UPLINE: what changed
Two fiscal 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.
UPLINE
Largest movements
- Intangible fixed assets -€34,959
down €34,959 (-47.0%), from €74,394 to €39,435
- Other debts +€232,772
up €232,772 (+116.8%), from €199,339 to €432,111
- Debts after one year -€136,644
down €136,644 (-23.2%), from €590,054 to €453,410
- Current portion of long-term debt -€112,512
down €112,512 (-45.2%), from €249,156 to €136,644
- Trade debts -€41,357
down €41,357 (-26.2%), from €157,920 to €116,564
- Gross operating margin -€40,972
down €40,972 (-31.6%), from €129,789 to €88,817
- Other operating charges -€23,172
down €23,172 (-87.1%), from €26,604 to €3,432
- Financial charges +€17,430
up €17,430 (+71.3%), from €24,461 to €41,890
- Taxes -€11,693
down €11,693 (-77.2%), from €15,140 to €3,447
- Financial income +€1,401
up €1,401 (+5128.0%), from €27 to €1,429
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.
Cash bridge derived
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 | €1,896,389 | €1,842,539 | -€53,850 | -2.8% |
| Fixed assets | 21/28 | €1,856,984 | €1,812,562 | -€44,422 | -2.4% |
| Intangible fixed assets | 21 | €74,394 | €39,435 | -€34,959 | -47.0% |
| Tangible fixed assets | 22/27 | €9,463 | €0 | -€9,463 | -100.0% |
| Furniture and vehicles | 24 | €9,463 | €0 | -€9,463 | -100.0% |
| Financial fixed assets | 28 | €1,773,127 | €1,773,127 | = | 0.0% |
| Current assets | 29/58 | €39,405 | €29,978 | -€9,427 | -23.9% |
| Amounts receivable within one year | 40/41 | €26,324 | €19,625 | -€6,698 | -25.4% |
| Trade receivables | 40 | €26,324 | €19,625 | -€6,698 | -25.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,054 | €10,352 | -€2,701 | -20.7% |
| Deferred charges and accrued income | 490/1 | €27 | €0 | -€27 | -100.0% |
| Total equity and liabilities | 10/49 | €1,896,389 | €1,842,539 | -€53,850 | -2.8% |
| Equity | 10/15 | €559,223 | €565,740 | +€6,517 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €540,623 | €547,140 | +€6,517 | +1.2% |
| Distributable reserves | 133 | €540,623 | €547,140 | +€6,517 | +1.2% |
| Amounts payable | 17/49 | €1,337,166 | €1,276,799 | -€60,367 | -4.5% |
| Amounts payable after more than one year | 17 | €590,054 | €453,410 | -€136,644 | -23.2% |
| Financial debts | 170/4 | €590,054 | €453,410 | -€136,644 | -23.2% |
| Amounts payable within one year | 42/48 | €728,397 | €796,374 | +€67,977 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €249,156 | €136,644 | -€112,512 | -45.2% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €157,920 | €116,564 | -€41,357 | -26.2% |
| Suppliers | 440/4 | €157,920 | €116,564 | -€41,357 | -26.2% |
| Taxes, remuneration and social security | 45 | €96,981 | €86,055 | -€10,927 | -11.3% |
| Taxes | 450/3 | €96,981 | €86,055 | -€10,927 | -11.3% |
| Other amounts payable | 47/48 | €199,339 | €432,111 | +€232,772 | +116.8% |
| Accrued charges and deferred income | 492/3 | €18,715 | €27,015 | +€8,301 | +44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,986 | €34,959 | -€27 | -0.1% |
| Other operating charges | 640/8 | €26,604 | €3,432 | -€23,172 | -87.1% |
| Gross operating margin | 9900 | €129,789 | €88,817 | -€40,972 | -31.6% |
| Operating profit (loss) | 9901 | €68,199 | €50,425 | -€17,774 | -26.1% |
| Financial income | 75/76B | €27 | €1,429 | +€1,401 | +5128.0% |
| Recurring financial income | 75 | €27 | €1,429 | +€1,401 | +5128.0% |
| Financial charges | 65/66B | €24,461 | €41,890 | +€17,430 | +71.3% |
| Recurring financial charges | 65 | €24,461 | €41,890 | +€17,430 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €43,765 | €9,964 | -€33,802 | -77.2% |
| Income taxes | 67/77 | €15,140 | €3,447 | -€11,693 | -77.2% |
| Profit (loss) for the period | 9904 | €28,626 | €6,517 | -€22,109 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,626 | €6,517 | -€22,109 | -77.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.