UNIVERSAL GSM COURCELLES: 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 GSM COURCELLES
Largest movements
- Receivables within one year +€53,462
up €53,462 (+108.8%), from €49,131 to €102,593
of which Other amounts receivable: +€45,333
- Tangible fixed assets -€7,847
down €7,847 (-21.3%), from €36,800 to €28,953
of which Furniture and vehicles: -€9,200
- Cash +€3,071
up €3,071 (+11.5%), from €26,680 to €29,750
mainly Contributions, distributions and other (+€28,474) and Trade debts (+€13,482)
- Profit (loss) carried forward +€19,311
up €19,311 (+42.5%), from €45,466 to €64,776
- Contributions +€18,600
up €18,600 (+150.0%), from €12,400 to €31,000
- Trade debts +€13,482
up €13,482 (+19.1%), from €70,595 to €84,077
- Tax, wage and social debts -€2,659
down €2,659 (-72.2%), from €3,683 to €1,024
of which Remuneration and social security: -€1,549
- Current portion of long-term debt -€2,481
no longer reported in 2025 (was €2,481)
- Gross operating margin +€25,637
up €25,637 (+47.6%), from €53,881 to €79,519
- Purchases and services -€20,855
down €20,855 (-10.9%), from €191,473 to €170,619
- Staff costs +€6,386
up €6,386 (+13.4%), from €47,752 to €54,138
- Turnover +€4,783
up €4,783 (+1.9%), from €245,355 to €250,138
- Taxes +€3,215
new in 2025: €3,215
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 | €137,284 | €184,597 | +€47,313 | +34.5% |
| Fixed assets | 21/28 | €42,800 | €34,953 | -€7,847 | -18.3% |
| Tangible fixed assets | 22/27 | €36,800 | €28,953 | -€7,847 | -21.3% |
| Plant, machinery and equipment | 23 | - | €1,353 | +€1,353 | |
| Furniture and vehicles | 24 | €36,800 | €27,600 | -€9,200 | -25.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €94,484 | €149,644 | +€55,159 | +58.4% |
| Stocks and contracts in progress | 3 | €18,674 | €17,301 | -€1,374 | -7.4% |
| Stocks | 30/36 | €18,674 | €17,301 | -€1,374 | -7.4% |
| Amounts receivable within one year | 40/41 | €49,131 | €102,593 | +€53,462 | +108.8% |
| Trade receivables | 40 | €15,595 | €23,724 | +€8,129 | +52.1% |
| Other amounts receivable | 41 | €33,535 | €78,869 | +€45,333 | +135.2% |
| Cash at bank and in hand | 54/58 | €26,680 | €29,750 | +€3,071 | +11.5% |
| Total equity and liabilities | 10/49 | €137,284 | €184,597 | +€47,313 | +34.5% |
| Equity | 10/15 | €59,726 | €99,496 | +€39,771 | +66.6% |
| Contributions | 10/11 | €12,400 | €31,000 | +€18,600 | +150.0% |
| Reserves | 13 | €1,860 | €3,720 | +€1,860 | +100.0% |
| Non-distributable reserves | 130/1 | €1,860 | €3,720 | +€1,860 | +100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €3,720 | +€1,860 | +100.0% |
| Profit (loss) carried forward | 14 | €45,466 | €64,776 | +€19,311 | +42.5% |
| Amounts payable | 17/49 | €77,559 | €85,101 | +€7,542 | +9.7% |
| Amounts payable within one year | 42/48 | €77,559 | €85,101 | +€7,542 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €2,481 | - | -€2,481 | |
| Financial debts | 43 | €800 | - | -€800 | |
| Credit institutions | 430/8 | €800 | - | -€800 | |
| Trade debts | 44 | €70,595 | €84,077 | +€13,482 | +19.1% |
| Suppliers | 440/4 | €70,595 | €84,077 | +€13,482 | +19.1% |
| Taxes, remuneration and social security | 45 | €3,683 | €1,024 | -€2,659 | -72.2% |
| Taxes | 450/3 | €1,335 | €225 | -€1,110 | -83.2% |
| Remuneration and social security | 454/9 | €2,348 | €799 | -€1,549 | -66.0% |
| Turnover | 70 | €245,355 | €250,138 | +€4,783 | +1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €191,473 | €170,619 | -€20,855 | -10.9% |
| Remuneration, social security and pensions | 62 | €47,752 | €54,138 | +€6,386 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,200 | €9,247 | +€47 | +0.5% |
| Other operating charges | 640/8 | €3,913 | €1,779 | -€2,134 | -54.5% |
| Gross operating margin | 9900 | €53,881 | €79,519 | +€25,637 | +47.6% |
| Operating profit (loss) | 9901 | -€6,984 | €14,355 | +€21,339 | |
| Financial income | 75/76B | €2,372 | €2,889 | +€517 | +21.8% |
| Recurring financial income | 75 | €2,372 | €2,889 | +€517 | +21.8% |
| Financial charges | 65/66B | €400 | €2,734 | +€2,333 | +583.0% |
| Recurring financial charges | 65 | €400 | €2,734 | +€2,333 | +583.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,012 | €14,511 | +€19,523 | |
| Income taxes | 67/77 | - | €3,215 | +€3,215 | |
| Profit (loss) for the period | 9904 | -€5,012 | €11,296 | +€16,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,012 | €11,296 | +€16,308 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.