UPSALA: 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.
UPSALA
Largest movements
- Current investments +€29,985
up €29,985 (+14.5%), from €207,030 to €237,015
- Receivables within one year -€10,750
down €10,750 (-93.1%), from €11,550 to €800
of which Trade receivables: -€10,000
- Cash +€6,979
up €6,979 (+15.9%), from €44,022 to €51,001
mainly Net result for the year (+€37,418) and Other debts (+€18,197)
- Other debts +€18,197
up €18,197 (+137%), from €13,250 to €31,447
- Reserves +€5,976
up €5,976 (+3.1%), from €193,915 to €199,891
- Gross operating margin -€35,139
down €35,139 (-37.6%), from €93,332 to €58,193
- Taxes -€11,327
down €11,327 (-37.4%), from €30,258 to €18,932
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 | €263,055 | €288,956 | +€25,901 | +9.8% |
| Fixed assets | 21/28 | €374 | - | -€374 | |
| Tangible fixed assets | 22/27 | €374 | - | -€374 | |
| Furniture and vehicles | 24 | €374 | - | -€374 | |
| Current assets | 29/58 | €262,681 | €288,956 | +€26,275 | +10.0% |
| Amounts receivable within one year | 40/41 | €11,550 | €800 | -€10,750 | -93.1% |
| Trade receivables | 40 | €10,800 | €800 | -€10,000 | -92.6% |
| Other amounts receivable | 41 | €750 | - | -€750 | |
| Current investments | 50/53 | €207,030 | €237,015 | +€29,985 | +14.5% |
| Cash at bank and in hand | 54/58 | €44,022 | €51,001 | +€6,979 | +15.9% |
| Deferred charges and accrued income | 490/1 | €79 | €140 | +€61 | +77.6% |
| Total equity and liabilities | 10/49 | €263,055 | €288,956 | +€25,901 | +9.8% |
| Equity | 10/15 | €232,811 | €238,786 | +€5,976 | +2.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €193,915 | €199,891 | +€5,976 | +3.1% |
| Distributable reserves | 133 | €193,915 | €199,891 | +€5,976 | +3.1% |
| Profit (loss) carried forward | 14 | €37,896 | €37,896 | = | 0.0% |
| Amounts payable | 17/49 | €30,244 | €50,170 | +€19,925 | +65.9% |
| Amounts payable within one year | 42/48 | €30,244 | €50,170 | +€19,925 | +65.9% |
| Trade debts | 44 | €736 | €2,773 | +€2,037 | +277% |
| Suppliers | 440/4 | €736 | €2,773 | +€2,037 | +277% |
| Taxes, remuneration and social security | 45 | €16,258 | €15,950 | -€308 | -1.9% |
| Taxes | 450/3 | €16,258 | €15,950 | -€308 | -1.9% |
| Other amounts payable | 47/48 | €13,250 | €31,447 | +€18,197 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €374 | +€3 | +0.9% |
| Other operating charges | 640/8 | €637 | €1,200 | +€562 | +88.2% |
| Gross operating margin | 9900 | €93,332 | €58,193 | -€35,139 | -37.6% |
| Operating profit (loss) | 9901 | €92,323 | €56,619 | -€35,704 | -38.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €270 | €270 | = | 0.0% |
| Recurring financial charges | 65 | €270 | €270 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €92,053 | €56,350 | -€35,704 | -38.8% |
| Income taxes | 67/77 | €30,258 | €18,932 | -€11,327 | -37.4% |
| Profit (loss) for the period | 9904 | €61,795 | €37,418 | -€24,377 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,795 | €37,418 | -€24,377 | -39.4% |
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 16 October 2026 via checked.be.