UROFAT: 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.
UROFAT
Largest movements
- Receivables within one year -€325,090
down €325,090 (-69.9%), from €464,763 to €139,673
of which Trade receivables: -€350,045
- Cash +€315,293
up €315,293 (+163%), from €193,129 to €508,423
mainly Receivables within one year (+€325,090) and Net result for the year (+€206,762)
- Current investments -€82,682
down €82,682 (-13.8%), from €599,000 to €516,318
- Tangible fixed assets -€19,900
down €19,900 (-25.8%), from €77,166 to €57,266
of which Furniture and vehicles: -€19,027
- Profit (loss) carried forward -€102,926
down €102,926 (-33.3%), from €308,855 to €205,929
- Gross operating margin -€155,605
down €155,605 (-35.0%), from €445,120 to €289,515
- Taxes -€34,232
down €34,232 (-35.1%), from €97,393 to €63,161
- Financial income +€23,928
up €23,928 (+1,770%), from €1,352 to €25,280
- Financial charges +€5,436
up €5,436 (+32.2%), from €16,892 to €22,328
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 | €1,336,364 | €1,235,627 | -€100,737 | -7.5% |
| Fixed assets | 21/28 | €77,166 | €57,266 | -€19,900 | -25.8% |
| Tangible fixed assets | 22/27 | €77,166 | €57,266 | -€19,900 | -25.8% |
| Plant, machinery and equipment | 23 | €7,237 | €6,364 | -€873 | -12.1% |
| Furniture and vehicles | 24 | €69,930 | €50,902 | -€19,027 | -27.2% |
| Current assets | 29/58 | €1,259,198 | €1,178,361 | -€80,837 | -6.4% |
| Amounts receivable within one year | 40/41 | €464,763 | €139,673 | -€325,090 | -69.9% |
| Trade receivables | 40 | €362,439 | €12,395 | -€350,045 | -96.6% |
| Other amounts receivable | 41 | €102,324 | €127,279 | +€24,954 | +24.4% |
| Current investments | 50/53 | €599,000 | €516,318 | -€82,682 | -13.8% |
| Cash at bank and in hand | 54/58 | €193,129 | €508,423 | +€315,293 | +163% |
| Deferred charges and accrued income | 490/1 | €2,305 | €13,947 | +€11,642 | +505% |
| Total equity and liabilities | 10/49 | €1,336,364 | €1,235,627 | -€100,737 | -7.5% |
| Equity | 10/15 | €310,855 | €207,929 | -€102,926 | -33.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,855 | €205,929 | -€102,926 | -33.3% |
| Amounts payable | 17/49 | €1,025,509 | €1,027,698 | +€2,189 | +0.2% |
| Amounts payable within one year | 42/48 | €1,025,509 | €1,026,484 | +€975 | +0.1% |
| Financial debts | 43 | €358 | €435 | +€77 | +21.4% |
| Credit institutions | 430/8 | €358 | €435 | +€77 | +21.4% |
| Trade debts | 44 | €3,157 | €2,659 | -€498 | -15.8% |
| Suppliers | 440/4 | €3,157 | €2,659 | -€498 | -15.8% |
| Taxes, remuneration and social security | 45 | €4,738 | €11,483 | +€6,745 | +142% |
| Taxes | 450/3 | €4,738 | €11,483 | +€6,745 | +142% |
| Other amounts payable | 47/48 | €1,017,256 | €1,011,907 | -€5,349 | -0.5% |
| Accrued charges and deferred income | 492/3 | - | €1,213 | +€1,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,990 | €20,999 | +€9 | 0.0% |
| Other operating charges | 640/8 | €1,483 | €1,545 | +€62 | +4.2% |
| Gross operating margin | 9900 | €445,120 | €289,515 | -€155,605 | -35.0% |
| Operating profit (loss) | 9901 | €422,647 | €266,971 | -€155,676 | -36.8% |
| Financial income | 75/76B | €1,352 | €25,280 | +€23,928 | +1,770% |
| Recurring financial income | 75 | €1,352 | €25,280 | +€23,928 | +1,770% |
| Financial charges | 65/66B | €16,892 | €22,328 | +€5,436 | +32.2% |
| Recurring financial charges | 65 | €16,892 | €22,328 | +€5,436 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €407,107 | €269,923 | -€137,184 | -33.7% |
| Income taxes | 67/77 | €97,393 | €63,161 | -€34,232 | -35.1% |
| Profit (loss) for the period | 9904 | €309,714 | €206,762 | -€102,952 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €309,714 | €206,762 | -€102,952 | -33.2% |
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.