U-PEAK: 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.
U-PEAK
Largest movements
- Cash -€90,243
down €90,243 (-88.0%), from €102,496 to €12,254
mainly Contributions, distributions and other (-€200,000) and Other debts (-€37,500)
- Current investments -€89,782
no longer reported in 2025 (was €89,782)
- Tangible fixed assets +€13,636
up €13,636 (+55.0%), from €24,807 to €38,443
of which Furniture and vehicles: +€13,991
- Reserves -€124,449
down €124,449 (-70.0%), from €177,752 to €53,304
- Other debts -€37,500
down €37,500 (-75.0%), from €50,000 to €12,500
- Tax, wage and social debts -€3,442
down €3,442 (-53.7%), from €6,412 to €2,970
- Financial income +€16,254
up €16,254 (+1,001%), from €1,623 to €17,877
- Depreciation +€2,071
up €2,071 (+78.8%), from €2,628 to €4,698
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 | €237,953 | €73,422 | -€164,531 | -69.1% |
| Fixed assets | 21/28 | €24,807 | €38,443 | +€13,636 | +55.0% |
| Tangible fixed assets | 22/27 | €24,807 | €38,443 | +€13,636 | +55.0% |
| Plant, machinery and equipment | 23 | €984 | €628 | -€355 | -36.1% |
| Furniture and vehicles | 24 | €23,823 | €37,814 | +€13,991 | +58.7% |
| Current assets | 29/58 | €213,147 | €34,980 | -€178,167 | -83.6% |
| Amounts receivable within one year | 40/41 | €18,857 | €20,898 | +€2,041 | +10.8% |
| Trade receivables | 40 | €18,822 | €19,378 | +€556 | +3.0% |
| Other amounts receivable | 41 | €36 | €1,520 | +€1,485 | +4,139% |
| Current investments | 50/53 | €89,782 | - | -€89,782 | |
| Cash at bank and in hand | 54/58 | €102,496 | €12,254 | -€90,243 | -88.0% |
| Deferred charges and accrued income | 490/1 | €2,012 | €1,828 | -€184 | -9.1% |
| Total equity and liabilities | 10/49 | €237,953 | €73,422 | -€164,531 | -69.1% |
| Equity | 10/15 | €180,252 | €55,804 | -€124,449 | -69.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €177,752 | €53,304 | -€124,449 | -70.0% |
| Distributable reserves | 133 | €177,752 | €53,304 | -€124,449 | -70.0% |
| Amounts payable | 17/49 | €57,701 | €17,619 | -€40,082 | -69.5% |
| Amounts payable within one year | 42/48 | €57,701 | €17,619 | -€40,082 | -69.5% |
| Trade debts | 44 | €1,289 | €2,149 | +€860 | +66.7% |
| Suppliers | 440/4 | €1,289 | €2,149 | +€860 | +66.7% |
| Taxes, remuneration and social security | 45 | €6,412 | €2,970 | -€3,442 | -53.7% |
| Taxes | 450/3 | €6,412 | €2,970 | -€3,442 | -53.7% |
| Other amounts payable | 47/48 | €50,000 | €12,500 | -€37,500 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,628 | €4,698 | +€2,071 | +78.8% |
| Other operating charges | 640/8 | €387 | €506 | +€118 | +30.6% |
| Gross operating margin | 9900 | €79,999 | €79,709 | -€291 | -0.4% |
| Operating profit (loss) | 9901 | €76,984 | €74,505 | -€2,480 | -3.2% |
| Financial income | 75/76B | €1,623 | €17,877 | +€16,254 | +1,001% |
| Recurring financial income | 75 | €1,623 | €17,877 | +€16,254 | +1,001% |
| Financial charges | 65/66B | €123 | €116 | -€7 | -5.7% |
| Recurring financial charges | 65 | €123 | €116 | -€7 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €78,485 | €92,266 | +€13,781 | +17.6% |
| Income taxes | 67/77 | €16,987 | €16,715 | -€272 | -1.6% |
| Profit (loss) for the period | 9904 | €61,499 | €75,551 | +€14,053 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,499 | €75,551 | +€14,053 | +22.9% |
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 14 October 2026 via checked.be.