UPTONE: 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.
UPTONE
Largest movements
- Receivables within one year +€271,355
up €271,355 (+133.2%), from €203,766 to €475,121
of which Trade receivables: +€268,641
- Tangible fixed assets -€22,772
down €22,772 (-23.9%), from €95,133 to €72,362
of which Furniture and vehicles: -€18,237
- Stocks and contracts +€13,207
up €13,207 (+35.2%), from €37,505 to €50,712
- Trade debts +€217,966
up €217,966 (+187.5%), from €116,259 to €334,224
- Profit (loss) carried forward +€69,173
up €69,173 (+31.6%), from -€218,911 to -€149,738
- Debts after one year -€32,449
down €32,449 (-27.7%), from €116,933 to €84,484
- Tax, wage and social debts +€14,452
up €14,452 (+42.8%), from €33,735 to €48,187
of which Taxes: +€29,601
- Other debts -€10,245
down €10,245 (-82.5%), from €12,422 to €2,177
- Staff costs -€92,567
down €92,567 (-48.8%), from €189,697 to €97,130
- Gross operating margin +€51,068
up €51,068 (+31.2%), from €163,565 to €214,633
- Depreciation +€8,914
up €8,914 (+43.7%), from €20,387 to €29,301
- Financial charges +€8,068
up €8,068 (+108.2%), from €7,455 to €15,523
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 | €440,987 | €704,652 | +€263,665 | +59.8% |
| Fixed assets | 21/28 | €111,241 | €83,544 | -€27,697 | -24.9% |
| Intangible fixed assets | 21 | €16,107 | €11,182 | -€4,925 | -30.6% |
| Tangible fixed assets | 22/27 | €95,133 | €72,362 | -€22,772 | -23.9% |
| Plant, machinery and equipment | 23 | €8,404 | €5,944 | -€2,460 | -29.3% |
| Furniture and vehicles | 24 | €67,788 | €49,551 | -€18,237 | -26.9% |
| Other tangible fixed assets | 26 | €18,942 | €16,867 | -€2,074 | -11.0% |
| Current assets | 29/58 | €329,746 | €621,108 | +€291,361 | +88.4% |
| Stocks and contracts in progress | 3 | €37,505 | €50,712 | +€13,207 | +35.2% |
| Stocks | 30/36 | €37,505 | €50,712 | +€13,207 | +35.2% |
| Amounts receivable within one year | 40/41 | €203,766 | €475,121 | +€271,355 | +133.2% |
| Trade receivables | 40 | €200,501 | €469,142 | +€268,641 | +134.0% |
| Other amounts receivable | 41 | €3,265 | €5,979 | +€2,714 | +83.1% |
| Current investments | 50/53 | €12,826 | €12,880 | +€54 | +0.4% |
| Cash at bank and in hand | 54/58 | €75,640 | €82,065 | +€6,426 | +8.5% |
| Deferred charges and accrued income | 490/1 | €10 | €330 | +€320 | +3234.9% |
| Total equity and liabilities | 10/49 | €440,987 | €704,652 | +€263,665 | +59.8% |
| Equity | 10/15 | -€20,311 | €48,862 | +€69,173 | |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,911 | -€149,738 | +€69,173 | +31.6% |
| Amounts payable | 17/49 | €461,298 | €655,790 | +€194,492 | +42.2% |
| Amounts payable after more than one year | 17 | €116,933 | €84,484 | -€32,449 | -27.7% |
| Financial debts | 170/4 | €116,933 | €84,484 | -€32,449 | -27.7% |
| Amounts payable within one year | 42/48 | €343,909 | €570,753 | +€226,844 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €31,494 | €32,534 | +€1,041 | +3.3% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €116,259 | €334,224 | +€217,966 | +187.5% |
| Suppliers | 440/4 | €116,259 | €334,224 | +€217,966 | +187.5% |
| Advances received on contracts in progress | 46 | €0 | €3,630 | +€3,630 | |
| Taxes, remuneration and social security | 45 | €33,735 | €48,187 | +€14,452 | +42.8% |
| Taxes | 450/3 | €12,528 | €42,128 | +€29,601 | +236.3% |
| Remuneration and social security | 454/9 | €21,207 | €6,059 | -€15,148 | -71.4% |
| Other amounts payable | 47/48 | €12,422 | €2,177 | -€10,245 | -82.5% |
| Accrued charges and deferred income | 492/3 | €456 | €554 | +€97 | +21.3% |
| Remuneration, social security and pensions | 62 | €189,697 | €97,130 | -€92,567 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,387 | €29,301 | +€8,914 | +43.7% |
| Other operating charges | 640/8 | €4,260 | €3,679 | -€581 | -13.6% |
| Gross operating margin | 9900 | €163,565 | €214,633 | +€51,068 | +31.2% |
| Operating profit (loss) | 9901 | -€50,778 | €84,523 | +€135,301 | |
| Financial income | 75/76B | €82 | €273 | +€192 | +234.1% |
| Recurring financial income | 75 | €82 | €273 | +€192 | +234.1% |
| Financial charges | 65/66B | €7,455 | €15,523 | +€8,068 | +108.2% |
| Recurring financial charges | 65 | €7,455 | €15,523 | +€8,068 | +108.2% |
| Profit (loss) for the period before taxes | 9903 | -€58,152 | €69,273 | +€127,425 | |
| Income taxes | 67/77 | €0 | €100 | +€100 | |
| Profit (loss) for the period | 9904 | -€58,152 | €69,173 | +€127,324 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,152 | €69,173 | +€127,324 |
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 8 October 2026 via checked.be.