URBINVEST: what changed
URBINVEST
Largest movements
- Receivables within one year +€82,151
up €82,151 (+47.9%), from €171,392 to €253,543
of which Other amounts receivable: +€82,064
- Deferred charges and accrued income -€74,058
down €74,058 (-99.2%), from €74,626 to €568
- Cash -€55,572
down €55,572 (-45.2%), from €122,893 to €67,321
mainly Receivables within one year (-€82,151) and Other debts (-€64,628)
- Other debts -€64,628
down €64,628 (-83.6%), from €77,262 to €12,633
- Profit (loss) carried forward +€23,628
up €23,628 (+2.0%), from -€1.2m to -€1.2m
- Accrued charges and deferred income -€7,136
no longer reported in 2025 (was €7,136)
- Other operating charges -€152,060
down €152,060 (-97.9%), from €155,284 to €3,224
- Gross operating margin +€13,197
up €13,197 (+159%), from €8,295 to €21,491
- Financial income -€9,371
down €9,371 (-60.8%), from €15,423 to €6,052
- Financial charges -€2,155
down €2,155 (-86.4%), from €2,494 to €339
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,306 | €326,649 | -€47,657 | -12.7% |
| Fixed assets | 21/28 | €396 | €217 | -€178 | -45.1% |
| Tangible fixed assets | 22/27 | €396 | €217 | -€178 | -45.1% |
| Furniture and vehicles | 24 | €396 | €217 | -€178 | -45.1% |
| Current assets | 29/58 | €373,910 | €326,432 | -€47,479 | -12.7% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €171,392 | €253,543 | +€82,151 | +47.9% |
| Trade receivables | 40 | €53,193 | €53,281 | +€87 | +0.2% |
| Other amounts receivable | 41 | €118,199 | €200,262 | +€82,064 | +69.4% |
| Cash at bank and in hand | 54/58 | €122,893 | €67,321 | -€55,572 | -45.2% |
| Deferred charges and accrued income | 490/1 | €74,626 | €568 | -€74,058 | -99.2% |
| Total equity and liabilities | 10/49 | €374,306 | €326,649 | -€47,657 | -12.7% |
| Equity | 10/15 | €289,188 | €312,817 | +€23,628 | +8.2% |
| Contributions | 10/11 | €1,354,839 | €1,354,839 | = | 0.0% |
| Capital | 10 | €1,354,839 | €1,354,839 | = | 0.0% |
| Issued capital | 100 | €1,354,839 | €1,354,839 | = | 0.0% |
| Reserves | 13 | €135,484 | €135,484 | = | 0.0% |
| Non-distributable reserves | 130/1 | €135,484 | €135,484 | = | 0.0% |
| Legal reserve | 130 | €135,484 | €135,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,201,135 | -€1,177,506 | +€23,628 | +2.0% |
| Amounts payable | 17/49 | €85,118 | €13,832 | -€71,286 | -83.7% |
| Amounts payable within one year | 42/48 | €77,981 | €13,832 | -€64,149 | -82.3% |
| Trade debts | 44 | €719 | €972 | +€253 | +35.1% |
| Suppliers | 440/4 | €719 | €972 | +€253 | +35.1% |
| Taxes, remuneration and social security | 45 | - | €227 | +€227 | |
| Taxes | 450/3 | - | €227 | +€227 | |
| Other amounts payable | 47/48 | €77,262 | €12,633 | -€64,628 | -83.6% |
| Accrued charges and deferred income | 492/3 | €7,136 | - | -€7,136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €178 | +€39 | +28.0% |
| Other operating charges | 640/8 | €155,284 | €3,224 | -€152,060 | -97.9% |
| Gross operating margin | 9900 | €8,295 | €21,491 | +€13,197 | +159% |
| Operating profit (loss) | 9901 | -€147,128 | €18,090 | +€165,218 | |
| Financial income | 75/76B | €15,423 | €6,052 | -€9,371 | -60.8% |
| Recurring financial income | 75 | €15,423 | €6,052 | -€9,371 | -60.8% |
| Financial charges | 65/66B | €2,494 | €339 | -€2,155 | -86.4% |
| Recurring financial charges | 65 | €2,494 | €339 | -€2,155 | -86.4% |
| Profit (loss) for the period before taxes | 9903 | -€134,199 | €23,803 | +€158,002 | |
| Income taxes | 67/77 | €164 | €174 | +€10 | +6.1% |
| Profit (loss) for the period | 9904 | -€134,363 | €23,628 | +€157,992 | |
| Profit (loss) for the period to be appropriated | 9905 | -€134,363 | €23,628 | +€157,992 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.