UP2 SA-NV: 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 SA-NV
Largest movements
- Receivables within one year -€34,132
down €34,132 (-95.7%), from €35,655 to €1,523
of which Trade receivables: -€24,922
- Cash -€1,053
down €1,053 (-52.3%), from €2,011 to €958
mainly Other debts (-€19,031) and Trade debts (-€15,800)
- Other debts -€19,031
down €19,031 (-51.1%), from €37,246 to €18,215
- Trade debts -€15,800
down €15,800 (-100%), from €15,800 to €0
- Profit (loss) carried forward -€5,068
down €5,068 (-8.6%), from -€58,855 to -€63,923
- Tax, wage and social debts +€4,715
new in 2024: €4,715
of which Taxes: +€4,715
- Gross operating margin -€2,766
down €2,766 (-522%), from -€530 to -€3,296
- Other operating charges +€1,350
up €1,350 (+352%), from €384 to €1,734
- Purchases and services -€530
no longer reported in 2024 (was €530)
- Financial charges -€96
down €96 (-72.0%), from €133 to €37
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,191 | €21,007 | -€35,184 | -62.6% |
| Fixed assets | 21/28 | €18,525 | €18,525 | +€0 | 0.0% |
| Tangible fixed assets | 22/27 | €18,525 | €18,525 | +€0 | 0.0% |
| Furniture and vehicles | 24 | €18,525 | €18,525 | +€0 | 0.0% |
| Current assets | 29/58 | €37,666 | €2,481 | -€35,185 | -93.4% |
| Amounts receivable within one year | 40/41 | €35,655 | €1,523 | -€34,132 | -95.7% |
| Trade receivables | 40 | €24,922 | €0 | -€24,922 | -100% |
| Other amounts receivable | 41 | €10,733 | €1,523 | -€9,210 | -85.8% |
| Cash at bank and in hand | 54/58 | €2,011 | €958 | -€1,053 | -52.3% |
| Total equity and liabilities | 10/49 | €56,191 | €21,007 | -€35,184 | -62.6% |
| Equity | 10/15 | €3,145 | -€1,923 | -€5,068 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,855 | -€63,923 | -€5,068 | -8.6% |
| Amounts payable | 17/49 | €53,046 | €22,930 | -€30,116 | -56.8% |
| Amounts payable within one year | 42/48 | €53,046 | €22,930 | -€30,116 | -56.8% |
| Trade debts | 44 | €15,800 | €0 | -€15,800 | -100% |
| Suppliers | 440/4 | €15,800 | €0 | -€15,800 | -100% |
| Taxes, remuneration and social security | 45 | - | €4,715 | +€4,715 | |
| Taxes | 450/3 | - | €4,715 | +€4,715 | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €37,246 | €18,215 | -€19,031 | -51.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €530 | - | -€530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,337 | €7,337 | -€0 | 0.0% |
| Other operating charges | 640/8 | €384 | €1,734 | +€1,350 | +352% |
| Gross operating margin | 9900 | -€530 | -€3,296 | -€2,766 | -522% |
| Operating profit (loss) | 9901 | -€8,251 | -€12,367 | -€4,116 | -49.9% |
| Financial charges | 65/66B | €133 | €37 | -€96 | -72.0% |
| Recurring financial charges | 65 | €133 | €37 | -€96 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,384 | -€12,405 | -€4,021 | -48.0% |
| Profit (loss) for the period | 9904 | -€8,384 | -€12,405 | -€4,021 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,384 | -€12,405 | -€4,021 | -48.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.