Upgrade Consultancy: 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 Consultancy
Largest movements
- Current investments -€50,400
no longer reported in 2025 (was €50,400)
- Cash +€41,057
up €41,057 (+91.8%), from €44,704 to €85,760
mainly Current investments (+€50,400) and Net result for the year (+€17,701)
- Tangible fixed assets +€30,583
up €30,583 (+1,428%), from €2,142 to €32,726
- Receivables within one year -€10,072
down €10,072 (-43.2%), from €23,341 to €13,269
of which Other amounts receivable: -€9,921
- Deferred charges and accrued income +€2,083
up €2,083 (+268%), from €778 to €2,861
- Reserves +€17,701
up €17,701 (+17.9%), from €98,994 to €116,694
- Other debts -€3,430
down €3,430 (-81.2%), from €4,224 to €793
- Gross operating margin -€43,596
down €43,596 (-57.7%), from €75,491 to €31,895
- Financial income +€13,372
up €13,372 (+2,616%), from €511 to €13,884
- Taxes -€9,127
down €9,127 (-54.5%), from €16,745 to €7,618
- Depreciation +€2,035
up €2,035 (+141%), from €1,442 to €3,477
- Financial charges +€1,369
up €1,369 (+995%), from €138 to €1,507
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 | €121,365 | €134,616 | +€13,251 | +10.9% |
| Fixed assets | 21/28 | €2,142 | €32,726 | +€30,583 | +1,428% |
| Tangible fixed assets | 22/27 | €2,142 | €32,726 | +€30,583 | +1,428% |
| Furniture and vehicles | 24 | €2,142 | €32,726 | +€30,583 | +1,428% |
| Current assets | 29/58 | €119,222 | €101,890 | -€17,332 | -14.5% |
| Amounts receivable within one year | 40/41 | €23,341 | €13,269 | -€10,072 | -43.2% |
| Trade receivables | 40 | €13,420 | €13,269 | -€151 | -1.1% |
| Other amounts receivable | 41 | €9,921 | - | -€9,921 | |
| Current investments | 50/53 | €50,400 | - | -€50,400 | |
| Cash at bank and in hand | 54/58 | €44,704 | €85,760 | +€41,057 | +91.8% |
| Deferred charges and accrued income | 490/1 | €778 | €2,861 | +€2,083 | +268% |
| Total equity and liabilities | 10/49 | €121,365 | €134,616 | +€13,251 | +10.9% |
| Equity | 10/15 | €99,494 | €117,194 | +€17,701 | +17.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €98,994 | €116,694 | +€17,701 | +17.9% |
| Distributable reserves | 133 | €98,994 | €116,694 | +€17,701 | +17.9% |
| Amounts payable | 17/49 | €21,871 | €17,421 | -€4,450 | -20.3% |
| Amounts payable within one year | 42/48 | €20,675 | €16,607 | -€4,069 | -19.7% |
| Trade debts | 44 | €379 | €998 | +€619 | +164% |
| Suppliers | 440/4 | €379 | €998 | +€619 | +164% |
| Taxes, remuneration and social security | 45 | €16,073 | €14,815 | -€1,258 | -7.8% |
| Taxes | 450/3 | €12,875 | €11,491 | -€1,384 | -10.8% |
| Remuneration and social security | 454/9 | €3,198 | €3,325 | +€127 | +4.0% |
| Other amounts payable | 47/48 | €4,224 | €793 | -€3,430 | -81.2% |
| Accrued charges and deferred income | 492/3 | €1,195 | €814 | -€381 | -31.9% |
| Remuneration, social security and pensions | 62 | €13,203 | €14,273 | +€1,070 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,442 | €3,477 | +€2,035 | +141% |
| Other operating charges | 640/8 | €1,115 | €1,204 | +€90 | +8.0% |
| Gross operating margin | 9900 | €75,491 | €31,895 | -€43,596 | -57.7% |
| Operating profit (loss) | 9901 | €59,732 | €12,941 | -€46,791 | -78.3% |
| Financial income | 75/76B | €511 | €13,884 | +€13,372 | +2,616% |
| Recurring financial income | 75 | €511 | €13,884 | +€13,372 | +2,616% |
| Financial charges | 65/66B | €138 | €1,507 | +€1,369 | +995% |
| Recurring financial charges | 65 | €138 | €1,507 | +€1,369 | +995% |
| Profit (loss) for the period before taxes | 9903 | €60,106 | €25,318 | -€34,787 | -57.9% |
| Income taxes | 67/77 | €16,745 | €7,618 | -€9,127 | -54.5% |
| Profit (loss) for the period | 9904 | €43,361 | €17,701 | -€25,660 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,361 | €17,701 | -€25,660 | -59.2% |
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 16 October 2026 via checked.be.