UNIVERSEM: 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.
UNIVERSEM
Largest movements
- Cash -€140,897
down €140,897 (-24.3%), from €580,223 to €439,327
mainly Net result for the year (-€88,224) and Accrued charges and deferred income (-€74,276)
- Receivables within one year -€106,986
down €106,986 (-16.0%), from €667,966 to €560,980
of which Trade receivables: -€107,094
- Profit (loss) carried forward -€88,224
down €88,224 (-70.0%), from €126,078 to €37,854
- Accrued charges and deferred income -€74,276
down €74,276 (-35.5%), from €209,297 to €135,021
- Trade debts -€67,494
down €67,494 (-24.8%), from €272,039 to €204,545
- Gross operating margin -€235,766
down €235,766 (-18.4%), from €1.3m to €1.0m
- Staff costs -€107,218
down €107,218 (-9.0%), from €1.2m to €1.1m
- Taxes -€20,412
down €20,412 (-89.4%), from €22,836 to €2,424
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 | €1,652,862 | €1,422,105 | -€230,758 | -14.0% |
| Fixed assets | 21/28 | €21,955 | €26,222 | +€4,266 | +19.4% |
| Tangible fixed assets | 22/27 | €21,595 | €25,862 | +€4,266 | +19.8% |
| Furniture and vehicles | 24 | €19,476 | €24,017 | +€4,541 | +23.3% |
| Other tangible fixed assets | 26 | €2,119 | €1,844 | -€275 | -13.0% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €1,630,907 | €1,395,883 | -€235,024 | -14.4% |
| Amounts receivable within one year | 40/41 | €667,966 | €560,980 | -€106,986 | -16.0% |
| Trade receivables | 40 | €659,233 | €552,139 | -€107,094 | -16.2% |
| Other amounts receivable | 41 | €8,733 | €8,841 | +€107 | +1.2% |
| Current investments | 50/53 | €321,409 | €321,409 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €580,223 | €439,327 | -€140,897 | -24.3% |
| Deferred charges and accrued income | 490/1 | €61,308 | €74,167 | +€12,859 | +21.0% |
| Total equity and liabilities | 10/49 | €1,652,862 | €1,422,105 | -€230,758 | -14.0% |
| Equity | 10/15 | €967,627 | €879,403 | -€88,224 | -9.1% |
| Contributions | 10/11 | €9,350 | €9,350 | = | 0.0% |
| Reserves | 13 | €832,199 | €832,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €323,269 | €323,269 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €321,409 | €321,409 | = | 0.0% |
| Tax-exempt reserves | 132 | €445,780 | €370,000 | -€75,780 | -17.0% |
| Distributable reserves | 133 | €63,150 | €138,930 | +€75,780 | +120.0% |
| Profit (loss) carried forward | 14 | €126,078 | €37,854 | -€88,224 | -70.0% |
| Amounts payable | 17/49 | €685,235 | €542,702 | -€142,533 | -20.8% |
| Amounts payable within one year | 42/48 | €475,938 | €407,681 | -€68,257 | -14.3% |
| Trade debts | 44 | €272,039 | €204,545 | -€67,494 | -24.8% |
| Suppliers | 440/4 | €272,039 | €204,545 | -€67,494 | -24.8% |
| Taxes, remuneration and social security | 45 | €203,899 | €203,136 | -€763 | -0.4% |
| Taxes | 450/3 | €68,378 | €60,846 | -€7,532 | -11.0% |
| Remuneration and social security | 454/9 | €135,522 | €142,290 | +€6,768 | +5.0% |
| Accrued charges and deferred income | 492/3 | €209,297 | €135,021 | -€74,276 | -35.5% |
| Remuneration, social security and pensions | 62 | €1,189,893 | €1,082,675 | -€107,218 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,176 | €10,747 | -€1,429 | -11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,083 | €12,000 | -€9,083 | -43.1% |
| Other operating charges | 640/8 | €15,283 | €21,037 | +€5,754 | +37.6% |
| Gross operating margin | 9900 | €1,279,187 | €1,043,421 | -€235,766 | -18.4% |
| Operating profit (loss) | 9901 | €40,751 | -€83,038 | -€123,790 | |
| Financial income | 75/76B | €2,736 | €5,273 | +€2,537 | +92.7% |
| Recurring financial income | 75 | €2,736 | €5,273 | +€2,537 | +92.7% |
| Financial charges | 65/66B | €9,821 | €8,035 | -€1,786 | -18.2% |
| Recurring financial charges | 65 | €9,821 | €8,035 | -€1,786 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €33,666 | -€85,800 | -€119,467 | |
| Income taxes | 67/77 | €22,836 | €2,424 | -€20,412 | -89.4% |
| Profit (loss) for the period | 9904 | €10,830 | -€88,224 | -€99,055 | |
| Transfer from tax-exempt reserves | 789 | €63,150 | €75,780 | +€12,630 | +20.0% |
| Transfer to tax-exempt reserves | 689 | €67,318 | - | -€67,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,662 | -€12,444 | -€19,107 |
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.