URGE2CODE: 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.
URGE2CODE
Largest movements
- Cash -€50,005
down €50,005 (-49.3%), from €101,516 to €51,511
mainly Net result for the year (-€26,058) and Other debts (-€23,999)
- Tangible fixed assets -€15,004
down €15,004 (-30.2%), from €49,635 to €34,631
- Receivables within one year -€11,841
down €11,841 (-29.9%), from €39,649 to €27,808
of which Trade receivables: -€22,494
- Profit (loss) carried forward -€26,058
down €26,058, from €984 to -€25,074
- Other debts -€23,999
down €23,999 (-78.4%), from €30,619 to €6,619
- Debts after one year -€14,487
down €14,487 (-62.2%), from €23,280 to €8,793
- Trade debts -€7,363
down €7,363 (-55.9%), from €13,163 to €5,801
- Tax, wage and social debts -€5,976
no longer reported in 2025 (was €5,976)
- Gross operating margin -€61,848
down €61,848, from €54,458 to -€7,390
- Taxes -€10,845
down €10,845 (-92.0%), from €11,791 to €946
- Financial charges -€2,386
down €2,386 (-55.5%), from €4,297 to €1,910
- Depreciation -€1,422
down €1,422 (-8.7%), from €16,426 to €15,004
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 | €193,373 | €116,071 | -€77,302 | -40.0% |
| Fixed assets | 21/28 | €49,660 | €34,656 | -€15,004 | -30.2% |
| Tangible fixed assets | 22/27 | €49,635 | €34,631 | -€15,004 | -30.2% |
| Furniture and vehicles | 24 | €49,635 | €34,631 | -€15,004 | -30.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €143,713 | €81,415 | -€62,297 | -43.3% |
| Amounts receivable within one year | 40/41 | €39,649 | €27,808 | -€11,841 | -29.9% |
| Trade receivables | 40 | €33,846 | €11,352 | -€22,494 | -66.5% |
| Other amounts receivable | 41 | €5,803 | €16,456 | +€10,653 | +183.6% |
| Cash at bank and in hand | 54/58 | €101,516 | €51,511 | -€50,005 | -49.3% |
| Deferred charges and accrued income | 490/1 | €2,548 | €2,097 | -€451 | -17.7% |
| Total equity and liabilities | 10/49 | €193,373 | €116,071 | -€77,302 | -40.0% |
| Equity | 10/15 | €106,411 | €80,353 | -€26,058 | -24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,227 | €99,227 | = | 0.0% |
| Distributable reserves | 133 | €99,227 | €99,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | €984 | -€25,074 | -€26,058 | |
| Amounts payable | 17/49 | €86,962 | €35,718 | -€51,244 | -58.9% |
| Amounts payable after more than one year | 17 | €23,280 | €8,793 | -€14,487 | -62.2% |
| Financial debts | 170/4 | €23,280 | €8,793 | -€14,487 | -62.2% |
| Amounts payable within one year | 42/48 | €63,536 | €26,907 | -€36,629 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €13,778 | €14,487 | +€709 | +5.1% |
| Trade debts | 44 | €13,163 | €5,801 | -€7,363 | -55.9% |
| Suppliers | 440/4 | €13,163 | €5,801 | -€7,363 | -55.9% |
| Taxes, remuneration and social security | 45 | €5,976 | - | -€5,976 | |
| Taxes | 450/3 | €5,976 | - | -€5,976 | |
| Other amounts payable | 47/48 | €30,619 | €6,619 | -€23,999 | -78.4% |
| Accrued charges and deferred income | 492/3 | €146 | €18 | -€128 | -88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,426 | €15,004 | -€1,422 | -8.7% |
| Other operating charges | 640/8 | €884 | €808 | -€77 | -8.7% |
| Gross operating margin | 9900 | €54,458 | -€7,390 | -€61,848 | |
| Operating profit (loss) | 9901 | €37,147 | -€23,202 | -€60,349 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €4,297 | €1,910 | -€2,386 | -55.5% |
| Recurring financial charges | 65 | €4,297 | €1,910 | -€2,386 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €32,850 | -€25,112 | -€57,962 | |
| Income taxes | 67/77 | €11,791 | €946 | -€10,845 | -92.0% |
| Profit (loss) for the period | 9904 | €21,059 | -€26,058 | -€47,117 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,059 | -€26,058 | -€47,117 |
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 9 October 2026 via checked.be.