URRACO: 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.
URRACO
Largest movements
- Tangible fixed assets +€324,692
up €324,692 (+54.7%), from €593,179 to €917,872
of which Land and buildings: +€268,520
- Receivables within one year -€86,481
down €86,481 (-70.3%), from €122,954 to €36,473
of which Trade receivables: -€59,427
- Cash +€86,000
up €86,000 (+9.9%), from €866,699 to €952,699
mainly Net result for the year (+€503,694) and Other debts (+€240,025)
- Other debts +€240,025
up €240,025 (+268%), from €89,673 to €329,698
- Reserves +€64,794
up €64,794 (+3.2%), from €2.0m to €2.1m
of which Distributable reserves: +€66,129
- Tax, wage and social debts +€31,491
up €31,491 (+37.7%), from €83,558 to €115,049
- Purchases and services +€99,498
new in 2025: €99,498
- Turnover +€48,283
up €48,283 (+6.5%), from €747,219 to €795,503
- Gross operating margin +€46,870
up €46,870 (+7.1%), from €656,601 to €703,471
- Taxes +€32,140
up €32,140 (+15.2%), from €211,662 to €243,802
- Depreciation +€14,209
up €14,209 (+66.8%), from €21,275 to €35,485
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 | €2,268,114 | €2,601,333 | +€333,220 | +14.7% |
| Fixed assets | 21/28 | €1,276,416 | €1,610,295 | +€333,880 | +26.2% |
| Tangible fixed assets | 22/27 | €593,179 | €917,872 | +€324,692 | +54.7% |
| Land and buildings | 22 | €511,045 | €779,564 | +€268,520 | +52.5% |
| Plant, machinery and equipment | 23 | €25,347 | €25,340 | -€6 | 0.0% |
| Furniture and vehicles | 24 | €5,578 | €61,757 | +€56,179 | +1,007% |
| Other tangible fixed assets | 26 | €51,210 | €51,210 | = | 0.0% |
| Financial fixed assets | 28 | €683,236 | €692,424 | +€9,187 | +1.3% |
| Current assets | 29/58 | €991,698 | €991,038 | -€660 | -0.1% |
| Amounts receivable within one year | 40/41 | €122,954 | €36,473 | -€86,481 | -70.3% |
| Trade receivables | 40 | €95,900 | €36,473 | -€59,427 | -62.0% |
| Other amounts receivable | 41 | €27,054 | - | -€27,054 | |
| Cash at bank and in hand | 54/58 | €866,699 | €952,699 | +€86,000 | +9.9% |
| Deferred charges and accrued income | 490/1 | €2,045 | €1,866 | -€179 | -8.8% |
| Total equity and liabilities | 10/49 | €2,268,114 | €2,601,333 | +€333,220 | +14.7% |
| Equity | 10/15 | €2,063,135 | €2,127,929 | +€64,794 | +3.1% |
| Contributions | 10/11 | €41,222 | €41,222 | = | 0.0% |
| Reserves | 13 | €2,021,913 | €2,086,707 | +€64,794 | +3.2% |
| Non-distributable reserves | 130/1 | €4,122 | €4,122 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,122 | €4,122 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,876 | €25,541 | -€1,335 | -5.0% |
| Distributable reserves | 133 | €1,990,915 | €2,057,044 | +€66,129 | +3.3% |
| Provisions and deferred taxes | 16 | €28,351 | €26,950 | -€1,401 | -4.9% |
| Deferred taxes | 168 | €28,351 | €26,950 | -€1,401 | -4.9% |
| Amounts payable | 17/49 | €176,627 | €446,454 | +€269,826 | +153% |
| Amounts payable within one year | 42/48 | €173,894 | €444,922 | +€271,027 | +156% |
| Trade debts | 44 | €662 | €174 | -€488 | -73.7% |
| Suppliers | 440/4 | €662 | €174 | -€488 | -73.7% |
| Taxes, remuneration and social security | 45 | €83,558 | €115,049 | +€31,491 | +37.7% |
| Taxes | 450/3 | €83,558 | €115,049 | +€31,491 | +37.7% |
| Other amounts payable | 47/48 | €89,673 | €329,698 | +€240,025 | +268% |
| Accrued charges and deferred income | 492/3 | €2,733 | €1,532 | -€1,201 | -43.9% |
| Turnover | 70 | €747,219 | €795,503 | +€48,283 | +6.5% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €99,498 | +€99,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,275 | €35,485 | +€14,209 | +66.8% |
| Other operating charges | 640/8 | €5,426 | €9,029 | +€3,603 | +66.4% |
| Gross operating margin | 9900 | €656,601 | €703,471 | +€46,870 | +7.1% |
| Operating profit (loss) | 9901 | €629,900 | €658,958 | +€29,058 | +4.6% |
| Financial income | 75/76B | €80,009 | €87,442 | +€7,433 | +9.3% |
| Recurring financial income | 75 | €80,009 | €87,442 | +€7,433 | +9.3% |
| Financial charges | 65/66B | €88 | €304 | +€216 | +247% |
| Recurring financial charges | 65 | €88 | €304 | +€216 | +247% |
| Profit (loss) for the period before taxes | 9903 | €709,821 | €746,096 | +€36,275 | +5.1% |
| Transfer from deferred taxes | 780 | €1,401 | €1,401 | = | 0.0% |
| Income taxes | 67/77 | €211,662 | €243,802 | +€32,140 | +15.2% |
| Profit (loss) for the period | 9904 | €499,560 | €503,694 | +€4,134 | +0.8% |
| Transfer from tax-exempt reserves | 789 | €1,335 | €1,335 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €500,895 | €505,029 | +€4,134 | +0.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.