UPACARA: what changed
UPACARA
Largest movements
- Current investments +€90,698
up €90,698 (+916%), from €9,900 to €100,598
- Cash -€52,994
down €52,994 (-37.5%), from €141,148 to €88,154
mainly Contributions, distributions and other (-€98,278) and Current investments (-€90,698)
- Receivables after one year -€14,393
down €14,393 (-32.3%), from €44,595 to €30,202
- Receivables within one year -€2,738
no longer reported in 2025 (was €2,738)
- Other debts +€71,838
up €71,838 (+338%), from €21,240 to €93,078
- Reserves -€50,580
down €50,580 (-29.8%), from €169,551 to €118,971
- Contributions -€5,200
down €5,200 (-83.9%), from €6,200 to €1,000
- Tax, wage and social debts +€3,792
up €3,792 (+151%), from €2,507 to €6,299
- Gross operating margin +€11,471
up €11,471 (+21.7%), from €52,897 to €64,368
- Taxes +€4,766
up €4,766 (+28.4%), from €16,762 to €21,527
- Financial income +€1,739
up €1,739 (+278%), from €625 to €2,364
- Depreciation -€1,607
down €1,607 (-47.4%), from €3,389 to €1,782
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,992 | €220,892 | +€19,900 | +9.9% |
| Fixed assets | 21/28 | €2,402 | €1,519 | -€883 | -36.7% |
| Tangible fixed assets | 22/27 | €2,402 | €1,519 | -€883 | -36.7% |
| Furniture and vehicles | 24 | €2,402 | €1,519 | -€883 | -36.7% |
| Current assets | 29/58 | €198,590 | €219,373 | +€20,783 | +10.5% |
| Amounts receivable after more than one year | 29 | €44,595 | €30,202 | -€14,393 | -32.3% |
| Other amounts receivable | 291 | €44,595 | €30,202 | -€14,393 | -32.3% |
| Amounts receivable within one year | 40/41 | €2,738 | - | -€2,738 | |
| Other amounts receivable | 41 | €2,738 | - | -€2,738 | |
| Current investments | 50/53 | €9,900 | €100,598 | +€90,698 | +916% |
| Cash at bank and in hand | 54/58 | €141,148 | €88,154 | -€52,994 | -37.5% |
| Deferred charges and accrued income | 490/1 | €208 | €419 | +€210 | +101% |
| Total equity and liabilities | 10/49 | €200,992 | €220,892 | +€19,900 | +9.9% |
| Equity | 10/15 | €175,751 | €119,971 | -€55,780 | -31.7% |
| Contributions | 10/11 | €6,200 | €1,000 | -€5,200 | -83.9% |
| Reserves | 13 | €169,551 | €118,971 | -€50,580 | -29.8% |
| Non-distributable reserves | 130/1 | €169,551 | €118,971 | -€50,580 | -29.8% |
| Reserves not available under the articles | 1311 | €169,551 | €118,971 | -€50,580 | -29.8% |
| Amounts payable | 17/49 | €25,241 | €100,921 | +€75,680 | +300% |
| Amounts payable within one year | 42/48 | €25,241 | €100,921 | +€75,680 | +300% |
| Trade debts | 44 | €1,494 | €1,544 | +€50 | +3.3% |
| Suppliers | 440/4 | €1,494 | €1,544 | +€50 | +3.3% |
| Taxes, remuneration and social security | 45 | €2,507 | €6,299 | +€3,792 | +151% |
| Taxes | 450/3 | €2,507 | €6,299 | +€3,792 | +151% |
| Other amounts payable | 47/48 | €21,240 | €93,078 | +€71,838 | +338% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,389 | €1,782 | -€1,607 | -47.4% |
| Other operating charges | 640/8 | €673 | €758 | +€85 | +12.7% |
| Gross operating margin | 9900 | €52,897 | €64,368 | +€11,471 | +21.7% |
| Operating profit (loss) | 9901 | €48,836 | €61,828 | +€12,992 | +26.6% |
| Financial income | 75/76B | €625 | €2,364 | +€1,739 | +278% |
| Recurring financial income | 75 | €625 | €2,364 | +€1,739 | +278% |
| Financial charges | 65/66B | €273 | €166 | -€107 | -39.2% |
| Recurring financial charges | 65 | €273 | €166 | -€107 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €49,188 | €64,026 | +€14,838 | +30.2% |
| Income taxes | 67/77 | €16,762 | €21,527 | +€4,766 | +28.4% |
| Profit (loss) for the period | 9904 | €32,426 | €42,499 | +€10,072 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,426 | €42,499 | +€10,072 | +31.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.