UVA: 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.
UVA
Largest movements
- Tangible fixed assets -€9,729
down €9,729 (-31.0%), from €31,434 to €21,705
of which Other tangible fixed assets: -€8,897
- Stocks and contracts +€5,369
up €5,369 (+4.9%), from €110,211 to €115,581
- Trade debts +€16,798
up €16,798 (+48.9%), from €34,333 to €51,131
- Debts after one year -€15,785
down €15,785 (-31.9%), from €49,450 to €33,666
- Reserves -€3,819
down €3,819 (-12.4%), from €30,888 to €27,069
- Short-term financial debts -€3,136
down €3,136 (-4.4%), from €71,357 to €68,221
- Current portion of long-term debt +€2,511
up €2,511 (+13.8%), from €18,162 to €20,673
- Other operating charges -€4,626
down €4,626 (-30.4%), from €15,231 to €10,605
- Taxes -€2,159
down €2,159, from €499 to -€1,660
- Financial charges +€2,082
up €2,082 (+28.3%), from €7,370 to €9,453
- Staff costs -€887
down €887 (-8.5%), from €10,458 to €9,571
- Financial income +€484
new in 2025: €484
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 | €223,586 | €216,842 | -€6,744 | -3.0% |
| Fixed assets | 21/28 | €35,014 | €25,285 | -€9,729 | -27.8% |
| Tangible fixed assets | 22/27 | €31,434 | €21,705 | -€9,729 | -31.0% |
| Furniture and vehicles | 24 | €1,946 | €1,113 | -€833 | -42.8% |
| Other tangible fixed assets | 26 | €29,488 | €20,591 | -€8,897 | -30.2% |
| Financial fixed assets | 28 | €3,580 | €3,580 | = | 0.0% |
| Current assets | 29/58 | €188,572 | €191,558 | +€2,986 | +1.6% |
| Stocks and contracts in progress | 3 | €110,211 | €115,581 | +€5,369 | +4.9% |
| Stocks | 30/36 | €110,211 | €115,581 | +€5,369 | +4.9% |
| Amounts receivable within one year | 40/41 | €71,017 | €69,513 | -€1,504 | -2.1% |
| Trade receivables | 40 | €70,866 | €53,600 | -€17,267 | -24.4% |
| Other amounts receivable | 41 | €151 | €15,913 | +€15,762 | +10,448% |
| Cash at bank and in hand | 54/58 | €7,344 | €5,628 | -€1,716 | -23.4% |
| Deferred charges and accrued income | 490/1 | - | €836 | +€836 | |
| Total equity and liabilities | 10/49 | €223,586 | €216,842 | -€6,744 | -3.0% |
| Equity | 10/15 | €37,088 | €33,269 | -€3,819 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,888 | €27,069 | -€3,819 | -12.4% |
| Distributable reserves | 133 | €30,888 | €27,069 | -€3,819 | -12.4% |
| Amounts payable | 17/49 | €186,498 | €183,573 | -€2,925 | -1.6% |
| Amounts payable after more than one year | 17 | €49,450 | €33,666 | -€15,785 | -31.9% |
| Financial debts | 170/4 | €49,450 | €33,666 | -€15,785 | -31.9% |
| Amounts payable within one year | 42/48 | €137,048 | €149,908 | +€12,860 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €18,162 | €20,673 | +€2,511 | +13.8% |
| Financial debts | 43 | €71,357 | €68,221 | -€3,136 | -4.4% |
| Credit institutions | 430/8 | €71,357 | €68,221 | -€3,136 | -4.4% |
| Trade debts | 44 | €34,333 | €51,131 | +€16,798 | +48.9% |
| Suppliers | 440/4 | €34,333 | €51,131 | +€16,798 | +48.9% |
| Advances received on contracts in progress | 46 | €1,715 | €0 | -€1,715 | -100% |
| Taxes, remuneration and social security | 45 | €8,274 | €8,939 | +€666 | +8.0% |
| Taxes | 450/3 | €5,596 | €4,704 | -€892 | -15.9% |
| Remuneration and social security | 454/9 | €2,678 | €4,236 | +€1,558 | +58.2% |
| Other amounts payable | 47/48 | €3,206 | €943 | -€2,264 | -70.6% |
| Non-recurring operating income | 76A | - | €5,557 | +€5,557 | |
| Remuneration, social security and pensions | 62 | €10,458 | €9,571 | -€887 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,035 | €9,729 | -€306 | -3.0% |
| Other operating charges | 640/8 | €15,231 | €10,605 | -€4,626 | -30.4% |
| Gross operating margin | 9900 | €33,788 | €33,396 | -€392 | -1.2% |
| Operating profit (loss) | 9901 | -€1,937 | €3,490 | +€5,427 | |
| Financial income | 75/76B | - | €484 | +€484 | |
| Recurring financial income | 75 | - | €484 | +€484 | |
| Financial charges | 65/66B | €7,370 | €9,453 | +€2,082 | +28.3% |
| Recurring financial charges | 65 | €7,370 | €9,453 | +€2,082 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,307 | -€5,479 | +€3,828 | +41.1% |
| Income taxes | 67/77 | €499 | -€1,660 | -€2,159 | |
| Profit (loss) for the period | 9904 | -€9,806 | -€3,819 | +€5,987 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,806 | -€3,819 | +€5,987 | +61.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.