UPTEAM: 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.
UPTEAM
Largest movements
- Cash -€16,378
down €16,378 (-8.2%), from €199,015 to €182,637
mainly Contributions, distributions and other (-€162,460) and Other debts (-€15,526)
- Receivables within one year +€9,019
up €9,019 (+23.6%), from €38,210 to €47,228
of which Trade receivables: +€9,043
- Tangible fixed assets -€3,794
down €3,794 (-24.5%), from €15,497 to €11,703
of which Furniture and vehicles: -€2,687
- Other debts -€15,526
down €15,526 (-8.0%), from €194,926 to €179,400
- Tax, wage and social debts +€9,081
up €9,081 (+30.9%), from €29,422 to €38,503
of which Taxes: +€9,081
- Trade debts -€4,596
down €4,596 (-43.3%), from €10,609 to €6,013
- Gross operating margin +€31,473
up €31,473 (+15.8%), from €199,222 to €230,695
- Other operating charges -€17,630
down €17,630 (-86.0%), from €20,495 to €2,865
- Taxes +€15,750
up €15,750 (+38.5%), from €40,904 to €56,655
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.
Derived cash bridge
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 | €258,789 | €247,298 | -€11,491 | -4.4% |
| Fixed assets | 21/28 | €15,497 | €11,703 | -€3,794 | -24.5% |
| Tangible fixed assets | 22/27 | €15,497 | €11,703 | -€3,794 | -24.5% |
| Land and buildings | 22 | €5,418 | €4,311 | -€1,107 | -20.4% |
| Furniture and vehicles | 24 | €10,079 | €7,392 | -€2,687 | -26.7% |
| Current assets | 29/58 | €243,291 | €235,594 | -€7,697 | -3.2% |
| Amounts receivable within one year | 40/41 | €38,210 | €47,228 | +€9,019 | +23.6% |
| Trade receivables | 40 | €38,186 | €47,228 | +€9,043 | +23.7% |
| Other amounts receivable | 41 | €24 | €0 | -€24 | -100% |
| Cash at bank and in hand | 54/58 | €199,015 | €182,637 | -€16,378 | -8.2% |
| Deferred charges and accrued income | 490/1 | €6,067 | €5,729 | -€338 | -5.6% |
| Total equity and liabilities | 10/49 | €258,789 | €247,298 | -€11,491 | -4.4% |
| Equity | 10/15 | €23,381 | €23,381 | = | 0.0% |
| 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 | €2,921 | €2,921 | = | 0.0% |
| Amounts payable | 17/49 | €235,407 | €223,917 | -€11,491 | -4.9% |
| Amounts payable within one year | 42/48 | €234,957 | €223,917 | -€11,041 | -4.7% |
| Trade debts | 44 | €10,609 | €6,013 | -€4,596 | -43.3% |
| Suppliers | 440/4 | €10,609 | €6,013 | -€4,596 | -43.3% |
| Taxes, remuneration and social security | 45 | €29,422 | €38,503 | +€9,081 | +30.9% |
| Taxes | 450/3 | €25,222 | €34,303 | +€9,081 | +36.0% |
| Remuneration and social security | 454/9 | €4,200 | €4,200 | = | 0.0% |
| Other amounts payable | 47/48 | €194,926 | €179,400 | -€15,526 | -8.0% |
| Accrued charges and deferred income | 492/3 | €450 | €0 | -€450 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,663 | €6,231 | +€568 | +10.0% |
| Other operating charges | 640/8 | €20,495 | €2,865 | -€17,630 | -86.0% |
| Non-recurring operating charges | 66A | €4,616 | €0 | -€4,616 | -100% |
| Gross operating margin | 9900 | €199,222 | €230,695 | +€31,473 | +15.8% |
| Operating profit (loss) | 9901 | €168,448 | €221,599 | +€53,150 | +31.6% |
| Financial income | 75/76B | €979 | €492 | -€487 | -49.7% |
| Recurring financial income | 75 | €979 | €492 | -€487 | -49.7% |
| Financial charges | 65/66B | €2,686 | €2,976 | +€289 | +10.8% |
| Recurring financial charges | 65 | €2,686 | €2,976 | +€289 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €166,741 | €219,115 | +€52,374 | +31.4% |
| Income taxes | 67/77 | €40,904 | €56,655 | +€15,750 | +38.5% |
| Profit (loss) for the period | 9904 | €125,836 | €162,460 | +€36,624 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,836 | €162,460 | +€36,624 | +29.1% |
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 21 October 2026 via checked.be.