URGYN: 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.
URGYN
Largest movements
- Cash +€57,224
up €57,224 (+33.4%), from €171,361 to €228,585
mainly Net result for the year (+€149,021) and Other debts (+€92,775)
- Tangible fixed assets -€6,896
down €6,896 (-3.6%), from €192,920 to €186,025
of which Land and buildings: -€6,500
- Receivables within one year +€6,525
new in 2026: €6,525
- Other debts +€92,775
up €92,775 (+154%), from €60,404 to €153,179
- Reserves -€35,000
down €35,000 (-10.9%), from €321,000 to €286,000
- Gross operating margin -€33,816
down €33,816 (-14.4%), from €235,484 to €201,667
- Other operating charges -€24,395
down €24,395 (-99.0%), from €24,648 to €254
- Taxes -€5,928
down €5,928 (-12.0%), from €49,403 to €43,475
- Depreciation +€3,721
up €3,721 (+117%), from €3,175 to €6,896
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,672 | €486,315 | +€60,643 | +14.2% |
| Fixed assets | 21/28 | €193,025 | €186,130 | -€6,896 | -3.6% |
| Tangible fixed assets | 22/27 | €192,920 | €186,025 | -€6,896 | -3.6% |
| Land and buildings | 22 | €192,525 | €186,025 | -€6,500 | -3.4% |
| Furniture and vehicles | 24 | €396 | - | -€396 | |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €232,647 | €300,185 | +€67,538 | +29.0% |
| Amounts receivable within one year | 40/41 | - | €6,525 | +€6,525 | |
| Other amounts receivable | 41 | - | €6,525 | +€6,525 | |
| Cash at bank and in hand | 54/58 | €171,361 | €228,585 | +€57,224 | +33.4% |
| Deferred charges and accrued income | 490/1 | €61,286 | €65,075 | +€3,789 | +6.2% |
| Total equity and liabilities | 10/49 | €425,672 | €486,315 | +€60,643 | +14.2% |
| Equity | 10/15 | €329,272 | €293,293 | -€35,979 | -10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €321,000 | €286,000 | -€35,000 | -10.9% |
| Distributable reserves | 133 | €321,000 | €286,000 | -€35,000 | -10.9% |
| Profit (loss) carried forward | 14 | €3,272 | €2,293 | -€979 | -29.9% |
| Amounts payable | 17/49 | €96,400 | €193,022 | +€96,622 | +100% |
| Amounts payable within one year | 42/48 | €96,400 | €193,022 | +€96,622 | +100% |
| Trade debts | 44 | €1,844 | €6,543 | +€4,700 | +255% |
| Suppliers | 440/4 | €1,844 | €6,543 | +€4,700 | +255% |
| Taxes, remuneration and social security | 45 | €34,153 | €33,300 | -€853 | -2.5% |
| Taxes | 450/3 | €34,153 | €33,300 | -€853 | -2.5% |
| Other amounts payable | 47/48 | €60,404 | €153,179 | +€92,775 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,175 | €6,896 | +€3,721 | +117% |
| Other operating charges | 640/8 | €24,648 | €254 | -€24,395 | -99.0% |
| Gross operating margin | 9900 | €235,484 | €201,667 | -€33,816 | -14.4% |
| Operating profit (loss) | 9901 | €207,661 | €194,518 | -€13,142 | -6.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,998 | €2,024 | -€975 | -32.5% |
| Recurring financial charges | 65 | €2,998 | €2,024 | -€975 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €204,662 | €192,496 | -€12,167 | -5.9% |
| Income taxes | 67/77 | €49,403 | €43,475 | -€5,928 | -12.0% |
| Profit (loss) for the period | 9904 | €155,260 | €149,021 | -€6,239 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €155,260 | €149,021 | -€6,239 | -4.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.