URBINO: 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.
URBINO
Largest movements
- Tangible fixed assets +€216,288
up €216,288 (+1,215%), from €17,807 to €234,095
of which Land and buildings: +€215,702
- Cash +€176,610
up €176,610 (+368%), from €47,935 to €224,544
mainly Net result for the year (+€305,850) and Other debts (+€147,599)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Other debts +€147,599
up €147,599 (+86.4%), from €170,792 to €318,391
- Trade debts +€107,319
up €107,319 (+1,281%), from €8,378 to €115,697
- Tax, wage and social debts +€41,126
up €41,126 (+300%), from €13,722 to €54,848
- Gross operating margin +€206,550
up €206,550 (+101%), from €204,499 to €411,048
- Taxes +€51,998
up €51,998 (+113%), from €46,122 to €98,120
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,662 | €490,957 | +€296,295 | +152% |
| Fixed assets | 21/28 | €17,807 | €234,095 | +€216,288 | +1,215% |
| Tangible fixed assets | 22/27 | €17,807 | €234,095 | +€216,288 | +1,215% |
| Land and buildings | 22 | €84 | €215,786 | +€215,702 | +256,942% |
| Plant, machinery and equipment | 23 | €17,405 | €15,514 | -€1,891 | -10.9% |
| Furniture and vehicles | 24 | €318 | €2,795 | +€2,477 | +778% |
| Current assets | 29/58 | €176,855 | €256,862 | +€80,007 | +45.2% |
| Amounts receivable within one year | 40/41 | €24,675 | €27,812 | +€3,137 | +12.7% |
| Trade receivables | 40 | €24,675 | €25,759 | +€1,084 | +4.4% |
| Other amounts receivable | 41 | €0 | €2,053 | +€2,053 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €47,935 | €224,544 | +€176,610 | +368% |
| Deferred charges and accrued income | 490/1 | €4,246 | €4,506 | +€260 | +6.1% |
| Total equity and liabilities | 10/49 | €194,662 | €490,957 | +€296,295 | +152% |
| Equity | 10/15 | €1,770 | €1,820 | +€50 | +2.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €770 | €820 | +€50 | +6.5% |
| Tax-exempt reserves | 132 | €770 | €770 | = | 0.0% |
| Distributable reserves | 133 | - | €50 | +€50 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €192,892 | €489,137 | +€296,245 | +154% |
| Amounts payable within one year | 42/48 | €192,892 | €488,937 | +€296,045 | +153% |
| Trade debts | 44 | €8,378 | €115,697 | +€107,319 | +1,281% |
| Suppliers | 440/4 | €8,378 | €115,697 | +€107,319 | +1,281% |
| Taxes, remuneration and social security | 45 | €13,722 | €54,848 | +€41,126 | +300% |
| Taxes | 450/3 | €13,722 | €54,848 | +€41,126 | +300% |
| Other amounts payable | 47/48 | €170,792 | €318,391 | +€147,599 | +86.4% |
| Accrued charges and deferred income | 492/3 | €0 | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,915 | €3,797 | -€117 | -3.0% |
| Other operating charges | 640/8 | €1,607 | €1,385 | -€221 | -13.8% |
| Gross operating margin | 9900 | €204,499 | €411,048 | +€206,550 | +101% |
| Operating profit (loss) | 9901 | €198,977 | €405,866 | +€206,889 | +104% |
| Financial income | 75/76B | €201 | €575 | +€374 | +186% |
| Recurring financial income | 75 | €201 | €575 | +€374 | +186% |
| Financial charges | 65/66B | €2,800 | €2,471 | -€329 | -11.7% |
| Recurring financial charges | 65 | €2,800 | €2,471 | -€329 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €196,378 | €403,970 | +€207,592 | +106% |
| Income taxes | 67/77 | €46,122 | €98,120 | +€51,998 | +113% |
| Profit (loss) for the period | 9904 | €150,256 | €305,850 | +€155,594 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €150,256 | €305,850 | +€155,594 | +104% |
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 19 October 2026 via checked.be.