LA TABLE D'UPIGNAC: 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.
LA TABLE D'UPIGNAC
Largest movements
- Receivables within one year -€106,419
down €106,419 (-57.0%), from €186,701 to €80,281
of which Other amounts receivable: -€117,358
- Tangible fixed assets -€40,518
down €40,518 (-59.4%), from €68,244 to €27,727
of which Other tangible fixed assets: -€35,910
- Cash +€27,332
up €27,332 (+79.8%), from €34,240 to €61,573
- Profit (loss) carried forward -€74,661
down €74,661 (-114%), from -€65,326 to -€139,987
- Trade debts -€28,441
down €28,441 (-57.9%), from €49,125 to €20,684
- Debts after one year -€21,474
down €21,474 (-37.1%), from €57,923 to €36,449
- Tax, wage and social debts +€6,245
up €6,245 (+659%), from €947 to €7,192
of which Remuneration and social security: +€6,350
- Gross operating margin -€79,978
down €79,978 (-64.7%), from €123,674 to €43,696
- Staff costs +€23,116
up €23,116 (+48.6%), from €47,532 to €70,648
- Depreciation +€8,204
up €8,204 (+25.6%), from €32,046 to €40,250
- Write-downs +€2,280
up €2,280, from €0 to €2,280
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
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,916 | €228,779 | -€118,137 | -34.1% |
| Fixed assets | 21/28 | €68,244 | €27,727 | -€40,518 | -59.4% |
| Tangible fixed assets | 22/27 | €68,244 | €27,727 | -€40,518 | -59.4% |
| Plant, machinery and equipment | 23 | €10,886 | €4,463 | -€6,423 | -59.0% |
| Furniture and vehicles | 24 | €0 | €1,815 | +€1,815 | |
| Other tangible fixed assets | 26 | €57,358 | €21,448 | -€35,910 | -62.6% |
| Current assets | 29/58 | €278,671 | €201,052 | -€77,619 | -27.9% |
| Stocks and contracts in progress | 3 | €57,730 | €59,198 | +€1,468 | +2.5% |
| Stocks | 30/36 | €57,730 | €59,198 | +€1,468 | +2.5% |
| Amounts receivable within one year | 40/41 | €186,701 | €80,281 | -€106,419 | -57.0% |
| Trade receivables | 40 | €17,259 | €28,197 | +€10,938 | +63.4% |
| Other amounts receivable | 41 | €169,442 | €52,084 | -€117,358 | -69.3% |
| Cash at bank and in hand | 54/58 | €34,240 | €61,573 | +€27,332 | +79.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €346,916 | €228,779 | -€118,137 | -34.1% |
| Equity | 10/15 | €224,766 | €150,105 | -€74,661 | -33.2% |
| Contributions | 10/11 | €283,592 | €283,592 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,326 | -€139,987 | -€74,661 | -114% |
| Amounts payable | 17/49 | €122,150 | €78,674 | -€43,475 | -35.6% |
| Amounts payable after more than one year | 17 | €57,923 | €36,449 | -€21,474 | -37.1% |
| Financial debts | 170/4 | €57,923 | €36,449 | -€21,474 | -37.1% |
| Amounts payable within one year | 42/48 | €64,226 | €42,225 | -€22,001 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €14,154 | €14,349 | +€195 | +1.4% |
| Trade debts | 44 | €49,125 | €20,684 | -€28,441 | -57.9% |
| Suppliers | 440/4 | €49,125 | €20,684 | -€28,441 | -57.9% |
| Taxes, remuneration and social security | 45 | €947 | €7,192 | +€6,245 | +659% |
| Taxes | 450/3 | €105 | €0 | -€105 | -100% |
| Remuneration and social security | 454/9 | €842 | €7,192 | +€6,350 | +754% |
| Non-recurring operating income | 76A | - | €5,521 | +€5,521 | |
| Remuneration, social security and pensions | 62 | €47,532 | €70,648 | +€23,116 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,046 | €40,250 | +€8,204 | +25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €2,280 | +€2,280 | |
| Other operating charges | 640/8 | €2,209 | €2,371 | +€162 | +7.3% |
| Gross operating margin | 9900 | €123,674 | €43,696 | -€79,978 | -64.7% |
| Operating profit (loss) | 9901 | €41,887 | -€71,853 | -€113,740 | |
| Financial income | 75/76B | - | €340 | +€340 | |
| Recurring financial income | 75 | - | €340 | +€340 | |
| Financial charges | 65/66B | €2,458 | €3,149 | +€691 | +28.1% |
| Recurring financial charges | 65 | €2,458 | €3,149 | +€691 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €39,429 | -€74,662 | -€114,091 | |
| Income taxes | 67/77 | €105 | -€1 | -€106 | |
| Profit (loss) for the period | 9904 | €39,324 | -€74,661 | -€113,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,324 | -€74,661 | -€113,986 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.