UPGRAID MANAGEMENT: 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.
UPGRAID MANAGEMENT
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-88.6%), from €1.6m to €183,956
of which Trade receivables: -€1.4m
- Stocks and contracts +€1.1m
new in 2025: €1.1m
- Current investments +€262,236
up €262,236 (+363.8%), from €72,074 to €334,310
- Cash -€251,584
down €251,584 (-50.6%), from €497,375 to €245,791
mainly Trade debts (-€1.4m) and Stocks and contracts (-€1.1m)
- Trade debts -€1.4m
down €1.4m (-91.2%), from €1.5m to €131,560
- Reserves +€494,975
up €494,975 (+76.7%), from €645,073 to €1.1m
- Short-term financial debts +€300,000
new in 2025: €300,000
- Tax, wage and social debts +€211,178
up €211,178 (+144.9%), from €145,725 to €356,904
- Gross operating margin +€383,485
up €383,485 (+58.0%), from €661,626 to €1.0m
- Taxes +€132,101
up €132,101 (+67.0%), from €197,184 to €329,285
- Financial charges +€42,506
up €42,506 (+259.6%), from €16,374 to €58,879
- Financial income +€34,437
up €34,437 (+711.5%), from €4,840 to €39,278
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 | €2,295,735 | €1,947,592 | -€348,143 | -15.2% |
| Fixed assets | 21/28 | €117,600 | €95,086 | -€22,514 | -19.1% |
| Tangible fixed assets | 22/27 | €75,320 | €52,806 | -€22,514 | -29.9% |
| Furniture and vehicles | 24 | €63,534 | €45,468 | -€18,065 | -28.4% |
| Leasing and similar rights | 25 | €11,786 | €7,338 | -€4,449 | -37.7% |
| Financial fixed assets | 28 | €42,280 | €42,280 | = | 0.0% |
| Current assets | 29/58 | €2,178,135 | €1,852,506 | -€325,629 | -14.9% |
| Stocks and contracts in progress | 3 | - | €1,086,887 | +€1.1m | |
| Stocks | 30/36 | - | €1,086,887 | +€1.1m | |
| Amounts receivable within one year | 40/41 | €1,606,873 | €183,956 | -€1.4m | -88.6% |
| Trade receivables | 40 | €1,606,363 | €183,296 | -€1.4m | -88.6% |
| Other amounts receivable | 41 | €511 | €660 | +€149 | +29.2% |
| Current investments | 50/53 | €72,074 | €334,310 | +€262,236 | +363.8% |
| Cash at bank and in hand | 54/58 | €497,375 | €245,791 | -€251,584 | -50.6% |
| Deferred charges and accrued income | 490/1 | €1,813 | €1,563 | -€250 | -13.8% |
| Total equity and liabilities | 10/49 | €2,295,735 | €1,947,592 | -€348,143 | -15.2% |
| Equity | 10/15 | €652,073 | €1,147,048 | +€494,975 | +75.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €645,073 | €1,140,048 | +€494,975 | +76.7% |
| Distributable reserves | 133 | €645,073 | €1,140,048 | +€494,975 | +76.7% |
| Amounts payable | 17/49 | €1,643,663 | €800,544 | -€843,119 | -51.3% |
| Amounts payable within one year | 42/48 | €1,642,939 | €798,464 | -€844,475 | -51.4% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €1,497,213 | €131,560 | -€1.4m | -91.2% |
| Suppliers | 440/4 | €1,497,213 | €131,560 | -€1.4m | -91.2% |
| Taxes, remuneration and social security | 45 | €145,725 | €356,904 | +€211,178 | +144.9% |
| Taxes | 450/3 | €145,725 | €356,904 | +€211,178 | +144.9% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €724 | €2,080 | +€1,356 | +187.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,882 | €22,514 | -€368 | -1.6% |
| Other operating charges | 640/8 | €4,432 | €1,972 | -€2,460 | -55.5% |
| Gross operating margin | 9900 | €661,626 | €1,045,111 | +€383,485 | +58.0% |
| Operating profit (loss) | 9901 | €634,312 | €1,020,624 | +€386,312 | +60.9% |
| Financial income | 75/76B | €4,840 | €39,278 | +€34,437 | +711.5% |
| Recurring financial income | 75 | €4,840 | €39,278 | +€34,437 | +711.5% |
| Financial charges | 65/66B | €16,374 | €58,879 | +€42,506 | +259.6% |
| Recurring financial charges | 65 | €16,374 | €58,879 | +€42,506 | +259.6% |
| Profit (loss) for the period before taxes | 9903 | €622,779 | €1,001,023 | +€378,244 | +60.7% |
| Income taxes | 67/77 | €197,184 | €329,285 | +€132,101 | +67.0% |
| Profit (loss) for the period | 9904 | €425,595 | €671,738 | +€246,143 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €425,595 | €671,738 | +€246,143 | +57.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.