Ursa Construct: 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.
Ursa Construct
Largest movements
- Receivables within one year +€7,102
up €7,102 (+467.0%), from €1,521 to €8,623
of which Other amounts receivable: +€6,391
- Tangible fixed assets -€4,914
down €4,914 (-31.6%), from €15,551 to €10,637
- Cash +€1,146
up €1,146 (+363.8%), from €315 to €1,461
mainly Net result for the year (+€14,222) and Depreciation (+€4,914)
- Deferred charges and accrued income +€719
up €719 (+210.6%), from €342 to €1,061
- Profit (loss) carried forward +€11,999
no longer reported in 2025 (was -€11,999)
- Other debts -€6,903
no longer reported in 2025 (was €6,903)
- Debts after one year -€3,360
down €3,360 (-29.4%), from €11,442 to €8,082
- Trade debts -€2,571
no longer reported in 2025 (was €2,571)
- Reserves +€2,223
up €2,223 (+80.7%), from €2,756 to €4,978
- Gross operating margin +€26,851
up €26,851, from -€4,553 to €22,298
- Taxes +€1,722
up €1,722, from €0 to €1,722
- Financial charges -€761
down €761 (-45.0%), from €1,692 to €931
- Other operating charges +€650
up €650 (+213.6%), from €304 to €954
- Staff costs -€541
no longer reported in 2025 (was €541)
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 | €17,729 | €21,782 | +€4,054 | +22.9% |
| Fixed assets | 21/28 | €15,551 | €10,637 | -€4,914 | -31.6% |
| Tangible fixed assets | 22/27 | €15,551 | €10,637 | -€4,914 | -31.6% |
| Leasing and similar rights | 25 | €15,551 | €10,637 | -€4,914 | -31.6% |
| Current assets | 29/58 | €2,178 | €11,146 | +€8,968 | +411.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,521 | €8,623 | +€7,102 | +467.0% |
| Trade receivables | 40 | - | €711 | +€711 | |
| Other amounts receivable | 41 | €1,521 | €7,912 | +€6,391 | +420.2% |
| Cash at bank and in hand | 54/58 | €315 | €1,461 | +€1,146 | +363.8% |
| Deferred charges and accrued income | 490/1 | €342 | €1,061 | +€719 | +210.6% |
| Total equity and liabilities | 10/49 | €17,729 | €21,782 | +€4,054 | +22.9% |
| Equity | 10/15 | -€6,243 | €7,978 | +€14,222 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,756 | €4,978 | +€2,223 | +80.7% |
| Distributable reserves | 133 | €2,756 | €4,978 | +€2,223 | +80.7% |
| Profit (loss) carried forward | 14 | -€11,999 | - | +€11,999 | |
| Amounts payable | 17/49 | €23,972 | €13,804 | -€10,168 | -42.4% |
| Amounts payable after more than one year | 17 | €11,442 | €8,082 | -€3,360 | -29.4% |
| Financial debts | 170/4 | €11,442 | €8,082 | -€3,360 | -29.4% |
| Amounts payable within one year | 42/48 | €12,530 | €5,723 | -€6,808 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €3,057 | €4,001 | +€944 | +30.9% |
| Trade debts | 44 | €2,571 | - | -€2,571 | |
| Suppliers | 440/4 | €2,571 | - | -€2,571 | |
| Taxes, remuneration and social security | 45 | - | €1,722 | +€1,722 | |
| Taxes | 450/3 | - | €1,722 | +€1,722 | |
| Other amounts payable | 47/48 | €6,903 | - | -€6,903 | |
| Remuneration, social security and pensions | 62 | €541 | - | -€541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,914 | €4,914 | = | 0.0% |
| Other operating charges | 640/8 | €304 | €954 | +€650 | +213.6% |
| Gross operating margin | 9900 | -€4,553 | €22,298 | +€26,851 | |
| Operating profit (loss) | 9901 | -€10,313 | €16,430 | +€26,743 | |
| Financial income | 75/76B | €6 | €444 | +€438 | +7276.9% |
| Recurring financial income | 75 | €6 | €444 | +€438 | +7276.9% |
| Financial charges | 65/66B | €1,692 | €931 | -€761 | -45.0% |
| Recurring financial charges | 65 | €1,692 | €931 | -€761 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,999 | €15,943 | +€27,942 | |
| Income taxes | 67/77 | €0 | €1,722 | +€1,722 | |
| Profit (loss) for the period | 9904 | -€11,999 | €14,222 | +€26,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,999 | €14,222 | +€26,220 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.