URBES CONSTRUCT: 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.
What changed
URBES CONSTRUCT
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€187,861
2024 · €92,485+€95,376
Equity
€1.5m
2024 · €1.3m+€187,861
Cash
€88,357
2024 · €17,710+€70,647
Balance sheet total
€2.4m
2024 · €2.5m-€124,968
Largest movements
Assets
- Receivables within one year -€142,820
down €142,820 (-6.3%), from €2.3m to €2.1m
of which Trade receivables: -€120,257
- Cash +€70,647
up €70,647 (+398.9%), from €17,710 to €88,357
mainly Net result for the year (+€187,861) and Receivables within one year (+€142,820)
- Tangible fixed assets -€52,418
down €52,418 (-30.7%), from €170,957 to €118,540
of which Plant, machinery and equipment: -€54,102
Equity and liabilities
- Reserves +€187,861
up €187,861 (+15.3%), from €1.2m to €1.4m
of which Distributable reserves: +€187,861
- Trade debts -€164,556
down €164,556 (-18.2%), from €905,699 to €741,142
- Other debts -€91,564
down €91,564 (-56.7%), from €161,550 to €69,985
- Tax, wage and social debts -€40,714
down €40,714 (-60.1%), from €67,773 to €27,059
of which Taxes: -€45,088
Income statement
- Services and other goods -€88,777
down €88,777 (-14.9%), from €594,092 to €505,315
- Other operating income -€84,150
down €84,150 (-23.5%), from €358,581 to €274,432
- Staff costs -€66,940
down €66,940 (-14.8%), from €453,625 to €386,685
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
€92,485
Turnover
-€13,042
Other operating income
-€84,150
Goods and materials
+€35,344
Services and other goods
+€88,777
Staff costs
+€66,940
Depreciation
+€22,885
Provisions
-€5,800
Other operating charges
+€15,241
Other operating items
+€3,396
Financial income
+€3,419
Financial charges
-€4,343
Taxes
-€33,289
Result 2025
€187,861
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
+€83,486
Investment
-€12,839
Financing
€0
Cash 2024
€17,710
From operations (derived)
+€83,486
Net result for the year
+€187,861
Depreciation
+€65,256
Stocks and contracts
+€1,250
Receivables within one year
+€142,820
Deferred charges and accrued income
-€872
Trade debts
-€164,556
Tax, wage and social debts
-€40,714
Other debts
-€91,564
Accrued charges and deferred income
-€15,994
Investment (derived)
-€12,839
Investment in fixed assets (net)
-€12,839
Cash 2025
€88,357
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,510,149 | €2,385,181 | -€124,968 | -5.0% |
| Fixed assets | 21/28 | €170,957 | €118,540 | -€52,418 | -30.7% |
| Tangible fixed assets | 22/27 | €170,957 | €118,540 | -€52,418 | -30.7% |
| Land and buildings | 22 | €5,306 | €10,557 | +€5,251 | +99.0% |
| Plant, machinery and equipment | 23 | €160,417 | €106,315 | -€54,102 | -33.7% |
| Furniture and vehicles | 24 | €5,234 | €1,668 | -€3,567 | -68.1% |
| Current assets | 29/58 | €2,339,192 | €2,266,641 | -€72,551 | -3.1% |
| Stocks and contracts in progress | 3 | €24,140 | €22,890 | -€1,250 | -5.2% |
| Stocks | 30/36 | €24,140 | €22,890 | -€1,250 | -5.2% |
| Raw materials and consumables | 30/31 | €17,187 | €15,937 | -€1,250 | -7.3% |
| Work in progress | 32 | €6,953 | €6,953 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,277,961 | €2,135,141 | -€142,820 | -6.3% |
| Trade receivables | 40 | €2,162,443 | €2,042,186 | -€120,257 | -5.6% |
| Other amounts receivable | 41 | €115,517 | €92,955 | -€22,562 | -19.5% |
| Cash at bank and in hand | 54/58 | €17,710 | €88,357 | +€70,647 | +398.9% |
| Deferred charges and accrued income | 490/1 | €19,382 | €20,254 | +€872 | +4.5% |
| Total equity and liabilities | 10/49 | €2,510,149 | €2,385,181 | -€124,968 | -5.0% |
| Equity | 10/15 | €1,303,659 | €1,491,520 | +€187,861 | +14.4% |
| Contributions | 10/11 | €76,536 | €76,536 | = | 0.0% |
| Capital | 10 | €76,536 | €76,536 | = | 0.0% |
| Issued capital | 100 | €76,536 | €76,536 | = | 0.0% |
| Reserves | 13 | €1,227,123 | €1,414,984 | +€187,861 | +15.3% |
| Non-distributable reserves | 130/1 | €66,825 | €66,825 | = | 0.0% |
| Legal reserve | 130 | €7,654 | €7,654 | = | 0.0% |
| Reserves not available under the articles | 1311 | €59,171 | €59,171 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,497 | €38,497 | = | 0.0% |
| Distributable reserves | 133 | €1,121,802 | €1,309,663 | +€187,861 | +16.7% |
| Provisions and deferred taxes | 16 | €49,856 | €49,856 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €49,856 | €49,856 | = | 0.0% |
| Other liabilities and charges | 164/5 | €49,856 | €49,856 | = | 0.0% |
| Amounts payable | 17/49 | €1,156,635 | €843,805 | -€312,829 | -27.0% |
| Amounts payable within one year | 42/48 | €1,135,021 | €838,186 | -€296,835 | -26.2% |
| Trade debts | 44 | €905,699 | €741,142 | -€164,556 | -18.2% |
| Suppliers | 440/4 | €905,699 | €741,142 | -€164,556 | -18.2% |
| Taxes, remuneration and social security | 45 | €67,773 | €27,059 | -€40,714 | -60.1% |
| Taxes | 450/3 | €48,829 | €3,740 | -€45,088 | -92.3% |
| Remuneration and social security | 454/9 | €18,944 | €23,318 | +€4,374 | +23.1% |
| Other amounts payable | 47/48 | €161,550 | €69,985 | -€91,564 | -56.7% |
| Accrued charges and deferred income | 492/3 | €21,613 | €5,619 | -€15,994 | -74.0% |
| Operating income | 70/76A | €4,317,895 | €4,224,099 | -€93,796 | -2.2% |
| Turnover | 70 | €3,951,572 | €3,938,529 | -€13,042 | -0.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €0 | - | = | |
| Other operating income | 74 | €358,581 | €274,432 | -€84,150 | -23.5% |
| Non-recurring operating income | 76A | €7,742 | €11,138 | +€3,396 | +43.9% |
| Operating charges | 60/66A | €4,209,049 | €3,985,664 | -€223,386 | -5.3% |
| Goods for resale, raw materials and consumables | 60 | €3,029,877 | €2,994,533 | -€35,344 | -1.2% |
| Purchases | 600/8 | €3,025,063 | €2,993,283 | -€31,780 | -1.1% |
| Change in stocks: decrease (increase) | 609 | €4,814 | €1,250 | -€3,564 | -74.0% |
| Services and other goods | 61 | €594,092 | €505,315 | -€88,777 | -14.9% |
| Remuneration, social security and pensions | 62 | €453,625 | €386,685 | -€66,940 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,141 | €65,256 | -€22,885 | -26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,800 | €0 | +€5,800 | |
| Other operating charges | 640/8 | €49,116 | €33,875 | -€15,241 | -31.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €108,845 | €238,435 | +€129,590 | +119.1% |
| Financial income | 75/76B | €19,980 | €23,399 | +€3,419 | +17.1% |
| Recurring financial income | 75 | €19,980 | €23,399 | +€3,419 | +17.1% |
| Income from financial fixed assets | 750 | €60 | €4 | -€56 | -92.6% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €19,920 | €23,394 | +€3,475 | +17.4% |
| Financial charges | 65/66B | €4,283 | €8,627 | +€4,343 | +101.4% |
| Recurring financial charges | 65 | €4,283 | €8,627 | +€4,343 | +101.4% |
| Debt charges | 650 | €0 | €4,955 | +€4,955 | |
| Other financial charges | 652/9 | €4,283 | €3,672 | -€612 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €124,542 | €253,207 | +€128,666 | +103.3% |
| Income taxes | 67/77 | €32,057 | €65,346 | +€33,289 | +103.8% |
| Taxes | 670/3 | €32,057 | €65,346 | +€33,289 | +103.8% |
| Profit (loss) for the period | 9904 | €92,485 | €187,861 | +€95,376 | +103.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €92,485 | €187,861 | +€95,376 | +103.1% |
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 10 October 2026 via checked.be.