Unifiber: 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.
Unifiber
Largest movements
- Tangible fixed assets +€152.1m
up €152.1m (+43.1%), from €353.0m to €505.1m
of which Land and buildings: +€189.0m
- Receivables after one year +€36.1m
up €36.1m (+880%), from €4.1m to €40.2m
- Receivables within one year +€27.4m
up €27.4m (+469%), from €5.8m to €33.2m
of which Trade receivables: +€27.0m
- Cash -€17.2m
down €17.2m (-84.9%), from €20.2m to €3.1m
mainly Investment in fixed assets (net) (-€157.1m) and Receivables after one year (-€36.1m)
- Debts after one year +€176.9m
up €176.9m (+57.4%), from €308.3m to €485.2m
of which Financial debts: +€98.0m
- Contributions +€29.9m
up €29.9m (+37.5%), from €79.9m to €109.9m
- Profit (loss) carried forward -€28.4m
down €28.4m (-67.4%), from -€42.1m to -€70.5m
- Trade debts +€20.6m
up €20.6m (+54.6%), from €37.7m to €58.3m
- Financial charges +€4.6m
up €4.6m (+27.2%), from €16.8m to €21.4m
of which Financial charges: +€4.6m
- Financial income -€3.0m
down €3.0m (-98.5%), from €3.1m to €47,515
- Depreciation +€2.7m
up €2.7m (+290%), from €941,456 to €3.7m
- Gross operating margin +€661,046
up €661,046 (+18.7%), from -€3.5m to -€2.9m
- Staff costs -€178,919
down €178,919 (-27.1%), from €659,531 to €480,612
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 | €386,495,069 | €588,824,700 | +€202.3m | +52.3% |
| Formation expenses | 20 | €2,930,589 | €1,628,105 | -€1.3m | -44.4% |
| Fixed assets | 21/28 | €353,191,439 | €507,917,666 | +€154.7m | +43.8% |
| Intangible fixed assets | 21 | €24,399 | €2,692,385 | +€2.7m | +10,935% |
| Tangible fixed assets | 22/27 | €353,010,905 | €505,069,146 | +€152.1m | +43.1% |
| Land and buildings | 22 | €30,959,196 | €219,972,337 | +€189.0m | +611% |
| Furniture and vehicles | 24 | €40,742 | €33,468 | -€7,275 | -17.9% |
| Other tangible fixed assets | 26 | €57,255 | €47,297 | -€9,957 | -17.4% |
| Assets under construction and advance payments | 27 | €321,953,712 | €285,016,044 | -€36.9m | -11.5% |
| Financial fixed assets | 28 | €156,135 | €156,135 | = | 0.0% |
| Current assets | 29/58 | €30,373,041 | €79,278,929 | +€48.9m | +161% |
| Amounts receivable after more than one year | 29 | €4,105,735 | €40,237,026 | +€36.1m | +880% |
| Trade receivables | 290 | €4,105,735 | €40,237,026 | +€36.1m | +880% |
| Amounts receivable within one year | 40/41 | €5,836,224 | €33,200,939 | +€27.4m | +469% |
| Trade receivables | 40 | €5,782,086 | €32,793,499 | +€27.0m | +467% |
| Other amounts receivable | 41 | €54,138 | €407,440 | +€353,301 | +653% |
| Cash at bank and in hand | 54/58 | €20,247,118 | €3,057,884 | -€17.2m | -84.9% |
| Deferred charges and accrued income | 490/1 | €183,963 | €2,783,081 | +€2.6m | +1,413% |
| Total equity and liabilities | 10/49 | €386,495,069 | €588,824,700 | +€202.3m | +52.3% |
| Equity | 10/15 | €37,826,923 | €39,381,471 | +€1.6m | +4.1% |
| Contributions | 10/11 | €79,949,970 | €109,899,940 | +€29.9m | +37.5% |
| Capital | 10 | €79,949,970 | €109,899,940 | +€29.9m | +37.5% |
| Issued capital | 100 | €79,949,970 | €109,899,940 | +€29.9m | +37.5% |
| Profit (loss) carried forward | 14 | -€42,123,047 | -€70,518,469 | -€28.4m | -67.4% |
| Amounts payable | 17/49 | €348,668,146 | €549,443,229 | +€200.8m | +57.6% |
| Amounts payable after more than one year | 17 | €308,277,670 | €485,167,087 | +€176.9m | +57.4% |
| Financial debts | 170/4 | €292,000,000 | €390,000,000 | +€98.0m | +33.6% |
| Other amounts payable | 178/9 | €16,277,670 | €95,167,087 | +€78.9m | +485% |
| Amounts payable within one year | 42/48 | €38,104,074 | €58,703,825 | +€20.6m | +54.1% |
| Trade debts | 44 | €37,693,702 | €58,257,168 | +€20.6m | +54.6% |
| Suppliers | 440/4 | €37,693,702 | €58,257,168 | +€20.6m | +54.6% |
| Taxes, remuneration and social security | 45 | €410,373 | €446,657 | +€36,285 | +8.8% |
| Taxes | 450/3 | €95,663 | €0 | -€95,663 | -100% |
| Remuneration and social security | 454/9 | €314,710 | €446,657 | +€131,947 | +41.9% |
| Accrued charges and deferred income | 492/3 | €2,286,402 | €5,572,316 | +€3.3m | +144% |
| Remuneration, social security and pensions | 62 | €659,531 | €480,612 | -€178,919 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €941,456 | €3,673,756 | +€2.7m | +290% |
| Other operating charges | 640/8 | €18,076 | €19,724 | +€1,648 | +9.1% |
| Gross operating margin | 9900 | -€3,539,071 | -€2,878,025 | +€661,046 | +18.7% |
| Operating profit (loss) | 9901 | -€5,158,133 | -€7,052,117 | -€1.9m | -36.7% |
| Financial income | 75/76B | €3,073,099 | €47,515 | -€3.0m | -98.5% |
| Recurring financial income | 75 | €3,073,099 | €47,515 | -€3.0m | -98.5% |
| Financial charges | 65/66B | €16,834,880 | €21,414,897 | +€4.6m | +27.2% |
| Recurring financial charges | 65 | €16,791,541 | €21,414,897 | +€4.6m | +27.5% |
| Non-recurring financial charges | 66B | €43,338 | €0 | -€43,338 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€18,919,913 | -€28,419,498 | -€9.5m | -50.2% |
| Income taxes | 67/77 | €26,030 | -€24,077 | -€50,107 | |
| Profit (loss) for the period | 9904 | -€18,945,944 | -€28,395,422 | -€9.4m | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,945,944 | -€28,395,422 | -€9.4m | -49.9% |
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.