URBAN DEVELOPMENTS: 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 DEVELOPMENTS
Largest movements
- Receivables within one year -€63,983
down €63,983 (-6.0%), from €1.1m to €1.0m
of which Other amounts receivable: -€60,996
- Tangible fixed assets -€20,032
down €20,032 (-10.7%), from €187,188 to €167,157
of which Land and buildings: -€19,106
- Debts after one year -€79,594
down €79,594 (-38.8%), from €205,016 to €125,423
- Other debts +€40,966
up €40,966 (+7.6%), from €538,128 to €579,095
- Trade debts -€30,698
down €30,698 (-30.6%), from €100,274 to €69,576
- Financial income -€25,323
no longer reported in 2025 (was €25,323)
- Gross operating margin +€24,556
up €24,556 (+941%), from €2,610 to €27,166
- Financial charges -€2,341
down €2,341 (-15.3%), from €15,302 to €12,962
- Depreciation +€344
up €344 (+1.6%), from €20,992 to €21,335
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 | €1,533,220 | €1,453,993 | -€79,227 | -5.2% |
| Fixed assets | 21/28 | €466,058 | €446,026 | -€20,032 | -4.3% |
| Tangible fixed assets | 22/27 | €187,188 | €167,157 | -€20,032 | -10.7% |
| Land and buildings | 22 | €181,402 | €162,296 | -€19,106 | -10.5% |
| Furniture and vehicles | 24 | €5,786 | €4,860 | -€926 | -16.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €278,870 | €278,870 | = | 0.0% |
| Current assets | 29/58 | €1,067,162 | €1,007,967 | -€59,195 | -5.5% |
| Amounts receivable within one year | 40/41 | €1,066,107 | €1,002,125 | -€63,983 | -6.0% |
| Trade receivables | 40 | €2,987 | €0 | -€2,987 | -100% |
| Other amounts receivable | 41 | €1,063,121 | €1,002,125 | -€60,996 | -5.7% |
| Cash at bank and in hand | 54/58 | €14 | €4,476 | +€4,462 | +31,488% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,366 | +€326 | +31.3% |
| Total equity and liabilities | 10/49 | €1,533,220 | €1,453,993 | -€79,227 | -5.2% |
| Equity | 10/15 | €606,592 | €599,396 | -€7,196 | -1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €544,592 | €537,396 | -€7,196 | -1.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €538,392 | €531,196 | -€7,196 | -1.3% |
| Amounts payable | 17/49 | €926,628 | €854,597 | -€72,030 | -7.8% |
| Amounts payable after more than one year | 17 | €205,016 | €125,423 | -€79,594 | -38.8% |
| Financial debts | 170/4 | €205,016 | €125,423 | -€79,594 | -38.8% |
| Amounts payable within one year | 42/48 | €721,611 | €729,175 | +€7,563 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €78,052 | €79,594 | +€1,541 | +2.0% |
| Financial debts | 43 | €4,564 | €892 | -€3,671 | -80.4% |
| Credit institutions | 430/8 | €4,564 | €892 | -€3,671 | -80.4% |
| Trade debts | 44 | €100,274 | €69,576 | -€30,698 | -30.6% |
| Suppliers | 440/4 | €100,274 | €69,576 | -€30,698 | -30.6% |
| Taxes, remuneration and social security | 45 | €593 | €18 | -€575 | -96.9% |
| Taxes | 450/3 | €593 | €18 | -€575 | -96.9% |
| Other amounts payable | 47/48 | €538,128 | €579,095 | +€40,966 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,992 | €21,335 | +€344 | +1.6% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +2.9% |
| Gross operating margin | 9900 | €2,610 | €27,166 | +€24,556 | +941% |
| Operating profit (loss) | 9901 | -€18,446 | €5,765 | +€24,211 | |
| Financial income | 75/76B | €25,323 | - | -€25,323 | |
| Recurring financial income | 75 | €25,323 | - | -€25,323 | |
| Financial charges | 65/66B | €15,302 | €12,962 | -€2,341 | -15.3% |
| Recurring financial charges | 65 | €15,302 | €12,962 | -€2,341 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,425 | -€7,196 | +€1,228 | +14.6% |
| Profit (loss) for the period | 9904 | -€8,425 | -€7,196 | +€1,228 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,425 | -€7,196 | +€1,228 | +14.6% |
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 25 October 2026 via checked.be.