UNIVEST: 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
UNIVEST
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€52,324
2024 · -€6,259-€46,065
Equity
-€207,404
2024 · -€155,081-€52,324
Cash
€90,336
2024 · €116,244-€25,909
Balance sheet total
€5.2m
2024 · €4.2m+€984,744
Largest movements
Assets
- Tangible fixed assets +€1.0m
up €1.0m (+25.2%), from €4.0m to €5.1m
Equity and liabilities
- Debts after one year +€978,167
up €978,167 (+23.9%), from €4.1m to €5.1m
of which Financial debts: +€979,037
- Profit (loss) carried forward -€52,324
down €52,324 (-21.9%), from -€239,081 to -€291,404
Income statement
- Provisions +€45,000
up €45,000, from -€45,000 to €0
- Depreciation +€42,251
up €42,251 (+15.9%), from €265,547 to €307,798
- Gross operating margin +€23,369
up €23,369 (+6.3%), from €368,537 to €391,906
- Financial charges +€21,360
up €21,360 (+24.6%), from €86,780 to €108,140
- Other operating charges +€5,751
up €5,751 (+25.3%), from €22,768 to €28,520
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
-€6,259
Gross operating margin
+€23,369
Depreciation
-€42,251
Provisions
-€45,000
Other operating charges
-€5,751
Other operating items
+€45,000
Financial income
-€71
Financial charges
-€21,360
Result 2025
-€52,324
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
+€278,450
Investment
-€1.3m
Financing
+€1.0m
Cash 2024
€116,244
From operations (derived)
+€278,450
Net result for the year
-€52,324
Depreciation
+€307,798
Receivables within one year
+€7,869
Smaller working-capital items
-€328
Trade debts
+€10,419
Tax, wage and social debts
+€5,015
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€1.0m
Debts after one year
+€978,167
Current portion of long-term debt
+€42,031
Cash 2025
€90,336
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,165,829 | €5,150,573 | +€984,744 | +23.6% |
| Fixed assets | 21/28 | €4,034,553 | €5,051,311 | +€1.0m | +25.2% |
| Tangible fixed assets | 22/27 | €4,034,553 | €5,051,311 | +€1.0m | +25.2% |
| Land and buildings | 22 | €4,034,553 | €5,051,311 | +€1.0m | +25.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €131,276 | €99,262 | -€32,014 | -24.4% |
| Amounts receivable within one year | 40/41 | €11,163 | €3,294 | -€7,869 | -70.5% |
| Trade receivables | 40 | €11,093 | €3,225 | -€7,868 | -70.9% |
| Other amounts receivable | 41 | €70 | €68 | -€1 | -1.9% |
| Cash at bank and in hand | 54/58 | €116,244 | €90,336 | -€25,909 | -22.3% |
| Deferred charges and accrued income | 490/1 | €3,869 | €5,633 | +€1,764 | +45.6% |
| Total equity and liabilities | 10/49 | €4,165,829 | €5,150,573 | +€984,744 | +23.6% |
| Equity | 10/15 | -€155,081 | -€207,404 | -€52,324 | -33.7% |
| Contributions | 10/11 | €84,000 | €84,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,081 | -€291,404 | -€52,324 | -21.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €4,320,910 | €5,357,977 | +€1.0m | +24.0% |
| Amounts payable after more than one year | 17 | €4,098,093 | €5,076,259 | +€978,167 | +23.9% |
| Financial debts | 170/4 | €4,070,670 | €5,049,706 | +€979,037 | +24.1% |
| Other amounts payable | 178/9 | €27,423 | €26,553 | -€870 | -3.2% |
| Amounts payable within one year | 42/48 | €214,963 | €272,700 | +€57,737 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €189,650 | €231,680 | +€42,031 | +22.2% |
| Trade debts | 44 | €11,072 | €21,491 | +€10,419 | +94.1% |
| Suppliers | 440/4 | €11,072 | €21,491 | +€10,419 | +94.1% |
| Taxes, remuneration and social security | 45 | €9,589 | €14,604 | +€5,015 | +52.3% |
| Taxes | 450/3 | €9,589 | €14,604 | +€5,015 | +52.3% |
| Other amounts payable | 47/48 | €4,652 | €4,924 | +€272 | +5.8% |
| Accrued charges and deferred income | 492/3 | €7,854 | €9,019 | +€1,164 | +14.8% |
| Non-recurring operating income | 76A | €18,850 | €36,415 | +€17,565 | +93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,547 | €307,798 | +€42,251 | +15.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€45,000 | €0 | +€45,000 | |
| Other operating charges | 640/8 | €22,768 | €28,520 | +€5,751 | +25.3% |
| Non-recurring operating charges | 66A | €45,000 | €0 | -€45,000 | -100% |
| Gross operating margin | 9900 | €368,537 | €391,906 | +€23,369 | +6.3% |
| Operating profit (loss) | 9901 | €80,221 | €55,588 | -€24,634 | -30.7% |
| Financial income | 75/76B | €299 | €228 | -€71 | -23.8% |
| Recurring financial income | 75 | €299 | €228 | -€71 | -23.8% |
| Financial charges | 65/66B | €86,780 | €108,140 | +€21,360 | +24.6% |
| Recurring financial charges | 65 | €86,780 | €108,140 | +€21,360 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,259 | -€52,324 | -€46,065 | -736% |
| Profit (loss) for the period | 9904 | -€6,259 | -€52,324 | -€46,065 | -736% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,259 | -€52,324 | -€46,065 | -736% |
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 26 October 2026 via checked.be.