UP4CA: 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.
UP4CA
Largest movements
- Receivables within one year -€69,698
down €69,698 (-70.7%), from €98,632 to €28,934
of which Other amounts receivable: -€61,448
- Cash -€11,833
down €11,833 (-9.6%), from €123,124 to €111,291
mainly Contributions, distributions and other (-€281,176) and Trade debts (-€14,487)
- Reserves -€180,157
down €180,157 (-91.0%), from €198,066 to €17,909
- Other debts +€108,476
new in 2025: €108,476
- Trade debts -€14,487
down €14,487 (-77.5%), from €18,682 to €4,195
- Tax, wage and social debts +€2,390
up €2,390 (+22.6%), from €10,583 to €12,974
of which Remuneration and social security: +€5,921
- Gross operating margin +€5,252
up €5,252 (+4.3%), from €123,503 to €128,756
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 | €229,331 | €145,553 | -€83,778 | -36.5% |
| Fixed assets | 21/28 | €4,760 | €3,378 | -€1,382 | -29.0% |
| Tangible fixed assets | 22/27 | €4,760 | €3,378 | -€1,382 | -29.0% |
| Plant, machinery and equipment | 23 | €330 | - | -€330 | |
| Furniture and vehicles | 24 | €4,430 | €3,378 | -€1,051 | -23.7% |
| Current assets | 29/58 | €224,571 | €142,175 | -€82,396 | -36.7% |
| Amounts receivable within one year | 40/41 | €98,632 | €28,934 | -€69,698 | -70.7% |
| Trade receivables | 40 | €33,000 | €24,749 | -€8,250 | -25.0% |
| Other amounts receivable | 41 | €65,632 | €4,184 | -€61,448 | -93.6% |
| Cash at bank and in hand | 54/58 | €123,124 | €111,291 | -€11,833 | -9.6% |
| Deferred charges and accrued income | 490/1 | €2,815 | €1,950 | -€865 | -30.7% |
| Total equity and liabilities | 10/49 | €229,331 | €145,553 | -€83,778 | -36.5% |
| Equity | 10/15 | €200,066 | €19,909 | -€180,157 | -90.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €198,066 | €17,909 | -€180,157 | -91.0% |
| Distributable reserves | 133 | €198,066 | €17,909 | -€180,157 | -91.0% |
| Amounts payable | 17/49 | €29,265 | €125,645 | +€96,379 | +329.3% |
| Amounts payable within one year | 42/48 | €29,265 | €125,645 | +€96,379 | +329.3% |
| Trade debts | 44 | €18,682 | €4,195 | -€14,487 | -77.5% |
| Suppliers | 440/4 | €18,682 | €4,195 | -€14,487 | -77.5% |
| Taxes, remuneration and social security | 45 | €10,583 | €12,974 | +€2,390 | +22.6% |
| Taxes | 450/3 | €10,583 | €7,053 | -€3,531 | -33.4% |
| Remuneration and social security | 454/9 | - | €5,921 | +€5,921 | |
| Other amounts payable | 47/48 | - | €108,476 | +€108,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,410 | €1,382 | -€28 | -2.0% |
| Other operating charges | 640/8 | €744 | €767 | +€24 | +3.2% |
| Gross operating margin | 9900 | €123,503 | €128,756 | +€5,252 | +4.3% |
| Operating profit (loss) | 9901 | €121,350 | €126,607 | +€5,257 | +4.3% |
| Financial income | 75/76B | €3,703 | €4,414 | +€711 | +19.2% |
| Recurring financial income | 75 | €3,703 | €4,414 | +€711 | +19.2% |
| Financial charges | 65/66B | €2,037 | €1,390 | -€647 | -31.8% |
| Recurring financial charges | 65 | €2,037 | €1,390 | -€647 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €123,015 | €129,631 | +€6,616 | +5.4% |
| Income taxes | 67/77 | €27,677 | €28,612 | +€935 | +3.4% |
| Profit (loss) for the period | 9904 | €95,338 | €101,019 | +€5,681 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,338 | €101,019 | +€5,681 | +6.0% |
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 3 October 2026 via checked.be.