UVR: 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.
UVR
Largest movements
- Receivables within one year +€57,663
up €57,663 (+42.0%), from €137,178 to €194,841
of which Trade receivables: +€75,562
- Tangible fixed assets +€25,000
new in 2025: €25,000
- Stocks and contracts +€19,475
up €19,475 (+16.4%), from €118,525 to €138,000
- Cash -€16,035
down €16,035 (-66.3%), from €24,198 to €8,163
mainly Receivables within one year (-€57,663) and Investment in fixed assets (net) (-€30,000)
- Trade debts +€51,538
up €51,538 (+41.4%), from €124,482 to €176,020
- Reserves +€28,285
up €28,285 (+476%), from €5,946 to €34,231
- Tax, wage and social debts +€19,125
up €19,125 (+132%), from €14,512 to €33,637
of which Remuneration and social security: +€11,069
- Other debts -€12,290
down €12,290 (-16.1%), from €76,331 to €64,041
- Staff costs -€63,838
down €63,838 (-27.3%), from €233,887 to €170,048
- Gross operating margin -€40,298
down €40,298 (-15.6%), from €258,478 to €218,180
- Financial charges -€7,032
down €7,032 (-83.4%), from €8,431 to €1,399
- Taxes +€6,636
up €6,636 (+165%), from €4,010 to €10,646
- Depreciation +€3,603
up €3,603 (+258%), from €1,397 to €5,000
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 | €281,271 | €367,929 | +€86,657 | +30.8% |
| Fixed assets | 21/28 | - | €25,000 | +€25,000 | |
| Tangible fixed assets | 22/27 | - | €25,000 | +€25,000 | |
| Furniture and vehicles | 24 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €281,271 | €342,929 | +€61,657 | +21.9% |
| Stocks and contracts in progress | 3 | €118,525 | €138,000 | +€19,475 | +16.4% |
| Stocks | 30/36 | €118,525 | €138,000 | +€19,475 | +16.4% |
| Amounts receivable within one year | 40/41 | €137,178 | €194,841 | +€57,663 | +42.0% |
| Trade receivables | 40 | €108,705 | €184,267 | +€75,562 | +69.5% |
| Other amounts receivable | 41 | €28,473 | €10,574 | -€17,899 | -62.9% |
| Cash at bank and in hand | 54/58 | €24,198 | €8,163 | -€16,035 | -66.3% |
| Deferred charges and accrued income | 490/1 | €1,370 | €1,925 | +€556 | +40.6% |
| Total equity and liabilities | 10/49 | €281,271 | €367,929 | +€86,657 | +30.8% |
| Equity | 10/15 | €65,946 | €94,231 | +€28,285 | +42.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €5,946 | €34,231 | +€28,285 | +476% |
| Distributable reserves | 133 | €5,946 | €34,231 | +€28,285 | +476% |
| Amounts payable | 17/49 | €215,325 | €273,697 | +€58,372 | +27.1% |
| Amounts payable within one year | 42/48 | €215,325 | €273,697 | +€58,372 | +27.1% |
| Trade debts | 44 | €124,482 | €176,020 | +€51,538 | +41.4% |
| Suppliers | 440/4 | €124,482 | €176,020 | +€51,538 | +41.4% |
| Taxes, remuneration and social security | 45 | €14,512 | €33,637 | +€19,125 | +132% |
| Taxes | 450/3 | €14,512 | €22,568 | +€8,056 | +55.5% |
| Remuneration and social security | 454/9 | - | €11,069 | +€11,069 | |
| Other amounts payable | 47/48 | €76,331 | €64,041 | -€12,290 | -16.1% |
| Remuneration, social security and pensions | 62 | €233,887 | €170,048 | -€63,838 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €5,000 | +€3,603 | +258% |
| Other operating charges | 640/8 | €5,161 | €3,021 | -€2,141 | -41.5% |
| Gross operating margin | 9900 | €258,478 | €218,180 | -€40,298 | -15.6% |
| Operating profit (loss) | 9901 | €18,033 | €40,111 | +€22,078 | +122% |
| Financial income | 75/76B | €354 | €219 | -€135 | -38.2% |
| Recurring financial income | 75 | €354 | €219 | -€135 | -38.2% |
| Financial charges | 65/66B | €8,431 | €1,399 | -€7,032 | -83.4% |
| Recurring financial charges | 65 | €8,431 | €1,399 | -€7,032 | -83.4% |
| Profit (loss) for the period before taxes | 9903 | €9,956 | €38,931 | +€28,975 | +291% |
| Income taxes | 67/77 | €4,010 | €10,646 | +€6,636 | +165% |
| Profit (loss) for the period | 9904 | €5,946 | €28,285 | +€22,339 | +376% |
| Profit (loss) for the period to be appropriated | 9905 | €5,946 | €28,285 | +€22,339 | +376% |
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 13 October 2026 via checked.be.