Up We Go: 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 We Go
Largest movements
- Receivables after one year -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash -€42,522
down €42,522 (-45.3%), from €93,891 to €51,369
mainly Contributions, distributions and other (-€148,529) and Tax, wage and social debts (-€23,350)
- Receivables within one year +€4,982
up €4,982 (+31.6%), from €15,747 to €20,729
of which Other amounts receivable: +€3,363
- Tangible fixed assets -€3,569
down €3,569 (-15.6%), from €22,866 to €19,297
of which Other tangible fixed assets: -€2,225
- Reserves -€75,921
down €75,921 (-48.6%), from €156,305 to €80,384
- Tax, wage and social debts -€23,350
down €23,350 (-83.9%), from €27,841 to €4,491
- Gross operating margin +€39,243
up €39,243 (+66.4%), from €59,061 to €98,304
- Taxes +€7,646
up €7,646 (+65.5%), from €11,677 to €19,323
- Financial income -€2,199
down €2,199 (-100%), from €2,199 to €0
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 | €193,308 | €92,181 | -€101,127 | -52.3% |
| Fixed assets | 21/28 | €22,866 | €19,297 | -€3,569 | -15.6% |
| Tangible fixed assets | 22/27 | €22,866 | €19,297 | -€3,569 | -15.6% |
| Furniture and vehicles | 24 | €4,430 | €3,086 | -€1,344 | -30.3% |
| Other tangible fixed assets | 26 | €18,436 | €16,211 | -€2,225 | -12.1% |
| Current assets | 29/58 | €170,442 | €72,884 | -€97,558 | -57.2% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100% |
| Amounts receivable within one year | 40/41 | €15,747 | €20,729 | +€4,982 | +31.6% |
| Trade receivables | 40 | €13,310 | €14,929 | +€1,619 | +12.2% |
| Other amounts receivable | 41 | €2,437 | €5,800 | +€3,363 | +138% |
| Cash at bank and in hand | 54/58 | €93,891 | €51,369 | -€42,522 | -45.3% |
| Deferred charges and accrued income | 490/1 | €804 | €786 | -€18 | -2.2% |
| Total equity and liabilities | 10/49 | €193,308 | €92,181 | -€101,127 | -52.3% |
| Equity | 10/15 | €161,305 | €85,384 | -€75,921 | -47.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €156,305 | €80,384 | -€75,921 | -48.6% |
| Distributable reserves | 133 | €156,305 | €80,384 | -€75,921 | -48.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,003 | €6,796 | -€25,206 | -78.8% |
| Amounts payable within one year | 42/48 | €31,820 | €6,282 | -€25,538 | -80.3% |
| Trade debts | 44 | €3,396 | €1,535 | -€1,861 | -54.8% |
| Suppliers | 440/4 | €3,396 | €1,535 | -€1,861 | -54.8% |
| Taxes, remuneration and social security | 45 | €27,841 | €4,491 | -€23,350 | -83.9% |
| Taxes | 450/3 | €27,841 | €4,491 | -€23,350 | -83.9% |
| Other amounts payable | 47/48 | €583 | €256 | -€327 | -56.1% |
| Accrued charges and deferred income | 492/3 | €183 | €515 | +€332 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,569 | €3,569 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,127 | €790 | -€338 | -30.0% |
| Gross operating margin | 9900 | €59,061 | €98,304 | +€39,243 | +66.4% |
| Operating profit (loss) | 9901 | €54,365 | €93,945 | +€39,581 | +72.8% |
| Financial income | 75/76B | €2,199 | €0 | -€2,199 | -100% |
| Recurring financial income | 75 | €2,199 | €0 | -€2,199 | -100% |
| Financial charges | 65/66B | €2,351 | €2,013 | -€338 | -14.4% |
| Recurring financial charges | 65 | €2,351 | €2,013 | -€338 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €54,212 | €91,932 | +€37,720 | +69.6% |
| Income taxes | 67/77 | €11,677 | €19,323 | +€7,646 | +65.5% |
| Profit (loss) for the period | 9904 | €42,536 | €72,609 | +€30,073 | +70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,536 | €72,609 | +€30,073 | +70.7% |
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 26 October 2026 via checked.be.