UP-HOMES: 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-HOMES
Largest movements
- Stocks and contracts -€153,066
down €153,066 (-41.2%), from €371,923 to €218,857
of which Contracts in progress: -€163,066
- Cash +€38,409
up €38,409 (+3,269%), from €1,175 to €39,584
mainly Stocks and contracts (+€153,066) and Current portion of long-term debt (+€75,000)
- Short-term financial debts -€251,128
down €251,128 (-100.0%), from €251,166 to €38
- Current portion of long-term debt +€75,000
new in 2025: €75,000
- Trade debts +€34,374
up €34,374 (+79.7%), from €43,104 to €77,478
- Other debts +€14,268
up €14,268 (+35.5%), from €40,208 to €54,476
- Reserves +€9,968
up €9,968 (+25.9%), from €38,496 to €48,464
- Gross operating margin -€32,737
down €32,737 (-43.5%), from €75,337 to €42,600
- Financial charges -€20,505
down €20,505 (-56.1%), from €36,546 to €16,041
- Other operating charges -€15,014
down €15,014 (-63.6%), from €23,607 to €8,593
- Taxes +€2,105
up €2,105 (+64.2%), from €3,281 to €5,386
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 | €396,255 | €282,112 | -€114,143 | -28.8% |
| Fixed assets | 21/28 | €5,578 | €2,964 | -€2,614 | -46.9% |
| Tangible fixed assets | 22/27 | €5,578 | €2,964 | -€2,614 | -46.9% |
| Plant, machinery and equipment | 23 | €4,602 | €2,520 | -€2,082 | -45.2% |
| Furniture and vehicles | 24 | €976 | €444 | -€532 | -54.5% |
| Current assets | 29/58 | €390,677 | €279,148 | -€111,529 | -28.5% |
| Stocks and contracts in progress | 3 | €371,923 | €218,857 | -€153,066 | -41.2% |
| Stocks | 30/36 | €120,000 | €130,000 | +€10,000 | +8.3% |
| Contracts in progress | 37 | €251,923 | €88,857 | -€163,066 | -64.7% |
| Amounts receivable within one year | 40/41 | €17,579 | €20,707 | +€3,128 | +17.8% |
| Trade receivables | 40 | €10,439 | €15,500 | +€5,061 | +48.5% |
| Other amounts receivable | 41 | €7,140 | €5,207 | -€1,933 | -27.1% |
| Cash at bank and in hand | 54/58 | €1,175 | €39,584 | +€38,409 | +3,269% |
| Total equity and liabilities | 10/49 | €396,255 | €282,112 | -€114,143 | -28.8% |
| Equity | 10/15 | €58,496 | €68,464 | +€9,968 | +17.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,496 | €48,464 | +€9,968 | +25.9% |
| Distributable reserves | 133 | €38,496 | €48,464 | +€9,968 | +25.9% |
| Amounts payable | 17/49 | €337,759 | €213,648 | -€124,111 | -36.7% |
| Amounts payable within one year | 42/48 | €337,759 | €210,273 | -€127,486 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | - | €75,000 | +€75,000 | |
| Financial debts | 43 | €251,166 | €38 | -€251,128 | -100.0% |
| Credit institutions | 430/8 | €251,166 | €38 | -€251,128 | -100.0% |
| Trade debts | 44 | €43,104 | €77,478 | +€34,374 | +79.7% |
| Suppliers | 440/4 | €43,104 | €77,478 | +€34,374 | +79.7% |
| Taxes, remuneration and social security | 45 | €3,281 | €3,281 | = | 0.0% |
| Taxes | 450/3 | €3,281 | €3,281 | = | 0.0% |
| Other amounts payable | 47/48 | €40,208 | €54,476 | +€14,268 | +35.5% |
| Accrued charges and deferred income | 492/3 | - | €3,375 | +€3,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,755 | €2,614 | -€141 | -5.1% |
| Other operating charges | 640/8 | €23,607 | €8,593 | -€15,014 | -63.6% |
| Gross operating margin | 9900 | €75,337 | €42,600 | -€32,737 | -43.5% |
| Operating profit (loss) | 9901 | €48,975 | €31,393 | -€17,582 | -35.9% |
| Financial income | 75/76B | €120 | €2 | -€118 | -98.3% |
| Recurring financial income | 75 | €120 | €2 | -€118 | -98.3% |
| Financial charges | 65/66B | €36,546 | €16,041 | -€20,505 | -56.1% |
| Recurring financial charges | 65 | €36,546 | €16,041 | -€20,505 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €12,549 | €15,354 | +€2,805 | +22.4% |
| Income taxes | 67/77 | €3,281 | €5,386 | +€2,105 | +64.2% |
| Profit (loss) for the period | 9904 | €9,268 | €9,968 | +€700 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,268 | €9,968 | +€700 | +7.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 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.