Urban Way: 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 Way
Largest movements
- Stocks and contracts -€143,050
down €143,050 (-15.7%), from €912,135 to €769,085
- Receivables after one year +€65,903
up €65,903 (+282%), from €23,403 to €89,305
- Cash +€35,544
up €35,544 (+614%), from €5,793 to €41,338
mainly Stocks and contracts (+€143,050) and Net result for the year (+€128,452)
- Debts after one year -€179,878
down €179,878 (-19.1%), from €941,423 to €761,546
- Profit (loss) carried forward +€128,452
up €128,452, from -€66,890 to €61,562
- Tax, wage and social debts +€15,790
new in 2025: €15,790
- Gross operating margin +€210,022
up €210,022, from -€43,685 to €166,337
- Taxes +€15,790
new in 2025: €15,790
- Financial charges +€7,695
up €7,695 (+65.9%), from €11,677 to €19,373
- Other operating charges -€4,849
down €4,849 (-51.0%), from €9,500 to €4,651
- Financial income +€1,714
up €1,714 (+426%), from €403 to €2,117
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 | €941,998 | €901,145 | -€40,853 | -4.3% |
| Fixed assets | 21/28 | - | €1,417 | +€1,417 | |
| Tangible fixed assets | 22/27 | - | €1,417 | +€1,417 | |
| Furniture and vehicles | 24 | - | €1,417 | +€1,417 | |
| Current assets | 29/58 | €941,998 | €899,728 | -€42,270 | -4.5% |
| Amounts receivable after more than one year | 29 | €23,403 | €89,305 | +€65,903 | +282% |
| Other amounts receivable | 291 | €23,403 | €89,305 | +€65,903 | +282% |
| Stocks and contracts in progress | 3 | €912,135 | €769,085 | -€143,050 | -15.7% |
| Stocks | 30/36 | €912,135 | €769,085 | -€143,050 | -15.7% |
| Cash at bank and in hand | 54/58 | €5,793 | €41,338 | +€35,544 | +614% |
| Deferred charges and accrued income | 490/1 | €667 | - | -€667 | |
| Total equity and liabilities | 10/49 | €941,998 | €901,145 | -€40,853 | -4.3% |
| Equity | 10/15 | -€6,890 | €121,562 | +€128,452 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,890 | €61,562 | +€128,452 | |
| Amounts payable | 17/49 | €948,888 | €779,583 | -€169,305 | -17.8% |
| Amounts payable after more than one year | 17 | €941,423 | €761,546 | -€179,878 | -19.1% |
| Financial debts | 170/4 | €941,423 | €761,546 | -€179,878 | -19.1% |
| Amounts payable within one year | 42/48 | €7,465 | €18,038 | +€10,573 | +142% |
| Financial debts | 43 | €2 | - | -€2 | |
| Credit institutions | 430/8 | €2 | - | -€2 | |
| Trade debts | 44 | €7,350 | €939 | -€6,411 | -87.2% |
| Suppliers | 440/4 | €7,350 | €939 | -€6,411 | -87.2% |
| Taxes, remuneration and social security | 45 | - | €15,790 | +€15,790 | |
| Taxes | 450/3 | - | €15,790 | +€15,790 | |
| Other amounts payable | 47/48 | €113 | €1,309 | +€1,195 | +1,053% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €189 | +€189 | |
| Other operating charges | 640/8 | €9,500 | €4,651 | -€4,849 | -51.0% |
| Gross operating margin | 9900 | -€43,685 | €166,337 | +€210,022 | |
| Operating profit (loss) | 9901 | -€53,185 | €161,498 | +€214,683 | |
| Financial income | 75/76B | €403 | €2,117 | +€1,714 | +426% |
| Recurring financial income | 75 | €403 | €2,117 | +€1,714 | +426% |
| Financial charges | 65/66B | €11,677 | €19,373 | +€7,695 | +65.9% |
| Recurring financial charges | 65 | €11,677 | €19,373 | +€7,695 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | -€64,460 | €144,242 | +€208,702 | |
| Income taxes | 67/77 | - | €15,790 | +€15,790 | |
| Profit (loss) for the period | 9904 | -€64,460 | €128,452 | +€192,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,460 | €128,452 | +€192,912 |
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 1 November 2026 via checked.be.