URGIMAX: 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.
URGIMAX
Largest movements
- Receivables within one year -€158,844
down €158,844 (-94.2%), from €168,631 to €9,787
- Receivables after one year -€100,000
down €100,000 (-41.4%), from €241,536 to €141,536
- Current investments +€17,234
up €17,234 (+16.6%), from €104,041 to €121,276
- Reserves -€228,562
down €228,562 (-45.1%), from €506,743 to €278,181
- Other debts -€13,696
down €13,696 (-12.5%), from €109,666 to €95,971
- Short-term financial debts -€12,909
down €12,909 (-100.0%), from €12,909 to €0
- Gross operating margin +€47,331
up €47,331 (+48.6%), from €97,410 to €144,741
- Taxes +€14,680
up €14,680 (+52.9%), from €27,754 to €42,435
- Financial income -€2,693
down €2,693 (-39.1%), from €6,890 to €4,197
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 | €645,806 | €393,506 | -€252,300 | -39.1% |
| Fixed assets | 21/28 | €2,504 | €1,132 | -€1,372 | -54.8% |
| Tangible fixed assets | 22/27 | €2,504 | €1,132 | -€1,372 | -54.8% |
| Plant, machinery and equipment | 23 | €2,504 | €1,132 | -€1,372 | -54.8% |
| Current assets | 29/58 | €643,302 | €392,374 | -€250,928 | -39.0% |
| Amounts receivable after more than one year | 29 | €241,536 | €141,536 | -€100,000 | -41.4% |
| Other amounts receivable | 291 | €241,536 | €141,536 | -€100,000 | -41.4% |
| Amounts receivable within one year | 40/41 | €168,631 | €9,787 | -€158,844 | -94.2% |
| Other amounts receivable | 41 | €168,631 | €9,787 | -€158,844 | -94.2% |
| Current investments | 50/53 | €104,041 | €121,276 | +€17,234 | +16.6% |
| Cash at bank and in hand | 54/58 | €106,675 | €102,449 | -€4,226 | -4.0% |
| Deferred charges and accrued income | 490/1 | €22,419 | €17,326 | -€5,093 | -22.7% |
| Total equity and liabilities | 10/49 | €645,806 | €393,506 | -€252,300 | -39.1% |
| Equity | 10/15 | €519,143 | €290,581 | -€228,562 | -44.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €506,743 | €278,181 | -€228,562 | -45.1% |
| Distributable reserves | 133 | €506,743 | €278,181 | -€228,562 | -45.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,663 | €102,925 | -€23,738 | -18.7% |
| Amounts payable within one year | 42/48 | €126,278 | €102,925 | -€23,353 | -18.5% |
| Financial debts | 43 | €12,909 | €0 | -€12,909 | -100.0% |
| Other loans | 439 | €12,909 | €0 | -€12,909 | -100.0% |
| Trade debts | 44 | €2,732 | €3,096 | +€364 | +13.3% |
| Suppliers | 440/4 | €2,732 | €3,096 | +€364 | +13.3% |
| Taxes, remuneration and social security | 45 | €970 | €3,858 | +€2,888 | +297.7% |
| Taxes | 450/3 | €970 | €3,858 | +€2,888 | +297.7% |
| Other amounts payable | 47/48 | €109,666 | €95,971 | -€13,696 | -12.5% |
| Accrued charges and deferred income | 492/3 | €385 | €0 | -€385 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,372 | €1,372 | = | 0.0% |
| Other operating charges | 640/8 | €1,018 | €1,254 | +€236 | +23.2% |
| Gross operating margin | 9900 | €97,410 | €144,741 | +€47,331 | +48.6% |
| Operating profit (loss) | 9901 | €95,020 | €142,115 | +€47,095 | +49.6% |
| Financial income | 75/76B | €6,890 | €4,197 | -€2,693 | -39.1% |
| Recurring financial income | 75 | €6,890 | €4,197 | -€2,693 | -39.1% |
| Financial charges | 65/66B | €1,278 | €1,969 | +€691 | +54.1% |
| Recurring financial charges | 65 | €1,278 | €1,969 | +€691 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €100,633 | €144,343 | +€43,711 | +43.4% |
| Income taxes | 67/77 | €27,754 | €42,435 | +€14,680 | +52.9% |
| Profit (loss) for the period | 9904 | €72,879 | €101,909 | +€29,030 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,879 | €101,909 | +€29,030 | +39.8% |
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 6 October 2026 via checked.be.