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
- Stocks and contracts -€400,332
down €400,332 (-18.0%), from €2.2m to €1.8m
- Debts after one year -€455,979
down €455,979 (-19.5%), from €2.3m to €1.9m
of which Financial debts: -€503,541
- Profit (loss) carried forward +€36,346
up €36,346 (+19.6%), from -€185,527 to -€149,181
- Current portion of long-term debt -€28,934
down €28,934 (-28.9%), from €100,181 to €71,248
- Other debts +€25,000
up €25,000 (+14881.0%), from €168 to €25,168
- Gross operating margin +€85,197
up €85,197 (+174.5%), from €48,828 to €134,026
- Financial charges -€8,517
down €8,517 (-8.4%), from €101,915 to €93,398
- Financial income -€5,022
down €5,022 (-95.9%), from €5,236 to €214
- Other operating charges -€3,378
down €3,378 (-42.9%), from €7,875 to €4,497
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 | €2,289,346 | €1,858,026 | -€431,320 | -18.8% |
| Current assets | 29/58 | €2,289,346 | €1,858,026 | -€431,320 | -18.8% |
| Stocks and contracts in progress | 3 | €2,226,933 | €1,826,602 | -€400,332 | -18.0% |
| Stocks | 30/36 | €2,226,933 | €1,826,602 | -€400,332 | -18.0% |
| Amounts receivable within one year | 40/41 | €37,795 | €27,589 | -€10,206 | -27.0% |
| Trade receivables | 40 | €9,173 | €27,000 | +€17,827 | +194.4% |
| Other amounts receivable | 41 | €28,623 | €589 | -€28,034 | -97.9% |
| Cash at bank and in hand | 54/58 | €23,145 | €2,339 | -€20,806 | -89.9% |
| Deferred charges and accrued income | 490/1 | €1,473 | €1,497 | +€24 | +1.6% |
| Total equity and liabilities | 10/49 | €2,289,346 | €1,858,026 | -€431,320 | -18.8% |
| Equity | 10/15 | -€165,527 | -€129,181 | +€36,346 | +22.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,527 | -€149,181 | +€36,346 | +19.6% |
| Amounts payable | 17/49 | €2,454,873 | €1,987,208 | -€467,666 | -19.1% |
| Amounts payable after more than one year | 17 | €2,335,675 | €1,879,696 | -€455,979 | -19.5% |
| Financial debts | 170/4 | €1,907,335 | €1,403,793 | -€503,541 | -26.4% |
| Other amounts payable | 178/9 | €428,340 | €475,903 | +€47,563 | +11.1% |
| Amounts payable within one year | 42/48 | €109,842 | €97,134 | -€12,708 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €100,181 | €71,248 | -€28,934 | -28.9% |
| Trade debts | 44 | €9,492 | €718 | -€8,774 | -92.4% |
| Suppliers | 440/4 | €9,492 | €718 | -€8,774 | -92.4% |
| Other amounts payable | 47/48 | €168 | €25,168 | +€25,000 | +14881.0% |
| Accrued charges and deferred income | 492/3 | €9,357 | €10,378 | +€1,020 | +10.9% |
| Other operating charges | 640/8 | €7,875 | €4,497 | -€3,378 | -42.9% |
| Gross operating margin | 9900 | €48,828 | €134,026 | +€85,197 | +174.5% |
| Operating profit (loss) | 9901 | €40,954 | €129,529 | +€88,575 | +216.3% |
| Financial income | 75/76B | €5,236 | €214 | -€5,022 | -95.9% |
| Recurring financial income | 75 | €5,236 | €214 | -€5,022 | -95.9% |
| Financial charges | 65/66B | €101,915 | €93,398 | -€8,517 | -8.4% |
| Recurring financial charges | 65 | €101,915 | €93,398 | -€8,517 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€55,724 | €36,346 | +€92,070 | |
| Profit (loss) for the period | 9904 | -€55,724 | €36,346 | +€92,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,724 | €36,346 | +€92,070 |
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 10 October 2026 via checked.be.