UNDRSIEGE: 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.
UNDRSIEGE
Largest movements
- Receivables within one year -€1,746
down €1,746 (-66.2%), from €2,638 to €892
of which Trade receivables: -€1,945
- Cash -€895
down €895 (-67.1%), from €1,333 to €438
mainly Net result for the year (-€10,491) and Trade debts (-€1,189)
- Tangible fixed assets -€491
down €491 (-23.3%), from €2,113 to €1,621
- Profit (loss) carried forward -€10,491
down €10,491, from €493 to -€9,998
- Other debts +€8,714
up €8,714 (+241%), from €3,618 to €12,331
- Trade debts -€1,189
no longer reported in 2025 (was €1,189)
- Tax, wage and social debts -€123
no longer reported in 2025 (was €123)
- Gross operating margin -€7,364
down €7,364 (-360%), from -€2,047 to -€9,411
- Depreciation +€148
up €148 (+43.0%), from €344 to €491
- Financial income -€142
down €142 (-95.9%), from €148 to €6
- Financial charges -€101
down €101 (-49.3%), from €205 to €104
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 | €6,083 | €2,993 | -€3,090 | -50.8% |
| Fixed assets | 21/28 | €2,113 | €1,621 | -€491 | -23.3% |
| Tangible fixed assets | 22/27 | €2,113 | €1,621 | -€491 | -23.3% |
| Plant, machinery and equipment | 23 | €2,113 | €1,621 | -€491 | -23.3% |
| Current assets | 29/58 | €3,970 | €1,372 | -€2,599 | -65.5% |
| Amounts receivable within one year | 40/41 | €2,638 | €892 | -€1,746 | -66.2% |
| Trade receivables | 40 | €2,452 | €508 | -€1,945 | -79.3% |
| Other amounts receivable | 41 | €186 | €384 | +€198 | +107% |
| Cash at bank and in hand | 54/58 | €1,333 | €438 | -€895 | -67.1% |
| Deferred charges and accrued income | 490/1 | - | €42 | +€42 | |
| Total equity and liabilities | 10/49 | €6,083 | €2,993 | -€3,090 | -50.8% |
| Equity | 10/15 | €1,153 | -€9,338 | -€10,491 | |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €60 | €60 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60 | €60 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | €493 | -€9,998 | -€10,491 | |
| Amounts payable | 17/49 | €4,930 | €12,331 | +€7,401 | +150% |
| Amounts payable within one year | 42/48 | €4,930 | €12,331 | +€7,401 | +150% |
| Trade debts | 44 | €1,189 | - | -€1,189 | |
| Suppliers | 440/4 | €1,189 | - | -€1,189 | |
| Taxes, remuneration and social security | 45 | €123 | - | -€123 | |
| Taxes | 450/3 | €123 | - | -€123 | |
| Other amounts payable | 47/48 | €3,618 | €12,331 | +€8,714 | +241% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344 | €491 | +€148 | +43.0% |
| Other operating charges | 640/8 | €449 | €490 | +€41 | +9.0% |
| Gross operating margin | 9900 | -€2,047 | -€9,411 | -€7,364 | -360% |
| Operating profit (loss) | 9901 | -€2,840 | -€10,393 | -€7,553 | -266% |
| Financial income | 75/76B | €148 | €6 | -€142 | -95.9% |
| Recurring financial income | 75 | €148 | €6 | -€142 | -95.9% |
| Financial charges | 65/66B | €205 | €104 | -€101 | -49.3% |
| Recurring financial charges | 65 | €205 | €104 | -€101 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,898 | -€10,491 | -€7,593 | -262% |
| Profit (loss) for the period | 9904 | -€2,898 | -€10,491 | -€7,593 | -262% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,898 | -€10,491 | -€7,593 | -262% |
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 18 October 2026 via checked.be.