UNIVERSAL CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€397,069
up €397,069 (+56.6%), from €702,135 to €1.1m
of which Trade receivables: +€324,349
- Stocks and contracts +€176,639
up €176,639 (+18.7%), from €945,415 to €1.1m
- Cash +€175,556
up €175,556 (+519.6%), from €33,787 to €209,343
mainly Trade debts (+€471,863) and Net result for the year (+€114,070)
- Deferred charges and accrued income -€32,085
down €32,085 (-74.2%), from €43,253 to €11,169
- Trade debts +€471,863
up €471,863 (+89.4%), from €527,969 to €999,831
- Profit (loss) carried forward +€114,070
up €114,070 (+28.5%), from €399,560 to €513,630
- Current portion of long-term debt +€100,313
up €100,313 (+18.5%), from €541,258 to €641,572
- Tax, wage and social debts +€33,013
up €33,013 (+25.3%), from €130,440 to €163,452
of which Taxes: +€20,908
- Staff costs +€107,832
up €107,832 (+10.6%), from €1.0m to €1.1m
- Gross operating margin +€88,158
up €88,158 (+6.8%), from €1.3m to €1.4m
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 | €1,802,529 | €2,497,511 | +€694,982 | +38.6% |
| Fixed assets | 21/28 | €77,938 | €55,742 | -€22,196 | -28.5% |
| Tangible fixed assets | 22/27 | €76,336 | €54,140 | -€22,196 | -29.1% |
| Plant, machinery and equipment | 23 | €4,776 | €3,166 | -€1,610 | -33.7% |
| Furniture and vehicles | 24 | €58,493 | €41,102 | -€17,391 | -29.7% |
| Other tangible fixed assets | 26 | €13,067 | €9,872 | -€3,195 | -24.5% |
| Financial fixed assets | 28 | €1,602 | €1,602 | = | 0.0% |
| Current assets | 29/58 | €1,724,591 | €2,441,770 | +€717,179 | +41.6% |
| Stocks and contracts in progress | 3 | €945,415 | €1,122,054 | +€176,639 | +18.7% |
| Stocks | 30/36 | €945,415 | €1,122,054 | +€176,639 | +18.7% |
| Amounts receivable within one year | 40/41 | €702,135 | €1,099,204 | +€397,069 | +56.6% |
| Trade receivables | 40 | €606,749 | €931,098 | +€324,349 | +53.5% |
| Other amounts receivable | 41 | €95,387 | €168,106 | +€72,720 | +76.2% |
| Cash at bank and in hand | 54/58 | €33,787 | €209,343 | +€175,556 | +519.6% |
| Deferred charges and accrued income | 490/1 | €43,253 | €11,169 | -€32,085 | -74.2% |
| Total equity and liabilities | 10/49 | €1,802,529 | €2,497,511 | +€694,982 | +38.6% |
| Equity | 10/15 | €435,587 | €549,658 | +€114,070 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,427 | €17,427 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,567 | €15,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,560 | €513,630 | +€114,070 | +28.5% |
| Amounts payable | 17/49 | €1,366,942 | €1,947,854 | +€580,912 | +42.5% |
| Amounts payable after more than one year | 17 | €70,250 | €49,567 | -€20,683 | -29.4% |
| Financial debts | 170/4 | €70,250 | €49,567 | -€20,683 | -29.4% |
| Amounts payable within one year | 42/48 | €1,294,887 | €1,896,482 | +€601,595 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €541,258 | €641,572 | +€100,313 | +18.5% |
| Financial debts | 43 | €5,767 | - | -€5,767 | |
| Credit institutions | 430/8 | €5,767 | - | -€5,767 | |
| Trade debts | 44 | €527,969 | €999,831 | +€471,863 | +89.4% |
| Suppliers | 440/4 | €527,969 | €999,831 | +€471,863 | +89.4% |
| Taxes, remuneration and social security | 45 | €130,440 | €163,452 | +€33,013 | +25.3% |
| Taxes | 450/3 | €40,305 | €61,213 | +€20,908 | +51.9% |
| Remuneration and social security | 454/9 | €90,134 | €102,239 | +€12,105 | +13.4% |
| Other amounts payable | 47/48 | €89,453 | €91,627 | +€2,174 | +2.4% |
| Accrued charges and deferred income | 492/3 | €1,805 | €1,805 | = | 0.0% |
| Non-recurring operating income | 76A | €101 | €6,769 | +€6,668 | +6601.6% |
| Remuneration, social security and pensions | 62 | €1,013,619 | €1,121,451 | +€107,832 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,308 | €25,878 | -€2,430 | -8.6% |
| Other operating charges | 640/8 | €13,194 | €16,148 | +€2,954 | +22.4% |
| Non-recurring operating charges | 66A | €1,482 | - | -€1,482 | |
| Gross operating margin | 9900 | €1,287,251 | €1,375,409 | +€88,158 | +6.8% |
| Operating profit (loss) | 9901 | €230,648 | €211,931 | -€18,717 | -8.1% |
| Financial income | 75/76B | €5,443 | €6,222 | +€779 | +14.3% |
| Recurring financial income | 75 | €5,443 | €6,222 | +€779 | +14.3% |
| Financial charges | 65/66B | €73,269 | €61,289 | -€11,980 | -16.4% |
| Recurring financial charges | 65 | €73,269 | €61,289 | -€11,980 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €162,822 | €156,864 | -€5,958 | -3.7% |
| Income taxes | 67/77 | €53,652 | €42,794 | -€10,858 | -20.2% |
| Profit (loss) for the period | 9904 | €109,170 | €114,070 | +€4,900 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,170 | €114,070 | +€4,900 | +4.5% |
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 1 October 2026 via checked.be.