UPSILONE: 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.
UPSILONE
Largest movements
- Receivables within one year -€121,021
down €121,021 (-68.6%), from €176,349 to €55,328
of which Trade receivables: -€119,566
- Cash +€30,801
up €30,801 (+442.8%), from €6,957 to €37,757
mainly Receivables within one year (+€121,021) and Net result for the year (+€44,603)
- Tangible fixed assets -€4,237
down €4,237 (-25.1%), from €16,854 to €12,617
of which Furniture and vehicles: -€8,380
- Profit (loss) carried forward -€33,932
down €33,932 (-41.4%), from €82,041 to €48,109
- Other debts -€28,183
down €28,183 (-45.4%), from €62,107 to €33,925
- Contributions -€18,599
down €18,599 (-100.0%), from €18,600 to €1
- Current portion of long-term debt -€6,337
down €6,337 (-75.0%), from €8,449 to €2,112
- Trade debts -€5,371
down €5,371 (-97.6%), from €5,500 to €129
- Gross operating margin -€5,061
down €5,061 (-6.7%), from €75,278 to €70,217
- Taxes -€2,208
down €2,208 (-12.5%), from €17,724 to €15,515
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 | €201,642 | €108,741 | -€92,901 | -46.1% |
| Fixed assets | 21/28 | €16,854 | €12,617 | -€4,237 | -25.1% |
| Tangible fixed assets | 22/27 | €16,854 | €12,617 | -€4,237 | -25.1% |
| Furniture and vehicles | 24 | €16,854 | €8,474 | -€8,380 | -49.7% |
| Other tangible fixed assets | 26 | - | €4,143 | +€4,143 | |
| Current assets | 29/58 | €184,788 | €96,124 | -€88,664 | -48.0% |
| Amounts receivable within one year | 40/41 | €176,349 | €55,328 | -€121,021 | -68.6% |
| Trade receivables | 40 | €138,232 | €18,666 | -€119,566 | -86.5% |
| Other amounts receivable | 41 | €38,117 | €36,662 | -€1,455 | -3.8% |
| Cash at bank and in hand | 54/58 | €6,957 | €37,757 | +€30,801 | +442.8% |
| Deferred charges and accrued income | 490/1 | €1,482 | €3,038 | +€1,556 | +104.9% |
| Total equity and liabilities | 10/49 | €201,642 | €108,741 | -€92,901 | -46.1% |
| Equity | 10/15 | €102,501 | €49,970 | -€52,531 | -51.2% |
| Contributions | 10/11 | €18,600 | €1 | -€18,599 | -100.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,041 | €48,109 | -€33,932 | -41.4% |
| Amounts payable | 17/49 | €99,142 | €58,771 | -€40,370 | -40.7% |
| Amounts payable after more than one year | 17 | €2,112 | €0 | -€2,112 | -100.0% |
| Financial debts | 170/4 | €2,112 | €0 | -€2,112 | -100.0% |
| Amounts payable within one year | 42/48 | €97,029 | €58,771 | -€38,258 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €8,449 | €2,112 | -€6,337 | -75.0% |
| Trade debts | 44 | €5,500 | €129 | -€5,371 | -97.6% |
| Suppliers | 440/4 | €5,500 | €129 | -€5,371 | -97.6% |
| Taxes, remuneration and social security | 45 | €20,973 | €22,605 | +€1,632 | +7.8% |
| Taxes | 450/3 | €16,173 | €17,805 | +€1,632 | +10.1% |
| Remuneration and social security | 454/9 | €4,800 | €4,800 | = | 0.0% |
| Other amounts payable | 47/48 | €62,107 | €33,925 | -€28,183 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,140 | €8,495 | +€355 | +4.4% |
| Other operating charges | 640/8 | €1,277 | €1,579 | +€302 | +23.7% |
| Gross operating margin | 9900 | €75,278 | €70,217 | -€5,061 | -6.7% |
| Operating profit (loss) | 9901 | €65,861 | €60,143 | -€5,718 | -8.7% |
| Financial income | 75/76B | €385 | €102 | -€283 | -73.5% |
| Recurring financial income | 75 | €385 | €102 | -€283 | -73.5% |
| Financial charges | 65/66B | - | €126 | +€126 | |
| Recurring financial charges | 65 | - | €126 | +€126 | |
| Profit (loss) for the period before taxes | 9903 | €66,246 | €60,119 | -€6,127 | -9.2% |
| Income taxes | 67/77 | €17,724 | €15,515 | -€2,208 | -12.5% |
| Profit (loss) for the period | 9904 | €48,522 | €44,603 | -€3,919 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,522 | €44,603 | -€3,919 | -8.1% |
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 10 October 2026 via checked.be.