UPSTYLE: 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.
UPSTYLE
Largest movements
- Receivables within one year -€3,443
down €3,443 (-8.8%), from €39,235 to €35,792
of which Trade receivables: -€3,443
- Profit (loss) carried forward -€12,537
down €12,537 (-9.2%), from -€136,722 to -€149,259
- Short-term financial debts +€11,611
up €11,611 (+41.8%), from €27,748 to €39,359
of which Credit institutions: +€10,668
- Tax, wage and social debts -€1,671
down €1,671 (-1.3%), from €130,010 to €128,339
- Accrued charges and deferred income -€846
no longer reported in 2025 (was €846)
- Taxes -€104,132
no longer reported in 2025 (was €104,132)
- Gross operating margin +€48,189
up €48,189 (+95.9%), from -€50,273 to -€2,084
- Other operating charges -€12,024
down €12,024 (-77.7%), from €15,467 to €3,443
- Financial charges +€3,351
up €3,351 (+91.6%), from €3,660 to €7,010
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,235 | €44,792 | -€3,443 | -7.1% |
| Fixed assets | 21/28 | €9,000 | €9,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €9,000 | €9,000 | = | 0.0% |
| Land and buildings | 22 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €39,235 | €35,792 | -€3,443 | -8.8% |
| Amounts receivable within one year | 40/41 | €39,235 | €35,792 | -€3,443 | -8.8% |
| Trade receivables | 40 | €34,235 | €30,792 | -€3,443 | -10.1% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €48,235 | €44,792 | -€3,443 | -7.1% |
| Equity | 10/15 | -€116,262 | -€128,799 | -€12,537 | -10.8% |
| 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 | -€136,722 | -€149,259 | -€12,537 | -9.2% |
| Amounts payable | 17/49 | €164,497 | €173,591 | +€9,094 | +5.5% |
| Amounts payable within one year | 42/48 | €163,651 | €173,591 | +€9,940 | +6.1% |
| Financial debts | 43 | €27,748 | €39,359 | +€11,611 | +41.8% |
| Credit institutions | 430/8 | €2,759 | €13,427 | +€10,668 | +386.6% |
| Other loans | 439 | €24,989 | €25,932 | +€943 | +3.8% |
| Trade debts | 44 | €5,893 | €5,893 | = | 0.0% |
| Suppliers | 440/4 | €5,893 | €5,893 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €130,010 | €128,339 | -€1,671 | -1.3% |
| Taxes | 450/3 | €130,010 | €128,339 | -€1,671 | -1.3% |
| Accrued charges and deferred income | 492/3 | €846 | - | -€846 | |
| Other operating charges | 640/8 | €15,467 | €3,443 | -€12,024 | -77.7% |
| Gross operating margin | 9900 | -€50,273 | -€2,084 | +€48,189 | +95.9% |
| Operating profit (loss) | 9901 | -€65,740 | -€5,527 | +€60,213 | +91.6% |
| Financial charges | 65/66B | €3,660 | €7,010 | +€3,351 | +91.6% |
| Recurring financial charges | 65 | €3,660 | €7,010 | +€3,351 | +91.6% |
| Profit (loss) for the period before taxes | 9903 | -€69,399 | -€12,537 | +€56,862 | +81.9% |
| Income taxes | 67/77 | €104,132 | - | -€104,132 | |
| Profit (loss) for the period | 9904 | -€173,531 | -€12,537 | +€160,994 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€173,531 | -€12,537 | +€160,994 | +92.8% |
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 12 October 2026 via checked.be.