UNLU: 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.
UNLU
Largest movements
- Stocks and contracts -€66,039
down €66,039 (-15.9%), from €414,921 to €348,882
- Tangible fixed assets +€53,798
up €53,798 (+386.7%), from €13,911 to €67,709
of which Furniture and vehicles: +€53,885
- Receivables within one year +€27,418
up €27,418 (+32.4%), from €84,595 to €112,013
of which Other amounts receivable: +€15,336
- Cash +€10,232
up €10,232 (+56.3%), from €18,186 to €28,418
mainly Stocks and contracts (+€66,039) and Other debts (+€17,030)
- Other debts +€17,030
up €17,030 (+15.1%), from €112,733 to €129,763
- Profit (loss) carried forward +€7,937
up €7,937 (+1.0%), from -€781,605 to -€773,668
- Tax, wage and social debts +€6,647
up €6,647 (+18.9%), from €35,119 to €41,765
of which Remuneration and social security: +€6,048
- Gross operating margin +€53,882
up €53,882 (+309.1%), from €17,431 to €71,313
- Staff costs +€15,004
up €15,004 (+40.5%), from €37,036 to €52,041
- Depreciation +€4,036
up €4,036 (+147.0%), from €2,745 to €6,781
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 | €551,395 | €577,754 | +€26,359 | +4.8% |
| Fixed assets | 21/28 | €31,811 | €85,609 | +€53,798 | +169.1% |
| Tangible fixed assets | 22/27 | €13,911 | €67,709 | +€53,798 | +386.7% |
| Plant, machinery and equipment | 23 | €869 | €782 | -€87 | -10.0% |
| Furniture and vehicles | 24 | €13,042 | €66,927 | +€53,885 | +413.2% |
| Financial fixed assets | 28 | €17,900 | €17,900 | = | 0.0% |
| Current assets | 29/58 | €519,584 | €492,144 | -€27,440 | -5.3% |
| Stocks and contracts in progress | 3 | €414,921 | €348,882 | -€66,039 | -15.9% |
| Stocks | 30/36 | €414,921 | €348,882 | -€66,039 | -15.9% |
| Amounts receivable within one year | 40/41 | €84,595 | €112,013 | +€27,418 | +32.4% |
| Trade receivables | 40 | €78,730 | €90,813 | +€12,083 | +15.3% |
| Other amounts receivable | 41 | €5,865 | €21,201 | +€15,336 | +261.5% |
| Cash at bank and in hand | 54/58 | €18,186 | €28,418 | +€10,232 | +56.3% |
| Deferred charges and accrued income | 490/1 | €1,882 | €2,831 | +€950 | +50.5% |
| Total equity and liabilities | 10/49 | €551,395 | €577,754 | +€26,359 | +4.8% |
| Equity | 10/15 | €353,804 | €361,741 | +€7,937 | +2.2% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €35,409 | €35,409 | = | 0.0% |
| Distributable reserves | 133 | €35,409 | €35,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€781,605 | -€773,668 | +€7,937 | +1.0% |
| Amounts payable | 17/49 | €197,591 | €216,012 | +€18,422 | +9.3% |
| Amounts payable within one year | 42/48 | €197,408 | €215,821 | +€18,413 | +9.3% |
| Trade debts | 44 | €35,859 | €30,596 | -€5,263 | -14.7% |
| Suppliers | 440/4 | €35,859 | €30,596 | -€5,263 | -14.7% |
| Advances received on contracts in progress | 46 | €13,697 | €13,697 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €35,119 | €41,765 | +€6,647 | +18.9% |
| Taxes | 450/3 | €23,952 | €24,551 | +€599 | +2.5% |
| Remuneration and social security | 454/9 | €11,166 | €17,214 | +€6,048 | +54.2% |
| Other amounts payable | 47/48 | €112,733 | €129,763 | +€17,030 | +15.1% |
| Accrued charges and deferred income | 492/3 | €183 | €191 | +€9 | +4.7% |
| Non-recurring operating income | 76A | - | €331 | +€331 | |
| Remuneration, social security and pensions | 62 | €37,036 | €52,041 | +€15,004 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €6,781 | +€4,036 | +147.0% |
| Other operating charges | 640/8 | €2,089 | €2,180 | +€91 | +4.4% |
| Non-recurring operating charges | 66A | - | €187 | +€187 | |
| Gross operating margin | 9900 | €17,431 | €71,313 | +€53,882 | +309.1% |
| Operating profit (loss) | 9901 | -€24,439 | €10,124 | +€34,564 | |
| Financial income | 75/76B | €2,641 | €2,007 | -€634 | -24.0% |
| Recurring financial income | 75 | €2,641 | €2,007 | -€634 | -24.0% |
| Financial charges | 65/66B | €3,547 | €3,853 | +€306 | +8.6% |
| Recurring financial charges | 65 | €3,547 | €3,853 | +€306 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,345 | €8,278 | +€33,623 | |
| Income taxes | 67/77 | €193 | €341 | +€148 | +76.5% |
| Profit (loss) for the period | 9904 | -€25,539 | €7,937 | +€33,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,539 | €7,937 | +€33,475 |
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.