URBI: 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.
URBI
Largest movements
- Stocks and contracts +€34,418
up €34,418 (+16.5%), from €208,775 to €243,194
- Receivables within one year +€23,887
up €23,887 (+30.5%), from €78,324 to €102,211
of which Other amounts receivable: +€37,531
- Tangible fixed assets +€10,653
up €10,653 (+33.7%), from €31,636 to €42,290
of which Plant, machinery and equipment: +€11,415
- Deferred charges and accrued income +€10,342
up €10,342 (+44.5%), from €23,255 to €33,597
- Debts after one year +€87,516
new in 2026: €87,516
- Trade debts -€18,583
down €18,583 (-14.6%), from €127,325 to €108,741
- Profit (loss) carried forward -€9,356
down €9,356 (-32.6%), from -€28,711 to -€38,067
- Current portion of long-term debt +€8,822
new in 2026: €8,822
- Tax, wage and social debts +€7,627
up €7,627 (+28.0%), from €27,201 to €34,827
of which Taxes: +€6,014
- Staff costs +€21,382
up €21,382 (+12.9%), from €166,109 to €187,491
- Gross operating margin +€11,682
up €11,682 (+6.2%), from €189,630 to €201,312
- Depreciation +€5,341
up €5,341 (+105%), from €5,064 to €10,405
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,871 | €440,869 | +€75,998 | +20.8% |
| Fixed assets | 21/28 | €31,636 | €42,290 | +€10,653 | +33.7% |
| Tangible fixed assets | 22/27 | €31,636 | €42,290 | +€10,653 | +33.7% |
| Plant, machinery and equipment | 23 | €24,224 | €35,638 | +€11,415 | +47.1% |
| Other tangible fixed assets | 26 | €7,412 | €6,651 | -€761 | -10.3% |
| Current assets | 29/58 | €333,235 | €398,579 | +€65,344 | +19.6% |
| Stocks and contracts in progress | 3 | €208,775 | €243,194 | +€34,418 | +16.5% |
| Stocks | 30/36 | €208,775 | €243,194 | +€34,418 | +16.5% |
| Amounts receivable within one year | 40/41 | €78,324 | €102,211 | +€23,887 | +30.5% |
| Trade receivables | 40 | €30,814 | €17,170 | -€13,644 | -44.3% |
| Other amounts receivable | 41 | €47,510 | €85,041 | +€37,531 | +79.0% |
| Cash at bank and in hand | 54/58 | €22,881 | €19,578 | -€3,303 | -14.4% |
| Deferred charges and accrued income | 490/1 | €23,255 | €33,597 | +€10,342 | +44.5% |
| Total equity and liabilities | 10/49 | €364,871 | €440,869 | +€75,998 | +20.8% |
| Equity | 10/15 | €39,007 | €29,651 | -€9,356 | -24.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €5,218 | €5,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,218 | €5,218 | = | 0.0% |
| Legal reserve | 130 | €5,218 | €5,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,711 | -€38,067 | -€9,356 | -32.6% |
| Amounts payable | 17/49 | €325,864 | €411,218 | +€85,354 | +26.2% |
| Amounts payable after more than one year | 17 | - | €87,516 | +€87,516 | |
| Financial debts | 170/4 | - | €87,516 | +€87,516 | |
| Amounts payable within one year | 42/48 | €324,945 | €322,810 | -€2,135 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,822 | +€8,822 | |
| Financial debts | 43 | €170,000 | €170,000 | = | 0.0% |
| Credit institutions | 430/8 | €170,000 | €170,000 | = | 0.0% |
| Trade debts | 44 | €127,325 | €108,741 | -€18,583 | -14.6% |
| Suppliers | 440/4 | €127,325 | €108,741 | -€18,583 | -14.6% |
| Taxes, remuneration and social security | 45 | €27,201 | €34,827 | +€7,627 | +28.0% |
| Taxes | 450/3 | €252 | €6,266 | +€6,014 | +2,389% |
| Remuneration and social security | 454/9 | €26,949 | €28,562 | +€1,613 | +6.0% |
| Other amounts payable | 47/48 | €420 | €420 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €918 | €891 | -€27 | -3.0% |
| Remuneration, social security and pensions | 62 | €166,109 | €187,491 | +€21,382 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,064 | €10,405 | +€5,341 | +105% |
| Other operating charges | 640/8 | €1,327 | €1,139 | -€188 | -14.2% |
| Gross operating margin | 9900 | €189,630 | €201,312 | +€11,682 | +6.2% |
| Operating profit (loss) | 9901 | €17,130 | €2,277 | -€14,853 | -86.7% |
| Financial income | 75/76B | €1,731 | €1,381 | -€350 | -20.2% |
| Recurring financial income | 75 | €1,731 | €1,381 | -€350 | -20.2% |
| Financial charges | 65/66B | €14,940 | €13,014 | -€1,926 | -12.9% |
| Recurring financial charges | 65 | €14,940 | €13,014 | -€1,926 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €3,920 | -€9,356 | -€13,277 | |
| Income taxes | 67/77 | €65 | - | -€65 | |
| Profit (loss) for the period | 9904 | €3,856 | -€9,356 | -€13,212 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,856 | -€9,356 | -€13,212 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.