UP Holding: 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.
What changed
UP Holding
NACE 70.200, Business and other management consultancy
financial year 2019 compared with 2018filed annual accounts (NBB)
Net result for the year
€12.9m
2018 · €1.6m+€11.3m
Equity
€108.0m
2018 · €95.1m+€13.0m
Cash
€530,025
2018 · €8,524+€521,501
Balance sheet total
€143.8m
2018 · €135.6m+€8.2m
Largest movements
Assets
- Financial fixed assets +€10.3m
up €10.3m (+7.8%), from €131.6m to €141.9m
- Receivables within one year -€2.6m
down €2.6m (-69.1%), from €3.8m to €1.2m
of which Other amounts receivable: -€2.4m
Equity and liabilities
- Reserves +€13.0m
up €13.0m (+77.1%), from €16.8m to €29.8m
- Debts after one year -€3.1m
down €3.1m (-8.8%), from €34.9m to €31.8m
of which Financial debts: -€3.1m
- Current portion of long-term debt -€1.6m
down €1.6m (-34.2%), from €4.7m to €3.1m
Income statement
- Financial income +€11.1m
up €11.1m (+408%), from €2.7m to €13.9m
- Financial charges -€228,411
down €228,411 (-17.4%), from €1.3m to €1.1m
- Services and other goods +€92,920
up €92,920 (+5.8%), from €1.6m to €1.7m
- Turnover +€53,033
up €53,033 (+2.9%), from €1.8m to €1.9m
From the 2018 result to the 2019 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.
Result 2018
€1.6m
Turnover
+€53,033
Services and other goods
-€92,920
Other operating charges
-€3
Financial income
+€11.1m
Financial charges
+€228,411
Result 2019
€12.9m
raises the resultlowers the result
Derived cash bridge
Derived from the 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€15.4m
Investment
-€10.3m
Financing
-€4.6m
Cash 2018
€8,524
From operations (derived)
+€15.4m
Net result for the year
+€12.9m
Depreciation
+€36,285
Receivables within one year
+€2.6m
Smaller working-capital items
-€23,379
Trade debts
-€66,990
Accrued charges and deferred income
-€34,855
Investment (derived)
-€10.3m
Investment in fixed assets (net)
-€10.3m
Financing
-€4.6m
Debts after one year
-€3.1m
Current portion of long-term debt
-€1.6m
Short-term financial debts
+€10,284
Contributions, distributions and other
+€50,000
Cash 2019
€530,025
brings cash intakes cash out
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,579,849 | €143,769,349 | +€8.2m | +6.0% |
| Formation expenses | 20 | €145,141 | €108,856 | -€36,285 | -25.0% |
| Fixed assets | 21/28 | €131,617,268 | €141,916,732 | +€10.3m | +7.8% |
| Financial fixed assets | 28 | €131,617,268 | €141,916,732 | +€10.3m | +7.8% |
| Affiliated companies | 280/1 | €131,617,268 | €141,916,732 | +€10.3m | +7.8% |
| Participating interests | 280 | €130,916,732 | €130,916,732 | = | 0.0% |
| Amounts receivable | 281 | €700,536 | €11,000,000 | +€10.3m | +1,470% |
| Current assets | 29/58 | €3,817,440 | €1,743,761 | -€2.1m | -54.3% |
| Amounts receivable within one year | 40/41 | €3,778,916 | €1,169,511 | -€2.6m | -69.1% |
| Trade receivables | 40 | €1,140,071 | €969,538 | -€170,533 | -15.0% |
| Other amounts receivable | 41 | €2,638,845 | €199,973 | -€2.4m | -92.4% |
| Cash at bank and in hand | 54/58 | €8,524 | €530,025 | +€521,501 | +6,118% |
| Deferred charges and accrued income | 490/1 | €30,000 | €44,225 | +€14,225 | +47.4% |
| Total equity and liabilities | 10/49 | €135,579,849 | €143,769,349 | +€8.2m | +6.0% |
| Equity | 10/15 | €95,055,951 | €108,012,091 | +€13.0m | +13.6% |
| Contributions | 10/11 | €78,250,000 | €78,250,000 | = | 0.0% |
| Capital | 10 | €78,250,000 | €78,250,000 | = | 0.0% |
| Issued capital | 100 | €78,250,000 | €78,250,000 | = | 0.0% |
| Reserves | 13 | €16,805,951 | €29,762,091 | +€13.0m | +77.1% |
| Legal reserve | 130 | €777,798 | €1,423,104 | +€645,306 | +83.0% |
| Reserves not available under the articles | 1311 | €1,350,000 | €1,350,001 | +€1 | 0.0% |
| Distributable reserves | 133 | €14,678,153 | €26,988,986 | +€12.3m | +83.9% |
| Amounts payable | 17/49 | €40,523,898 | €35,757,258 | -€4.8m | -11.8% |
| Amounts payable after more than one year | 17 | €34,871,566 | €31,800,740 | -€3.1m | -8.8% |
| Financial debts | 170/4 | €34,871,566 | €31,800,000 | -€3.1m | -8.8% |
| Credit institutions | 173 | €34,871,566 | €31,800,000 | -€3.1m | -8.8% |
| Other amounts payable | 178/9 | - | €740 | +€740 | |
| Amounts payable within one year | 42/48 | €5,586,893 | €3,925,934 | -€1.7m | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €4,666,666 | €3,071,567 | -€1.6m | -34.2% |
| Financial debts | 43 | - | €10,284 | +€10,284 | |
| Credit institutions | 430/8 | - | €10,284 | +€10,284 | |
| Trade debts | 44 | €911,073 | €844,083 | -€66,990 | -7.4% |
| Suppliers | 440/4 | €911,073 | €844,083 | -€66,990 | -7.4% |
| Taxes, remuneration and social security | 45 | €8,413 | - | -€8,413 | |
| Taxes | 450/3 | €8,413 | - | -€8,413 | |
| Other amounts payable | 47/48 | €741 | - | -€741 | |
| Accrued charges and deferred income | 492/3 | €65,439 | €30,584 | -€34,855 | -53.3% |
| Operating income | 70/76A | €1,815,506 | €1,868,539 | +€53,033 | +2.9% |
| Turnover | 70 | €1,815,506 | €1,868,539 | +€53,033 | +2.9% |
| Operating charges | 60/66A | €1,645,228 | €1,738,151 | +€92,923 | +5.6% |
| Services and other goods | 61 | €1,608,813 | €1,701,733 | +€92,920 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,285 | €36,285 | = | 0.0% |
| Other operating charges | 640/8 | €130 | €133 | +€3 | +2.3% |
| Operating profit (loss) | 9901 | €170,278 | €130,388 | -€39,890 | -23.4% |
| Financial income | 75/76B | €2,726,595 | €13,859,414 | +€11.1m | +408% |
| Recurring financial income | 75 | €2,726,595 | €13,859,414 | +€11.1m | +408% |
| Income from financial fixed assets | 750 | €2,726,595 | €13,859,414 | +€11.1m | +408% |
| Financial charges | 65/66B | €1,312,073 | €1,083,662 | -€228,411 | -17.4% |
| Recurring financial charges | 65 | €1,312,073 | €1,083,662 | -€228,411 | -17.4% |
| Debt charges | 650 | €1,312,073 | €1,083,662 | -€228,411 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €1,584,800 | €12,906,140 | +€11.3m | +714% |
| Profit (loss) for the period | 9904 | €1,584,800 | €12,906,140 | +€11.3m | +714% |
| Profit (loss) for the period to be appropriated | 9905 | €1,584,800 | €12,906,140 | +€11.3m | +714% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.