URBAN: what changed
Two financial 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.
URBAN
Largest movements
- Cash -€37,299
down €37,299 (-55.4%), from €67,286 to €29,987
mainly Net result for the year (-€44,816) and Debts after one year (-€18,500)
- Tangible fixed assets -€30,809
down €30,809 (-5.9%), from €518,481 to €487,672
of which Land and buildings: -€28,975
- Profit (loss) carried forward -€44,816
down €44,816 (-52.9%), from €84,718 to €39,902
- Debts after one year -€18,500
down €18,500 (-17.1%), from €107,917 to €89,416
- Gross operating margin -€15,654
down €15,654, from €14,153 to -€1,501
- Write-downs -€4,843
new in 2025: -€4,843
- Financial charges -€2,968
down €2,968 (-41.8%), from €7,102 to €4,135
- Other operating charges +€2,220
up €2,220 (+78.2%), from €2,840 to €5,060
- Depreciation +€1,707
up €1,707 (+4.6%), from €36,751 to €38,458
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.
Derived cash bridge
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 | €617,503 | €552,099 | -€65,405 | -10.6% |
| Fixed assets | 21/28 | €518,481 | €487,672 | -€30,809 | -5.9% |
| Tangible fixed assets | 22/27 | €518,481 | €487,672 | -€30,809 | -5.9% |
| Land and buildings | 22 | €508,086 | €479,111 | -€28,975 | -5.7% |
| Plant, machinery and equipment | 23 | €2,325 | €1,682 | -€643 | -27.6% |
| Furniture and vehicles | 24 | €8,070 | €6,878 | -€1,192 | -14.8% |
| Current assets | 29/58 | €99,023 | €64,427 | -€34,595 | -34.9% |
| Amounts receivable within one year | 40/41 | €29,545 | €32,994 | +€3,449 | +11.7% |
| Trade receivables | 40 | €14,215 | €23,315 | +€9,100 | +64.0% |
| Other amounts receivable | 41 | €15,330 | €9,679 | -€5,651 | -36.9% |
| Cash at bank and in hand | 54/58 | €67,286 | €29,987 | -€37,299 | -55.4% |
| Deferred charges and accrued income | 490/1 | €2,192 | €1,446 | -€746 | -34.0% |
| Total equity and liabilities | 10/49 | €617,503 | €552,099 | -€65,405 | -10.6% |
| Equity | 10/15 | €478,202 | €433,386 | -€44,816 | -9.4% |
| Contributions | 10/11 | €123,934 | €123,934 | = | 0.0% |
| Reserves | 13 | €269,550 | €269,550 | = | 0.0% |
| Distributable reserves | 133 | €269,550 | €269,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,718 | €39,902 | -€44,816 | -52.9% |
| Amounts payable | 17/49 | €139,302 | €118,713 | -€20,589 | -14.8% |
| Amounts payable after more than one year | 17 | €107,917 | €89,416 | -€18,500 | -17.1% |
| Financial debts | 170/4 | €107,917 | €89,416 | -€18,500 | -17.1% |
| Amounts payable within one year | 42/48 | €28,167 | €27,102 | -€1,066 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €18,500 | €18,500 | = | 0.0% |
| Trade debts | 44 | €3,677 | €272 | -€3,404 | -92.6% |
| Suppliers | 440/4 | €3,677 | €272 | -€3,404 | -92.6% |
| Taxes, remuneration and social security | 45 | €5,991 | €8,329 | +€2,338 | +39.0% |
| Taxes | 450/3 | €5,991 | €8,329 | +€2,338 | +39.0% |
| Accrued charges and deferred income | 492/3 | €3,218 | €2,195 | -€1,023 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,751 | €38,458 | +€1,707 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,843 | -€4,843 | |
| Other operating charges | 640/8 | €2,840 | €5,060 | +€2,220 | +78.2% |
| Non-recurring operating charges | 66A | €63 | €169 | +€106 | +168% |
| Gross operating margin | 9900 | €14,153 | -€1,501 | -€15,654 | |
| Operating profit (loss) | 9901 | -€25,501 | -€40,345 | -€14,844 | -58.2% |
| Financial income | 75/76B | €995 | €155 | -€840 | -84.4% |
| Recurring financial income | 75 | €995 | €155 | -€840 | -84.4% |
| Financial charges | 65/66B | €7,102 | €4,135 | -€2,968 | -41.8% |
| Recurring financial charges | 65 | €7,102 | €4,135 | -€2,968 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,608 | -€44,324 | -€12,716 | -40.2% |
| Income taxes | 67/77 | €474 | €492 | +€18 | +3.8% |
| Profit (loss) for the period | 9904 | -€32,082 | -€44,816 | -€12,734 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,082 | -€44,816 | -€12,734 | -39.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.