UNDICI: 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.
UNDICI
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+25.5%), from €4.8m to €6.0m
of which Land and buildings: +€1.2m
- Cash -€325,281
down €325,281 (-57.0%), from €570,965 to €245,684
mainly Investment in fixed assets (net) (-€1.9m) and Net result for the year (-€146,354)
- Receivables within one year -€95,261
down €95,261 (-42.4%), from €224,470 to €129,208
of which Trade receivables: -€115,251
- Debts after one year +€454,569
up €454,569 (+10.5%), from €4.3m to €4.8m
- Other debts +€418,188
up €418,188 (+86.7%), from €482,154 to €900,342
- Reserves -€146,354
down €146,354 (-51.5%), from €283,921 to €137,567
- Depreciation +€478,191
up €478,191 (+237.9%), from €200,994 to €679,185
- Gross operating margin -€25,489
down €25,489 (-3.9%), from €647,022 to €621,534
- Staff costs +€25,218
new in 2025: €25,218
- Financial charges +€9,461
up €9,461 (+23.3%), from €40,522 to €49,984
- Other operating charges +€7,547
up €7,547 (+84.2%), from €8,960 to €16,507
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 | €5,602,650 | €6,405,723 | +€803,073 | +14.3% |
| Fixed assets | 21/28 | €4,804,118 | €6,027,009 | +€1.2m | +25.5% |
| Tangible fixed assets | 22/27 | €4,804,118 | €6,027,009 | +€1.2m | +25.5% |
| Land and buildings | 22 | €4,765,242 | €5,953,995 | +€1.2m | +24.9% |
| Furniture and vehicles | 24 | €38,876 | €73,014 | +€34,138 | +87.8% |
| Current assets | 29/58 | €798,532 | €378,714 | -€419,818 | -52.6% |
| Amounts receivable within one year | 40/41 | €224,470 | €129,208 | -€95,261 | -42.4% |
| Trade receivables | 40 | €221,817 | €106,566 | -€115,251 | -52.0% |
| Other amounts receivable | 41 | €2,653 | €22,642 | +€19,990 | +753.6% |
| Cash at bank and in hand | 54/58 | €570,965 | €245,684 | -€325,281 | -57.0% |
| Deferred charges and accrued income | 490/1 | €3,098 | €3,822 | +€724 | +23.4% |
| Total equity and liabilities | 10/49 | €5,602,650 | €6,405,723 | +€803,073 | +14.3% |
| Equity | 10/15 | €504,521 | €358,167 | -€146,354 | -29.0% |
| Contributions | 10/11 | €220,600 | €220,600 | = | 0.0% |
| Reserves | 13 | €283,921 | €137,567 | -€146,354 | -51.5% |
| Distributable reserves | 133 | €283,921 | €137,567 | -€146,354 | -51.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,098,129 | €6,047,557 | +€949,427 | +18.6% |
| Amounts payable after more than one year | 17 | €4,339,611 | €4,794,180 | +€454,569 | +10.5% |
| Financial debts | 170/4 | €4,339,611 | €4,794,180 | +€454,569 | +10.5% |
| Amounts payable within one year | 42/48 | €747,002 | €1,235,575 | +€488,573 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | €165,432 | €227,613 | +€62,181 | +37.6% |
| Trade debts | 44 | €56,899 | €46,895 | -€10,003 | -17.6% |
| Suppliers | 440/4 | €56,899 | €46,895 | -€10,003 | -17.6% |
| Taxes, remuneration and social security | 45 | €42,516 | €60,725 | +€18,208 | +42.8% |
| Taxes | 450/3 | €39,192 | €57,112 | +€17,920 | +45.7% |
| Remuneration and social security | 454/9 | €3,324 | €3,613 | +€289 | +8.7% |
| Other amounts payable | 47/48 | €482,154 | €900,342 | +€418,188 | +86.7% |
| Accrued charges and deferred income | 492/3 | €11,517 | €17,802 | +€6,285 | +54.6% |
| Non-recurring operating income | 76A | - | €966 | +€966 | |
| Remuneration, social security and pensions | 62 | - | €25,218 | +€25,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,994 | €679,185 | +€478,191 | +237.9% |
| Other operating charges | 640/8 | €8,960 | €16,507 | +€7,547 | +84.2% |
| Gross operating margin | 9900 | €647,022 | €621,534 | -€25,489 | -3.9% |
| Operating profit (loss) | 9901 | €437,069 | -€99,375 | -€536,444 | |
| Financial income | 75/76B | €1,230 | €3,166 | +€1,936 | +157.4% |
| Recurring financial income | 75 | €1,230 | €3,166 | +€1,936 | +157.4% |
| Financial charges | 65/66B | €40,522 | €49,984 | +€9,461 | +23.3% |
| Recurring financial charges | 65 | €40,522 | €49,984 | +€9,461 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €397,776 | -€146,193 | -€543,969 | |
| Income taxes | 67/77 | €116 | €161 | +€45 | +38.6% |
| Profit (loss) for the period | 9904 | €397,660 | -€146,354 | -€544,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €397,660 | -€146,354 | -€544,014 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.