UPITER: what changed
UPITER
Largest movements
- Financial fixed assets +€322,500
new in 2025: €322,500
- Cash -€22,585
down €22,585 (-52.4%), from €43,080 to €20,495
mainly Investment in fixed assets (net) (-€322,500) and Receivables within one year (-€2,420)
- Tangible fixed assets -€9,962
down €9,962 (-28.9%), from €34,513 to €24,551
- Debts after one year +€212,535
up €212,535 (+923%), from €23,029 to €235,564
- Reserves +€36,251
up €36,251 (+159%), from €22,812 to €59,064
- Current portion of long-term debt +€31,937
up €31,937 (+380%), from €8,409 to €40,346
- Tax, wage and social debts +€10,332
up €10,332 (+64.2%), from €16,101 to €26,433
of which Taxes: +€7,702
- Gross operating margin +€17,775
up €17,775 (+36.0%), from €49,353 to €67,129
- Taxes +€6,399
up €6,399 (+92.0%), from €6,956 to €13,355
- Depreciation -€5,340
down €5,340 (-34.9%), from €15,303 to €9,962
- Financial charges +€3,407
up €3,407 (+169%), from €2,015 to €5,422
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,273 | €379,646 | +€292,373 | +335% |
| Fixed assets | 21/28 | €34,513 | €347,051 | +€312,538 | +906% |
| Tangible fixed assets | 22/27 | €34,513 | €24,551 | -€9,962 | -28.9% |
| Furniture and vehicles | 24 | €34,513 | €24,551 | -€9,962 | -28.9% |
| Financial fixed assets | 28 | - | €322,500 | +€322,500 | |
| Current assets | 29/58 | €52,760 | €32,595 | -€20,165 | -38.2% |
| Amounts receivable within one year | 40/41 | €9,680 | €12,100 | +€2,420 | +25.0% |
| Trade receivables | 40 | €9,680 | €12,100 | +€2,420 | +25.0% |
| Cash at bank and in hand | 54/58 | €43,080 | €20,495 | -€22,585 | -52.4% |
| Total equity and liabilities | 10/49 | €87,273 | €379,646 | +€292,373 | +335% |
| Equity | 10/15 | €25,312 | €61,564 | +€36,251 | +143% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,812 | €59,064 | +€36,251 | +159% |
| Distributable reserves | 133 | €22,812 | €59,064 | +€36,251 | +159% |
| Amounts payable | 17/49 | €61,961 | €318,082 | +€256,122 | +413% |
| Amounts payable after more than one year | 17 | €23,029 | €235,564 | +€212,535 | +923% |
| Financial debts | 170/4 | €23,029 | €235,564 | +€212,535 | +923% |
| Amounts payable within one year | 42/48 | €38,932 | €81,617 | +€42,685 | +110% |
| Current portion of amounts payable after more than one year | 42 | €8,409 | €40,346 | +€31,937 | +380% |
| Trade debts | 44 | €90 | €10 | -€80 | -88.9% |
| Suppliers | 440/4 | €90 | €10 | -€80 | -88.9% |
| Taxes, remuneration and social security | 45 | €16,101 | €26,433 | +€10,332 | +64.2% |
| Taxes | 450/3 | €13,508 | €21,210 | +€7,702 | +57.0% |
| Remuneration and social security | 454/9 | €2,593 | €5,223 | +€2,630 | +101% |
| Other amounts payable | 47/48 | €14,333 | €14,828 | +€495 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €902 | +€902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,303 | €9,962 | -€5,340 | -34.9% |
| Other operating charges | 640/8 | €601 | €421 | -€181 | -30.0% |
| Gross operating margin | 9900 | €49,353 | €67,129 | +€17,775 | +36.0% |
| Operating profit (loss) | 9901 | €33,449 | €56,745 | +€23,296 | +69.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,015 | €5,422 | +€3,407 | +169% |
| Recurring financial charges | 65 | €2,015 | €5,422 | +€3,407 | +169% |
| Profit (loss) for the period before taxes | 9903 | €31,434 | €51,324 | +€19,889 | +63.3% |
| Income taxes | 67/77 | €6,956 | €13,355 | +€6,399 | +92.0% |
| Profit (loss) for the period | 9904 | €24,478 | €37,969 | +€13,491 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,478 | €37,969 | +€13,491 | +55.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.