URBATEX: 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.
URBATEX
Largest movements
- Cash +€65,260
up €65,260 (+30.7%), from €212,764 to €278,024
mainly Net result for the year (+€39,351) and Receivables within one year (+€29,386)
- Receivables within one year -€29,386
down €29,386 (-31.6%), from €92,884 to €63,499
of which Trade receivables: -€24,006
- Reserves +€15,850
up €15,850 (+11.9%), from €133,553 to €149,403
of which Non-distributable reserves: +€15,850
- Other debts +€15,800
up €15,800 (+205.2%), from €7,700 to €23,500
- Tax, wage and social debts +€7,164
up €7,164 (+157.4%), from €4,553 to €11,717
- Gross operating margin +€15,719
up €15,719 (+36.1%), from €43,493 to €59,212
- Taxes +€5,319
up €5,319 (+39.6%), from €13,429 to €18,749
- Write-downs -€2,380
new in 2025: -€2,380
- Other operating charges +€2,358
up €2,358 (+682.1%), from €346 to €2,704
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,880 | €349,300 | +€37,420 | +12.0% |
| Fixed assets | 21/28 | €2,055 | €3,375 | +€1,319 | +64.2% |
| Tangible fixed assets | 22/27 | €1,425 | €3,195 | +€1,769 | +124.1% |
| Plant, machinery and equipment | 23 | €13 | - | -€13 | |
| Furniture and vehicles | 24 | €1,412 | €3,195 | +€1,783 | +126.3% |
| Financial fixed assets | 28 | €630 | €180 | -€450 | -71.4% |
| Current assets | 29/58 | €309,825 | €345,925 | +€36,100 | +11.7% |
| Amounts receivable within one year | 40/41 | €92,884 | €63,499 | -€29,386 | -31.6% |
| Trade receivables | 40 | €87,005 | €62,999 | -€24,006 | -27.6% |
| Other amounts receivable | 41 | €5,879 | €500 | -€5,380 | -91.5% |
| Cash at bank and in hand | 54/58 | €212,764 | €278,024 | +€65,260 | +30.7% |
| Deferred charges and accrued income | 490/1 | €4,177 | €4,403 | +€226 | +5.4% |
| Total equity and liabilities | 10/49 | €311,880 | €349,300 | +€37,420 | +12.0% |
| Equity | 10/15 | €153,555 | €169,406 | +€15,851 | +10.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €133,553 | €149,403 | +€15,850 | +11.9% |
| Non-distributable reserves | 130/1 | €95,303 | €111,153 | +€15,850 | +16.6% |
| Other | 1319 | €95,303 | €111,153 | +€15,850 | +16.6% |
| Distributable reserves | 133 | €38,250 | €38,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2 | €3 | +€1 | +35.4% |
| Amounts payable | 17/49 | €158,325 | €179,894 | +€21,569 | +13.6% |
| Amounts payable after more than one year | 17 | €6,703 | €5,352 | -€1,351 | -20.2% |
| Other amounts payable | 178/9 | €6,703 | €5,352 | -€1,351 | -20.2% |
| Amounts payable within one year | 42/48 | €151,621 | €174,542 | +€22,920 | +15.1% |
| Financial debts | 43 | €2 | €110 | +€108 | +5425.1% |
| Credit institutions | 430/8 | €2 | €110 | +€108 | +5425.1% |
| Trade debts | 44 | €139,366 | €139,215 | -€152 | -0.1% |
| Suppliers | 440/4 | €139,366 | €139,215 | -€152 | -0.1% |
| Taxes, remuneration and social security | 45 | €4,553 | €11,717 | +€7,164 | +157.4% |
| Taxes | 450/3 | €4,553 | €11,717 | +€7,164 | +157.4% |
| Other amounts payable | 47/48 | €7,700 | €23,500 | +€15,800 | +205.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €694 | -€185 | -21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,380 | -€2,380 | |
| Other operating charges | 640/8 | €346 | €2,704 | +€2,358 | +682.1% |
| Gross operating margin | 9900 | €43,493 | €59,212 | +€15,719 | +36.1% |
| Operating profit (loss) | 9901 | €42,269 | €58,194 | +€15,926 | +37.7% |
| Financial income | 75/76B | €828 | €707 | -€121 | -14.6% |
| Recurring financial income | 75 | €828 | €707 | -€121 | -14.6% |
| Financial charges | 65/66B | €949 | €802 | -€148 | -15.6% |
| Recurring financial charges | 65 | €949 | €802 | -€148 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €42,147 | €58,099 | +€15,952 | +37.8% |
| Income taxes | 67/77 | €13,429 | €18,749 | +€5,319 | +39.6% |
| Profit (loss) for the period | 9904 | €28,718 | €39,351 | +€10,633 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,718 | €39,351 | +€10,633 | +37.0% |
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 9 October 2026 via checked.be.