UVO: 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.
UVO
Largest movements
- Receivables within one year +€238,060
up €238,060 (+197%), from €121,000 to €359,060
of which Other amounts receivable: +€359,060
- Tangible fixed assets -€45,886
down €45,886 (-1.4%), from €3.2m to €3.1m
- Other debts +€166,820
up €166,820 (+634%), from €26,316 to €193,136
- Reserves +€41,281
up €41,281 (+175%), from €23,550 to €64,831
of which Distributable reserves: +€41,281
- Gross operating margin -€515,916
down €515,916 (-82.5%), from €625,161 to €109,245
- Taxes -€137,716
down €137,716 (-90.9%), from €151,476 to €13,760
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,393,684 | €3,577,979 | +€184,294 | +5.4% |
| Fixed assets | 21/28 | €3,214,860 | €3,168,975 | -€45,886 | -1.4% |
| Tangible fixed assets | 22/27 | €3,184,110 | €3,138,225 | -€45,886 | -1.4% |
| Land and buildings | 22 | €3,184,110 | €3,138,225 | -€45,886 | -1.4% |
| Financial fixed assets | 28 | €30,750 | €30,750 | = | 0.0% |
| Current assets | 29/58 | €178,824 | €409,004 | +€230,180 | +129% |
| Amounts receivable within one year | 40/41 | €121,000 | €359,060 | +€238,060 | +197% |
| Trade receivables | 40 | €121,000 | - | -€121,000 | |
| Other amounts receivable | 41 | - | €359,060 | +€359,060 | |
| Cash at bank and in hand | 54/58 | €57,824 | €49,944 | -€7,880 | -13.6% |
| Total equity and liabilities | 10/49 | €3,393,684 | €3,577,979 | +€184,294 | +5.4% |
| Equity | 10/15 | €2,946,410 | €2,987,691 | +€41,281 | +1.4% |
| Contributions | 10/11 | €235,499 | €235,499 | = | 0.0% |
| Capital | 10 | €235,499 | €235,499 | = | 0.0% |
| Issued capital | 100 | €235,499 | €235,499 | = | 0.0% |
| Revaluation surpluses | 12 | €2,687,362 | €2,687,362 | = | 0.0% |
| Reserves | 13 | €23,550 | €64,831 | +€41,281 | +175% |
| Non-distributable reserves | 130/1 | €23,550 | €23,550 | = | 0.0% |
| Legal reserve | 130 | €23,550 | €23,550 | = | 0.0% |
| Distributable reserves | 133 | - | €41,281 | +€41,281 | |
| Amounts payable | 17/49 | €447,274 | €590,288 | +€143,014 | +32.0% |
| Amounts payable after more than one year | 17 | €233,543 | €202,509 | -€31,035 | -13.3% |
| Financial debts | 170/4 | €230,172 | €199,138 | -€31,035 | -13.5% |
| Other amounts payable | 178/9 | €3,371 | €3,371 | = | 0.0% |
| Amounts payable within one year | 42/48 | €213,731 | €387,779 | +€174,048 | +81.4% |
| Current portion of amounts payable after more than one year | 42 | €31,035 | €31,035 | = | 0.0% |
| Trade debts | 44 | €1,405 | €11,359 | +€9,954 | +709% |
| Suppliers | 440/4 | €1,405 | €11,359 | +€9,954 | +709% |
| Taxes, remuneration and social security | 45 | €154,976 | €152,250 | -€2,726 | -1.8% |
| Taxes | 450/3 | €154,976 | €152,250 | -€2,726 | -1.8% |
| Other amounts payable | 47/48 | €26,316 | €193,136 | +€166,820 | +634% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,890 | €45,886 | -€4 | 0.0% |
| Other operating charges | 640/8 | €109 | €118 | +€9 | +8.3% |
| Gross operating margin | 9900 | €625,161 | €109,245 | -€515,916 | -82.5% |
| Operating profit (loss) | 9901 | €579,162 | €63,241 | -€515,921 | -89.1% |
| Financial charges | 65/66B | €11,571 | €8,200 | -€3,371 | -29.1% |
| Recurring financial charges | 65 | €11,571 | €8,200 | -€3,371 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €567,591 | €55,041 | -€512,550 | -90.3% |
| Income taxes | 67/77 | €151,476 | €13,760 | -€137,716 | -90.9% |
| Profit (loss) for the period | 9904 | €416,115 | €41,281 | -€374,834 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €416,115 | €41,281 | -€374,834 | -90.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.