UPPEPPER: 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.
UPPEPPER
Largest movements
- Cash -€17,815
down €17,815 (-61.8%), from €28,843 to €11,028
mainly Other debts (-€25,495) and Investment in fixed assets (net) (-€22,945)
- Tangible fixed assets +€6,658
up €6,658 (+40.7%), from €16,371 to €23,028
of which Land and buildings: +€20,850
- Receivables within one year +€5,504
up €5,504 (+34.4%), from €15,978 to €21,483
of which Trade receivables: +€5,273
- Deferred charges and accrued income +€1,385
up €1,385 (+26.3%), from €5,268 to €6,652
- Other debts -€25,495
down €25,495 (-100.0%), from €25,500 to €5
- Reserves +€19,631
up €19,631 (+65.8%), from €29,836 to €49,466
- Trade debts +€1,229
up €1,229 (+46.2%), from €2,658 to €3,888
- Gross operating margin -€1,233
down €1,233 (-2.8%), from €44,344 to €43,112
- Depreciation -€658
down €658 (-3.9%), from €16,945 to €16,287
- Taxes -€623
down €623 (-11.6%), from €5,394 to €4,771
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 | €66,459 | €62,191 | -€4,268 | -6.4% |
| Fixed assets | 21/28 | €16,371 | €23,028 | +€6,658 | +40.7% |
| Tangible fixed assets | 22/27 | €16,371 | €23,028 | +€6,658 | +40.7% |
| Land and buildings | 22 | - | €20,850 | +€20,850 | |
| Plant, machinery and equipment | 23 | €136 | €1,681 | +€1,545 | +1133.5% |
| Furniture and vehicles | 24 | €16,234 | €498 | -€15,737 | -96.9% |
| Current assets | 29/58 | €50,089 | €39,163 | -€10,926 | -21.8% |
| Amounts receivable within one year | 40/41 | €15,978 | €21,483 | +€5,504 | +34.4% |
| Trade receivables | 40 | €13,343 | €18,616 | +€5,273 | +39.5% |
| Other amounts receivable | 41 | €2,635 | €2,866 | +€231 | +8.8% |
| Cash at bank and in hand | 54/58 | €28,843 | €11,028 | -€17,815 | -61.8% |
| Deferred charges and accrued income | 490/1 | €5,268 | €6,652 | +€1,385 | +26.3% |
| Total equity and liabilities | 10/49 | €66,459 | €62,191 | -€4,268 | -6.4% |
| Equity | 10/15 | €34,836 | €54,466 | +€19,631 | +56.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,836 | €49,466 | +€19,631 | +65.8% |
| Distributable reserves | 133 | €29,836 | €49,466 | +€19,631 | +65.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,624 | €7,725 | -€23,899 | -75.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,624 | €7,725 | -€23,899 | -75.6% |
| Financial debts | 43 | €13 | €162 | +€149 | +1151.6% |
| Credit institutions | 430/8 | €13 | €162 | +€149 | +1151.6% |
| Trade debts | 44 | €2,658 | €3,888 | +€1,229 | +46.2% |
| Suppliers | 440/4 | €2,658 | €3,888 | +€1,229 | +46.2% |
| Taxes, remuneration and social security | 45 | €3,452 | €3,670 | +€218 | +6.3% |
| Taxes | 450/3 | €3,452 | €3,670 | +€218 | +6.3% |
| Other amounts payable | 47/48 | €25,500 | €5 | -€25,495 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,945 | €16,287 | -€658 | -3.9% |
| Other operating charges | 640/8 | €1,186 | €1,227 | +€41 | +3.4% |
| Gross operating margin | 9900 | €44,344 | €43,112 | -€1,233 | -2.8% |
| Operating profit (loss) | 9901 | €26,213 | €25,598 | -€616 | -2.3% |
| Financial income | 75/76B | €1 | €11 | +€10 | +888.5% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +888.5% |
| Financial charges | 65/66B | €1,206 | €1,208 | +€1 | +0.1% |
| Recurring financial charges | 65 | €1,206 | €1,208 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €25,008 | €24,401 | -€607 | -2.4% |
| Income taxes | 67/77 | €5,394 | €4,771 | -€623 | -11.6% |
| Profit (loss) for the period | 9904 | €19,614 | €19,631 | +€17 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,614 | €19,631 | +€17 | +0.1% |
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 5 October 2026 via checked.be.