URBION: what changed
Two fiscal 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
URBION
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€246,088
2024 · -€281,625+€35,537
Equity
€2.0m
2024 · €2.2m-€246,088
Cash
€8,181
2024 · €101,214-€93,033
Balance sheet total
€21.9m
2024 · €15.9m+€6.0m
Largest movements
Assets
- Stocks and contracts +€6.1m
up €6.1m (+111.3%), from €5.5m to €11.6m
- Receivables within one year +€446,467
up €446,467 (+4.7%), from €9.6m to €10.0m
of which Other amounts receivable: +€4.6m
- Deferred charges and accrued income -€376,421
down €376,421 (-90.6%), from €415,471 to €39,050
Equity and liabilities
- Current portion of long-term debt +€4.5m
up €4.5m (+227.8%), from €2.0m to €6.4m
- Other debts +€1.8m
up €1.8m (+50.1%), from €3.7m to €5.5m
- Trade debts -€381,659
down €381,659 (-4.8%), from €7.9m to €7.5m
- Accrued charges and deferred income +€333,622
new in 2025: €333,622
- Profit (loss) carried forward -€246,088
down €246,088 (-15.1%), from -€1.6m to -€1.9m
Income statement
- Turnover -€4.2m
no longer reported in 2025 (was €4.2m)
- Goods and materials -€3.7m
no longer reported in 2025 (was €3.7m)
- Services and other goods -€2.5m
no longer reported in 2025 (was €2.5m)
- Other operating income -€1.5m
no longer reported in 2025 (was €1.5m)
- Gross operating margin +€601,472
new in 2025: €601,472
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
-€281,625
Turnover
-€4.2m
Other operating income
-€1.5m
Goods and materials
+€3.7m
Services and other goods
+€2.5m
Staff costs
-€13,469
Depreciation
+€1,556
Other operating charges
+€1,485
Other operating items
+€108,707
Financial income
-€43,218
Financial charges
-€448,971
Taxes
+€14,705
Result 2025
-€246,088
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
-€4.6m
Investment
-€2,040
Financing
+€4.5m
Cash 2024
€101,214
From operations (derived)
-€4.6m
Net result for the year
-€246,088
Depreciation
+€39,656
Smaller working-capital items
-€2,970
Stocks and contracts
-€6.1m
Receivables within one year
-€446,467
Deferred charges and accrued income
+€376,421
Trade debts
-€381,659
Other debts
+€1.8m
Accrued charges and deferred income
+€333,622
Investment (derived)
-€2,040
Investment in fixed assets (net)
-€2,040
Financing
+€4.5m
Current portion of long-term debt
+€4.5m
Contributions, distributions and other
-€0
Cash 2025
€8,181
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,910,132 | €21,932,242 | +€6.0m | +37.9% |
| Fixed assets | 21/28 | €373,092 | €335,476 | -€37,616 | -10.1% |
| Tangible fixed assets | 22/27 | €373,092 | €333,437 | -€39,655 | -10.6% |
| Land and buildings | 22 | €362,330 | €329,478 | -€32,852 | -9.1% |
| Plant, machinery and equipment | 23 | €6,026 | €2,382 | -€3,644 | -60.5% |
| Furniture and vehicles | 24 | €4,736 | €1,577 | -€3,159 | -66.7% |
| Financial fixed assets | 28 | - | €2,040 | +€2,040 | |
| Current assets | 29/58 | €15,537,040 | €21,596,765 | +€6.1m | +39.0% |
| Amounts receivable after more than one year | 29 | €2,040 | €0 | -€2,040 | -100.0% |
| Trade receivables | 290 | €2,040 | €0 | -€2,040 | -100.0% |
| Stocks and contracts in progress | 3 | €5,467,665 | €11,552,417 | +€6.1m | +111.3% |
| Contracts in progress | 37 | €5,467,665 | €11,552,417 | +€6.1m | +111.3% |
| Amounts receivable within one year | 40/41 | €9,550,650 | €9,997,117 | +€446,467 | +4.7% |
| Trade receivables | 40 | €8,218,121 | €4,034,819 | -€4.2m | -50.9% |
| Other amounts receivable | 41 | €1,332,529 | €5,962,298 | +€4.6m | +347.4% |
| Cash at bank and in hand | 54/58 | €101,214 | €8,181 | -€93,033 | -91.9% |
| Deferred charges and accrued income | 490/1 | €415,471 | €39,050 | -€376,421 | -90.6% |
| Total equity and liabilities | 10/49 | €15,910,132 | €21,932,242 | +€6.0m | +37.9% |
| Equity | 10/15 | €2,224,597 | €1,978,509 | -€246,088 | -11.1% |
| Contributions | 10/11 | €3,857,160 | €3,857,160 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,632,563 | -€1,878,651 | -€246,088 | -15.1% |
| Provisions and deferred taxes | 16 | €75,000 | €75,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €75,000 | = | 0.0% |
| Environmental obligations | 163 | €75,000 | €0 | -€75,000 | -100.0% |
| Other liabilities and charges | 164/5 | - | €75,000 | +€75,000 | |
| Amounts payable | 17/49 | €13,610,535 | €19,878,733 | +€6.3m | +46.1% |
| Amounts payable within one year | 42/48 | €13,610,535 | €19,545,111 | +€5.9m | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €1,965,726 | €6,442,800 | +€4.5m | +227.8% |
| Trade debts | 44 | €7,926,813 | €7,545,155 | -€381,659 | -4.8% |
| Suppliers | 440/4 | €7,926,813 | €7,545,155 | -€381,659 | -4.8% |
| Taxes, remuneration and social security | 45 | €39,402 | €34,392 | -€5,010 | -12.7% |
| Taxes | 450/3 | €884 | €0 | -€884 | -100.0% |
| Remuneration and social security | 454/9 | €38,518 | €34,392 | -€4,126 | -10.7% |
| Other amounts payable | 47/48 | €3,678,594 | €5,522,764 | +€1.8m | +50.1% |
| Accrued charges and deferred income | 492/3 | - | €333,622 | +€333,622 | |
| Operating income | 70/76A | €6,250,764 | - | -€6.3m | |
| Turnover | 70 | €4,211,146 | - | -€4.2m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €492,765 | - | -€492,765 | |
| Other operating income | 74 | €1,546,853 | - | -€1.5m | |
| Operating charges | 60/66A | €6,481,377 | - | -€6.5m | |
| Goods for resale, raw materials and consumables | 60 | €3,672,607 | - | -€3.7m | |
| Purchases | 600/8 | €3,672,607 | - | -€3.7m | |
| Services and other goods | 61 | €2,500,134 | - | -€2.5m | |
| Remuneration, social security and pensions | 62 | €262,211 | €275,680 | +€13,469 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,212 | €39,656 | -€1,556 | -3.8% |
| Other operating charges | 640/8 | €5,213 | €3,728 | -€1,485 | -28.5% |
| Gross operating margin | 9900 | - | €601,472 | +€601,472 | |
| Operating profit (loss) | 9901 | -€230,613 | €282,408 | +€513,021 | |
| Financial income | 75/76B | €97,523 | €54,305 | -€43,218 | -44.3% |
| Recurring financial income | 75 | €97,122 | €54,305 | -€42,817 | -44.1% |
| Other financial income | 752/9 | €97,122 | - | -€97,122 | |
| Non-recurring financial income | 76B | €401 | €0 | -€401 | -100.0% |
| Financial charges | 65/66B | €133,830 | €582,801 | +€448,971 | +335.5% |
| Recurring financial charges | 65 | €133,830 | €582,801 | +€448,971 | +335.5% |
| Debt charges | 650 | €133,830 | - | -€133,830 | |
| Profit (loss) for the period before taxes | 9903 | -€266,920 | -€246,088 | +€20,832 | +7.8% |
| Income taxes | 67/77 | €14,705 | -€0 | -€14,705 | |
| Taxes | 670/3 | €14,705 | - | -€14,705 | |
| Profit (loss) for the period | 9904 | -€281,625 | -€246,088 | +€35,537 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€281,625 | -€246,088 | +€35,537 | +12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.