URRAO: 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.
URRAO
Largest movements
- Tangible fixed assets -€8,205
down €8,205 (-2.1%), from €386,092 to €377,887
of which Land and buildings: -€14,345
- Reserves +€20,540
up €20,540 (+18.8%), from €109,160 to €129,700
- Debts after one year -€20,526
down €20,526 (-8.0%), from €256,525 to €235,999
- Other debts -€7,610
down €7,610 (-53.9%), from €14,127 to €6,517
- Trade debts -€5,479
down €5,479 (-82.2%), from €6,669 to €1,190
- Gross operating margin +€12,928
up €12,928 (+27.7%), from €46,616 to €59,544
- Taxes +€3,621
up €3,621 (+87.9%), from €4,117 to €7,739
- Depreciation +€1,112
up €1,112 (+6.0%), from €18,530 to €19,642
- Financial charges +€1,081
up €1,081 (+11.9%), from €9,113 to €10,194
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 | €484,376 | €472,097 | -€12,279 | -2.5% |
| Fixed assets | 21/28 | €386,092 | €377,887 | -€8,205 | -2.1% |
| Tangible fixed assets | 22/27 | €386,092 | €377,887 | -€8,205 | -2.1% |
| Land and buildings | 22 | €368,724 | €354,379 | -€14,345 | -3.9% |
| Furniture and vehicles | 24 | €277 | €59 | -€217 | -78.5% |
| Other tangible fixed assets | 26 | €17,091 | €23,449 | +€6,358 | +37.2% |
| Current assets | 29/58 | €98,284 | €94,210 | -€4,074 | -4.1% |
| Stocks and contracts in progress | 3 | €93,984 | €93,984 | = | 0.0% |
| Stocks | 30/36 | €93,984 | €93,984 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,228 | €143 | -€4,085 | -96.6% |
| Trade receivables | 40 | €0 | €109 | +€109 | |
| Other amounts receivable | 41 | €4,228 | €35 | -€4,194 | -99.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €72 | €82 | +€10 | +14.3% |
| Total equity and liabilities | 10/49 | €484,376 | €472,097 | -€12,279 | -2.5% |
| Equity | 10/15 | €170,755 | €191,296 | +€20,541 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,160 | €129,700 | +€20,540 | +18.8% |
| Distributable reserves | 133 | €109,160 | €129,700 | +€20,540 | +18.8% |
| Profit (loss) carried forward | 14 | €42,995 | €42,996 | +€1 | 0.0% |
| Amounts payable | 17/49 | €313,621 | €280,801 | -€32,820 | -10.5% |
| Amounts payable after more than one year | 17 | €256,525 | €235,999 | -€20,526 | -8.0% |
| Financial debts | 170/4 | €256,525 | €235,999 | -€20,526 | -8.0% |
| Amounts payable within one year | 42/48 | €56,026 | €42,060 | -€13,966 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €24,317 | €22,555 | -€1,762 | -7.2% |
| Financial debts | 43 | - | €2,116 | +€2,116 | |
| Credit institutions | 430/8 | - | €2,116 | +€2,116 | |
| Trade debts | 44 | €6,669 | €1,190 | -€5,479 | -82.2% |
| Suppliers | 440/4 | €6,669 | €1,190 | -€5,479 | -82.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,913 | €9,681 | -€1,231 | -11.3% |
| Taxes | 450/3 | €10,913 | €9,681 | -€1,231 | -11.3% |
| Other amounts payable | 47/48 | €14,127 | €6,517 | -€7,610 | -53.9% |
| Accrued charges and deferred income | 492/3 | €1,071 | €2,743 | +€1,672 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,530 | €19,642 | +€1,112 | +6.0% |
| Other operating charges | 640/8 | €1,475 | €1,428 | -€46 | -3.1% |
| Gross operating margin | 9900 | €46,616 | €59,544 | +€12,928 | +27.7% |
| Operating profit (loss) | 9901 | €26,612 | €38,474 | +€11,862 | +44.6% |
| Financial income | 75/76B | €22 | €0 | -€22 | -99.3% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -99.3% |
| Financial charges | 65/66B | €9,113 | €10,194 | +€1,081 | +11.9% |
| Recurring financial charges | 65 | €9,113 | €10,194 | +€1,081 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €17,521 | €28,280 | +€10,759 | +61.4% |
| Income taxes | 67/77 | €4,117 | €7,739 | +€3,621 | +87.9% |
| Profit (loss) for the period | 9904 | €13,404 | €20,541 | +€7,137 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,404 | €20,541 | +€7,137 | +53.3% |
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 14 October 2026 via checked.be.