UPRINCE: what changed
What changed
UPRINCE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€407,798
2024 · €10,945-€418,744
Equity
€139,944
2024 · €547,743-€407,798
Cash
€70,374
2024 · €119,639-€49,265
Balance sheet total
€1.3m
2024 · €1.2m+€35,160
Largest movements
Assets
- Intangible fixed assets +€153,334
up €153,334 (+23.7%), from €647,844 to €801,178
- Cash -€49,265
down €49,265 (-41.2%), from €119,639 to €70,374
mainly Net result for the year (-€407,798) and Investment in fixed assets (net) (-€327,672)
- Stocks and contracts -€47,160
down €47,160 (-43.1%), from €109,400 to €62,240
- Receivables within one year -€22,773
down €22,773 (-6.7%), from €339,045 to €316,273
of which Trade receivables: -€51,656
Equity and liabilities
- Profit (loss) carried forward -€407,798
down €407,798, from €12,143 to -€395,656
- Trade debts +€244,981
up €244,981 (+510%), from €48,044 to €293,025
- Debts after one year -€161,367
down €161,367 (-36.9%), from €437,335 to €275,968
of which Other amounts payable: -€225,000
- Accrued charges and deferred income +€153,448
up €153,448 (+322%), from €47,584 to €201,032
- Provisions +€78,140
up €78,140, from €0 to €78,140
Income statement
- Gross operating margin -€239,338
down €239,338, from €95,826 to -€143,512
- Provisions +€108,140
up €108,140, from -€30,000 to €78,140
- Depreciation +€73,654
up €73,654 (+73.5%), from €100,269 to €173,924
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
€10,945
Gross operating margin
-€239,338
Depreciation
-€73,654
Write-downs
+€495
Provisions
-€108,140
Other operating charges
+€376
Financial income
+€1,005
Financial charges
+€514
Result 2025
-€407,798
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
+€386,124
Investment
-€327,672
Financing
-€107,717
Cash 2024
€119,639
From operations (derived)
+€386,124
Net result for the year
-€407,798
Depreciation
+€173,924
Stocks and contracts
+€47,160
Receivables within one year
+€22,773
Deferred charges and accrued income
-€609
Provisions
+€78,140
Trade debts
+€244,981
Tax, wage and social debts
+€10,888
Other debts
+€63,219
Accrued charges and deferred income
+€153,448
Investment (derived)
-€327,672
Investment in fixed assets (net)
-€327,672
Financing
-€107,717
Debts after one year
-€161,367
Current portion of long-term debt
-€23,879
Short-term financial debts
+€77,530
Cash 2025
€70,374
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,228,820 | €1,263,980 | +€35,160 | +2.9% |
| Fixed assets | 21/28 | €658,883 | €812,632 | +€153,749 | +23.3% |
| Intangible fixed assets | 21 | €647,844 | €801,178 | +€153,334 | +23.7% |
| Tangible fixed assets | 22/27 | €11,039 | €5,994 | -€5,045 | -45.7% |
| Furniture and vehicles | 24 | €11,039 | €5,994 | -€5,045 | -45.7% |
| Financial fixed assets | 28 | - | €5,460 | +€5,460 | |
| Current assets | 29/58 | €569,937 | €451,349 | -€118,588 | -20.8% |
| Stocks and contracts in progress | 3 | €109,400 | €62,240 | -€47,160 | -43.1% |
| Contracts in progress | 37 | €109,400 | €62,240 | -€47,160 | -43.1% |
| Amounts receivable within one year | 40/41 | €339,045 | €316,273 | -€22,773 | -6.7% |
| Trade receivables | 40 | €335,276 | €283,620 | -€51,656 | -15.4% |
| Other amounts receivable | 41 | €3,770 | €32,653 | +€28,883 | +766% |
| Cash at bank and in hand | 54/58 | €119,639 | €70,374 | -€49,265 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,852 | €2,462 | +€609 | +32.9% |
| Total equity and liabilities | 10/49 | €1,228,820 | €1,263,980 | +€35,160 | +2.9% |
| Equity | 10/15 | €547,743 | €139,944 | -€407,798 | -74.5% |
| Contributions | 10/11 | €468,600 | €468,600 | = | 0.0% |
| Reserves | 13 | €67,000 | €67,000 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,143 | -€395,656 | -€407,798 | |
| Provisions and deferred taxes | 16 | €0 | €78,140 | +€78,140 | |
| Provisions for liabilities and charges | 160/5 | €0 | €78,140 | +€78,140 | |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | - | €78,140 | +€78,140 | |
| Amounts payable | 17/49 | €681,077 | €1,045,896 | +€364,819 | +53.6% |
| Amounts payable after more than one year | 17 | €437,335 | €275,968 | -€161,367 | -36.9% |
| Financial debts | 170/4 | €212,335 | €275,968 | +€63,633 | +30.0% |
| Other amounts payable | 178/9 | €225,000 | €0 | -€225,000 | -100% |
| Amounts payable within one year | 42/48 | €196,158 | €568,896 | +€372,738 | +190% |
| Current portion of amounts payable after more than one year | 42 | €76,880 | €53,001 | -€23,879 | -31.1% |
| Financial debts | 43 | - | €77,530 | +€77,530 | |
| Credit institutions | 430/8 | - | €77,530 | +€77,530 | |
| Trade debts | 44 | €48,044 | €293,025 | +€244,981 | +510% |
| Suppliers | 440/4 | €48,044 | €293,025 | +€244,981 | +510% |
| Taxes, remuneration and social security | 45 | €0 | €10,888 | +€10,888 | |
| Taxes | 450/3 | €0 | €10,888 | +€10,888 | |
| Other amounts payable | 47/48 | €71,235 | €134,454 | +€63,219 | +88.7% |
| Accrued charges and deferred income | 492/3 | €47,584 | €201,032 | +€153,448 | +322% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,269 | €173,924 | +€73,654 | +73.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,003 | €1,509 | -€495 | -24.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | €78,140 | +€108,140 | |
| Other operating charges | 640/8 | €1,054 | €678 | -€376 | -35.7% |
| Gross operating margin | 9900 | €95,826 | -€143,512 | -€239,338 | |
| Operating profit (loss) | 9901 | €22,500 | -€397,763 | -€420,262 | |
| Financial income | 75/76B | €579 | €1,584 | +€1,005 | +173% |
| Recurring financial income | 75 | €579 | €1,584 | +€1,005 | +173% |
| Financial charges | 65/66B | €12,134 | €11,620 | -€514 | -4.2% |
| Recurring financial charges | 65 | €12,134 | €11,620 | -€514 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €10,945 | -€407,798 | -€418,744 | |
| Profit (loss) for the period | 9904 | €10,945 | -€407,798 | -€418,744 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,945 | -€407,798 | -€418,744 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.