UP2ME: 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.
UP2ME
Largest movements
- Tangible fixed assets -€19,766
down €19,766 (-22.4%), from €88,113 to €68,347
of which Land and buildings: -€12,355
- Receivables within one year -€4,997
down €4,997 (-9.5%), from €52,765 to €47,767
of which Trade receivables: -€10,418
- Deferred charges and accrued income -€4,898
down €4,898 (-84.7%), from €5,781 to €883
- Cash -€2,035
down €2,035 (-22.9%), from €8,888 to €6,853
mainly Debts after one year (-€18,114) and Trade debts (-€9,541)
- Debts after one year -€18,114
down €18,114 (-22.3%), from €81,180 to €63,066
- Trade debts -€9,541
down €9,541 (-66.5%), from €14,357 to €4,817
- Tax, wage and social debts -€8,818
down €8,818 (-39.9%), from €22,103 to €13,285
- Reserves +€5,819
up €5,819 (+313%), from €1,860 to €7,679
- Current portion of long-term debt -€3,734
down €3,734 (-14.4%), from €25,896 to €22,163
- Gross operating margin -€9,808
down €9,808 (-17.8%), from €55,112 to €45,305
- Taxes -€665
down €665 (-11.9%), from €5,599 to €4,933
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 | €156,147 | €124,450 | -€31,696 | -20.3% |
| Fixed assets | 21/28 | €88,713 | €68,947 | -€19,766 | -22.3% |
| Tangible fixed assets | 22/27 | €88,113 | €68,347 | -€19,766 | -22.4% |
| Land and buildings | 22 | €70,984 | €58,629 | -€12,355 | -17.4% |
| Plant, machinery and equipment | 23 | €2,429 | €1,512 | -€917 | -37.7% |
| Furniture and vehicles | 24 | €14,700 | €8,206 | -€6,494 | -44.2% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €67,434 | €55,503 | -€11,930 | -17.7% |
| Amounts receivable within one year | 40/41 | €52,765 | €47,767 | -€4,997 | -9.5% |
| Trade receivables | 40 | €47,496 | €37,078 | -€10,418 | -21.9% |
| Other amounts receivable | 41 | €5,268 | €10,689 | +€5,421 | +103% |
| Cash at bank and in hand | 54/58 | €8,888 | €6,853 | -€2,035 | -22.9% |
| Deferred charges and accrued income | 490/1 | €5,781 | €883 | -€4,898 | -84.7% |
| Total equity and liabilities | 10/49 | €156,147 | €124,450 | -€31,696 | -20.3% |
| Equity | 10/15 | €6,760 | €13,879 | +€7,119 | +105% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €7,679 | +€5,819 | +313% |
| Distributable reserves | 133 | €1,860 | €7,679 | +€5,819 | +313% |
| Profit (loss) carried forward | 14 | -€1,300 | €0 | +€1,300 | |
| Amounts payable | 17/49 | €149,387 | €110,571 | -€38,815 | -26.0% |
| Amounts payable after more than one year | 17 | €81,180 | €63,066 | -€18,114 | -22.3% |
| Financial debts | 170/4 | €81,180 | €63,066 | -€18,114 | -22.3% |
| Amounts payable within one year | 42/48 | €68,207 | €47,505 | -€20,701 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €25,896 | €22,163 | -€3,734 | -14.4% |
| Financial debts | 43 | €2,750 | €4,141 | +€1,391 | +50.6% |
| Credit institutions | 430/8 | €2,750 | €4,141 | +€1,391 | +50.6% |
| Trade debts | 44 | €14,357 | €4,817 | -€9,541 | -66.5% |
| Suppliers | 440/4 | €14,357 | €4,817 | -€9,541 | -66.5% |
| Taxes, remuneration and social security | 45 | €22,103 | €13,285 | -€8,818 | -39.9% |
| Taxes | 450/3 | €22,103 | €13,285 | -€8,818 | -39.9% |
| Other amounts payable | 47/48 | €3,100 | €3,100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,321 | €23,982 | -€339 | -1.4% |
| Other operating charges | 640/8 | €4,877 | €4,482 | -€395 | -8.1% |
| Gross operating margin | 9900 | €55,112 | €45,305 | -€9,808 | -17.8% |
| Operating profit (loss) | 9901 | €25,914 | €16,841 | -€9,073 | -35.0% |
| Financial income | 75/76B | €193 | €433 | +€240 | +124% |
| Recurring financial income | 75 | €193 | €433 | +€240 | +124% |
| Financial charges | 65/66B | €5,623 | €5,221 | -€402 | -7.1% |
| Recurring financial charges | 65 | €5,623 | €5,221 | -€402 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €20,485 | €12,052 | -€8,432 | -41.2% |
| Income taxes | 67/77 | €5,599 | €4,933 | -€665 | -11.9% |
| Profit (loss) for the period | 9904 | €14,886 | €7,119 | -€7,767 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,886 | €7,119 | -€7,767 | -52.2% |
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 14 October 2026 via checked.be.