UPGRADE BEST COMPONENTS: 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.
UPGRADE BEST COMPONENTS
Largest movements
- Cash -€8,742
down €8,742 (-52.7%), from €16,602 to €7,860
mainly Short-term financial debts (-€45,000) and Debts after one year (-€17,227)
- Tangible fixed assets -€6,600
down €6,600 (-2.6%), from €250,555 to €243,955
- Short-term financial debts -€45,000
down €45,000 (-51.4%), from €87,500 to €42,500
- Other debts +€35,759
up €35,759 (+21.4%), from €167,400 to €203,159
- Debts after one year -€17,227
down €17,227 (-16.3%), from €106,004 to €88,777
- Profit (loss) carried forward +€10,374
up €10,374 (+7.9%), from -€130,971 to -€120,597
- Turnover -€34,172
no longer reported in 2025 (was €34,172)
- Purchases and services -€8,179
no longer reported in 2025 (was €8,179)
- Financial charges -€5,659
down €5,659 (-41.3%), from €13,692 to €8,033
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 | €269,657 | €251,815 | -€17,842 | -6.6% |
| Fixed assets | 21/28 | €250,555 | €243,955 | -€6,600 | -2.6% |
| Tangible fixed assets | 22/27 | €250,555 | €243,955 | -€6,600 | -2.6% |
| Land and buildings | 22 | €250,555 | €243,955 | -€6,600 | -2.6% |
| Current assets | 29/58 | €19,102 | €7,860 | -€11,242 | -58.9% |
| Cash at bank and in hand | 54/58 | €16,602 | €7,860 | -€8,742 | -52.7% |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €269,657 | €251,815 | -€17,842 | -6.6% |
| Equity | 10/15 | -€110,511 | -€100,137 | +€10,374 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,971 | -€120,597 | +€10,374 | +7.9% |
| Amounts payable | 17/49 | €380,168 | €351,952 | -€28,216 | -7.4% |
| Amounts payable after more than one year | 17 | €106,004 | €88,777 | -€17,227 | -16.3% |
| Financial debts | 170/4 | €106,004 | €88,777 | -€17,227 | -16.3% |
| Amounts payable within one year | 42/48 | €273,826 | €262,887 | -€10,939 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €18,217 | €17,228 | -€989 | -5.4% |
| Financial debts | 43 | €87,500 | €42,500 | -€45,000 | -51.4% |
| Credit institutions | 430/8 | €87,500 | €42,500 | -€45,000 | -51.4% |
| Trade debts | 44 | €709 | - | -€709 | |
| Suppliers | 440/4 | €709 | - | -€709 | |
| Other amounts payable | 47/48 | €167,400 | €203,159 | +€35,759 | +21.4% |
| Accrued charges and deferred income | 492/3 | €337 | €288 | -€49 | -14.7% |
| Turnover | 70 | €34,172 | - | -€34,172 | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,179 | - | -€8,179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,600 | €6,600 | = | 0.0% |
| Other operating charges | 640/8 | €1,067 | €1,098 | +€31 | +2.9% |
| Gross operating margin | 9900 | €25,993 | €26,105 | +€112 | +0.4% |
| Operating profit (loss) | 9901 | €18,326 | €18,407 | +€81 | +0.4% |
| Financial charges | 65/66B | €13,692 | €8,033 | -€5,659 | -41.3% |
| Recurring financial charges | 65 | €13,692 | €8,033 | -€5,659 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €4,635 | €10,374 | +€5,739 | +124% |
| Profit (loss) for the period | 9904 | €4,635 | €10,374 | +€5,739 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €4,635 | €10,374 | +€5,739 | +124% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.