UZAM: 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.
UZAM
Largest movements
- Stocks and contracts +€143,211
up €143,211 (+128.5%), from €111,415 to €254,626
- Receivables within one year -€110,990
down €110,990 (-95.0%), from €116,893 to €5,903
of which Trade receivables: -€110,990
- Cash +€5,584
up €5,584 (+142.6%), from €3,915 to €9,499
mainly Receivables within one year (+€110,990) and Tax, wage and social debts (+€50,301)
- Tangible fixed assets +€5,254
new in 2025: €5,254
- Tax, wage and social debts +€50,301
up €50,301 (+68.6%), from €73,372 to €123,673
of which Remuneration and social security: +€44,266
- Trade debts -€40,162
down €40,162 (-33.3%), from €120,754 to €80,592
- Other debts +€21,471
up €21,471 (+100.5%), from €21,364 to €42,835
- Profit (loss) carried forward +€11,449
up €11,449 (+54.8%), from €20,873 to €32,322
- Turnover +€366,280
up €366,280 (+64.8%), from €564,982 to €931,262
- Purchases and services +€318,009
up €318,009 (+63.9%), from €497,997 to €816,006
- Gross operating margin +€43,860
up €43,860 (+55.5%), from €79,072 to €122,932
- Staff costs +€24,368
up €24,368 (+35.0%), from €69,562 to €93,931
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.
Cash bridge derived
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 | €256,823 | €299,882 | +€43,058 | +16.8% |
| Fixed assets | 21/28 | €24,600 | €29,854 | +€5,254 | +21.4% |
| Tangible fixed assets | 22/27 | - | €5,254 | +€5,254 | |
| Furniture and vehicles | 24 | - | €5,254 | +€5,254 | |
| Financial fixed assets | 28 | €24,600 | €24,600 | = | 0.0% |
| Current assets | 29/58 | €232,223 | €270,028 | +€37,805 | +16.3% |
| Stocks and contracts in progress | 3 | €111,415 | €254,626 | +€143,211 | +128.5% |
| Stocks | 30/36 | €111,415 | €254,626 | +€143,211 | +128.5% |
| Amounts receivable within one year | 40/41 | €116,893 | €5,903 | -€110,990 | -95.0% |
| Trade receivables | 40 | €116,876 | €5,887 | -€110,990 | -95.0% |
| Other amounts receivable | 41 | €16 | €16 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,915 | €9,499 | +€5,584 | +142.6% |
| Total equity and liabilities | 10/49 | €256,823 | €299,882 | +€43,058 | +16.8% |
| Equity | 10/15 | €41,333 | €52,782 | +€11,449 | +27.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,873 | €32,322 | +€11,449 | +54.8% |
| Amounts payable | 17/49 | €215,490 | €247,100 | +€31,610 | +14.7% |
| Amounts payable within one year | 42/48 | €215,490 | €247,100 | +€31,610 | +14.7% |
| Trade debts | 44 | €120,754 | €80,592 | -€40,162 | -33.3% |
| Suppliers | 440/4 | €120,754 | €80,592 | -€40,162 | -33.3% |
| Taxes, remuneration and social security | 45 | €73,372 | €123,673 | +€50,301 | +68.6% |
| Taxes | 450/3 | €7,576 | €13,611 | +€6,035 | +79.7% |
| Remuneration and social security | 454/9 | €65,796 | €110,062 | +€44,266 | +67.3% |
| Other amounts payable | 47/48 | €21,364 | €42,835 | +€21,471 | +100.5% |
| Turnover | 70 | €564,982 | €931,262 | +€366,280 | +64.8% |
| Non-recurring operating income | 76A | €545 | - | -€545 | |
| Goods, raw materials, services and sundry goods | 60/61 | €497,997 | €816,006 | +€318,009 | +63.9% |
| Remuneration, social security and pensions | 62 | €69,562 | €93,931 | +€24,368 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €746 | +€746 | |
| Other operating charges | 640/8 | €2,093 | €3,588 | +€1,496 | +71.5% |
| Gross operating margin | 9900 | €79,072 | €122,932 | +€43,860 | +55.5% |
| Operating profit (loss) | 9901 | €7,417 | €24,667 | +€17,250 | +232.6% |
| Financial charges | 65/66B | €4,775 | €5,924 | +€1,149 | +24.1% |
| Recurring financial charges | 65 | €4,775 | €5,924 | +€1,149 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €2,642 | €18,743 | +€16,100 | +609.3% |
| Income taxes | 67/77 | €1,279 | €7,294 | +€6,015 | +470.2% |
| Profit (loss) for the period | 9904 | €1,363 | €11,449 | +€10,085 | +739.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,363 | €11,449 | +€10,085 | +739.8% |
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 11 October 2026 via checked.be.