URBAN HERITAGE: what changed
What changed
URBAN HERITAGE
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€4,326
2024 · -€32,770+€28,444
Equity
€73,664
2024 · €49,983+€23,681
Cash
€86,557
2024 · €181,503-€94,946
Balance sheet total
€1.1m
2024 · €1.2m-€132,394
Largest movements
Assets
- Stocks and contracts -€148,040
down €148,040 (-14.8%), from €998,429 to €850,388
- Tangible fixed assets +€107,187
up €107,187 (+9,693%), from €1,106 to €108,293
of which Land and buildings: +€107,741
- Cash -€94,946
down €94,946 (-52.3%), from €181,503 to €86,557
mainly Short-term financial debts (-€664,241) and Investment in fixed assets (net) (-€110,301)
Equity and liabilities
- Short-term financial debts -€664,241
down €664,241 (-79.5%), from €835,000 to €170,759
- Debts after one year +€352,227
up €352,227 (+170%), from €206,675 to €558,902
of which Financial debts: +€352,227
- Other debts +€168,769
up €168,769 (+3,488%), from €4,839 to €173,608
- Investment grants +€28,007
up €28,007 (+50.7%), from €55,268 to €83,276
Income statement
- Financial income +€35,148
up €35,148 (+297%), from €11,846 to €46,994
- Financial charges +€20,671
up €20,671 (+199%), from €10,364 to €31,035
- Other operating charges -€4,043
down €4,043 (-46.9%), from €8,617 to €4,574
- Depreciation +€2,560
up €2,560 (+131%), from €1,950 to €4,510
- Gross operating margin +€727
up €727 (+2.6%), from -€27,592 to -€26,865
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€32,770
Gross operating margin
+€727
Depreciation
-€2,560
Other operating charges
+€4,043
Financial income
+€35,148
Financial charges
-€20,671
Deferred taxes and other
+€11,756
Result 2025
-€4,326
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€299,283
Investment
-€110,301
Financing
-€283,929
Cash 2024
€181,503
From operations (derived)
+€299,283
Net result for the year
-€4,326
Depreciation
+€4,510
Stocks and contracts
+€148,040
Receivables within one year
-€4,565
Deferred charges and accrued income
-€237
Provisions
+€9,336
Trade debts
-€10,300
Tax, wage and social debts
-€9,991
Other debts
+€168,769
Accrued charges and deferred income
-€1,952
Investment (derived)
-€110,301
Investment in fixed assets (net)
-€110,301
Financing
-€283,929
Debts after one year
+€352,227
Current portion of long-term debt
+€78
Short-term financial debts
-€664,241
Contributions, distributions and other
+€28,007
Cash 2025
€86,557
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,219,697 | €1,087,303 | -€132,394 | -10.9% |
| Formation expenses | 20 | €2,560 | €1,164 | -€1,396 | -54.5% |
| Fixed assets | 21/28 | €1,106 | €108,293 | +€107,187 | +9,693% |
| Tangible fixed assets | 22/27 | €1,106 | €108,293 | +€107,187 | +9,693% |
| Land and buildings | 22 | - | €107,741 | +€107,741 | |
| Furniture and vehicles | 24 | €1,106 | €552 | -€554 | -50.1% |
| Current assets | 29/58 | €1,216,031 | €977,846 | -€238,185 | -19.6% |
| Stocks and contracts in progress | 3 | €998,429 | €850,388 | -€148,040 | -14.8% |
| Stocks | 30/36 | €998,429 | €850,388 | -€148,040 | -14.8% |
| Amounts receivable within one year | 40/41 | €32,413 | €36,978 | +€4,565 | +14.1% |
| Trade receivables | 40 | €11,350 | €36,399 | +€25,049 | +221% |
| Other amounts receivable | 41 | €21,063 | €580 | -€20,484 | -97.2% |
| Cash at bank and in hand | 54/58 | €181,503 | €86,557 | -€94,946 | -52.3% |
| Deferred charges and accrued income | 490/1 | €3,686 | €3,923 | +€237 | +6.4% |
| Total equity and liabilities | 10/49 | €1,219,697 | €1,087,303 | -€132,394 | -10.9% |
| Equity | 10/15 | €49,983 | €73,664 | +€23,681 | +47.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,285 | -€39,611 | -€4,326 | -12.3% |
| Investment grants | 15 | €55,268 | €83,276 | +€28,007 | +50.7% |
| Provisions and deferred taxes | 16 | €18,423 | €27,759 | +€9,336 | +50.7% |
| Deferred taxes | 168 | €18,423 | €27,759 | +€9,336 | +50.7% |
| Amounts payable | 17/49 | €1,151,291 | €985,880 | -€165,410 | -14.4% |
| Amounts payable after more than one year | 17 | €206,675 | €558,902 | +€352,227 | +170% |
| Financial debts | 170/4 | €86,675 | €438,902 | +€352,227 | +406% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €941,680 | €425,995 | -€515,685 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €4,695 | €4,773 | +€78 | +1.7% |
| Financial debts | 43 | €835,000 | €170,759 | -€664,241 | -79.5% |
| Credit institutions | 430/8 | €835,000 | €170,759 | -€664,241 | -79.5% |
| Trade debts | 44 | €66,401 | €56,102 | -€10,300 | -15.5% |
| Suppliers | 440/4 | €66,401 | €56,102 | -€10,300 | -15.5% |
| Taxes, remuneration and social security | 45 | €30,744 | €20,753 | -€9,991 | -32.5% |
| Taxes | 450/3 | €30,744 | €20,753 | -€9,991 | -32.5% |
| Other amounts payable | 47/48 | €4,839 | €173,608 | +€168,769 | +3,488% |
| Accrued charges and deferred income | 492/3 | €2,936 | €984 | -€1,952 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,950 | €4,510 | +€2,560 | +131% |
| Other operating charges | 640/8 | €8,617 | €4,574 | -€4,043 | -46.9% |
| Gross operating margin | 9900 | -€27,592 | -€26,865 | +€727 | +2.6% |
| Operating profit (loss) | 9901 | -€38,159 | -€35,949 | +€2,210 | +5.8% |
| Financial income | 75/76B | €11,846 | €46,994 | +€35,148 | +297% |
| Recurring financial income | 75 | €11,846 | €46,994 | +€35,148 | +297% |
| Financial charges | 65/66B | €10,364 | €31,035 | +€20,671 | +199% |
| Recurring financial charges | 65 | €10,364 | €31,035 | +€20,671 | +199% |
| Profit (loss) for the period before taxes | 9903 | -€36,678 | -€19,991 | +€16,687 | +45.5% |
| Transfer from deferred taxes | 780 | €3,908 | €15,664 | +€11,756 | +301% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€32,770 | -€4,326 | +€28,444 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,770 | -€4,326 | +€28,444 | +86.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.