URMI: 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.
URMI
Largest movements
- Receivables after one year +€81,500
new in 2025: €81,500
- Receivables within one year -€28,298
down €28,298 (-67.8%), from €41,755 to €13,457
of which Trade receivables: -€28,180
- Cash +€15,918
up €15,918 (+59.9%), from €26,586 to €42,504
mainly Net result for the year (+€80,425) and Receivables within one year (+€28,298)
- Tangible fixed assets +€1,777
up €1,777 (+4.9%), from €36,359 to €38,136
of which Land and buildings: +€3,851
- Profit (loss) carried forward +€79,592
new in 2025: €79,592
- Tax, wage and social debts -€12,653
down €12,653 (-78.8%), from €16,062 to €3,409
of which Taxes: -€12,653
- Other debts +€3,051
up €3,051 (+123%), from €2,474 to €5,525
- Gross operating margin -€19,614
down €19,614 (-14.8%), from €132,401 to €112,787
- Taxes -€11,706
down €11,706 (-35.2%), from €33,282 to €21,576
- Depreciation -€2,013
down €2,013 (-16.8%), from €11,961 to €9,948
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.
Derived cash bridge
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 | €105,892 | €176,471 | +€70,579 | +66.7% |
| Formation expenses | 20 | €344 | - | -€344 | |
| Fixed assets | 21/28 | €36,359 | €38,136 | +€1,777 | +4.9% |
| Tangible fixed assets | 22/27 | €36,359 | €38,136 | +€1,777 | +4.9% |
| Land and buildings | 22 | €32,045 | €35,895 | +€3,851 | +12.0% |
| Furniture and vehicles | 24 | €4,314 | €2,240 | -€2,073 | -48.1% |
| Current assets | 29/58 | €69,190 | €138,335 | +€69,145 | +99.9% |
| Amounts receivable after more than one year | 29 | - | €81,500 | +€81,500 | |
| Other amounts receivable | 291 | - | €81,500 | +€81,500 | |
| Amounts receivable within one year | 40/41 | €41,755 | €13,457 | -€28,298 | -67.8% |
| Trade receivables | 40 | €31,495 | €3,315 | -€28,180 | -89.5% |
| Other amounts receivable | 41 | €10,260 | €10,142 | -€118 | -1.1% |
| Cash at bank and in hand | 54/58 | €26,586 | €42,504 | +€15,918 | +59.9% |
| Deferred charges and accrued income | 490/1 | €849 | €874 | +€25 | +3.0% |
| Total equity and liabilities | 10/49 | €105,892 | €176,471 | +€70,579 | +66.7% |
| Equity | 10/15 | €86,419 | €166,011 | +€79,592 | +92.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,419 | €85,419 | = | 0.0% |
| Distributable reserves | 133 | €85,419 | €85,419 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €79,592 | +€79,592 | |
| Amounts payable | 17/49 | €19,474 | €10,461 | -€9,013 | -46.3% |
| Amounts payable within one year | 42/48 | €19,474 | €10,461 | -€9,013 | -46.3% |
| Trade debts | 44 | €938 | €1,527 | +€589 | +62.8% |
| Suppliers | 440/4 | €938 | €1,527 | +€589 | +62.8% |
| Taxes, remuneration and social security | 45 | €16,062 | €3,409 | -€12,653 | -78.8% |
| Taxes | 450/3 | €14,362 | €1,709 | -€12,653 | -88.1% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €2,474 | €5,525 | +€3,051 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,961 | €9,948 | -€2,013 | -16.8% |
| Other operating charges | 640/8 | €916 | €939 | +€23 | +2.5% |
| Gross operating margin | 9900 | €132,401 | €112,787 | -€19,614 | -14.8% |
| Operating profit (loss) | 9901 | €119,525 | €101,901 | -€17,624 | -14.7% |
| Financial income | 75/76B | - | €203 | +€203 | |
| Recurring financial income | 75 | - | €203 | +€203 | |
| Financial charges | 65/66B | €24 | €103 | +€79 | +327% |
| Recurring financial charges | 65 | €24 | €103 | +€79 | +327% |
| Profit (loss) for the period before taxes | 9903 | €119,501 | €102,001 | -€17,500 | -14.6% |
| Income taxes | 67/77 | €33,282 | €21,576 | -€11,706 | -35.2% |
| Profit (loss) for the period | 9904 | €86,219 | €80,425 | -€5,794 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,219 | €80,425 | -€5,794 | -6.7% |
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 15 October 2026 via checked.be.