Umbrella Corporation: 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.
Umbrella Corporation
Largest movements
- Receivables within one year +€32,856
up €32,856 (+77.3%), from €42,493 to €75,349
of which Other amounts receivable: +€26,564
- Cash -€12,049
down €12,049 (-62.4%), from €19,302 to €7,253
mainly Receivables within one year (-€32,856) and Net result for the year (-€12,401)
- Tangible fixed assets -€8,667
down €8,667 (-35.7%), from €24,248 to €15,581
- Tax, wage and social debts +€25,928
up €25,928 (+75.7%), from €34,257 to €60,185
- Reserves -€12,401
down €12,401 (-36.6%), from €33,928 to €21,527
- Trade debts -€1,376
down €1,376 (-8.4%), from €16,435 to €15,059
- Gross operating margin -€49,811
down €49,811, from €49,752 to -€59
- Taxes -€10,760
down €10,760 (-97.6%), from €11,023 to €263
- Depreciation +€6,914
up €6,914 (+395%), from €1,752 to €8,667
- Financial charges +€1,775
up €1,775 (+83.3%), from €2,131 to €3,906
- Financial income +€1,735
up €1,735 (+135%), from €1,288 to €3,023
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 | €86,620 | €98,771 | +€12,151 | +14.0% |
| Fixed assets | 21/28 | €24,248 | €15,581 | -€8,667 | -35.7% |
| Tangible fixed assets | 22/27 | €24,248 | €15,581 | -€8,667 | -35.7% |
| Furniture and vehicles | 24 | €24,248 | €15,581 | -€8,667 | -35.7% |
| Current assets | 29/58 | €62,372 | €83,190 | +€20,818 | +33.4% |
| Amounts receivable within one year | 40/41 | €42,493 | €75,349 | +€32,856 | +77.3% |
| Trade receivables | 40 | - | €6,292 | +€6,292 | |
| Other amounts receivable | 41 | €42,493 | €69,057 | +€26,564 | +62.5% |
| Cash at bank and in hand | 54/58 | €19,302 | €7,253 | -€12,049 | -62.4% |
| Deferred charges and accrued income | 490/1 | €577 | €587 | +€10 | +1.8% |
| Total equity and liabilities | 10/49 | €86,620 | €98,771 | +€12,151 | +14.0% |
| Equity | 10/15 | €35,928 | €23,527 | -€12,401 | -34.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,928 | €21,527 | -€12,401 | -36.6% |
| Distributable reserves | 133 | €33,928 | €21,527 | -€12,401 | -36.6% |
| Amounts payable | 17/49 | €50,692 | €75,244 | +€24,552 | +48.4% |
| Amounts payable within one year | 42/48 | €50,692 | €75,244 | +€24,552 | +48.4% |
| Trade debts | 44 | €16,435 | €15,059 | -€1,376 | -8.4% |
| Suppliers | 440/4 | €16,435 | €15,059 | -€1,376 | -8.4% |
| Taxes, remuneration and social security | 45 | €34,257 | €60,185 | +€25,928 | +75.7% |
| Taxes | 450/3 | €34,257 | €60,185 | +€25,928 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €8,667 | +€6,914 | +395% |
| Other operating charges | 640/8 | €2,206 | €2,529 | +€323 | +14.7% |
| Gross operating margin | 9900 | €49,752 | -€59 | -€49,811 | |
| Operating profit (loss) | 9901 | €45,794 | -€11,255 | -€57,049 | |
| Financial income | 75/76B | €1,288 | €3,023 | +€1,735 | +135% |
| Recurring financial income | 75 | €1,288 | €3,023 | +€1,735 | +135% |
| Financial charges | 65/66B | €2,131 | €3,906 | +€1,775 | +83.3% |
| Recurring financial charges | 65 | €2,131 | €3,906 | +€1,775 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €44,951 | -€12,138 | -€57,089 | |
| Income taxes | 67/77 | €11,023 | €263 | -€10,760 | -97.6% |
| Profit (loss) for the period | 9904 | €33,928 | -€12,401 | -€46,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,928 | -€12,401 | -€46,329 |
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 27 October 2026 via checked.be.