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UR GROUP: 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.

What changed

UR GROUP

BE 0700.634.067
NACE 25.530, Machining of metals
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€116,465
2023 · -€52,397+€168,862
Equity
€182,840
2023 · €66,375+€116,465
Cash
€306
2023 · €919-€612
Balance sheet total
€427,239
2023 · €236,500+€190,740

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€135,171

    up €135,171 (+75.0%), from €180,123 to €315,295

    of which Trade receivables: +€109,518

  • Deferred charges and accrued income +€77,775

    new in 2024: €77,775

  • Tangible fixed assets -€12,594

    down €12,594 (-29.7%), from €42,458 to €29,864

    of which Furniture and vehicles: -€12,841

  • Financial fixed assets -€9,000

    down €9,000 (-69.2%), from €13,000 to €4,000

Equity and liabilities
  • Profit (loss) carried forward +€116,465

    up €116,465, from -€52,397 to €64,067

  • Accrued charges and deferred income +€74,081

    up €74,081 (+1386.3%), from €5,344 to €79,425

  • Current portion of long-term debt -€6,837

    down €6,837 (-59.6%), from €11,462 to €4,626

  • Trade debts +€4,891

    up €4,891 (+7.3%), from €67,248 to €72,139

Income statement
  • Gross operating margin +€153,124

    up €153,124 (+233.1%), from €65,693 to €218,817

  • Taxes +€34,685

    new in 2024: €34,685

  • Staff costs -€27,289

    down €27,289 (-43.5%), from €62,732 to €35,443

  • Other operating charges -€20,032

    down €20,032 (-57.2%), from €35,032 to €15,001

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 -€52,397
Gross operating margin +€153,124
Staff costs +€27,289
Depreciation +€1,071
Other operating charges +€20,032
Financial income +€77
Financial charges +€1,954
Taxes -€34,685
Result 2024 €116,465

Cash bridge derived

cash 2023 to 2024

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.

From operations +€131
Investment +€6,094
Financing -€6,837
Cash 2023 €919
Net result for the year +€116,465
Depreciation +€15,500
Receivables within one year -€135,171
Deferred charges and accrued income -€77,775
Trade debts +€4,891
Tax, wage and social debts +€2,140
Accrued charges and deferred income +€74,081
Investment in fixed assets (net) +€6,094
Current portion of long-term debt -€6,837
Cash 2024 €306
Every line side by side 44 lines
Line Code 2023 2024 Change %
Total assets 20/58 €236,500 €427,239 +€190,740 +80.7%
Fixed assets 21/28 €55,458 €33,864 -€21,594 -38.9%
Tangible fixed assets 22/27 €42,458 €29,864 -€12,594 -29.7%
Plant, machinery and equipment 23 €2,478 €2,725 +€247 +10.0%
Furniture and vehicles 24 €39,980 €27,139 -€12,841 -32.1%
Financial fixed assets 28 €13,000 €4,000 -€9,000 -69.2%
Current assets 29/58 €181,042 €393,376 +€212,334 +117.3%
Amounts receivable within one year 40/41 €180,123 €315,295 +€135,171 +75.0%
Trade receivables 40 €61,636 €171,154 +€109,518 +177.7%
Other amounts receivable 41 €118,487 €144,141 +€25,654 +21.7%
Cash at bank and in hand 54/58 €919 €306 -€612 -66.7%
Deferred charges and accrued income 490/1 - €77,775 +€77,775
Total equity and liabilities 10/49 €236,500 €427,239 +€190,740 +80.7%
Equity 10/15 €66,375 €182,840 +€116,465 +175.5%
Contributions 10/11 €100 €100 = 0.0%
Reserves 13 €118,672 €118,672 = 0.0%
Non-distributable reserves 130/1 €10 €10 = 0.0%
Reserves not available under the articles 1311 €10 €10 = 0.0%
Distributable reserves 133 €118,662 €118,662 = 0.0%
Profit (loss) carried forward 14 -€52,397 €64,067 +€116,465
Amounts payable 17/49 €170,125 €244,400 +€74,275 +43.7%
Amounts payable after more than one year 17 €1,946 €1,946 = 0.0%
Financial debts 170/4 €1,946 €1,946 = 0.0%
Amounts payable within one year 42/48 €162,835 €163,029 +€194 +0.1%
Current portion of amounts payable after more than one year 42 €11,462 €4,626 -€6,837 -59.6%
Trade debts 44 €67,248 €72,139 +€4,891 +7.3%
Suppliers 440/4 €67,248 €72,139 +€4,891 +7.3%
Taxes, remuneration and social security 45 €84,125 €86,265 +€2,140 +2.5%
Taxes 450/3 €24,101 €60,558 +€36,457 +151.3%
Remuneration and social security 454/9 €60,024 €25,707 -€34,317 -57.2%
Accrued charges and deferred income 492/3 €5,344 €79,425 +€74,081 +1386.3%
Remuneration, social security and pensions 62 €62,732 €35,443 -€27,289 -43.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €16,571 €15,500 -€1,071 -6.5%
Other operating charges 640/8 €35,032 €15,001 -€20,032 -57.2%
Gross operating margin 9900 €65,693 €218,817 +€153,124 +233.1%
Operating profit (loss) 9901 -€48,642 €152,874 +€201,516
Financial income 75/76B €3 €80 +€77 +2556.7%
Recurring financial income 75 €3 €80 +€77 +2556.7%
Financial charges 65/66B €3,758 €1,804 -€1,954 -52.0%
Recurring financial charges 65 €3,758 €1,804 -€1,954 -52.0%
Profit (loss) for the period before taxes 9903 -€52,397 €151,149 +€203,546
Income taxes 67/77 - €34,685 +€34,685
Profit (loss) for the period 9904 -€52,397 €116,465 +€168,862
Profit (loss) for the period to be appropriated 9905 -€52,397 €116,465 +€168,862

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 29 September 2026 via checked.be.