UNIVERSAL FOODING: 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.
UNIVERSAL FOODING
Largest movements
- Tangible fixed assets +€232,356
up €232,356 (+160%), from €145,663 to €378,019
of which Plant, machinery and equipment: +€202,763
- Cash +€135,321
up €135,321 (+104%), from €129,978 to €265,299
mainly Net result for the year (+€257,519) and Contributions, distributions and other (+€90,715)
- Receivables within one year -€83,966
down €83,966 (-11.2%), from €750,119 to €666,153
of which Other amounts receivable: -€94,104
- Stocks and contracts -€81,135
down €81,135 (-15.5%), from €522,734 to €441,599
- Receivables after one year +€65,000
new in 2024: €65,000
- Profit (loss) carried forward +€748,234
up €748,234 (+1,383%), from €54,109 to €802,343
- Reserves -€400,000
down €400,000 (-94.0%), from €425,700 to €25,700
of which Non-distributable reserves: -€400,000
- Trade debts -€96,603
down €96,603 (-15.2%), from €637,217 to €540,614
- Current portion of long-term debt +€46,640
new in 2024: €46,640
- Tax, wage and social debts -€39,321
down €39,321 (-12.7%), from €310,723 to €271,402
- Purchases and services +€3.3m
up €3.3m (+25.5%), from €12.8m to €16.0m
- Turnover +€3.0m
up €3.0m (+21.8%), from €13.7m to €16.7m
- Gross operating margin -€236,528
down €236,528 (-24.7%), from €955,948 to €719,420
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,584,494 | €1,852,070 | +€267,576 | +16.9% |
| Fixed assets | 21/28 | €181,663 | €414,019 | +€232,356 | +128% |
| Tangible fixed assets | 22/27 | €145,663 | €378,019 | +€232,356 | +160% |
| Plant, machinery and equipment | 23 | €36,083 | €238,846 | +€202,763 | +562% |
| Furniture and vehicles | 24 | €109,580 | €139,173 | +€29,593 | +27.0% |
| Financial fixed assets | 28 | €36,000 | €36,000 | = | 0.0% |
| Current assets | 29/58 | €1,402,831 | €1,438,051 | +€35,220 | +2.5% |
| Amounts receivable after more than one year | 29 | - | €65,000 | +€65,000 | |
| Other amounts receivable | 291 | - | €65,000 | +€65,000 | |
| Stocks and contracts in progress | 3 | €522,734 | €441,599 | -€81,135 | -15.5% |
| Stocks | 30/36 | €522,734 | €441,599 | -€81,135 | -15.5% |
| Amounts receivable within one year | 40/41 | €750,119 | €666,153 | -€83,966 | -11.2% |
| Trade receivables | 40 | €605,965 | €616,103 | +€10,138 | +1.7% |
| Other amounts receivable | 41 | €144,154 | €50,050 | -€94,104 | -65.3% |
| Cash at bank and in hand | 54/58 | €129,978 | €265,299 | +€135,321 | +104% |
| Total equity and liabilities | 10/49 | €1,584,494 | €1,852,070 | +€267,576 | +16.9% |
| Equity | 10/15 | €570,309 | €918,543 | +€348,234 | +61.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €425,700 | €25,700 | -€400,000 | -94.0% |
| Non-distributable reserves | 130/1 | €400,700 | €700 | -€400,000 | -99.8% |
| Reserves not available under the articles | 1311 | €700 | €700 | = | 0.0% |
| Other | 1319 | €400,000 | - | -€400,000 | |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,109 | €802,343 | +€748,234 | +1,383% |
| Investment grants | 15 | €83,500 | €83,500 | = | 0.0% |
| Provisions and deferred taxes | 16 | €26,245 | €26,245 | +€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,245 | €26,245 | +€0 | 0.0% |
| Taxes | 161 | €26,245 | €26,245 | +€0 | 0.0% |
| Amounts payable | 17/49 | €987,940 | €907,283 | -€80,657 | -8.2% |
| Amounts payable after more than one year | 17 | €40,000 | €48,627 | +€8,627 | +21.6% |
| Financial debts | 170/4 | - | €48,627 | +€48,627 | |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €947,940 | €858,656 | -€89,284 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | - | €46,640 | +€46,640 | |
| Trade debts | 44 | €637,217 | €540,614 | -€96,603 | -15.2% |
| Suppliers | 440/4 | €637,217 | €540,614 | -€96,603 | -15.2% |
| Taxes, remuneration and social security | 45 | €310,723 | €271,402 | -€39,321 | -12.7% |
| Taxes | 450/3 | €310,723 | €271,402 | -€39,321 | -12.7% |
| Turnover | 70 | €13,726,955 | €16,718,313 | +€3.0m | +21.8% |
| Non-recurring operating income | 76A | - | €32,020 | +€32,020 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,771,007 | €16,030,912 | +€3.3m | +25.5% |
| Remuneration, social security and pensions | 62 | €305,980 | €320,995 | +€15,015 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,459 | €68,985 | +€50,526 | +274% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,007 | +€9,007 | |
| Other operating charges | 640/8 | €25,150 | - | -€25,150 | |
| Gross operating margin | 9900 | €955,948 | €719,420 | -€236,528 | -24.7% |
| Operating profit (loss) | 9901 | €606,359 | €320,434 | -€285,925 | -47.2% |
| Financial income | 75/76B | - | €2,224 | +€2,224 | |
| Recurring financial income | 75 | - | €2,224 | +€2,224 | |
| Non-recurring financial income | 76B | - | €2,224 | +€2,224 | |
| Financial charges | 65/66B | €16,447 | €27,837 | +€11,390 | +69.3% |
| Recurring financial charges | 65 | €175 | €27,837 | +€27,662 | +15,807% |
| Non-recurring financial charges | 66B | €16,272 | - | -€16,272 | |
| Profit (loss) for the period before taxes | 9903 | €589,912 | €294,821 | -€295,091 | -50.0% |
| Income taxes | 67/77 | €182,896 | €37,302 | -€145,594 | -79.6% |
| Profit (loss) for the period | 9904 | €407,016 | €257,519 | -€149,497 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €407,016 | €257,519 | -€149,497 | -36.7% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.