URBAN DEVELOPMENT SERVICES: 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 DEVELOPMENT SERVICES
Largest movements
- Cash -€105,790
down €105,790 (-85.5%), from €123,744 to €17,954
mainly Contributions, distributions and other (-€142,198) and Investment in fixed assets (net) (-€54,423)
- Tangible fixed assets +€32,902
up €32,902 (+10.6%), from €309,477 to €342,379
of which Furniture and vehicles: +€49,525
- Receivables within one year +€5,295
up €5,295 (+21.3%), from €24,882 to €30,177
of which Other amounts receivable: +€4,854
- Reserves -€36,452
down €36,452 (-20.5%), from €177,765 to €141,313
- Trade debts -€20,761
down €20,761 (-92.2%), from €22,520 to €1,759
- Debts after one year -€15,135
down €15,135 (-10.6%), from €143,260 to €128,125
- Other debts +€13,113
up €13,113 (+18.1%), from €72,309 to €85,422
- Tax, wage and social debts -€8,347
down €8,347 (-44.0%), from €18,969 to €10,622
- Gross operating margin +€43,452
up €43,452 (+35.6%), from €121,886 to €165,338
- Taxes +€11,021
up €11,021 (+57.1%), from €19,318 to €30,339
- Financial charges -€3,967
down €3,967 (-38.1%), from €10,408 to €6,441
- Financial income -€2,603
down €2,603 (-80.2%), from €3,247 to €644
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 | €460,364 | €393,574 | -€66,790 | -14.5% |
| Fixed assets | 21/28 | €309,477 | €342,379 | +€32,902 | +10.6% |
| Tangible fixed assets | 22/27 | €309,477 | €342,379 | +€32,902 | +10.6% |
| Land and buildings | 22 | €302,531 | €285,908 | -€16,623 | -5.5% |
| Furniture and vehicles | 24 | €6,946 | €56,471 | +€49,525 | +713% |
| Current assets | 29/58 | €150,887 | €51,195 | -€99,692 | -66.1% |
| Amounts receivable within one year | 40/41 | €24,882 | €30,177 | +€5,295 | +21.3% |
| Trade receivables | 40 | €24,200 | €24,641 | +€441 | +1.8% |
| Other amounts receivable | 41 | €682 | €5,536 | +€4,854 | +712% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €123,744 | €17,954 | -€105,790 | -85.5% |
| Deferred charges and accrued income | 490/1 | €2,260 | €3,064 | +€804 | +35.5% |
| Total equity and liabilities | 10/49 | €460,364 | €393,574 | -€66,790 | -14.5% |
| Equity | 10/15 | €187,765 | €151,313 | -€36,452 | -19.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €177,765 | €141,313 | -€36,452 | -20.5% |
| Distributable reserves | 133 | €177,765 | €141,313 | -€36,452 | -20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €272,599 | €242,261 | -€30,338 | -11.1% |
| Amounts payable after more than one year | 17 | €143,260 | €128,125 | -€15,135 | -10.6% |
| Financial debts | 170/4 | €143,260 | €128,125 | -€15,135 | -10.6% |
| Amounts payable within one year | 42/48 | €128,289 | €112,939 | -€15,350 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €14,491 | €15,135 | +€645 | +4.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €22,520 | €1,759 | -€20,761 | -92.2% |
| Suppliers | 440/4 | €22,520 | €1,759 | -€20,761 | -92.2% |
| Taxes, remuneration and social security | 45 | €18,969 | €10,622 | -€8,347 | -44.0% |
| Taxes | 450/3 | €18,969 | €10,622 | -€8,347 | -44.0% |
| Other amounts payable | 47/48 | €72,309 | €85,422 | +€13,113 | +18.1% |
| Accrued charges and deferred income | 492/3 | €1,050 | €1,197 | +€147 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,042 | €21,521 | -€521 | -2.4% |
| Other operating charges | 640/8 | €1,474 | €1,570 | +€95 | +6.5% |
| Non-recurring operating charges | 66A | €0 | €366 | +€366 | |
| Gross operating margin | 9900 | €121,886 | €165,338 | +€43,452 | +35.6% |
| Operating profit (loss) | 9901 | €98,370 | €141,881 | +€43,511 | +44.2% |
| Financial income | 75/76B | €3,247 | €644 | -€2,603 | -80.2% |
| Recurring financial income | 75 | €3,247 | €644 | -€2,603 | -80.2% |
| Financial charges | 65/66B | €10,408 | €6,441 | -€3,967 | -38.1% |
| Recurring financial charges | 65 | €10,408 | €6,441 | -€3,967 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €91,210 | €136,085 | +€44,875 | +49.2% |
| Income taxes | 67/77 | €19,318 | €30,339 | +€11,021 | +57.1% |
| Profit (loss) for the period | 9904 | €71,892 | €105,746 | +€33,854 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,892 | €105,746 | +€33,854 | +47.1% |
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 15 October 2026 via checked.be.