URGE: 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.
URGE
Largest movements
- Receivables within one year -€6,685
down €6,685 (-66.2%), from €10,097 to €3,412
of which Trade receivables: -€4,307
- Tangible fixed assets +€2,607
up €2,607 (+279.3%), from €934 to €3,541
of which Plant, machinery and equipment: +€3,139
- Deferred charges and accrued income -€869
down €869 (-85.7%), from €1,013 to €145
- Cash +€333
up €333 (+3.8%), from €8,843 to €9,176
mainly Net result for the year (+€8,669) and Receivables within one year (+€6,685)
- Reserves -€6,331
down €6,331 (-38.2%), from €16,576 to €10,245
- Trade debts +€891
up €891 (+91.3%), from €976 to €1,867
- Tax, wage and social debts +€688
up €688 (+204.8%), from €336 to €1,024
- Gross operating margin +€12,041
up €12,041 (+462.8%), from €2,602 to €14,643
- Taxes +€2,352
up €2,352 (+700.0%), from €336 to €2,688
- Financial charges +€833
up €833 (+67.5%), from €1,235 to €2,067
- Depreciation +€756
up €756 (+585.2%), from €129 to €885
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,888 | €16,274 | -€4,613 | -22.1% |
| Fixed assets | 21/28 | €934 | €3,541 | +€2,607 | +279.3% |
| Tangible fixed assets | 22/27 | €934 | €3,541 | +€2,607 | +279.3% |
| Plant, machinery and equipment | 23 | - | €3,139 | +€3,139 | |
| Furniture and vehicles | 24 | €934 | €402 | -€531 | -56.9% |
| Current assets | 29/58 | €19,954 | €12,733 | -€7,221 | -36.2% |
| Amounts receivable within one year | 40/41 | €10,097 | €3,412 | -€6,685 | -66.2% |
| Trade receivables | 40 | €6,754 | €2,448 | -€4,307 | -63.8% |
| Other amounts receivable | 41 | €3,343 | €964 | -€2,379 | -71.2% |
| Cash at bank and in hand | 54/58 | €8,843 | €9,176 | +€333 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,013 | €145 | -€869 | -85.7% |
| Total equity and liabilities | 10/49 | €20,888 | €16,274 | -€4,613 | -22.1% |
| Equity | 10/15 | €19,576 | €13,245 | -€6,331 | -32.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,576 | €10,245 | -€6,331 | -38.2% |
| Distributable reserves | 133 | €16,576 | €10,245 | -€6,331 | -38.2% |
| Amounts payable | 17/49 | €1,312 | €3,030 | +€1,718 | +130.9% |
| Amounts payable after more than one year | 17 | - | €139 | +€139 | |
| Other amounts payable | 178/9 | - | €139 | +€139 | |
| Amounts payable within one year | 42/48 | €1,312 | €2,891 | +€1,579 | +120.4% |
| Trade debts | 44 | €976 | €1,867 | +€891 | +91.3% |
| Suppliers | 440/4 | €976 | €1,867 | +€891 | +91.3% |
| Taxes, remuneration and social security | 45 | €336 | €1,024 | +€688 | +204.8% |
| Taxes | 450/3 | €336 | €1,024 | +€688 | +204.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129 | €885 | +€756 | +585.2% |
| Other operating charges | 640/8 | €453 | €333 | -€121 | -26.6% |
| Gross operating margin | 9900 | €2,602 | €14,643 | +€12,041 | +462.8% |
| Operating profit (loss) | 9901 | €2,019 | €13,424 | +€11,405 | +564.9% |
| Financial charges | 65/66B | €1,235 | €2,067 | +€833 | +67.5% |
| Recurring financial charges | 65 | €1,235 | €2,067 | +€833 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €785 | €11,357 | +€10,572 | +1347.5% |
| Income taxes | 67/77 | €336 | €2,688 | +€2,352 | +700.0% |
| Profit (loss) for the period | 9904 | €449 | €8,669 | +€8,220 | +1832.4% |
| Profit (loss) for the period to be appropriated | 9905 | €449 | €8,669 | +€8,220 | +1832.4% |
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 8 October 2026 via checked.be.