upshift: 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.
upshift
Largest movements
- Receivables within one year +€21,000
up €21,000 (+128.1%), from €16,390 to €37,390
of which Trade receivables: +€26,744
- Tangible fixed assets -€1,043
down €1,043 (-14.2%), from €7,367 to €6,324
of which Furniture and vehicles: -€813
- Current investments -€988
down €988 (-98.8%), from €1,000 to €12
- Cash +€584
up €584 (+33.5%), from €1,743 to €2,327
mainly Net result for the year (+€11,009) and Trade debts (+€10,095)
- Trade debts +€10,095
up €10,095 (+1367.6%), from €738 to €10,833
- Other debts +€7,000
up €7,000 (+293.5%), from €2,385 to €9,385
- Accrued charges and deferred income +€3,008
new in 2025: €3,008
- Short-term financial debts -€2,758
down €2,758 (-82.1%), from €3,360 to €602
- Tax, wage and social debts +€1,828
up €1,828, from €0 to €1,828
- Gross operating margin -€12,934
down €12,934 (-38.9%), from €33,242 to €20,308
- Taxes -€2,792
down €2,792 (-41.0%), from €6,804 to €4,012
- Depreciation -€1,851
down €1,851 (-32.2%), from €5,744 to €3,893
- Other operating charges -€610
down €610 (-36.1%), from €1,690 to €1,080
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 | €26,962 | €46,144 | +€19,182 | +71.1% |
| Fixed assets | 21/28 | €7,367 | €6,324 | -€1,043 | -14.2% |
| Tangible fixed assets | 22/27 | €7,367 | €6,324 | -€1,043 | -14.2% |
| Plant, machinery and equipment | 23 | €5,532 | €5,302 | -€231 | -4.2% |
| Furniture and vehicles | 24 | €1,835 | €1,022 | -€813 | -44.3% |
| Current assets | 29/58 | €19,594 | €39,820 | +€20,226 | +103.2% |
| Amounts receivable within one year | 40/41 | €16,390 | €37,390 | +€21,000 | +128.1% |
| Trade receivables | 40 | €9,653 | €36,397 | +€26,744 | +277.1% |
| Other amounts receivable | 41 | €6,737 | €993 | -€5,744 | -85.3% |
| Current investments | 50/53 | €1,000 | €12 | -€988 | -98.8% |
| Cash at bank and in hand | 54/58 | €1,743 | €2,327 | +€584 | +33.5% |
| Deferred charges and accrued income | 490/1 | €461 | €91 | -€370 | -80.2% |
| Total equity and liabilities | 10/49 | €26,962 | €46,144 | +€19,182 | +71.1% |
| Equity | 10/15 | €20,479 | €20,488 | +€9 | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,479 | €19,488 | +€9 | 0.0% |
| Distributable reserves | 133 | €19,479 | €19,488 | +€9 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,482 | €25,656 | +€19,173 | +295.8% |
| Amounts payable within one year | 42/48 | €6,482 | €22,648 | +€16,165 | +249.4% |
| Financial debts | 43 | €3,360 | €602 | -€2,758 | -82.1% |
| Credit institutions | 430/8 | €3,360 | €602 | -€2,758 | -82.1% |
| Trade debts | 44 | €738 | €10,833 | +€10,095 | +1367.6% |
| Suppliers | 440/4 | €738 | €10,833 | +€10,095 | +1367.6% |
| Taxes, remuneration and social security | 45 | €0 | €1,828 | +€1,828 | |
| Taxes | 450/3 | €0 | €1,828 | +€1,828 | |
| Other amounts payable | 47/48 | €2,385 | €9,385 | +€7,000 | +293.5% |
| Accrued charges and deferred income | 492/3 | - | €3,008 | +€3,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,744 | €3,893 | -€1,851 | -32.2% |
| Other operating charges | 640/8 | €1,690 | €1,080 | -€610 | -36.1% |
| Gross operating margin | 9900 | €33,242 | €20,308 | -€12,934 | -38.9% |
| Operating profit (loss) | 9901 | €25,809 | €15,336 | -€10,473 | -40.6% |
| Financial income | 75/76B | €59 | €17 | -€43 | -72.0% |
| Recurring financial income | 75 | €59 | €17 | -€43 | -72.0% |
| Financial charges | 65/66B | €320 | €331 | +€11 | +3.4% |
| Recurring financial charges | 65 | €320 | €331 | +€11 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €25,548 | €15,021 | -€10,527 | -41.2% |
| Income taxes | 67/77 | €6,804 | €4,012 | -€2,792 | -41.0% |
| Profit (loss) for the period | 9904 | €18,744 | €11,009 | -€7,735 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,744 | €11,009 | -€7,735 | -41.3% |
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.