VP-UNICO: 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.
VP-UNICO
Largest movements
- Cash +€132,585
up €132,585 (+306%), from €43,347 to €175,932
mainly Current investments (+€60,701) and Net result for the year (+€46,205)
- Current investments -€60,701
down €60,701 (-15.9%), from €382,611 to €321,910
- Receivables within one year -€24,059
down €24,059 (-60.7%), from €39,643 to €15,584
of which Other amounts receivable: -€13,944
- Tangible fixed assets -€21,005
down €21,005 (-4.0%), from €530,393 to €509,388
of which Land and buildings: -€19,214
- Debts after one year -€71,952
down €71,952 (-43.6%), from €164,907 to €92,955
- Reserves +€46,205
up €46,205 (+6.0%), from €775,923 to €822,129
of which Distributable reserves: +€130,405
- Current portion of long-term debt +€36,500
new in 2025: €36,500
- Accrued charges and deferred income +€14,688
up €14,688 (+87.2%), from €16,850 to €31,538
- Other operating charges -€121,394
down €121,394 (-96.1%), from €126,372 to €4,979
- Gross operating margin +€17,720
up €17,720 (+25.8%), from €68,813 to €86,533
- Provisions +€14,000
up €14,000 (+87.5%), from -€16,000 to -€2,000
- Financial income -€10,109
down €10,109 (-65.3%), from €15,469 to €5,360
- Taxes +€9,066
up €9,066 (+132%), from €6,860 to €15,926
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 | €996,008 | €1,025,076 | +€29,067 | +2.9% |
| Fixed assets | 21/28 | €530,393 | €509,388 | -€21,005 | -4.0% |
| Tangible fixed assets | 22/27 | €530,393 | €509,388 | -€21,005 | -4.0% |
| Land and buildings | 22 | €524,055 | €504,841 | -€19,214 | -3.7% |
| Plant, machinery and equipment | 23 | €2,194 | €1,484 | -€710 | -32.4% |
| Furniture and vehicles | 24 | €815 | - | -€815 | |
| Other tangible fixed assets | 26 | €3,329 | €3,064 | -€266 | -8.0% |
| Current assets | 29/58 | €465,615 | €515,688 | +€50,072 | +10.8% |
| Amounts receivable within one year | 40/41 | €39,643 | €15,584 | -€24,059 | -60.7% |
| Trade receivables | 40 | €25,474 | €15,358 | -€10,116 | -39.7% |
| Other amounts receivable | 41 | €14,170 | €226 | -€13,944 | -98.4% |
| Current investments | 50/53 | €382,611 | €321,910 | -€60,701 | -15.9% |
| Cash at bank and in hand | 54/58 | €43,347 | €175,932 | +€132,585 | +306% |
| Deferred charges and accrued income | 490/1 | €14 | €2,261 | +€2,248 | +16,430% |
| Total equity and liabilities | 10/49 | €996,008 | €1,025,076 | +€29,067 | +2.9% |
| Equity | 10/15 | €794,523 | €840,729 | +€46,205 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €775,923 | €822,129 | +€46,205 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | - | -€84,200 | |
| Distributable reserves | 133 | €689,863 | €820,269 | +€130,405 | +18.9% |
| Provisions and deferred taxes | 16 | €16,000 | €14,000 | -€2,000 | -12.5% |
| Provisions for liabilities and charges | 160/5 | €16,000 | €14,000 | -€2,000 | -12.5% |
| Environmental obligations | 163 | €16,000 | €14,000 | -€2,000 | -12.5% |
| Amounts payable | 17/49 | €185,485 | €170,347 | -€15,138 | -8.2% |
| Amounts payable after more than one year | 17 | €164,907 | €92,955 | -€71,952 | -43.6% |
| Financial debts | 170/4 | €164,907 | €92,955 | -€71,952 | -43.6% |
| Amounts payable within one year | 42/48 | €3,728 | €45,854 | +€42,126 | +1,130% |
| Current portion of amounts payable after more than one year | 42 | - | €36,500 | +€36,500 | |
| Trade debts | 44 | €2,865 | €2,350 | -€515 | -18.0% |
| Suppliers | 440/4 | €2,865 | €2,350 | -€515 | -18.0% |
| Taxes, remuneration and social security | 45 | €864 | €7,004 | +€6,140 | +711% |
| Taxes | 450/3 | €731 | €6,930 | +€6,199 | +848% |
| Remuneration and social security | 454/9 | €133 | €74 | -€59 | -44.4% |
| Accrued charges and deferred income | 492/3 | €16,850 | €31,538 | +€14,688 | +87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,009 | €21,005 | -€1,004 | -4.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,000 | -€2,000 | +€14,000 | +87.5% |
| Other operating charges | 640/8 | €126,372 | €4,979 | -€121,394 | -96.1% |
| Gross operating margin | 9900 | €68,813 | €86,533 | +€17,720 | +25.8% |
| Operating profit (loss) | 9901 | -€63,569 | €62,549 | +€126,118 | |
| Financial income | 75/76B | €15,469 | €5,360 | -€10,109 | -65.3% |
| Recurring financial income | 75 | €15,469 | €5,360 | -€10,109 | -65.3% |
| Financial charges | 65/66B | €8,301 | €5,778 | -€2,523 | -30.4% |
| Recurring financial charges | 65 | €8,301 | €5,778 | -€2,523 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€56,401 | €62,131 | +€118,532 | |
| Income taxes | 67/77 | €6,860 | €15,926 | +€9,066 | +132% |
| Profit (loss) for the period | 9904 | -€63,261 | €46,205 | +€109,466 | |
| Transfer from tax-exempt reserves | 789 | €130,150 | €84,200 | -€45,950 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,889 | €130,405 | +€63,516 | +95.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.