Group Urbi: 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.
Group Urbi
Largest movements
- Current investments -€700,000
down €700,000 (-100%), from €700,000 to €0
- Cash +€436,620
up €436,620 (+1,262%), from €34,605 to €471,225
- Receivables within one year -€32,694
down €32,694 (-66.0%), from €49,514 to €16,821
of which Other amounts receivable: -€32,183
- Reserves -€244,657
down €244,657 (-9.7%), from €2.5m to €2.3m
of which Distributable reserves: -€244,657
- Financial charges +€391,709
up €391,709, from -€390,900 to €809
of which Financial charges: +€395,162
- Gross operating margin -€330,200
down €330,200 (-94.3%), from €350,122 to €19,922
- Other operating charges -€121,606
down €121,606 (-96.0%), from €126,723 to €5,118
- Write-downs +€98,142
no longer reported in 2025 (was -€98,142)
- Depreciation -€67,098
down €67,098 (-96.4%), from €69,637 to €2,538
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,802,176 | €2,536,922 | -€265,254 | -9.5% |
| Fixed assets | 21/28 | €2,010,457 | €2,026,208 | +€15,751 | +0.8% |
| Tangible fixed assets | 22/27 | €2,009,957 | €2,025,708 | +€15,751 | +0.8% |
| Land and buildings | 22 | €2,005,037 | €2,008,832 | +€3,795 | +0.2% |
| Plant, machinery and equipment | 23 | €3,150 | €3,150 | = | 0.0% |
| Furniture and vehicles | 24 | €1,770 | €13,725 | +€11,956 | +675% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €791,719 | €510,715 | -€281,005 | -35.5% |
| Amounts receivable after more than one year | 29 | €2,878 | - | -€2,878 | |
| Other amounts receivable | 291 | €2,878 | - | -€2,878 | |
| Stocks and contracts in progress | 3 | €891 | €17,952 | +€17,061 | +1,914% |
| Stocks | 30/36 | €891 | €17,952 | +€17,061 | +1,914% |
| Amounts receivable within one year | 40/41 | €49,514 | €16,821 | -€32,694 | -66.0% |
| Trade receivables | 40 | €2,605 | €2,094 | -€511 | -19.6% |
| Other amounts receivable | 41 | €46,909 | €14,727 | -€32,183 | -68.6% |
| Current investments | 50/53 | €700,000 | €0 | -€700,000 | -100% |
| Cash at bank and in hand | 54/58 | €34,605 | €471,225 | +€436,620 | +1,262% |
| Deferred charges and accrued income | 490/1 | €3,831 | €4,717 | +€886 | +23.1% |
| Total equity and liabilities | 10/49 | €2,802,176 | €2,536,922 | -€265,254 | -9.5% |
| Equity | 10/15 | €2,749,292 | €2,504,635 | -€244,657 | -8.9% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €2,524,292 | €2,279,635 | -€244,657 | -9.7% |
| Non-distributable reserves | 130/1 | €22,500 | €22,500 | = | 0.0% |
| Legal reserve | 130 | €22,500 | €22,500 | = | 0.0% |
| Distributable reserves | 133 | €2,501,792 | €2,257,135 | -€244,657 | -9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,884 | €32,287 | -€20,597 | -38.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €52,858 | €32,287 | -€20,570 | -38.9% |
| Trade debts | 44 | €3,347 | €3,744 | +€397 | +11.9% |
| Suppliers | 440/4 | €3,347 | €3,744 | +€397 | +11.9% |
| Taxes, remuneration and social security | 45 | €3,179 | €22 | -€3,157 | -99.3% |
| Taxes | 450/3 | €3,179 | €22 | -€3,157 | -99.3% |
| Other amounts payable | 47/48 | €46,332 | €28,522 | -€17,810 | -38.4% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Non-recurring operating income | 76A | €316,559 | - | -€316,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,637 | €2,538 | -€67,098 | -96.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€98,142 | - | +€98,142 | |
| Other operating charges | 640/8 | €126,723 | €5,118 | -€121,606 | -96.0% |
| Non-recurring operating charges | 66A | €402,158 | - | -€402,158 | |
| Gross operating margin | 9900 | €350,122 | €19,922 | -€330,200 | -94.3% |
| Operating profit (loss) | 9901 | -€150,255 | €12,266 | +€162,521 | |
| Financial income | 75/76B | €69,492 | €16,754 | -€52,738 | -75.9% |
| Recurring financial income | 75 | €69,492 | €16,754 | -€52,738 | -75.9% |
| Financial charges | 65/66B | -€390,900 | €809 | +€391,709 | |
| Recurring financial charges | 65 | -€394,353 | €809 | +€395,162 | |
| Non-recurring financial charges | 66B | €3,453 | - | -€3,453 | |
| Profit (loss) for the period before taxes | 9903 | €310,137 | €28,211 | -€281,926 | -90.9% |
| Income taxes | 67/77 | €314 | €290 | -€24 | -7.7% |
| Profit (loss) for the period | 9904 | €309,823 | €27,922 | -€281,902 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €309,823 | €27,922 | -€281,902 | -91.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.