UNIVERSTONE: 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
UNIVERSTONE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €337,814+€1.4m
Equity
€23.7m
2024 · €22.0m+€1.7m
Cash
€568,002
2024 · €581,018-€13,016
Balance sheet total
€23.8m
2024 · €22.0m+€1.7m
Largest movements
Assets
- Current investments +€2.5m
up €2.5m (+71.4%), from €3.5m to €6.0m
- Financial fixed assets -€786,189
down €786,189 (-4.4%), from €17.8m to €17.1m
Equity and liabilities
- Profit (loss) carried forward +€1.7m
up €1.7m (+8.0%), from €21.4m to €23.1m
Income statement
- Financial income +€726,476
up €726,476 (+72.2%), from €1.0m to €1.7m
- Gross operating margin +€411,064
up €411,064, from -€100,716 to €310,348
- Financial charges +€157,544
up €157,544 (+98.5%), from €159,939 to €317,483
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
€337,814
Gross operating margin
+€411,064
Depreciation
+€1,556
Other operating charges
+€66
Other operating items
+€400,000
Financial income
+€726,476
Financial charges
-€157,544
Taxes
-€5
Result 2025
€1.7m
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.7m
Investment
-€1.7m
Financing
€0
Cash 2024
€581,018
From operations (derived)
+€1.7m
Net result for the year
+€1.7m
Depreciation
+€4,310
Receivables within one year
-€28,276
Deferred charges and accrued income
-€4,114
Trade debts
+€11,750
Tax, wage and social debts
+€35,869
Other debts
-€35,512
Investment (derived)
-€1.7m
Investment in fixed assets (net)
+€783,530
Current investments
-€2.5m
Cash 2025
€568,002
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,036,365 | €23,767,899 | +€1.7m | +7.9% |
| Fixed assets | 21/28 | €17,850,925 | €17,063,085 | -€787,840 | -4.4% |
| Tangible fixed assets | 22/27 | €13,881 | €12,230 | -€1,651 | -11.9% |
| Plant, machinery and equipment | 23 | - | €2,609 | +€2,609 | |
| Furniture and vehicles | 24 | €13,881 | €9,621 | -€4,260 | -30.7% |
| Financial fixed assets | 28 | €17,837,044 | €17,050,855 | -€786,189 | -4.4% |
| Current assets | 29/58 | €4,185,440 | €6,704,814 | +€2.5m | +60.2% |
| Amounts receivable within one year | 40/41 | €102,802 | €131,078 | +€28,276 | +27.5% |
| Trade receivables | 40 | €54,450 | €57,108 | +€2,658 | +4.9% |
| Other amounts receivable | 41 | €48,352 | €73,970 | +€25,618 | +53.0% |
| Current investments | 50/53 | €3,500,000 | €6,000,000 | +€2.5m | +71.4% |
| Cash at bank and in hand | 54/58 | €581,018 | €568,002 | -€13,016 | -2.2% |
| Deferred charges and accrued income | 490/1 | €1,620 | €5,734 | +€4,114 | +254% |
| Total equity and liabilities | 10/49 | €22,036,365 | €23,767,899 | +€1.7m | +7.9% |
| Equity | 10/15 | €21,972,982 | €23,692,409 | +€1.7m | +7.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,422,982 | €23,142,409 | +€1.7m | +8.0% |
| Amounts payable | 17/49 | €63,383 | €75,490 | +€12,107 | +19.1% |
| Amounts payable within one year | 42/48 | €63,383 | €75,490 | +€12,107 | +19.1% |
| Trade debts | 44 | €3,897 | €15,647 | +€11,750 | +302% |
| Suppliers | 440/4 | €3,897 | €15,647 | +€11,750 | +302% |
| Taxes, remuneration and social security | 45 | - | €35,869 | +€35,869 | |
| Taxes | 450/3 | - | €35,869 | +€35,869 | |
| Other amounts payable | 47/48 | €59,486 | €23,974 | -€35,512 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,866 | €4,310 | -€1,556 | -26.5% |
| Other operating charges | 640/8 | €1,189 | €1,123 | -€66 | -5.6% |
| Non-recurring operating charges | 66A | €400,000 | - | -€400,000 | |
| Gross operating margin | 9900 | -€100,716 | €310,348 | +€411,064 | |
| Operating profit (loss) | 9901 | -€507,771 | €304,915 | +€812,686 | |
| Financial income | 75/76B | €1,005,684 | €1,732,160 | +€726,476 | +72.2% |
| Recurring financial income | 75 | €1,005,684 | €1,732,160 | +€726,476 | +72.2% |
| Financial charges | 65/66B | €159,939 | €317,483 | +€157,544 | +98.5% |
| Recurring financial charges | 65 | €159,939 | €317,483 | +€157,544 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | €337,974 | €1,719,592 | +€1.4m | +409% |
| Income taxes | 67/77 | €160 | €165 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | €337,814 | €1,719,427 | +€1.4m | +409% |
| Profit (loss) for the period to be appropriated | 9905 | €337,814 | €1,719,427 | +€1.4m | +409% |
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 21 October 2026 via checked.be.