UP MANAGEMENT: 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 MANAGEMENT
Largest movements
- Stocks and contracts -€37,024
down €37,024 (-100.0%), from €37,024 to €0
- Receivables within one year +€18,858
up €18,858 (+40.3%), from €46,760 to €65,617
of which Other amounts receivable: +€15,816
- Current investments +€16,110
up €16,110 (+32.6%), from €49,486 to €65,596
- Cash +€13,729
up €13,729 (+562.9%), from €2,439 to €16,167
mainly Stocks and contracts (+€37,024) and Net result for the year (+€36,744)
- Tangible fixed assets -€8,523
down €8,523 (-17.1%), from €49,884 to €41,361
of which Furniture and vehicles: -€6,316
- Profit (loss) carried forward +€36,744
up €36,744 (+27.8%), from €132,318 to €169,062
- Debts after one year -€23,296
down €23,296 (-15.1%), from €154,308 to €131,012
- Tax, wage and social debts -€11,935
down €11,935 (-30.1%), from €39,701 to €27,766
- Other operating charges +€52,393
up €52,393 (+37290.6%), from €141 to €52,534
- Gross operating margin +€35,295
up €35,295 (+42.7%), from €82,652 to €117,948
- Financial charges +€7,208
up €7,208 (+3997.9%), from €180 to €7,388
- Taxes -€6,143
down €6,143 (-28.9%), from €21,262 to €15,119
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.
Cash bridge derived
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 | €362,729 | €363,742 | +€1,013 | +0.3% |
| Fixed assets | 21/28 | €224,884 | €216,361 | -€8,523 | -3.8% |
| Tangible fixed assets | 22/27 | €49,884 | €41,361 | -€8,523 | -17.1% |
| Land and buildings | 22 | €27,551 | €25,925 | -€1,626 | -5.9% |
| Plant, machinery and equipment | 23 | €2,168 | €1,588 | -€580 | -26.8% |
| Furniture and vehicles | 24 | €20,165 | €13,848 | -€6,316 | -31.3% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €137,845 | €147,381 | +€9,536 | +6.9% |
| Stocks and contracts in progress | 3 | €37,024 | €0 | -€37,024 | -100.0% |
| Stocks | 30/36 | €37,024 | €0 | -€37,024 | -100.0% |
| Amounts receivable within one year | 40/41 | €46,760 | €65,617 | +€18,858 | +40.3% |
| Trade receivables | 40 | €12,008 | €15,050 | +€3,042 | +25.3% |
| Other amounts receivable | 41 | €34,751 | €50,567 | +€15,816 | +45.5% |
| Current investments | 50/53 | €49,486 | €65,596 | +€16,110 | +32.6% |
| Cash at bank and in hand | 54/58 | €2,439 | €16,167 | +€13,729 | +562.9% |
| Deferred charges and accrued income | 490/1 | €2,136 | €0 | -€2,136 | -100.0% |
| Total equity and liabilities | 10/49 | €362,729 | €363,742 | +€1,013 | +0.3% |
| Equity | 10/15 | €135,318 | €172,062 | +€36,744 | +27.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,318 | €169,062 | +€36,744 | +27.8% |
| Amounts payable | 17/49 | €227,411 | €191,680 | -€35,731 | -15.7% |
| Amounts payable after more than one year | 17 | €154,308 | €131,012 | -€23,296 | -15.1% |
| Financial debts | 170/4 | €154,308 | €131,012 | -€23,296 | -15.1% |
| Amounts payable within one year | 42/48 | €73,103 | €60,668 | -€12,436 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €20,692 | €23,296 | +€2,603 | +12.6% |
| Financial debts | 43 | €15 | €0 | -€15 | -100.0% |
| Other loans | 439 | €15 | €0 | -€15 | -100.0% |
| Trade debts | 44 | €12,581 | €9,368 | -€3,214 | -25.5% |
| Suppliers | 440/4 | €12,581 | €9,368 | -€3,214 | -25.5% |
| Taxes, remuneration and social security | 45 | €39,701 | €27,766 | -€11,935 | -30.1% |
| Taxes | 450/3 | €39,701 | €27,766 | -€11,935 | -30.1% |
| Other amounts payable | 47/48 | €114 | €239 | +€125 | +109.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,914 | €9,336 | +€422 | +4.7% |
| Other operating charges | 640/8 | €141 | €52,534 | +€52,393 | +37290.6% |
| Gross operating margin | 9900 | €82,652 | €117,948 | +€35,295 | +42.7% |
| Operating profit (loss) | 9901 | €73,598 | €56,078 | -€17,520 | -23.8% |
| Financial income | 75/76B | €2,069 | €3,174 | +€1,104 | +53.4% |
| Recurring financial income | 75 | €2,069 | €3,174 | +€1,104 | +53.4% |
| Financial charges | 65/66B | €180 | €7,388 | +€7,208 | +3997.9% |
| Recurring financial charges | 65 | €180 | €7,388 | +€7,208 | +3997.9% |
| Profit (loss) for the period before taxes | 9903 | €75,486 | €51,864 | -€23,623 | -31.3% |
| Income taxes | 67/77 | €21,262 | €15,119 | -€6,143 | -28.9% |
| Profit (loss) for the period | 9904 | €54,224 | €36,744 | -€17,480 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,224 | €36,744 | -€17,480 | -32.2% |
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 11 October 2026 via checked.be.