Upgrado: 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.
Upgrado
Largest movements
- Stocks and contracts -€580,677
down €580,677 (-100.0%), from €580,677 to €0
- Receivables within one year -€15,653
down €15,653 (-64.2%), from €24,392 to €8,738
- Short-term financial debts -€397,500
down €397,500 (-100.0%), from €397,500 to €0
- Debts after one year -€170,000
down €170,000 (-100.0%), from €170,000 to €0
- Profit (loss) carried forward -€31,832
down €31,832 (-20.7%), from -€153,730 to -€185,562
- Other debts +€10,500
up €10,500 (+6.4%), from €164,294 to €174,794
- Gross operating margin +€15,009
up €15,009 (+39.9%), from €37,645 to €52,655
- Financial charges +€7,063
up €7,063 (+32.0%), from €22,083 to €29,146
- Other operating charges +€1,206
up €1,206 (+65.3%), from €1,846 to €3,052
- Staff costs -€617
down €617 (-1.2%), from €52,833 to €52,216
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,524 | €14,213 | -€597,311 | -97.7% |
| Current assets | 29/58 | €611,524 | €14,213 | -€597,311 | -97.7% |
| Stocks and contracts in progress | 3 | €580,677 | €0 | -€580,677 | -100.0% |
| Stocks | 30/36 | €580,677 | €0 | -€580,677 | -100.0% |
| Amounts receivable within one year | 40/41 | €24,392 | €8,738 | -€15,653 | -64.2% |
| Other amounts receivable | 41 | €24,392 | €8,738 | -€15,653 | -64.2% |
| Cash at bank and in hand | 54/58 | €5,301 | €5,474 | +€174 | +3.3% |
| Deferred charges and accrued income | 490/1 | €1,155 | €0 | -€1,155 | -100.0% |
| Total equity and liabilities | 10/49 | €611,524 | €14,213 | -€597,311 | -97.7% |
| Equity | 10/15 | -€152,730 | -€184,562 | -€31,832 | -20.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,730 | -€185,562 | -€31,832 | -20.7% |
| Amounts payable | 17/49 | €764,254 | €198,775 | -€565,479 | -74.0% |
| Amounts payable after more than one year | 17 | €170,000 | €0 | -€170,000 | -100.0% |
| Financial debts | 170/4 | €170,000 | €0 | -€170,000 | -100.0% |
| Amounts payable within one year | 42/48 | €594,254 | €198,775 | -€395,479 | -66.6% |
| Financial debts | 43 | €397,500 | €0 | -€397,500 | -100.0% |
| Credit institutions | 430/8 | €397,500 | €0 | -€397,500 | -100.0% |
| Trade debts | 44 | €12,790 | €8,368 | -€4,422 | -34.6% |
| Suppliers | 440/4 | €12,790 | €8,368 | -€4,422 | -34.6% |
| Taxes, remuneration and social security | 45 | €19,670 | €15,613 | -€4,057 | -20.6% |
| Taxes | 450/3 | €6,253 | €2,251 | -€4,002 | -64.0% |
| Remuneration and social security | 454/9 | €13,417 | €13,362 | -€55 | -0.4% |
| Other amounts payable | 47/48 | €164,294 | €174,794 | +€10,500 | +6.4% |
| Remuneration, social security and pensions | 62 | €52,833 | €52,216 | -€617 | -1.2% |
| Other operating charges | 640/8 | €1,846 | €3,052 | +€1,206 | +65.3% |
| Gross operating margin | 9900 | €37,645 | €52,655 | +€15,009 | +39.9% |
| Operating profit (loss) | 9901 | -€17,034 | -€2,613 | +€14,420 | +84.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +233.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +233.3% |
| Financial charges | 65/66B | €22,083 | €29,146 | +€7,063 | +32.0% |
| Recurring financial charges | 65 | €22,083 | €29,146 | +€7,063 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,116 | -€31,758 | +€7,358 | +18.8% |
| Income taxes | 67/77 | €154 | €74 | -€80 | -51.9% |
| Profit (loss) for the period | 9904 | -€39,270 | -€31,832 | +€7,437 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,270 | -€31,832 | +€7,437 | +18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.