URBAN_CIRCLE: 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.
URBAN_CIRCLE
Largest movements
- Cash +€25,545
up €25,545 (+23.2%), from €109,984 to €135,529
mainly Net result for the year (+€36,089) and Current portion of long-term debt (+€3,364)
- Receivables within one year +€7,155
up €7,155 (+126.6%), from €5,653 to €12,808
- Reserves +€36,089
up €36,089 (+38.8%), from €92,954 to €129,043
- Tax, wage and social debts -€8,657
down €8,657 (-43.5%), from €19,905 to €11,248
- Current portion of long-term debt +€3,364
new in 2025: €3,364
- Other debts +€1,699
up €1,699 (+809.4%), from €210 to €1,909
- Gross operating margin -€6,663
down €6,663 (-11.7%), from €57,194 to €50,531
- Taxes -€1,985
down €1,985 (-12.4%), from €15,981 to €13,996
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 | €116,339 | €148,565 | +€32,226 | +27.7% |
| Fixed assets | 21/28 | €478 | - | -€478 | |
| Tangible fixed assets | 22/27 | €478 | - | -€478 | |
| Furniture and vehicles | 24 | €478 | - | -€478 | |
| Current assets | 29/58 | €115,861 | €148,565 | +€32,704 | +28.2% |
| Amounts receivable within one year | 40/41 | €5,653 | €12,808 | +€7,155 | +126.6% |
| Trade receivables | 40 | €5,653 | €12,808 | +€7,155 | +126.6% |
| Cash at bank and in hand | 54/58 | €109,984 | €135,529 | +€25,545 | +23.2% |
| Deferred charges and accrued income | 490/1 | €223 | €227 | +€4 | +1.9% |
| Total equity and liabilities | 10/49 | €116,339 | €148,565 | +€32,226 | +27.7% |
| Equity | 10/15 | €95,954 | €132,043 | +€36,089 | +37.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,954 | €129,043 | +€36,089 | +38.8% |
| Distributable reserves | 133 | €92,954 | €129,043 | +€36,089 | +38.8% |
| Amounts payable | 17/49 | €20,384 | €16,521 | -€3,863 | -19.0% |
| Amounts payable within one year | 42/48 | €20,384 | €16,521 | -€3,863 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,364 | +€3,364 | |
| Trade debts | 44 | €269 | - | -€269 | |
| Suppliers | 440/4 | €269 | - | -€269 | |
| Taxes, remuneration and social security | 45 | €19,905 | €11,248 | -€8,657 | -43.5% |
| Taxes | 450/3 | €19,905 | €11,248 | -€8,657 | -43.5% |
| Other amounts payable | 47/48 | €210 | €1,909 | +€1,699 | +809.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482 | €478 | -€4 | -0.8% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €57,194 | €50,531 | -€6,663 | -11.7% |
| Operating profit (loss) | 9901 | €56,712 | €49,653 | -€7,059 | -12.4% |
| Financial income | 75/76B | €437 | €605 | +€168 | +38.5% |
| Recurring financial income | 75 | €437 | €605 | +€168 | +38.5% |
| Financial charges | 65/66B | €39 | €173 | +€134 | +343.9% |
| Recurring financial charges | 65 | €39 | €173 | +€134 | +343.9% |
| Profit (loss) for the period before taxes | 9903 | €57,110 | €50,085 | -€7,025 | -12.3% |
| Income taxes | 67/77 | €15,981 | €13,996 | -€1,985 | -12.4% |
| Profit (loss) for the period | 9904 | €41,129 | €36,089 | -€5,040 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,129 | €36,089 | -€5,040 | -12.3% |
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 6 October 2026 via checked.be.