UPSILON TECHNOLOGY & CONSULTING: 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.
UPSILON TECHNOLOGY & CONSULTING
Largest movements
- Receivables within one year +€83,930
up €83,930 (+118.7%), from €70,717 to €154,647
of which Trade receivables: +€86,198
- Tangible fixed assets +€13,974
up €13,974 (+7.2%), from €195,368 to €209,342
of which Furniture and vehicles: +€39,437
- Cash -€12,266
down €12,266 (-3.1%), from €389,503 to €377,237
mainly Receivables within one year (-€83,930) and Contributions, distributions and other (-€81,744)
- Reserves -€62,019
down €62,019 (-29.8%), from €208,370 to €146,351
of which Distributable reserves: -€61,937
- Other debts +€60,245
up €60,245 (+158.8%), from €37,945 to €98,191
- Trade debts +€43,568
up €43,568 (+75.5%), from €57,727 to €101,295
- Debts after one year +€30,299
up €30,299 (+1815.6%), from €1,669 to €31,968
- Current portion of long-term debt +€13,571
up €13,571 (+348.9%), from €3,890 to €17,461
- Gross operating margin +€43,866
up €43,866 (+19.2%), from €228,088 to €271,953
- Staff costs +€24,577
up €24,577 (+16.0%), from €153,539 to €178,115
- Other operating charges +€19,759
up €19,759 (+1557.0%), from €1,269 to €21,028
- Write-downs -€17,431
down €17,431 (-85.7%), from €20,340 to €2,909
- Taxes +€7,522
up €7,522 (+78.4%), from €9,600 to €17,121
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 | €663,214 | €748,243 | +€85,029 | +12.8% |
| Fixed assets | 21/28 | €200,307 | €209,342 | +€9,035 | +4.5% |
| Intangible fixed assets | 21 | €4,939 | - | -€4,939 | |
| Tangible fixed assets | 22/27 | €195,368 | €209,342 | +€13,974 | +7.2% |
| Land and buildings | 22 | €89,349 | €67,449 | -€21,900 | -24.5% |
| Plant, machinery and equipment | 23 | €5,949 | €2,386 | -€3,563 | -59.9% |
| Furniture and vehicles | 24 | €25,069 | €64,506 | +€39,437 | +157.3% |
| Other tangible fixed assets | 26 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €462,907 | €538,901 | +€75,994 | +16.4% |
| Amounts receivable within one year | 40/41 | €70,717 | €154,647 | +€83,930 | +118.7% |
| Trade receivables | 40 | €64,190 | €150,388 | +€86,198 | +134.3% |
| Other amounts receivable | 41 | €6,526 | €4,259 | -€2,268 | -34.7% |
| Cash at bank and in hand | 54/58 | €389,503 | €377,237 | -€12,266 | -3.1% |
| Deferred charges and accrued income | 490/1 | €2,688 | €7,017 | +€4,329 | +161.1% |
| Total equity and liabilities | 10/49 | €663,214 | €748,243 | +€85,029 | +12.8% |
| Equity | 10/15 | €454,722 | €392,702 | -€62,019 | -13.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €208,370 | €146,351 | -€62,019 | -29.8% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €82 | - | -€82 | |
| Distributable reserves | 133 | €199,612 | €137,675 | -€61,937 | -31.0% |
| Profit (loss) carried forward | 14 | €184,851 | €184,851 | = | 0.0% |
| Amounts payable | 17/49 | €208,492 | €355,541 | +€147,048 | +70.5% |
| Amounts payable after more than one year | 17 | €1,669 | €31,968 | +€30,299 | +1815.6% |
| Financial debts | 170/4 | €1,669 | €31,968 | +€30,299 | +1815.6% |
| Amounts payable within one year | 42/48 | €195,824 | €323,539 | +€127,715 | +65.2% |
| Current portion of amounts payable after more than one year | 42 | €3,890 | €17,461 | +€13,571 | +348.9% |
| Trade debts | 44 | €57,727 | €101,295 | +€43,568 | +75.5% |
| Suppliers | 440/4 | €57,727 | €101,295 | +€43,568 | +75.5% |
| Taxes, remuneration and social security | 45 | €96,262 | €106,592 | +€10,331 | +10.7% |
| Taxes | 450/3 | €83,567 | €94,988 | +€11,420 | +13.7% |
| Remuneration and social security | 454/9 | €12,694 | €11,605 | -€1,090 | -8.6% |
| Other amounts payable | 47/48 | €37,945 | €98,191 | +€60,245 | +158.8% |
| Accrued charges and deferred income | 492/3 | €11,000 | €34 | -€10,966 | -99.7% |
| Remuneration, social security and pensions | 62 | €153,539 | €178,115 | +€24,577 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,046 | €28,738 | -€2,308 | -7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,340 | €2,909 | -€17,431 | -85.7% |
| Other operating charges | 640/8 | €1,269 | €21,028 | +€19,759 | +1557.0% |
| Gross operating margin | 9900 | €228,088 | €271,953 | +€43,866 | +19.2% |
| Operating profit (loss) | 9901 | €21,894 | €41,164 | +€19,269 | +88.0% |
| Financial income | 75/76B | €464 | €1,197 | +€733 | +157.8% |
| Recurring financial income | 75 | €464 | €1,197 | +€733 | +157.8% |
| Financial charges | 65/66B | €7,245 | €5,514 | -€1,730 | -23.9% |
| Recurring financial charges | 65 | €7,245 | €5,514 | -€1,730 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €15,114 | €36,847 | +€21,733 | +143.8% |
| Income taxes | 67/77 | €9,600 | €17,121 | +€7,522 | +78.4% |
| Profit (loss) for the period | 9904 | €5,515 | €19,725 | +€14,211 | +257.7% |
| Transfer from tax-exempt reserves | 789 | - | €82 | +€82 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,515 | €19,807 | +€14,293 | +259.2% |
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 6 October 2026 via checked.be.