UVACO: what changed
What changed
UVACO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€45,435
2024 · -€9,268-€36,167
Equity
€2.6m
2024 · €2.7m-€45,435
Cash
€55,847
2024 · €34,193+€21,654
Balance sheet total
€3.8m
2024 · €3.8m-€23,981
Largest movements
Assets
- Receivables within one year -€69,088
down €69,088 (-92.5%), from €74,665 to €5,577
Equity and liabilities
- Profit (loss) carried forward -€45,435
down €45,435 (-8.9%), from €508,444 to €463,010
Income statement
- Gross operating margin -€19,273
down €19,273 (-25.2%), from €76,625 to €57,352
- Financial charges +€13,670
up €13,670 (+21.7%), from €62,946 to €76,616
- Depreciation +€2,999
up €2,999 (+17.4%), from €17,190 to €20,188
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€9,268
Gross operating margin
-€19,273
Depreciation
-€2,999
Other operating charges
+€93
Financial income
-€10
Financial charges
-€13,670
Taxes
-€309
Result 2025
-€45,435
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€83,125
Investment
-€44,795
Financing
-€16,677
Cash 2024
€34,193
From operations (derived)
+€83,125
Net result for the year
-€45,435
Depreciation
+€20,188
Receivables within one year
+€69,088
Deferred charges and accrued income
+€1,153
Trade debts
-€2,506
Tax, wage and social debts
+€279
Advances received
-€1,604
Other debts
+€28,315
Accrued charges and deferred income
+€13,647
Investment (derived)
-€44,795
Investment in fixed assets (net)
-€44,795
Financing
-€16,677
Short-term financial debts
-€16,677
Cash 2025
€55,847
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,781,061 | €3,757,081 | -€23,981 | -0.6% |
| Fixed assets | 21/28 | €3,661,850 | €3,686,457 | +€24,607 | +0.7% |
| Tangible fixed assets | 22/27 | €373,914 | €398,520 | +€24,607 | +6.6% |
| Land and buildings | 22 | €361,304 | €345,573 | -€15,731 | -4.4% |
| Plant, machinery and equipment | 23 | - | €3,684 | +€3,684 | |
| Furniture and vehicles | 24 | €3,470 | €40,506 | +€37,036 | +1,067% |
| Other tangible fixed assets | 26 | €9,139 | €8,756 | -€383 | -4.2% |
| Financial fixed assets | 28 | €3,287,937 | €3,287,937 | = | 0.0% |
| Current assets | 29/58 | €119,211 | €70,624 | -€48,587 | -40.8% |
| Amounts receivable within one year | 40/41 | €74,665 | €5,577 | -€69,088 | -92.5% |
| Other amounts receivable | 41 | €74,665 | €5,577 | -€69,088 | -92.5% |
| Cash at bank and in hand | 54/58 | €34,193 | €55,847 | +€21,654 | +63.3% |
| Deferred charges and accrued income | 490/1 | €10,353 | €9,199 | -€1,153 | -11.1% |
| Total equity and liabilities | 10/49 | €3,781,061 | €3,757,081 | -€23,981 | -0.6% |
| Equity | 10/15 | €2,687,802 | €2,642,367 | -€45,435 | -1.7% |
| Contributions | 10/11 | €625,000 | €625,000 | = | 0.0% |
| Reserves | 13 | €1,554,357 | €1,554,357 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62,500 | €62,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €62,500 | €62,500 | = | 0.0% |
| Distributable reserves | 133 | €1,491,857 | €1,491,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | €508,444 | €463,010 | -€45,435 | -8.9% |
| Amounts payable | 17/49 | €1,093,260 | €1,114,714 | +€21,454 | +2.0% |
| Amounts payable after more than one year | 17 | €105,000 | €105,000 | = | 0.0% |
| Financial debts | 170/4 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €924,534 | €932,342 | +€7,807 | +0.8% |
| Financial debts | 43 | €16,677 | - | -€16,677 | |
| Credit institutions | 430/8 | €16,677 | - | -€16,677 | |
| Trade debts | 44 | €8,157 | €5,652 | -€2,506 | -30.7% |
| Suppliers | 440/4 | €8,157 | €5,652 | -€2,506 | -30.7% |
| Advances received on contracts in progress | 46 | €8,420 | €6,815 | -€1,604 | -19.1% |
| Taxes, remuneration and social security | 45 | €4,986 | €5,264 | +€279 | +5.6% |
| Taxes | 450/3 | €4,986 | €5,264 | +€279 | +5.6% |
| Other amounts payable | 47/48 | €886,295 | €914,610 | +€28,315 | +3.2% |
| Accrued charges and deferred income | 492/3 | €63,725 | €77,372 | +€13,647 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,190 | €20,188 | +€2,999 | +17.4% |
| Other operating charges | 640/8 | €5,429 | €5,336 | -€93 | -1.7% |
| Gross operating margin | 9900 | €76,625 | €57,352 | -€19,273 | -25.2% |
| Operating profit (loss) | 9901 | €54,006 | €31,828 | -€22,178 | -41.1% |
| Financial income | 75/76B | €10 | €0 | -€10 | -95.4% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -95.4% |
| Financial charges | 65/66B | €62,946 | €76,616 | +€13,670 | +21.7% |
| Recurring financial charges | 65 | €62,946 | €76,616 | +€13,670 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,930 | -€44,788 | -€35,858 | -402% |
| Income taxes | 67/77 | €338 | €647 | +€309 | +91.6% |
| Profit (loss) for the period | 9904 | -€9,268 | -€45,435 | -€36,167 | -390% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,268 | -€45,435 | -€36,167 | -390% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 1 April 2024 and 1 April 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.