UNIVERS: 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.
UNIVERS
Largest movements
- Receivables within one year +€169,776
up €169,776 (+158.6%), from €107,067 to €276,843
of which Other amounts receivable: +€161,893
- Tangible fixed assets -€41,908
down €41,908 (-3.1%), from €1.4m to €1.3m
of which Land and buildings: -€58,644
- Debts after one year +€216,763
up €216,763 (+74.7%), from €290,127 to €506,890
of which Financial debts: +€216,763
- Trade debts -€129,730
down €129,730 (-54.9%), from €236,308 to €106,577
- Other debts +€54,045
up €54,045 (+99.4%), from €54,350 to €108,395
- Gross operating margin +€28,318
up €28,318 (+60.8%), from €46,540 to €74,858
- Financial charges +€12,401
up €12,401 (+148.7%), from €8,341 to €20,742
- Depreciation +€6,901
up €6,901 (+13.3%), from €51,707 to €58,608
- Other operating charges +€808
up €808 (+8.7%), from €9,287 to €10,094
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.
Cash bridge derived
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 | €1,479,667 | €1,604,347 | +€124,681 | +8.4% |
| Fixed assets | 21/28 | €1,362,464 | €1,321,426 | -€41,038 | -3.0% |
| Tangible fixed assets | 22/27 | €1,360,210 | €1,318,302 | -€41,908 | -3.1% |
| Land and buildings | 22 | €1,355,813 | €1,297,169 | -€58,644 | -4.3% |
| Plant, machinery and equipment | 23 | €902 | €5,315 | +€4,412 | +488.9% |
| Furniture and vehicles | 24 | €3,494 | €3,099 | -€396 | -11.3% |
| Other tangible fixed assets | 26 | - | €12,720 | +€12,720 | |
| Financial fixed assets | 28 | €2,254 | €3,124 | +€870 | +38.6% |
| Current assets | 29/58 | €117,203 | €282,921 | +€165,718 | +141.4% |
| Amounts receivable within one year | 40/41 | €107,067 | €276,843 | +€169,776 | +158.6% |
| Trade receivables | 40 | €19,337 | €27,220 | +€7,883 | +40.8% |
| Other amounts receivable | 41 | €87,730 | €249,623 | +€161,893 | +184.5% |
| Cash at bank and in hand | 54/58 | €8,870 | €3,436 | -€5,435 | -61.3% |
| Deferred charges and accrued income | 490/1 | €1,266 | €2,642 | +€1,377 | +108.8% |
| Total equity and liabilities | 10/49 | €1,479,667 | €1,604,347 | +€124,681 | +8.4% |
| Equity | 10/15 | €789,845 | €778,703 | -€11,142 | -1.4% |
| Contributions | 10/11 | €73,600 | €73,600 | = | 0.0% |
| Revaluation surpluses | 12 | €665,159 | €665,159 | = | 0.0% |
| Reserves | 13 | €172,045 | €161,713 | -€10,332 | -6.0% |
| Tax-exempt reserves | 132 | €170,186 | €159,854 | -€10,332 | -6.1% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,959 | -€121,769 | -€810 | -0.7% |
| Provisions and deferred taxes | 16 | €56,729 | €53,285 | -€3,444 | -6.1% |
| Deferred taxes | 168 | €56,729 | €53,285 | -€3,444 | -6.1% |
| Amounts payable | 17/49 | €633,093 | €772,360 | +€139,267 | +22.0% |
| Amounts payable after more than one year | 17 | €290,127 | €506,890 | +€216,763 | +74.7% |
| Financial debts | 170/4 | €258,977 | €475,740 | +€216,763 | +83.7% |
| Other amounts payable | 178/9 | €31,150 | €31,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €342,179 | €264,805 | -€77,374 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €51,065 | €48,098 | -€2,966 | -5.8% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €236,308 | €106,577 | -€129,730 | -54.9% |
| Suppliers | 440/4 | €236,308 | €106,577 | -€129,730 | -54.9% |
| Taxes, remuneration and social security | 45 | €457 | €1,734 | +€1,277 | +279.5% |
| Taxes | 450/3 | €457 | €1,734 | +€1,277 | +279.5% |
| Other amounts payable | 47/48 | €54,350 | €108,395 | +€54,045 | +99.4% |
| Accrued charges and deferred income | 492/3 | €788 | €665 | -€123 | -15.6% |
| Remuneration, social security and pensions | 62 | €50 | €0 | -€50 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,707 | €58,608 | +€6,901 | +13.3% |
| Other operating charges | 640/8 | €9,287 | €10,094 | +€808 | +8.7% |
| Gross operating margin | 9900 | €46,540 | €74,858 | +€28,318 | +60.8% |
| Operating profit (loss) | 9901 | -€14,504 | €6,156 | +€20,660 | |
| Financial income | 75/76B | €130 | €0 | -€130 | -99.9% |
| Recurring financial income | 75 | €130 | €0 | -€130 | -99.9% |
| Financial charges | 65/66B | €8,341 | €20,742 | +€12,401 | +148.7% |
| Recurring financial charges | 65 | €8,341 | €20,742 | +€12,401 | +148.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,716 | -€14,586 | +€8,130 | +35.8% |
| Transfer from deferred taxes | 780 | €2,174 | €3,444 | +€1,270 | +58.4% |
| Profit (loss) for the period | 9904 | -€20,541 | -€11,142 | +€9,399 | +45.8% |
| Transfer from tax-exempt reserves | 789 | €6,523 | €10,332 | +€3,809 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,019 | -€810 | +€13,209 | +94.2% |
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 11 October 2026 via checked.be.