Ursidae: 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.
Ursidae
Largest movements
- Cash +€237,953
up €237,953 (+745.6%), from €31,914 to €269,867
mainly Net result for the year (+€645,559) and Receivables within one year (+€97,384)
- Current investments +€100,304
up €100,304 (+2006.1%), from €5,000 to €105,304
- Receivables within one year -€97,384
down €97,384 (-19.2%), from €507,541 to €410,157
of which Trade receivables: -€204,902
- Reserves +€645,559
up €645,559 (+14.1%), from €4.6m to €5.2m
of which Distributable reserves: +€645,559
- Other debts -€197,808
down €197,808 (-60.8%), from €325,117 to €127,309
- Debts after one year -€85,627
down €85,627 (-4.1%), from €2.1m to €2.0m
of which Other amounts payable: -€72,794
- Trade debts -€84,590
down €84,590 (-30.2%), from €280,313 to €195,724
- Services and other goods +€95,734
up €95,734 (+19.2%), from €499,759 to €595,493
- Staff costs +€36,100
up €36,100 (+17.0%), from €211,736 to €247,836
- Taxes -€23,067
down €23,067 (-44.8%), from €51,494 to €28,426
- Turnover -€20,600
down €20,600 (-1.9%), from €1.1m to €1.1m
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 | €7,943,443 | €8,165,786 | +€222,343 | +2.8% |
| Fixed assets | 21/28 | €7,395,024 | €7,376,263 | -€18,761 | -0.3% |
| Tangible fixed assets | 22/27 | €64,160 | €45,399 | -€18,761 | -29.2% |
| Furniture and vehicles | 24 | €64,160 | €45,399 | -€18,761 | -29.2% |
| Financial fixed assets | 28 | €7,330,864 | €7,330,864 | = | 0.0% |
| Affiliated companies | 280/1 | €7,330,864 | €7,330,864 | = | 0.0% |
| Participating interests | 280 | €7,330,864 | €7,330,864 | = | 0.0% |
| Current assets | 29/58 | €548,419 | €789,523 | +€241,104 | +44.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €507,541 | €410,157 | -€97,384 | -19.2% |
| Trade receivables | 40 | €387,926 | €183,024 | -€204,902 | -52.8% |
| Other amounts receivable | 41 | €119,615 | €227,133 | +€107,518 | +89.9% |
| Current investments | 50/53 | €5,000 | €105,304 | +€100,304 | +2006.1% |
| Other investments | 51/53 | €5,000 | €105,304 | +€100,304 | +2006.1% |
| Cash at bank and in hand | 54/58 | €31,914 | €269,867 | +€237,953 | +745.6% |
| Deferred charges and accrued income | 490/1 | €3,965 | €4,196 | +€231 | +5.8% |
| Total equity and liabilities | 10/49 | €7,943,443 | €8,165,786 | +€222,343 | +2.8% |
| Equity | 10/15 | €5,095,187 | €5,740,747 | +€645,559 | +12.7% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €4,570,187 | €5,215,747 | +€645,559 | +14.1% |
| Non-distributable reserves | 130/1 | €52,500 | €52,500 | = | 0.0% |
| Legal reserve | 130 | €52,500 | €52,500 | = | 0.0% |
| Distributable reserves | 133 | €4,517,687 | €5,163,247 | +€645,559 | +14.3% |
| Amounts payable | 17/49 | €2,848,256 | €2,425,040 | -€423,216 | -14.9% |
| Amounts payable after more than one year | 17 | €2,097,859 | €2,012,233 | -€85,627 | -4.1% |
| Financial debts | 170/4 | €30,910 | €18,077 | -€12,833 | -41.5% |
| Credit institutions | 173 | €30,910 | €18,077 | -€12,833 | -41.5% |
| Other amounts payable | 178/9 | €2,066,950 | €1,994,156 | -€72,794 | -3.5% |
| Amounts payable within one year | 42/48 | €749,160 | €411,522 | -€337,638 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €53,924 | €12,833 | -€41,091 | -76.2% |
| Trade debts | 44 | €280,313 | €195,724 | -€84,590 | -30.2% |
| Suppliers | 440/4 | €280,313 | €195,724 | -€84,590 | -30.2% |
| Taxes, remuneration and social security | 45 | €89,806 | €75,657 | -€14,149 | -15.8% |
| Taxes | 450/3 | €53,747 | €45,353 | -€8,394 | -15.6% |
| Remuneration and social security | 454/9 | €36,059 | €30,304 | -€5,755 | -16.0% |
| Other amounts payable | 47/48 | €325,117 | €127,309 | -€197,808 | -60.8% |
| Accrued charges and deferred income | 492/3 | €1,236 | €1,285 | +€49 | +3.9% |
| Operating income | 70/76A | €1,106,766 | €1,087,200 | -€19,566 | -1.8% |
| Turnover | 70 | €1,100,600 | €1,080,000 | -€20,600 | -1.9% |
| Other operating income | 74 | €6,166 | €7,200 | +€1,034 | +16.8% |
| Operating charges | 60/66A | €730,962 | €864,141 | +€133,179 | +18.2% |
| Services and other goods | 61 | €499,759 | €595,493 | +€95,734 | +19.2% |
| Remuneration, social security and pensions | 62 | €211,736 | €247,836 | +€36,100 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,855 | €18,761 | +€2,906 | +18.3% |
| Other operating charges | 640/8 | €3,612 | €2,051 | -€1,561 | -43.2% |
| Operating profit (loss) | 9901 | €375,804 | €223,059 | -€152,745 | -40.6% |
| Financial income | 75/76B | €611,035 | €615,715 | +€4,680 | +0.8% |
| Recurring financial income | 75 | €611,035 | €615,715 | +€4,680 | +0.8% |
| Income from financial fixed assets | 750 | €600,000 | €600,000 | = | 0.0% |
| Income from current assets | 751 | €11,035 | €15,715 | +€4,680 | +42.4% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €165,810 | €164,788 | -€1,022 | -0.6% |
| Recurring financial charges | 65 | €165,810 | €164,788 | -€1,022 | -0.6% |
| Debt charges | 650 | €164,498 | €164,394 | -€104 | -0.1% |
| Other financial charges | 652/9 | €1,312 | €394 | -€918 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €821,029 | €673,986 | -€147,043 | -17.9% |
| Income taxes | 67/77 | €51,494 | €28,426 | -€23,067 | -44.8% |
| Taxes | 670/3 | €51,494 | €28,426 | -€23,067 | -44.8% |
| Profit (loss) for the period | 9904 | €769,535 | €645,559 | -€123,975 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €769,535 | €645,559 | -€123,975 | -16.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.