URSA IMMO: 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 IMMO
Largest movements
- Formation expenses -€242
down €242 (-39.1%), from €619 to €377
- Cash -€41
down €41 (-90.9%), from €45 to €4
mainly Net result for the year (-€1,135)
- Profit (loss) carried forward -€1,135
down €1,135 (-41.2%), from -€2,754 to -€3,889
- Other debts +€797
up €797 (+113.8%), from €700 to €1,497
- Trade debts +€56
up €56 (+7.8%), from €717 to €773
- Gross operating margin -€53
down €53 (-15.9%), from -€333 to -€386
- Purchases and services +€53
up €53 (+15.9%), from €333 to €386
- Financial charges +€14
up €14 (+34.1%), from €42 to €56
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €664 | €381 | -€283 | -42.6% |
| Formation expenses | 20 | €619 | €377 | -€242 | -39.1% |
| Current assets | 29/58 | €45 | €4 | -€41 | -90.9% |
| Cash at bank and in hand | 54/58 | €45 | €4 | -€41 | -90.9% |
| Total equity and liabilities | 10/49 | €664 | €381 | -€283 | -42.6% |
| Equity | 10/15 | -€754 | -€1,889 | -€1,135 | -150.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,754 | -€3,889 | -€1,135 | -41.2% |
| Amounts payable | 17/49 | €1,417 | €2,270 | +€852 | +60.1% |
| Amounts payable within one year | 42/48 | €1,417 | €2,270 | +€852 | +60.1% |
| Trade debts | 44 | €717 | €773 | +€56 | +7.8% |
| Suppliers | 440/4 | €717 | €773 | +€56 | +7.8% |
| Other amounts payable | 47/48 | €700 | €1,497 | +€797 | +113.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €333 | €386 | +€53 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242 | €242 | = | 0.0% |
| Other operating charges | 640/8 | €448 | €451 | +€3 | +0.7% |
| Gross operating margin | 9900 | -€333 | -€386 | -€53 | -15.9% |
| Operating profit (loss) | 9901 | -€1,023 | -€1,079 | -€56 | -5.5% |
| Financial charges | 65/66B | €42 | €56 | +€14 | +34.1% |
| Recurring financial charges | 65 | €42 | €56 | +€14 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,065 | -€1,135 | -€70 | -6.6% |
| Profit (loss) for the period | 9904 | -€1,065 | -€1,135 | -€70 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,065 | -€1,135 | -€70 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.