URSACHI CONSTRUCT: what changed
Two fiscal 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.
URSACHI CONSTRUCT
Largest movements
- Receivables within one year +€127,400
up €127,400 (+49.1%), from €259,372 to €386,772
of which Trade receivables: +€82,698
- Cash -€22,994
down €22,994 (-26.4%), from €86,993 to €63,999
mainly Receivables within one year (-€127,400) and Contributions, distributions and other (-€63,000)
- Tangible fixed assets -€10,114
down €10,114 (-22.4%), from €45,151 to €35,037
of which Furniture and vehicles: -€8,912
- Other debts +€73,073
up €73,073 (+179.5%), from €40,704 to €113,777
- Tax, wage and social debts +€46,228
up €46,228 (+105.7%), from €43,748 to €89,976
of which Taxes: +€40,002
- Debts after one year -€11,724
down €11,724 (-54.4%), from €21,548 to €9,824
- Trade debts -€8,841
down €8,841 (-25.9%), from €34,194 to €25,353
- Current portion of long-term debt -€7,106
down €7,106 (-37.7%), from €18,830 to €11,724
- Gross operating margin -€81,810
down €81,810 (-42.8%), from €191,063 to €109,253
- Taxes -€17,091
down €17,091 (-44.7%), from €38,193 to €21,102
- Other operating charges +€3,577
up €3,577 (+377.7%), from €947 to €4,524
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 | €393,464 | €485,908 | +€92,444 | +23.5% |
| Fixed assets | 21/28 | €45,251 | €35,137 | -€10,114 | -22.4% |
| Tangible fixed assets | 22/27 | €45,151 | €35,037 | -€10,114 | -22.4% |
| Plant, machinery and equipment | 23 | €3,527 | €2,325 | -€1,202 | -34.1% |
| Furniture and vehicles | 24 | €41,624 | €32,712 | -€8,912 | -21.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €348,213 | €450,771 | +€102,558 | +29.5% |
| Amounts receivable within one year | 40/41 | €259,372 | €386,772 | +€127,400 | +49.1% |
| Trade receivables | 40 | €245,945 | €328,643 | +€82,698 | +33.6% |
| Other amounts receivable | 41 | €13,427 | €58,129 | +€44,702 | +332.9% |
| Cash at bank and in hand | 54/58 | €86,993 | €63,999 | -€22,994 | -26.4% |
| Deferred charges and accrued income | 490/1 | €1,848 | - | -€1,848 | |
| Total equity and liabilities | 10/49 | €393,464 | €485,908 | +€92,444 | +23.5% |
| Equity | 10/15 | €234,440 | €235,255 | +€815 | +0.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €233,340 | €234,155 | +€815 | +0.3% |
| Amounts payable | 17/49 | €159,024 | €250,653 | +€91,629 | +57.6% |
| Amounts payable after more than one year | 17 | €21,548 | €9,824 | -€11,724 | -54.4% |
| Financial debts | 170/4 | €21,548 | €9,824 | -€11,724 | -54.4% |
| Amounts payable within one year | 42/48 | €137,476 | €240,829 | +€103,353 | +75.2% |
| Current portion of amounts payable after more than one year | 42 | €18,830 | €11,724 | -€7,106 | -37.7% |
| Trade debts | 44 | €34,194 | €25,353 | -€8,841 | -25.9% |
| Suppliers | 440/4 | €34,194 | €25,353 | -€8,841 | -25.9% |
| Taxes, remuneration and social security | 45 | €43,748 | €89,976 | +€46,228 | +105.7% |
| Taxes | 450/3 | €37,560 | €77,562 | +€40,002 | +106.5% |
| Remuneration and social security | 454/9 | €6,188 | €12,414 | +€6,226 | +100.6% |
| Other amounts payable | 47/48 | €40,704 | €113,777 | +€73,073 | +179.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,848 | €19,564 | -€284 | -1.4% |
| Other operating charges | 640/8 | €947 | €4,524 | +€3,577 | +377.7% |
| Gross operating margin | 9900 | €191,063 | €109,253 | -€81,810 | -42.8% |
| Operating profit (loss) | 9901 | €170,268 | €85,166 | -€85,102 | -50.0% |
| Financial income | 75/76B | €46 | €0 | -€46 | -99.9% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -99.9% |
| Financial charges | 65/66B | €399 | €249 | -€150 | -37.5% |
| Recurring financial charges | 65 | €399 | €249 | -€150 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €169,915 | €84,917 | -€84,998 | -50.0% |
| Income taxes | 67/77 | €38,193 | €21,102 | -€17,091 | -44.7% |
| Profit (loss) for the period | 9904 | €131,722 | €63,815 | -€67,907 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,722 | €63,815 | -€67,907 | -51.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.