UNIVERSAL IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€364,364
up €364,364 (+125.4%), from €290,635 to €654,999
of which Land and buildings: +€452,728
- Cash -€80,093
down €80,093 (-99.0%), from €80,901 to €808
mainly Investment in fixed assets (net) (-€415,539) and Trade debts (-€13,766)
- Stocks and contracts -€49,947
no longer reported in 2025 (was €49,947)
- Debts after one year +€124,613
up €124,613 (+384.0%), from €32,450 to €157,063
of which Financial debts: +€126,563
- Reserves +€70,515
up €70,515 (+24.7%), from €285,630 to €356,145
of which Distributable reserves: +€71,240
- Tax, wage and social debts +€35,452
up €35,452 (+262.7%), from €13,493 to €48,945
- Current portion of long-term debt +€17,091
up €17,091 (+188.9%), from €9,046 to €26,138
- Trade debts -€13,766
down €13,766 (-85.6%), from €16,090 to €2,323
- Gross operating margin +€122,625
up €122,625 (+209.2%), from €58,606 to €181,231
- Depreciation +€33,202
up €33,202 (+184.7%), from €17,973 to €51,175
- Taxes +€29,852
up €29,852 (+314.5%), from €9,493 to €39,345
- Financial charges +€4,407
up €4,407 (+397.9%), from €1,107 to €5,514
of which Financial charges: +€4,376
- Other operating charges +€1,904
up €1,904 (+14.6%), from €13,019 to €14,923
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 | €434,143 | €667,833 | +€233,690 | +53.8% |
| Fixed assets | 21/28 | €290,635 | €654,999 | +€364,364 | +125.4% |
| Tangible fixed assets | 22/27 | €290,635 | €654,999 | +€364,364 | +125.4% |
| Land and buildings | 22 | €98,543 | €551,271 | +€452,728 | +459.4% |
| Plant, machinery and equipment | 23 | €36,130 | €29,512 | -€6,618 | -18.3% |
| Furniture and vehicles | 24 | €46,429 | €64,216 | +€17,787 | +38.3% |
| Assets under construction and advance payments | 27 | €109,534 | €10,000 | -€99,534 | -90.9% |
| Current assets | 29/58 | €143,508 | €12,834 | -€130,674 | -91.1% |
| Stocks and contracts in progress | 3 | €49,947 | - | -€49,947 | |
| Stocks | 30/36 | €49,947 | - | -€49,947 | |
| Amounts receivable within one year | 40/41 | €12,642 | €11,864 | -€779 | -6.2% |
| Other amounts receivable | 41 | €12,642 | €11,864 | -€779 | -6.2% |
| Cash at bank and in hand | 54/58 | €80,901 | €808 | -€80,093 | -99.0% |
| Deferred charges and accrued income | 490/1 | €18 | €163 | +€145 | +818.5% |
| Total equity and liabilities | 10/49 | €434,143 | €667,833 | +€233,690 | +53.8% |
| Equity | 10/15 | €347,630 | €418,145 | +€70,515 | +20.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €285,630 | €356,145 | +€70,515 | +24.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,455 | €43,730 | -€725 | -1.6% |
| Distributable reserves | 133 | €234,975 | €306,214 | +€71,240 | +30.3% |
| Provisions and deferred taxes | 16 | €14,818 | €14,577 | -€242 | -1.6% |
| Deferred taxes | 168 | €14,818 | €14,577 | -€242 | -1.6% |
| Amounts payable | 17/49 | €71,695 | €235,112 | +€163,417 | +227.9% |
| Amounts payable after more than one year | 17 | €32,450 | €157,063 | +€124,613 | +384.0% |
| Financial debts | 170/4 | €28,240 | €154,803 | +€126,563 | +448.2% |
| Other amounts payable | 178/9 | €4,210 | €2,260 | -€1,950 | -46.3% |
| Amounts payable within one year | 42/48 | €38,632 | €77,408 | +€38,777 | +100.4% |
| Current portion of amounts payable after more than one year | 42 | €9,046 | €26,138 | +€17,091 | +188.9% |
| Financial debts | 43 | €2 | €2 | = | 0.0% |
| Credit institutions | 430/8 | €2 | €2 | = | 0.0% |
| Trade debts | 44 | €16,090 | €2,323 | -€13,766 | -85.6% |
| Suppliers | 440/4 | €16,090 | €2,323 | -€13,766 | -85.6% |
| Taxes, remuneration and social security | 45 | €13,493 | €48,945 | +€35,452 | +262.7% |
| Taxes | 450/3 | €13,493 | €48,945 | +€35,452 | +262.7% |
| Accrued charges and deferred income | 492/3 | €614 | €640 | +€26 | +4.3% |
| Non-recurring operating income | 76A | €1,139 | €85,140 | +€84,001 | +7373.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,973 | €51,175 | +€33,202 | +184.7% |
| Other operating charges | 640/8 | €13,019 | €14,923 | +€1,904 | +14.6% |
| Gross operating margin | 9900 | €58,606 | €181,231 | +€122,625 | +209.2% |
| Operating profit (loss) | 9901 | €27,614 | €115,133 | +€87,519 | +316.9% |
| Financial charges | 65/66B | €1,107 | €5,514 | +€4,407 | +397.9% |
| Recurring financial charges | 65 | €921 | €5,297 | +€4,376 | +475.0% |
| Non-recurring financial charges | 66B | €186 | €216 | +€30 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €26,506 | €109,619 | +€83,112 | +313.6% |
| Transfer from deferred taxes | 780 | - | €242 | +€242 | |
| Income taxes | 67/77 | €9,493 | €39,345 | +€29,852 | +314.5% |
| Profit (loss) for the period | 9904 | €17,013 | €70,515 | +€53,502 | +314.5% |
| Transfer from tax-exempt reserves | 789 | - | €725 | +€725 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,013 | €71,240 | +€54,227 | +318.7% |
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 29 September 2026 via checked.be.