UMUT: 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.
UMUT
Largest movements
- Receivables within one year +€28,243
up €28,243 (+65.3%), from €43,234 to €71,477
of which Other amounts receivable: +€18,972
- Stocks and contracts -€5,606
down €5,606 (-63.8%), from €8,791 to €3,185
- Cash -€4,363
down €4,363 (-15.0%), from €29,107 to €24,743
mainly Receivables within one year (-€28,243) and Deferred charges and accrued income (-€1,806)
- Deferred charges and accrued income +€1,806
new in 2025: €1,806
- Reserves +€16,432
up €16,432 (+35.1%), from €46,797 to €63,229
of which Distributable reserves: +€16,432
- Trade debts +€5,772
up €5,772 (+56.7%), from €10,182 to €15,954
- Tax, wage and social debts -€1,149
down €1,149 (-10.6%), from €10,856 to €9,707
of which Remuneration and social security: -€4,365
- Gross operating margin +€5,711
up €5,711 (+32.1%), from €17,789 to €23,500
- Financial income +€3,061
up €3,061 (+1484.7%), from €206 to €3,268
- Taxes +€3,023
up €3,023 (+90.5%), from €3,342 to €6,365
- Other operating charges +€264
up €264 (+11.9%), from €2,218 to €2,482
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 | €86,436 | €107,491 | +€21,056 | +24.4% |
| Fixed assets | 21/28 | €2,511 | €3,487 | +€975 | +38.8% |
| Tangible fixed assets | 22/27 | €643 | €1,619 | +€975 | +151.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €643 | €1,619 | +€975 | +151.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,868 | €1,868 | = | 0.0% |
| Current assets | 29/58 | €83,925 | €104,005 | +€20,080 | +23.9% |
| Stocks and contracts in progress | 3 | €8,791 | €3,185 | -€5,606 | -63.8% |
| Stocks | 30/36 | €8,791 | €3,185 | -€5,606 | -63.8% |
| Amounts receivable within one year | 40/41 | €43,234 | €71,477 | +€28,243 | +65.3% |
| Trade receivables | 40 | €0 | €9,271 | +€9,271 | |
| Other amounts receivable | 41 | €43,234 | €62,206 | +€18,972 | +43.9% |
| Current investments | 50/53 | €2,793 | €2,793 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,107 | €24,743 | -€4,363 | -15.0% |
| Deferred charges and accrued income | 490/1 | - | €1,806 | +€1,806 | |
| Total equity and liabilities | 10/49 | €86,436 | €107,491 | +€21,056 | +24.4% |
| Equity | 10/15 | €65,397 | €81,829 | +€16,432 | +25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,797 | €63,229 | +€16,432 | +35.1% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €45,797 | €62,229 | +€16,432 | +35.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,038 | €25,662 | +€4,624 | +22.0% |
| Amounts payable within one year | 42/48 | €21,038 | €25,662 | +€4,624 | +22.0% |
| Trade debts | 44 | €10,182 | €15,954 | +€5,772 | +56.7% |
| Suppliers | 440/4 | €10,182 | €15,954 | +€5,772 | +56.7% |
| Taxes, remuneration and social security | 45 | €10,856 | €9,707 | -€1,149 | -10.6% |
| Taxes | 450/3 | €6,492 | €9,707 | +€3,216 | +49.5% |
| Remuneration and social security | 454/9 | €4,365 | - | -€4,365 | |
| Remuneration, social security and pensions | 62 | - | €95 | +€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €542 | +€30 | +5.9% |
| Other operating charges | 640/8 | €2,218 | €2,482 | +€264 | +11.9% |
| Gross operating margin | 9900 | €17,789 | €23,500 | +€5,711 | +32.1% |
| Operating profit (loss) | 9901 | €15,059 | €20,381 | +€5,322 | +35.3% |
| Financial income | 75/76B | €206 | €3,268 | +€3,061 | +1484.7% |
| Recurring financial income | 75 | €206 | €3,268 | +€3,061 | +1484.7% |
| Financial charges | 65/66B | €922 | €851 | -€71 | -7.7% |
| Recurring financial charges | 65 | €922 | €851 | -€71 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €14,343 | €22,797 | +€8,454 | +58.9% |
| Income taxes | 67/77 | €3,342 | €6,365 | +€3,023 | +90.5% |
| Profit (loss) for the period | 9904 | €11,001 | €16,432 | +€5,430 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,001 | €16,432 | +€5,430 | +49.4% |
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 12 October 2026 via checked.be.