UNIVERSAL: what changed
Two fiscal 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.
UNIVERSAL
Largest movements
- Cash +€17,684
up €17,684 (+211.9%), from €8,344 to €26,028
mainly Depreciation (+€20,188) and Tax, wage and social debts (+€1,271)
- Intangible fixed assets -€12,750
down €12,750 (-39.5%), from €32,250 to €19,500
- Tangible fixed assets -€7,438
down €7,438 (-50.0%), from €14,875 to €7,437
- Receivables within one year -€887
down €887 (-4.0%), from €21,967 to €21,080
of which Trade receivables: -€504
- Revaluation surpluses -€6,750
down €6,750 (-33.3%), from €20,250 to €13,500
- Reserves +€6,750
up €6,750 (+100.0%), from €6,750 to €13,500
- Profit (loss) carried forward -€3,548
down €3,548 (-11.6%), from €30,522 to €26,974
- Tax, wage and social debts +€1,271
new in 2025: €1,271
of which Remuneration and social security: +€1,200
- Turnover +€31,852
up €31,852 (+79.5%), from €40,048 to €71,900
- Purchases and services +€19,558
up €19,558 (+59.5%), from €32,871 to €52,429
- Gross operating margin +€12,294
up €12,294 (+171.3%), from €7,177 to €19,471
- Depreciation +€4,333
up €4,333 (+27.3%), from €15,855 to €20,188
- Financial charges +€1,099
up €1,099 (+128.8%), from €853 to €1,952
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 | €77,636 | €74,245 | -€3,391 | -4.4% |
| Fixed assets | 21/28 | €47,325 | €27,137 | -€20,188 | -42.7% |
| Intangible fixed assets | 21 | €32,250 | €19,500 | -€12,750 | -39.5% |
| Tangible fixed assets | 22/27 | €14,875 | €7,437 | -€7,438 | -50.0% |
| Furniture and vehicles | 24 | €14,875 | €7,437 | -€7,438 | -50.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €30,311 | €47,108 | +€16,797 | +55.4% |
| Amounts receivable within one year | 40/41 | €21,967 | €21,080 | -€887 | -4.0% |
| Trade receivables | 40 | €1,216 | €712 | -€504 | -41.4% |
| Other amounts receivable | 41 | €20,751 | €20,368 | -€383 | -1.8% |
| Cash at bank and in hand | 54/58 | €8,344 | €26,028 | +€17,684 | +211.9% |
| Total equity and liabilities | 10/49 | €77,636 | €74,245 | -€3,391 | -4.4% |
| Equity | 10/15 | €76,522 | €72,974 | -€3,548 | -4.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €20,250 | €13,500 | -€6,750 | -33.3% |
| Reserves | 13 | €6,750 | €13,500 | +€6,750 | +100.0% |
| Distributable reserves | 133 | €6,750 | €13,500 | +€6,750 | +100.0% |
| Profit (loss) carried forward | 14 | €30,522 | €26,974 | -€3,548 | -11.6% |
| Amounts payable | 17/49 | €1,114 | €1,271 | +€157 | +14.1% |
| Amounts payable within one year | 42/48 | €1,114 | €1,271 | +€157 | +14.1% |
| Trade debts | 44 | €614 | - | -€614 | |
| Suppliers | 440/4 | €614 | - | -€614 | |
| Taxes, remuneration and social security | 45 | - | €1,271 | +€1,271 | |
| Taxes | 450/3 | - | €71 | +€71 | |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €500 | - | -€500 | |
| Turnover | 70 | €40,048 | €71,900 | +€31,852 | +79.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,871 | €52,429 | +€19,558 | +59.5% |
| Remuneration, social security and pensions | 62 | €6 | - | -€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,855 | €20,188 | +€4,333 | +27.3% |
| Other operating charges | 640/8 | €798 | €879 | +€81 | +10.2% |
| Gross operating margin | 9900 | €7,177 | €19,471 | +€12,294 | +171.3% |
| Operating profit (loss) | 9901 | -€9,482 | -€1,596 | +€7,886 | +83.2% |
| Financial charges | 65/66B | €853 | €1,952 | +€1,099 | +128.8% |
| Recurring financial charges | 65 | €853 | €1,952 | +€1,099 | +128.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,335 | -€3,548 | +€6,787 | +65.7% |
| Profit (loss) for the period | 9904 | -€10,335 | -€3,548 | +€6,787 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,335 | -€3,548 | +€6,787 | +65.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.