UNIVEL: 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.
UNIVEL
Largest movements
- Tangible fixed assets -€390,290
down €390,290 (-5.7%), from €6.8m to €6.4m
of which Plant, machinery and equipment: -€257,755
- Receivables within one year +€181,066
up €181,066 (+12.9%), from €1.4m to €1.6m
of which Other amounts receivable: +€247,458
- Reserves -€338,531
down €338,531 (-10.6%), from €3.2m to €2.8m
of which Tax-exempt reserves: -€338,531
- Debts after one year -€153,251
down €153,251 (-3.5%), from €4.4m to €4.3m
of which Financial debts: -€170,232
- Profit (loss) carried forward +€139,351
up €139,351 (+29.7%), from €469,717 to €609,068
- Other debts +€130,874
up €130,874 (+35.8%), from €366,056 to €496,930
- Provisions -€112,844
down €112,844 (-10.9%), from €1.0m to €918,557
- Gross operating margin -€82,755
down €82,755 (-31.8%), from €259,896 to €177,141
- Financial income +€52,146
up €52,146 (+81.7%), from €63,811 to €115,958
- Financial charges +€48,663
up €48,663 (+41.5%), from €117,228 to €165,891
- Depreciation -€8,932
down €8,932 (-2.7%), from €329,221 to €320,290
- Other operating charges +€3,493
up €3,493 (+3.0%), from €115,449 to €118,942
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 | €11,030,615 | €10,792,741 | -€237,874 | -2.2% |
| Fixed assets | 21/28 | €7,407,816 | €7,017,534 | -€390,282 | -5.3% |
| Tangible fixed assets | 22/27 | €6,807,823 | €6,417,534 | -€390,290 | -5.7% |
| Land and buildings | 22 | €4,038,461 | €3,909,670 | -€128,791 | -3.2% |
| Plant, machinery and equipment | 23 | €2,747,184 | €2,489,429 | -€257,755 | -9.4% |
| Furniture and vehicles | 24 | €22,179 | €18,435 | -€3,744 | -16.9% |
| Financial fixed assets | 28 | €599,993 | €600,000 | +€8 | 0.0% |
| Current assets | 29/58 | €3,622,799 | €3,775,207 | +€152,408 | +4.2% |
| Amounts receivable after more than one year | 29 | €2,187,500 | €2,187,500 | = | 0.0% |
| Other amounts receivable | 291 | €2,187,500 | €2,187,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,401,588 | €1,582,654 | +€181,066 | +12.9% |
| Trade receivables | 40 | €76,206 | €9,815 | -€66,391 | -87.1% |
| Other amounts receivable | 41 | €1,325,382 | €1,572,839 | +€247,458 | +18.7% |
| Cash at bank and in hand | 54/58 | €1,414 | €2,867 | +€1,454 | +103% |
| Deferred charges and accrued income | 490/1 | €32,297 | €2,186 | -€30,112 | -93.2% |
| Total equity and liabilities | 10/49 | €11,030,615 | €10,792,741 | -€237,874 | -2.2% |
| Equity | 10/15 | €4,518,719 | €4,319,539 | -€199,180 | -4.4% |
| Contributions | 10/11 | €868,000 | €868,000 | = | 0.0% |
| Capital | 10 | €868,000 | €868,000 | = | 0.0% |
| Issued capital | 100 | €868,000 | €868,000 | = | 0.0% |
| Reserves | 13 | €3,181,002 | €2,842,471 | -€338,531 | -10.6% |
| Non-distributable reserves | 130/1 | €86,800 | €86,800 | = | 0.0% |
| Legal reserve | 130 | €86,800 | €86,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,094,202 | €2,755,671 | -€338,531 | -10.9% |
| Profit (loss) carried forward | 14 | €469,717 | €609,068 | +€139,351 | +29.7% |
| Provisions and deferred taxes | 16 | €1,031,401 | €918,557 | -€112,844 | -10.9% |
| Deferred taxes | 168 | €1,031,401 | €918,557 | -€112,844 | -10.9% |
| Amounts payable | 17/49 | €5,480,496 | €5,554,645 | +€74,150 | +1.4% |
| Amounts payable after more than one year | 17 | €4,409,426 | €4,256,175 | -€153,251 | -3.5% |
| Financial debts | 170/4 | €2,711,460 | €2,541,228 | -€170,232 | -6.3% |
| Other amounts payable | 178/9 | €1,697,966 | €1,714,947 | +€16,981 | +1.0% |
| Amounts payable within one year | 42/48 | €1,068,892 | €1,294,749 | +€225,857 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €178,435 | €279,707 | +€101,273 | +56.8% |
| Financial debts | 43 | €450,000 | €450,000 | = | 0.0% |
| Credit institutions | 430/8 | €450,000 | €450,000 | = | 0.0% |
| Trade debts | 44 | €73,122 | €66,449 | -€6,673 | -9.1% |
| Suppliers | 440/4 | €73,122 | €66,449 | -€6,673 | -9.1% |
| Taxes, remuneration and social security | 45 | €1,279 | €1,663 | +€384 | +30.0% |
| Taxes | 450/3 | €1,279 | €1,663 | +€384 | +30.0% |
| Other amounts payable | 47/48 | €366,056 | €496,930 | +€130,874 | +35.8% |
| Accrued charges and deferred income | 492/3 | €2,178 | €3,721 | +€1,543 | +70.9% |
| Non-recurring operating income | 76A | €15,500 | €70,000 | +€54,500 | +352% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,221 | €320,290 | -€8,932 | -2.7% |
| Other operating charges | 640/8 | €115,449 | €118,942 | +€3,493 | +3.0% |
| Gross operating margin | 9900 | €259,896 | €177,141 | -€82,755 | -31.8% |
| Operating profit (loss) | 9901 | -€184,774 | -€262,090 | -€77,316 | -41.8% |
| Financial income | 75/76B | €63,811 | €115,958 | +€52,146 | +81.7% |
| Recurring financial income | 75 | €63,811 | €115,958 | +€52,146 | +81.7% |
| Financial charges | 65/66B | €117,228 | €165,891 | +€48,663 | +41.5% |
| Recurring financial charges | 65 | €117,228 | €165,891 | +€48,663 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | -€238,191 | -€312,024 | -€73,833 | -31.0% |
| Transfer from deferred taxes | 780 | €54,173 | €112,844 | +€58,670 | +108% |
| Profit (loss) for the period | 9904 | -€184,017 | -€199,180 | -€15,163 | -8.2% |
| Transfer from tax-exempt reserves | 789 | €162,520 | €338,531 | +€176,011 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,497 | €139,351 | +€160,848 |
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 21 October 2026 via checked.be.