Urbain Holding: what changed
Urbain Holding
Largest movements
- Receivables within one year +€54,891
up €54,891 (+397%), from €13,821 to €68,712
of which Trade receivables: +€29,649
- Current investments +€26,000
up €26,000 (+211%), from €12,325 to €38,325
- Tangible fixed assets +€25,985
up €25,985 (+3,357%), from €774 to €26,759
of which Other tangible fixed assets: +€15,903
- Cash +€3,348
up €3,348 (+6.9%), from €48,386 to €51,734
mainly Net result for the year (+€95,660) and Tax, wage and social debts (+€24,482)
- Reserves +€83,253
up €83,253 (+285%), from €29,224 to €112,477
- Tax, wage and social debts +€24,482
up €24,482 (+263%), from €9,296 to €33,778
of which Taxes: +€21,298
- Other debts +€6,190
up €6,190 (+23.8%), from €26,033 to €32,223
- Trade debts -€3,700
down €3,700 (-92.3%), from €4,008 to €308
- Gross operating margin +€90,574
up €90,574 (+176%), from €51,526 to €142,100
- Taxes +€17,629
up €17,629 (+132%), from €13,397 to €31,025
- Staff costs +€8,429
up €8,429 (+291%), from €2,898 to €11,327
- Depreciation +€1,587
up €1,587 (+305%), from €520 to €2,107
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 | €75,322 | €185,547 | +€110,225 | +146% |
| Fixed assets | 21/28 | €774 | €26,759 | +€25,985 | +3,357% |
| Tangible fixed assets | 22/27 | €774 | €26,759 | +€25,985 | +3,357% |
| Plant, machinery and equipment | 23 | €774 | €254 | -€520 | -67.2% |
| Furniture and vehicles | 24 | - | €10,602 | +€10,602 | |
| Other tangible fixed assets | 26 | - | €15,903 | +€15,903 | |
| Current assets | 29/58 | €74,548 | €158,787 | +€84,239 | +113% |
| Amounts receivable within one year | 40/41 | €13,821 | €68,712 | +€54,891 | +397% |
| Trade receivables | 40 | €8,551 | €38,200 | +€29,649 | +347% |
| Other amounts receivable | 41 | €5,269 | €30,511 | +€25,242 | +479% |
| Current investments | 50/53 | €12,325 | €38,325 | +€26,000 | +211% |
| Cash at bank and in hand | 54/58 | €48,386 | €51,734 | +€3,348 | +6.9% |
| Deferred charges and accrued income | 490/1 | €17 | €17 | = | 0.0% |
| Total equity and liabilities | 10/49 | €75,322 | €185,547 | +€110,225 | +146% |
| Equity | 10/15 | €35,724 | €118,977 | +€83,253 | +233% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €29,224 | €112,477 | +€83,253 | +285% |
| Distributable reserves | 133 | €29,224 | €112,477 | +€83,253 | +285% |
| Amounts payable | 17/49 | €39,598 | €66,570 | +€26,972 | +68.1% |
| Amounts payable within one year | 42/48 | €39,337 | €66,309 | +€26,972 | +68.6% |
| Trade debts | 44 | €4,008 | €308 | -€3,700 | -92.3% |
| Suppliers | 440/4 | €4,008 | €308 | -€3,700 | -92.3% |
| Taxes, remuneration and social security | 45 | €9,296 | €33,778 | +€24,482 | +263% |
| Taxes | 450/3 | €8,439 | €29,737 | +€21,298 | +252% |
| Remuneration and social security | 454/9 | €857 | €4,042 | +€3,185 | +371% |
| Other amounts payable | 47/48 | €26,033 | €32,223 | +€6,190 | +23.8% |
| Accrued charges and deferred income | 492/3 | €261 | €261 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €2,898 | €11,327 | +€8,429 | +291% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €2,107 | +€1,587 | +305% |
| Other operating charges | 640/8 | €805 | €1,859 | +€1,054 | +131% |
| Gross operating margin | 9900 | €51,526 | €142,100 | +€90,574 | +176% |
| Operating profit (loss) | 9901 | €47,304 | €126,807 | +€79,503 | +168% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1,076% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1,076% |
| Financial charges | 65/66B | €34 | €123 | +€90 | +266% |
| Recurring financial charges | 65 | €34 | €123 | +€90 | +266% |
| Profit (loss) for the period before taxes | 9903 | €47,270 | €126,686 | +€79,415 | +168% |
| Income taxes | 67/77 | €13,397 | €31,025 | +€17,629 | +132% |
| Profit (loss) for the period | 9904 | €33,874 | €95,660 | +€61,786 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €33,874 | €95,660 | +€61,786 | +182% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.