URBANSCAPE: 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.
URBANSCAPE
Largest movements
- Tangible fixed assets +€345,027
up €345,027 (+6.7%), from €5.1m to €5.5m
- Cash +€99,243
up €99,243 (+94.7%), from €104,834 to €204,077
mainly Other debts (+€402,239) and Depreciation (+€216,953)
- Current investments -€71,362
down €71,362 (-55.1%), from €129,619 to €58,257
- Other debts +€402,239
up €402,239 (+167%), from €240,891 to €643,130
- Debts after one year -€388,632
down €388,632 (-9.9%), from €3.9m to €3.5m
of which Financial debts: -€388,632
- Current portion of long-term debt +€121,393
up €121,393 (+79.2%), from €153,239 to €274,632
- Reserves +€119,000
up €119,000 (+40.5%), from €294,000 to €413,000
of which Distributable reserves: +€119,000
- Tax, wage and social debts +€61,200
up €61,200 (+31,865%), from €192 to €61,392
- Gross operating margin +€105,747
up €105,747 (+22.6%), from €468,236 to €573,984
- Taxes +€44,604
up €44,604 (+266%), from €16,780 to €61,384
- Financial charges -€26,002
down €26,002 (-18.1%), from €143,790 to €117,789
- Depreciation +€8,767
up €8,767 (+4.2%), from €208,185 to €216,953
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 | €5,413,830 | €5,734,399 | +€320,570 | +5.9% |
| Fixed assets | 21/28 | €5,126,157 | €5,471,184 | +€345,027 | +6.7% |
| Tangible fixed assets | 22/27 | €5,126,157 | €5,471,184 | +€345,027 | +6.7% |
| Land and buildings | 22 | €5,126,157 | €5,471,184 | +€345,027 | +6.7% |
| Current assets | 29/58 | €287,673 | €263,216 | -€24,458 | -8.5% |
| Amounts receivable within one year | 40/41 | €53,220 | €882 | -€52,338 | -98.3% |
| Other amounts receivable | 41 | €53,220 | €882 | -€52,338 | -98.3% |
| Current investments | 50/53 | €129,619 | €58,257 | -€71,362 | -55.1% |
| Cash at bank and in hand | 54/58 | €104,834 | €204,077 | +€99,243 | +94.7% |
| Total equity and liabilities | 10/49 | €5,413,830 | €5,734,399 | +€320,570 | +5.9% |
| Equity | 10/15 | €1,095,880 | €1,215,153 | +€119,274 | +10.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €294,000 | €413,000 | +€119,000 | +40.5% |
| Non-distributable reserves | 130/1 | €114,000 | €114,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €114,000 | €114,000 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €299,000 | +€119,000 | +66.1% |
| Profit (loss) carried forward | 14 | €783,330 | €783,603 | +€274 | 0.0% |
| Amounts payable | 17/49 | €4,317,950 | €4,519,246 | +€201,296 | +4.7% |
| Amounts payable after more than one year | 17 | €3,922,655 | €3,534,023 | -€388,632 | -9.9% |
| Financial debts | 170/4 | €3,047,655 | €2,659,023 | -€388,632 | -12.8% |
| Other amounts payable | 178/9 | €875,000 | €875,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €395,295 | €985,223 | +€589,928 | +149% |
| Current portion of amounts payable after more than one year | 42 | €153,239 | €274,632 | +€121,393 | +79.2% |
| Trade debts | 44 | €972 | €6,069 | +€5,097 | +524% |
| Suppliers | 440/4 | €972 | €6,069 | +€5,097 | +524% |
| Taxes, remuneration and social security | 45 | €192 | €61,392 | +€61,200 | +31,865% |
| Taxes | 450/3 | €192 | €61,392 | +€61,200 | +31,865% |
| Other amounts payable | 47/48 | €240,891 | €643,130 | +€402,239 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,185 | €216,953 | +€8,767 | +4.2% |
| Other operating charges | 640/8 | €63,460 | €58,585 | -€4,875 | -7.7% |
| Gross operating margin | 9900 | €468,236 | €573,984 | +€105,747 | +22.6% |
| Operating profit (loss) | 9901 | €196,591 | €298,446 | +€101,855 | +51.8% |
| Financial charges | 65/66B | €143,790 | €117,789 | -€26,002 | -18.1% |
| Recurring financial charges | 65 | €143,790 | €117,789 | -€26,002 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €52,801 | €180,657 | +€127,856 | +242% |
| Income taxes | 67/77 | €16,780 | €61,384 | +€44,604 | +266% |
| Profit (loss) for the period | 9904 | €36,021 | €119,274 | +€83,252 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €36,021 | €119,274 | +€83,252 | +231% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.