UZEL: 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.
UZEL
Largest movements
- Receivables within one year +€33,837
up €33,837 (+123.3%), from €27,445 to €61,282
of which Other amounts receivable: +€20,272
- Cash +€2,979
up €2,979 (+30.6%), from €9,722 to €12,701
mainly Tax, wage and social debts (+€33,139) and Net result for the year (+€29,114)
- Tangible fixed assets -€1,071
down €1,071 (-29.9%), from €3,583 to €2,513
of which Plant, machinery and equipment: -€990
- Tax, wage and social debts +€33,139
up €33,139 (+363.3%), from €9,122 to €42,262
of which Remuneration and social security: +€37,145
- Profit (loss) carried forward +€29,114
up €29,114, from -€18,667 to €10,447
- Trade debts -€14,491
down €14,491 (-89.6%), from €16,179 to €1,687
- Debts after one year -€12,000
no longer reported in 2025 (was €12,000)
- Other debts +€2,891
new in 2025: €2,891
- Gross operating margin +€74,152
up €74,152 (+162.7%), from €45,564 to €119,715
- Staff costs +€51,295
up €51,295 (+181.0%), from €28,336 to €79,631
- Taxes +€3,866
up €3,866 (+83.2%), from €4,648 to €8,513
- Other operating charges -€1,461
down €1,461 (-64.5%), from €2,265 to €803
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 | €43,271 | €79,017 | +€35,746 | +82.6% |
| Fixed assets | 21/28 | €6,104 | €5,034 | -€1,071 | -17.5% |
| Tangible fixed assets | 22/27 | €3,583 | €2,513 | -€1,071 | -29.9% |
| Plant, machinery and equipment | 23 | €3,203 | €2,213 | -€990 | -30.9% |
| Furniture and vehicles | 24 | €380 | €300 | -€81 | -21.2% |
| Financial fixed assets | 28 | €2,521 | €2,521 | = | 0.0% |
| Current assets | 29/58 | €37,167 | €73,983 | +€36,816 | +99.1% |
| Amounts receivable within one year | 40/41 | €27,445 | €61,282 | +€33,837 | +123.3% |
| Trade receivables | 40 | €4,825 | €18,390 | +€13,565 | +281.1% |
| Other amounts receivable | 41 | €22,620 | €42,892 | +€20,272 | +89.6% |
| Cash at bank and in hand | 54/58 | €9,722 | €12,701 | +€2,979 | +30.6% |
| Total equity and liabilities | 10/49 | €43,271 | €79,017 | +€35,746 | +82.6% |
| Equity | 10/15 | -€7,392 | €21,722 | +€29,114 | |
| Reserves | 13 | €11,275 | €11,275 | = | 0.0% |
| Distributable reserves | 133 | €11,275 | €11,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,667 | €10,447 | +€29,114 | |
| Amounts payable | 17/49 | €50,663 | €57,295 | +€6,632 | +13.1% |
| Amounts payable after more than one year | 17 | €12,000 | - | -€12,000 | |
| Financial debts | 170/4 | €12,000 | - | -€12,000 | |
| Amounts payable within one year | 42/48 | €38,663 | €57,295 | +€18,632 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | €12,455 | €10,455 | -€2,000 | -16.1% |
| Financial debts | 43 | €907 | - | -€907 | |
| Credit institutions | 430/8 | €907 | - | -€907 | |
| Trade debts | 44 | €16,179 | €1,687 | -€14,491 | -89.6% |
| Suppliers | 440/4 | €16,179 | €1,687 | -€14,491 | -89.6% |
| Taxes, remuneration and social security | 45 | €9,122 | €42,262 | +€33,139 | +363.3% |
| Taxes | 450/3 | €5,941 | €1,934 | -€4,006 | -67.4% |
| Remuneration and social security | 454/9 | €3,182 | €40,327 | +€37,145 | +1167.5% |
| Other amounts payable | 47/48 | - | €2,891 | +€2,891 | |
| Remuneration, social security and pensions | 62 | €28,336 | €79,631 | +€51,295 | +181.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €1,071 | +€534 | +99.4% |
| Other operating charges | 640/8 | €2,265 | €803 | -€1,461 | -64.5% |
| Non-recurring operating charges | 66A | - | €51 | +€51 | |
| Gross operating margin | 9900 | €45,564 | €119,715 | +€74,152 | +162.7% |
| Operating profit (loss) | 9901 | €14,426 | €38,159 | +€23,733 | +164.5% |
| Financial income | 75/76B | €1 | €55 | +€54 | +9907.3% |
| Recurring financial income | 75 | €1 | €55 | +€54 | +9907.3% |
| Financial charges | 65/66B | €310 | €587 | +€277 | +89.4% |
| Recurring financial charges | 65 | €310 | €587 | +€277 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €14,117 | €37,627 | +€23,511 | +166.5% |
| Income taxes | 67/77 | €4,648 | €8,513 | +€3,866 | +83.2% |
| Profit (loss) for the period | 9904 | €9,469 | €29,114 | +€19,645 | +207.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,469 | €29,114 | +€19,645 | +207.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.