URGON: 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.
URGON
Largest movements
- Receivables within one year -€127,628
down €127,628 (-96.7%), from €131,985 to €4,358
of which Other amounts receivable: -€117,843
- Current investments +€100,000
new in 2025: €100,000
- Cash -€39,640
down €39,640 (-21.6%), from €183,405 to €143,764
mainly Contributions, distributions and other (-€300,000) and Current investments (-€100,000)
- Intangible fixed assets -€21,000
down €21,000 (-13.1%), from €160,118 to €139,118
- Tangible fixed assets -€9,591
down €9,591 (-77.2%), from €12,425 to €2,834
- Profit (loss) carried forward -€242,729
down €242,729 (-71.1%), from €341,543 to €98,815
- Other debts +€122,802
new in 2025: €122,802
- Tax, wage and social debts +€45,000
new in 2025: €45,000
- Debts after one year -€27,002
down €27,002 (-22.8%), from €118,235 to €91,233
- Financial charges +€46,507
up €46,507 (+1555.5%), from €2,990 to €49,497
- Gross operating margin +€28,777
up €28,777 (+23.7%), from €121,663 to €150,439
- Taxes -€2,532
down €2,532 (-13.4%), from €18,892 to €16,360
- Depreciation -€1,885
down €1,885 (-5.8%), from €32,475 to €30,591
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 | €488,581 | €391,733 | -€96,848 | -19.8% |
| Fixed assets | 21/28 | €172,543 | €141,952 | -€30,591 | -17.7% |
| Intangible fixed assets | 21 | €160,118 | €139,118 | -€21,000 | -13.1% |
| Tangible fixed assets | 22/27 | €12,425 | €2,834 | -€9,591 | -77.2% |
| Furniture and vehicles | 24 | €12,425 | €2,834 | -€9,591 | -77.2% |
| Current assets | 29/58 | €316,038 | €249,781 | -€66,257 | -21.0% |
| Amounts receivable within one year | 40/41 | €131,985 | €4,358 | -€127,628 | -96.7% |
| Trade receivables | 40 | €10,742 | €958 | -€9,784 | -91.1% |
| Other amounts receivable | 41 | €121,243 | €3,400 | -€117,843 | -97.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €183,405 | €143,764 | -€39,640 | -21.6% |
| Deferred charges and accrued income | 490/1 | €648 | €1,659 | +€1,011 | +155.9% |
| Total equity and liabilities | 10/49 | €488,581 | €391,733 | -€96,848 | -19.8% |
| Equity | 10/15 | €343,543 | €100,815 | -€242,729 | -70.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341,543 | €98,815 | -€242,729 | -71.1% |
| Amounts payable | 17/49 | €145,038 | €290,918 | +€145,880 | +100.6% |
| Amounts payable after more than one year | 17 | €118,235 | €91,233 | -€27,002 | -22.8% |
| Financial debts | 170/4 | €118,235 | €91,233 | -€27,002 | -22.8% |
| Amounts payable within one year | 42/48 | €26,803 | €199,685 | +€172,882 | +645.0% |
| Current portion of amounts payable after more than one year | 42 | €26,514 | €27,002 | +€488 | +1.8% |
| Trade debts | 44 | €289 | €92 | -€197 | -68.3% |
| Suppliers | 440/4 | €289 | €92 | -€197 | -68.3% |
| Advances received on contracts in progress | 46 | - | €4,790 | +€4,790 | |
| Taxes, remuneration and social security | 45 | - | €45,000 | +€45,000 | |
| Taxes | 450/3 | - | €45,000 | +€45,000 | |
| Other amounts payable | 47/48 | - | €122,802 | +€122,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,475 | €30,591 | -€1,885 | -5.8% |
| Other operating charges | 640/8 | €604 | €467 | -€137 | -22.7% |
| Gross operating margin | 9900 | €121,663 | €150,439 | +€28,777 | +23.7% |
| Operating profit (loss) | 9901 | €88,583 | €119,381 | +€30,798 | +34.8% |
| Financial income | 75/76B | €2,293 | €3,747 | +€1,455 | +63.4% |
| Recurring financial income | 75 | €2,293 | €3,747 | +€1,455 | +63.4% |
| Financial charges | 65/66B | €2,990 | €49,497 | +€46,507 | +1555.5% |
| Recurring financial charges | 65 | €2,990 | €49,497 | +€46,507 | +1555.5% |
| Profit (loss) for the period before taxes | 9903 | €87,886 | €73,631 | -€14,255 | -16.2% |
| Income taxes | 67/77 | €18,892 | €16,360 | -€2,532 | -13.4% |
| Profit (loss) for the period | 9904 | €68,994 | €57,271 | -€11,723 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,994 | €57,271 | -€11,723 | -17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.