UNDINE: 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.
UNDINE
Largest movements
- Cash -€7,340
down €7,340 (-57.0%), from €12,874 to €5,533
mainly Net result for the year (-€6,099) and Tax, wage and social debts (-€885)
- Profit (loss) carried forward -€6,099
down €6,099 (-45.4%), from €13,432 to €7,333
- Tax, wage and social debts -€885
down €885 (-31.9%), from €2,772 to €1,887
of which Taxes: -€1,185
- Trade debts -€452
down €452 (-34.2%), from €1,322 to €869
- Gross operating margin -€9,527
down €9,527, from €3,210 to -€6,317
- Taxes -€1,029
no longer reported in 2025 (was €1,029)
- Financial income +€152
up €152 (+81.3%), from €187 to €339
- Other operating charges -€124
down €124 (-80.4%), from €154 to €30
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 | €19,526 | €12,089 | -€7,436 | -38.1% |
| Current assets | 29/58 | €19,526 | €12,089 | -€7,436 | -38.1% |
| Amounts receivable within one year | 40/41 | €6,652 | €6,556 | -€96 | -1.4% |
| Trade receivables | 40 | €508 | €200 | -€308 | -60.7% |
| Other amounts receivable | 41 | €6,145 | €6,357 | +€212 | +3.4% |
| Cash at bank and in hand | 54/58 | €12,874 | €5,533 | -€7,340 | -57.0% |
| Total equity and liabilities | 10/49 | €19,526 | €12,089 | -€7,436 | -38.1% |
| Equity | 10/15 | €15,432 | €9,333 | -€6,099 | -39.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,432 | €7,333 | -€6,099 | -45.4% |
| Amounts payable | 17/49 | €4,094 | €2,756 | -€1,338 | -32.7% |
| Amounts payable within one year | 42/48 | €4,094 | €2,756 | -€1,338 | -32.7% |
| Trade debts | 44 | €1,322 | €869 | -€452 | -34.2% |
| Suppliers | 440/4 | €1,322 | €869 | -€452 | -34.2% |
| Taxes, remuneration and social security | 45 | €2,772 | €1,887 | -€885 | -31.9% |
| Taxes | 450/3 | €2,772 | €1,587 | -€1,185 | -42.7% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other operating charges | 640/8 | €154 | €30 | -€124 | -80.4% |
| Gross operating margin | 9900 | €3,210 | -€6,317 | -€9,527 | |
| Operating profit (loss) | 9901 | €3,056 | -€6,348 | -€9,403 | |
| Financial income | 75/76B | €187 | €339 | +€152 | +81.3% |
| Recurring financial income | 75 | €187 | €339 | +€152 | +81.3% |
| Financial charges | 65/66B | €84 | €90 | +€6 | +7.1% |
| Recurring financial charges | 65 | €84 | €90 | +€6 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €3,159 | -€6,099 | -€9,257 | |
| Income taxes | 67/77 | €1,029 | - | -€1,029 | |
| Profit (loss) for the period | 9904 | €2,130 | -€6,099 | -€8,229 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,130 | -€6,099 | -€8,229 |
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 2 October 2026 via checked.be.