URMAR: 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.
URMAR
Largest movements
- Receivables within one year -€305,685
no longer reported in 2025 (was €305,685)
- Receivables after one year +€300,000
new in 2025: €300,000
- Tangible fixed assets +€167,576
up €167,576 (+96.2%), from €174,202 to €341,778
of which Land and buildings: +€167,576
- Cash -€60,335
down €60,335 (-52.3%), from €115,268 to €54,933
mainly Receivables after one year (-€300,000) and Investment in fixed assets (net) (-€200,000)
- Other debts +€169,785
up €169,785 (+625.0%), from €27,167 to €196,952
- Profit (loss) carried forward -€54,843
down €54,843 (-12.4%), from €443,491 to €388,648
- Trade debts -€13,386
no longer reported in 2025 (was €13,386)
- Depreciation +€25,000
up €25,000 (+336.7%), from €7,424 to €32,424
- Other operating charges +€5,995
up €5,995 (+131.2%), from €4,569 to €10,564
- Gross operating margin -€584
down €584 (-5.1%), from -€11,373 to -€11,957
- Taxes +€344
new in 2025: €344
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 | €601,243 | €702,799 | +€101,556 | +16.9% |
| Fixed assets | 21/28 | €174,378 | €341,954 | +€167,576 | +96.1% |
| Tangible fixed assets | 22/27 | €174,202 | €341,778 | +€167,576 | +96.2% |
| Land and buildings | 22 | €99,834 | €267,410 | +€167,576 | +167.9% |
| Other tangible fixed assets | 26 | €74,368 | €74,368 | = | 0.0% |
| Financial fixed assets | 28 | €176 | €176 | = | 0.0% |
| Current assets | 29/58 | €426,865 | €360,845 | -€66,020 | -15.5% |
| Amounts receivable after more than one year | 29 | - | €300,000 | +€300,000 | |
| Other amounts receivable | 291 | - | €300,000 | +€300,000 | |
| Amounts receivable within one year | 40/41 | €305,685 | - | -€305,685 | |
| Other amounts receivable | 41 | €305,685 | - | -€305,685 | |
| Cash at bank and in hand | 54/58 | €115,268 | €54,933 | -€60,335 | -52.3% |
| Deferred charges and accrued income | 490/1 | €5,912 | €5,912 | = | 0.0% |
| Total equity and liabilities | 10/49 | €601,243 | €702,799 | +€101,556 | +16.9% |
| Equity | 10/15 | €560,690 | €505,847 | -€54,843 | -9.8% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | - | -€105,355 | |
| Issued capital | 100 | €105,355 | - | -€105,355 | |
| Reserves | 13 | €11,844 | €11,844 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | - | -€10,535 | |
| Reserves not available under the articles | 1311 | - | €10,535 | +€10,535 | |
| Distributable reserves | 133 | €1,309 | €1,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443,491 | €388,648 | -€54,843 | -12.4% |
| Amounts payable | 17/49 | €40,553 | €196,952 | +€156,399 | +385.7% |
| Amounts payable within one year | 42/48 | €40,553 | €196,952 | +€156,399 | +385.7% |
| Trade debts | 44 | €13,386 | - | -€13,386 | |
| Suppliers | 440/4 | €13,386 | - | -€13,386 | |
| Other amounts payable | 47/48 | €27,167 | €196,952 | +€169,785 | +625.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,424 | €32,424 | +€25,000 | +336.7% |
| Other operating charges | 640/8 | €4,569 | €10,564 | +€5,995 | +131.2% |
| Gross operating margin | 9900 | -€11,373 | -€11,957 | -€584 | -5.1% |
| Operating profit (loss) | 9901 | -€23,366 | -€54,945 | -€31,579 | -135.1% |
| Financial income | 75/76B | €590 | €500 | -€90 | -15.3% |
| Recurring financial income | 75 | €590 | €500 | -€90 | -15.3% |
| Non-recurring financial income | 76B | - | €500 | +€500 | |
| Financial charges | 65/66B | €52 | €54 | +€2 | +3.8% |
| Recurring financial charges | 65 | €52 | €54 | +€2 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,828 | -€54,499 | -€31,671 | -138.7% |
| Income taxes | 67/77 | - | €344 | +€344 | |
| Profit (loss) for the period | 9904 | -€22,828 | -€54,843 | -€32,015 | -140.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,828 | -€54,843 | -€32,015 | -140.2% |
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 2 October 2026 via checked.be.