URBICOON: 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
URBICOON
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€34,560
2024 · €5.9m-€5.8m
Equity
€23.2m
2024 · €23.1m+€34,560
Cash
€86,974
2024 · €745,812-€658,838
Balance sheet total
€43.5m
2024 · €38.9m+€4.6m
Largest movements
Assets
- Financial fixed assets +€9.5m
up €9.5m (+32.5%), from €29.2m to €38.7m
of which Affiliated companies: +€8.5m
- Receivables within one year -€4.8m
down €4.8m (-70.1%), from €6.9m to €2.1m
of which Trade receivables: -€5.1m
- Cash -€658,838
down €658,838 (-88.3%), from €745,812 to €86,974
mainly Investment in fixed assets (net) (-€9.5m) and Deferred charges and accrued income (-€621,225)
- Deferred charges and accrued income +€621,225
up €621,225 (+34.7%), from €1.8m to €2.4m
Equity and liabilities
- Debts after one year +€4.0m
up €4.0m (+29.0%), from €13.8m to €17.8m
Income statement
- Financial income -€6.8m
down €6.8m (-87.0%), from €7.8m to €1.0m
of which Financial income: -€5.2m
- Financial charges -€665,134
down €665,134 (-48.0%), from €1.4m to €721,674
of which Financial charges: -€522,697
- Services and other goods -€493,852
down €493,852 (-9.9%), from €5.0m to €4.5m
- Turnover -€217,473
down €217,473 (-4.5%), from €4.9m to €4.7m
- Staff costs +€56,451
up €56,451 (+14.8%), from €380,876 to €437,327
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
€5.9m
Turnover
-€217,473
Other operating income
+€36,931
Services and other goods
+€493,852
Staff costs
-€56,451
Depreciation
+€5,558
Other operating charges
-€1,642
Financial income
-€6.8m
Financial charges
+€665,134
Taxes
+€116
Result 2025
€34,560
raises the resultlowers the result
Derived cash bridge
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
+€4.8m
Investment
-€9.5m
Financing
+€4.0m
Cash 2024
€745,812
From operations (derived)
+€4.8m
Net result for the year
+€34,560
Depreciation
+€12,907
Receivables within one year
+€4.8m
Deferred charges and accrued income
-€621,225
Trade debts
+€212,260
Smaller working-capital items
+€4,620
Accrued charges and deferred income
+€364,515
Investment (derived)
-€9.5m
Investment in fixed assets (net)
-€9.5m
Financing
+€4.0m
Debts after one year
+€4.0m
Cash 2025
€86,974
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,865,683 | €43,470,758 | +€4.6m | +11.8% |
| Fixed assets | 21/28 | €29,427,749 | €38,910,580 | +€9.5m | +32.2% |
| Tangible fixed assets | 22/27 | €222,763 | €209,856 | -€12,907 | -5.8% |
| Land and buildings | 22 | €209,235 | €204,050 | -€5,184 | -2.5% |
| Furniture and vehicles | 24 | €4,128 | €2,612 | -€1,516 | -36.7% |
| Other tangible fixed assets | 26 | €9,400 | €3,194 | -€6,206 | -66.0% |
| Financial fixed assets | 28 | €29,204,986 | €38,700,724 | +€9.5m | +32.5% |
| Affiliated companies | 280/1 | €10,385,429 | €18,835,583 | +€8.5m | +81.4% |
| Participating interests | 280 | €2,730,385 | €2,730,385 | = | 0.0% |
| Amounts receivable | 281 | €7,655,044 | €16,105,198 | +€8.5m | +110% |
| Companies linked by participating interests | 282/3 | €17,241,295 | €18,287,790 | +€1.0m | +6.1% |
| Participating interests | 282 | €5,141,875 | €5,141,875 | = | 0.0% |
| Amounts receivable | 283 | €12,099,420 | €13,145,915 | +€1.0m | +8.6% |
| Other financial fixed assets | 284/8 | €1,578,262 | €1,577,351 | -€911 | -0.1% |
| Amounts receivable and cash guarantees | 285/8 | €1,578,262 | €1,577,351 | -€911 | -0.1% |
| Current assets | 29/58 | €9,437,935 | €4,560,178 | -€4.9m | -51.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €6,902,356 | €2,062,212 | -€4.8m | -70.1% |
| Trade receivables | 40 | €6,896,909 | €1,840,643 | -€5.1m | -73.3% |
| Other amounts receivable | 41 | €5,447 | €221,569 | +€216,122 | +3,968% |
| Cash at bank and in hand | 54/58 | €745,812 | €86,974 | -€658,838 | -88.3% |
| Deferred charges and accrued income | 490/1 | €1,789,767 | €2,410,992 | +€621,225 | +34.7% |
| Total equity and liabilities | 10/49 | €38,865,683 | €43,470,758 | +€4.6m | +11.8% |
| Equity | 10/15 | €23,131,996 | €23,166,556 | +€34,560 | +0.1% |
| Contributions | 10/11 | €3,622,222 | €3,622,222 | = | 0.0% |
| Capital | 10 | €3,622,222 | €3,622,222 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Uncalled capital | 101 | €1,377,778 | €1,377,778 | = | 0.0% |
| Reserves | 13 | €19,509,774 | €19,544,334 | +€34,560 | +0.2% |
| Non-distributable reserves | 130/1 | €500,000 | €500,000 | = | 0.0% |
| Legal reserve | 130 | €500,000 | €500,000 | = | 0.0% |
| Distributable reserves | 133 | €19,009,774 | €19,044,334 | +€34,560 | +0.2% |
| Amounts payable | 17/49 | €15,733,687 | €20,304,201 | +€4.6m | +29.0% |
| Amounts payable after more than one year | 17 | €13,777,046 | €17,766,165 | +€4.0m | +29.0% |
| Financial debts | 170/4 | €13,777,046 | €17,766,165 | +€4.0m | +29.0% |
| Credit institutions | 173 | €2,762,500 | €2,762,500 | = | 0.0% |
| Other loans | 174 | €11,014,546 | €15,003,665 | +€4.0m | +36.2% |
| Amounts payable within one year | 42/48 | €1,551,991 | €1,768,870 | +€216,880 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,491,408 | €1,703,668 | +€212,260 | +14.2% |
| Suppliers | 440/4 | €1,491,408 | €1,703,668 | +€212,260 | +14.2% |
| Advances received on contracts in progress | 46 | €3,750 | €500 | -€3,250 | -86.7% |
| Taxes, remuneration and social security | 45 | €46,445 | €54,702 | +€8,258 | +17.8% |
| Taxes | 450/3 | €1,378 | €4,138 | +€2,760 | +200% |
| Remuneration and social security | 454/9 | €45,066 | €50,564 | +€5,498 | +12.2% |
| Other amounts payable | 47/48 | €10,388 | €10,000 | -€388 | -3.7% |
| Accrued charges and deferred income | 492/3 | €404,651 | €769,166 | +€364,515 | +90.1% |
| Operating income | 70/76A | €4,910,850 | €4,730,309 | -€180,542 | -3.7% |
| Turnover | 70 | €4,879,875 | €4,662,402 | -€217,473 | -4.5% |
| Other operating income | 74 | €30,975 | €67,907 | +€36,931 | +119% |
| Operating charges | 60/66A | €5,421,160 | €4,979,843 | -€441,317 | -8.1% |
| Services and other goods | 61 | €4,972,898 | €4,479,047 | -€493,852 | -9.9% |
| Remuneration, social security and pensions | 62 | €380,876 | €437,327 | +€56,451 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,465 | €12,907 | -€5,558 | -30.1% |
| Other operating charges | 640/8 | €48,922 | €50,563 | +€1,642 | +3.4% |
| Operating profit (loss) | 9901 | -€510,310 | -€249,535 | +€260,775 | +51.1% |
| Financial income | 75/76B | €7,765,730 | €1,006,601 | -€6.8m | -87.0% |
| Recurring financial income | 75 | €6,252,230 | €1,006,601 | -€5.2m | -83.9% |
| Income from financial fixed assets | 750 | €6,245,346 | €1,006,601 | -€5.2m | -83.9% |
| Other financial income | 752/9 | €6,884 | €0 | -€6,884 | -100% |
| Non-recurring financial income | 76B | €1,513,500 | €0 | -€1.5m | -100% |
| Financial charges | 65/66B | €1,386,808 | €721,674 | -€665,134 | -48.0% |
| Recurring financial charges | 65 | €1,244,371 | €721,674 | -€522,697 | -42.0% |
| Debt charges | 650 | €1,147,079 | €653,866 | -€493,213 | -43.0% |
| Other financial charges | 652/9 | €97,292 | €67,808 | -€29,484 | -30.3% |
| Non-recurring financial charges | 66B | €142,438 | €0 | -€142,438 | -100% |
| Profit (loss) for the period before taxes | 9903 | €5,868,612 | €35,393 | -€5.8m | -99.4% |
| Income taxes | 67/77 | €948 | €832 | -€116 | -12.2% |
| Taxes | 670/3 | €948 | €834 | -€114 | -12.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €5,867,664 | €34,560 | -€5.8m | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,867,664 | €34,560 | -€5.8m | -99.4% |
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 31 October 2026 via checked.be.