Upixis Group: 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.
Upixis Group
Largest movements
- Receivables within one year +€10,406
up €10,406 (+323%), from €3,217 to €13,623
of which Trade receivables: +€10,406
- Cash +€2,681
up €2,681 (+6.7%), from €39,836 to €42,517
mainly Net result for the year (+€9,353) and Other debts (+€3,600)
- Deferred charges and accrued income +€770
up €770 (+107%), from €723 to €1,494
- Tangible fixed assets +€704
up €704 (+70.6%), from €996 to €1,700
- Profit (loss) carried forward +€9,353
up €9,353, from -€183 to €9,171
- Other debts +€3,600
up €3,600 (+10.3%), from €35,080 to €38,680
- Tax, wage and social debts +€1,028
up €1,028 (+20.2%), from €5,083 to €6,111
- Gross operating margin +€11,028
up €11,028 (+605%), from €1,823 to €12,850
- Taxes +€2,400
new in 2025: €2,400
- Depreciation -€911
down €911 (-47.1%), from €1,931 to €1,021
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 | €45,795 | €60,162 | +€14,366 | +31.4% |
| Fixed assets | 21/28 | €2,018 | €2,528 | +€509 | +25.2% |
| Intangible fixed assets | 21 | €1,022 | €828 | -€195 | -19.0% |
| Tangible fixed assets | 22/27 | €996 | €1,700 | +€704 | +70.6% |
| Furniture and vehicles | 24 | €996 | €1,700 | +€704 | +70.6% |
| Current assets | 29/58 | €43,777 | €57,634 | +€13,857 | +31.7% |
| Amounts receivable within one year | 40/41 | €3,217 | €13,623 | +€10,406 | +323% |
| Trade receivables | 40 | €3,207 | €13,613 | +€10,406 | +324% |
| Other amounts receivable | 41 | €10 | €10 | +€0 | +0.9% |
| Cash at bank and in hand | 54/58 | €39,836 | €42,517 | +€2,681 | +6.7% |
| Deferred charges and accrued income | 490/1 | €723 | €1,494 | +€770 | +107% |
| Total equity and liabilities | 10/49 | €45,795 | €60,162 | +€14,366 | +31.4% |
| Equity | 10/15 | €3,817 | €13,171 | +€9,353 | +245% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183 | €9,171 | +€9,353 | |
| Amounts payable | 17/49 | €41,978 | €46,991 | +€5,013 | +11.9% |
| Amounts payable within one year | 42/48 | €41,978 | €46,991 | +€5,013 | +11.9% |
| Trade debts | 44 | €1,815 | €2,199 | +€384 | +21.2% |
| Suppliers | 440/4 | €1,815 | €2,199 | +€384 | +21.2% |
| Taxes, remuneration and social security | 45 | €5,083 | €6,111 | +€1,028 | +20.2% |
| Taxes | 450/3 | €5,083 | €6,111 | +€1,028 | +20.2% |
| Other amounts payable | 47/48 | €35,080 | €38,680 | +€3,600 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,931 | €1,021 | -€911 | -47.1% |
| Gross operating margin | 9900 | €1,823 | €12,850 | +€11,028 | +605% |
| Operating profit (loss) | 9901 | -€109 | €11,829 | +€11,938 | |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €74 | €88 | +€14 | +18.3% |
| Recurring financial charges | 65 | €74 | €88 | +€14 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€183 | €11,754 | +€11,937 | |
| Income taxes | 67/77 | - | €2,400 | +€2,400 | |
| Profit (loss) for the period | 9904 | -€183 | €9,353 | +€9,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€183 | €9,353 | +€9,536 |
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 27 October 2026 via checked.be.