URBAN SQUARE: 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 SQUARE
Largest movements
- Tangible fixed assets -€47,226
down €47,226 (-3.5%), from €1.3m to €1.3m
of which Land and buildings: -€46,496
- Debts after one year -€70,233
down €70,233 (-6.8%), from €1.0m to €957,260
of which Financial debts: -€64,093
- Gross operating margin -€36,020
down €36,020 (-29.9%), from €120,333 to €84,313
- Financial charges -€18,999
down €18,999 (-44.4%), from €42,819 to €23,820
- Other operating charges -€9,483
down €9,483 (-90.7%), from €10,450 to €968
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 | €1,393,491 | €1,334,379 | -€59,113 | -4.2% |
| Fixed assets | 21/28 | €1,355,463 | €1,308,237 | -€47,226 | -3.5% |
| Tangible fixed assets | 22/27 | €1,340,463 | €1,293,237 | -€47,226 | -3.5% |
| Land and buildings | 22 | €1,339,711 | €1,293,215 | -€46,496 | -3.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €753 | €22 | -€730 | -97.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €38,028 | €26,142 | -€11,887 | -31.3% |
| Amounts receivable within one year | 40/41 | €1,528 | €1,528 | = | 0.0% |
| Other amounts receivable | 41 | €1,528 | €1,528 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,600 | €24,614 | -€10,987 | -30.9% |
| Deferred charges and accrued income | 490/1 | €900 | €0 | -€900 | -100.0% |
| Total equity and liabilities | 10/49 | €1,393,491 | €1,334,379 | -€59,113 | -4.2% |
| Equity | 10/15 | -€11,315 | €983 | +€12,299 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,315 | -€59,017 | +€12,299 | +17.2% |
| Amounts payable | 17/49 | €1,404,807 | €1,333,395 | -€71,411 | -5.1% |
| Amounts payable after more than one year | 17 | €1,027,493 | €957,260 | -€70,233 | -6.8% |
| Financial debts | 170/4 | €1,005,333 | €941,240 | -€64,093 | -6.4% |
| Other amounts payable | 178/9 | €22,160 | €16,020 | -€6,140 | -27.7% |
| Amounts payable within one year | 42/48 | €377,314 | €376,135 | -€1,178 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €63,126 | €64,093 | +€967 | +1.5% |
| Trade debts | 44 | €4,185 | €2,040 | -€2,145 | -51.3% |
| Suppliers | 440/4 | €4,185 | €2,040 | -€2,145 | -51.3% |
| Other amounts payable | 47/48 | €310,002 | €310,002 | = | 0.0% |
| Non-recurring operating income | 76A | €10,145 | - | -€10,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,173 | €47,226 | +€1,053 | +2.3% |
| Other operating charges | 640/8 | €10,450 | €968 | -€9,483 | -90.7% |
| Gross operating margin | 9900 | €120,333 | €84,313 | -€36,020 | -29.9% |
| Operating profit (loss) | 9901 | €63,710 | €36,119 | -€27,591 | -43.3% |
| Financial income | 75/76B | €337 | - | -€337 | |
| Recurring financial income | 75 | €337 | - | -€337 | |
| Financial charges | 65/66B | €42,819 | €23,820 | -€18,999 | -44.4% |
| Recurring financial charges | 65 | €42,819 | €23,820 | -€18,999 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €21,228 | €12,299 | -€8,929 | -42.1% |
| Profit (loss) for the period | 9904 | €21,228 | €12,299 | -€8,929 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,228 | €12,299 | -€8,929 | -42.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.