UNOTEQ: 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.
UNOTEQ
Largest movements
- Tangible fixed assets +€222,634
up €222,634 (+55.7%), from €399,858 to €622,492
of which Land and buildings: +€199,797
- Cash -€39,676
down €39,676 (-29.0%), from €136,920 to €97,244
mainly Investment in fixed assets (net) (-€241,789) and Contributions, distributions and other (-€17,647)
- Receivables within one year -€16,148
down €16,148 (-27.2%), from €59,418 to €43,270
of which Other amounts receivable: -€24,435
- Profit (loss) carried forward +€117,666
up €117,666 (+62.9%), from €186,926 to €304,593
- Reserves +€25,000
up €25,000 (+20.8%), from €120,000 to €145,000
- Debts after one year +€15,682
up €15,682 (+6.6%), from €237,200 to €252,883
- Other debts +€15,000
new in 2025: €15,000
- Trade debts -€12,910
down €12,910 (-83.2%), from €15,517 to €2,608
- Gross operating margin +€26,068
up €26,068 (+11.9%), from €219,497 to €245,564
- Depreciation +€9,657
up €9,657 (+102%), from €9,498 to €19,155
- Taxes +€4,593
up €4,593 (+9.4%), from €48,762 to €53,355
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €597,311 | €763,474 | +€166,164 | +27.8% |
| Fixed assets | 21/28 | €399,858 | €622,492 | +€222,634 | +55.7% |
| Tangible fixed assets | 22/27 | €399,858 | €622,492 | +€222,634 | +55.7% |
| Land and buildings | 22 | €388,524 | €588,321 | +€199,797 | +51.4% |
| Plant, machinery and equipment | 23 | €339 | €971 | +€631 | +186% |
| Furniture and vehicles | 24 | €10,995 | €33,201 | +€22,206 | +202% |
| Current assets | 29/58 | €197,452 | €140,982 | -€56,470 | -28.6% |
| Amounts receivable within one year | 40/41 | €59,418 | €43,270 | -€16,148 | -27.2% |
| Trade receivables | 40 | €19,047 | €27,334 | +€8,287 | +43.5% |
| Other amounts receivable | 41 | €40,371 | €15,936 | -€24,435 | -60.5% |
| Cash at bank and in hand | 54/58 | €136,920 | €97,244 | -€39,676 | -29.0% |
| Deferred charges and accrued income | 490/1 | €1,114 | €468 | -€646 | -58.0% |
| Total equity and liabilities | 10/49 | €597,311 | €763,474 | +€166,164 | +27.8% |
| Equity | 10/15 | €309,926 | €452,593 | +€142,666 | +46.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €145,000 | +€25,000 | +20.8% |
| Distributable reserves | 133 | €120,000 | €145,000 | +€25,000 | +20.8% |
| Profit (loss) carried forward | 14 | €186,926 | €304,593 | +€117,666 | +62.9% |
| Amounts payable | 17/49 | €287,384 | €310,882 | +€23,497 | +8.2% |
| Amounts payable after more than one year | 17 | €237,200 | €252,883 | +€15,682 | +6.6% |
| Financial debts | 170/4 | €237,200 | €252,883 | +€15,682 | +6.6% |
| Amounts payable within one year | 42/48 | €50,184 | €57,999 | +€7,815 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €15,708 | €16,318 | +€609 | +3.9% |
| Trade debts | 44 | €15,517 | €2,608 | -€12,910 | -83.2% |
| Suppliers | 440/4 | €15,517 | €2,608 | -€12,910 | -83.2% |
| Taxes, remuneration and social security | 45 | €18,958 | €24,074 | +€5,116 | +27.0% |
| Taxes | 450/3 | €15,807 | €20,924 | +€5,116 | +32.4% |
| Remuneration and social security | 454/9 | €3,151 | €3,150 | -€1 | 0.0% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Non-recurring operating income | 76A | - | €14,049 | +€14,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,498 | €19,155 | +€9,657 | +102% |
| Other operating charges | 640/8 | €1,855 | €2,008 | +€153 | +8.2% |
| Gross operating margin | 9900 | €219,497 | €245,564 | +€26,068 | +11.9% |
| Operating profit (loss) | 9901 | €208,144 | €224,402 | +€16,258 | +7.8% |
| Financial income | 75/76B | €727 | €82 | -€645 | -88.8% |
| Recurring financial income | 75 | €727 | €82 | -€645 | -88.8% |
| Financial charges | 65/66B | €9,849 | €10,815 | +€966 | +9.8% |
| Recurring financial charges | 65 | €9,849 | €10,815 | +€966 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €199,022 | €213,668 | +€14,646 | +7.4% |
| Income taxes | 67/77 | €48,762 | €53,355 | +€4,593 | +9.4% |
| Profit (loss) for the period | 9904 | €150,260 | €160,313 | +€10,053 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €150,260 | €160,313 | +€10,053 | +6.7% |
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 20 October 2026 via checked.be.