Upoffiz | Upliving Ghent – Loop5: what changed
What changed
Upoffiz | Upliving Ghent – Loop5
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€2.9m
2024 · -€1.2m-€1.7m
Equity
€110.5m
2024 · €114.9m-€4.5m
Cash
€68,042
2024 · €2.4m-€2.4m
Balance sheet total
€111.2m
2024 · €115.3m-€4.1m
Largest movements
Assets
- Tangible fixed assets -€5.6m
down €5.6m (-5.0%), from €112.3m to €106.7m
of which Land and buildings: -€5.6m
- Receivables within one year +€3.8m
up €3.8m (+848%), from €453,420 to €4.3m
of which Other amounts receivable: +€3.7m
- Cash -€2.4m
down €2.4m (-97.2%), from €2.4m to €68,042
mainly Receivables within one year (-€3.8m) and Net result for the year (-€2.9m)
Equity and liabilities
- Profit (loss) carried forward -€2.9m
down €2.9m (-233%), from -€1.2m to -€4.1m
- Contributions -€1.6m
down €1.6m (-1.7%), from €94.7m to €93.1m
Income statement
- Depreciation +€3.2m
up €3.2m (+140%), from €2.3m to €5.6m
- Gross operating margin +€1.6m
up €1.6m (+142%), from €1.1m to €2.7m
- Financial income +€53,635
new in 2025: €53,635
- Other operating charges +€43,911
up €43,911 (+2,484%), from €1,768 to €45,678
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
-€1.2m
Gross operating margin
+€1.6m
Depreciation
-€3.2m
Other operating charges
-€43,911
Financial income
+€53,635
Financial charges
-€117
Result 2025
-€2.9m
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
-€749,430
Investment
€0
Financing
-€1.6m
Cash 2024
€2.4m
From operations (derived)
-€749,430
Net result for the year
-€2.9m
Depreciation
+€5.6m
Receivables within one year
-€3.8m
Deferred charges and accrued income
-€24,586
Trade debts
+€487,192
Tax, wage and social debts
-€123,919
Other debts
+€45,920
Accrued charges and deferred income
+€11,059
Financing
-€1.6m
Contributions, distributions and other
-€1.6m
Cash 2025
€68,042
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,263,899 | €111,199,625 | -€4.1m | -3.5% |
| Fixed assets | 21/28 | €112,292,373 | €106,732,175 | -€5.6m | -5.0% |
| Tangible fixed assets | 22/27 | €112,292,373 | €106,732,175 | -€5.6m | -5.0% |
| Land and buildings | 22 | €112,262,630 | €106,709,112 | -€5.6m | -4.9% |
| Plant, machinery and equipment | 23 | €29,744 | €23,063 | -€6,680 | -22.5% |
| Current assets | 29/58 | €2,971,526 | €4,467,451 | +€1.5m | +50.3% |
| Amounts receivable within one year | 40/41 | €453,420 | €4,300,568 | +€3.8m | +848% |
| Trade receivables | 40 | €453,420 | €580,498 | +€127,078 | +28.0% |
| Other amounts receivable | 41 | €0 | €3,720,071 | +€3.7m | |
| Cash at bank and in hand | 54/58 | €2,443,851 | €68,042 | -€2.4m | -97.2% |
| Deferred charges and accrued income | 490/1 | €74,255 | €98,840 | +€24,586 | +33.1% |
| Total equity and liabilities | 10/49 | €115,263,899 | €111,199,625 | -€4.1m | -3.5% |
| Equity | 10/15 | €114,941,151 | €110,456,625 | -€4.5m | -3.9% |
| Contributions | 10/11 | €94,686,074 | €93,059,694 | -€1.6m | -1.7% |
| Revaluation surpluses | 12 | €19,000,183 | €19,000,183 | = | 0.0% |
| Reserves | 13 | €2,483,743 | €2,483,743 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,483,743 | €2,483,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,228,849 | -€4,086,995 | -€2.9m | -233% |
| Amounts payable | 17/49 | €322,748 | €743,001 | +€420,252 | +130% |
| Amounts payable within one year | 42/48 | €309,894 | €719,087 | +€409,193 | +132% |
| Trade debts | 44 | €175,975 | €663,168 | +€487,192 | +277% |
| Suppliers | 440/4 | €175,975 | €663,168 | +€487,192 | +277% |
| Taxes, remuneration and social security | 45 | €123,919 | €0 | -€123,919 | -100% |
| Taxes | 450/3 | €123,919 | €0 | -€123,919 | -100% |
| Other amounts payable | 47/48 | €10,000 | €55,920 | +€45,920 | +459% |
| Accrued charges and deferred income | 492/3 | €12,854 | €23,914 | +€11,059 | +86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,317,624 | €5,560,198 | +€3.2m | +140% |
| Other operating charges | 640/8 | €1,768 | €45,678 | +€43,911 | +2,484% |
| Gross operating margin | 9900 | €1,115,392 | €2,694,549 | +€1.6m | +142% |
| Operating profit (loss) | 9901 | -€1,204,000 | -€2,911,328 | -€1.7m | -142% |
| Financial income | 75/76B | - | €53,635 | +€53,635 | |
| Recurring financial income | 75 | - | €53,635 | +€53,635 | |
| Financial charges | 65/66B | €336 | €453 | +€117 | +34.9% |
| Recurring financial charges | 65 | €336 | €453 | +€117 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,204,336 | -€2,858,146 | -€1.7m | -137% |
| Profit (loss) for the period | 9904 | -€1,204,336 | -€2,858,146 | -€1.7m | -137% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,204,336 | -€2,858,146 | -€1.7m | -137% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.