UNICORN: 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.
UNICORN
Largest movements
- Cash +€439,854
up €439,854 (+16.1%), from €2.7m to €3.2m
mainly Net result for the year (+€1.7m) and Receivables within one year (+€217,320)
- Receivables within one year -€217,320
down €217,320 (-11.8%), from €1.8m to €1.6m
of which Trade receivables: -€383,567
- Financial fixed assets +€200,000
up €200,000 (+2681.7%), from €7,458 to €207,458
- Reserves +€162,774
up €162,774 (+7.5%), from €2.2m to €2.3m
of which Distributable reserves: +€162,774
- Other debts -€132,681
down €132,681 (-8.2%), from €1.6m to €1.5m
- Accrued charges and deferred income +€129,967
up €129,967 (+107.1%), from €121,375 to €251,342
- Tax, wage and social debts +€120,399
up €120,399 (+47.0%), from €256,227 to €376,626
of which Taxes: +€105,342
- Debts after one year +€60,000
new in 2025: €60,000
- Gross operating margin -€475,543
down €475,543 (-14.2%), from €3.4m to €2.9m
- Taxes -€77,746
down €77,746 (-27.2%), from €285,830 to €208,084
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 | €4,783,747 | €5,168,322 | +€384,575 | +8.0% |
| Fixed assets | 21/28 | €126,553 | €284,200 | +€157,647 | +124.6% |
| Tangible fixed assets | 22/27 | €119,095 | €76,742 | -€42,353 | -35.6% |
| Furniture and vehicles | 24 | €39,311 | €20,879 | -€18,432 | -46.9% |
| Other tangible fixed assets | 26 | €79,784 | €55,863 | -€23,921 | -30.0% |
| Financial fixed assets | 28 | €7,458 | €207,458 | +€200,000 | +2681.7% |
| Current assets | 29/58 | €4,657,194 | €4,884,122 | +€226,928 | +4.9% |
| Amounts receivable within one year | 40/41 | €1,847,351 | €1,630,032 | -€217,320 | -11.8% |
| Trade receivables | 40 | €1,827,043 | €1,443,476 | -€383,567 | -21.0% |
| Other amounts receivable | 41 | €20,308 | €186,556 | +€166,248 | +818.6% |
| Current investments | 50/53 | €63,200 | €63,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,739,889 | €3,179,743 | +€439,854 | +16.1% |
| Deferred charges and accrued income | 490/1 | €6,754 | €11,148 | +€4,394 | +65.1% |
| Total equity and liabilities | 10/49 | €4,783,747 | €5,168,322 | +€384,575 | +8.0% |
| Equity | 10/15 | €2,247,696 | €2,410,469 | +€162,774 | +7.2% |
| Contributions | 10/11 | €77,885 | €77,885 | = | 0.0% |
| Capital | 10 | €77,885 | €77,885 | = | 0.0% |
| Issued capital | 100 | €83,056 | €83,056 | = | 0.0% |
| Uncalled capital | 101 | €5,170 | €5,170 | = | 0.0% |
| Reserves | 13 | €2,169,810 | €2,332,584 | +€162,774 | +7.5% |
| Non-distributable reserves | 130/1 | €71,506 | €71,506 | = | 0.0% |
| Legal reserve | 130 | €8,306 | €8,306 | = | 0.0% |
| Own shares acquired | 1312 | €63,200 | €63,200 | = | 0.0% |
| Distributable reserves | 133 | €2,098,305 | €2,261,078 | +€162,774 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,536,052 | €2,757,853 | +€221,802 | +8.7% |
| Amounts payable after more than one year | 17 | - | €60,000 | +€60,000 | |
| Other amounts payable | 178/9 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €2,414,676 | €2,446,511 | +€31,835 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €540,073 | €544,189 | +€4,116 | +0.8% |
| Suppliers | 440/4 | €540,073 | €544,189 | +€4,116 | +0.8% |
| Taxes, remuneration and social security | 45 | €256,227 | €376,626 | +€120,399 | +47.0% |
| Taxes | 450/3 | €166,405 | €271,747 | +€105,342 | +63.3% |
| Remuneration and social security | 454/9 | €89,822 | €104,879 | +€15,057 | +16.8% |
| Other amounts payable | 47/48 | €1,618,376 | €1,485,695 | -€132,681 | -8.2% |
| Accrued charges and deferred income | 492/3 | €121,375 | €251,342 | +€129,967 | +107.1% |
| Non-recurring operating income | 76A | €39,289 | €0 | -€39,289 | -100.0% |
| Remuneration, social security and pensions | 62 | €940,168 | €939,260 | -€908 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,596 | €50,107 | -€4,489 | -8.2% |
| Other operating charges | 640/8 | €36,687 | €10,437 | -€26,250 | -71.6% |
| Non-recurring operating charges | 66A | €438 | €0 | -€438 | -100.0% |
| Gross operating margin | 9900 | €3,358,151 | €2,882,608 | -€475,543 | -14.2% |
| Operating profit (loss) | 9901 | €2,326,262 | €1,882,803 | -€443,459 | -19.1% |
| Financial income | 75/76B | €19,205 | €6,737 | -€12,468 | -64.9% |
| Recurring financial income | 75 | €19,205 | €6,737 | -€12,468 | -64.9% |
| Financial charges | 65/66B | €1,468 | €2,082 | +€615 | +41.9% |
| Recurring financial charges | 65 | €1,468 | €2,082 | +€615 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €2,343,999 | €1,887,458 | -€456,541 | -19.5% |
| Income taxes | 67/77 | €285,830 | €208,084 | -€77,746 | -27.2% |
| Profit (loss) for the period | 9904 | €2,058,169 | €1,679,374 | -€378,795 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,058,169 | €1,679,374 | -€378,795 | -18.4% |
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 8 October 2026 via checked.be.