UpFy: 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.
UpFy
Largest movements
- Current investments +€165,399
up €165,399 (+335.7%), from €49,266 to €214,665
- Cash -€94,882
down €94,882 (-31.5%), from €300,943 to €206,061
mainly Current investments (-€165,399) and Contributions, distributions and other (-€133,600)
- Tangible fixed assets -€30,608
down €30,608 (-8.2%), from €375,069 to €344,462
of which Land and buildings: -€18,212
- Other debts +€71,738
up €71,738 (+17.2%), from €416,682 to €488,420
- Debts after one year -€29,692
down €29,692 (-11.8%), from €251,483 to €221,791
- Gross operating margin -€49,704
down €49,704 (-18.1%), from €274,373 to €224,669
- Taxes -€16,650
down €16,650 (-25.5%), from €65,416 to €48,766
- Financial income -€13,460
down €13,460 (-75.9%), from €17,727 to €4,267
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 | €730,013 | €770,447 | +€40,434 | +5.5% |
| Fixed assets | 21/28 | €376,319 | €345,712 | -€30,608 | -8.1% |
| Tangible fixed assets | 22/27 | €375,069 | €344,462 | -€30,608 | -8.2% |
| Land and buildings | 22 | €321,969 | €303,757 | -€18,212 | -5.7% |
| Plant, machinery and equipment | 23 | €2,380 | €4,209 | +€1,829 | +76.9% |
| Furniture and vehicles | 24 | €43,935 | €31,407 | -€12,528 | -28.5% |
| Other tangible fixed assets | 26 | €6,786 | €5,089 | -€1,696 | -25.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €353,694 | €424,735 | +€71,041 | +20.1% |
| Amounts receivable within one year | 40/41 | €1,772 | €2,304 | +€532 | +30.0% |
| Other amounts receivable | 41 | €1,772 | €2,304 | +€532 | +30.0% |
| Current investments | 50/53 | €49,266 | €214,665 | +€165,399 | +335.7% |
| Cash at bank and in hand | 54/58 | €300,943 | €206,061 | -€94,882 | -31.5% |
| Deferred charges and accrued income | 490/1 | €1,713 | €1,705 | -€8 | -0.5% |
| Total equity and liabilities | 10/49 | €730,013 | €770,447 | +€40,434 | +5.5% |
| Equity | 10/15 | €28,405 | €28,444 | +€39 | +0.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,000 | €8,039 | +€39 | +0.5% |
| Amounts payable | 17/49 | €701,608 | €742,003 | +€40,394 | +5.8% |
| Amounts payable after more than one year | 17 | €251,483 | €221,791 | -€29,692 | -11.8% |
| Financial debts | 170/4 | €251,483 | €221,791 | -€29,692 | -11.8% |
| Amounts payable within one year | 42/48 | €447,647 | €519,141 | +€71,494 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €29,129 | €29,692 | +€563 | +1.9% |
| Trade debts | 44 | €1,187 | €1,029 | -€158 | -13.3% |
| Suppliers | 440/4 | €1,187 | €1,029 | -€158 | -13.3% |
| Taxes, remuneration and social security | 45 | €650 | - | -€650 | |
| Taxes | 450/3 | €650 | - | -€650 | |
| Other amounts payable | 47/48 | €416,682 | €488,420 | +€71,738 | +17.2% |
| Accrued charges and deferred income | 492/3 | €2,479 | €1,071 | -€1,408 | -56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,123 | €33,605 | +€482 | +1.5% |
| Other operating charges | 640/8 | €5,147 | €4,964 | -€184 | -3.6% |
| Gross operating margin | 9900 | €274,373 | €224,669 | -€49,704 | -18.1% |
| Operating profit (loss) | 9901 | €236,102 | €186,100 | -€50,002 | -21.2% |
| Financial income | 75/76B | €17,727 | €4,267 | -€13,460 | -75.9% |
| Recurring financial income | 75 | €17,727 | €4,267 | -€13,460 | -75.9% |
| Financial charges | 65/66B | €6,808 | €7,962 | +€1,154 | +17.0% |
| Recurring financial charges | 65 | €6,808 | €7,962 | +€1,154 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €247,022 | €182,405 | -€64,616 | -26.2% |
| Income taxes | 67/77 | €65,416 | €48,766 | -€16,650 | -25.5% |
| Profit (loss) for the period | 9904 | €181,606 | €133,639 | -€47,966 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €181,606 | €133,639 | -€47,966 | -26.4% |
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 4 October 2026 via checked.be.