Up&Co: 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.
Up&Co
Largest movements
- Stocks and contracts -€386,872
down €386,872 (-100%), from €386,872 to €0
- Cash +€240,723
up €240,723 (+358%), from €67,241 to €307,963
mainly Stocks and contracts (+€386,872) and Other debts (+€344,013)
- Receivables within one year -€166,937
down €166,937 (-8.9%), from €1.9m to €1.7m
of which Trade receivables: -€166,387
- Trade debts -€382,218
down €382,218 (-28.8%), from €1.3m to €944,131
- Other debts +€344,013
up €344,013 (+15.3%), from €2.3m to €2.6m
- Profit (loss) carried forward -€289,926
down €289,926 (-23.3%), from -€1.2m to -€1.5m
- Gross operating margin -€175,954
down €175,954 (-31.6%), from €556,719 to €380,766
- Financial charges +€45,048
up €45,048 (+135%), from €33,397 to €78,446
- Staff costs -€43,036
down €43,036 (-7.1%), from €606,456 to €563,420
- Write-downs -€7,182
new in 2023: -€7,182
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,448,156 | €2,100,306 | -€347,850 | -14.2% |
| Fixed assets | 21/28 | €96,174 | €70,771 | -€25,402 | -26.4% |
| Intangible fixed assets | 21 | €88,594 | €64,452 | -€24,143 | -27.3% |
| Tangible fixed assets | 22/27 | €4,428 | €3,169 | -€1,260 | -28.4% |
| Furniture and vehicles | 24 | €4,428 | €3,169 | -€1,260 | -28.4% |
| Financial fixed assets | 28 | €3,151 | €3,151 | = | 0.0% |
| Current assets | 29/58 | €2,351,983 | €2,029,535 | -€322,448 | -13.7% |
| Stocks and contracts in progress | 3 | €386,872 | €0 | -€386,872 | -100% |
| Stocks | 30/36 | €386,872 | €0 | -€386,872 | -100% |
| Amounts receivable within one year | 40/41 | €1,882,944 | €1,716,007 | -€166,937 | -8.9% |
| Trade receivables | 40 | €1,882,394 | €1,716,007 | -€166,387 | -8.8% |
| Other amounts receivable | 41 | €550 | €0 | -€550 | -100% |
| Cash at bank and in hand | 54/58 | €67,241 | €307,963 | +€240,723 | +358% |
| Deferred charges and accrued income | 490/1 | €14,926 | €5,565 | -€9,361 | -62.7% |
| Total equity and liabilities | 10/49 | €2,448,156 | €2,100,306 | -€347,850 | -14.2% |
| Equity | 10/15 | -€1,224,079 | -€1,514,005 | -€289,926 | -23.7% |
| Contributions | 10/11 | €20,000 | €22,000 | +€2,000 | +10.0% |
| Reserves | 13 | €2,000 | €0 | -€2,000 | -100% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Profit (loss) carried forward | 14 | -€1,246,079 | -€1,536,005 | -€289,926 | -23.3% |
| Amounts payable | 17/49 | €3,672,235 | €3,614,312 | -€57,924 | -1.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,665,349 | €3,606,874 | -€58,476 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €238 | €0 | -€238 | -100% |
| Trade debts | 44 | €1,326,349 | €944,131 | -€382,218 | -28.8% |
| Suppliers | 440/4 | €1,326,349 | €944,131 | -€382,218 | -28.8% |
| Taxes, remuneration and social security | 45 | €87,579 | €67,545 | -€20,033 | -22.9% |
| Taxes | 450/3 | €26,100 | €21,997 | -€4,103 | -15.7% |
| Remuneration and social security | 454/9 | €61,478 | €45,549 | -€15,930 | -25.9% |
| Other amounts payable | 47/48 | €2,251,184 | €2,595,198 | +€344,013 | +15.3% |
| Accrued charges and deferred income | 492/3 | €6,886 | €7,438 | +€552 | +8.0% |
| Remuneration, social security and pensions | 62 | €606,456 | €563,420 | -€43,036 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,249 | €25,402 | -€1,847 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,182 | -€7,182 | |
| Other operating charges | 640/8 | €10,103 | €10,605 | +€502 | +5.0% |
| Gross operating margin | 9900 | €556,719 | €380,766 | -€175,954 | -31.6% |
| Operating profit (loss) | 9901 | -€87,088 | -€211,481 | -€124,392 | -143% |
| Financial income | 75/76B | €93 | €0 | -€93 | -100% |
| Recurring financial income | 75 | €93 | €0 | -€93 | -100% |
| Financial charges | 65/66B | €33,397 | €78,446 | +€45,048 | +135% |
| Recurring financial charges | 65 | €33,397 | €78,446 | +€45,048 | +135% |
| Profit (loss) for the period before taxes | 9903 | -€120,393 | -€289,926 | -€169,534 | -141% |
| Income taxes | 67/77 | €1,931 | €0 | -€1,931 | -100% |
| Profit (loss) for the period | 9904 | -€122,324 | -€289,926 | -€167,602 | -137% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,324 | -€289,926 | -€167,602 | -137% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.