UpArt: 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.
UpArt
Largest movements
- Cash +€18,952
up €18,952 (+92.4%), from €20,507 to €39,459
mainly Net result for the year (+€15,995) and Tax, wage and social debts (+€1,754)
- Tangible fixed assets -€870
down €870 (-40.0%), from €2,173 to €1,303
- Profit (loss) carried forward +€15,995
up €15,995 (+136.6%), from €11,713 to €27,709
- Tax, wage and social debts +€1,754
up €1,754 (+18.0%), from €9,724 to €11,478
of which Taxes: +€1,704
- Trade debts +€653
up €653 (+53.6%), from €1,219 to €1,872
- Gross operating margin +€5,855
up €5,855 (+34.3%), from €17,084 to €22,939
- Taxes +€1,574
up €1,574 (+45.8%), from €3,438 to €5,012
- Depreciation +€434
up €434 (+99.5%), from €436 to €870
- Financial charges +€319
up €319 (+125.2%), from €255 to €573
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 | €32,375 | €51,157 | +€18,782 | +58.0% |
| Fixed assets | 21/28 | €2,173 | €1,303 | -€870 | -40.0% |
| Tangible fixed assets | 22/27 | €2,173 | €1,303 | -€870 | -40.0% |
| Furniture and vehicles | 24 | €2,173 | €1,303 | -€870 | -40.0% |
| Current assets | 29/58 | €30,202 | €49,854 | +€19,652 | +65.1% |
| Stocks and contracts in progress | 3 | €613 | €539 | -€74 | -12.1% |
| Stocks | 30/36 | €613 | €539 | -€74 | -12.1% |
| Amounts receivable within one year | 40/41 | €8,948 | €9,259 | +€310 | +3.5% |
| Trade receivables | 40 | €8,252 | €8,562 | +€310 | +3.8% |
| Other amounts receivable | 41 | €696 | €696 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,507 | €39,459 | +€18,952 | +92.4% |
| Deferred charges and accrued income | 490/1 | €134 | €598 | +€464 | +346.4% |
| Total equity and liabilities | 10/49 | €32,375 | €51,157 | +€18,782 | +58.0% |
| Equity | 10/15 | €14,713 | €30,709 | +€15,995 | +108.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,713 | €27,709 | +€15,995 | +136.6% |
| Amounts payable | 17/49 | €17,662 | €20,449 | +€2,787 | +15.8% |
| Amounts payable within one year | 42/48 | €17,424 | €19,976 | +€2,552 | +14.6% |
| Trade debts | 44 | €1,219 | €1,872 | +€653 | +53.6% |
| Suppliers | 440/4 | €1,219 | €1,872 | +€653 | +53.6% |
| Taxes, remuneration and social security | 45 | €9,724 | €11,478 | +€1,754 | +18.0% |
| Taxes | 450/3 | €8,324 | €10,028 | +€1,704 | +20.5% |
| Remuneration and social security | 454/9 | €1,400 | €1,450 | +€50 | +3.6% |
| Other amounts payable | 47/48 | €6,481 | €6,626 | +€145 | +2.2% |
| Accrued charges and deferred income | 492/3 | €238 | €473 | +€235 | +99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €870 | +€434 | +99.5% |
| Other operating charges | 640/8 | €643 | €489 | -€154 | -24.0% |
| Gross operating margin | 9900 | €17,084 | €22,939 | +€5,855 | +34.3% |
| Operating profit (loss) | 9901 | €16,005 | €21,581 | +€5,575 | +34.8% |
| Financial charges | 65/66B | €255 | €573 | +€319 | +125.2% |
| Recurring financial charges | 65 | €255 | €573 | +€319 | +125.2% |
| Profit (loss) for the period before taxes | 9903 | €15,751 | €21,008 | +€5,257 | +33.4% |
| Income taxes | 67/77 | €3,438 | €5,012 | +€1,574 | +45.8% |
| Profit (loss) for the period | 9904 | €12,313 | €15,995 | +€3,682 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,313 | €15,995 | +€3,682 | +29.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.