Ursus Andrea: 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.
Ursus Andrea
Largest movements
- Receivables within one year -€39,286
down €39,286 (-54.1%), from €72,681 to €33,395
of which Other amounts receivable: -€36,758
- Cash +€20,191
up €20,191 (+103%), from €19,690 to €39,881
mainly Net result for the year (+€73,812) and Depreciation (+€41,903)
- Tangible fixed assets -€12,845
down €12,845 (-2.3%), from €550,000 to €537,155
of which Land and buildings: -€9,309
- Other debts -€80,000
no longer reported in 2025 (was €80,000)
- Reserves +€73,812
up €73,812 (+18.3%), from €402,615 to €476,427
- Debts after one year -€15,961
down €15,961 (-14.1%), from €113,226 to €97,264
- Trade debts -€7,136
down €7,136 (-46.1%), from €15,480 to €8,344
- Gross operating margin -€30,282
down €30,282 (-16.5%), from €182,981 to €152,699
- Taxes -€9,551
down €9,551 (-22.3%), from €42,890 to €33,339
- Depreciation +€3,655
up €3,655 (+9.6%), from €38,248 to €41,903
- Financial income +€3,258
up €3,258 (+648%), from €503 to €3,761
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 | €671,695 | €642,445 | -€29,251 | -4.4% |
| Fixed assets | 21/28 | €577,500 | €567,155 | -€10,345 | -1.8% |
| Tangible fixed assets | 22/27 | €550,000 | €537,155 | -€12,845 | -2.3% |
| Land and buildings | 22 | €463,078 | €453,769 | -€9,309 | -2.0% |
| Furniture and vehicles | 24 | €11,628 | €7,119 | -€4,509 | -38.8% |
| Other tangible fixed assets | 26 | €75,294 | €76,267 | +€973 | +1.3% |
| Financial fixed assets | 28 | €27,500 | €30,000 | +€2,500 | +9.1% |
| Current assets | 29/58 | €94,195 | €75,289 | -€18,906 | -20.1% |
| Amounts receivable within one year | 40/41 | €72,681 | €33,395 | -€39,286 | -54.1% |
| Trade receivables | 40 | €27,525 | €24,997 | -€2,529 | -9.2% |
| Other amounts receivable | 41 | €45,156 | €8,399 | -€36,758 | -81.4% |
| Cash at bank and in hand | 54/58 | €19,690 | €39,881 | +€20,191 | +103% |
| Deferred charges and accrued income | 490/1 | €1,824 | €2,013 | +€189 | +10.4% |
| Total equity and liabilities | 10/49 | €671,695 | €642,445 | -€29,251 | -4.4% |
| Equity | 10/15 | €415,015 | €488,827 | +€73,812 | +17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €402,615 | €476,427 | +€73,812 | +18.3% |
| Distributable reserves | 133 | €402,615 | €476,427 | +€73,812 | +18.3% |
| Amounts payable | 17/49 | €256,680 | €153,617 | -€103,063 | -40.2% |
| Amounts payable after more than one year | 17 | €113,226 | €97,264 | -€15,961 | -14.1% |
| Financial debts | 170/4 | €113,226 | €97,264 | -€15,961 | -14.1% |
| Amounts payable within one year | 42/48 | €143,454 | €56,270 | -€87,184 | -60.8% |
| Current portion of amounts payable after more than one year | 42 | €16,986 | €17,279 | +€293 | +1.7% |
| Trade debts | 44 | €15,480 | €8,344 | -€7,136 | -46.1% |
| Suppliers | 440/4 | €15,480 | €8,344 | -€7,136 | -46.1% |
| Taxes, remuneration and social security | 45 | €30,987 | €30,647 | -€340 | -1.1% |
| Taxes | 450/3 | €30,987 | €30,647 | -€340 | -1.1% |
| Other amounts payable | 47/48 | €80,000 | - | -€80,000 | |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,248 | €41,903 | +€3,655 | +9.6% |
| Other operating charges | 640/8 | €3,088 | €4,472 | +€1,384 | +44.8% |
| Gross operating margin | 9900 | €182,981 | €152,699 | -€30,282 | -16.5% |
| Operating profit (loss) | 9901 | €141,646 | €106,324 | -€35,321 | -24.9% |
| Financial income | 75/76B | €503 | €3,761 | +€3,258 | +648% |
| Recurring financial income | 75 | €503 | €3,761 | +€3,258 | +648% |
| Financial charges | 65/66B | €2,921 | €2,934 | +€14 | +0.5% |
| Recurring financial charges | 65 | €2,921 | €2,934 | +€14 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €139,228 | €107,151 | -€32,077 | -23.0% |
| Income taxes | 67/77 | €42,890 | €33,339 | -€9,551 | -22.3% |
| Profit (loss) for the period | 9904 | €96,338 | €73,812 | -€22,526 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €96,338 | €73,812 | -€22,526 | -23.4% |
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 19 October 2026 via checked.be.