URBANO A10: what changed
What changed
URBANO A10
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€122,653
2024 · -€103,570-€19,083
Equity
€606,363
2024 · €729,016-€122,653
Cash
€3.4m
2024 · €5.0m-€1.6m
Balance sheet total
€10.8m
2024 · €11.0m-€184,081
Largest movements
Assets
- Cash -€1.6m
down €1.6m (-31.7%), from €5.0m to €3.4m
mainly Current investments (-€1.5m) and Debts after one year (-€1.2m)
- Current investments +€1.5m
new in 2025: €1.5m
- Tangible fixed assets -€239,584
down €239,584 (-4.6%), from €5.2m to €5.0m
of which Land and buildings: -€313,987
- Receivables within one year +€152,328
up €152,328 (+20.3%), from €751,559 to €903,887
of which Other amounts receivable: +€184,857
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+87.7%), from €1.5m to €2.8m
- Debts after one year -€1.2m
down €1.2m (-16.8%), from €7.4m to €6.2m
- Reserves -€122,653
down €122,653 (-18.4%), from €667,516 to €544,863
of which Distributable reserves: -€122,653
Income statement
- Other operating income +€22,344
up €22,344 (+5.6%), from €400,038 to €422,383
- Turnover -€22,074
down €22,074 (-31.5%), from €70,074 to €48,000
- Other operating charges +€18,283
up €18,283 (+20.1%), from €91,000 to €109,283
- Financial charges +€12,026
up €12,026 (+9.3%), from €129,667 to €141,693
- Financial income +€6,111
up €6,111 (+32.2%), from €18,988 to €25,099
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
-€103,570
Turnover
-€22,074
Other operating income
+€22,344
Services and other goods
+€3,843
Depreciation
+€1,000
Other operating charges
-€18,283
Financial income
+€6,111
Financial charges
-€12,026
Taxes
+€1
Result 2025
-€122,653
raises the resultlowers the result
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
+€1.2m
Investment
-€1.6m
Financing
-€1.2m
Cash 2024
€5.0m
From operations (derived)
+€1.2m
Net result for the year
-€122,653
Depreciation
+€317,646
Receivables within one year
-€152,328
Deferred charges and accrued income
-€258
Trade debts
-€55,601
Advances received
-€60,000
Other debts
+€1.3m
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€78,062
Current investments
-€1.5m
Financing
-€1.2m
Debts after one year
-€1.2m
Cash 2025
€3.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,007,449 | €10,823,368 | -€184,081 | -1.7% |
| Fixed assets | 21/28 | €5,197,623 | €4,958,039 | -€239,584 | -4.6% |
| Tangible fixed assets | 22/27 | €5,197,623 | €4,958,039 | -€239,584 | -4.6% |
| Land and buildings | 22 | €5,170,581 | €4,856,594 | -€313,987 | -6.1% |
| Assets under construction and advance payments | 27 | €27,042 | €101,445 | +€74,403 | +275% |
| Current assets | 29/58 | €5,809,826 | €5,865,329 | +€55,503 | +1.0% |
| Amounts receivable within one year | 40/41 | €751,559 | €903,887 | +€152,328 | +20.3% |
| Trade receivables | 40 | €69,600 | €37,071 | -€32,529 | -46.7% |
| Other amounts receivable | 41 | €681,959 | €866,816 | +€184,857 | +27.1% |
| Current investments | 50/53 | - | €1,500,000 | +€1.5m | |
| Other investments | 51/53 | - | €1,500,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €5,043,204 | €3,446,121 | -€1.6m | -31.7% |
| Deferred charges and accrued income | 490/1 | €15,063 | €15,320 | +€258 | +1.7% |
| Total equity and liabilities | 10/49 | €11,007,449 | €10,823,368 | -€184,081 | -1.7% |
| Equity | 10/15 | €729,016 | €606,363 | -€122,653 | -16.8% |
| 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% |
| Reserves | 13 | €667,516 | €544,863 | -€122,653 | -18.4% |
| Non-distributable reserves | 130/1 | €33,920 | €33,920 | = | 0.0% |
| Legal reserve | 130 | €31,606 | €31,606 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,314 | €2,314 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,548 | €48,548 | = | 0.0% |
| Distributable reserves | 133 | €585,048 | €462,395 | -€122,653 | -21.0% |
| Amounts payable | 17/49 | €10,278,433 | €10,217,005 | -€61,428 | -0.6% |
| Amounts payable after more than one year | 17 | €7,415,000 | €6,170,000 | -€1.2m | -16.8% |
| Financial debts | 170/4 | €7,415,000 | €6,170,000 | -€1.2m | -16.8% |
| Credit institutions | 173 | €3,250,000 | €2,250,000 | -€1.0m | -30.8% |
| Other loans | 174 | €4,165,000 | €3,920,000 | -€245,000 | -5.9% |
| Amounts payable within one year | 42/48 | €2,863,433 | €4,047,005 | +€1.2m | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €1,245,000 | €1,245,000 | = | 0.0% |
| Trade debts | 44 | €77,121 | €21,520 | -€55,601 | -72.1% |
| Suppliers | 440/4 | €77,121 | €21,520 | -€55,601 | -72.1% |
| Advances received on contracts in progress | 46 | €60,000 | - | -€60,000 | |
| Taxes, remuneration and social security | 45 | €423 | €423 | = | 0.0% |
| Taxes | 450/3 | €423 | €423 | = | 0.0% |
| Other amounts payable | 47/48 | €1,480,889 | €2,780,062 | +€1.3m | +87.7% |
| Operating income | 70/76A | €470,112 | €470,383 | +€271 | +0.1% |
| Turnover | 70 | €70,074 | €48,000 | -€22,074 | -31.5% |
| Other operating income | 74 | €400,038 | €422,383 | +€22,344 | +5.6% |
| Operating charges | 60/66A | €463,001 | €476,442 | +€13,440 | +2.9% |
| Services and other goods | 61 | €53,356 | €49,513 | -€3,843 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318,646 | €317,646 | -€1,000 | -0.3% |
| Other operating charges | 640/8 | €91,000 | €109,283 | +€18,283 | +20.1% |
| Operating profit (loss) | 9901 | €7,111 | -€6,059 | -€13,169 | |
| Financial income | 75/76B | €18,988 | €25,099 | +€6,111 | +32.2% |
| Recurring financial income | 75 | €18,988 | €25,099 | +€6,111 | +32.2% |
| Income from current assets | 751 | €18,959 | €25,099 | +€6,140 | +32.4% |
| Other financial income | 752/9 | €29 | - | -€29 | |
| Financial charges | 65/66B | €129,667 | €141,693 | +€12,026 | +9.3% |
| Recurring financial charges | 65 | €129,667 | €141,693 | +€12,026 | +9.3% |
| Debt charges | 650 | €128,592 | €140,735 | +€12,143 | +9.4% |
| Other financial charges | 652/9 | €1,075 | €958 | -€117 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€103,568 | -€122,653 | -€19,084 | -18.4% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Taxes | 670/3 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€103,570 | -€122,653 | -€19,083 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€103,570 | -€122,653 | -€19,083 | -18.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.