UPGrind: 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.
UPGrind
Largest movements
- Receivables within one year +€64,276
up €64,276 (+137%), from €46,845 to €111,121
of which Other amounts receivable: +€53,999
- Tangible fixed assets -€24,278
down €24,278 (-33.8%), from €71,751 to €47,472
of which Plant, machinery and equipment: -€23,066
- Cash -€20,343
down €20,343 (-42.8%), from €47,485 to €27,142
mainly Receivables within one year (-€64,276) and Trade debts (-€24,679)
- Profit (loss) carried forward +€49,937
up €49,937 (+63.7%), from €78,446 to €128,383
- Trade debts -€24,679
down €24,679 (-38.4%), from €64,324 to €39,645
- Tax, wage and social debts -€7,267
down €7,267 (-35.6%), from €20,393 to €13,126
- Gross operating margin -€24,642
down €24,642 (-20.6%), from €119,892 to €95,250
- Depreciation +€12,517
up €12,517 (+61.8%), from €20,261 to €32,778
- Taxes -€5,997
down €5,997 (-32.2%), from €18,652 to €12,654
- Financial income +€1,437
up €1,437 (+71,156%), from €2 to €1,439
- Other operating charges -€1,264
down €1,264 (-52.1%), from €2,426 to €1,162
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 | €168,177 | €186,341 | +€18,164 | +10.8% |
| Fixed assets | 21/28 | €71,751 | €47,472 | -€24,278 | -33.8% |
| Tangible fixed assets | 22/27 | €71,751 | €47,472 | -€24,278 | -33.8% |
| Plant, machinery and equipment | 23 | €68,335 | €45,268 | -€23,066 | -33.8% |
| Furniture and vehicles | 24 | €3,416 | €2,204 | -€1,212 | -35.5% |
| Current assets | 29/58 | €96,426 | €138,869 | +€42,443 | +44.0% |
| Amounts receivable within one year | 40/41 | €46,845 | €111,121 | +€64,276 | +137% |
| Trade receivables | 40 | €44,368 | €54,645 | +€10,277 | +23.2% |
| Other amounts receivable | 41 | €2,478 | €56,476 | +€53,999 | +2,180% |
| Cash at bank and in hand | 54/58 | €47,485 | €27,142 | -€20,343 | -42.8% |
| Deferred charges and accrued income | 490/1 | €2,096 | €606 | -€1,490 | -71.1% |
| Total equity and liabilities | 10/49 | €168,177 | €186,341 | +€18,164 | +10.8% |
| Equity | 10/15 | €81,446 | €131,383 | +€49,937 | +61.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,446 | €128,383 | +€49,937 | +63.7% |
| Amounts payable | 17/49 | €86,730 | €54,958 | -€31,773 | -36.6% |
| Amounts payable within one year | 42/48 | €86,730 | €54,958 | -€31,773 | -36.6% |
| Trade debts | 44 | €64,324 | €39,645 | -€24,679 | -38.4% |
| Suppliers | 440/4 | €64,324 | €39,645 | -€24,679 | -38.4% |
| Taxes, remuneration and social security | 45 | €20,393 | €13,126 | -€7,267 | -35.6% |
| Taxes | 450/3 | €20,393 | €13,126 | -€7,267 | -35.6% |
| Other amounts payable | 47/48 | €2,013 | €2,186 | +€174 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,261 | €32,778 | +€12,517 | +61.8% |
| Other operating charges | 640/8 | €2,426 | €1,162 | -€1,264 | -52.1% |
| Gross operating margin | 9900 | €119,892 | €95,250 | -€24,642 | -20.6% |
| Operating profit (loss) | 9901 | €97,205 | €61,310 | -€35,895 | -36.9% |
| Financial income | 75/76B | €2 | €1,439 | +€1,437 | +71,156% |
| Recurring financial income | 75 | €2 | €1,439 | +€1,437 | +71,156% |
| Financial charges | 65/66B | €109 | €158 | +€49 | +45.1% |
| Recurring financial charges | 65 | €109 | €158 | +€49 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €97,098 | €62,591 | -€34,507 | -35.5% |
| Income taxes | 67/77 | €18,652 | €12,654 | -€5,997 | -32.2% |
| Profit (loss) for the period | 9904 | €78,446 | €49,937 | -€28,509 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,446 | €49,937 | -€28,509 | -36.3% |
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 18 October 2026 via checked.be.