UPSKILL PARTNER: what changed
UPSKILL PARTNER
Largest movements
- Cash +€49,344
up €49,344 (+128%), from €38,520 to €87,863
mainly Other debts (+€49,251) and Net result for the year (+€35,101)
- Tangible fixed assets -€16,147
down €16,147 (-22.3%), from €72,366 to €56,219
of which Furniture and vehicles: -€14,189
- Receivables within one year +€5,808
up €5,808 (+13.0%), from €44,758 to €50,566
of which Trade receivables: +€7,745
- Other debts +€49,251
up €49,251 (+236%), from €20,826 to €70,076
- Tax, wage and social debts +€19,718
up €19,718 (+225%), from €8,746 to €28,464
- Profit (loss) carried forward -€15,899
down €15,899 (-31.1%), from €51,154 to €35,255
- Debts after one year -€11,019
down €11,019 (-32.9%), from €33,449 to €22,430
- Trade debts -€2,982
down €2,982 (-23.5%), from €12,715 to €9,733
- Gross operating margin +€29,305
up €29,305 (+55.1%), from €53,174 to €82,479
- Staff costs +€14,803
no longer reported in 2025 (was -€14,803)
- Taxes +€10,743
up €10,743 (+82.4%), from €13,031 to €23,773
- Other operating charges -€3,279
down €3,279 (-76.3%), from €4,296 to €1,017
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,933 | €197,446 | +€39,513 | +25.0% |
| Fixed assets | 21/28 | €72,366 | €56,219 | -€16,147 | -22.3% |
| Tangible fixed assets | 22/27 | €72,366 | €56,219 | -€16,147 | -22.3% |
| Plant, machinery and equipment | 23 | €4,984 | €4,507 | -€477 | -9.6% |
| Furniture and vehicles | 24 | €59,721 | €45,532 | -€14,189 | -23.8% |
| Other tangible fixed assets | 26 | €7,661 | €6,179 | -€1,482 | -19.3% |
| Current assets | 29/58 | €85,567 | €141,227 | +€55,661 | +65.0% |
| Amounts receivable within one year | 40/41 | €44,758 | €50,566 | +€5,808 | +13.0% |
| Trade receivables | 40 | €35,852 | €43,596 | +€7,745 | +21.6% |
| Other amounts receivable | 41 | €8,906 | €6,969 | -€1,936 | -21.7% |
| Cash at bank and in hand | 54/58 | €38,520 | €87,863 | +€49,344 | +128% |
| Deferred charges and accrued income | 490/1 | €2,290 | €2,799 | +€509 | +22.2% |
| Total equity and liabilities | 10/49 | €157,933 | €197,446 | +€39,513 | +25.0% |
| Equity | 10/15 | €71,614 | €55,715 | -€15,899 | -22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,154 | €35,255 | -€15,899 | -31.1% |
| Amounts payable | 17/49 | €86,319 | €141,730 | +€55,412 | +64.2% |
| Amounts payable after more than one year | 17 | €33,449 | €22,430 | -€11,019 | -32.9% |
| Financial debts | 170/4 | €33,449 | €22,430 | -€11,019 | -32.9% |
| Amounts payable within one year | 42/48 | €52,861 | €119,292 | +€66,431 | +126% |
| Current portion of amounts payable after more than one year | 42 | €10,575 | €11,019 | +€444 | +4.2% |
| Trade debts | 44 | €12,715 | €9,733 | -€2,982 | -23.5% |
| Suppliers | 440/4 | €12,715 | €9,733 | -€2,982 | -23.5% |
| Taxes, remuneration and social security | 45 | €8,746 | €28,464 | +€19,718 | +225% |
| Taxes | 450/3 | €8,746 | €28,464 | +€19,718 | +225% |
| Other amounts payable | 47/48 | €20,826 | €70,076 | +€49,251 | +236% |
| Accrued charges and deferred income | 492/3 | €8 | €8 | = | 0.0% |
| Remuneration, social security and pensions | 62 | -€14,803 | - | +€14,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,548 | €19,272 | -€276 | -1.4% |
| Other operating charges | 640/8 | €4,296 | €1,017 | -€3,279 | -76.3% |
| Gross operating margin | 9900 | €53,174 | €82,479 | +€29,305 | +55.1% |
| Operating profit (loss) | 9901 | €44,133 | €62,190 | +€18,057 | +40.9% |
| Financial income | 75/76B | €763 | €215 | -€549 | -71.9% |
| Recurring financial income | 75 | €763 | €215 | -€549 | -71.9% |
| Financial charges | 65/66B | €4,004 | €3,530 | -€475 | -11.9% |
| Recurring financial charges | 65 | €4,004 | €3,530 | -€475 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €40,893 | €58,875 | +€17,982 | +44.0% |
| Income taxes | 67/77 | €13,031 | €23,773 | +€10,743 | +82.4% |
| Profit (loss) for the period | 9904 | €27,862 | €35,101 | +€7,239 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,862 | €35,101 | +€7,239 | +26.0% |
Next steps
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 3 November 2026 via checked.be.