UP2U: 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.
What changed
UP2U
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€152,938
2024 · €287,040-€439,978
Equity
€1.3m
2024 · €1.5m-€152,938
Cash
€43,122
2024 · €33,129+€9,992
Balance sheet total
€6.7m
2024 · €6.6m+€33,409
Largest movements
Assets
- Receivables within one year +€80,896
up €80,896 (+191.3%), from €42,293 to €123,189
of which Trade receivables: +€51,028
Equity and liabilities
- Debts after one year +€218,200
up €218,200 (+9.1%), from €2.4m to €2.6m
of which Other amounts payable: +€313,305
- Profit (loss) carried forward -€152,938
down €152,938, from €80,333 to -€72,604
Income statement
- Gross operating margin -€622,254
down €622,254 (-71.5%), from €869,978 to €247,724
- Taxes -€130,179
down €130,179 (-96.6%), from €134,738 to €4,559
- Depreciation -€85,934
down €85,934 (-38.7%), from €221,942 to €136,008
- Financial charges -€18,072
down €18,072 (-7.4%), from €243,820 to €225,748
- Provisions +€17,159
up €17,159 (+48.2%), from -€35,583 to -€18,424
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.
Result 2024
€287,040
Gross operating margin
-€622,254
Depreciation
+€85,934
Provisions
-€17,159
Other operating charges
+€7,251
Other operating items
-€42,000
Financial income
-€0
Financial charges
+€18,072
Taxes
+€130,179
Result 2025
-€152,938
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.
From operations
-€101,828
Investment
-€78,590
Financing
+€190,410
Cash 2024
€33,129
From operations (derived)
-€101,828
Net result for the year
-€152,938
Depreciation
+€136,008
Receivables within one year
-€80,896
Deferred charges and accrued income
+€61
Provisions
-€18,424
Trade debts
+€13,329
Tax, wage and social debts
+€2,079
Accrued charges and deferred income
-€1,047
Investment (derived)
-€78,590
Investment in fixed assets (net)
-€78,590
Financing
+€190,410
Debts after one year
+€218,200
Current portion of long-term debt
-€27,790
Cash 2025
€43,122
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,649,245 | €6,682,654 | +€33,409 | +0.5% |
| Fixed assets | 21/28 | €6,570,546 | €6,513,128 | -€57,418 | -0.9% |
| Tangible fixed assets | 22/27 | €4,366,378 | €4,309,450 | -€56,928 | -1.3% |
| Land and buildings | 22 | €4,066,665 | €4,024,098 | -€42,567 | -1.0% |
| Plant, machinery and equipment | 23 | €221,730 | €207,428 | -€14,302 | -6.5% |
| Furniture and vehicles | 24 | €77,983 | €77,924 | -€59 | -0.1% |
| Financial fixed assets | 28 | €2,204,168 | €2,203,678 | -€490 | 0.0% |
| Current assets | 29/58 | €78,699 | €169,526 | +€90,827 | +115.4% |
| Amounts receivable within one year | 40/41 | €42,293 | €123,189 | +€80,896 | +191.3% |
| Trade receivables | 40 | €40,241 | €91,269 | +€51,028 | +126.8% |
| Other amounts receivable | 41 | €2,052 | €31,920 | +€29,868 | +1455.4% |
| Cash at bank and in hand | 54/58 | €33,129 | €43,122 | +€9,992 | +30.2% |
| Deferred charges and accrued income | 490/1 | €3,277 | €3,216 | -€61 | -1.9% |
| Total equity and liabilities | 10/49 | €6,649,245 | €6,682,654 | +€33,409 | +0.5% |
| Equity | 10/15 | €1,469,693 | €1,316,756 | -€152,938 | -10.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,368,900 | €1,368,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,500 | - | -€52,500 | |
| Distributable reserves | 133 | €1,316,400 | €1,368,900 | +€52,500 | +4.0% |
| Profit (loss) carried forward | 14 | €80,333 | -€72,604 | -€152,938 | |
| Provisions and deferred taxes | 16 | €2,584,342 | €2,565,918 | -€18,424 | -0.7% |
| Deferred taxes | 168 | €2,584,342 | €2,565,918 | -€18,424 | -0.7% |
| Amounts payable | 17/49 | €2,595,210 | €2,799,981 | +€204,771 | +7.9% |
| Amounts payable after more than one year | 17 | €2,401,917 | €2,620,117 | +€218,200 | +9.1% |
| Financial debts | 170/4 | €493,246 | €398,141 | -€95,105 | -19.3% |
| Other amounts payable | 178/9 | €1,908,671 | €2,221,975 | +€313,305 | +16.4% |
| Amounts payable within one year | 42/48 | €191,391 | €179,009 | -€12,382 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €122,895 | €95,105 | -€27,790 | -22.6% |
| Trade debts | 44 | €4,791 | €18,120 | +€13,329 | +278.2% |
| Suppliers | 440/4 | €4,791 | €18,120 | +€13,329 | +278.2% |
| Taxes, remuneration and social security | 45 | €63,705 | €65,784 | +€2,079 | +3.3% |
| Taxes | 450/3 | €63,705 | €65,784 | +€2,079 | +3.3% |
| Accrued charges and deferred income | 492/3 | €1,902 | €855 | -€1,047 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,942 | €136,008 | -€85,934 | -38.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€35,583 | -€18,424 | +€17,159 | +48.2% |
| Other operating charges | 640/8 | €18,023 | €10,771 | -€7,251 | -40.2% |
| Non-recurring operating charges | 66A | - | €42,000 | +€42,000 | |
| Gross operating margin | 9900 | €869,978 | €247,724 | -€622,254 | -71.5% |
| Operating profit (loss) | 9901 | €665,597 | €77,368 | -€588,228 | -88.4% |
| Financial income | 75/76B | €1 | €1 | -€0 | -13.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -13.5% |
| Financial charges | 65/66B | €243,820 | €225,748 | -€18,072 | -7.4% |
| Recurring financial charges | 65 | €243,820 | €225,748 | -€18,072 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €421,777 | -€148,379 | -€570,156 | |
| Income taxes | 67/77 | €134,738 | €4,559 | -€130,179 | -96.6% |
| Profit (loss) for the period | 9904 | €287,040 | -€152,938 | -€439,978 | |
| Profit (loss) for the period to be appropriated | 9905 | €287,040 | -€152,938 | -€439,978 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.