UP TWO DATE: 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 TWO DATE
Largest movements
- Receivables within one year -€46,943
down €46,943 (-26.0%), from €180,714 to €133,770
of which Other amounts receivable: -€30,757
- Tangible fixed assets -€40,867
down €40,867 (-5.0%), from €817,847 to €776,980
of which Land and buildings: -€29,164
- Trade debts -€93,699
down €93,699 (-85.6%), from €109,413 to €15,714
- Debts after one year -€35,330
down €35,330 (-6.8%), from €517,384 to €482,054
- Other debts +€26,669
up €26,669 (+28.3%), from €94,126 to €120,795
- Gross operating margin +€89,339
up €89,339 (+1072.1%), from €8,333 to €97,672
- Taxes +€26,464
up €26,464 (+869.3%), from €3,044 to €29,508
- Financial income -€10,802
down €10,802 (-99.7%), from €10,837 to €35
of which Financial income: -€10,802
- Depreciation -€5,835
down €5,835 (-11.5%), from €50,634 to €44,799
- Other operating charges -€2,436
down €2,436 (-22.5%), from €10,835 to €8,399
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 | €1,445,659 | €1,357,070 | -€88,589 | -6.1% |
| Fixed assets | 21/28 | €827,150 | €786,282 | -€40,867 | -4.9% |
| Tangible fixed assets | 22/27 | €817,847 | €776,980 | -€40,867 | -5.0% |
| Land and buildings | 22 | €771,886 | €742,722 | -€29,164 | -3.8% |
| Plant, machinery and equipment | 23 | €34 | €1,896 | +€1,862 | +5504.3% |
| Furniture and vehicles | 24 | €33,826 | €22,653 | -€11,173 | -33.0% |
| Other tangible fixed assets | 26 | €12,101 | €9,709 | -€2,393 | -19.8% |
| Financial fixed assets | 28 | €9,302 | €9,302 | = | 0.0% |
| Current assets | 29/58 | €618,509 | €570,788 | -€47,722 | -7.7% |
| Amounts receivable after more than one year | 29 | €382,515 | €382,515 | = | 0.0% |
| Other amounts receivable | 291 | €382,515 | €382,515 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €180,714 | €133,770 | -€46,943 | -26.0% |
| Trade receivables | 40 | €63,045 | €46,859 | -€16,186 | -25.7% |
| Other amounts receivable | 41 | €117,669 | €86,912 | -€30,757 | -26.1% |
| Cash at bank and in hand | 54/58 | €40,794 | €45,589 | +€4,795 | +11.8% |
| Deferred charges and accrued income | 490/1 | €14,486 | €8,913 | -€5,574 | -38.5% |
| Total equity and liabilities | 10/49 | €1,445,659 | €1,357,070 | -€88,589 | -6.1% |
| Equity | 10/15 | €297,552 | €301,123 | +€3,571 | +1.2% |
| Reserves | 13 | €339,116 | €342,687 | +€3,571 | +1.1% |
| Tax-exempt reserves | 132 | €264,588 | €250,733 | -€13,855 | -5.2% |
| Distributable reserves | 133 | €74,528 | €91,955 | +€17,426 | +23.4% |
| Profit (loss) carried forward | 14 | -€41,564 | -€41,564 | = | 0.0% |
| Provisions and deferred taxes | 16 | €362,601 | €357,983 | -€4,618 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €276,405 | €276,405 | = | 0.0% |
| Pensions and similar obligations | 160 | €276,405 | €276,405 | = | 0.0% |
| Deferred taxes | 168 | €86,196 | €81,578 | -€4,618 | -5.4% |
| Amounts payable | 17/49 | €785,505 | €697,964 | -€87,542 | -11.1% |
| Amounts payable after more than one year | 17 | €517,384 | €482,054 | -€35,330 | -6.8% |
| Financial debts | 170/4 | €517,384 | €482,054 | -€35,330 | -6.8% |
| Amounts payable within one year | 42/48 | €266,122 | €211,410 | -€54,711 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €34,916 | €35,330 | +€414 | +1.2% |
| Trade debts | 44 | €109,413 | €15,714 | -€93,699 | -85.6% |
| Suppliers | 440/4 | €109,413 | €15,714 | -€93,699 | -85.6% |
| Taxes, remuneration and social security | 45 | €27,667 | €39,571 | +€11,904 | +43.0% |
| Taxes | 450/3 | €26,167 | €39,571 | +€13,404 | +51.2% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | €94,126 | €120,795 | +€26,669 | +28.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €4,500 | +€2,500 | +125.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,634 | €44,799 | -€5,835 | -11.5% |
| Other operating charges | 640/8 | €10,835 | €8,399 | -€2,436 | -22.5% |
| Gross operating margin | 9900 | €8,333 | €97,672 | +€89,339 | +1072.1% |
| Operating profit (loss) | 9901 | -€53,135 | €44,474 | +€97,609 | |
| Financial income | 75/76B | €10,837 | €35 | -€10,802 | -99.7% |
| Recurring financial income | 75 | €10,837 | €35 | -€10,802 | -99.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €17,421 | €16,048 | -€1,373 | -7.9% |
| Recurring financial charges | 65 | €17,421 | €16,048 | -€1,373 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€59,720 | €28,461 | +€88,180 | |
| Transfer from deferred taxes | 780 | €5,300 | €4,618 | -€682 | -12.9% |
| Income taxes | 67/77 | €3,044 | €29,508 | +€26,464 | +869.3% |
| Profit (loss) for the period | 9904 | -€57,464 | €3,571 | +€61,035 | |
| Transfer from tax-exempt reserves | 789 | €15,900 | €13,855 | -€2,045 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,564 | €17,426 | +€58,990 |
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 9 October 2026 via checked.be.