UPSYS: 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.
UPSYS
Largest movements
- Tangible fixed assets +€7,709
up €7,709 (+12.9%), from €59,804 to €67,513
of which Furniture and vehicles: +€8,539
- Receivables within one year -€3,710
down €3,710 (-23.3%), from €15,907 to €12,197
- Cash -€1,986
down €1,986 (-4.3%), from €46,327 to €44,340
mainly Investment in fixed assets (net) (-€28,135) and Other debts (-€8,464)
- Reserves +€14,545
up €14,545 (+69.0%), from €21,087 to €35,632
of which Distributable reserves: +€14,545
- Other debts -€8,464
down €8,464 (-21.6%), from €39,271 to €30,807
- Debts after one year -€4,000
down €4,000 (-32.4%), from €12,365 to €8,365
- Gross operating margin +€9,556
up €9,556 (+27.2%), from €35,116 to €44,672
- Depreciation +€4,319
up €4,319 (+26.8%), from €16,107 to €20,426
- Taxes +€1,076
up €1,076 (+17.8%), from €6,036 to €7,113
- Other operating charges -€785
no longer reported in 2024 (was €785)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,093 | €124,050 | +€1,957 | +1.6% |
| Fixed assets | 21/28 | €59,804 | €67,513 | +€7,709 | +12.9% |
| Tangible fixed assets | 22/27 | €59,804 | €67,513 | +€7,709 | +12.9% |
| Land and buildings | 22 | €3,108 | €2,376 | -€732 | -23.6% |
| Plant, machinery and equipment | 23 | €922 | €824 | -€98 | -10.6% |
| Furniture and vehicles | 24 | €55,774 | €64,314 | +€8,539 | +15.3% |
| Current assets | 29/58 | €62,289 | €56,537 | -€5,752 | -9.2% |
| Amounts receivable within one year | 40/41 | €15,907 | €12,197 | -€3,710 | -23.3% |
| Trade receivables | 40 | €15,907 | €12,197 | -€3,710 | -23.3% |
| Cash at bank and in hand | 54/58 | €46,327 | €44,340 | -€1,986 | -4.3% |
| Deferred charges and accrued income | 490/1 | €56 | - | -€56 | |
| Total equity and liabilities | 10/49 | €122,093 | €124,050 | +€1,957 | +1.6% |
| Equity | 10/15 | €57,401 | €71,946 | +€14,545 | +25.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,087 | €35,632 | +€14,545 | +69.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,227 | €33,772 | +€14,545 | +75.6% |
| Profit (loss) carried forward | 14 | €23,914 | €23,914 | = | 0.0% |
| Amounts payable | 17/49 | €64,692 | €52,104 | -€12,588 | -19.5% |
| Amounts payable after more than one year | 17 | €12,365 | €8,365 | -€4,000 | -32.4% |
| Financial debts | 170/4 | €12,365 | €8,365 | -€4,000 | -32.4% |
| Amounts payable within one year | 42/48 | €52,327 | €43,739 | -€8,588 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €3,827 | €4,000 | +€173 | +4.5% |
| Trade debts | 44 | €3,865 | €2,969 | -€896 | -23.2% |
| Suppliers | 440/4 | €3,865 | €2,969 | -€896 | -23.2% |
| Taxes, remuneration and social security | 45 | €5,365 | €5,964 | +€599 | +11.2% |
| Taxes | 450/3 | €5,365 | €5,964 | +€599 | +11.2% |
| Other amounts payable | 47/48 | €39,271 | €30,807 | -€8,464 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,107 | €20,426 | +€4,319 | +26.8% |
| Other operating charges | 640/8 | €785 | - | -€785 | |
| Gross operating margin | 9900 | €35,116 | €44,672 | +€9,556 | +27.2% |
| Operating profit (loss) | 9901 | €18,224 | €24,246 | +€6,022 | +33.0% |
| Financial charges | 65/66B | €2,961 | €2,589 | -€372 | -12.6% |
| Recurring financial charges | 65 | €2,961 | €2,589 | -€372 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €15,263 | €21,658 | +€6,394 | +41.9% |
| Income taxes | 67/77 | €6,036 | €7,113 | +€1,076 | +17.8% |
| Profit (loss) for the period | 9904 | €9,227 | €14,545 | +€5,318 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,227 | €14,545 | +€5,318 | +57.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.