URB'XL: what changed
What changed
URB'XL
filed annual accounts (NBB)
Net result for the year
€15,230
2024 · €19,569-€4,339
Equity
€553,886
2024 · €558,656-€4,770
Cash
€3,012
2024 · €11,205-€8,193
Balance sheet total
€954,284
2024 · €1.1m-€115,676
Largest movements
Assets
- Receivables within one year -€102,044
down €102,044 (-37.9%), from €269,492 to €167,448
- Tangible fixed assets -€27,039
down €27,039 (-3.5%), from €780,365 to €753,326
- Deferred charges and accrued income +€21,601
up €21,601 (+243%), from €8,897 to €30,498
Equity and liabilities
- Other debts -€78,774
down €78,774 (-79.0%), from €99,714 to €20,939
- Debts after one year -€31,333
down €31,333 (-14.3%), from €219,333 to €188,000
- Reserves -€11,984
down €11,984 (-4.3%), from €277,407 to €265,423
of which Tax-exempt reserves: -€11,984
Income statement
- Gross operating margin -€9,538
down €9,538 (-17.8%), from €53,579 to €44,040
- Financial charges -€2,060
down €2,060 (-32.2%), from €6,393 to €4,334
- Taxes -€1,916
down €1,916 (-16.2%), from €11,819 to €9,902
- Financial income +€784
up €784 (+7.3%), from €10,732 to €11,516
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.
Result 2024
€19,569
Gross operating margin
-€9,538
Other operating charges
+€439
Financial income
+€784
Financial charges
+€2,060
Taxes
+€1,916
Result 2025
€15,230
raises the resultlowers the result
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.
From operations
+€43,140
Investment
€0
Financing
-€51,333
Cash 2024
€11,205
From operations (derived)
+€43,140
Net result for the year
+€15,230
Depreciation
+€27,039
Receivables within one year
+€102,044
Deferred charges and accrued income
-€21,601
Provisions
-€6,174
Trade debts
-€4,089
Tax, wage and social debts
+€9,464
Other debts
-€78,774
Financing
-€51,333
Debts after one year
-€31,333
Contributions, distributions and other
-€20,000
Cash 2025
€3,012
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,069,959 | €954,284 | -€115,676 | -10.8% |
| Fixed assets | 21/28 | €780,365 | €753,326 | -€27,039 | -3.5% |
| Tangible fixed assets | 22/27 | €780,365 | €753,326 | -€27,039 | -3.5% |
| Land and buildings | 22 | €780,365 | €753,326 | -€27,039 | -3.5% |
| Current assets | 29/58 | €289,594 | €200,957 | -€88,637 | -30.6% |
| Amounts receivable within one year | 40/41 | €269,492 | €167,448 | -€102,044 | -37.9% |
| Other amounts receivable | 41 | €269,492 | €167,448 | -€102,044 | -37.9% |
| Cash at bank and in hand | 54/58 | €11,205 | €3,012 | -€8,193 | -73.1% |
| Deferred charges and accrued income | 490/1 | €8,897 | €30,498 | +€21,601 | +243% |
| Total equity and liabilities | 10/49 | €1,069,959 | €954,284 | -€115,676 | -10.8% |
| Equity | 10/15 | €558,656 | €553,886 | -€4,770 | -0.9% |
| Contributions | 10/11 | €281,200 | €281,200 | = | 0.0% |
| Reserves | 13 | €277,407 | €265,423 | -€11,984 | -4.3% |
| Tax-exempt reserves | 132 | €275,547 | €263,563 | -€11,984 | -4.3% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49 | €7,263 | +€7,214 | +14,746% |
| Provisions and deferred taxes | 16 | €141,159 | €134,986 | -€6,174 | -4.4% |
| Deferred taxes | 168 | €141,159 | €134,986 | -€6,174 | -4.4% |
| Amounts payable | 17/49 | €370,144 | €265,412 | -€104,732 | -28.3% |
| Amounts payable after more than one year | 17 | €219,333 | €188,000 | -€31,333 | -14.3% |
| Financial debts | 170/4 | €219,333 | €188,000 | -€31,333 | -14.3% |
| Amounts payable within one year | 42/48 | €150,811 | €77,412 | -€73,398 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €31,333 | €31,333 | = | 0.0% |
| Trade debts | 44 | €7,945 | €3,856 | -€4,089 | -51.5% |
| Suppliers | 440/4 | €7,945 | €3,856 | -€4,089 | -51.5% |
| Taxes, remuneration and social security | 45 | €11,819 | €21,283 | +€9,464 | +80.1% |
| Taxes | 450/3 | €11,819 | €21,283 | +€9,464 | +80.1% |
| Other amounts payable | 47/48 | €99,714 | €20,939 | -€78,774 | -79.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,039 | €27,039 | = | 0.0% |
| Other operating charges | 640/8 | €5,664 | €5,225 | -€439 | -7.7% |
| Gross operating margin | 9900 | €53,579 | €44,040 | -€9,538 | -17.8% |
| Operating profit (loss) | 9901 | €20,875 | €11,776 | -€9,099 | -43.6% |
| Financial income | 75/76B | €10,732 | €11,516 | +€784 | +7.3% |
| Recurring financial income | 75 | €10,732 | €11,516 | +€784 | +7.3% |
| Financial charges | 65/66B | €6,393 | €4,334 | -€2,060 | -32.2% |
| Recurring financial charges | 65 | €6,393 | €4,334 | -€2,060 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €25,214 | €18,958 | -€6,255 | -24.8% |
| Transfer from deferred taxes | 780 | €6,174 | €6,174 | = | 0.0% |
| Income taxes | 67/77 | €11,819 | €9,902 | -€1,916 | -16.2% |
| Profit (loss) for the period | 9904 | €19,569 | €15,230 | -€4,339 | -22.2% |
| Transfer from tax-exempt reserves | 789 | €11,984 | €11,984 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,553 | €27,214 | -€4,339 | -13.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.