Upchained: 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.
Upchained
Largest movements
- Receivables within one year -€31,650
down €31,650 (-15.1%), from €209,652 to €178,002
of which Other amounts receivable: -€64,814
- Profit (loss) carried forward -€231,025
down €231,025 (-56.7%), from -€407,711 to -€638,736
- Other debts +€135,979
up €135,979 (+28.7%), from €473,816 to €609,795
- Trade debts +€47,787
up €47,787 (+52.3%), from €91,314 to €139,101
- Tax, wage and social debts +€13,961
up €13,961 (+305.8%), from €4,566 to €18,526
of which Remuneration and social security: +€13,767
- Turnover +€372,412
up €372,412 (+73.7%), from €505,359 to €877,771
- Gross operating margin +€324,683
up €324,683 (+91.6%), from -€354,443 to -€29,759
- Staff costs +€134,801
up €134,801 (+353.1%), from €38,178 to €172,979
- Purchases and services +€48,498
up €48,498 (+5.6%), from €860,918 to €909,416
- Financial charges +€14,221
up €14,221 (+126.4%), from €11,248 to €25,469
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 | €223,984 | €190,686 | -€33,299 | -14.9% |
| Fixed assets | 21/28 | €4,063 | €3,707 | -€355 | -8.7% |
| Tangible fixed assets | 22/27 | €4,063 | €3,707 | -€355 | -8.7% |
| Plant, machinery and equipment | 23 | €4,063 | €3,707 | -€355 | -8.7% |
| Current assets | 29/58 | €219,922 | €186,978 | -€32,944 | -15.0% |
| Amounts receivable within one year | 40/41 | €209,652 | €178,002 | -€31,650 | -15.1% |
| Trade receivables | 40 | €135,113 | €168,277 | +€33,164 | +24.5% |
| Other amounts receivable | 41 | €74,539 | €9,725 | -€64,814 | -87.0% |
| Cash at bank and in hand | 54/58 | €5,662 | €6,245 | +€583 | +10.3% |
| Deferred charges and accrued income | 490/1 | €4,608 | €2,731 | -€1,877 | -40.7% |
| Total equity and liabilities | 10/49 | €223,984 | €190,686 | -€33,299 | -14.9% |
| Equity | 10/15 | -€345,711 | -€576,736 | -€231,025 | -66.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€407,711 | -€638,736 | -€231,025 | -56.7% |
| Amounts payable | 17/49 | €569,695 | €767,421 | +€197,726 | +34.7% |
| Amounts payable within one year | 42/48 | €569,695 | €767,421 | +€197,726 | +34.7% |
| Trade debts | 44 | €91,314 | €139,101 | +€47,787 | +52.3% |
| Suppliers | 440/4 | €91,314 | €139,101 | +€47,787 | +52.3% |
| Taxes, remuneration and social security | 45 | €4,566 | €18,526 | +€13,961 | +305.8% |
| Taxes | 450/3 | - | €194 | +€194 | |
| Remuneration and social security | 454/9 | €4,566 | €18,333 | +€13,767 | +301.5% |
| Other amounts payable | 47/48 | €473,816 | €609,795 | +€135,979 | +28.7% |
| Turnover | 70 | €505,359 | €877,771 | +€372,412 | +73.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €860,918 | €909,416 | +€48,498 | +5.6% |
| Remuneration, social security and pensions | 62 | €38,178 | €172,979 | +€134,801 | +353.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €1,815 | -€185 | -9.3% |
| Other operating charges | 640/8 | €1,789 | €1,029 | -€759 | -42.5% |
| Gross operating margin | 9900 | -€354,443 | -€29,759 | +€324,683 | +91.6% |
| Operating profit (loss) | 9901 | -€396,410 | -€205,583 | +€190,827 | +48.1% |
| Financial income | 75/76B | €53 | €337 | +€284 | +537.7% |
| Recurring financial income | 75 | €53 | €337 | +€284 | +537.7% |
| Financial charges | 65/66B | €11,248 | €25,469 | +€14,221 | +126.4% |
| Recurring financial charges | 65 | €11,248 | €25,469 | +€14,221 | +126.4% |
| Profit (loss) for the period before taxes | 9903 | -€407,605 | -€230,716 | +€176,889 | +43.4% |
| Income taxes | 67/77 | €106 | €309 | +€203 | +192.0% |
| Profit (loss) for the period | 9904 | -€407,711 | -€231,025 | +€176,686 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€407,711 | -€231,025 | +€176,686 | +43.3% |
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 9 October 2026 via checked.be.