URM: 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.
URM
Largest movements
- Cash +€42,431
up €42,431 (+488.3%), from €8,690 to €51,120
mainly Net result for the year (+€106,953) and Depreciation (+€20,140)
- Tangible fixed assets -€16,245
down €16,245 (-4.9%), from €329,647 to €313,402
of which Land and buildings: -€15,993
- Receivables within one year +€10,146
up €10,146 (+45.3%), from €22,400 to €32,546
of which Trade receivables: +€10,806
- Profit (loss) carried forward +€54,991
up €54,991, from -€54,991 to €0
- Reserves +€51,962
up €51,962 (+109.1%), from €47,648 to €99,610
- Trade debts -€49,947
down €49,947 (-99.4%), from €50,266 to €319
- Debts after one year -€23,878
down €23,878 (-10.5%), from €226,665 to €202,787
- Tax, wage and social debts +€5,320
up €5,320 (+323.4%), from €1,645 to €6,965
- Gross operating margin +€153,716
up €153,716 (+1685.0%), from €9,123 to €162,838
- Taxes +€16,507
up €16,507 (+5839.8%), from €283 to €16,790
- Staff costs +€3,178
up €3,178 (+55.5%), from €5,725 to €8,903
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 | €374,600 | €411,359 | +€36,759 | +9.8% |
| Fixed assets | 21/28 | €330,662 | €314,417 | -€16,245 | -4.9% |
| Tangible fixed assets | 22/27 | €329,647 | €313,402 | -€16,245 | -4.9% |
| Land and buildings | 22 | €310,641 | €294,647 | -€15,993 | -5.1% |
| Plant, machinery and equipment | 23 | €16,085 | €16,537 | +€452 | +2.8% |
| Furniture and vehicles | 24 | €2,921 | €2,217 | -€703 | -24.1% |
| Financial fixed assets | 28 | €1,015 | €1,015 | = | 0.0% |
| Current assets | 29/58 | €43,939 | €96,942 | +€53,004 | +120.6% |
| Stocks and contracts in progress | 3 | €12,072 | €12,546 | +€474 | +3.9% |
| Stocks | 30/36 | €12,072 | €12,546 | +€474 | +3.9% |
| Amounts receivable within one year | 40/41 | €22,400 | €32,546 | +€10,146 | +45.3% |
| Trade receivables | 40 | €16,291 | €27,097 | +€10,806 | +66.3% |
| Other amounts receivable | 41 | €6,108 | €5,449 | -€660 | -10.8% |
| Cash at bank and in hand | 54/58 | €8,690 | €51,120 | +€42,431 | +488.3% |
| Deferred charges and accrued income | 490/1 | €777 | €730 | -€47 | -6.1% |
| Total equity and liabilities | 10/49 | €374,600 | €411,359 | +€36,759 | +9.8% |
| Equity | 10/15 | -€1,143 | €105,810 | +€106,953 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,648 | €99,610 | +€51,962 | +109.1% |
| Distributable reserves | 133 | €47,648 | €99,610 | +€51,962 | +109.1% |
| Profit (loss) carried forward | 14 | -€54,991 | €0 | +€54,991 | |
| Amounts payable | 17/49 | €375,743 | €305,549 | -€70,194 | -18.7% |
| Amounts payable after more than one year | 17 | €226,665 | €202,787 | -€23,878 | -10.5% |
| Financial debts | 170/4 | €226,665 | €202,787 | -€23,878 | -10.5% |
| Amounts payable within one year | 42/48 | €142,420 | €98,413 | -€44,007 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €23,629 | €23,878 | +€249 | +1.1% |
| Trade debts | 44 | €50,266 | €319 | -€49,947 | -99.4% |
| Suppliers | 440/4 | €50,266 | €319 | -€49,947 | -99.4% |
| Taxes, remuneration and social security | 45 | €1,645 | €6,965 | +€5,320 | +323.4% |
| Taxes | 450/3 | €1,645 | €6,965 | +€5,320 | +323.4% |
| Other amounts payable | 47/48 | €66,881 | €67,252 | +€371 | +0.6% |
| Accrued charges and deferred income | 492/3 | €6,657 | €4,348 | -€2,309 | -34.7% |
| Remuneration, social security and pensions | 62 | €5,725 | €8,903 | +€3,178 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,913 | €20,140 | -€774 | -3.7% |
| Other operating charges | 640/8 | €806 | €880 | +€74 | +9.2% |
| Gross operating margin | 9900 | €9,123 | €162,838 | +€153,716 | +1685.0% |
| Operating profit (loss) | 9901 | -€18,321 | €132,916 | +€151,237 | |
| Financial income | 75/76B | €520 | €322 | -€198 | -38.1% |
| Recurring financial income | 75 | €520 | €322 | -€198 | -38.1% |
| Financial charges | 65/66B | €10,190 | €9,496 | -€694 | -6.8% |
| Recurring financial charges | 65 | €10,190 | €9,496 | -€694 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,991 | €123,742 | +€151,734 | |
| Income taxes | 67/77 | €283 | €16,790 | +€16,507 | +5839.8% |
| Profit (loss) for the period | 9904 | -€28,274 | €106,953 | +€135,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,274 | €106,953 | +€135,227 |
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 8 October 2026 via checked.be.