UP UP EXECUTIVE: what changed
UP UP EXECUTIVE
Largest movements
- Tangible fixed assets +€12,962
up €12,962 (+17.6%), from €73,857 to €86,819
of which Plant, machinery and equipment: +€14,449
- Cash -€6,102
down €6,102 (-36.4%), from €16,758 to €10,656
mainly Contributions, distributions and other (-€31,000) and Investment in fixed assets (net) (-€26,135)
- Receivables within one year +€1,647
up €1,647 (+6.5%), from €25,366 to €27,013
of which Other amounts receivable: +€1,637
- Other debts +€33,446
new in 2025: €33,446
- Reserves -€24,531
down €24,531 (-23.8%), from €103,049 to €78,517
of which Distributable reserves: -€24,531
- Trade debts -€2,033
no longer reported in 2025 (was €2,033)
- Tax, wage and social debts +€1,625
up €1,625 (+135%), from €1,200 to €2,825
- Gross operating margin +€2,032
up €2,032 (+9.9%), from €20,605 to €22,637
- Taxes +€1,781
up €1,781 (+148%), from €1,200 to €2,981
- Depreciation -€358
down €358 (-2.6%), from €13,530 to €13,173
- Financial income +€274
up €274 (+98.3%), from €279 to €553
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,281 | €134,788 | +€8,507 | +6.7% |
| Fixed assets | 21/28 | €73,857 | €86,819 | +€12,962 | +17.6% |
| Tangible fixed assets | 22/27 | €73,857 | €86,819 | +€12,962 | +17.6% |
| Plant, machinery and equipment | 23 | €42,941 | €57,390 | +€14,449 | +33.6% |
| Furniture and vehicles | 24 | €28,554 | €27,627 | -€927 | -3.2% |
| Other tangible fixed assets | 26 | €2,361 | €1,802 | -€559 | -23.7% |
| Current assets | 29/58 | €52,425 | €47,969 | -€4,455 | -8.5% |
| Stocks and contracts in progress | 3 | €10,301 | €10,301 | = | 0.0% |
| Stocks | 30/36 | €10,301 | €10,301 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,366 | €27,013 | +€1,647 | +6.5% |
| Trade receivables | 40 | €16,832 | €16,842 | +€10 | +0.1% |
| Other amounts receivable | 41 | €8,534 | €10,171 | +€1,637 | +19.2% |
| Cash at bank and in hand | 54/58 | €16,758 | €10,656 | -€6,102 | -36.4% |
| Total equity and liabilities | 10/49 | €126,281 | €134,788 | +€8,507 | +6.7% |
| Equity | 10/15 | €123,049 | €98,517 | -€24,531 | -19.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €103,049 | €78,517 | -€24,531 | -23.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €101,049 | €76,517 | -€24,531 | -24.3% |
| Amounts payable | 17/49 | €3,233 | €36,271 | +€33,038 | +1,022% |
| Amounts payable within one year | 42/48 | €3,233 | €36,271 | +€33,038 | +1,022% |
| Trade debts | 44 | €2,033 | - | -€2,033 | |
| Suppliers | 440/4 | €2,033 | - | -€2,033 | |
| Taxes, remuneration and social security | 45 | €1,200 | €2,825 | +€1,625 | +135% |
| Taxes | 450/3 | €1,200 | €2,825 | +€1,625 | +135% |
| Other amounts payable | 47/48 | - | €33,446 | +€33,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,530 | €13,173 | -€358 | -2.6% |
| Other operating charges | 640/8 | €419 | €387 | -€32 | -7.7% |
| Gross operating margin | 9900 | €20,605 | €22,637 | +€2,032 | +9.9% |
| Operating profit (loss) | 9901 | €6,655 | €9,077 | +€2,422 | +36.4% |
| Financial income | 75/76B | €279 | €553 | +€274 | +98.3% |
| Recurring financial income | 75 | €279 | €553 | +€274 | +98.3% |
| Financial charges | 65/66B | €129 | €180 | +€51 | +39.5% |
| Recurring financial charges | 65 | €129 | €180 | +€51 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €6,805 | €9,450 | +€2,645 | +38.9% |
| Income taxes | 67/77 | €1,200 | €2,981 | +€1,781 | +148% |
| Profit (loss) for the period | 9904 | €5,605 | €6,469 | +€864 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,605 | €6,469 | +€864 | +15.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.