UPWISE: what changed
UPWISE
Largest movements
- Cash -€40,750
down €40,750 (-63.3%), from €64,338 to €23,588
mainly Other debts (-€21,349) and Investment in fixed assets (net) (-€19,987)
- Tangible fixed assets +€5,285
up €5,285 (+4.8%), from €110,269 to €115,554
of which Furniture and vehicles: +€8,105
- Receivables within one year -€3,391
down €3,391 (-9.6%), from €35,373 to €31,982
of which Other amounts receivable: -€9,316
- Other debts -€21,349
no longer reported in 2025 (was €21,349)
- Debts after one year -€10,799
down €10,799 (-24.2%), from €44,532 to €33,733
- Trade debts -€5,205
down €5,205 (-51.9%), from €10,031 to €4,826
- Tax, wage and social debts -€3,414
down €3,414 (-61.3%), from €5,574 to €2,160
of which Remuneration and social security: -€2,274
- Gross operating margin +€4,393
up €4,393 (+23.4%), from €18,737 to €23,130
- Depreciation +€3,688
up €3,688 (+33.5%), from €11,014 to €14,702
- Financial charges -€691
down €691 (-14.9%), from €4,648 to €3,957
- Taxes -€515
down €515 (-20.7%), from €2,487 to €1,972
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,046 | €175,609 | -€38,437 | -18.0% |
| Fixed assets | 21/28 | €110,269 | €115,554 | +€5,285 | +4.8% |
| Tangible fixed assets | 22/27 | €110,269 | €115,554 | +€5,285 | +4.8% |
| Land and buildings | 22 | €94,911 | €86,249 | -€8,662 | -9.1% |
| Plant, machinery and equipment | 23 | €5,841 | €11,683 | +€5,842 | +100% |
| Furniture and vehicles | 24 | €9,517 | €17,622 | +€8,105 | +85.2% |
| Current assets | 29/58 | €103,777 | €60,055 | -€43,722 | -42.1% |
| Amounts receivable within one year | 40/41 | €35,373 | €31,982 | -€3,391 | -9.6% |
| Trade receivables | 40 | €16,093 | €22,018 | +€5,925 | +36.8% |
| Other amounts receivable | 41 | €19,280 | €9,964 | -€9,316 | -48.3% |
| Cash at bank and in hand | 54/58 | €64,338 | €23,588 | -€40,750 | -63.3% |
| Deferred charges and accrued income | 490/1 | €4,066 | €4,485 | +€419 | +10.3% |
| Total equity and liabilities | 10/49 | €214,046 | €175,609 | -€38,437 | -18.0% |
| Equity | 10/15 | €121,952 | €123,820 | +€1,868 | +1.5% |
| Contributions | 10/11 | €10,860 | €10,860 | = | 0.0% |
| Reserves | 13 | €111,092 | €112,960 | +€1,868 | +1.7% |
| Distributable reserves | 133 | €111,092 | €112,960 | +€1,868 | +1.7% |
| Amounts payable | 17/49 | €92,094 | €51,788 | -€40,305 | -43.8% |
| Amounts payable after more than one year | 17 | €44,532 | €33,733 | -€10,799 | -24.2% |
| Financial debts | 170/4 | €44,532 | €33,733 | -€10,799 | -24.2% |
| Amounts payable within one year | 42/48 | €47,537 | €17,784 | -€29,752 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €10,583 | €10,799 | +€216 | +2.0% |
| Trade debts | 44 | €10,031 | €4,826 | -€5,205 | -51.9% |
| Suppliers | 440/4 | €10,031 | €4,826 | -€5,205 | -51.9% |
| Taxes, remuneration and social security | 45 | €5,574 | €2,160 | -€3,414 | -61.3% |
| Taxes | 450/3 | €3,300 | €2,160 | -€1,140 | -34.6% |
| Remuneration and social security | 454/9 | €2,274 | - | -€2,274 | |
| Other amounts payable | 47/48 | €21,349 | - | -€21,349 | |
| Accrued charges and deferred income | 492/3 | €25 | €271 | +€246 | +978% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,014 | €14,702 | +€3,688 | +33.5% |
| Other operating charges | 640/8 | €867 | €837 | -€29 | -3.4% |
| Gross operating margin | 9900 | €18,737 | €23,130 | +€4,393 | +23.4% |
| Operating profit (loss) | 9901 | €6,857 | €7,591 | +€734 | +10.7% |
| Financial income | 75/76B | €429 | €207 | -€223 | -51.8% |
| Recurring financial income | 75 | €429 | €207 | -€223 | -51.8% |
| Financial charges | 65/66B | €4,648 | €3,957 | -€691 | -14.9% |
| Recurring financial charges | 65 | €4,648 | €3,957 | -€691 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €2,638 | €3,840 | +€1,202 | +45.6% |
| Income taxes | 67/77 | €2,487 | €1,972 | -€515 | -20.7% |
| Profit (loss) for the period | 9904 | €152 | €1,868 | +€1,717 | +1,133% |
| Profit (loss) for the period to be appropriated | 9905 | €152 | €1,868 | +€1,717 | +1,133% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.