123UPLA: 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.
123UPLA
Largest movements
- Tangible fixed assets +€859,188
up €859,188 (+14.8%), from €5.8m to €6.7m
of which Leasing and similar rights: +€1.4m
- Receivables within one year +€213,359
up €213,359 (+31.8%), from €670,202 to €883,561
of which Other amounts receivable: +€131,020
- Deferred charges and accrued income +€116,681
up €116,681 (+200%), from €58,457 to €175,138
- Debts after one year +€568,782
up €568,782 (+18.1%), from €3.1m to €3.7m
of which Financial debts: +€568,782
- Current portion of long-term debt +€367,975
up €367,975 (+24.4%), from €1.5m to €1.9m
- Advances received +€158,519
up €158,519, from €0 to €158,519
- Reserves +€93,141
up €93,141 (+5.4%), from €1.7m to €1.8m
of which Distributable reserves: +€93,141
- Depreciation +€599,171
up €599,171 (+38.4%), from €1.6m to €2.2m
- Gross operating margin +€461,189
up €461,189 (+19.0%), from €2.4m to €2.9m
- Taxes -€127,518
down €127,518 (-99.7%), from €127,914 to €395
- Other operating charges +€70,575
up €70,575 (+87.4%), from €80,769 to €151,344
- Financial charges +€55,816
up €55,816 (+28.5%), from €196,043 to €251,859
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 | €6,791,010 | €7,984,039 | +€1.2m | +17.6% |
| Fixed assets | 21/28 | €5,797,613 | €6,656,802 | +€859,188 | +14.8% |
| Tangible fixed assets | 22/27 | €5,793,113 | €6,652,302 | +€859,188 | +14.8% |
| Plant, machinery and equipment | 23 | €258,656 | €164,284 | -€94,372 | -36.5% |
| Furniture and vehicles | 24 | €909,240 | €444,327 | -€464,914 | -51.1% |
| Leasing and similar rights | 25 | €4,625,217 | €6,043,691 | +€1.4m | +30.7% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €993,396 | €1,327,237 | +€333,841 | +33.6% |
| Amounts receivable within one year | 40/41 | €670,202 | €883,561 | +€213,359 | +31.8% |
| Trade receivables | 40 | €508,142 | €590,481 | +€82,339 | +16.2% |
| Other amounts receivable | 41 | €162,060 | €293,080 | +€131,020 | +80.8% |
| Cash at bank and in hand | 54/58 | €264,737 | €268,538 | +€3,801 | +1.4% |
| Deferred charges and accrued income | 490/1 | €58,457 | €175,138 | +€116,681 | +200% |
| Total equity and liabilities | 10/49 | €6,791,010 | €7,984,039 | +€1.2m | +17.6% |
| Equity | 10/15 | €1,722,986 | €1,816,127 | +€93,141 | +5.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,712,986 | €1,806,127 | +€93,141 | +5.4% |
| Non-distributable reserves | 130/1 | €196,000 | €196,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €196,000 | €196,000 | = | 0.0% |
| Distributable reserves | 133 | €1,516,986 | €1,610,127 | +€93,141 | +6.1% |
| Amounts payable | 17/49 | €5,068,024 | €6,167,912 | +€1.1m | +21.7% |
| Amounts payable after more than one year | 17 | €3,143,464 | €3,712,246 | +€568,782 | +18.1% |
| Financial debts | 170/4 | €3,143,464 | €3,712,246 | +€568,782 | +18.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,924,560 | €2,455,666 | +€531,105 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €1,506,625 | €1,874,600 | +€367,975 | +24.4% |
| Financial debts | 43 | €120,808 | €101,234 | -€19,574 | -16.2% |
| Credit institutions | 430/8 | €120,808 | €101,234 | -€19,574 | -16.2% |
| Trade debts | 44 | €193,433 | €234,840 | +€41,408 | +21.4% |
| Suppliers | 440/4 | €193,433 | €234,840 | +€41,408 | +21.4% |
| Advances received on contracts in progress | 46 | €0 | €158,519 | +€158,519 | |
| Taxes, remuneration and social security | 45 | €27,583 | €15,078 | -€12,505 | -45.3% |
| Taxes | 450/3 | €26,392 | €11,367 | -€15,025 | -56.9% |
| Remuneration and social security | 454/9 | €1,191 | €3,711 | +€2,520 | +212% |
| Other amounts payable | 47/48 | €76,112 | €71,394 | -€4,718 | -6.2% |
| Non-recurring operating income | 76A | €1,336 | €0 | -€1,336 | -100% |
| Remuneration, social security and pensions | 62 | €10,082 | €42,756 | +€32,674 | +324% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,559,499 | €2,158,671 | +€599,171 | +38.4% |
| Other operating charges | 640/8 | €80,769 | €151,344 | +€70,575 | +87.4% |
| Non-recurring operating charges | 66A | €27,775 | €198,724 | +€170,949 | +615% |
| Gross operating margin | 9900 | €2,433,382 | €2,894,571 | +€461,189 | +19.0% |
| Operating profit (loss) | 9901 | €755,257 | €343,076 | -€412,181 | -54.6% |
| Financial income | 75/76B | €9,033 | €2,319 | -€6,714 | -74.3% |
| Recurring financial income | 75 | €9,033 | €2,319 | -€6,714 | -74.3% |
| Financial charges | 65/66B | €196,043 | €251,859 | +€55,816 | +28.5% |
| Recurring financial charges | 65 | €196,043 | €251,859 | +€55,816 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €568,247 | €93,536 | -€474,711 | -83.5% |
| Income taxes | 67/77 | €127,914 | €395 | -€127,518 | -99.7% |
| Profit (loss) for the period | 9904 | €440,333 | €93,141 | -€347,192 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €440,333 | €93,141 | -€347,192 | -78.8% |
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 23 October 2026 via checked.be.