Urbaco: 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.
Urbaco
Largest movements
- Receivables within one year +€15,983
up €15,983 (+79.6%), from €20,072 to €36,055
of which Trade receivables: +€23,404
- Tangible fixed assets -€8,722
down €8,722 (-74.7%), from €11,669 to €2,947
of which Furniture and vehicles: -€5,725
- Cash +€6,242
up €6,242 (+45366.1%), from €14 to €6,256
mainly Net result for the year (+€21,054) and Trade debts (+€13,393)
- Stocks and contracts -€2,333
down €2,333 (-32.3%), from €7,215 to €4,882
- Profit (loss) carried forward +€21,054
up €21,054 (+16.5%), from -€127,828 to -€106,774
- Trade debts +€13,393
up €13,393 (+203.1%), from €6,596 to €19,989
- Other debts -€12,302
down €12,302 (-16.0%), from €76,946 to €64,643
- Accrued charges and deferred income -€7,209
no longer reported in 2025 (was €7,209)
- Tax, wage and social debts -€5,442
down €5,442 (-91.6%), from €5,942 to €500
of which Remuneration and social security: -€4,500
- Gross operating margin +€47,144
up €47,144, from -€15,285 to €31,859
- Depreciation -€1,003
down €1,003 (-10.3%), from €9,725 to €8,722
- Financial charges -€565
down €565 (-24.4%), from €2,319 to €1,754
of which Financial charges: -€992
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,362 | €50,847 | +€11,486 | +29.2% |
| Fixed assets | 21/28 | €11,669 | €2,947 | -€8,722 | -74.7% |
| Tangible fixed assets | 22/27 | €11,669 | €2,947 | -€8,722 | -74.7% |
| Plant, machinery and equipment | 23 | €5,944 | €2,947 | -€2,997 | -50.4% |
| Furniture and vehicles | 24 | €5,725 | - | -€5,725 | |
| Current assets | 29/58 | €27,693 | €47,900 | +€20,208 | +73.0% |
| Stocks and contracts in progress | 3 | €7,215 | €4,882 | -€2,333 | -32.3% |
| Stocks | 30/36 | €7,215 | €4,882 | -€2,333 | -32.3% |
| Amounts receivable within one year | 40/41 | €20,072 | €36,055 | +€15,983 | +79.6% |
| Trade receivables | 40 | €9,597 | €33,002 | +€23,404 | +243.9% |
| Other amounts receivable | 41 | €10,474 | €3,053 | -€7,421 | -70.9% |
| Cash at bank and in hand | 54/58 | €14 | €6,256 | +€6,242 | +45366.1% |
| Deferred charges and accrued income | 490/1 | €392 | €707 | +€315 | +80.3% |
| Total equity and liabilities | 10/49 | €39,362 | €50,847 | +€11,486 | +29.2% |
| Equity | 10/15 | -€64,681 | -€43,627 | +€21,054 | +32.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,147 | €1,147 | = | 0.0% |
| Distributable reserves | 133 | €1,147 | €1,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,828 | -€106,774 | +€21,054 | +16.5% |
| Amounts payable | 17/49 | €104,043 | €94,475 | -€9,568 | -9.2% |
| Amounts payable within one year | 42/48 | €96,834 | €94,475 | -€2,359 | -2.4% |
| Financial debts | 43 | €7,351 | €7,342 | -€9 | -0.1% |
| Credit institutions | 430/8 | €7,351 | €7,342 | -€9 | -0.1% |
| Trade debts | 44 | €6,596 | €19,989 | +€13,393 | +203.1% |
| Suppliers | 440/4 | €6,596 | €19,989 | +€13,393 | +203.1% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €5,942 | €500 | -€5,442 | -91.6% |
| Taxes | 450/3 | €942 | - | -€942 | |
| Remuneration and social security | 454/9 | €5,000 | €500 | -€4,500 | -90.0% |
| Other amounts payable | 47/48 | €76,946 | €64,643 | -€12,302 | -16.0% |
| Accrued charges and deferred income | 492/3 | €7,209 | - | -€7,209 | |
| Remuneration, social security and pensions | 62 | - | €5 | +€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,725 | €8,722 | -€1,003 | -10.3% |
| Other operating charges | 640/8 | €128 | €326 | +€198 | +155.4% |
| Gross operating margin | 9900 | -€15,285 | €31,859 | +€47,144 | |
| Operating profit (loss) | 9901 | -€25,137 | €22,806 | +€47,943 | |
| Financial income | 75/76B | €2 | €3 | +€1 | +46.9% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +46.9% |
| Financial charges | 65/66B | €2,319 | €1,754 | -€565 | -24.4% |
| Recurring financial charges | 65 | €1,936 | €944 | -€992 | -51.2% |
| Non-recurring financial charges | 66B | €383 | €810 | +€427 | +111.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,454 | €21,055 | +€48,509 | |
| Income taxes | 67/77 | €0 | €1 | +€0 | +192.0% |
| Profit (loss) for the period | 9904 | -€27,455 | €21,054 | +€48,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,455 | €21,054 | +€48,509 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.