Universal Rubber Manufacturing: 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.
What changed
Universal Rubber Manufacturing
NACE 22.120, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€386,935
2024 · €421,000-€34,064
Equity
€1.1m
2024 · €909,343+€186,935
Cash
€287,124
2024 · €311,822-€24,698
Balance sheet total
€2.3m
2024 · €2.2m+€47,147
Largest movements
Assets
- Receivables within one year +€110,442
up €110,442 (+14.7%), from €752,130 to €862,572
of which Other amounts receivable: +€73,040
- Cash -€24,698
down €24,698 (-7.9%), from €311,822 to €287,124
mainly Other debts (-€244,500) and Contributions, distributions and other (-€200,000)
Equity and liabilities
- Other debts -€244,500
down €244,500 (-55.0%), from €444,500 to €200,000
- Trade debts +€233,019
up €233,019 (+42.8%), from €544,589 to €777,608
- Reserves +€186,935
up €186,935 (+35.0%), from €534,343 to €721,278
of which Distributable reserves: +€186,935
- Current portion of long-term debt -€110,181
down €110,181 (-53.0%), from €207,735 to €97,554
Income statement
- Gross operating margin -€49,491
down €49,491 (-3.9%), from €1.3m to €1.2m
- Taxes -€13,270
down €13,270 (-8.9%), from €148,604 to €135,334
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.
Result 2024
€421,000
Gross operating margin
-€49,491
Staff costs
+€5,740
Depreciation
-€4,008
Write-downs
+€10,620
Other operating charges
+€4,384
Financial income
-€8,031
Financial charges
-€6,549
Taxes
+€13,270
Result 2025
€386,935
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€317,513
Investment
-€14,476
Financing
-€327,735
Cash 2024
€311,822
From operations (derived)
+€317,513
Net result for the year
+€386,935
Depreciation
+€28,448
Stocks and contracts
+€19,976
Receivables within one year
-€110,442
Deferred charges and accrued income
+€4,649
Trade debts
+€233,019
Tax, wage and social debts
+€428
Other debts
-€244,500
Accrued charges and deferred income
-€1,000
Investment (derived)
-€14,476
Investment in fixed assets (net)
-€14,476
Financing
-€327,735
Debts after one year
-€17,554
Current portion of long-term debt
-€110,181
Contributions, distributions and other
-€200,000
Cash 2025
€287,124
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,233,966 | €2,281,113 | +€47,147 | +2.1% |
| Fixed assets | 21/28 | €164,027 | €150,055 | -€13,972 | -8.5% |
| Tangible fixed assets | 22/27 | €127,062 | €113,090 | -€13,972 | -11.0% |
| Plant, machinery and equipment | 23 | €116,533 | €103,771 | -€12,763 | -11.0% |
| Furniture and vehicles | 24 | €10,529 | €9,320 | -€1,209 | -11.5% |
| Financial fixed assets | 28 | €36,965 | €36,965 | = | 0.0% |
| Current assets | 29/58 | €2,069,940 | €2,131,059 | +€61,119 | +3.0% |
| Stocks and contracts in progress | 3 | €851,064 | €831,088 | -€19,976 | -2.3% |
| Stocks | 30/36 | €851,064 | €831,088 | -€19,976 | -2.3% |
| Amounts receivable within one year | 40/41 | €752,130 | €862,572 | +€110,442 | +14.7% |
| Trade receivables | 40 | €618,194 | €655,596 | +€37,402 | +6.1% |
| Other amounts receivable | 41 | €133,936 | €206,976 | +€73,040 | +54.5% |
| Cash at bank and in hand | 54/58 | €311,822 | €287,124 | -€24,698 | -7.9% |
| Deferred charges and accrued income | 490/1 | €154,924 | €150,275 | -€4,649 | -3.0% |
| Total equity and liabilities | 10/49 | €2,233,966 | €2,281,113 | +€47,147 | +2.1% |
| Equity | 10/15 | €909,343 | €1,096,278 | +€186,935 | +20.6% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €534,343 | €721,278 | +€186,935 | +35.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €496,843 | €683,778 | +€186,935 | +37.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,324,624 | €1,184,835 | -€139,788 | -10.6% |
| Amounts payable after more than one year | 17 | €17,554 | €0 | -€17,554 | -100% |
| Financial debts | 170/4 | €17,554 | €0 | -€17,554 | -100% |
| Amounts payable within one year | 42/48 | €1,306,069 | €1,184,835 | -€121,234 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €207,735 | €97,554 | -€110,181 | -53.0% |
| Trade debts | 44 | €544,589 | €777,608 | +€233,019 | +42.8% |
| Suppliers | 440/4 | €544,589 | €777,608 | +€233,019 | +42.8% |
| Taxes, remuneration and social security | 45 | €109,245 | €109,673 | +€428 | +0.4% |
| Taxes | 450/3 | €43,821 | €52,599 | +€8,778 | +20.0% |
| Remuneration and social security | 454/9 | €65,424 | €57,074 | -€8,350 | -12.8% |
| Other amounts payable | 47/48 | €444,500 | €200,000 | -€244,500 | -55.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €647,438 | €641,699 | -€5,740 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,441 | €28,448 | +€4,008 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,620 | €0 | -€10,620 | -100% |
| Other operating charges | 640/8 | €13,545 | €9,161 | -€4,384 | -32.4% |
| Gross operating margin | 9900 | €1,271,629 | €1,222,138 | -€49,491 | -3.9% |
| Operating profit (loss) | 9901 | €575,586 | €542,831 | -€32,755 | -5.7% |
| Financial income | 75/76B | €37,369 | €29,338 | -€8,031 | -21.5% |
| Recurring financial income | 75 | €37,369 | €29,338 | -€8,031 | -21.5% |
| Financial charges | 65/66B | €43,351 | €49,900 | +€6,549 | +15.1% |
| Recurring financial charges | 65 | €43,351 | €49,900 | +€6,549 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €569,604 | €522,269 | -€47,335 | -8.3% |
| Income taxes | 67/77 | €148,604 | €135,334 | -€13,270 | -8.9% |
| Profit (loss) for the period | 9904 | €421,000 | €386,935 | -€34,064 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €421,000 | €386,935 | -€34,064 | -8.1% |
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 18 October 2026 via checked.be.