UpGradeMe!: 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.
UpGradeMe!
Largest movements
- Cash +€2,180
up €2,180 (+12.2%), from €17,815 to €19,995
mainly Other debts (+€7,287) and Net result for the year (+€1,687)
- Tangible fixed assets -€570
down €570 (-42.6%), from €1,340 to €770
of which Furniture and vehicles: -€503
- Other debts +€7,287
up €7,287 (+874%), from €834 to €8,121
- Profit (loss) carried forward -€5,813
down €5,813 (-29.1%), from €19,961 to €14,148
- Gross operating margin -€789
down €789 (-20.0%), from €3,934 to €3,146
- Taxes -€212
down €212 (-27.4%), from €775 to €562
- Depreciation +€101
up €101 (+21.6%), from €469 to €570
- Other operating charges +€77
up €77 (+39.9%), from €193 to €270
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 | €24,156 | €25,698 | +€1,542 | +6.4% |
| Fixed assets | 21/28 | €1,340 | €770 | -€570 | -42.6% |
| Tangible fixed assets | 22/27 | €1,340 | €770 | -€570 | -42.6% |
| Plant, machinery and equipment | 23 | €72 | €4 | -€68 | -93.9% |
| Furniture and vehicles | 24 | €1,268 | €766 | -€503 | -39.6% |
| Current assets | 29/58 | €22,816 | €24,928 | +€2,112 | +9.3% |
| Amounts receivable within one year | 40/41 | €819 | €935 | +€117 | +14.2% |
| Trade receivables | 40 | €391 | €66 | -€324 | -83.0% |
| Other amounts receivable | 41 | €428 | €869 | +€441 | +103% |
| Current investments | 50/53 | €3,998 | €3,998 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,815 | €19,995 | +€2,180 | +12.2% |
| Deferred charges and accrued income | 490/1 | €184 | - | -€184 | |
| Total equity and liabilities | 10/49 | €24,156 | €25,698 | +€1,542 | +6.4% |
| Equity | 10/15 | €22,161 | €16,348 | -€5,813 | -26.2% |
| Contributions | 10/11 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,961 | €14,148 | -€5,813 | -29.1% |
| Amounts payable | 17/49 | €1,995 | €9,350 | +€7,355 | +369% |
| Amounts payable within one year | 42/48 | €1,995 | €9,350 | +€7,355 | +369% |
| Trade debts | 44 | €424 | €442 | +€18 | +4.1% |
| Suppliers | 440/4 | €424 | €442 | +€18 | +4.1% |
| Taxes, remuneration and social security | 45 | €737 | €787 | +€51 | +6.9% |
| Taxes | 450/3 | €737 | €787 | +€51 | +6.9% |
| Other amounts payable | 47/48 | €834 | €8,121 | +€7,287 | +874% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469 | €570 | +€101 | +21.6% |
| Other operating charges | 640/8 | €193 | €270 | +€77 | +39.9% |
| Gross operating margin | 9900 | €3,934 | €3,146 | -€789 | -20.0% |
| Operating profit (loss) | 9901 | €3,272 | €2,305 | -€967 | -29.5% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €73 | €76 | +€2 | +3.0% |
| Recurring financial charges | 65 | €73 | €76 | +€2 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €3,199 | €2,249 | -€950 | -29.7% |
| Income taxes | 67/77 | €775 | €562 | -€212 | -27.4% |
| Profit (loss) for the period | 9904 | €2,424 | €1,687 | -€737 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,424 | €1,687 | -€737 | -30.4% |
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 21 October 2026 via checked.be.