URBEL: 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.
URBEL
Largest movements
- Tangible fixed assets +€42,725
up €42,725 (+179.9%), from €23,743 to €66,469
of which Furniture and vehicles: +€28,083
- Receivables within one year +€38,166
up €38,166 (+241.9%), from €15,781 to €53,947
of which Trade receivables: +€26,034
- Cash +€8,450
up €8,450 (+7.4%), from €114,225 to €122,675
mainly Debts after one year (+€39,400) and Trade debts (+€28,597)
- Deferred charges and accrued income +€6,291
up €6,291 (+993.4%), from €633 to €6,924
- Debts after one year +€39,400
up €39,400 (+523.7%), from €7,523 to €46,923
- Trade debts +€28,597
up €28,597 (+84.3%), from €33,910 to €62,506
- Current portion of long-term debt +€15,571
up €15,571 (+404.3%), from €3,851 to €19,423
- Profit (loss) carried forward +€12,888
up €12,888 (+147.3%), from €8,747 to €21,635
- Other debts -€4,974
down €4,974 (-53.8%), from €9,244 to €4,270
- Gross operating margin +€35,225
up €35,225 (+222.0%), from €15,867 to €51,092
- Write-downs +€15,000
new in 2025: €15,000
- Depreciation +€12,512
up €12,512 (+593.0%), from €2,110 to €14,622
- Financial charges +€1,727
up €1,727 (+342.0%), from €505 to €2,233
- Taxes +€1,122
up €1,122 (+30.6%), from €3,667 to €4,789
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 | €156,242 | €251,875 | +€95,633 | +61.2% |
| Fixed assets | 21/28 | €25,603 | €68,329 | +€42,725 | +166.9% |
| Tangible fixed assets | 22/27 | €23,743 | €66,469 | +€42,725 | +179.9% |
| Plant, machinery and equipment | 23 | €2,313 | €16,955 | +€14,643 | +633.2% |
| Furniture and vehicles | 24 | €21,431 | €49,514 | +€28,083 | +131.0% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €130,639 | €183,546 | +€52,907 | +40.5% |
| Amounts receivable within one year | 40/41 | €15,781 | €53,947 | +€38,166 | +241.9% |
| Trade receivables | 40 | €11,295 | €37,329 | +€26,034 | +230.5% |
| Other amounts receivable | 41 | €4,486 | €16,618 | +€12,132 | +270.5% |
| Cash at bank and in hand | 54/58 | €114,225 | €122,675 | +€8,450 | +7.4% |
| Deferred charges and accrued income | 490/1 | €633 | €6,924 | +€6,291 | +993.4% |
| Total equity and liabilities | 10/49 | €156,242 | €251,875 | +€95,633 | +61.2% |
| Equity | 10/15 | €89,614 | €102,502 | +€12,888 | +14.4% |
| Reserves | 13 | €80,867 | €80,867 | = | 0.0% |
| Distributable reserves | 133 | €80,867 | €80,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,747 | €21,635 | +€12,888 | +147.3% |
| Amounts payable | 17/49 | €66,627 | €149,372 | +€82,745 | +124.2% |
| Amounts payable after more than one year | 17 | €7,523 | €46,923 | +€39,400 | +523.7% |
| Financial debts | 170/4 | €7,523 | €46,923 | +€39,400 | +523.7% |
| Amounts payable within one year | 42/48 | €59,104 | €102,449 | +€43,345 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €3,851 | €19,423 | +€15,571 | +404.3% |
| Trade debts | 44 | €33,910 | €62,506 | +€28,597 | +84.3% |
| Suppliers | 440/4 | €33,910 | €62,506 | +€28,597 | +84.3% |
| Advances received on contracts in progress | 46 | €7,874 | €11,438 | +€3,564 | +45.3% |
| Taxes, remuneration and social security | 45 | €4,225 | €4,812 | +€587 | +13.9% |
| Taxes | 450/3 | €4,225 | €4,812 | +€587 | +13.9% |
| Other amounts payable | 47/48 | €9,244 | €4,270 | -€4,974 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,110 | €14,622 | +€12,512 | +593.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €837 | €1,560 | +€722 | +86.3% |
| Gross operating margin | 9900 | €15,867 | €51,092 | +€35,225 | +222.0% |
| Operating profit (loss) | 9901 | €12,920 | €19,910 | +€6,990 | +54.1% |
| Financial charges | 65/66B | €505 | €2,233 | +€1,727 | +342.0% |
| Recurring financial charges | 65 | €505 | €2,233 | +€1,727 | +342.0% |
| Profit (loss) for the period before taxes | 9903 | €12,415 | €17,678 | +€5,263 | +42.4% |
| Income taxes | 67/77 | €3,667 | €4,789 | +€1,122 | +30.6% |
| Profit (loss) for the period | 9904 | €8,747 | €12,888 | +€4,141 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,747 | €12,888 | +€4,141 | +47.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.