Up2Study: what changed
Two fiscal 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.
Up2Study
Largest movements
- Receivables within one year +€15,106
up €15,106 (+166.3%), from €9,086 to €24,191
of which Trade receivables: +€16,349
- Cash -€6,651
down €6,651 (-63.2%), from €10,525 to €3,874
mainly Receivables within one year (-€15,106) and Net result for the year (-€14,837)
- Financial fixed assets -€2,936
down €2,936 (-53.4%), from €5,495 to €2,559
- Deferred charges and accrued income +€1,120
up €1,120 (+32.6%), from €3,430 to €4,550
- Intangible fixed assets -€1,067
down €1,067 (-33.2%), from €3,211 to €2,145
- Trade debts +€16,221
up €16,221 (+1548.9%), from €1,047 to €17,269
- Profit (loss) carried forward -€14,837
down €14,837 (-1079.2%), from -€1,375 to -€16,212
- Contributions +€7,500
up €7,500 (+50.0%), from €15,000 to €22,500
- Other debts -€7,171
down €7,171 (-42.7%), from €16,805 to €9,634
- Tax, wage and social debts +€3,068
up €3,068 (+101.7%), from €3,017 to €6,084
- Gross operating margin -€26,013
down €26,013, from €15,961 to -€10,052
- Financial charges +€950
up €950 (+738.6%), from €129 to €1,079
- Depreciation +€703
up €703 (+30.3%), from €2,317 to €3,021
- Taxes -€514
down €514 (-100.0%), from €514 to €0
- Other operating charges +€302
up €302 (+78.5%), from €384 to €686
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.
Cash bridge derived
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 | €34,775 | €40,469 | +€5,694 | +16.4% |
| Fixed assets | 21/28 | €11,735 | €7,854 | -€3,881 | -33.1% |
| Intangible fixed assets | 21 | €3,211 | €2,145 | -€1,067 | -33.2% |
| Tangible fixed assets | 22/27 | €3,028 | €3,150 | +€122 | +4.0% |
| Furniture and vehicles | 24 | €3,028 | €3,150 | +€122 | +4.0% |
| Financial fixed assets | 28 | €5,495 | €2,559 | -€2,936 | -53.4% |
| Current assets | 29/58 | €23,041 | €32,615 | +€9,574 | +41.6% |
| Amounts receivable within one year | 40/41 | €9,086 | €24,191 | +€15,106 | +166.3% |
| Trade receivables | 40 | €7,462 | €23,811 | +€16,349 | +219.1% |
| Other amounts receivable | 41 | €1,623 | €380 | -€1,243 | -76.6% |
| Cash at bank and in hand | 54/58 | €10,525 | €3,874 | -€6,651 | -63.2% |
| Deferred charges and accrued income | 490/1 | €3,430 | €4,550 | +€1,120 | +32.6% |
| Total equity and liabilities | 10/49 | €34,775 | €40,469 | +€5,694 | +16.4% |
| Equity | 10/15 | €13,625 | €6,288 | -€7,337 | -53.8% |
| Contributions | 10/11 | €15,000 | €22,500 | +€7,500 | +50.0% |
| Profit (loss) carried forward | 14 | -€1,375 | -€16,212 | -€14,837 | -1079.2% |
| Amounts payable | 17/49 | €21,150 | €34,181 | +€13,031 | +61.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,869 | €32,987 | +€12,118 | +58.1% |
| Trade debts | 44 | €1,047 | €17,269 | +€16,221 | +1548.9% |
| Suppliers | 440/4 | €1,047 | €17,269 | +€16,221 | +1548.9% |
| Taxes, remuneration and social security | 45 | €3,017 | €6,084 | +€3,068 | +101.7% |
| Taxes | 450/3 | €3,017 | €6,084 | +€3,068 | +101.7% |
| Other amounts payable | 47/48 | €16,805 | €9,634 | -€7,171 | -42.7% |
| Accrued charges and deferred income | 492/3 | €281 | €1,194 | +€912 | +324.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,317 | €3,021 | +€703 | +30.3% |
| Other operating charges | 640/8 | €384 | €686 | +€302 | +78.5% |
| Gross operating margin | 9900 | €15,961 | -€10,052 | -€26,013 | |
| Operating profit (loss) | 9901 | €13,259 | -€13,759 | -€27,018 | |
| Financial income | 75/76B | €44 | €1 | -€44 | -98.7% |
| Recurring financial income | 75 | €44 | €1 | -€44 | -98.7% |
| Financial charges | 65/66B | €129 | €1,079 | +€950 | +738.6% |
| Recurring financial charges | 65 | €129 | €1,079 | +€950 | +738.6% |
| Profit (loss) for the period before taxes | 9903 | €13,175 | -€14,837 | -€28,012 | |
| Income taxes | 67/77 | €514 | €0 | -€514 | -100.0% |
| Profit (loss) for the period | 9904 | €12,661 | -€14,837 | -€27,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,661 | -€14,837 | -€27,498 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.