URMETZ: 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.
URMETZ
Largest movements
- Cash -€106,294
down €106,294 (-83.2%), from €127,744 to €21,450
mainly Investment in fixed assets (net) (-€145,295) and Tax, wage and social debts (-€65,942)
- Receivables within one year +€52,783
up €52,783 (+27.9%), from €189,149 to €241,932
of which Trade receivables: +€56,776
- Tangible fixed assets -€36,996
down €36,996 (-6.8%), from €544,274 to €507,278
of which Leasing and similar rights: -€157,869
- Deferred charges and accrued income -€24,120
down €24,120 (-87.9%), from €27,434 to €3,313
- Tax, wage and social debts -€65,942
down €65,942 (-47.6%), from €138,392 to €72,451
of which Remuneration and social security: -€50,324
- Profit (loss) carried forward +€57,819
up €57,819 (+28.0%), from -€206,681 to -€148,863
- Debts after one year -€53,983
down €53,983 (-19.6%), from €275,426 to €221,444
of which Financial debts: -€47,026
- Current portion of long-term debt -€40,269
down €40,269 (-22.0%), from €183,286 to €143,017
- Gross operating margin -€228,824
down €228,824 (-22.8%), from €1.0m to €776,900
- Staff costs -€83,173
down €83,173 (-14.7%), from €567,153 to €483,981
- Financial charges -€10,399
down €10,399 (-51.9%), from €20,048 to €9,649
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 | €950,734 | €835,981 | -€114,753 | -12.1% |
| Fixed assets | 21/28 | €605,340 | €568,220 | -€37,121 | -6.1% |
| Intangible fixed assets | 21 | €124 | €0 | -€124 | -100.0% |
| Tangible fixed assets | 22/27 | €544,274 | €507,278 | -€36,996 | -6.8% |
| Land and buildings | 22 | €18,091 | €11,957 | -€6,133 | -33.9% |
| Plant, machinery and equipment | 23 | €39,491 | €51,184 | +€11,693 | +29.6% |
| Furniture and vehicles | 24 | €28,444 | €143,757 | +€115,314 | +405.4% |
| Leasing and similar rights | 25 | €458,249 | €300,379 | -€157,869 | -34.5% |
| Financial fixed assets | 28 | €60,942 | €60,942 | = | 0.0% |
| Current assets | 29/58 | €345,394 | €267,761 | -€77,632 | -22.5% |
| Amounts receivable within one year | 40/41 | €189,149 | €241,932 | +€52,783 | +27.9% |
| Trade receivables | 40 | €168,516 | €225,292 | +€56,776 | +33.7% |
| Other amounts receivable | 41 | €20,633 | €16,640 | -€3,994 | -19.4% |
| Current investments | 50/53 | €1,067 | €1,067 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,744 | €21,450 | -€106,294 | -83.2% |
| Deferred charges and accrued income | 490/1 | €27,434 | €3,313 | -€24,120 | -87.9% |
| Total equity and liabilities | 10/49 | €950,734 | €835,981 | -€114,753 | -12.1% |
| Equity | 10/15 | €171,568 | €224,767 | +€53,199 | +31.0% |
| Contributions | 10/11 | €359,000 | €359,000 | = | 0.0% |
| Capital | 10 | €359,000 | €359,000 | = | 0.0% |
| Issued capital | 100 | €359,000 | €359,000 | = | 0.0% |
| Reserves | 13 | €19,249 | €14,629 | -€4,620 | -24.0% |
| Non-distributable reserves | 130/1 | €14,629 | €14,629 | = | 0.0% |
| Legal reserve | 130 | €7,936 | €7,936 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,693 | €6,693 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,620 | - | -€4,620 | |
| Profit (loss) carried forward | 14 | -€206,681 | -€148,863 | +€57,819 | +28.0% |
| Provisions and deferred taxes | 16 | €2,380 | - | -€2,380 | |
| Deferred taxes | 168 | €2,380 | - | -€2,380 | |
| Amounts payable | 17/49 | €776,786 | €611,214 | -€165,571 | -21.3% |
| Amounts payable after more than one year | 17 | €275,426 | €221,444 | -€53,983 | -19.6% |
| Financial debts | 170/4 | €88,013 | €40,987 | -€47,026 | -53.4% |
| Other amounts payable | 178/9 | €187,413 | €180,456 | -€6,957 | -3.7% |
| Amounts payable within one year | 42/48 | €501,359 | €389,771 | -€111,589 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €183,286 | €143,017 | -€40,269 | -22.0% |
| Trade debts | 44 | €179,681 | €174,303 | -€5,378 | -3.0% |
| Suppliers | 440/4 | €179,681 | €174,303 | -€5,378 | -3.0% |
| Taxes, remuneration and social security | 45 | €138,392 | €72,451 | -€65,942 | -47.6% |
| Taxes | 450/3 | €29,777 | €14,159 | -€15,617 | -52.4% |
| Remuneration and social security | 454/9 | €108,616 | €58,291 | -€50,324 | -46.3% |
| Remuneration, social security and pensions | 62 | €567,153 | €483,981 | -€83,173 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,352 | €182,416 | +€6,064 | +3.4% |
| Other operating charges | 640/8 | €42,200 | €42,270 | +€70 | +0.2% |
| Non-recurring operating charges | 66A | €2,430 | €7,590 | +€5,160 | +212.3% |
| Gross operating margin | 9900 | €1,005,724 | €776,900 | -€228,824 | -22.8% |
| Operating profit (loss) | 9901 | €217,589 | €60,644 | -€156,945 | -72.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €20,048 | €9,649 | -€10,399 | -51.9% |
| Recurring financial charges | 65 | €20,048 | €9,649 | -€10,399 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €197,543 | €50,995 | -€146,548 | -74.2% |
| Transfer from deferred taxes | 780 | €2,380 | €2,380 | = | 0.0% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | €199,783 | €53,199 | -€146,585 | -73.4% |
| Transfer from tax-exempt reserves | 789 | €4,620 | €4,620 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €204,403 | €57,819 | -€146,585 | -71.7% |
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 12 October 2026 via checked.be.