Upendi: 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.
Upendi
Largest movements
- Cash -€3,822
down €3,822 (-13.5%), from €28,387 to €24,565
mainly Other debts (-€3,040) and Investment in fixed assets (net) (-€2,143)
- Intangible fixed assets -€1,206
down €1,206 (-38.7%), from €3,119 to €1,913
- Receivables within one year -€1,020
down €1,020 (-4.6%), from €22,397 to €21,378
of which Trade receivables: -€1,027
- Tangible fixed assets +€696
up €696 (+12.1%), from €5,775 to €6,471
of which Furniture and vehicles: +€1,859
- Other debts -€3,040
down €3,040 (-18.9%), from €16,064 to €13,025
- Current portion of long-term debt -€2,039
down €2,039 (-100%), from €2,039 to €0
- Profit (loss) carried forward +€1,877
up €1,877 (+26.0%), from -€7,220 to -€5,343
- Trade debts -€1,784
down €1,784 (-13.3%), from €13,453 to €11,670
- Gross operating margin -€8,767
down €8,767 (-43.9%), from €19,969 to €11,202
- Taxes +€2,152
up €2,152 (+1,426%), from €151 to €2,303
- Financial charges -€1,351
down €1,351 (-64.0%), from €2,112 to €761
- Other operating charges +€594
up €594 (+19.2%), from €3,089 to €3,683
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.
Derived cash bridge
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 | €61,434 | €56,096 | -€5,338 | -8.7% |
| Fixed assets | 21/28 | €9,197 | €8,687 | -€510 | -5.5% |
| Intangible fixed assets | 21 | €3,119 | €1,913 | -€1,206 | -38.7% |
| Tangible fixed assets | 22/27 | €5,775 | €6,471 | +€696 | +12.1% |
| Furniture and vehicles | 24 | €0 | €1,859 | +€1,859 | |
| Other tangible fixed assets | 26 | €5,775 | €4,612 | -€1,163 | -20.1% |
| Financial fixed assets | 28 | €303 | €303 | = | 0.0% |
| Current assets | 29/58 | €52,237 | €47,409 | -€4,828 | -9.2% |
| Amounts receivable within one year | 40/41 | €22,397 | €21,378 | -€1,020 | -4.6% |
| Trade receivables | 40 | €22,397 | €21,370 | -€1,027 | -4.6% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €28,387 | €24,565 | -€3,822 | -13.5% |
| Deferred charges and accrued income | 490/1 | €1,453 | €1,466 | +€14 | +0.9% |
| Total equity and liabilities | 10/49 | €61,434 | €56,096 | -€5,338 | -8.7% |
| Equity | 10/15 | €5,280 | €7,157 | +€1,877 | +35.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,220 | -€5,343 | +€1,877 | +26.0% |
| Amounts payable | 17/49 | €56,154 | €48,940 | -€7,214 | -12.8% |
| Amounts payable after more than one year | 17 | €14,000 | €14,000 | = | 0.0% |
| Financial debts | 170/4 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,154 | €34,940 | -€7,214 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €2,039 | €0 | -€2,039 | -100% |
| Trade debts | 44 | €13,453 | €11,670 | -€1,784 | -13.3% |
| Suppliers | 440/4 | €13,453 | €11,670 | -€1,784 | -13.3% |
| Taxes, remuneration and social security | 45 | €10,598 | €10,245 | -€353 | -3.3% |
| Taxes | 450/3 | €8,368 | €8,005 | -€363 | -4.3% |
| Remuneration and social security | 454/9 | €2,230 | €2,240 | +€10 | +0.4% |
| Other amounts payable | 47/48 | €16,064 | €13,025 | -€3,040 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,740 | €2,653 | -€88 | -3.2% |
| Other operating charges | 640/8 | €3,089 | €3,683 | +€594 | +19.2% |
| Gross operating margin | 9900 | €19,969 | €11,202 | -€8,767 | -43.9% |
| Operating profit (loss) | 9901 | €14,139 | €4,866 | -€9,273 | -65.6% |
| Financial income | 75/76B | €69 | €75 | +€6 | +8.3% |
| Recurring financial income | 75 | €69 | €75 | +€6 | +8.3% |
| Financial charges | 65/66B | €2,112 | €761 | -€1,351 | -64.0% |
| Recurring financial charges | 65 | €2,112 | €761 | -€1,351 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €12,097 | €4,180 | -€7,917 | -65.4% |
| Income taxes | 67/77 | €151 | €2,303 | +€2,152 | +1,426% |
| Profit (loss) for the period | 9904 | €11,946 | €1,877 | -€10,069 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,946 | €1,877 | -€10,069 | -84.3% |
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 14 October 2026 via checked.be.