UNIVERSAL CORPORATION: what changed
UNIVERSAL CORPORATION
Largest movements
- Receivables within one year -€697,716
down €697,716 (-48.4%), from €1.4m to €744,921
of which Trade receivables: -€699,137
- Cash -€81,567
down €81,567 (-20.7%), from €394,489 to €312,922
mainly Other debts (-€228,774) and Trade debts (-€193,727)
- Stocks and contracts +€80,286
up €80,286 (+4.4%), from €1.8m to €1.9m
- Other debts -€228,774
down €228,774 (-27.8%), from €823,177 to €594,403
- Trade debts -€193,727
down €193,727 (-65.1%), from €297,443 to €103,716
- Profit (loss) carried forward -€168,166
down €168,166 (-18.3%), from €919,631 to €751,465
- Reserves -€90,000
down €90,000 (-5.7%), from €1.6m to €1.5m
of which Non-distributable reserves: -€90,000
- Gross operating margin -€220,039
down €220,039, from €77,625 to -€142,414
- Taxes -€5,374
down €5,374 (-62.2%), from €8,646 to €3,272
- Financial income -€3,522
down €3,522 (-71.9%), from €4,899 to €1,377
- Financial charges +€3,310
up €3,310 (+20.9%), from €15,839 to €19,149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,648,080 | €2,948,813 | -€699,267 | -19.2% |
| Fixed assets | 21/28 | €1,071 | €800 | -€271 | -25.3% |
| Tangible fixed assets | 22/27 | €271 | - | -€271 | |
| Furniture and vehicles | 24 | €271 | - | -€271 | |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €3,647,009 | €2,948,013 | -€698,997 | -19.2% |
| Stocks and contracts in progress | 3 | €1,809,883 | €1,890,169 | +€80,286 | +4.4% |
| Stocks | 30/36 | €1,809,883 | €1,890,169 | +€80,286 | +4.4% |
| Amounts receivable within one year | 40/41 | €1,442,637 | €744,921 | -€697,716 | -48.4% |
| Trade receivables | 40 | €1,441,085 | €741,948 | -€699,137 | -48.5% |
| Other amounts receivable | 41 | €1,552 | €2,973 | +€1,421 | +91.6% |
| Cash at bank and in hand | 54/58 | €394,489 | €312,922 | -€81,567 | -20.7% |
| Total equity and liabilities | 10/49 | €3,648,080 | €2,948,813 | -€699,267 | -19.2% |
| Equity | 10/15 | €2,508,485 | €2,250,319 | -€258,166 | -10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,570,261 | €1,480,261 | -€90,000 | -5.7% |
| Non-distributable reserves | 130/1 | €1,522,920 | €1,432,920 | -€90,000 | -5.9% |
| Reserves not available under the articles | 1311 | €1,522,920 | €1,432,920 | -€90,000 | -5.9% |
| Distributable reserves | 133 | €47,341 | €47,341 | = | 0.0% |
| Profit (loss) carried forward | 14 | €919,631 | €751,465 | -€168,166 | -18.3% |
| Amounts payable | 17/49 | €1,139,595 | €698,494 | -€441,101 | -38.7% |
| Amounts payable within one year | 42/48 | €1,139,595 | €698,494 | -€441,101 | -38.7% |
| Trade debts | 44 | €297,443 | €103,716 | -€193,727 | -65.1% |
| Suppliers | 440/4 | €297,443 | €103,716 | -€193,727 | -65.1% |
| Taxes, remuneration and social security | 45 | €18,975 | €375 | -€18,600 | -98.0% |
| Taxes | 450/3 | €18,975 | €375 | -€18,600 | -98.0% |
| Other amounts payable | 47/48 | €823,177 | €594,403 | -€228,774 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,394 | €271 | -€1,123 | -80.6% |
| Other operating charges | 640/8 | €4,538 | €4,437 | -€101 | -2.2% |
| Gross operating margin | 9900 | €77,625 | -€142,414 | -€220,039 | |
| Operating profit (loss) | 9901 | €71,693 | -€147,122 | -€218,815 | |
| Financial income | 75/76B | €4,899 | €1,377 | -€3,522 | -71.9% |
| Recurring financial income | 75 | €4,899 | €1,377 | -€3,522 | -71.9% |
| Financial charges | 65/66B | €15,839 | €19,149 | +€3,310 | +20.9% |
| Recurring financial charges | 65 | €15,839 | €19,149 | +€3,310 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €60,753 | -€164,894 | -€225,647 | |
| Income taxes | 67/77 | €8,646 | €3,272 | -€5,374 | -62.2% |
| Profit (loss) for the period | 9904 | €52,107 | -€168,166 | -€220,273 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,107 | -€168,166 | -€220,273 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.