UNIGROW: 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.
UNIGROW
Largest movements
- Receivables within one year -€1.8m
down €1.8m (-49.7%), from €3.6m to €1.8m
of which Other amounts receivable: -€992,147
- Receivables after one year +€1.0m
new in 2025: €1.0m
- Intangible fixed assets +€65,207
up €65,207 (+403%), from €16,175 to €81,383
- Trade debts -€774,138
down €774,138 (-29.9%), from €2.6m to €1.8m
- Staff costs +€63,259
up €63,259 (+22.0%), from €288,076 to €351,334
- Gross operating margin -€34,588
down €34,588 (-8.2%), from €423,126 to €388,537
- Taxes -€23,371
down €23,371 (-73.2%), from €31,936 to €8,565
- Financial charges -€21,055
down €21,055 (-39.9%), from €52,781 to €31,726
- Financial income -€13,947
down €13,947 (-23.8%), from €58,667 to €44,719
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 | €4,175,972 | €3,402,576 | -€773,396 | -18.5% |
| Fixed assets | 21/28 | €73,010 | €131,107 | +€58,097 | +79.6% |
| Intangible fixed assets | 21 | €16,175 | €81,383 | +€65,207 | +403% |
| Tangible fixed assets | 22/27 | €56,834 | €49,724 | -€7,110 | -12.5% |
| Land and buildings | 22 | €47,400 | €47,400 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,000 | €1,500 | -€4,500 | -75.0% |
| Furniture and vehicles | 24 | €3,434 | €824 | -€2,610 | -76.0% |
| Current assets | 29/58 | €4,102,962 | €3,271,469 | -€831,493 | -20.3% |
| Amounts receivable after more than one year | 29 | - | €1,000,000 | +€1.0m | |
| Other amounts receivable | 291 | - | €1,000,000 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €3,636,460 | €1,829,768 | -€1.8m | -49.7% |
| Trade receivables | 40 | €2,634,834 | €1,820,289 | -€814,545 | -30.9% |
| Other amounts receivable | 41 | €1,001,626 | €9,479 | -€992,147 | -99.1% |
| Cash at bank and in hand | 54/58 | €140,479 | €115,325 | -€25,154 | -17.9% |
| Deferred charges and accrued income | 490/1 | €326,023 | €326,376 | +€353 | +0.1% |
| Total equity and liabilities | 10/49 | €4,175,972 | €3,402,576 | -€773,396 | -18.5% |
| Equity | 10/15 | €1,503,843 | €1,515,445 | +€11,602 | +0.8% |
| Contributions | 10/11 | €26,807 | €26,807 | = | 0.0% |
| Reserves | 13 | €1,477,036 | €1,488,638 | +€11,602 | +0.8% |
| Non-distributable reserves | 130/1 | €3,365 | €3,365 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,365 | €3,365 | = | 0.0% |
| Distributable reserves | 133 | €1,473,671 | €1,485,273 | +€11,602 | +0.8% |
| Amounts payable | 17/49 | €2,672,129 | €1,887,131 | -€784,997 | -29.4% |
| Amounts payable within one year | 42/48 | €2,670,699 | €1,887,131 | -€783,568 | -29.3% |
| Trade debts | 44 | €2,592,537 | €1,818,399 | -€774,138 | -29.9% |
| Suppliers | 440/4 | €2,592,537 | €1,818,399 | -€774,138 | -29.9% |
| Taxes, remuneration and social security | 45 | €78,162 | €68,733 | -€9,430 | -12.1% |
| Taxes | 450/3 | €44,135 | €28,001 | -€16,133 | -36.6% |
| Remuneration and social security | 454/9 | €34,028 | €40,731 | +€6,703 | +19.7% |
| Accrued charges and deferred income | 492/3 | €1,429 | - | -€1,429 | |
| Remuneration, social security and pensions | 62 | €288,076 | €351,334 | +€63,259 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,649 | €28,903 | +€2,254 | +8.5% |
| Other operating charges | 640/8 | €3,631 | €1,126 | -€2,505 | -69.0% |
| Gross operating margin | 9900 | €423,126 | €388,537 | -€34,588 | -8.2% |
| Operating profit (loss) | 9901 | €104,769 | €7,174 | -€97,596 | -93.2% |
| Financial income | 75/76B | €58,667 | €44,719 | -€13,947 | -23.8% |
| Recurring financial income | 75 | €58,667 | €44,719 | -€13,947 | -23.8% |
| Financial charges | 65/66B | €52,781 | €31,726 | -€21,055 | -39.9% |
| Recurring financial charges | 65 | €52,781 | €31,726 | -€21,055 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €110,655 | €20,167 | -€90,488 | -81.8% |
| Income taxes | 67/77 | €31,936 | €8,565 | -€23,371 | -73.2% |
| Profit (loss) for the period | 9904 | €78,719 | €11,602 | -€67,117 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,719 | €11,602 | -€67,117 | -85.3% |
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 27 October 2026 via checked.be.