Upjohn: 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.
Upjohn
Largest movements
- Receivables within one year +€804,795
up €804,795 (+7.0%), from €11.5m to €12.3m
of which Other amounts receivable: +€1.0m
- Cash -€171,622
down €171,622 (-100%), from €171,622 to €0
mainly Receivables within one year (-€804,795) and Other debts (-€201,015)
- Profit (loss) carried forward +€850,025
up €850,025 (+23.9%), from €3.6m to €4.4m
- Other debts -€201,015
down €201,015 (-96.4%), from €208,457 to €7,441
- Other operating income +€128,581
up €128,581 (+15.8%), from €815,543 to €944,124
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 | €11,715,425 | €12,348,598 | +€633,173 | +5.4% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Current assets | 29/58 | €11,715,425 | €12,348,598 | +€633,173 | +5.4% |
| Amounts receivable within one year | 40/41 | €11,543,803 | €12,348,598 | +€804,795 | +7.0% |
| Trade receivables | 40 | €557,664 | €319,490 | -€238,174 | -42.7% |
| Other amounts receivable | 41 | €10,986,138 | €12,029,107 | +€1.0m | +9.5% |
| Cash at bank and in hand | 54/58 | €171,622 | €0 | -€171,622 | -100% |
| Total equity and liabilities | 10/49 | €11,715,425 | €12,348,598 | +€633,173 | +5.4% |
| Equity | 10/15 | €11,246,498 | €12,096,522 | +€850,025 | +7.6% |
| Contributions | 10/11 | €6,437,478 | €6,437,478 | = | 0.0% |
| Reserves | 13 | €1,257,149 | €1,257,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,811 | €3,811 | = | 0.0% |
| Other | 1319 | €3,811 | €3,811 | = | 0.0% |
| Tax-exempt reserves | 132 | €625,603 | €625,603 | = | 0.0% |
| Distributable reserves | 133 | €627,735 | €627,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,551,870 | €4,401,895 | +€850,025 | +23.9% |
| Amounts payable | 17/49 | €468,927 | €252,075 | -€216,852 | -46.2% |
| Amounts payable within one year | 42/48 | €468,927 | €252,075 | -€216,852 | -46.2% |
| Trade debts | 44 | €252,963 | €175,626 | -€77,337 | -30.6% |
| Suppliers | 440/4 | €252,963 | €175,626 | -€77,337 | -30.6% |
| Taxes, remuneration and social security | 45 | €7,508 | €69,008 | +€61,500 | +819% |
| Taxes | 450/3 | €5,323 | €69,008 | +€63,685 | +1,196% |
| Remuneration and social security | 454/9 | €2,184 | €0 | -€2,184 | -100% |
| Other amounts payable | 47/48 | €208,457 | €7,441 | -€201,015 | -96.4% |
| Operating income | 70/76A | €815,543 | €944,124 | +€128,581 | +15.8% |
| Other operating income | 74 | €815,543 | €944,124 | +€128,581 | +15.8% |
| Operating charges | 60/66A | €85,325 | €23,618 | -€61,706 | -72.3% |
| Services and other goods | 61 | €79,938 | €29,379 | -€50,559 | -63.2% |
| Remuneration, social security and pensions | 62 | €1,756 | -€5,760 | -€7,517 | |
| Other operating charges | 640/8 | €3,631 | €0 | -€3,631 | -100% |
| Operating profit (loss) | 9901 | €730,218 | €920,506 | +€190,288 | +26.1% |
| Financial income | 75/76B | €360,448 | €244,311 | -€116,137 | -32.2% |
| Recurring financial income | 75 | €360,448 | €244,311 | -€116,137 | -32.2% |
| Income from current assets | 751 | €2,849 | €11,728 | +€8,879 | +312% |
| Other financial income | 752/9 | €357,599 | €232,583 | -€125,016 | -35.0% |
| Financial charges | 65/66B | €6,244 | €8,446 | +€2,202 | +35.3% |
| Recurring financial charges | 65 | €6,244 | €8,446 | +€2,202 | +35.3% |
| Other financial charges | 652/9 | €6,244 | €8,446 | +€2,202 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €1,084,422 | €1,156,371 | +€71,949 | +6.6% |
| Income taxes | 67/77 | €303,323 | €306,346 | +€3,023 | +1.0% |
| Taxes | 670/3 | €303,323 | €306,346 | +€3,023 | +1.0% |
| Profit (loss) for the period | 9904 | €781,099 | €850,025 | +€68,926 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €781,099 | €850,025 | +€68,926 | +8.8% |
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.