URGKA: 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.
URGKA
Largest movements
- Cash +€113,799
up €113,799 (+1,958%), from €5,812 to €119,610
mainly Net result for the year (+€162,748) and Deferred charges and accrued income (+€26,314)
- Receivables within one year +€84,920
up €84,920 (+184%), from €46,032 to €130,952
- Deferred charges and accrued income -€26,314
no longer reported in 2025 (was €26,314)
- Tangible fixed assets -€9,048
down €9,048 (-29.2%), from €31,029 to €21,981
of which Furniture and vehicles: -€9,079
- Current investments +€6,508
new in 2025: €6,508
- Reserves +€162,748
up €162,748 (+208%), from €78,382 to €241,130
- Current portion of long-term debt +€23,047
new in 2025: €23,047
- Tax, wage and social debts -€10,134
down €10,134 (-51.1%), from €19,844 to €9,710
- Other debts -€8,000
no longer reported in 2025 (was €8,000)
- Gross operating margin +€112,015
up €112,015 (+103%), from €108,878 to €220,893
- Taxes +€29,866
up €29,866 (+151%), from €19,844 to €49,710
- Depreciation +€8,969
up €8,969 (+291%), from €3,083 to €12,052
- Financial income +€3,426
up €3,426 (+245%), from €1,398 to €4,824
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.
Derived cash bridge
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 | €109,186 | €279,052 | +€169,866 | +156% |
| Fixed assets | 21/28 | €31,029 | €21,981 | -€9,048 | -29.2% |
| Tangible fixed assets | 22/27 | €31,029 | €21,981 | -€9,048 | -29.2% |
| Land and buildings | 22 | €7,077 | €7,108 | +€31 | +0.4% |
| Furniture and vehicles | 24 | €23,952 | €14,873 | -€9,079 | -37.9% |
| Current assets | 29/58 | €78,157 | €257,071 | +€178,913 | +229% |
| Amounts receivable within one year | 40/41 | €46,032 | €130,952 | +€84,920 | +184% |
| Other amounts receivable | 41 | €46,032 | €130,952 | +€84,920 | +184% |
| Current investments | 50/53 | - | €6,508 | +€6,508 | |
| Cash at bank and in hand | 54/58 | €5,812 | €119,610 | +€113,799 | +1,958% |
| Deferred charges and accrued income | 490/1 | €26,314 | - | -€26,314 | |
| Total equity and liabilities | 10/49 | €109,186 | €279,052 | +€169,866 | +156% |
| Equity | 10/15 | €80,382 | €243,130 | +€162,748 | +202% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €78,382 | €241,130 | +€162,748 | +208% |
| Distributable reserves | 133 | €78,382 | €241,130 | +€162,748 | +208% |
| Amounts payable | 17/49 | €28,805 | €35,922 | +€7,118 | +24.7% |
| Amounts payable within one year | 42/48 | €28,805 | €35,922 | +€7,118 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | - | €23,047 | +€23,047 | |
| Trade debts | 44 | €960 | €3,165 | +€2,205 | +230% |
| Suppliers | 440/4 | €960 | €3,165 | +€2,205 | +230% |
| Taxes, remuneration and social security | 45 | €19,844 | €9,710 | -€10,134 | -51.1% |
| Taxes | 450/3 | €19,844 | €9,710 | -€10,134 | -51.1% |
| Other amounts payable | 47/48 | €8,000 | - | -€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,083 | €12,052 | +€8,969 | +291% |
| Other operating charges | 640/8 | €889 | €659 | -€230 | -25.9% |
| Gross operating margin | 9900 | €108,878 | €220,893 | +€112,015 | +103% |
| Operating profit (loss) | 9901 | €104,906 | €208,183 | +€103,277 | +98.4% |
| Financial income | 75/76B | €1,398 | €4,824 | +€3,426 | +245% |
| Recurring financial income | 75 | €1,398 | €4,824 | +€3,426 | +245% |
| Financial charges | 65/66B | €79 | €549 | +€471 | +599% |
| Recurring financial charges | 65 | €79 | €549 | +€471 | +599% |
| Profit (loss) for the period before taxes | 9903 | €106,226 | €212,458 | +€106,232 | +100% |
| Income taxes | 67/77 | €19,844 | €49,710 | +€29,866 | +151% |
| Profit (loss) for the period | 9904 | €86,382 | €162,748 | +€76,366 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,382 | €162,748 | +€76,366 | +88.4% |
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 15 October 2026 via checked.be.