UVOTec: 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.
UVOTec
Largest movements
- Receivables within one year -€507,309
down €507,309 (-41.0%), from €1.2m to €728,572
of which Trade receivables: -€495,095
- Stocks and contracts +€81,075
up €81,075 (+853%), from €9,503 to €90,577
of which Contracts in progress: +€82,500
- Tangible fixed assets -€30,416
down €30,416 (-30.2%), from €100,642 to €70,226
of which Leasing and similar rights: -€23,096
- Trade debts -€500,558
down €500,558 (-45.1%), from €1.1m to €609,537
- Debts after one year -€31,940
down €31,940 (-56.2%), from €56,804 to €24,864
- Accrued charges and deferred income +€31,288
new in 2025: €31,288
- Tax, wage and social debts +€22,613
up €22,613 (+95.1%), from €23,770 to €46,383
of which Taxes: +€24,689
- Gross operating margin +€31,580
up €31,580 (+23.2%), from €136,226 to €167,806
- Financial income -€18,232
down €18,232 (-46.5%), from €39,172 to €20,939
- Staff costs -€14,243
down €14,243 (-15.2%), from €93,975 to €79,731
- Taxes +€13,044
up €13,044 (+108%), from €12,133 to €25,177
- Financial charges +€6,617
up €6,617 (+48.9%), from €13,522 to €20,139
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 | €1,627,502 | €1,140,661 | -€486,841 | -29.9% |
| Fixed assets | 21/28 | €131,061 | €86,674 | -€44,388 | -33.9% |
| Intangible fixed assets | 21 | €30,419 | €16,447 | -€13,972 | -45.9% |
| Tangible fixed assets | 22/27 | €100,642 | €70,226 | -€30,416 | -30.2% |
| Plant, machinery and equipment | 23 | - | €3,119 | +€3,119 | |
| Furniture and vehicles | 24 | €8,523 | €4,396 | -€4,127 | -48.4% |
| Leasing and similar rights | 25 | €60,491 | €37,395 | -€23,096 | -38.2% |
| Other tangible fixed assets | 26 | €31,628 | €25,316 | -€6,312 | -20.0% |
| Current assets | 29/58 | €1,496,441 | €1,053,987 | -€442,453 | -29.6% |
| Amounts receivable after more than one year | 29 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 291 | €1,000 | - | -€1,000 | |
| Stocks and contracts in progress | 3 | €9,503 | €90,577 | +€81,075 | +853% |
| Stocks | 30/36 | €9,503 | €8,077 | -€1,425 | -15.0% |
| Contracts in progress | 37 | - | €82,500 | +€82,500 | |
| Amounts receivable within one year | 40/41 | €1,235,881 | €728,572 | -€507,309 | -41.0% |
| Trade receivables | 40 | €1,176,167 | €681,072 | -€495,095 | -42.1% |
| Other amounts receivable | 41 | €59,714 | €47,500 | -€12,214 | -20.5% |
| Cash at bank and in hand | 54/58 | €245,391 | €229,482 | -€15,909 | -6.5% |
| Deferred charges and accrued income | 490/1 | €4,665 | €5,355 | +€690 | +14.8% |
| Total equity and liabilities | 10/49 | €1,627,502 | €1,140,661 | -€486,841 | -29.9% |
| Equity | 10/15 | €387,584 | €389,869 | +€2,285 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €365,000 | €365,000 | = | 0.0% |
| Distributable reserves | 133 | €365,000 | €365,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,584 | €4,869 | +€2,285 | +88.4% |
| Amounts payable | 17/49 | €1,239,918 | €750,792 | -€489,126 | -39.4% |
| Amounts payable after more than one year | 17 | €56,804 | €24,864 | -€31,940 | -56.2% |
| Financial debts | 170/4 | €56,804 | €24,864 | -€31,940 | -56.2% |
| Amounts payable within one year | 42/48 | €1,183,114 | €694,640 | -€488,474 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €47,601 | €38,720 | -€8,881 | -18.7% |
| Trade debts | 44 | €1,110,095 | €609,537 | -€500,558 | -45.1% |
| Suppliers | 440/4 | €1,110,095 | €609,537 | -€500,558 | -45.1% |
| Taxes, remuneration and social security | 45 | €23,770 | €46,383 | +€22,613 | +95.1% |
| Taxes | 450/3 | €12,968 | €37,657 | +€24,689 | +190% |
| Remuneration and social security | 454/9 | €10,802 | €8,727 | -€2,075 | -19.2% |
| Other amounts payable | 47/48 | €1,648 | - | -€1,648 | |
| Accrued charges and deferred income | 492/3 | - | €31,288 | +€31,288 | |
| Non-recurring operating income | 76A | €3,676 | - | -€3,676 | |
| Remuneration, social security and pensions | 62 | €93,975 | €79,731 | -€14,243 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,753 | €50,669 | +€1,916 | +3.9% |
| Other operating charges | 640/8 | €5,016 | €10,743 | +€5,727 | +114% |
| Gross operating margin | 9900 | €136,226 | €167,806 | +€31,580 | +23.2% |
| Operating profit (loss) | 9901 | -€11,517 | €26,662 | +€38,179 | |
| Financial income | 75/76B | €39,172 | €20,939 | -€18,232 | -46.5% |
| Recurring financial income | 75 | €39,172 | €20,939 | -€18,232 | -46.5% |
| Financial charges | 65/66B | €13,522 | €20,139 | +€6,617 | +48.9% |
| Recurring financial charges | 65 | €13,522 | €20,139 | +€6,617 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €14,133 | €27,462 | +€13,329 | +94.3% |
| Income taxes | 67/77 | €12,133 | €25,177 | +€13,044 | +108% |
| Profit (loss) for the period | 9904 | €1,999 | €2,285 | +€286 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,999 | €2,285 | +€286 | +14.3% |
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 21 October 2026 via checked.be.