URBAGEST: what changed
URBAGEST
Largest movements
- Tangible fixed assets -€3,565
down €3,565 (-24.6%), from €14,484 to €10,919
of which Plant, machinery and equipment: -€3,292
- Receivables within one year +€2,210
up €2,210 (+15.1%), from €14,663 to €16,873
of which Trade receivables: +€1,776
- Cash +€921
up €921 (+3,848%), from €24 to €945
mainly Net result for the year (+€12,843) and Depreciation (+€5,617)
- Other debts -€15,716
down €15,716 (-64.7%), from €24,286 to €8,570
- Reserves +€12,843
up €12,843 (+690%), from €1,860 to €14,703
- Tax, wage and social debts +€2,287
new in 2025: €2,287
- Gross operating margin +€18,673
up €18,673 (+975%), from €1,914 to €20,587
- Depreciation +€2,276
up €2,276 (+68.1%), from €3,341 to €5,617
- Taxes +€1,777
new in 2025: €1,777
- Other operating charges -€320
down €320 (-50.7%), from €631 to €311
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 | €29,171 | €28,738 | -€433 | -1.5% |
| Fixed assets | 21/28 | €14,484 | €10,919 | -€3,565 | -24.6% |
| Tangible fixed assets | 22/27 | €14,484 | €10,919 | -€3,565 | -24.6% |
| Plant, machinery and equipment | 23 | €13,220 | €9,928 | -€3,292 | -24.9% |
| Furniture and vehicles | 24 | €1,264 | €991 | -€273 | -21.6% |
| Current assets | 29/58 | €14,687 | €17,818 | +€3,131 | +21.3% |
| Amounts receivable within one year | 40/41 | €14,663 | €16,873 | +€2,210 | +15.1% |
| Trade receivables | 40 | €1,841 | €3,617 | +€1,776 | +96.4% |
| Other amounts receivable | 41 | €12,822 | €13,256 | +€434 | +3.4% |
| Cash at bank and in hand | 54/58 | €24 | €945 | +€921 | +3,848% |
| Total equity and liabilities | 10/49 | €29,171 | €28,738 | -€433 | -1.5% |
| Equity | 10/15 | €3,447 | €16,291 | +€12,843 | +373% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €14,703 | +€12,843 | +690% |
| Distributable reserves | 133 | €1,860 | €14,703 | +€12,843 | +690% |
| Profit (loss) carried forward | 14 | -€4,613 | -€4,613 | = | 0.0% |
| Amounts payable | 17/49 | €25,724 | €12,447 | -€13,277 | -51.6% |
| Amounts payable within one year | 42/48 | €25,724 | €12,447 | -€13,277 | -51.6% |
| Trade debts | 44 | €1,438 | €1,590 | +€152 | +10.6% |
| Suppliers | 440/4 | €1,438 | €1,590 | +€152 | +10.6% |
| Taxes, remuneration and social security | 45 | - | €2,287 | +€2,287 | |
| Taxes | 450/3 | - | €2,287 | +€2,287 | |
| Other amounts payable | 47/48 | €24,286 | €8,570 | -€15,716 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,341 | €5,617 | +€2,276 | +68.1% |
| Other operating charges | 640/8 | €631 | €311 | -€320 | -50.7% |
| Gross operating margin | 9900 | €1,914 | €20,587 | +€18,673 | +975% |
| Operating profit (loss) | 9901 | -€2,058 | €14,659 | +€16,716 | |
| Financial charges | 65/66B | €240 | €38 | -€202 | -84.0% |
| Recurring financial charges | 65 | €240 | €38 | -€202 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,298 | €14,620 | +€16,918 | |
| Income taxes | 67/77 | - | €1,777 | +€1,777 | |
| Profit (loss) for the period | 9904 | -€2,298 | €12,843 | +€15,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,298 | €12,843 | +€15,141 |
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 4 November 2026 via checked.be.