UPPER INVESTISSEMENTS: 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.
UPPER INVESTISSEMENTS
Largest movements
- Cash +€2.0m
up €2.0m (+796%), from €256,729 to €2.3m
mainly Other debts (+€2.0m) and Net result for the year (+€203,592)
- Other debts +€2.0m
up €2.0m (+439%), from €446,563 to €2.4m
- Profit (loss) carried forward +€203,592
up €203,592 (+67.9%), from -€300,044 to -€96,451
- Advances received -€120,000
down €120,000 (-100%), from €120,000 to €0
- Gross operating margin +€214,021
up €214,021, from -€9,758 to €204,263
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 | €266,519 | €2,310,629 | +€2.0m | +767% |
| Fixed assets | 21/28 | €7,225 | €7,225 | = | 0.0% |
| Financial fixed assets | 28 | €7,225 | €7,225 | = | 0.0% |
| Current assets | 29/58 | €259,294 | €2,303,404 | +€2.0m | +788% |
| Amounts receivable within one year | 40/41 | €2,565 | €4,092 | +€1,527 | +59.5% |
| Other amounts receivable | 41 | €2,565 | €4,092 | +€1,527 | +59.5% |
| Cash at bank and in hand | 54/58 | €256,729 | €2,299,313 | +€2.0m | +796% |
| Total equity and liabilities | 10/49 | €266,519 | €2,310,629 | +€2.0m | +767% |
| Equity | 10/15 | -€300,044 | -€96,451 | +€203,592 | +67.9% |
| Contributions | 10/11 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€300,044 | -€96,451 | +€203,592 | +67.9% |
| Amounts payable | 17/49 | €566,563 | €2,407,081 | +€1.8m | +325% |
| Amounts payable within one year | 42/48 | €566,563 | €2,407,081 | +€1.8m | +325% |
| Trade debts | 44 | - | €100 | +€100 | |
| Suppliers | 440/4 | - | €100 | +€100 | |
| Advances received on contracts in progress | 46 | €120,000 | €0 | -€120,000 | -100% |
| Other amounts payable | 47/48 | €446,563 | €2,406,981 | +€2.0m | +439% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€9,758 | €204,263 | +€214,021 | |
| Operating profit (loss) | 9901 | -€10,145 | €203,863 | +€214,009 | |
| Financial income | 75/76B | €563 | €0 | -€563 | -100% |
| Recurring financial income | 75 | €563 | €0 | -€563 | -100% |
| Financial charges | 65/66B | €178 | €271 | +€93 | +52.1% |
| Recurring financial charges | 65 | €178 | €271 | +€93 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,760 | €203,592 | +€213,353 | |
| Profit (loss) for the period | 9904 | -€9,760 | €203,592 | +€213,353 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,760 | €203,592 | +€213,353 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.