UP-nxt: what changed
Two fiscal 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-nxt
NACE 62.100, Computer programming
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€14.9m
2023 · -€17.2m+€2.3m
Equity
-€29.1m
2023 · -€14.2m-€14.9m
Cash
€10,843
2023 · €269,638-€258,795
Balance sheet total
€46.5m
2023 · €50.2m-€3.8m
Largest movements
Assets
- Intangible fixed assets -€3.1m
down €3.1m (-8.8%), from €34.9m to €31.8m
- Receivables within one year -€804,639
down €804,639 (-5.8%), from €13.9m to €13.1m
of which Trade receivables: -€804,969
Equity and liabilities
- Profit (loss) carried forward -€14.9m
down €14.9m (-48.7%), from -€30.7m to -€45.6m
- Other debts +€11.0m
up €11.0m (+37.2%), from €29.7m to €40.8m
- Debts after one year -€1.7m
down €1.7m (-7.8%), from €22.2m to €20.5m
of which Trade debts: -€1.7m
- Trade debts +€1.7m
up €1.7m (+17.2%), from €9.8m to €11.5m
Income statement
- Turnover -€1.7m
down €1.7m (-30.5%), from €5.7m to €3.9m
- Depreciation +€943,115
up €943,115 (+11.5%), from €8.2m to €9.2m
- Staff costs -€692,126
down €692,126 (-23.6%), from €2.9m to €2.2m
- Financial charges +€506,854
up €506,854 (+20.3%), from €2.5m to €3.0m
- Services and other goods -€297,114
down €297,114 (-1.8%), from €16.6m to €16.3m
From the 2023 result to the 2024 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 2023
-€17.2m
Turnover
-€1.7m
Other operating income
-€177,916
Goods and materials
-€232,193
Services and other goods
+€297,114
Staff costs
+€692,126
Depreciation
-€943,115
Write-downs
-€19,392
Other operating charges
+€37,654
Other operating items
+€4.7m
Financial income
-€4,368
Financial charges
-€506,854
Other financial items
+€1
Taxes
+€194,709
Result 2024
-€14.9m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€7.5m
Investment
-€6.1m
Financing
-€1.7m
Cash 2023
€269,638
From operations (derived)
+€7.5m
Net result for the year
-€14.9m
Depreciation
+€9.2m
Receivables after one year
-€468,456
Receivables within one year
+€804,639
Deferred charges and accrued income
+€47,735
Trade debts
+€1.7m
Tax, wage and social debts
+€191,632
Other debts
+€11.0m
Accrued charges and deferred income
-€18,043
Investment (derived)
-€6.1m
Investment in fixed assets (net)
-€6.1m
Financing
-€1.7m
Debts after one year
-€1.7m
Current portion of long-term debt
+€48,473
Short-term financial debts
-€50,565
Not broken down
+€2
Cash 2024
€10,843
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,217,203 | €46,466,042 | -€3.8m | -7.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €35,012,197 | €31,903,749 | -€3.1m | -8.9% |
| Intangible fixed assets | 21 | €34,872,537 | €31,795,555 | -€3.1m | -8.8% |
| Tangible fixed assets | 22/27 | €134,162 | €102,696 | -€31,466 | -23.5% |
| Plant, machinery and equipment | 23 | €76,315 | €71,295 | -€5,020 | -6.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €55,241 | €31,401 | -€23,840 | -43.2% |
| Assets under construction and advance payments | 27 | €2,606 | - | -€2,606 | |
| Financial fixed assets | 28 | €5,498 | €5,498 | = | 0.0% |
| Affiliated companies | 280/1 | €1,173 | €1,173 | = | 0.0% |
| Participating interests | 280 | €1,173 | €1,173 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,325 | €4,325 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,325 | €4,325 | = | 0.0% |
| Current assets | 29/58 | €15,205,006 | €14,562,293 | -€642,713 | -4.2% |
| Amounts receivable after more than one year | 29 | €858,763 | €1,327,219 | +€468,456 | +54.6% |
| Other amounts receivable | 291 | €858,763 | €1,327,219 | +€468,456 | +54.6% |
| Amounts receivable within one year | 40/41 | €13,925,031 | €13,120,392 | -€804,639 | -5.8% |
| Trade receivables | 40 | €13,925,031 | €13,120,062 | -€804,969 | -5.8% |
| Other amounts receivable | 41 | €0 | €330 | +€330 | |
| Cash at bank and in hand | 54/58 | €269,638 | €10,843 | -€258,795 | -96.0% |
| Deferred charges and accrued income | 490/1 | €151,574 | €103,839 | -€47,735 | -31.5% |
| Total equity and liabilities | 10/49 | €50,217,203 | €46,466,042 | -€3.8m | -7.5% |
| Equity | 10/15 | -€14,165,380 | -€29,107,301 | -€14.9m | -105.5% |
| Contributions | 10/11 | €15,608,820 | €15,608,820 | = | 0.0% |
| Capital | 10 | €15,189,117 | €15,189,117 | = | 0.0% |
| Issued capital | 100 | €15,201,517 | €15,201,517 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €419,702 | €419,702 | = | 0.0% |
| Share premium | 1100/10 | €419,702 | €419,702 | = | 0.0% |
| Reserves | 13 | €924,535 | €924,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €103,913 | €103,913 | = | 0.0% |
| Legal reserve | 130 | €103,913 | €103,913 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €764,371 | €764,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,698,734 | -€45,640,655 | -€14.9m | -48.7% |
| Amounts payable | 17/49 | €64,382,584 | €75,573,343 | +€11.2m | +17.4% |
| Amounts payable after more than one year | 17 | €22,225,235 | €20,500,000 | -€1.7m | -7.8% |
| Trade debts | 175 | €1,725,235 | - | -€1.7m | |
| Suppliers | 1750 | €1,725,235 | - | -€1.7m | |
| Other amounts payable | 178/9 | €20,500,000 | €20,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,136,393 | €55,070,429 | +€12.9m | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €1,683,121 | €1,731,594 | +€48,473 | +2.9% |
| Financial debts | 43 | €250,453 | €199,888 | -€50,565 | -20.2% |
| Credit institutions | 430/8 | €250,453 | €199,888 | -€50,565 | -20.2% |
| Trade debts | 44 | €9,849,307 | €11,546,606 | +€1.7m | +17.2% |
| Suppliers | 440/4 | €9,849,307 | €11,546,606 | +€1.7m | +17.2% |
| Taxes, remuneration and social security | 45 | €630,711 | €822,343 | +€191,632 | +30.4% |
| Taxes | 450/3 | €166,652 | €128,070 | -€38,582 | -23.2% |
| Remuneration and social security | 454/9 | €464,059 | €694,274 | +€230,215 | +49.6% |
| Other amounts payable | 47/48 | €29,722,801 | €40,769,998 | +€11.0m | +37.2% |
| Accrued charges and deferred income | 492/3 | €20,956 | €2,913 | -€18,043 | -86.1% |
| Operating income | 70/76A | €13,093,382 | €15,848,648 | +€2.8m | +21.0% |
| Turnover | 70 | €5,681,451 | €3,948,790 | -€1.7m | -30.5% |
| Own construction capitalised | 72 | €6,973,363 | €8,417,155 | +€1.4m | +20.7% |
| Other operating income | 74 | €436,138 | €258,222 | -€177,916 | -40.8% |
| Non-recurring operating income | 76A | €2,430 | €3,224,481 | +€3.2m | +132594.7% |
| Operating charges | 60/66A | €28,084,299 | €28,252,106 | +€167,807 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €104,275 | €336,468 | +€232,193 | +222.7% |
| Services and other goods | 61 | €16,639,503 | €16,342,389 | -€297,114 | -1.8% |
| Remuneration, social security and pensions | 62 | €2,929,725 | €2,237,599 | -€692,126 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,216,140 | €9,159,255 | +€943,115 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,392 | - | +€19,392 | |
| Other operating charges | 640/8 | €214,049 | €176,395 | -€37,654 | -17.6% |
| Operating profit (loss) | 9901 | -€14,990,917 | -€12,403,459 | +€2.6m | +17.3% |
| Recurring financial income | 75 | €5,223 | €855 | -€4,368 | -83.6% |
| Other financial income | 752/9 | €5,223 | €855 | -€4,368 | -83.6% |
| Financial charges | 65/66B | €2,500,787 | €3,007,641 | +€506,854 | +20.3% |
| Recurring financial charges | 65 | €2,500,787 | €3,007,641 | +€506,854 | +20.3% |
| Debt charges | 650 | €2,468,923 | €3,003,454 | +€534,531 | +21.7% |
| Other financial charges | 652/9 | €31,865 | €4,188 | -€27,677 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,486,482 | -€15,410,245 | +€2.1m | +11.9% |
| Income taxes | 67/77 | -€273,615 | -€468,324 | -€194,709 | -71.2% |
| Taxes | 670/3 | €7,286 | €4,951 | -€2,335 | -32.0% |
| Tax adjustments and reversals of tax provisions | 77 | €280,901 | €473,275 | +€192,374 | +68.5% |
| Profit (loss) for the period | 9904 | -€17,212,867 | -€14,941,921 | +€2.3m | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,212,867 | -€14,941,921 | +€2.3m | +13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.