Unibreda: 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.
What changed
Unibreda
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€42.2m
2024 · €33.6m+€8.6m
Equity
€46.9m
2024 · €24.8m+€22.1m
Cash
€195,127
2024 · €1.6m-€1.4m
Balance sheet total
€68.1m
2024 · €50.8m+€17.3m
Largest movements
Assets
- Current investments +€12.8m
new in 2025: €12.8m
- Receivables after one year +€5.0m
new in 2025: €5.0m
- Cash -€1.4m
down €1.4m (-88.0%), from €1.6m to €195,127
mainly Contributions, distributions and other (-€20.1m) and Current investments (-€12.8m)
- Financial fixed assets +€733,253
up €733,253 (+1.9%), from €38.2m to €38.9m
of which Affiliated companies: +€733,253
Equity and liabilities
- Reserves +€22.1m
up €22.1m (+98.5%), from €22.4m to €44.5m
of which Distributable reserves: +€22.1m
- Other debts -€5.8m
down €5.8m (-22.5%), from €25.9m to €20.1m
- Trade debts +€1.0m
up €1.0m (+1,612%), from €64,177 to €1.1m
Income statement
- Financial income +€9.4m
up €9.4m (+28.3%), from €33.4m to €42.8m
of which Non-recurring financial income: +€5.2m
- Services and other goods +€1.2m
up €1.2m (+128%), from €907,853 to €2.1m
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.
Result 2024
€33.6m
Other operating charges
-€2
Other operating items
-€862,446
Financial income
+€9.4m
Financial charges
+€8,353
Taxes
-€3,259
Result 2025
€42.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€32.2m
Investment
-€13.5m
Financing
-€20.1m
Cash 2024
€1.6m
From operations (derived)
+€32.2m
Net result for the year
+€42.2m
Receivables after one year
-€5.0m
Receivables within one year
-€180,003
Smaller working-capital items
+€3,127
Trade debts
+€1.0m
Other debts
-€5.8m
Investment (derived)
-€13.5m
Investment in fixed assets (net)
-€736,003
Current investments
-€12.8m
Financing
-€20.1m
Contributions, distributions and other
-€20.1m
Cash 2025
€195,127
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,823,967 | €68,127,961 | +€17.3m | +34.0% |
| Fixed assets | 21/28 | €38,936,230 | €39,672,233 | +€736,003 | +1.9% |
| Tangible fixed assets | 22/27 | €746,922 | €749,672 | +€2,750 | +0.4% |
| Other tangible fixed assets | 26 | €746,922 | €749,672 | +€2,750 | +0.4% |
| Financial fixed assets | 28 | €38,189,309 | €38,922,562 | +€733,253 | +1.9% |
| Affiliated companies | 280/1 | €37,839,309 | €38,572,562 | +€733,253 | +1.9% |
| Participating interests | 280 | €37,839,309 | €38,572,562 | +€733,253 | +1.9% |
| Companies linked by participating interests | 282/3 | €350,000 | €350,000 | = | 0.0% |
| Participating interests | 282 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable | 283 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €11,887,737 | €28,455,728 | +€16.6m | +139% |
| Amounts receivable after more than one year | 29 | - | €5,000,000 | +€5.0m | |
| Other amounts receivable | 291 | - | €5,000,000 | +€5.0m | |
| Amounts receivable within one year | 40/41 | €10,044,464 | €10,224,466 | +€180,003 | +1.8% |
| Trade receivables | 40 | €36,000 | €119,500 | +€83,500 | +232% |
| Other amounts receivable | 41 | €10,008,464 | €10,104,966 | +€96,503 | +1.0% |
| Current investments | 50/53 | - | €12,813,293 | +€12.8m | |
| Other investments | 51/53 | - | €12,813,293 | +€12.8m | |
| Cash at bank and in hand | 54/58 | €1,625,149 | €195,127 | -€1.4m | -88.0% |
| Deferred charges and accrued income | 490/1 | €218,124 | €222,842 | +€4,718 | +2.2% |
| Total equity and liabilities | 10/49 | €50,823,967 | €68,127,961 | +€17.3m | +34.0% |
| Equity | 10/15 | €24,829,790 | €46,923,597 | +€22.1m | +89.0% |
| Contributions | 10/11 | €2,400,000 | €2,400,000 | = | 0.0% |
| Capital | 10 | €2,400,000 | €2,400,000 | = | 0.0% |
| Issued capital | 100 | €2,400,000 | €2,400,000 | = | 0.0% |
| Reserves | 13 | €22,429,790 | €44,523,597 | +€22.1m | +98.5% |
| Non-distributable reserves | 130/1 | €1,429,889 | €1,429,889 | = | 0.0% |
| Legal reserve | 130 | €240,000 | €240,000 | = | 0.0% |
| Other | 1319 | €1,189,889 | €1,189,889 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,420,414 | €1,420,414 | = | 0.0% |
| Distributable reserves | 133 | €19,579,488 | €41,673,295 | +€22.1m | +113% |
| Amounts payable | 17/49 | €25,994,177 | €21,204,364 | -€4.8m | -18.4% |
| Amounts payable within one year | 42/48 | €25,994,177 | €21,204,364 | -€4.8m | -18.4% |
| Trade debts | 44 | €64,177 | €1,098,518 | +€1.0m | +1,612% |
| Suppliers | 440/4 | €64,177 | €1,098,518 | +€1.0m | +1,612% |
| Taxes, remuneration and social security | 45 | €10,000 | €17,845 | +€7,845 | +78.5% |
| Taxes | 450/3 | €10,000 | €17,845 | +€7,845 | +78.5% |
| Other amounts payable | 47/48 | €25,920,000 | €20,088,000 | -€5.8m | -22.5% |
| Operating income | 70/76A | €1,156,293 | €1,456,643 | +€300,350 | +26.0% |
| Other operating income | 74 | €1,156,293 | €1,456,643 | +€300,350 | +26.0% |
| Operating charges | 60/66A | €908,335 | €2,071,133 | +€1.2m | +128% |
| Services and other goods | 61 | €907,853 | €2,070,649 | +€1.2m | +128% |
| Other operating charges | 640/8 | €483 | €485 | +€2 | +0.4% |
| Operating profit (loss) | 9901 | €247,958 | -€614,490 | -€862,448 | |
| Financial income | 75/76B | €33,374,053 | €42,803,947 | +€9.4m | +28.3% |
| Recurring financial income | 75 | €32,251,288 | €36,445,851 | +€4.2m | +13.0% |
| Income from financial fixed assets | 750 | €32,033,600 | €36,150,207 | +€4.1m | +12.9% |
| Income from current assets | 751 | €217,688 | €295,644 | +€77,956 | +35.8% |
| Non-recurring financial income | 76B | €1,122,766 | €6,358,096 | +€5.2m | +466% |
| Financial charges | 65/66B | €11,002 | €2,650 | -€8,353 | -75.9% |
| Recurring financial charges | 65 | €11,002 | €2,650 | -€8,353 | -75.9% |
| Debt charges | 650 | €11,002 | €2,650 | -€8,353 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €33,611,009 | €42,186,807 | +€8.6m | +25.5% |
| Income taxes | 67/77 | €1,741 | €5,000 | +€3,259 | +187% |
| Taxes | 670/3 | €1,741 | €5,000 | +€3,259 | +187% |
| Profit (loss) for the period | 9904 | €33,609,267 | €42,181,807 | +€8.6m | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,609,267 | €42,181,807 | +€8.6m | +25.5% |
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 17 October 2026 via checked.be.