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UZAS: what changed

Two fiscal 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.

What changed

UZAS

BE 0798.685.132
NACE 35.140, Electricity, gas, steam and air conditioning supply
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,952
2024 · €10,188-€5,236
Equity
€25,140
2024 · €20,188+€4,952
Cash
€1,249
2024 · €8,748-€7,500
Balance sheet total
€54,980
2024 · €38,441+€16,539

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€30,162

    up €30,162 (+2117.6%), from €1,424 to €31,586

  • Cash -€7,500

    down €7,500 (-85.7%), from €8,748 to €1,249

    mainly Investment in fixed assets (net) (-€33,972) and Other debts (-€12,706)

  • Receivables within one year -€4,880

    down €4,880 (-20.5%), from €23,844 to €18,964

    of which Other amounts receivable: -€4,148

  • Stocks and contracts -€2,034

    down €2,034 (-49.7%), from €4,096 to €2,062

  • Deferred charges and accrued income +€791

    up €791 (+241.2%), from €328 to €1,119

Equity and liabilities
  • Other debts -€12,706

    down €12,706 (-84.0%), from €15,123 to €2,417

  • Trade debts +€11,408

    up €11,408 (+2027.9%), from €563 to €11,971

  • Debts after one year +€9,065

    new in 2025: €9,065

  • Profit (loss) carried forward +€4,952

    up €4,952 (+48.6%), from €10,188 to €15,140

  • Current portion of long-term debt +€2,365

    new in 2025: €2,365

Income statement
  • Gross operating margin -€6,743

    down €6,743 (-35.8%), from €18,850 to €12,107

  • Depreciation +€3,582

    up €3,582 (+1567.4%), from €229 to €3,810

  • Taxes -€870

    down €870 (-33.9%), from €2,568 to €1,698

  • Financial charges +€391

    up €391 (+445.7%), from €88 to €479

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €10,188
Gross operating margin -€6,743
Depreciation -€3,582
Other operating charges -€124
Other operating items +€4,673
Financial income +€62
Financial charges -€391
Taxes +€870
Result 2025 €4,952

Cash bridge derived

cash 2024 to 2025

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.

From operations +€15,042
Investment -€33,972
Financing +€11,430
Cash 2024 €8,748
Net result for the year +€4,952
Depreciation +€3,810
Stocks and contracts +€2,034
Receivables within one year +€4,880
Deferred charges and accrued income -€791
Trade debts +€11,408
Tax, wage and social debts +€1,455
Other debts -€12,706
Investment in fixed assets (net) -€33,972
Debts after one year +€9,065
Current portion of long-term debt +€2,365
Cash 2025 €1,249
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €38,441 €54,980 +€16,539 +43.0%
Fixed assets 21/28 €1,424 €31,586 +€30,162 +2117.6%
Tangible fixed assets 22/27 €1,424 €31,586 +€30,162 +2117.6%
Furniture and vehicles 24 €1,424 €31,586 +€30,162 +2117.6%
Current assets 29/58 €37,017 €23,394 -€13,623 -36.8%
Stocks and contracts in progress 3 €4,096 €2,062 -€2,034 -49.7%
Stocks 30/36 €4,096 €2,062 -€2,034 -49.7%
Amounts receivable within one year 40/41 €23,844 €18,964 -€4,880 -20.5%
Trade receivables 40 €19,696 €18,964 -€732 -3.7%
Other amounts receivable 41 €4,148 - -€4,148
Cash at bank and in hand 54/58 €8,748 €1,249 -€7,500 -85.7%
Deferred charges and accrued income 490/1 €328 €1,119 +€791 +241.2%
Total equity and liabilities 10/49 €38,441 €54,980 +€16,539 +43.0%
Equity 10/15 €20,188 €25,140 +€4,952 +24.5%
Contributions 10/11 €10,000 €10,000 = 0.0%
Profit (loss) carried forward 14 €10,188 €15,140 +€4,952 +48.6%
Amounts payable 17/49 €18,253 €29,840 +€11,587 +63.5%
Amounts payable after more than one year 17 - €9,065 +€9,065
Financial debts 170/4 - €9,065 +€9,065
Amounts payable within one year 42/48 €18,253 €20,776 +€2,522 +13.8%
Current portion of amounts payable after more than one year 42 - €2,365 +€2,365
Trade debts 44 €563 €11,971 +€11,408 +2027.9%
Suppliers 440/4 €563 €11,971 +€11,408 +2027.9%
Taxes, remuneration and social security 45 €2,568 €4,023 +€1,455 +56.6%
Taxes 450/3 €2,568 €4,023 +€1,455 +56.6%
Other amounts payable 47/48 €15,123 €2,417 -€12,706 -84.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €229 €3,810 +€3,582 +1567.4%
Other operating charges 640/8 €931 €1,055 +€124 +13.3%
Non-recurring operating charges 66A €4,847 €174 -€4,673 -96.4%
Gross operating margin 9900 €18,850 €12,107 -€6,743 -35.8%
Operating profit (loss) 9901 €12,844 €7,067 -€5,777 -45.0%
Financial income 75/76B - €62 +€62
Recurring financial income 75 - €62 +€62
Financial charges 65/66B €88 €479 +€391 +445.7%
Recurring financial charges 65 €88 €479 +€391 +445.7%
Profit (loss) for the period before taxes 9903 €12,756 €6,650 -€6,106 -47.9%
Income taxes 67/77 €2,568 €1,698 -€870 -33.9%
Profit (loss) for the period 9904 €10,188 €4,952 -€5,236 -51.4%
Profit (loss) for the period to be appropriated 9905 €10,188 €4,952 -€5,236 -51.4%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.