URO.D.: 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.
URO.D.
Largest movements
- Cash -€72,182
down €72,182 (-11.4%), from €634,293 to €562,111
mainly Contributions, distributions and other (-€250,000) and Investment in fixed assets (net) (-€31,500)
- Tangible fixed assets +€25,745
up €25,745 (+78.0%), from €33,024 to €58,768
of which Plant, machinery and equipment: +€25,062
- Deferred charges and accrued income -€22,076
down €22,076 (-33.6%), from €65,683 to €43,608
- Reserves -€100,000
down €100,000 (-7.8%), from €1.3m to €1.2m
of which Distributable reserves: -€100,000
- Profit (loss) carried forward +€28,406
up €28,406 (+10.7%), from €264,439 to €292,845
- Gross operating margin -€91,165
down €91,165 (-24.6%), from €371,109 to €279,944
- Taxes -€47,302
down €47,302 (-44.8%), from €105,610 to €58,308
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 | €1,571,608 | €1,505,651 | -€65,957 | -4.2% |
| Fixed assets | 21/28 | €90,784 | €116,529 | +€25,745 | +28.4% |
| Tangible fixed assets | 22/27 | €33,024 | €58,768 | +€25,745 | +78.0% |
| Land and buildings | 22 | €20,048 | €22,181 | +€2,133 | +10.6% |
| Plant, machinery and equipment | 23 | €1,809 | €26,872 | +€25,062 | +1385.1% |
| Furniture and vehicles | 24 | €11,166 | €9,715 | -€1,451 | -13.0% |
| Financial fixed assets | 28 | €57,761 | €57,761 | = | 0.0% |
| Current assets | 29/58 | €1,480,824 | €1,389,122 | -€91,702 | -6.2% |
| Amounts receivable within one year | 40/41 | €848 | €3,404 | +€2,556 | +301.5% |
| Trade receivables | 40 | €848 | - | -€848 | |
| Other amounts receivable | 41 | - | €3,404 | +€3,404 | |
| Current investments | 50/53 | €780,000 | €780,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €634,293 | €562,111 | -€72,182 | -11.4% |
| Deferred charges and accrued income | 490/1 | €65,683 | €43,608 | -€22,076 | -33.6% |
| Total equity and liabilities | 10/49 | €1,571,608 | €1,505,651 | -€65,957 | -4.2% |
| Equity | 10/15 | €1,548,508 | €1,476,914 | -€71,594 | -4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,277,869 | €1,177,869 | -€100,000 | -7.8% |
| Tax-exempt reserves | 132 | €56,009 | €56,009 | = | 0.0% |
| Distributable reserves | 133 | €1,221,860 | €1,121,860 | -€100,000 | -8.2% |
| Profit (loss) carried forward | 14 | €264,439 | €292,845 | +€28,406 | +10.7% |
| Amounts payable | 17/49 | €23,100 | €28,737 | +€5,637 | +24.4% |
| Amounts payable within one year | 42/48 | €23,100 | €28,737 | +€5,637 | +24.4% |
| Trade debts | 44 | - | €9,366 | +€9,366 | |
| Suppliers | 440/4 | - | €9,366 | +€9,366 | |
| Taxes, remuneration and social security | 45 | €22,768 | €14,270 | -€8,498 | -37.3% |
| Taxes | 450/3 | €20,240 | €12,032 | -€8,208 | -40.6% |
| Remuneration and social security | 454/9 | €2,528 | €2,238 | -€290 | -11.5% |
| Other amounts payable | 47/48 | €332 | €5,101 | +€4,769 | +1435.7% |
| Remuneration, social security and pensions | 62 | €47,411 | €50,045 | +€2,634 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,606 | €5,755 | +€150 | +2.7% |
| Other operating charges | 640/8 | €132 | €137 | +€4 | +3.4% |
| Gross operating margin | 9900 | €371,109 | €279,944 | -€91,165 | -24.6% |
| Operating profit (loss) | 9901 | €317,960 | €224,007 | -€93,953 | -29.5% |
| Financial income | 75/76B | €12,291 | €15,707 | +€3,416 | +27.8% |
| Recurring financial income | 75 | €12,291 | €15,707 | +€3,416 | +27.8% |
| Financial charges | 65/66B | €2,145 | €2,999 | +€854 | +39.8% |
| Recurring financial charges | 65 | €2,145 | €2,999 | +€854 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €328,106 | €236,714 | -€91,392 | -27.9% |
| Income taxes | 67/77 | €105,610 | €58,308 | -€47,302 | -44.8% |
| Profit (loss) for the period | 9904 | €222,495 | €178,406 | -€44,089 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €222,495 | €178,406 | -€44,089 | -19.8% |
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.