HOMEUPGRADE: 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.
HOMEUPGRADE
Largest movements
- Cash -€201,671
down €201,671 (-87.6%), from €230,232 to €28,561
mainly Receivables after one year (-€95,000) and Other debts (-€55,128)
- Receivables after one year +€95,000
new in 2025: €95,000
- Tangible fixed assets +€35,055
up €35,055, from €0 to €35,055
of which Land and buildings: +€26,667
- Receivables within one year -€27,024
down €27,024 (-45.4%), from €59,584 to €32,560
of which Other amounts receivable: -€27,024
- Other debts -€55,128
down €55,128 (-98.4%), from €56,014 to €887
- Accrued charges and deferred income -€32,408
no longer reported in 2025 (was €32,408)
- Profit (loss) carried forward -€10,205
down €10,205 (-10.2%), from €100,039 to €89,834
- Gross operating margin -€217,952
down €217,952, from €174,326 to -€43,626
- Financial income +€33,694
up €33,694 (+2,079%), from €1,621 to €35,315
- Provisions -€25,000
no longer reported in 2025 (was €25,000)
- Taxes -€22,940
no longer reported in 2025 (was €22,940)
- Financial charges -€17,219
down €17,219 (-98.0%), from €17,562 to €343
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 | €291,173 | €191,218 | -€99,955 | -34.3% |
| Fixed assets | 21/28 | €0 | €35,055 | +€35,055 | |
| Tangible fixed assets | 22/27 | €0 | €35,055 | +€35,055 | |
| Land and buildings | 22 | €0 | €26,667 | +€26,667 | |
| Other tangible fixed assets | 26 | - | €8,388 | +€8,388 | |
| Current assets | 29/58 | €291,173 | €156,162 | -€135,011 | -46.4% |
| Amounts receivable after more than one year | 29 | - | €95,000 | +€95,000 | |
| Other amounts receivable | 291 | - | €95,000 | +€95,000 | |
| Amounts receivable within one year | 40/41 | €59,584 | €32,560 | -€27,024 | -45.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €59,584 | €32,560 | -€27,024 | -45.4% |
| Cash at bank and in hand | 54/58 | €230,232 | €28,561 | -€201,671 | -87.6% |
| Deferred charges and accrued income | 490/1 | €1,356 | €41 | -€1,316 | -97.0% |
| Total equity and liabilities | 10/49 | €291,173 | €191,218 | -€99,955 | -34.3% |
| Equity | 10/15 | €152,401 | €142,196 | -€10,205 | -6.7% |
| Contributions | 10/11 | €50,001 | €50,001 | = | 0.0% |
| Reserves | 13 | €2,361 | €2,361 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,361 | €2,361 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,361 | €2,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,039 | €89,834 | -€10,205 | -10.2% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €113,772 | €24,022 | -€89,751 | -78.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €81,365 | €24,022 | -€57,343 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €585 | €195 | -€390 | -66.6% |
| Suppliers | 440/4 | €585 | €195 | -€390 | -66.6% |
| Taxes, remuneration and social security | 45 | €24,765 | €22,940 | -€1,826 | -7.4% |
| Taxes | 450/3 | €22,940 | €22,940 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,826 | - | -€1,826 | |
| Other amounts payable | 47/48 | €56,014 | €887 | -€55,128 | -98.4% |
| Accrued charges and deferred income | 492/3 | €32,408 | - | -€32,408 | |
| Non-recurring operating income | 76A | €238,140 | - | -€238,140 | |
| Remuneration, social security and pensions | 62 | €3,055 | - | -€3,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,152 | +€1,152 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,000 | - | -€25,000 | |
| Other operating charges | 640/8 | €978 | €400 | -€578 | -59.1% |
| Gross operating margin | 9900 | €174,326 | -€43,626 | -€217,952 | |
| Operating profit (loss) | 9901 | €145,293 | -€45,177 | -€190,470 | |
| Financial income | 75/76B | €1,621 | €35,315 | +€33,694 | +2,079% |
| Recurring financial income | 75 | €1,621 | €35,315 | +€33,694 | +2,079% |
| Financial charges | 65/66B | €17,562 | €343 | -€17,219 | -98.0% |
| Recurring financial charges | 65 | €17,562 | €343 | -€17,219 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €129,352 | -€10,205 | -€139,557 | |
| Income taxes | 67/77 | €22,940 | - | -€22,940 | |
| Profit (loss) for the period | 9904 | €106,413 | -€10,205 | -€116,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,413 | -€10,205 | -€116,617 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.