Urbanlink: what changed
What changed
Urbanlink
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€2.7m
2024 · €512,432+€2.2m
Equity
€3.0m
2024 · €2.2m+€748,304
Cash
€1.5m
2024 · €1.2m+€271,497
Balance sheet total
€11.6m
2024 · €5.1m+€6.5m
Largest movements
Assets
- Stocks and contracts +€4.6m
up €4.6m (+154%), from €3.0m to €7.6m
- Receivables within one year +€1.7m
up €1.7m (+261%), from €655,964 to €2.4m
of which Other amounts receivable: +€1.2m
- Cash +€271,497
up €271,497 (+22.6%), from €1.2m to €1.5m
mainly Net result for the year (+€2.7m) and Trade debts (+€2.5m)
Equity and liabilities
- Trade debts +€2.5m
up €2.5m (+153%), from €1.6m to €4.1m
- Short-term financial debts +€1.5m
new in 2025: €1.5m
- Other debts +€1.3m
up €1.3m (+172%), from €773,262 to €2.1m
- Reserves +€748,304
up €748,304 (+34.2%), from €2.2m to €2.9m
of which Distributable reserves: +€748,304
- Tax, wage and social debts +€545,833
up €545,833 (+221%), from €247,196 to €793,028
Income statement
- Gross operating margin +€2.6m
up €2.6m (+287%), from €901,117 to €3.5m
- Taxes +€196,416
up €196,416 (+225%), from €87,407 to €283,823
- Financial income -€163,762
down €163,762 (-99.8%), from €164,129 to €367
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
€512,432
Gross operating margin
+€2.6m
Staff costs
+€679
Depreciation
+€7,249
Other operating charges
-€8,905
Other operating items
-€3,624
Financial income
-€163,762
Financial charges
+€11,907
Taxes
-€196,416
Result 2025
€2.7m
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
+€893,284
Investment
€0
Financing
-€621,788
Cash 2024
€1.2m
From operations (derived)
+€893,284
Net result for the year
+€2.7m
Depreciation
+€71,737
Stocks and contracts
-€4.6m
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€4,730
Trade debts
+€2.5m
Tax, wage and social debts
+€545,833
Other debts
+€1.3m
Financing
-€621,788
Debts after one year
-€58,436
Current portion of long-term debt
-€15,191
Short-term financial debts
+€1.5m
Contributions, distributions and other
-€2.0m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,052,692 | €11,560,677 | +€6.5m | +129% |
| Fixed assets | 21/28 | €202,706 | €130,969 | -€71,737 | -35.4% |
| Tangible fixed assets | 22/27 | €184,106 | €112,369 | -€71,737 | -39.0% |
| Plant, machinery and equipment | 23 | €4,067 | €2,680 | -€1,387 | -34.1% |
| Furniture and vehicles | 24 | €180,039 | €109,690 | -€70,350 | -39.1% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €4,849,986 | €11,429,708 | +€6.6m | +136% |
| Stocks and contracts in progress | 3 | €2,984,566 | €7,574,591 | +€4.6m | +154% |
| Stocks | 30/36 | €2,984,566 | €7,574,591 | +€4.6m | +154% |
| Amounts receivable within one year | 40/41 | €655,964 | €2,369,434 | +€1.7m | +261% |
| Trade receivables | 40 | €597,972 | €1,153,191 | +€555,219 | +92.9% |
| Other amounts receivable | 41 | €57,992 | €1,216,243 | +€1.2m | +1,997% |
| Cash at bank and in hand | 54/58 | €1,199,364 | €1,470,861 | +€271,497 | +22.6% |
| Deferred charges and accrued income | 490/1 | €10,092 | €14,822 | +€4,730 | +46.9% |
| Total equity and liabilities | 10/49 | €5,052,692 | €11,560,677 | +€6.5m | +129% |
| Equity | 10/15 | €2,240,807 | €2,989,111 | +€748,304 | +33.4% |
| Contributions | 10/11 | €49,587 | €49,587 | = | 0.0% |
| Reserves | 13 | €2,191,220 | €2,939,524 | +€748,304 | +34.2% |
| Non-distributable reserves | 130/1 | €4,959 | €4,959 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,959 | €4,959 | = | 0.0% |
| Distributable reserves | 133 | €2,186,262 | €2,934,565 | +€748,304 | +34.2% |
| Amounts payable | 17/49 | €2,811,885 | €8,571,566 | +€5.8m | +205% |
| Amounts payable after more than one year | 17 | €81,455 | €23,018 | -€58,436 | -71.7% |
| Financial debts | 170/4 | €81,455 | €23,018 | -€58,436 | -71.7% |
| Amounts payable within one year | 42/48 | €2,730,430 | €8,548,547 | +€5.8m | +213% |
| Current portion of amounts payable after more than one year | 42 | €73,628 | €58,436 | -€15,191 | -20.6% |
| Financial debts | 43 | - | €1,451,840 | +€1.5m | |
| Credit institutions | 430/8 | - | €1,451,840 | +€1.5m | |
| Trade debts | 44 | €1,636,345 | €4,143,337 | +€2.5m | +153% |
| Suppliers | 440/4 | €1,636,345 | €4,143,337 | +€2.5m | +153% |
| Taxes, remuneration and social security | 45 | €247,196 | €793,028 | +€545,833 | +221% |
| Taxes | 450/3 | €247,196 | €793,028 | +€545,833 | +221% |
| Other amounts payable | 47/48 | €773,262 | €2,101,906 | +€1.3m | +172% |
| Non-recurring operating income | 76A | €159,506 | €9,400 | -€150,106 | -94.1% |
| Remuneration, social security and pensions | 62 | €679 | - | -€679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,986 | €71,737 | -€7,249 | -9.2% |
| Other operating charges | 640/8 | €15,085 | €23,990 | +€8,905 | +59.0% |
| Non-recurring operating charges | 66A | - | €3,624 | +€3,624 | |
| Gross operating margin | 9900 | €901,117 | €3,489,863 | +€2.6m | +287% |
| Operating profit (loss) | 9901 | €806,368 | €3,390,512 | +€2.6m | +320% |
| Financial income | 75/76B | €164,129 | €367 | -€163,762 | -99.8% |
| Recurring financial income | 75 | €164,129 | €367 | -€163,762 | -99.8% |
| Financial charges | 65/66B | €370,658 | €358,752 | -€11,907 | -3.2% |
| Recurring financial charges | 65 | €370,658 | €358,752 | -€11,907 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €599,839 | €3,032,127 | +€2.4m | +405% |
| Income taxes | 67/77 | €87,407 | €283,823 | +€196,416 | +225% |
| Profit (loss) for the period | 9904 | €512,432 | €2,748,304 | +€2.2m | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €512,432 | €2,748,304 | +€2.2m | +436% |
Next steps
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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 5 November 2026 via checked.be.