Brussels Urban Consult: what changed
Brussels Urban Consult
Largest movements
- Receivables within one year +€7,060
up €7,060 (+19.8%), from €35,646 to €42,706
of which Trade receivables: +€9,733
- Cash +€3,797
up €3,797 (+241%), from €1,577 to €5,374
mainly Net result for the year (+€22,571) and Depreciation (+€3,594)
- Tangible fixed assets -€2,465
down €2,465 (-2.9%), from €84,722 to €82,257
of which Land and buildings: -€2,126
- Profit (loss) carried forward +€22,571
up €22,571 (+254%), from €8,903 to €31,474
- Other debts -€9,879
down €9,879 (-25.8%), from €38,274 to €28,395
- Trade debts -€4,305
down €4,305 (-69.1%), from €6,227 to €1,923
- Debts after one year -€3,244
down €3,244 (-6.0%), from €54,363 to €51,119
- Tax, wage and social debts +€2,580
up €2,580 (+61.3%), from €4,205 to €6,785
- Gross operating margin +€35,343
up €35,343 (+5,291%), from €668 to €36,011
- Taxes +€6,382
up €6,382 (+1,585%), from €403 to €6,785
- Depreciation +€1,375
up €1,375 (+62.0%), from €2,219 to €3,594
- Financial charges +€557
up €557 (+27.2%), from €2,047 to €2,604
- Other operating charges -€370
down €370 (-44.7%), from €828 to €458
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,945 | €130,837 | +€7,892 | +6.4% |
| Fixed assets | 21/28 | €85,722 | €82,757 | -€2,965 | -3.5% |
| Tangible fixed assets | 22/27 | €84,722 | €82,257 | -€2,465 | -2.9% |
| Land and buildings | 22 | €78,401 | €76,275 | -€2,126 | -2.7% |
| Plant, machinery and equipment | 23 | - | €1,036 | +€1,036 | |
| Furniture and vehicles | 24 | €6,320 | €4,946 | -€1,374 | -21.7% |
| Financial fixed assets | 28 | €1,000 | €500 | -€500 | -50.0% |
| Current assets | 29/58 | €37,223 | €48,080 | +€10,857 | +29.2% |
| Amounts receivable within one year | 40/41 | €35,646 | €42,706 | +€7,060 | +19.8% |
| Trade receivables | 40 | €31,500 | €41,233 | +€9,733 | +30.9% |
| Other amounts receivable | 41 | €4,146 | €1,473 | -€2,673 | -64.5% |
| Cash at bank and in hand | 54/58 | €1,577 | €5,374 | +€3,797 | +241% |
| Total equity and liabilities | 10/49 | €122,945 | €130,837 | +€7,892 | +6.4% |
| Equity | 10/15 | €16,863 | €39,434 | +€22,571 | +134% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,760 | €1,760 | = | 0.0% |
| Distributable reserves | 133 | €1,760 | €1,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,903 | €31,474 | +€22,571 | +254% |
| Amounts payable | 17/49 | €106,082 | €91,403 | -€14,679 | -13.8% |
| Amounts payable after more than one year | 17 | €54,363 | €51,119 | -€3,244 | -6.0% |
| Financial debts | 170/4 | €54,363 | €51,119 | -€3,244 | -6.0% |
| Amounts payable within one year | 42/48 | €51,719 | €40,285 | -€11,435 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €3,013 | €3,182 | +€169 | +5.6% |
| Trade debts | 44 | €6,227 | €1,923 | -€4,305 | -69.1% |
| Suppliers | 440/4 | €6,227 | €1,923 | -€4,305 | -69.1% |
| Taxes, remuneration and social security | 45 | €4,205 | €6,785 | +€2,580 | +61.3% |
| Taxes | 450/3 | €4,205 | €6,785 | +€2,580 | +61.3% |
| Other amounts payable | 47/48 | €38,274 | €28,395 | -€9,879 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,219 | €3,594 | +€1,375 | +62.0% |
| Other operating charges | 640/8 | €828 | €458 | -€370 | -44.7% |
| Gross operating margin | 9900 | €668 | €36,011 | +€35,343 | +5,291% |
| Operating profit (loss) | 9901 | -€2,379 | €31,959 | +€34,338 | |
| Financial charges | 65/66B | €2,047 | €2,604 | +€557 | +27.2% |
| Recurring financial charges | 65 | €2,047 | €2,604 | +€557 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,426 | €29,356 | +€33,781 | |
| Income taxes | 67/77 | €403 | €6,785 | +€6,382 | +1,585% |
| Profit (loss) for the period | 9904 | -€4,828 | €22,571 | +€27,399 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,828 | €22,571 | +€27,399 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.