URBAN PROPERTIES: 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 PROPERTIES
Largest movements
- Stocks and contracts +€1.2m
up €1.2m (+1,004%), from €118,677 to €1.3m
- Cash -€699,939
down €699,939 (-81.1%), from €862,643 to €162,703
mainly Stocks and contracts (-€1.2m) and Current portion of long-term debt (-€110,157)
- Receivables within one year +€36,754
up €36,754 (+19.6%), from €187,363 to €224,118
of which Trade receivables: +€42,186
- Debts after one year +€734,973
up €734,973 (+357%), from €206,035 to €941,008
- Current portion of long-term debt -€110,157
down €110,157 (-65.2%), from €168,965 to €58,807
- Other debts -€61,993
down €61,993 (-14.0%), from €442,753 to €380,760
- Trade debts -€34,101
down €34,101 (-48.0%), from €71,026 to €36,925
- Gross operating margin -€521,790
down €521,790 (-89.8%), from €580,760 to €58,971
- Taxes -€126,385
down €126,385 (-100.0%), from €126,398 to €13
- Financial charges +€21,504
up €21,504 (+89.2%), from €24,098 to €45,603
- Staff costs -€12,415
down €12,415 (-97.8%), from €12,689 to €274
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 | €1,514,675 | €2,024,980 | +€510,305 | +33.7% |
| Fixed assets | 21/28 | €345,992 | €327,787 | -€18,205 | -5.3% |
| Intangible fixed assets | 21 | €7,390 | €4,124 | -€3,266 | -44.2% |
| Tangible fixed assets | 22/27 | €323,002 | €318,663 | -€4,338 | -1.3% |
| Land and buildings | 22 | €323,002 | €313,207 | -€9,795 | -3.0% |
| Furniture and vehicles | 24 | - | €5,456 | +€5,456 | |
| Financial fixed assets | 28 | €15,600 | €5,000 | -€10,600 | -67.9% |
| Current assets | 29/58 | €1,168,683 | €1,697,193 | +€528,510 | +45.2% |
| Stocks and contracts in progress | 3 | €118,677 | €1,310,371 | +€1.2m | +1,004% |
| Stocks | 30/36 | €118,677 | €1,310,371 | +€1.2m | +1,004% |
| Amounts receivable within one year | 40/41 | €187,363 | €224,118 | +€36,754 | +19.6% |
| Trade receivables | 40 | €150,991 | €193,176 | +€42,186 | +27.9% |
| Other amounts receivable | 41 | €36,372 | €30,941 | -€5,431 | -14.9% |
| Cash at bank and in hand | 54/58 | €862,643 | €162,703 | -€699,939 | -81.1% |
| Total equity and liabilities | 10/49 | €1,514,675 | €2,024,980 | +€510,305 | +33.7% |
| Equity | 10/15 | €595,652 | €593,831 | -€1,821 | -0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €534,152 | €532,331 | -€1,821 | -0.3% |
| Amounts payable | 17/49 | €919,023 | €1,431,148 | +€512,126 | +55.7% |
| Amounts payable after more than one year | 17 | €206,035 | €941,008 | +€734,973 | +357% |
| Financial debts | 170/4 | €206,035 | €941,008 | +€734,973 | +357% |
| Amounts payable within one year | 42/48 | €712,988 | €490,141 | -€222,847 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €168,965 | €58,807 | -€110,157 | -65.2% |
| Trade debts | 44 | €71,026 | €36,925 | -€34,101 | -48.0% |
| Suppliers | 440/4 | €71,026 | €36,925 | -€34,101 | -48.0% |
| Taxes, remuneration and social security | 45 | €30,244 | €13,648 | -€16,595 | -54.9% |
| Taxes | 450/3 | €29,763 | €13,168 | -€16,595 | -55.8% |
| Remuneration and social security | 454/9 | €481 | €481 | = | 0.0% |
| Other amounts payable | 47/48 | €442,753 | €380,760 | -€61,993 | -14.0% |
| Remuneration, social security and pensions | 62 | €12,689 | €274 | -€12,415 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,204 | €14,483 | +€2,278 | +18.7% |
| Other operating charges | 640/8 | €387 | €419 | +€32 | +8.2% |
| Gross operating margin | 9900 | €580,760 | €58,971 | -€521,790 | -89.8% |
| Operating profit (loss) | 9901 | €555,480 | €43,795 | -€511,684 | -92.1% |
| Financial charges | 65/66B | €24,098 | €45,603 | +€21,504 | +89.2% |
| Recurring financial charges | 65 | €24,098 | €45,603 | +€21,504 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | €531,381 | -€1,808 | -€533,189 | |
| Income taxes | 67/77 | €126,398 | €13 | -€126,385 | -100.0% |
| Profit (loss) for the period | 9904 | €404,983 | -€1,821 | -€406,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €404,983 | -€1,821 | -€406,804 |
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 18 October 2026 via checked.be.