UNIT-T: 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
UNIT-T
NACE 33.200, Installation of industrial machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11.4m
2024 · €5.0m+€6.5m
Equity
€43.0m
2024 · €31.6m+€11.4m
Cash
€22.1m
2024 · €31.4m-€9.4m
Balance sheet total
€94.5m
2024 · €105.7m-€11.3m
Largest movements
Assets
- Cash -€9.4m
down €9.4m (-29.9%), from €31.4m to €22.1m
mainly Trade debts (-€13.3m) and Other debts (-€10.1m)
- Financial fixed assets -€6.9m
down €6.9m (-32.0%), from €21.4m to €14.5m
of which Affiliated companies: -€6.9m
- Receivables within one year +€6.1m
up €6.1m (+13.6%), from €45.0m to €51.1m
of which Other amounts receivable: +€11.8m
- Deferred charges and accrued income -€1.6m
down €1.6m (-78.0%), from €2.1m to €451,070
- Tangible fixed assets -€1.5m
down €1.5m (-54.3%), from €2.8m to €1.3m
of which Plant, machinery and equipment: -€1.4m
Equity and liabilities
- Trade debts -€13.3m
down €13.3m (-32.1%), from €41.3m to €28.0m
- Profit (loss) carried forward +€10.4m
up €10.4m (+83.4%), from €12.5m to €22.9m
- Other debts -€10.1m
down €10.1m (-37.0%), from €27.4m to €17.2m
- Short-term financial debts -€1.3m
down €1.3m (-76.8%), from €1.8m to €407,000
- Provisions +€1.2m
new in 2025: €1.2m
Income statement
- Goods and materials +€21.5m
up €21.5m (+33.3%), from €64.5m to €86.0m
of which Purchases: +€23.1m
- Services and other goods -€20.6m
down €20.6m (-19.8%), from €103.7m to €83.2m
- Turnover +€12.7m
up €12.7m (+7.3%), from €172.7m to €185.4m
- Financial charges +€6.8m
up €6.8m (+556%), from €1.2m to €8.0m
of which Non-recurring financial charges: +€6.7m
- Financial income +€6.0m
up €6.0m (+733%), from €819,032 to €6.8m
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
€5.0m
Turnover
+€12.7m
Other operating income
-€573,443
Goods and materials
-€21.5m
Services and other goods
+€20.6m
Staff costs
-€720,808
Depreciation
-€81,198
Write-downs
-€336,096
Provisions
-€1.2m
Other operating charges
-€24,414
Other operating items
+€1.1m
Financial income
+€6.0m
Financial charges
-€6.8m
Taxes
-€2.6m
Result 2025
€11.4m
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
-€13.7m
Investment
+€5.7m
Financing
-€1.3m
Cash 2024
€31.4m
From operations (derived)
-€13.7m
Net result for the year
+€11.4m
Depreciation
+€2.0m
Stocks and contracts
-€1.3m
Receivables within one year
-€6.1m
Deferred charges and accrued income
+€1.6m
Provisions
+€1.2m
Trade debts
-€13.3m
Tax, wage and social debts
+€811,638
Other debts
-€10.1m
Accrued charges and deferred income
-€42,006
Investment (derived)
+€5.7m
Investment in fixed assets (net)
+€5.7m
Financing
-€1.3m
Short-term financial debts
-€1.3m
Cash 2025
€22.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,748,117 | €94,466,170 | -€11.3m | -10.7% |
| Formation expenses | 20 | - | €729,779 | +€729,779 | |
| Fixed assets | 21/28 | €25,472,992 | €17,002,275 | -€8.5m | -33.3% |
| Intangible fixed assets | 21 | €1,242,652 | €1,164,162 | -€78,490 | -6.3% |
| Tangible fixed assets | 22/27 | €2,830,022 | €1,294,285 | -€1.5m | -54.3% |
| Plant, machinery and equipment | 23 | €2,239,045 | €852,680 | -€1.4m | -61.9% |
| Furniture and vehicles | 24 | €213,607 | €126,137 | -€87,470 | -40.9% |
| Other tangible fixed assets | 26 | €377,370 | €315,468 | -€61,903 | -16.4% |
| Financial fixed assets | 28 | €21,400,317 | €14,543,828 | -€6.9m | -32.0% |
| Affiliated companies | 280/1 | €21,299,363 | €14,441,699 | -€6.9m | -32.2% |
| Participating interests | 280 | €21,299,363 | €14,441,699 | -€6.9m | -32.2% |
| Other financial fixed assets | 284/8 | €100,954 | €102,129 | +€1,175 | +1.2% |
| Amounts receivable and cash guarantees | 285/8 | €100,954 | €102,129 | +€1,175 | +1.2% |
| Current assets | 29/58 | €80,275,125 | €76,734,116 | -€3.5m | -4.4% |
| Stocks and contracts in progress | 3 | €1,781,480 | €3,131,266 | +€1.3m | +75.8% |
| Stocks | 30/36 | €1,781,480 | €3,131,266 | +€1.3m | +75.8% |
| Goods purchased for resale | 34 | €1,781,480 | €3,131,266 | +€1.3m | +75.8% |
| Amounts receivable within one year | 40/41 | €45,000,024 | €51,097,551 | +€6.1m | +13.6% |
| Trade receivables | 40 | €29,021,449 | €23,328,242 | -€5.7m | -19.6% |
| Other amounts receivable | 41 | €15,978,575 | €27,769,309 | +€11.8m | +73.8% |
| Cash at bank and in hand | 54/58 | €31,441,188 | €22,054,229 | -€9.4m | -29.9% |
| Deferred charges and accrued income | 490/1 | €2,052,433 | €451,070 | -€1.6m | -78.0% |
| Total equity and liabilities | 10/49 | €105,748,117 | €94,466,170 | -€11.3m | -10.7% |
| Equity | 10/15 | €31,590,564 | €43,021,717 | +€11.4m | +36.2% |
| Contributions | 10/11 | €4,645,013 | €4,645,013 | = | 0.0% |
| Revaluation surpluses | 12 | €3,881,400 | €3,881,400 | = | 0.0% |
| Reserves | 13 | €10,563,831 | €11,563,828 | +€999,997 | +9.5% |
| Tax-exempt reserves | 132 | €5,262,744 | €4,999,741 | -€263,003 | -5.0% |
| Distributable reserves | 133 | €5,301,087 | €6,564,087 | +€1.3m | +23.8% |
| Profit (loss) carried forward | 14 | €12,500,320 | €22,931,476 | +€10.4m | +83.4% |
| Provisions and deferred taxes | 16 | - | €1,240,338 | +€1.2m | |
| Provisions for liabilities and charges | 160/5 | - | €1,240,338 | +€1.2m | |
| Other liabilities and charges | 164/5 | - | €1,240,338 | +€1.2m | |
| Amounts payable | 17/49 | €74,157,553 | €50,204,115 | -€24.0m | -32.3% |
| Amounts payable within one year | 42/48 | €74,058,683 | €50,147,250 | -€23.9m | -32.3% |
| Financial debts | 43 | €1,754,643 | €407,000 | -€1.3m | -76.8% |
| Credit institutions | 430/8 | €1,754,643 | €407,000 | -€1.3m | -76.8% |
| Trade debts | 44 | €41,264,417 | €28,005,120 | -€13.3m | -32.1% |
| Suppliers | 440/4 | €41,264,417 | €28,005,120 | -€13.3m | -32.1% |
| Taxes, remuneration and social security | 45 | €3,685,509 | €4,497,147 | +€811,638 | +22.0% |
| Taxes | 450/3 | €1,879,755 | €3,106,925 | +€1.2m | +65.3% |
| Remuneration and social security | 454/9 | €1,805,753 | €1,390,222 | -€415,532 | -23.0% |
| Other amounts payable | 47/48 | €27,354,114 | €17,237,983 | -€10.1m | -37.0% |
| Accrued charges and deferred income | 492/3 | €98,871 | €56,864 | -€42,006 | -42.5% |
| Operating income | 70/76A | €184,211,279 | €196,306,088 | +€12.1m | +6.6% |
| Turnover | 70 | €172,746,107 | €185,406,695 | +€12.7m | +7.3% |
| Other operating income | 74 | €11,465,172 | €10,891,729 | -€573,443 | -5.0% |
| Non-recurring operating income | 76A | - | €7,665 | +€7,665 | |
| Operating charges | 60/66A | €177,182,406 | €179,399,041 | +€2.2m | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €64,492,897 | €85,960,105 | +€21.5m | +33.3% |
| Purchases | 600/8 | €64,477,352 | €87,584,949 | +€23.1m | +35.8% |
| Change in stocks: decrease (increase) | 609 | €15,545 | -€1,624,843 | -€1.6m | |
| Services and other goods | 61 | €103,734,151 | €83,176,693 | -€20.6m | -19.8% |
| Remuneration, social security and pensions | 62 | €6,084,475 | €6,805,284 | +€720,808 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,954,579 | €2,035,777 | +€81,198 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,715 | €341,811 | +€336,096 | +5,881% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,240,338 | +€1.2m | |
| Other operating charges | 640/8 | €264,175 | €288,590 | +€24,414 | +9.2% |
| Operating charges capitalised as restructuring costs | 649 | - | -€588,228 | -€588,228 | |
| Non-recurring operating charges | 66A | €646,414 | €138,672 | -€507,742 | -78.5% |
| Operating profit (loss) | 9901 | €7,028,872 | €16,907,047 | +€9.9m | +141% |
| Financial income | 75/76B | €819,032 | €6,824,947 | +€6.0m | +733% |
| Recurring financial income | 75 | €819,032 | €6,824,947 | +€6.0m | +733% |
| Income from financial fixed assets | 750 | - | €6,190,000 | +€6.2m | |
| Income from current assets | 751 | €818,846 | €634,873 | -€183,973 | -22.5% |
| Other financial income | 752/9 | €186 | €74 | -€112 | -60.2% |
| Financial charges | 65/66B | €1,221,855 | €8,018,471 | +€6.8m | +556% |
| Recurring financial charges | 65 | €1,221,855 | €1,302,358 | +€80,503 | +6.6% |
| Debt charges | 650 | €1,047,362 | €1,121,151 | +€73,789 | +7.0% |
| Other financial charges | 652/9 | €174,493 | €181,207 | +€6,714 | +3.8% |
| Non-recurring financial charges | 66B | - | €6,716,113 | +€6.7m | |
| Profit (loss) for the period before taxes | 9903 | €6,626,049 | €15,713,523 | +€9.1m | +137% |
| Income taxes | 67/77 | €1,653,219 | €4,282,369 | +€2.6m | +159% |
| Taxes | 670/3 | €1,741,405 | €4,313,316 | +€2.6m | +148% |
| Tax adjustments and reversals of tax provisions | 77 | €88,186 | €30,947 | -€57,239 | -64.9% |
| Profit (loss) for the period | 9904 | €4,972,830 | €11,431,154 | +€6.5m | +130% |
| Transfer from tax-exempt reserves | 789 | €421,000 | €1,263,000 | +€842,000 | +200% |
| Transfer to tax-exempt reserves | 689 | €999,997 | €999,997 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,393,833 | €11,694,157 | +€7.3m | +166% |
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 28 October 2026 via checked.be.