URAEUS: what changed
URAEUS
Largest movements
- Tangible fixed assets +€31,436
up €31,436 (+1,110%), from €2,833 to €34,269
of which Furniture and vehicles: +€30,005
- Cash -€12,604
down €12,604 (-70.2%), from €17,957 to €5,352
mainly Investment in fixed assets (net) (-€34,098) and Contributions, distributions and other (-€22,983)
- Receivables within one year -€8,378
down €8,378 (-69.2%), from €12,100 to €3,722
of which Trade receivables: -€11,457
- Financial fixed assets -€2,300
down €2,300 (-13.1%), from €17,500 to €15,200
- Current investments -€942
down €942 (-26.5%), from €3,561 to €2,619
- Current portion of long-term debt +€10,247
new in 2026: €10,247
- Reserves -€9,054
down €9,054 (-39.4%), from €22,983 to €13,930
- Other debts +€6,934
up €6,934 (+35.0%), from €19,812 to €26,745
- Tax, wage and social debts -€6,468
down €6,468 (-70.4%), from €9,192 to €2,723
- Debts after one year +€5,259
new in 2026: €5,259
- Gross operating margin -€17,679
down €17,679 (-39.0%), from €45,328 to €27,649
- Financial charges -€10,119
down €10,119 (-79.6%), from €12,718 to €2,598
- Taxes -€3,648
down €3,648 (-39.9%), from €9,144 to €5,496
- Depreciation +€3,371
up €3,371 (+212%), from €1,591 to €4,963
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,643 | €62,363 | +€7,720 | +14.1% |
| Fixed assets | 21/28 | €20,333 | €49,469 | +€29,136 | +143% |
| Tangible fixed assets | 22/27 | €2,833 | €34,269 | +€31,436 | +1,110% |
| Plant, machinery and equipment | 23 | €803 | €2,234 | +€1,431 | +178% |
| Furniture and vehicles | 24 | €2,030 | €32,035 | +€30,005 | +1,478% |
| Financial fixed assets | 28 | €17,500 | €15,200 | -€2,300 | -13.1% |
| Current assets | 29/58 | €34,310 | €12,894 | -€21,416 | -62.4% |
| Amounts receivable within one year | 40/41 | €12,100 | €3,722 | -€8,378 | -69.2% |
| Trade receivables | 40 | €12,100 | €643 | -€11,457 | -94.7% |
| Other amounts receivable | 41 | €0 | €3,079 | +€3,079 | |
| Current investments | 50/53 | €3,561 | €2,619 | -€942 | -26.5% |
| Cash at bank and in hand | 54/58 | €17,957 | €5,352 | -€12,604 | -70.2% |
| Deferred charges and accrued income | 490/1 | €693 | €1,202 | +€509 | +73.4% |
| Total equity and liabilities | 10/49 | €54,643 | €62,363 | +€7,720 | +14.1% |
| Equity | 10/15 | €24,983 | €15,930 | -€9,054 | -36.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €22,983 | €13,930 | -€9,054 | -39.4% |
| Distributable reserves | 133 | €22,983 | €13,930 | -€9,054 | -39.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,660 | €46,434 | +€16,774 | +56.6% |
| Amounts payable after more than one year | 17 | - | €5,259 | +€5,259 | |
| Financial debts | 170/4 | - | €5,259 | +€5,259 | |
| Amounts payable within one year | 42/48 | €29,050 | €39,910 | +€10,860 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,247 | +€10,247 | |
| Trade debts | 44 | €47 | €194 | +€148 | +317% |
| Suppliers | 440/4 | €47 | €194 | +€148 | +317% |
| Taxes, remuneration and social security | 45 | €9,192 | €2,723 | -€6,468 | -70.4% |
| Taxes | 450/3 | €9,192 | €2,723 | -€6,468 | -70.4% |
| Other amounts payable | 47/48 | €19,812 | €26,745 | +€6,934 | +35.0% |
| Accrued charges and deferred income | 492/3 | €610 | €1,265 | +€655 | +107% |
| Non-recurring operating income | 76A | - | €10,582 | +€10,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,591 | €4,963 | +€3,371 | +212% |
| Other operating charges | 640/8 | €811 | €685 | -€127 | -15.6% |
| Gross operating margin | 9900 | €45,328 | €27,649 | -€17,679 | -39.0% |
| Operating profit (loss) | 9901 | €42,926 | €22,002 | -€20,924 | -48.7% |
| Financial income | 75/76B | €16 | €22 | +€6 | +39.0% |
| Recurring financial income | 75 | €16 | €22 | +€6 | +39.0% |
| Financial charges | 65/66B | €12,718 | €2,598 | -€10,119 | -79.6% |
| Recurring financial charges | 65 | €12,718 | €2,598 | -€10,119 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €30,224 | €19,426 | -€10,798 | -35.7% |
| Income taxes | 67/77 | €9,144 | €5,496 | -€3,648 | -39.9% |
| Profit (loss) for the period | 9904 | €21,079 | €13,930 | -€7,150 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,079 | €13,930 | -€7,150 | -33.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.