UPLACE: what changed
What changed
UPLACE
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€691,494
2024 · -€4.3m+€3.6m
Equity
€6.4m
2024 · -€564,286+€7.0m
Cash
€490,923
2024 · €198,940+€291,983
Balance sheet total
€37.7m
2024 · €25.3m+€12.4m
Largest movements
Assets
- Stocks and contracts +€8.8m
up €8.8m (+38.6%), from €22.8m to €31.6m
of which Contracts in progress: +€11.3m
- Financial fixed assets +€3.7m
up €3.7m (+361%), from €1.0m to €4.8m
- Receivables within one year -€513,180
down €513,180 (-39.9%), from €1.3m to €774,104
of which Trade receivables: -€881,062
Equity and liabilities
- Debts after one year -€15.8m
no longer reported in 2025 (was €15.8m)
- Short-term financial debts +€14.5m
new in 2025: €14.5m
- Current portion of long-term debt +€10.0m
new in 2025: €10.0m
- Contributions +€7.6m
up €7.6m (+18.0%), from €42.4m to €50.1m
- Advances received -€2.5m
no longer reported in 2025 (was €2.5m)
Income statement
- Gross operating margin +€3.6m
up €3.6m (+83.5%), from -€4.3m to -€715,131
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.
Result 2024
-€4.3m
Gross operating margin
+€3.6m
Other operating charges
-€202
Financial income
-€2,712
Financial charges
-€746
Result 2025
-€691,494
raises the resultlowers the result
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.
From operations
-€12.3m
Investment
-€3.8m
Financing
+€16.4m
Cash 2024
€198,940
From operations (derived)
-€12.3m
Net result for the year
-€691,494
Stocks and contracts
-€8.8m
Receivables within one year
+€513,180
Smaller working-capital items
-€1,166
Trade debts
-€812,275
Advances received
-€2.5m
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€16.4m
Debts after one year
-€15.8m
Current portion of long-term debt
+€10.0m
Short-term financial debts
+€14.5m
Contributions, distributions and other
+€7.6m
Cash 2025
€490,923
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,333,464 | €37,686,293 | +€12.4m | +48.8% |
| Fixed assets | 21/28 | €1,035,448 | €4,801,287 | +€3.8m | +364% |
| Tangible fixed assets | 22/27 | - | €30,000 | +€30,000 | |
| Land and buildings | 22 | - | €30,000 | +€30,000 | |
| Financial fixed assets | 28 | €1,035,448 | €4,771,287 | +€3.7m | +361% |
| Current assets | 29/58 | €24,298,016 | €32,885,006 | +€8.6m | +35.3% |
| Stocks and contracts in progress | 3 | €22,811,793 | €31,618,463 | +€8.8m | +38.6% |
| Stocks | 30/36 | €2,897,934 | €418,800 | -€2.5m | -85.5% |
| Contracts in progress | 37 | €19,913,859 | €31,199,663 | +€11.3m | +56.7% |
| Amounts receivable within one year | 40/41 | €1,287,283 | €774,104 | -€513,180 | -39.9% |
| Trade receivables | 40 | €1,249,832 | €368,770 | -€881,062 | -70.5% |
| Other amounts receivable | 41 | €37,452 | €405,334 | +€367,882 | +982% |
| Cash at bank and in hand | 54/58 | €198,940 | €490,923 | +€291,983 | +147% |
| Deferred charges and accrued income | 490/1 | - | €1,516 | +€1,516 | |
| Total equity and liabilities | 10/49 | €25,333,464 | €37,686,293 | +€12.4m | +48.8% |
| Equity | 10/15 | -€564,286 | €6,388,700 | +€7.0m | |
| Contributions | 10/11 | €42,434,520 | €50,079,000 | +€7.6m | +18.0% |
| Capital | 10 | €42,434,520 | €50,079,000 | +€7.6m | +18.0% |
| Issued capital | 100 | €42,434,520 | €50,079,000 | +€7.6m | +18.0% |
| Reserves | 13 | €23,862 | €23,862 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,862 | €23,862 | = | 0.0% |
| Legal reserve | 130 | €23,862 | €23,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,022,669 | -€43,714,163 | -€691,494 | -1.6% |
| Amounts payable | 17/49 | €25,897,750 | €31,297,593 | +€5.4m | +20.9% |
| Amounts payable after more than one year | 17 | €15,829,245 | - | -€15.8m | |
| Financial debts | 170/4 | €15,829,245 | - | -€15.8m | |
| Amounts payable within one year | 42/48 | €10,068,506 | €31,297,243 | +€21.2m | +211% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000,000 | +€10.0m | |
| Financial debts | 43 | - | €14,543,888 | +€14.5m | |
| Credit institutions | 430/8 | - | €14,543,888 | +€14.5m | |
| Trade debts | 44 | €7,565,630 | €6,753,355 | -€812,275 | -10.7% |
| Suppliers | 440/4 | €7,565,630 | €6,753,355 | -€812,275 | -10.7% |
| Advances received on contracts in progress | 46 | €2,502,876 | - | -€2.5m | |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Other operating charges | 640/8 | €1,053 | €1,255 | +€202 | +19.2% |
| Gross operating margin | 9900 | -€4,338,344 | -€715,131 | +€3.6m | +83.5% |
| Operating profit (loss) | 9901 | -€4,339,397 | -€716,386 | +€3.6m | +83.5% |
| Financial income | 75/76B | €28,865 | €26,153 | -€2,712 | -9.4% |
| Recurring financial income | 75 | €28,865 | €26,153 | -€2,712 | -9.4% |
| Financial charges | 65/66B | €516 | €1,261 | +€746 | +145% |
| Recurring financial charges | 65 | €516 | €1,261 | +€746 | +145% |
| Profit (loss) for the period before taxes | 9903 | -€4,311,047 | -€691,494 | +€3.6m | +84.0% |
| Profit (loss) for the period | 9904 | -€4,311,047 | -€691,494 | +€3.6m | +84.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,311,047 | -€691,494 | +€3.6m | +84.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.