URSA GESTION: 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 GESTION
Largest movements
- Receivables within one year +€59,496
up €59,496 (+32.4%), from €183,817 to €243,313
of which Other amounts receivable: +€57,585
- Cash +€10,810
up €10,810 (+129%), from €8,373 to €19,183
mainly Net result for the year (+€80,094) and Tax, wage and social debts (+€6,284)
- Profit (loss) carried forward +€80,094
up €80,094 (+38.6%), from €207,245 to €287,339
- Other debts -€18,975
down €18,975 (-89.6%), from €21,183 to €2,208
- Tax, wage and social debts +€6,284
up €6,284 (+25.8%), from €24,370 to €30,653
of which Remuneration and social security: +€5,099
No income-statement line moved by more than 1% of the activity.
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 | €259,325 | €328,770 | +€69,445 | +26.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €67,134 | €66,274 | -€860 | -1.3% |
| Tangible fixed assets | 22/27 | €2,174 | €1,314 | -€860 | -39.6% |
| Furniture and vehicles | 24 | €2,174 | €1,314 | -€860 | -39.6% |
| Financial fixed assets | 28 | €64,960 | €64,960 | = | 0.0% |
| Current assets | 29/58 | €192,191 | €262,496 | +€70,305 | +36.6% |
| Amounts receivable within one year | 40/41 | €183,817 | €243,313 | +€59,496 | +32.4% |
| Trade receivables | 40 | €17,465 | €19,376 | +€1,911 | +10.9% |
| Other amounts receivable | 41 | €166,352 | €223,937 | +€57,585 | +34.6% |
| Cash at bank and in hand | 54/58 | €8,373 | €19,183 | +€10,810 | +129% |
| Total equity and liabilities | 10/49 | €259,325 | €328,770 | +€69,445 | +26.8% |
| Equity | 10/15 | €210,245 | €290,339 | +€80,094 | +38.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,245 | €287,339 | +€80,094 | +38.6% |
| Amounts payable | 17/49 | €49,080 | €38,432 | -€10,648 | -21.7% |
| Amounts payable within one year | 42/48 | €48,348 | €38,432 | -€9,917 | -20.5% |
| Trade debts | 44 | €2,796 | €5,570 | +€2,775 | +99.3% |
| Suppliers | 440/4 | €2,796 | €5,570 | +€2,775 | +99.3% |
| Taxes, remuneration and social security | 45 | €24,370 | €30,653 | +€6,284 | +25.8% |
| Taxes | 450/3 | €24,370 | €25,554 | +€1,184 | +4.9% |
| Remuneration and social security | 454/9 | - | €5,099 | +€5,099 | |
| Other amounts payable | 47/48 | €21,183 | €2,208 | -€18,975 | -89.6% |
| Accrued charges and deferred income | 492/3 | €732 | €0 | -€732 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860 | €860 | = | 0.0% |
| Other operating charges | 640/8 | €210 | €454 | +€244 | +116% |
| Gross operating margin | 9900 | €105,597 | €104,766 | -€832 | -0.8% |
| Operating profit (loss) | 9901 | €104,528 | €103,451 | -€1,076 | -1.0% |
| Financial charges | 65/66B | €1,702 | €1,861 | +€160 | +9.4% |
| Recurring financial charges | 65 | €1,702 | €1,861 | +€160 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €102,826 | €101,590 | -€1,236 | -1.2% |
| Income taxes | 67/77 | €21,083 | €21,497 | +€414 | +2.0% |
| Profit (loss) for the period | 9904 | €81,743 | €80,094 | -€1,649 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,743 | €80,094 | -€1,649 | -2.0% |
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 27 October 2026 via checked.be.