UWT: 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.
UWT
Largest movements
- Receivables within one year +€62,299
up €62,299 (+59.6%), from €104,529 to €166,827
of which Other amounts receivable: +€64,373
- Cash -€11,923
down €11,923 (-99.8%), from €11,952 to €29
mainly Receivables within one year (-€62,299) and Trade debts (-€48,016)
- Tangible fixed assets -€7,203
down €7,203 (-30.2%), from €23,885 to €16,681
of which Furniture and vehicles: -€6,422
- Deferred charges and accrued income -€4,443
down €4,443 (-72.5%), from €6,129 to €1,687
- Trade debts -€48,016
down €48,016 (-91.7%), from €52,375 to €4,359
- Reserves +€47,299
up €47,299 (+426%), from €11,092 to €58,391
- Tax, wage and social debts +€39,447
up €39,447 (+482%), from €8,189 to €47,636
of which Taxes: +€28,421
- Gross operating margin +€41,929
up €41,929 (+42.2%), from €99,457 to €141,386
- Taxes +€20,907
up €20,907 (+383%), from €5,456 to €26,363
- Depreciation -€18,746
down €18,746 (-73.4%), from €25,524 to €6,778
- Financial charges +€7,507
up €7,507 (+178%), from €4,213 to €11,720
- Staff costs +€2,638
up €2,638 (+5.9%), from €44,843 to €47,481
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 | €146,494 | €185,225 | +€38,730 | +26.4% |
| Fixed assets | 21/28 | €23,885 | €16,681 | -€7,203 | -30.2% |
| Tangible fixed assets | 22/27 | €23,885 | €16,681 | -€7,203 | -30.2% |
| Plant, machinery and equipment | 23 | €3,120 | €2,338 | -€782 | -25.1% |
| Furniture and vehicles | 24 | €20,765 | €14,343 | -€6,422 | -30.9% |
| Current assets | 29/58 | €122,610 | €168,543 | +€45,933 | +37.5% |
| Amounts receivable within one year | 40/41 | €104,529 | €166,827 | +€62,299 | +59.6% |
| Trade receivables | 40 | €65,254 | €63,179 | -€2,075 | -3.2% |
| Other amounts receivable | 41 | €39,275 | €103,648 | +€64,373 | +164% |
| Cash at bank and in hand | 54/58 | €11,952 | €29 | -€11,923 | -99.8% |
| Deferred charges and accrued income | 490/1 | €6,129 | €1,687 | -€4,443 | -72.5% |
| Total equity and liabilities | 10/49 | €146,494 | €185,225 | +€38,730 | +26.4% |
| Equity | 10/15 | €85,931 | €133,229 | +€47,299 | +55.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €11,092 | €58,391 | +€47,299 | +426% |
| Distributable reserves | 133 | €11,092 | €58,391 | +€47,299 | +426% |
| Profit (loss) carried forward | 14 | €72,338 | €72,338 | = | 0.0% |
| Amounts payable | 17/49 | €60,564 | €51,995 | -€8,569 | -14.1% |
| Amounts payable within one year | 42/48 | €60,564 | €51,995 | -€8,569 | -14.1% |
| Trade debts | 44 | €52,375 | €4,359 | -€48,016 | -91.7% |
| Suppliers | 440/4 | €52,375 | €4,359 | -€48,016 | -91.7% |
| Taxes, remuneration and social security | 45 | €8,189 | €47,636 | +€39,447 | +482% |
| Taxes | 450/3 | €8,189 | €36,610 | +€28,421 | +347% |
| Remuneration and social security | 454/9 | - | €11,026 | +€11,026 | |
| Non-recurring operating income | 76A | €55,262 | €6,338 | -€48,924 | -88.5% |
| Remuneration, social security and pensions | 62 | €44,843 | €47,481 | +€2,638 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,524 | €6,778 | -€18,746 | -73.4% |
| Other operating charges | 640/8 | €2,012 | €4,617 | +€2,606 | +130% |
| Non-recurring operating charges | 66A | €7,294 | €594 | -€6,700 | -91.9% |
| Gross operating margin | 9900 | €99,457 | €141,386 | +€41,929 | +42.2% |
| Operating profit (loss) | 9901 | €19,784 | €81,916 | +€62,132 | +314% |
| Financial income | 75/76B | €977 | €3,465 | +€2,488 | +255% |
| Recurring financial income | 75 | €977 | €3,465 | +€2,488 | +255% |
| Financial charges | 65/66B | €4,213 | €11,720 | +€7,507 | +178% |
| Recurring financial charges | 65 | €4,213 | €11,720 | +€7,507 | +178% |
| Profit (loss) for the period before taxes | 9903 | €16,548 | €73,661 | +€57,113 | +345% |
| Income taxes | 67/77 | €5,456 | €26,363 | +€20,907 | +383% |
| Profit (loss) for the period | 9904 | €11,092 | €47,299 | +€36,206 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €11,092 | €47,299 | +€36,206 | +326% |
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 24 October 2026 via checked.be.