URBASTYLE: 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.
What changed
URBASTYLE
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€220,940
2024 · €123,697+€97,243
Equity
€1.4m
2024 · €1.2m+€217,940
Cash
€45,892
2024 · €116,682-€70,790
Balance sheet total
€5.4m
2024 · €6.3m-€872,947
Largest movements
Assets
- Receivables within one year -€632,450
down €632,450 (-16.8%), from €3.8m to €3.1m
of which Trade receivables: -€697,339
- Stocks and contracts -€159,042
down €159,042 (-7.5%), from €2.1m to €2.0m
- Cash -€70,790
down €70,790 (-60.7%), from €116,682 to €45,892
mainly Short-term financial debts (-€773,469) and Trade debts (-€678,860)
Equity and liabilities
- Short-term financial debts -€773,469
down €773,469 (-45.5%), from €1.7m to €928,041
- Trade debts -€678,860
down €678,860 (-29.2%), from €2.3m to €1.6m
- Debts after one year +€250,000
up €250,000 (+200.0%), from €125,000 to €375,000
- Reserves +€217,940
up €217,940 (+37.3%), from €583,550 to €801,490
- Other debts +€130,174
up €130,174 (+18.3%), from €709,545 to €839,719
Income statement
- Turnover +€13.0m
new in 2025: €13.0m
- Goods and materials +€6.6m
new in 2025: €6.6m
of which Purchases: +€6.3m
- Services and other goods +€3.3m
new in 2025: €3.3m
- Gross operating margin -€3.2m
no longer reported in 2025 (was €3.2m)
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.
Result 2024
€123,697
Turnover
+€13.0m
Other operating income
+€28,215
Goods and materials
-€6.6m
Services and other goods
-€3.3m
Staff costs
+€64,629
Depreciation
+€30,682
Other operating charges
-€510
Other operating items
-€3.0m
Financial income
-€171
Financial charges
+€35,900
Taxes
-€31,487
Result 2025
€220,940
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.
From operations
+€643,701
Investment
-€188,021
Financing
-€526,469
Cash 2024
€116,682
From operations (derived)
+€643,701
Net result for the year
+€220,940
Depreciation
+€138,687
Receivables after one year
+€60,000
Stocks and contracts
+€159,042
Receivables within one year
+€632,450
Trade debts
-€678,860
Tax, wage and social debts
-€19,745
Other debts
+€130,174
Accrued charges and deferred income
+€1,012
Investment (derived)
-€188,021
Investment in fixed assets (net)
-€188,021
Financing
-€526,469
Debts after one year
+€250,000
Short-term financial debts
-€773,469
Contributions, distributions and other
-€3,000
Cash 2025
€45,892
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,315,926 | €5,442,979 | -€872,947 | -13.8% |
| Fixed assets | 21/28 | €269,542 | €318,876 | +€49,334 | +18.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €256,706 | €306,040 | +€49,334 | +19.2% |
| Land and buildings | 22 | €14,601 | €15,388 | +€788 | +5.4% |
| Plant, machinery and equipment | 23 | €133,223 | €123,795 | -€9,428 | -7.1% |
| Furniture and vehicles | 24 | €108,882 | €166,856 | +€57,974 | +53.2% |
| Financial fixed assets | 28 | €12,836 | €12,836 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €12,836 | +€12,836 | |
| Amounts receivable and cash guarantees | 285/8 | - | €12,836 | +€12,836 | |
| Current assets | 29/58 | €6,046,384 | €5,124,103 | -€922,282 | -15.3% |
| Amounts receivable after more than one year | 29 | €60,000 | €0 | -€60,000 | -100.0% |
| Other amounts receivable | 291 | €60,000 | €0 | -€60,000 | -100.0% |
| Stocks and contracts in progress | 3 | €2,113,030 | €1,953,988 | -€159,042 | -7.5% |
| Stocks | 30/36 | €2,113,030 | €1,953,988 | -€159,042 | -7.5% |
| Raw materials and consumables | 30/31 | - | €388,617 | +€388,617 | |
| Finished goods | 33 | - | €1,558,916 | +€1.6m | |
| Goods purchased for resale | 34 | - | €6,455 | +€6,455 | |
| Amounts receivable within one year | 40/41 | €3,756,672 | €3,124,223 | -€632,450 | -16.8% |
| Trade receivables | 40 | €3,736,158 | €3,038,819 | -€697,339 | -18.7% |
| Other amounts receivable | 41 | €20,515 | €85,404 | +€64,889 | +316.3% |
| Cash at bank and in hand | 54/58 | €116,682 | €45,892 | -€70,790 | -60.7% |
| Total equity and liabilities | 10/49 | €6,315,926 | €5,442,979 | -€872,947 | -13.8% |
| Equity | 10/15 | €1,222,050 | €1,439,990 | +€217,940 | +17.8% |
| Contributions | 10/11 | €638,500 | €638,500 | = | 0.0% |
| Reserves | 13 | €583,550 | €801,490 | +€217,940 | +37.3% |
| Distributable reserves | 133 | €583,550 | €801,490 | +€217,940 | +37.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,093,876 | €4,002,989 | -€1.1m | -21.4% |
| Amounts payable after more than one year | 17 | €125,000 | €375,000 | +€250,000 | +200.0% |
| Financial debts | 170/4 | €125,000 | €375,000 | +€250,000 | +200.0% |
| Other loans | 174 | - | €375,000 | +€375,000 | |
| Amounts payable within one year | 42/48 | €4,968,876 | €3,626,976 | -€1.3m | -27.0% |
| Financial debts | 43 | €1,701,511 | €928,041 | -€773,469 | -45.5% |
| Credit institutions | 430/8 | €1,701,511 | €928,041 | -€773,469 | -45.5% |
| Trade debts | 44 | €2,321,302 | €1,642,442 | -€678,860 | -29.2% |
| Suppliers | 440/4 | €2,321,302 | €1,642,442 | -€678,860 | -29.2% |
| Taxes, remuneration and social security | 45 | €236,519 | €216,774 | -€19,745 | -8.3% |
| Taxes | 450/3 | €30,776 | €17,159 | -€13,617 | -44.2% |
| Remuneration and social security | 454/9 | €205,743 | €199,615 | -€6,127 | -3.0% |
| Other amounts payable | 47/48 | €709,545 | €839,719 | +€130,174 | +18.3% |
| Accrued charges and deferred income | 492/3 | - | €1,012 | +€1,012 | |
| Operating income | 70/76A | - | €13,150,141 | +€13.2m | |
| Turnover | 70 | - | €12,978,500 | +€13.0m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €143,426 | +€143,426 | |
| Other operating income | 74 | - | €28,215 | +€28,215 | |
| Operating charges | 60/66A | - | €12,783,624 | +€12.8m | |
| Goods for resale, raw materials and consumables | 60 | - | €6,628,344 | +€6.6m | |
| Purchases | 600/8 | - | €6,325,876 | +€6.3m | |
| Change in stocks: decrease (increase) | 609 | - | €302,468 | +€302,468 | |
| Services and other goods | 61 | - | €3,338,418 | +€3.3m | |
| Remuneration, social security and pensions | 62 | €2,705,787 | €2,641,157 | -€64,629 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,368 | €138,687 | -€30,682 | -18.1% |
| Other operating charges | 640/8 | €36,509 | €37,019 | +€510 | +1.4% |
| Gross operating margin | 9900 | €3,185,180 | - | -€3.2m | |
| Operating profit (loss) | 9901 | €273,516 | €366,517 | +€93,001 | +34.0% |
| Financial income | 75/76B | €476 | €305 | -€171 | -36.0% |
| Recurring financial income | 75 | €476 | €305 | -€171 | -36.0% |
| Other financial income | 752/9 | - | €305 | +€305 | |
| Financial charges | 65/66B | €86,063 | €50,162 | -€35,900 | -41.7% |
| Recurring financial charges | 65 | €86,063 | €50,162 | -€35,900 | -41.7% |
| Debt charges | 650 | - | €38,666 | +€38,666 | |
| Other financial charges | 652/9 | - | €11,497 | +€11,497 | |
| Profit (loss) for the period before taxes | 9903 | €187,929 | €316,660 | +€128,730 | +68.5% |
| Income taxes | 67/77 | €64,232 | €95,719 | +€31,487 | +49.0% |
| Taxes | 670/3 | - | €95,719 | +€95,719 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €123,697 | €220,940 | +€97,243 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,697 | €220,940 | +€97,243 | +78.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.