238 | -€1,294 | -84.5% |
| Financial fixed assets | 28 | €5,948 | €18,478 | +€12,530 | +210.7% |
| Current assets | 29/58 | €325,490 | €418,406 | +€92,916 | +28.5% |
| Amounts receivable within one year | 40/41 | €189,046 | €397,602 | +€208,556 | +110.3% |
| Trade receivables | 40 | €189,046 | €397,410 | +€208,364 | +110.2% |
| Other amounts receivable | 41 | €0 | €192 | +€192 | |
| Cash at bank and in hand | 54/58 | €131,072 | €12,139 | -€118,933 | -90.7% |
| Deferred charges and accrued income | 490/1 | €5,372 | €8,665 | +€3,292 | +61.3% |
| Total equity and liabilities | 10/49 | €412,550 | €494,711 | +€82,161 | +19.9% |
| Equity | 10/15 | €65,644 | €12,842 | -€52,801 | -80.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,644 | -€37,158 | -€52,801 | |
| Amounts payable | 17/49 | €346,907 | €481,869 | +€134,962 | +38.9% |
| Amounts payable after more than one year | 17 | €30,987 | €11,032 | -€19,955 | -64.4% |
| Financial debts | 170/4 | €30,987 | €11,032 | -€19,955 | -64.4% |
| Amounts payable within one year | 42/48 | €315,920 | €470,837 | +€154,918 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €60,697 | €79,522 | +€18,824 | +31.0% |
| Financial debts | 43 | €112,719 | €200,046 | +€87,326 | +77.5% |
| Credit institutions | 430/8 | €112,719 | €200,046 | +€87,326 | +77.5% |
| Trade debts | 44 | €15,515 | €57,453 | +€41,938 | +270.3% |
| Suppliers | 440/4 | €15,515 | €57,453 | +€41,938 | +270.3% |
| Taxes, remuneration and social security | 45 | €126,912 | €133,742 | +€6,830 | +5.4% |
| Taxes | 450/3 | €80,168 | €67,168 | -€13,000 | -16.2% |
| Remuneration and social security | 454/9 | €46,744 | €66,574 | +€19,829 | +42.4% |
| Other amounts payable | 47/48 | €75 | €75 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €455,693 | €527,166 | +€71,473 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,460 | €25,163 | +€6,703 | +36.3% |
| Other operating charges | 640/8 | €957 | €677 | -€281 | -29.3% |
| Gross operating margin | 9900 | €505,598 | €513,899 | +€8,301 | +1.6% |
| Operating profit (loss) | 9901 | €30,487 | -€39,107 | -€69,594 | |
| Financial income | 75/76B | €0 | €87 | +€87 | +865200.0% |
| Recurring financial income | 75 | €0 | €87 | +€87 | +865200.0% |
| Financial charges | 65/66B | €14,760 | €14,653 | -€107 | -0.7% |
| Recurring financial charges | 65 | €14,760 | €14,653 | -€107 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €15,728 | -€53,674 | -€69,401 | |
| Income taxes | 67/77 | €11,000 | -€872 | -€11,872 | |
| Profit (loss) for the period | 9904 | €4,728 | -€52,801 | -€57,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,728 | -€52,801 | -€57,529 |
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 8 October 2026 via checked.be.