UPPERWEST: 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.
UPPERWEST
Largest movements
- Tangible fixed assets -€1.9m
down €1.9m (-37.3%), from €5.1m to €3.2m
of which Land and buildings: -€1.9m
- Receivables within one year +€1.0m
up €1.0m (+26.1%), from €4.0m to €5.1m
of which Other amounts receivable: +€1.0m
- Other debts -€943,996
down €943,996 (-98.3%), from €960,221 to €16,225
- Reserves +€706,954
up €706,954 (+19.6%), from €3.6m to €4.3m
of which Distributable reserves: +€706,954
- Debts after one year -€451,224
down €451,224 (-5.5%), from €8.3m to €7.8m
- Gross operating margin -€1.5m
down €1.5m (-51.6%), from €2.8m to €1.4m
- Financial charges +€168,828
up €168,828 (+173.1%), from €97,538 to €266,366
- Financial income +€110,935
up €110,935 (+4699.6%), from €2,361 to €113,296
- Depreciation -€101,702
down €101,702 (-43.6%), from €233,372 to €131,670
- Taxes -€99,625
down €99,625 (-28.9%), from €344,570 to €244,946
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 | €13,506,793 | €12,663,224 | -€843,570 | -6.2% |
| Fixed assets | 21/28 | €9,301,489 | €7,392,708 | -€1.9m | -20.5% |
| Tangible fixed assets | 22/27 | €5,116,449 | €3,207,668 | -€1.9m | -37.3% |
| Land and buildings | 22 | €5,024,550 | €3,107,641 | -€1.9m | -38.2% |
| Plant, machinery and equipment | 23 | €7,765 | €6,010 | -€1,755 | -22.6% |
| Furniture and vehicles | 24 | €22,374 | €32,257 | +€9,884 | +44.2% |
| Other tangible fixed assets | 26 | €61,760 | €61,760 | = | 0.0% |
| Financial fixed assets | 28 | €4,185,040 | €4,185,040 | = | 0.0% |
| Current assets | 29/58 | €4,205,304 | €5,270,515 | +€1.1m | +25.3% |
| Amounts receivable within one year | 40/41 | €4,011,744 | €5,059,962 | +€1.0m | +26.1% |
| Trade receivables | 40 | €3,303 | €13,803 | +€10,500 | +317.9% |
| Other amounts receivable | 41 | €4,008,441 | €5,046,159 | +€1.0m | +25.9% |
| Current investments | 50/53 | €61,777 | €42,657 | -€19,120 | -31.0% |
| Cash at bank and in hand | 54/58 | €121,643 | €165,507 | +€43,864 | +36.1% |
| Deferred charges and accrued income | 490/1 | €10,140 | €2,389 | -€7,751 | -76.4% |
| Total equity and liabilities | 10/49 | €13,506,793 | €12,663,224 | -€843,570 | -6.2% |
| Equity | 10/15 | €3,610,719 | €4,329,973 | +€719,254 | +19.9% |
| Contributions | 10/11 | €6,250 | €18,550 | +€12,300 | +196.8% |
| Reserves | 13 | €3,604,469 | €4,311,423 | +€706,954 | +19.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,604,469 | €4,311,423 | +€706,954 | +19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,896,074 | €8,333,250 | -€1.6m | -15.8% |
| Amounts payable after more than one year | 17 | €8,251,048 | €7,799,824 | -€451,224 | -5.5% |
| Financial debts | 170/4 | €8,251,048 | €7,799,824 | -€451,224 | -5.5% |
| Amounts payable within one year | 42/48 | €1,642,182 | €531,415 | -€1.1m | -67.6% |
| Current portion of amounts payable after more than one year | 42 | €366,592 | €372,932 | +€6,340 | +1.7% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €187,727 | €95,333 | -€92,394 | -49.2% |
| Suppliers | 440/4 | €187,727 | €95,333 | -€92,394 | -49.2% |
| Taxes, remuneration and social security | 45 | €127,643 | €46,914 | -€80,729 | -63.2% |
| Taxes | 450/3 | €127,643 | €46,914 | -€80,729 | -63.2% |
| Other amounts payable | 47/48 | €960,221 | €16,225 | -€943,996 | -98.3% |
| Accrued charges and deferred income | 492/3 | €2,843 | €2,011 | -€832 | -29.3% |
| Non-recurring operating income | 76A | €1,119,071 | €2,715 | -€1.1m | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,372 | €131,670 | -€101,702 | -43.6% |
| Other operating charges | 640/8 | €11,200 | €14,347 | +€3,147 | +28.1% |
| Non-recurring operating charges | 66A | €454 | €107,415 | +€106,961 | +23572.7% |
| Gross operating margin | 9900 | €2,810,820 | €1,360,119 | -€1.5m | -51.6% |
| Operating profit (loss) | 9901 | €2,565,795 | €1,106,687 | -€1.5m | -56.9% |
| Financial income | 75/76B | €2,361 | €113,296 | +€110,935 | +4699.6% |
| Recurring financial income | 75 | €2,361 | €113,296 | +€110,935 | +4699.6% |
| Financial charges | 65/66B | €97,538 | €266,366 | +€168,828 | +173.1% |
| Recurring financial charges | 65 | €97,538 | €266,366 | +€168,828 | +173.1% |
| Profit (loss) for the period before taxes | 9903 | €2,470,617 | €953,617 | -€1.5m | -61.4% |
| Income taxes | 67/77 | €344,570 | €244,946 | -€99,625 | -28.9% |
| Profit (loss) for the period | 9904 | €2,126,047 | €708,671 | -€1.4m | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,126,047 | €708,671 | -€1.4m | -66.7% |
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 29 September 2026 via checked.be.