UNITAL: 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.
UNITAL
Largest movements
- Cash -€33,274
down €33,274 (-16.7%), from €199,217 to €165,944
mainly Investment in fixed assets (net) (-€59,186) and Other debts (-€36,575)
- Other debts -€36,575
down €36,575 (-39.9%), from €91,568 to €54,993
- Gross operating margin -€15,468
down €15,468 (-18.0%), from €85,781 to €70,313
- Depreciation -€2,310
down €2,310 (-3.6%), from €64,908 to €62,599
- Other operating charges -€1,313
down €1,313 (-17.5%), from €7,505 to €6,191
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 | €779,259 | €742,746 | -€36,514 | -4.7% |
| Fixed assets | 21/28 | €580,042 | €576,630 | -€3,412 | -0.6% |
| Tangible fixed assets | 22/27 | €580,042 | €576,630 | -€3,412 | -0.6% |
| Furniture and vehicles | 24 | €1,829 | €1,267 | -€562 | -30.7% |
| Other tangible fixed assets | 26 | €578,213 | €575,363 | -€2,850 | -0.5% |
| Current assets | 29/58 | €199,217 | €166,116 | -€33,101 | -16.6% |
| Cash at bank and in hand | 54/58 | €199,217 | €165,944 | -€33,274 | -16.7% |
| Deferred charges and accrued income | 490/1 | - | €172 | +€172 | |
| Total equity and liabilities | 10/49 | €779,259 | €742,746 | -€36,514 | -4.7% |
| Equity | 10/15 | €684,843 | €686,079 | +€1,236 | +0.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €666,293 | €667,529 | +€1,236 | +0.2% |
| Distributable reserves | 133 | €666,293 | €667,529 | +€1,236 | +0.2% |
| Amounts payable | 17/49 | €94,416 | €56,666 | -€37,749 | -40.0% |
| Amounts payable within one year | 42/48 | €93,695 | €56,600 | -€37,095 | -39.6% |
| Trade debts | 44 | €930 | €465 | -€465 | -50.0% |
| Suppliers | 440/4 | €930 | €465 | -€465 | -50.0% |
| Taxes, remuneration and social security | 45 | €1,198 | €1,143 | -€55 | -4.6% |
| Taxes | 450/3 | €1,198 | €1,143 | -€55 | -4.6% |
| Other amounts payable | 47/48 | €91,568 | €54,993 | -€36,575 | -39.9% |
| Accrued charges and deferred income | 492/3 | €721 | €67 | -€654 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,908 | €62,599 | -€2,310 | -3.6% |
| Other operating charges | 640/8 | €7,505 | €6,191 | -€1,313 | -17.5% |
| Gross operating margin | 9900 | €85,781 | €70,313 | -€15,468 | -18.0% |
| Operating profit (loss) | 9901 | €13,368 | €1,523 | -€11,845 | -88.6% |
| Financial income | 75/76B | €3 | €6 | +€3 | +102% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +102% |
| Financial charges | 65/66B | €257 | €293 | +€35 | +13.6% |
| Recurring financial charges | 65 | €257 | €293 | +€35 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €13,114 | €1,237 | -€11,877 | -90.6% |
| Income taxes | 67/77 | €1 | €1 | +€0 | +11.8% |
| Profit (loss) for the period | 9904 | €13,113 | €1,236 | -€11,877 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,113 | €1,236 | -€11,877 | -90.6% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.