UP2: 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.
UP2
Largest movements
- Receivables within one year -€222,487
down €222,487 (-56.3%), from €395,040 to €172,553
- Trade debts -€189,661
down €189,661 (-52.3%), from €362,820 to €173,159
- Debts after one year -€130,000
down €130,000 (-19.3%), from €675,000 to €545,000
- Reserves +€83,610
up €83,610 (+70.0%), from €119,515 to €203,125
of which Distributable reserves: +€79,430
- Services and other goods -€157,814
down €157,814 (-19.8%), from €795,131 to €637,317
- Turnover -€141,000
down €141,000 (-15.5%), from €909,000 to €768,000
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 | €1,645,703 | €1,424,384 | -€221,319 | -13.4% |
| Fixed assets | 21/28 | €1,250,000 | €1,250,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,250,000 | €1,250,000 | = | 0.0% |
| Affiliated companies | 280/1 | €1,250,000 | €1,250,000 | = | 0.0% |
| Participating interests | 280 | €1,250,000 | €1,250,000 | = | 0.0% |
| Current assets | 29/58 | €395,703 | €174,384 | -€221,319 | -55.9% |
| Amounts receivable within one year | 40/41 | €395,040 | €172,553 | -€222,487 | -56.3% |
| Trade receivables | 40 | €395,040 | €172,553 | -€222,487 | -56.3% |
| Cash at bank and in hand | 54/58 | €663 | €1,832 | +€1,169 | +176% |
| Total equity and liabilities | 10/49 | €1,645,703 | €1,424,384 | -€221,319 | -13.4% |
| Equity | 10/15 | €419,515 | €503,125 | +€83,610 | +19.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €119,515 | €203,125 | +€83,610 | +70.0% |
| Non-distributable reserves | 130/1 | €5,976 | €10,156 | +€4,181 | +70.0% |
| Legal reserve | 130 | €5,976 | €10,156 | +€4,181 | +70.0% |
| Distributable reserves | 133 | €113,539 | €192,969 | +€79,430 | +70.0% |
| Amounts payable | 17/49 | €1,226,188 | €921,259 | -€304,929 | -24.9% |
| Amounts payable after more than one year | 17 | €675,000 | €545,000 | -€130,000 | -19.3% |
| Financial debts | 170/4 | €675,000 | €545,000 | -€130,000 | -19.3% |
| Subordinated loans | 170 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 173 | €325,000 | €195,000 | -€130,000 | -40.0% |
| Amounts payable within one year | 42/48 | €539,501 | €359,322 | -€180,179 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €130,000 | €130,000 | = | 0.0% |
| Trade debts | 44 | €362,820 | €173,159 | -€189,661 | -52.3% |
| Suppliers | 440/4 | €362,820 | €173,159 | -€189,661 | -52.3% |
| Taxes, remuneration and social security | 45 | €46,681 | €56,163 | +€9,482 | +20.3% |
| Taxes | 450/3 | €46,681 | €56,163 | +€9,482 | +20.3% |
| Accrued charges and deferred income | 492/3 | €11,688 | €16,938 | +€5,250 | +44.9% |
| Operating income | 70/76A | €909,000 | €776,250 | -€132,750 | -14.6% |
| Turnover | 70 | €909,000 | €768,000 | -€141,000 | -15.5% |
| Other operating income | 74 | - | €8,250 | +€8,250 | |
| Operating charges | 60/66A | €795,636 | €638,655 | -€156,981 | -19.7% |
| Services and other goods | 61 | €795,131 | €637,317 | -€157,814 | -19.8% |
| Other operating charges | 640/8 | €505 | €1,338 | +€833 | +165% |
| Operating profit (loss) | 9901 | €113,364 | €137,595 | +€24,231 | +21.4% |
| Financial charges | 65/66B | €29,066 | €23,523 | -€5,543 | -19.1% |
| Recurring financial charges | 65 | €29,066 | €23,523 | -€5,543 | -19.1% |
| Debt charges | 650 | €28,731 | €22,935 | -€5,796 | -20.2% |
| Other financial charges | 652/9 | €335 | €588 | +€253 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | €84,298 | €114,072 | +€29,774 | +35.3% |
| Income taxes | 67/77 | €22,971 | €30,462 | +€7,490 | +32.6% |
| Taxes | 670/3 | €22,971 | €30,462 | +€7,490 | +32.6% |
| Profit (loss) for the period | 9904 | €61,327 | €83,610 | +€22,284 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,327 | €83,610 | +€22,284 | +36.3% |
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 24 October 2026 via checked.be.