UPTIMISE: 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.
UPTIMISE
Largest movements
- Receivables within one year -€347,529
down €347,529 (-24.5%), from €1.4m to €1.1m
of which Other amounts receivable: -€190,861
- Tangible fixed assets -€292,961
down €292,961 (-25.5%), from €1.1m to €856,388
of which Plant, machinery and equipment: -€172,184
- Cash -€167,681
down €167,681 (-88.1%), from €190,359 to €22,678
- Receivables after one year -€135,659
no longer reported in 2025 (was €135,659)
- Stocks and contracts +€55,155
up €55,155 (+17.8%), from €310,392 to €365,546
- Reserves -€712,703
down €712,703 (-53.4%), from €1.3m to €622,689
of which Distributable reserves: -€712,703
- Other debts +€238,934
new in 2025: €238,934
- Trade debts -€175,853
down €175,853 (-45.9%), from €383,309 to €207,455
- Debts after one year -€174,854
down €174,854 (-20.1%), from €871,663 to €696,809
- Short-term financial debts -€127,414
down €127,414 (-42.1%), from €302,414 to €175,000
of which Credit institutions: -€127,414
- Gross operating margin +€654,257
up €654,257 (+55.8%), from €1.2m to €1.8m
- Staff costs +€649,400
up €649,400 (+56.7%), from €1.1m to €1.8m
- Depreciation +€158,284
up €158,284 (+73.4%), from €215,531 to €373,814
- Other operating charges +€66,735
up €66,735 (+198.7%), from €33,584 to €100,319
- Financial charges +€28,693
up €28,693 (+58.6%), from €48,962 to €77,655
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,259,789 | €2,335,582 | -€924,207 | -28.4% |
| Fixed assets | 21/28 | €1,166,559 | €870,279 | -€296,279 | -25.4% |
| Intangible fixed assets | 21 | €17,159 | €13,891 | -€3,268 | -19.0% |
| Tangible fixed assets | 22/27 | €1,149,350 | €856,388 | -€292,961 | -25.5% |
| Land and buildings | 22 | €498,594 | €430,954 | -€67,640 | -13.6% |
| Plant, machinery and equipment | 23 | €400,697 | €228,513 | -€172,184 | -43.0% |
| Furniture and vehicles | 24 | €10,615 | €13,865 | +€3,250 | +30.6% |
| Leasing and similar rights | 25 | €136,560 | €77,760 | -€58,800 | -43.1% |
| Other tangible fixed assets | 26 | €102,884 | €105,297 | +€2,413 | +2.3% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €2,093,230 | €1,465,302 | -€627,928 | -30.0% |
| Amounts receivable after more than one year | 29 | €135,659 | - | -€135,659 | |
| Other amounts receivable | 291 | €135,659 | - | -€135,659 | |
| Stocks and contracts in progress | 3 | €310,392 | €365,546 | +€55,155 | +17.8% |
| Stocks | 30/36 | €310,392 | €365,546 | +€55,155 | +17.8% |
| Amounts receivable within one year | 40/41 | €1,417,202 | €1,069,673 | -€347,529 | -24.5% |
| Trade receivables | 40 | €1,027,890 | €871,222 | -€156,668 | -15.2% |
| Other amounts receivable | 41 | €389,312 | €198,451 | -€190,861 | -49.0% |
| Cash at bank and in hand | 54/58 | €190,359 | €22,678 | -€167,681 | -88.1% |
| Deferred charges and accrued income | 490/1 | €39,618 | €7,405 | -€32,213 | -81.3% |
| Total equity and liabilities | 10/49 | €3,259,789 | €2,335,582 | -€924,207 | -28.4% |
| Equity | 10/15 | €1,396,892 | €684,189 | -€712,703 | -51.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,335,392 | €622,689 | -€712,703 | -53.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,329,242 | €616,539 | -€712,703 | -53.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,862,897 | €1,651,393 | -€211,503 | -11.4% |
| Amounts payable after more than one year | 17 | €871,663 | €696,809 | -€174,854 | -20.1% |
| Financial debts | 170/4 | €871,663 | €696,809 | -€174,854 | -20.1% |
| Amounts payable within one year | 42/48 | €989,377 | €954,584 | -€34,793 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €189,239 | €238,823 | +€49,584 | +26.2% |
| Financial debts | 43 | €302,414 | €175,000 | -€127,414 | -42.1% |
| Credit institutions | 430/8 | €302,414 | €175,000 | -€127,414 | -42.1% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €383,309 | €207,455 | -€175,853 | -45.9% |
| Suppliers | 440/4 | €383,309 | €207,455 | -€175,853 | -45.9% |
| Taxes, remuneration and social security | 45 | €114,415 | €94,372 | -€20,044 | -17.5% |
| Taxes | 450/3 | €1,678 | €22,488 | +€20,811 | +1240.3% |
| Remuneration and social security | 454/9 | €112,738 | €71,883 | -€40,854 | -36.2% |
| Other amounts payable | 47/48 | - | €238,934 | +€238,934 | |
| Accrued charges and deferred income | 492/3 | €1,857 | €0 | -€1,857 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,145,153 | €1,794,553 | +€649,400 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,531 | €373,814 | +€158,284 | +73.4% |
| Other operating charges | 640/8 | €33,584 | €100,319 | +€66,735 | +198.7% |
| Gross operating margin | 9900 | €1,172,598 | €1,826,855 | +€654,257 | +55.8% |
| Operating profit (loss) | 9901 | -€221,669 | -€441,831 | -€220,162 | -99.3% |
| Financial income | 75/76B | €12,755 | €8,858 | -€3,897 | -30.6% |
| Recurring financial income | 75 | €12,755 | €8,858 | -€3,897 | -30.6% |
| Financial charges | 65/66B | €48,962 | €77,655 | +€28,693 | +58.6% |
| Recurring financial charges | 65 | €48,962 | €77,655 | +€28,693 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | -€257,876 | -€510,628 | -€252,753 | -98.0% |
| Income taxes | 67/77 | €2,369 | €2,075 | -€294 | -12.4% |
| Profit (loss) for the period | 9904 | -€260,245 | -€512,703 | -€252,459 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€260,245 | -€512,703 | -€252,459 | -97.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.