UNIMAR: 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
UNIMAR
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€314,464
2024 · €46,803+€267,661
Equity
€7.1m
2024 · €6.8m+€314,464
Cash
€177,745
2024 · €259,225-€81,480
Balance sheet total
€7.3m
2024 · €8.3m-€1.0m
Largest movements
Assets
- Current investments -€983,997
down €983,997 (-74.8%), from €1.3m to €331,846
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-95.7%), from €1.4m to €58,925
- Profit (loss) carried forward +€314,464
up €314,464 (+5.6%), from €5.6m to €5.9m
Income statement
- Financial income +€266,931
up €266,931 (+356%), from €74,934 to €341,865
- Staff costs -€62,306
down €62,306 (-26.4%), from €235,895 to €173,589
- Gross operating margin -€58,226
down €58,226 (-23.6%), from €246,496 to €188,269
- Depreciation +€4,563
up €4,563 (+22.0%), from €20,742 to €25,305
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
€46,803
Gross operating margin
-€58,226
Staff costs
+€62,306
Depreciation
-€4,563
Other operating charges
-€892
Financial income
+€266,931
Financial charges
+€1,558
Taxes
+€548
Result 2025
€314,464
raises the resultlowers the result
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
-€1.0m
Investment
+€981,931
Financing
-€22,314
Cash 2024
€259,225
From operations (derived)
-€1.0m
Net result for the year
+€314,464
Depreciation
+€25,305
Receivables within one year
-€32,605
Deferred charges and accrued income
-€44,733
Trade debts
+€15,086
Tax, wage and social debts
-€14,202
Other debts
-€1.3m
Accrued charges and deferred income
+€968
Investment (derived)
+€981,931
Investment in fixed assets (net)
-€2,066
Current investments
+€983,997
Financing
-€22,314
Current portion of long-term debt
-€22,314
Cash 2025
€177,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,278,745 | €7,267,368 | -€1.0m | -12.2% |
| Fixed assets | 21/28 | €4,879,339 | €4,856,100 | -€23,239 | -0.5% |
| Tangible fixed assets | 22/27 | €77,859 | €54,621 | -€23,239 | -29.8% |
| Furniture and vehicles | 24 | €77,859 | €54,621 | -€23,239 | -29.8% |
| Financial fixed assets | 28 | €4,801,479 | €4,801,479 | = | 0.0% |
| Current assets | 29/58 | €3,399,406 | €2,411,268 | -€988,138 | -29.1% |
| Amounts receivable after more than one year | 29 | €1,750,000 | €1,750,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,750,000 | €1,750,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,875 | €82,480 | +€32,605 | +65.4% |
| Trade receivables | 40 | €39,545 | €47,664 | +€8,119 | +20.5% |
| Other amounts receivable | 41 | €10,330 | €34,816 | +€24,486 | +237% |
| Current investments | 50/53 | €1,315,843 | €331,846 | -€983,997 | -74.8% |
| Cash at bank and in hand | 54/58 | €259,225 | €177,745 | -€81,480 | -31.4% |
| Deferred charges and accrued income | 490/1 | €24,463 | €69,196 | +€44,733 | +183% |
| Total equity and liabilities | 10/49 | €8,278,745 | €7,267,368 | -€1.0m | -12.2% |
| Equity | 10/15 | €6,835,289 | €7,149,753 | +€314,464 | +4.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,203,390 | €1,203,390 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,052 | €11,052 | = | 0.0% |
| Distributable reserves | 133 | €1,192,338 | €1,192,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,570,398 | €5,884,862 | +€314,464 | +5.6% |
| Amounts payable | 17/49 | €1,443,456 | €117,615 | -€1.3m | -91.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,443,456 | €116,648 | -€1.3m | -91.9% |
| Current portion of amounts payable after more than one year | 42 | €22,314 | €0 | -€22,314 | -100% |
| Trade debts | 44 | €2,482 | €17,568 | +€15,086 | +608% |
| Suppliers | 440/4 | €2,482 | €17,568 | +€15,086 | +608% |
| Taxes, remuneration and social security | 45 | €54,356 | €40,154 | -€14,202 | -26.1% |
| Taxes | 450/3 | €5,948 | €5,018 | -€930 | -15.6% |
| Remuneration and social security | 454/9 | €48,409 | €35,137 | -€13,272 | -27.4% |
| Other amounts payable | 47/48 | €1,364,303 | €58,925 | -€1.3m | -95.7% |
| Accrued charges and deferred income | 492/3 | - | €968 | +€968 | |
| Non-recurring operating income | 76A | - | €8,113 | +€8,113 | |
| Remuneration, social security and pensions | 62 | €235,895 | €173,589 | -€62,306 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,742 | €25,305 | +€4,563 | +22.0% |
| Other operating charges | 640/8 | €2,888 | €3,780 | +€892 | +30.9% |
| Gross operating margin | 9900 | €246,496 | €188,269 | -€58,226 | -23.6% |
| Operating profit (loss) | 9901 | -€13,030 | -€14,405 | -€1,376 | -10.6% |
| Financial income | 75/76B | €74,934 | €341,865 | +€266,931 | +356% |
| Recurring financial income | 75 | €74,934 | €341,865 | +€266,931 | +356% |
| Financial charges | 65/66B | €14,414 | €12,856 | -€1,558 | -10.8% |
| Recurring financial charges | 65 | €14,414 | €12,856 | -€1,558 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €47,490 | €314,603 | +€267,113 | +562% |
| Income taxes | 67/77 | €688 | €139 | -€548 | -79.8% |
| Profit (loss) for the period | 9904 | €46,803 | €314,464 | +€267,661 | +572% |
| Profit (loss) for the period to be appropriated | 9905 | €46,803 | €314,464 | +€267,661 | +572% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.