UPGRACE: 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.
UPGRACE
Largest movements
- Receivables within one year -€1,306
down €1,306 (-57.3%), from €2,277 to €972
of which Trade receivables: -€1,699
- Cash -€1,270
down €1,270 (-1.5%), from €82,029 to €80,759
mainly Net result for the year (-€4,814) and Current portion of long-term debt (-€3,580)
- Other debts +€9,000
up €9,000 (+7.7%), from €117,332 to €126,332
- Profit (loss) carried forward -€4,814
down €4,814 (-6.6%), from -€73,412 to -€78,227
- Current portion of long-term debt -€3,580
down €3,580 (-57.7%), from €6,206 to €2,625
- Debts after one year -€2,625
down €2,625 (-9.5%), from €27,625 to €25,000
of which Financial debts: -€2,625
- Gross operating margin +€10,754
up €10,754 (+75.6%), from -€14,217 to -€3,463
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 | €84,306 | €81,730 | -€2,576 | -3.1% |
| Current assets | 29/58 | €84,306 | €81,730 | -€2,576 | -3.1% |
| Amounts receivable within one year | 40/41 | €2,277 | €972 | -€1,306 | -57.3% |
| Trade receivables | 40 | €1,699 | - | -€1,699 | |
| Other amounts receivable | 41 | €578 | €972 | +€393 | +68.1% |
| Cash at bank and in hand | 54/58 | €82,029 | €80,759 | -€1,270 | -1.5% |
| Total equity and liabilities | 10/49 | €84,306 | €81,730 | -€2,576 | -3.1% |
| Equity | 10/15 | -€67,412 | -€72,227 | -€4,814 | -7.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,412 | -€78,227 | -€4,814 | -6.6% |
| Amounts payable | 17/49 | €151,718 | €153,957 | +€2,239 | +1.5% |
| Amounts payable after more than one year | 17 | €27,625 | €25,000 | -€2,625 | -9.5% |
| Financial debts | 170/4 | €2,625 | - | -€2,625 | |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €124,093 | €128,957 | +€4,864 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €6,206 | €2,625 | -€3,580 | -57.7% |
| Trade debts | 44 | €377 | - | -€377 | |
| Suppliers | 440/4 | €377 | - | -€377 | |
| Taxes, remuneration and social security | 45 | €179 | - | -€179 | |
| Taxes | 450/3 | €179 | - | -€179 | |
| Other amounts payable | 47/48 | €117,332 | €126,332 | +€9,000 | +7.7% |
| Other operating charges | 640/8 | €599 | €613 | +€14 | +2.3% |
| Gross operating margin | 9900 | -€14,217 | -€3,463 | +€10,754 | +75.6% |
| Operating profit (loss) | 9901 | -€14,817 | -€4,077 | +€10,740 | +72.5% |
| Financial charges | 65/66B | €664 | €738 | +€74 | +11.1% |
| Recurring financial charges | 65 | €664 | €738 | +€74 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,481 | -€4,814 | +€10,666 | +68.9% |
| Profit (loss) for the period | 9904 | -€15,481 | -€4,814 | +€10,666 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,481 | -€4,814 | +€10,666 | +68.9% |
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.