Upling: 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.
Upling
Largest movements
- Tangible fixed assets +€519,825
up €519,825 (+75.6%), from €687,522 to €1.2m
of which Land and buildings: +€520,054
- Cash -€174,642
down €174,642 (-59.4%), from €293,844 to €119,202
mainly Investment in fixed assets (net) (-€547,012) and Net result for the year (-€44,969)
- Debts after one year +€240,829
up €240,829 (+22.6%), from €1.1m to €1.3m
- Contributions +€130,100
up €130,100 (+2602.0%), from €5,000 to €135,100
- Profit (loss) carried forward -€44,969
down €44,969 (-45.9%), from -€98,008 to -€142,976
- Trade debts +€23,253
up €23,253 (+5352.9%), from €434 to €23,687
- Depreciation -€77,173
down €77,173 (-73.9%), from €104,360 to €27,187
- Gross operating margin -€11,536
down €11,536 (-50.6%), from €22,794 to €11,259
- Financial charges +€11,277
up €11,277 (+103.1%), from €10,941 to €22,218
- Other operating charges +€1,349
up €1,349 (+24.9%), from €5,419 to €6,767
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €994,029 | €1,354,436 | +€360,408 | +36.3% |
| Fixed assets | 21/28 | €687,522 | €1,207,347 | +€519,825 | +75.6% |
| Tangible fixed assets | 22/27 | €687,522 | €1,207,347 | +€519,825 | +75.6% |
| Land and buildings | 22 | €686,987 | €1,207,041 | +€520,054 | +75.7% |
| Furniture and vehicles | 24 | €535 | €305 | -€229 | -42.9% |
| Current assets | 29/58 | €306,507 | €147,090 | -€159,417 | -52.0% |
| Amounts receivable within one year | 40/41 | - | €11,224 | +€11,224 | |
| Trade receivables | 40 | - | €10,979 | +€10,979 | |
| Other amounts receivable | 41 | - | €246 | +€246 | |
| Cash at bank and in hand | 54/58 | €293,844 | €119,202 | -€174,642 | -59.4% |
| Deferred charges and accrued income | 490/1 | €12,663 | €16,663 | +€4,001 | +31.6% |
| Total equity and liabilities | 10/49 | €994,029 | €1,354,436 | +€360,408 | +36.3% |
| Equity | 10/15 | -€93,008 | -€7,876 | +€85,131 | +91.5% |
| Contributions | 10/11 | €5,000 | €135,100 | +€130,100 | +2602.0% |
| Profit (loss) carried forward | 14 | -€98,008 | -€142,976 | -€44,969 | -45.9% |
| Amounts payable | 17/49 | €1,087,036 | €1,362,313 | +€275,276 | +25.3% |
| Amounts payable after more than one year | 17 | €1,063,321 | €1,304,151 | +€240,829 | +22.6% |
| Financial debts | 170/4 | €1,063,321 | €1,304,151 | +€240,829 | +22.6% |
| Amounts payable within one year | 42/48 | €23,715 | €58,162 | +€34,447 | +145.3% |
| Current portion of amounts payable after more than one year | 42 | €13,847 | €24,171 | +€10,323 | +74.6% |
| Trade debts | 44 | €434 | €23,687 | +€23,253 | +5352.9% |
| Suppliers | 440/4 | €434 | €23,687 | +€23,253 | +5352.9% |
| Taxes, remuneration and social security | 45 | €457 | €457 | = | 0.0% |
| Taxes | 450/3 | €457 | €457 | = | 0.0% |
| Other amounts payable | 47/48 | €8,976 | €9,847 | +€871 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,360 | €27,187 | -€77,173 | -73.9% |
| Other operating charges | 640/8 | €5,419 | €6,767 | +€1,349 | +24.9% |
| Gross operating margin | 9900 | €22,794 | €11,259 | -€11,536 | -50.6% |
| Operating profit (loss) | 9901 | -€86,984 | -€22,696 | +€64,288 | +73.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,941 | €22,218 | +€11,277 | +103.1% |
| Recurring financial charges | 65 | €10,941 | €22,218 | +€11,277 | +103.1% |
| Profit (loss) for the period before taxes | 9903 | -€97,926 | -€44,914 | +€53,011 | +54.1% |
| Income taxes | 67/77 | €82 | €54 | -€28 | -33.7% |
| Profit (loss) for the period | 9904 | -€98,008 | -€44,969 | +€53,039 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,008 | -€44,969 | +€53,039 | +54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.