UNDIFY: 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.
UNDIFY
Largest movements
- Receivables within one year +€28,184
up €28,184 (+122%), from €23,138 to €51,322
- Reserves +€28,777
up €28,777 (+32.4%), from €88,754 to €117,531
of which Distributable reserves: +€28,777
- Tax, wage and social debts -€12,185
down €12,185 (-54.5%), from €22,374 to €10,188
- Other debts +€11,123
up €11,123 (+7.7%), from €145,360 to €156,483
- Current portion of long-term debt +€4,047
new in 2025: €4,047
- Gross operating margin +€5,346
up €5,346 (+13.4%), from €39,769 to €45,115
- Other operating charges -€2,135
down €2,135 (-82.6%), from €2,586 to €451
- Taxes +€1,067
up €1,067 (+8.5%), from €12,533 to €13,600
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 | €349,677 | €383,457 | +€33,780 | +9.7% |
| Fixed assets | 21/28 | €325,453 | €328,820 | +€3,366 | +1.0% |
| Tangible fixed assets | 22/27 | €3,437 | €6,804 | +€3,366 | +97.9% |
| Plant, machinery and equipment | 23 | €1,152 | €830 | -€322 | -28.0% |
| Furniture and vehicles | 24 | €2,285 | €1,062 | -€1,223 | -53.5% |
| Other tangible fixed assets | 26 | - | €4,912 | +€4,912 | |
| Financial fixed assets | 28 | €322,016 | €322,016 | = | 0.0% |
| Current assets | 29/58 | €24,223 | €54,637 | +€30,414 | +126% |
| Amounts receivable within one year | 40/41 | €23,138 | €51,322 | +€28,184 | +122% |
| Trade receivables | 40 | €23,138 | €51,322 | +€28,184 | +122% |
| Cash at bank and in hand | 54/58 | €1,085 | €3,315 | +€2,230 | +206% |
| Total equity and liabilities | 10/49 | €349,677 | €383,457 | +€33,780 | +9.7% |
| Equity | 10/15 | €134,675 | €163,453 | +€28,777 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,754 | €117,531 | +€28,777 | +32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €86,894 | €115,671 | +€28,777 | +33.1% |
| Profit (loss) carried forward | 14 | €27,321 | €27,321 | = | 0.0% |
| Amounts payable | 17/49 | €215,001 | €220,004 | +€5,003 | +2.3% |
| Amounts payable after more than one year | 17 | €42,323 | €42,323 | = | 0.0% |
| Financial debts | 170/4 | €42,323 | €42,323 | = | 0.0% |
| Amounts payable within one year | 42/48 | €172,259 | €177,257 | +€4,998 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,047 | +€4,047 | |
| Financial debts | 43 | €1,314 | €62 | -€1,252 | -95.3% |
| Credit institutions | 430/8 | €1,314 | €62 | -€1,252 | -95.3% |
| Trade debts | 44 | €3,211 | €6,477 | +€3,265 | +102% |
| Suppliers | 440/4 | €3,211 | €6,477 | +€3,265 | +102% |
| Taxes, remuneration and social security | 45 | €22,374 | €10,188 | -€12,185 | -54.5% |
| Taxes | 450/3 | €22,374 | €10,188 | -€12,185 | -54.5% |
| Other amounts payable | 47/48 | €145,360 | €156,483 | +€11,123 | +7.7% |
| Accrued charges and deferred income | 492/3 | €420 | €424 | +€5 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,684 | €1,784 | +€100 | +5.9% |
| Other operating charges | 640/8 | €2,586 | €451 | -€2,135 | -82.6% |
| Gross operating margin | 9900 | €39,769 | €45,115 | +€5,346 | +13.4% |
| Operating profit (loss) | 9901 | €35,499 | €42,880 | +€7,381 | +20.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €136 | €502 | +€366 | +269% |
| Recurring financial charges | 65 | €136 | €502 | +€366 | +269% |
| Profit (loss) for the period before taxes | 9903 | €35,364 | €42,378 | +€7,014 | +19.8% |
| Income taxes | 67/77 | €12,533 | €13,600 | +€1,067 | +8.5% |
| Profit (loss) for the period | 9904 | €22,831 | €28,777 | +€5,947 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,831 | €28,777 | +€5,947 | +26.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.