UPLEVEL: 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.
UPLEVEL
Largest movements
- Tangible fixed assets +€257,111
up €257,111 (+8,250%), from €3,117 to €260,228
of which Land and buildings: +€256,865
- Cash -€42,801
down €42,801 (-55.0%), from €77,821 to €35,020
mainly Investment in fixed assets (net) (-€259,460) and Other debts (-€34,750)
- Debts after one year +€264,509
new in 2025: €264,509
- Other debts -€34,750
no longer reported in 2025 (was €34,750)
- Advances received -€28,134
no longer reported in 2025 (was €28,134)
- Trade debts -€17,601
down €17,601 (-90.4%), from €19,463 to €1,862
- Current portion of long-term debt +€16,190
new in 2025: €16,190
- Gross operating margin +€31,981
up €31,981 (+93.1%), from €34,351 to €66,332
- Other operating charges +€27,382
up €27,382 (+904%), from €3,030 to €30,412
- Financial charges +€5,778
up €5,778 (+231%), from €2,496 to €8,274
- Financial income -€717
down €717 (-77.9%), from €920 to €203
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 | €163,080 | €372,813 | +€209,733 | +129% |
| Fixed assets | 21/28 | €3,117 | €260,228 | +€257,111 | +8,250% |
| Tangible fixed assets | 22/27 | €3,117 | €260,228 | +€257,111 | +8,250% |
| Land and buildings | 22 | - | €256,865 | +€256,865 | |
| Plant, machinery and equipment | 23 | €246 | €1,814 | +€1,568 | +636% |
| Furniture and vehicles | 24 | €2,870 | €1,549 | -€1,321 | -46.0% |
| Current assets | 29/58 | €159,963 | €112,585 | -€47,378 | -29.6% |
| Amounts receivable within one year | 40/41 | €75,853 | €72,444 | -€3,409 | -4.5% |
| Trade receivables | 40 | €75,515 | €30,503 | -€45,012 | -59.6% |
| Other amounts receivable | 41 | €338 | €41,941 | +€41,603 | +12,295% |
| Cash at bank and in hand | 54/58 | €77,821 | €35,020 | -€42,801 | -55.0% |
| Deferred charges and accrued income | 490/1 | €6,290 | €5,121 | -€1,169 | -18.6% |
| Total equity and liabilities | 10/49 | €163,080 | €372,813 | +€209,733 | +129% |
| Equity | 10/15 | €63,132 | €79,545 | +€16,413 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,274 | €60,274 | +€16,000 | +36.1% |
| Distributable reserves | 133 | €44,274 | €60,274 | +€16,000 | +36.1% |
| Profit (loss) carried forward | 14 | €258 | €671 | +€413 | +160% |
| Amounts payable | 17/49 | €99,948 | €293,268 | +€193,320 | +193% |
| Amounts payable after more than one year | 17 | - | €264,509 | +€264,509 | |
| Financial debts | 170/4 | - | €264,509 | +€264,509 | |
| Amounts payable within one year | 42/48 | €99,948 | €28,759 | -€71,189 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | - | €16,190 | +€16,190 | |
| Financial debts | 43 | €6,698 | - | -€6,698 | |
| Credit institutions | 430/8 | €6,698 | - | -€6,698 | |
| Trade debts | 44 | €19,463 | €1,862 | -€17,601 | -90.4% |
| Suppliers | 440/4 | €19,463 | €1,862 | -€17,601 | -90.4% |
| Advances received on contracts in progress | 46 | €28,134 | - | -€28,134 | |
| Taxes, remuneration and social security | 45 | €10,903 | €10,707 | -€196 | -1.8% |
| Taxes | 450/3 | €9,050 | €8,207 | -€843 | -9.3% |
| Remuneration and social security | 454/9 | €1,853 | €2,500 | +€647 | +34.9% |
| Other amounts payable | 47/48 | €34,750 | - | -€34,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,378 | €2,349 | -€29 | -1.2% |
| Other operating charges | 640/8 | €3,030 | €30,412 | +€27,382 | +904% |
| Gross operating margin | 9900 | €34,351 | €66,332 | +€31,981 | +93.1% |
| Operating profit (loss) | 9901 | €28,943 | €33,571 | +€4,628 | +16.0% |
| Financial income | 75/76B | €920 | €203 | -€717 | -77.9% |
| Recurring financial income | 75 | €920 | €203 | -€717 | -77.9% |
| Financial charges | 65/66B | €2,496 | €8,274 | +€5,778 | +231% |
| Recurring financial charges | 65 | €2,496 | €8,274 | +€5,778 | +231% |
| Profit (loss) for the period before taxes | 9903 | €27,367 | €25,500 | -€1,867 | -6.8% |
| Income taxes | 67/77 | €8,953 | €9,087 | +€134 | +1.5% |
| Profit (loss) for the period | 9904 | €18,414 | €16,413 | -€2,001 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,414 | €16,413 | -€2,001 | -10.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.