UMGENI: what changed
UMGENI
Largest movements
- Tangible fixed assets +€5,514
up €5,514 (+199%), from €2,777 to €8,291
of which Furniture and vehicles: +€5,646
- Receivables within one year +€4,853
up €4,853 (+17.2%), from €28,139 to €32,992
of which Trade receivables: +€3,205
- Current investments +€4,113
up €4,113 (+25.6%), from €16,050 to €20,163
- Deferred charges and accrued income -€1,342
down €1,342 (-77.7%), from €1,728 to €386
- Cash +€1,017
up €1,017 (+36.2%), from €2,808 to €3,825
mainly Net result for the year (+€11,811) and Debts after one year (+€2,453)
- Reserves +€8,785
up €8,785 (+14.5%), from €60,490 to €69,275
- Profit (loss) carried forward +€3,026
no longer reported in 2025 (was -€3,026)
- Debts after one year +€2,453
new in 2025: €2,453
- Tax, wage and social debts -€1,672
down €1,672 (-19.4%), from €8,630 to €6,957
- Other debts +€1,541
new in 2025: €1,541
- Gross operating margin +€11,894
up €11,894 (+103%), from €11,503 to €23,397
- Taxes +€3,048
up €3,048 (+81.8%), from €3,727 to €6,776
- Depreciation +€1,054
up €1,054 (+111%), from €952 to €2,005
- Financial charges +€311
up €311 (+43.7%), from €711 to €1,022
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,002 | €84,158 | +€14,156 | +20.2% |
| Fixed assets | 21/28 | €2,777 | €8,291 | +€5,514 | +199% |
| Tangible fixed assets | 22/27 | €2,777 | €8,291 | +€5,514 | +199% |
| Plant, machinery and equipment | 23 | €1,858 | €1,726 | -€132 | -7.1% |
| Furniture and vehicles | 24 | €920 | €6,565 | +€5,646 | +614% |
| Current assets | 29/58 | €67,224 | €75,866 | +€8,642 | +12.9% |
| Amounts receivable after more than one year | 29 | €18,500 | €18,500 | = | 0.0% |
| Other amounts receivable | 291 | €18,500 | €18,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,139 | €32,992 | +€4,853 | +17.2% |
| Trade receivables | 40 | €26,681 | €29,886 | +€3,205 | +12.0% |
| Other amounts receivable | 41 | €1,459 | €3,107 | +€1,648 | +113% |
| Current investments | 50/53 | €16,050 | €20,163 | +€4,113 | +25.6% |
| Cash at bank and in hand | 54/58 | €2,808 | €3,825 | +€1,017 | +36.2% |
| Deferred charges and accrued income | 490/1 | €1,728 | €386 | -€1,342 | -77.7% |
| Total equity and liabilities | 10/49 | €70,002 | €84,158 | +€14,156 | +20.2% |
| Equity | 10/15 | €58,964 | €70,775 | +€11,811 | +20.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €60,490 | €69,275 | +€8,785 | +14.5% |
| Distributable reserves | 133 | €60,490 | €69,275 | +€8,785 | +14.5% |
| Profit (loss) carried forward | 14 | -€3,026 | - | +€3,026 | |
| Amounts payable | 17/49 | €11,038 | €13,383 | +€2,344 | +21.2% |
| Amounts payable after more than one year | 17 | - | €2,453 | +€2,453 | |
| Financial debts | 170/4 | - | €2,453 | +€2,453 | |
| Amounts payable within one year | 42/48 | €11,038 | €10,930 | -€108 | -1.0% |
| Trade debts | 44 | €2,409 | €2,432 | +€23 | +1.0% |
| Suppliers | 440/4 | €2,409 | €2,432 | +€23 | +1.0% |
| Taxes, remuneration and social security | 45 | €8,630 | €6,957 | -€1,672 | -19.4% |
| Taxes | 450/3 | €8,630 | €6,957 | -€1,672 | -19.4% |
| Other amounts payable | 47/48 | - | €1,541 | +€1,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €2,005 | +€1,054 | +111% |
| Other operating charges | 640/8 | €1,797 | €1,905 | +€108 | +6.0% |
| Gross operating margin | 9900 | €11,503 | €23,397 | +€11,894 | +103% |
| Operating profit (loss) | 9901 | €8,754 | €19,488 | +€10,733 | +123% |
| Financial income | 75/76B | - | €121 | +€121 | |
| Recurring financial income | 75 | - | €121 | +€121 | |
| Financial charges | 65/66B | €711 | €1,022 | +€311 | +43.7% |
| Recurring financial charges | 65 | €711 | €1,022 | +€311 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €8,043 | €18,587 | +€10,544 | +131% |
| Income taxes | 67/77 | €3,727 | €6,776 | +€3,048 | +81.8% |
| Profit (loss) for the period | 9904 | €4,316 | €11,811 | +€7,495 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €4,316 | €11,811 | +€7,495 | +174% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.