URQUS: 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.
What changed
URQUS
NACE 82.990, Other business support services
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2025 · €11.5m-€9.8m
Equity
€14.4m
2025 · €13.7m+€690,410
Cash
€1.5m
2025 · €223,848+€1.3m
Balance sheet total
€17.1m
2025 · €16.0m+€1.1m
Largest movements
Assets
- Receivables within one year -€12.5m
down €12.5m (-99.8%), from €12.5m to €19,735
- Current investments +€10.2m
new in 2026: €10.2m
- Tangible fixed assets +€2.2m
up €2.2m (+503%), from €432,229 to €2.6m
of which Land and buildings: +€2.2m
- Cash +€1.3m
up €1.3m (+570%), from €223,848 to €1.5m
mainly Receivables within one year (+€12.5m) and Net result for the year (+€1.7m)
Equity and liabilities
- Debts after one year +€1.4m
up €1.4m (+211%), from €653,251 to €2.0m
of which Financial debts: +€1.4m
- Tax, wage and social debts -€1.0m
down €1.0m (-88.5%), from €1.2m to €135,036
of which Taxes: -€1.0m
- Reserves +€690,410
up €690,410 (+5.0%), from €13.7m to €14.4m
of which Distributable reserves: +€690,410
Income statement
- Financial income -€10.1m
down €10.1m (-81.2%), from €12.5m to €2.4m
of which Financial income: -€10.4m
- Taxes -€1.0m
down €1.0m (-86.1%), from €1.2m to €169,759
- Turnover -€458,388
down €458,388 (-84.9%), from €540,000 to €81,613
- Depreciation +€290,319
up €290,319 (+438%), from €66,282 to €356,602
- Staff costs -€80,066
down €80,066 (-94.6%), from €84,668 to €4,602
From the 2025 result to the 2026 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.
Result 2025
€11.5m
Turnover
-€458,388
Other operating income
-€4,670
Services and other goods
-€34,635
Staff costs
+€80,066
Depreciation
-€290,319
Provisions
-€40,094
Other operating charges
+€358
Financial income
-€10.1m
Financial charges
+€39,501
Taxes
+€1.0m
Result 2026
€1.7m
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€13.5m
Investment
-€12.7m
Financing
+€457,879
Cash 2025
€223,848
From operations (derived)
+€13.5m
Net result for the year
+€1.7m
Depreciation
+€356,602
Receivables within one year
+€12.5m
Smaller working-capital items
+€19,110
Tax, wage and social debts
-€1.0m
Investment (derived)
-€12.7m
Investment in fixed assets (net)
-€2.5m
Current investments
-€10.2m
Financing
+€457,879
Debts after one year
+€1.4m
Current portion of long-term debt
+€100,765
Contributions, distributions and other
-€1.0m
Cash 2026
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,966,735 | €17,116,387 | +€1.1m | +7.2% |
| Fixed assets | 21/28 | €3,210,884 | €5,365,946 | +€2.2m | +67.1% |
| Tangible fixed assets | 22/27 | €432,229 | €2,607,291 | +€2.2m | +503% |
| Land and buildings | 22 | €194,405 | €2,435,226 | +€2.2m | +1,153% |
| Plant, machinery and equipment | 23 | €5,652 | €4,452 | -€1,200 | -21.2% |
| Furniture and vehicles | 24 | €186,470 | €137,201 | -€49,270 | -26.4% |
| Leasing and similar rights | 25 | €45,702 | €30,412 | -€15,290 | -33.5% |
| Financial fixed assets | 28 | €2,778,656 | €2,758,656 | -€20,000 | -0.7% |
| Affiliated companies | 280/1 | €2,753,656 | €2,753,656 | = | 0.0% |
| Participating interests | 280 | €2,753,656 | €2,753,656 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €25,000 | €0 | -€25,000 | -100% |
| Participating interests | 282 | €25,000 | €0 | -€25,000 | -100% |
| Other financial fixed assets | 284/8 | - | €5,000 | +€5,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €12,755,851 | €11,750,441 | -€1.0m | -7.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €12,516,007 | €19,735 | -€12.5m | -99.8% |
| Other amounts receivable | 41 | €12,516,007 | €19,735 | -€12.5m | -99.8% |
| Current investments | 50/53 | - | €10,220,157 | +€10.2m | |
| Other investments | 51/53 | - | €10,220,157 | +€10.2m | |
| Cash at bank and in hand | 54/58 | €223,848 | €1,499,288 | +€1.3m | +570% |
| Deferred charges and accrued income | 490/1 | €15,996 | €11,262 | -€4,734 | -29.6% |
| Total equity and liabilities | 10/49 | €15,966,735 | €17,116,387 | +€1.1m | +7.2% |
| Equity | 10/15 | €13,729,875 | €14,420,285 | +€690,410 | +5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,709,875 | €14,400,285 | +€690,410 | +5.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €13,709,875 | €14,400,285 | +€690,410 | +5.0% |
| Provisions and deferred taxes | 16 | €333,430 | €322,636 | -€10,794 | -3.2% |
| Provisions for liabilities and charges | 160/5 | €333,430 | €322,636 | -€10,794 | -3.2% |
| Environmental obligations | 163 | €333,430 | €322,636 | -€10,794 | -3.2% |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €1,903,431 | €2,373,467 | +€470,036 | +24.7% |
| Amounts payable after more than one year | 17 | €653,251 | €2,033,566 | +€1.4m | +211% |
| Financial debts | 170/4 | €19,686 | €1,400,000 | +€1.4m | +7,012% |
| Leasing and similar obligations | 172 | €19,686 | €0 | -€19,686 | -100% |
| Credit institutions | 173 | - | €1,400,000 | +€1.4m | |
| Other amounts payable | 178/9 | €633,566 | €633,566 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,236,821 | €329,567 | -€907,254 | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €18,921 | €119,686 | +€100,765 | +533% |
| Trade debts | 44 | €1,374 | €5,114 | +€3,741 | +272% |
| Suppliers | 440/4 | €1,374 | €5,114 | +€3,741 | +272% |
| Taxes, remuneration and social security | 45 | €1,171,249 | €135,036 | -€1.0m | -88.5% |
| Taxes | 450/3 | €1,166,799 | €135,036 | -€1.0m | -88.4% |
| Remuneration and social security | 454/9 | €4,451 | €0 | -€4,451 | -100% |
| Other amounts payable | 47/48 | €45,277 | €69,730 | +€24,454 | +54.0% |
| Accrued charges and deferred income | 492/3 | €13,359 | €10,334 | -€3,024 | -22.6% |
| Operating income | 70/76A | €562,163 | €99,105 | -€463,058 | -82.4% |
| Turnover | 70 | €540,000 | €81,613 | -€458,388 | -84.9% |
| Other operating income | 74 | €22,163 | €17,493 | -€4,670 | -21.1% |
| Operating charges | 60/66A | €223,796 | €508,420 | +€284,624 | +127% |
| Services and other goods | 61 | €105,781 | €140,417 | +€34,635 | +32.7% |
| Remuneration, social security and pensions | 62 | €84,668 | €4,602 | -€80,066 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,282 | €356,602 | +€290,319 | +438% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€40,094 | €0 | +€40,094 | |
| Other operating charges | 640/8 | €7,159 | €6,801 | -€358 | -5.0% |
| Operating profit (loss) | 9901 | €338,367 | -€409,315 | -€747,682 | |
| Financial income | 75/76B | €12,500,000 | €2,350,824 | -€10.1m | -81.2% |
| Recurring financial income | 75 | €12,500,000 | €2,115,824 | -€10.4m | -83.1% |
| Income from financial fixed assets | 750 | €12,500,000 | €2,000,000 | -€10.5m | -84.0% |
| Income from current assets | 751 | - | €115,741 | +€115,741 | |
| Other financial income | 752/9 | €0 | €83 | +€83 | +82,760% |
| Non-recurring financial income | 76B | - | €235,000 | +€235,000 | |
| Financial charges | 65/66B | €97,641 | €58,140 | -€39,501 | -40.5% |
| Recurring financial charges | 65 | €97,641 | €58,140 | -€39,501 | -40.5% |
| Debt charges | 650 | €54,295 | €49,202 | -€5,093 | -9.4% |
| Other financial charges | 652/9 | €43,346 | €8,938 | -€34,409 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €12,740,726 | €1,883,369 | -€10.9m | -85.2% |
| Income taxes | 67/77 | €1,218,019 | €169,759 | -€1.0m | -86.1% |
| Taxes | 670/3 | €1,218,019 | €169,759 | -€1.0m | -86.1% |
| Profit (loss) for the period | 9904 | €11,522,706 | €1,713,610 | -€9.8m | -85.1% |
| Transfer from tax-exempt reserves | 789 | €178,000 | €0 | -€178,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €11,700,706 | €1,713,610 | -€10.0m | -85.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.