Universal Express: 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.
What changed
Universal Express
NACE 49.410, Freight transport by road
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€1.8m
2023 · -€3.9m+€2.2m
Equity
-€2.8m
2023 · -€987,432-€1.8m
Cash
€36,830
2023 · €135,778-€98,948
Balance sheet total
€9.8m
2023 · €9.9m-€163,771
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€1.8m
up €1.8m (+23.0%), from €8.0m to €9.9m
- Profit (loss) carried forward -€1.8m
down €1.8m (-20.9%), from -€8.6m to -€10.4m
- Trade debts +€170,989
up €170,989 (+12.9%), from €1.3m to €1.5m
- Current portion of long-term debt -€169,288
down €169,288 (-49.2%), from €344,288 to €175,000
- Short-term financial debts -€144,633
down €144,633 (-51.9%), from €278,910 to €134,278
Income statement
- Goods and materials -€2.5m
down €2.5m (-37.6%), from €6.6m to €4.1m
- Turnover -€2.4m
down €2.4m (-30.3%), from €7.9m to €5.5m
- Staff costs -€1.2m
down €1.2m (-61.4%), from €2.0m to €773,616
- Services and other goods -€603,623
down €603,623 (-20.1%), from €3.0m to €2.4m
- Other operating income +€88,388
up €88,388 (+79.7%), from €110,942 to €199,330
From the 2023 result to the 2024 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.
Result 2023
-€3.9m
Turnover
-€2.4m
Other operating income
+€88,388
Goods and materials
+€2.5m
Services and other goods
+€603,623
Staff costs
+€1.2m
Depreciation
-€1,241
Write-downs
-€7,021
Other operating charges
+€60,613
Other operating items
-€687
Financial income
+€4,386
Financial charges
+€61,445
Taxes
+€445
Result 2024
-€1.8m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€229,531
Investment
-€14,558
Financing
-€313,920
Cash 2023
€135,778
From operations (derived)
+€229,531
Net result for the year
-€1.8m
Depreciation
+€25,327
Receivables within one year
-€3,415
Deferred charges and accrued income
+€57,469
Trade debts
+€170,989
Tax, wage and social debts
-€62,773
Other debts
+€1.8m
Accrued charges and deferred income
-€15,589
Investment (derived)
-€14,558
Investment in fixed assets (net)
-€14,558
Financing
-€313,920
Current portion of long-term debt
-€169,288
Short-term financial debts
-€144,633
Cash 2024
€36,830
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,931,950 | €9,768,179 | -€163,771 | -1.6% |
| Fixed assets | 21/28 | €7,808,707 | €7,797,938 | -€10,770 | -0.1% |
| Tangible fixed assets | 22/27 | €72,846 | €61,515 | -€11,331 | -15.6% |
| Plant, machinery and equipment | 23 | €62,965 | €49,214 | -€13,752 | -21.8% |
| Furniture and vehicles | 24 | €9,880 | €12,301 | +€2,421 | +24.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €7,735,861 | €7,736,423 | +€561 | 0.0% |
| Affiliated companies | 280/1 | €7,735,824 | €7,736,385 | +€561 | 0.0% |
| Participating interests | 280 | €7,735,824 | €7,736,385 | +€561 | 0.0% |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €37 | €37 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €2,123,243 | €1,970,242 | -€153,001 | -7.2% |
| Stocks and contracts in progress | 3 | €128 | €128 | = | 0.0% |
| Stocks | 30/36 | €128 | €128 | = | 0.0% |
| Raw materials and consumables | 30/31 | €128 | €128 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,768,405 | €1,771,820 | +€3,415 | +0.2% |
| Trade receivables | 40 | €1,606,072 | €1,491,743 | -€114,330 | -7.1% |
| Other amounts receivable | 41 | €162,332 | €280,077 | +€117,745 | +72.5% |
| Cash at bank and in hand | 54/58 | €135,778 | €36,830 | -€98,948 | -72.9% |
| Deferred charges and accrued income | 490/1 | €218,933 | €161,464 | -€57,469 | -26.2% |
| Total equity and liabilities | 10/49 | €9,931,950 | €9,768,179 | -€163,771 | -1.6% |
| Equity | 10/15 | -€987,432 | -€2,776,683 | -€1.8m | -181.2% |
| Contributions | 10/11 | €4,470,573 | €4,470,573 | = | 0.0% |
| Capital | 10 | €4,470,573 | €4,470,573 | = | 0.0% |
| Issued capital | 100 | €4,470,573 | €4,470,573 | = | 0.0% |
| Reserves | 13 | €3,115,125 | €3,115,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €2,965,125 | €2,965,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,573,130 | -€10,362,382 | -€1.8m | -20.9% |
| Amounts payable | 17/49 | €10,919,382 | €12,544,863 | +€1.6m | +14.9% |
| Amounts payable after more than one year | 17 | €7,050 | €7,050 | = | 0.0% |
| Other amounts payable | 178/9 | €7,050 | €7,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,627,126 | €12,268,196 | +€1.6m | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €344,288 | €175,000 | -€169,288 | -49.2% |
| Financial debts | 43 | €278,910 | €134,278 | -€144,633 | -51.9% |
| Credit institutions | 430/8 | €278,910 | €134,278 | -€144,633 | -51.9% |
| Trade debts | 44 | €1,323,353 | €1,494,342 | +€170,989 | +12.9% |
| Suppliers | 440/4 | €1,323,353 | €1,494,342 | +€170,989 | +12.9% |
| Taxes, remuneration and social security | 45 | €643,676 | €580,904 | -€62,773 | -9.8% |
| Taxes | 450/3 | €140,816 | €258,047 | +€117,231 | +83.3% |
| Remuneration and social security | 454/9 | €502,860 | €322,856 | -€180,004 | -35.8% |
| Other amounts payable | 47/48 | €8,036,899 | €9,883,672 | +€1.8m | +23.0% |
| Accrued charges and deferred income | 492/3 | €285,206 | €269,617 | -€15,589 | -5.5% |
| Operating income | 70/76A | €7,983,585 | €5,683,444 | -€2.3m | -28.8% |
| Turnover | 70 | €7,872,084 | €5,484,114 | -€2.4m | -30.3% |
| Other operating income | 74 | €110,942 | €199,330 | +€88,388 | +79.7% |
| Non-recurring operating income | 76A | €559 | - | -€559 | |
| Operating charges | 60/66A | €11,832,194 | €7,447,905 | -€4.4m | -37.1% |
| Goods for resale, raw materials and consumables | 60 | €6,633,174 | €4,136,643 | -€2.5m | -37.6% |
| Purchases | 600/8 | €6,633,174 | €4,136,643 | -€2.5m | -37.6% |
| Services and other goods | 61 | €3,007,386 | €2,403,764 | -€603,623 | -20.1% |
| Remuneration, social security and pensions | 62 | €2,005,529 | €773,616 | -€1.2m | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,086 | €25,327 | +€1,241 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €792 | €7,813 | +€7,021 | +886.4% |
| Other operating charges | 640/8 | €161,226 | €100,614 | -€60,613 | -37.6% |
| Non-recurring operating charges | 66A | - | €128 | +€128 | |
| Operating profit (loss) | 9901 | -€3,848,609 | -€1,764,461 | +€2.1m | +54.2% |
| Financial income | 75/76B | €9,832 | €14,218 | +€4,386 | +44.6% |
| Recurring financial income | 75 | €9,832 | €14,218 | +€4,386 | +44.6% |
| Other financial income | 752/9 | €9,832 | €14,218 | +€4,386 | +44.6% |
| Financial charges | 65/66B | €97,670 | €36,225 | -€61,445 | -62.9% |
| Recurring financial charges | 65 | €97,670 | €36,225 | -€61,445 | -62.9% |
| Debt charges | 650 | €62,319 | €12,253 | -€50,066 | -80.3% |
| Other financial charges | 652/9 | €35,351 | €23,972 | -€11,379 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,936,447 | -€1,786,467 | +€2.1m | +54.6% |
| Income taxes | 67/77 | €3,230 | €2,784 | -€445 | -13.8% |
| Taxes | 670/3 | €3,230 | €2,784 | -€445 | -13.8% |
| Profit (loss) for the period | 9904 | -€3,939,676 | -€1,789,251 | +€2.2m | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,939,676 | -€1,789,251 | +€2.2m | +54.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.