UNIVERSAL PERFORMANCE: 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 PERFORMANCE
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+4203.0%), from €57,875 to €2.5m
of which Land and buildings: +€2.4m
- Current investments -€931,145
down €931,145 (-37.6%), from €2.5m to €1.5m
- Cash -€176,930
down €176,930 (-80.9%), from €218,814 to €41,884
mainly Investment in fixed assets (net) (-€2.5m) and Receivables within one year (-€117,557)
- Receivables within one year +€117,557
up €117,557 (+29.2%), from €402,866 to €520,422
of which Other amounts receivable: +€116,512
- Debts after one year +€1.1m
new in 2025: €1.1m
- Reserves +€99,325
up €99,325 (+34.8%), from €285,500 to €384,825
of which Distributable reserves: +€97,465
- Profit (loss) carried forward +€94,810
up €94,810 (+3.3%), from €2.9m to €3.0m
- Current portion of long-term debt +€69,155
new in 2025: €69,155
- Tax, wage and social debts +€51,476
up €51,476 (+701.3%), from €7,341 to €58,816
- Financial income +€137,959
up €137,959 (+98.0%), from €140,705 to €278,664
- Gross operating margin +€105,881
up €105,881 (+1511.2%), from €7,006 to €112,887
- Depreciation +€72,033
up €72,033 (+342.6%), from €21,027 to €93,061
- Financial charges +€54,951
up €54,951, from -€3,566 to €51,384
- Taxes +€41,643
up €41,643 (+257.4%), from €16,180 to €57,824
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 | €3,289,162 | €4,737,313 | +€1.4m | +44.0% |
| Fixed assets | 21/28 | €57,875 | €2,490,342 | +€2.4m | +4203.0% |
| Tangible fixed assets | 22/27 | €57,875 | €2,490,342 | +€2.4m | +4203.0% |
| Land and buildings | 22 | €50,914 | €2,449,834 | +€2.4m | +4711.7% |
| Plant, machinery and equipment | 23 | - | €40,508 | +€40,508 | |
| Furniture and vehicles | 24 | €6,961 | - | -€6,961 | |
| Current assets | 29/58 | €3,231,287 | €2,246,971 | -€984,317 | -30.5% |
| Amounts receivable after more than one year | 29 | €129,234 | €133,831 | +€4,596 | +3.6% |
| Other amounts receivable | 291 | €129,234 | €133,831 | +€4,596 | +3.6% |
| Amounts receivable within one year | 40/41 | €402,866 | €520,422 | +€117,557 | +29.2% |
| Trade receivables | 40 | €1,012 | €2,057 | +€1,045 | +103.3% |
| Other amounts receivable | 41 | €401,854 | €518,366 | +€116,512 | +29.0% |
| Current investments | 50/53 | €2,475,000 | €1,543,855 | -€931,145 | -37.6% |
| Cash at bank and in hand | 54/58 | €218,814 | €41,884 | -€176,930 | -80.9% |
| Deferred charges and accrued income | 490/1 | €5,373 | €6,978 | +€1,605 | +29.9% |
| Total equity and liabilities | 10/49 | €3,289,162 | €4,737,313 | +€1.4m | +44.0% |
| Equity | 10/15 | €3,234,741 | €3,441,276 | +€206,535 | +6.4% |
| Contributions | 10/11 | €62,000 | €74,400 | +€12,400 | +20.0% |
| Capital | 10 | €62,000 | €74,400 | +€12,400 | +20.0% |
| Issued capital | 100 | €62,000 | €80,600 | +€18,600 | +30.0% |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €285,500 | €384,825 | +€99,325 | +34.8% |
| Non-distributable reserves | 130/1 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Legal reserve | 130 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Distributable reserves | 133 | €279,300 | €376,765 | +€97,465 | +34.9% |
| Profit (loss) carried forward | 14 | €2,887,241 | €2,982,051 | +€94,810 | +3.3% |
| Amounts payable | 17/49 | €54,421 | €1,296,036 | +€1.2m | +2281.5% |
| Amounts payable after more than one year | 17 | - | €1,130,385 | +€1.1m | |
| Financial debts | 170/4 | - | €1,130,385 | +€1.1m | |
| Amounts payable within one year | 42/48 | €54,380 | €161,076 | +€106,696 | +196.2% |
| Current portion of amounts payable after more than one year | 42 | - | €69,155 | +€69,155 | |
| Trade debts | 44 | €1,694 | €1,036 | -€658 | -38.8% |
| Suppliers | 440/4 | €1,694 | €1,036 | -€658 | -38.8% |
| Taxes, remuneration and social security | 45 | €7,341 | €58,816 | +€51,476 | +701.3% |
| Taxes | 450/3 | €7,341 | €58,816 | +€51,476 | +701.3% |
| Other amounts payable | 47/48 | €45,345 | €32,068 | -€13,277 | -29.3% |
| Accrued charges and deferred income | 492/3 | €42 | €4,575 | +€4,534 | +10906.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,027 | €93,061 | +€72,033 | +342.6% |
| Other operating charges | 640/8 | €69,692 | €68,364 | -€1,328 | -1.9% |
| Gross operating margin | 9900 | €7,006 | €112,887 | +€105,881 | +1511.2% |
| Operating profit (loss) | 9901 | -€83,713 | -€48,537 | +€35,176 | +42.0% |
| Financial income | 75/76B | €140,705 | €278,664 | +€137,959 | +98.0% |
| Recurring financial income | 75 | €140,705 | €278,664 | +€137,959 | +98.0% |
| Financial charges | 65/66B | -€3,566 | €51,384 | +€54,951 | |
| Recurring financial charges | 65 | -€3,566 | €51,384 | +€54,951 | |
| Profit (loss) for the period before taxes | 9903 | €60,558 | €178,742 | +€118,184 | +195.2% |
| Income taxes | 67/77 | €16,180 | €57,824 | +€41,643 | +257.4% |
| Profit (loss) for the period | 9904 | €44,378 | €120,919 | +€76,540 | +172.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,378 | €120,919 | +€76,540 | +172.5% |
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 10 October 2026 via checked.be.