UMT: 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.
UMT
Largest movements
- Receivables within one year +€68,867
up €68,867 (+297.3%), from €23,165 to €92,032
of which Trade receivables: +€70,390
- Cash +€10,431
up €10,431 (+35.9%), from €29,058 to €39,489
mainly Advances received (+€30,000) and Depreciation (+€28,816)
- Advances received +€30,000
new in 2025: €30,000
- Trade debts +€19,694
up €19,694 (+108.0%), from €18,240 to €37,934
- Tax, wage and social debts +€18,241
up €18,241 (+68.3%), from €26,711 to €44,952
of which Remuneration and social security: +€19,850
- Profit (loss) carried forward +€11,999
up €11,999 (+25.9%), from €46,304 to €58,303
- Staff costs +€127,477
up €127,477 (+200.9%), from €63,466 to €190,943
- Gross operating margin +€113,044
up €113,044 (+80.7%), from €140,151 to €253,195
- Depreciation +€16,050
up €16,050 (+125.7%), from €12,766 to €28,816
- Taxes -€9,901
down €9,901 (-63.3%), from €15,635 to €5,735
- Financial charges +€9,220
up €9,220 (+9913.2%), from €93 to €9,313
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 | €133,921 | €212,598 | +€78,677 | +58.7% |
| Fixed assets | 21/28 | €81,454 | €80,191 | -€1,262 | -1.5% |
| Tangible fixed assets | 22/27 | €81,454 | €80,191 | -€1,262 | -1.5% |
| Plant, machinery and equipment | 23 | €17,070 | €13,586 | -€3,484 | -20.4% |
| Furniture and vehicles | 24 | €64,383 | €66,605 | +€2,222 | +3.5% |
| Current assets | 29/58 | €52,467 | €132,407 | +€79,940 | +152.4% |
| Amounts receivable within one year | 40/41 | €23,165 | €92,032 | +€68,867 | +297.3% |
| Trade receivables | 40 | €6,727 | €77,116 | +€70,390 | +1046.5% |
| Other amounts receivable | 41 | €16,438 | €14,915 | -€1,523 | -9.3% |
| Cash at bank and in hand | 54/58 | €29,058 | €39,489 | +€10,431 | +35.9% |
| Deferred charges and accrued income | 490/1 | €244 | €886 | +€642 | +262.9% |
| Total equity and liabilities | 10/49 | €133,921 | €212,598 | +€78,677 | +58.7% |
| Equity | 10/15 | €83,304 | €95,303 | +€11,999 | +14.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,304 | €58,303 | +€11,999 | +25.9% |
| Amounts payable | 17/49 | €50,617 | €117,295 | +€66,679 | +131.7% |
| Amounts payable within one year | 42/48 | €50,617 | €117,295 | +€66,679 | +131.7% |
| Trade debts | 44 | €18,240 | €37,934 | +€19,694 | +108.0% |
| Suppliers | 440/4 | €18,240 | €37,934 | +€19,694 | +108.0% |
| Advances received on contracts in progress | 46 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €26,711 | €44,952 | +€18,241 | +68.3% |
| Taxes | 450/3 | €22,979 | €21,370 | -€1,609 | -7.0% |
| Remuneration and social security | 454/9 | €3,732 | €23,582 | +€19,850 | +531.8% |
| Other amounts payable | 47/48 | €5,665 | €4,409 | -€1,256 | -22.2% |
| Remuneration, social security and pensions | 62 | €63,466 | €190,943 | +€127,477 | +200.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,766 | €28,816 | +€16,050 | +125.7% |
| Other operating charges | 640/8 | €1,160 | €6,391 | +€5,231 | +450.8% |
| Gross operating margin | 9900 | €140,151 | €253,195 | +€113,044 | +80.7% |
| Operating profit (loss) | 9901 | €62,758 | €27,044 | -€35,714 | -56.9% |
| Financial income | 75/76B | €0 | €2 | +€2 | +11250.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +11250.0% |
| Financial charges | 65/66B | €93 | €9,313 | +€9,220 | +9913.2% |
| Recurring financial charges | 65 | €93 | €9,313 | +€9,220 | +9913.2% |
| Profit (loss) for the period before taxes | 9903 | €62,665 | €17,733 | -€44,932 | -71.7% |
| Income taxes | 67/77 | €15,635 | €5,735 | -€9,901 | -63.3% |
| Profit (loss) for the period | 9904 | €47,030 | €11,999 | -€35,031 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,030 | €11,999 | -€35,031 | -74.5% |
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 4 October 2026 via checked.be.