Ursus Concepts: 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 Concepts
Largest movements
- Receivables within one year +€106,947
up €106,947 (+1,191%), from €8,980 to €115,927
of which Other amounts receivable: +€100,174
- Cash -€88,464
down €88,464 (-77.9%), from €113,634 to €25,170
mainly Receivables within one year (-€106,947) and Contributions, distributions and other (-€93,396)
- Tangible fixed assets -€16,847
down €16,847 (-8.4%), from €199,694 to €182,847
of which Land and buildings: -€15,845
- Other debts +€93,427
new in 2024: €93,427
- Reserves -€93,170
down €93,170 (-51.8%), from €179,964 to €86,794
of which Tax-exempt reserves: -€177,964
- Current portion of long-term debt -€56,996
down €56,996 (-77.3%), from €73,705 to €16,709
- Debts after one year +€33,193
up €33,193 (+21.9%), from €151,407 to €184,600
- Trade debts +€9,639
up €9,639 (+108,791%), from €9 to €9,648
- Purchases and services -€175,219
no longer reported in 2024 (was €175,219)
- Financial income -€70,536
down €70,536 (-70.5%), from €100,104 to €29,568
- Gross operating margin -€46,662
down €46,662 (-79.6%), from €58,615 to €11,953
- Financial charges -€14,621
down €14,621 (-46.5%), from €31,410 to €16,789
of which Non-recurring financial charges: -€17,500
- Taxes -€11,103
down €11,103 (-82.6%), from €13,443 to €2,341
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.
Derived cash bridge
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 | €633,885 | €629,064 | -€4,821 | -0.8% |
| Fixed assets | 21/28 | €417,194 | €400,347 | -€16,847 | -4.0% |
| Tangible fixed assets | 22/27 | €199,694 | €182,847 | -€16,847 | -8.4% |
| Land and buildings | 22 | €190,362 | €174,517 | -€15,845 | -8.3% |
| Furniture and vehicles | 24 | €9,332 | €8,331 | -€1,001 | -10.7% |
| Financial fixed assets | 28 | €217,500 | €217,500 | = | 0.0% |
| Current assets | 29/58 | €216,691 | €228,716 | +€12,025 | +5.5% |
| Amounts receivable after more than one year | 29 | €88,000 | €83,327 | -€4,673 | -5.3% |
| Trade receivables | 290 | €88,000 | €83,327 | -€4,673 | -5.3% |
| Amounts receivable within one year | 40/41 | €8,980 | €115,927 | +€106,947 | +1,191% |
| Trade receivables | 40 | €8,945 | €15,719 | +€6,774 | +75.7% |
| Other amounts receivable | 41 | €35 | €100,209 | +€100,174 | +286,702% |
| Cash at bank and in hand | 54/58 | €113,634 | €25,170 | -€88,464 | -77.9% |
| Deferred charges and accrued income | 490/1 | €6,076 | €4,292 | -€1,785 | -29.4% |
| Total equity and liabilities | 10/49 | €633,885 | €629,064 | -€4,821 | -0.8% |
| Equity | 10/15 | €392,401 | €301,261 | -€91,140 | -23.2% |
| Contributions | 10/11 | €20,000 | €22,000 | +€2,000 | +10.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €179,964 | €86,794 | -€93,170 | -51.8% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €177,964 | - | -€177,964 | |
| Distributable reserves | 133 | - | €86,794 | +€86,794 | |
| Profit (loss) carried forward | 14 | €192,436 | €192,467 | +€30 | 0.0% |
| Amounts payable | 17/49 | €241,484 | €327,803 | +€86,319 | +35.7% |
| Amounts payable after more than one year | 17 | €151,407 | €184,600 | +€33,193 | +21.9% |
| Financial debts | 170/4 | €151,407 | €184,600 | +€33,193 | +21.9% |
| Amounts payable within one year | 42/48 | €89,957 | €143,203 | +€53,245 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €73,705 | €16,709 | -€56,996 | -77.3% |
| Financial debts | 43 | €0 | - | = | |
| Trade debts | 44 | €9 | €9,648 | +€9,639 | +108,791% |
| Suppliers | 440/4 | €9 | €9,648 | +€9,639 | +108,791% |
| Taxes, remuneration and social security | 45 | €16,244 | €23,420 | +€7,176 | +44.2% |
| Taxes | 450/3 | €16,244 | €19,284 | +€3,040 | +18.7% |
| Remuneration and social security | 454/9 | - | €4,136 | +€4,136 | |
| Other amounts payable | 47/48 | - | €93,427 | +€93,427 | |
| Accrued charges and deferred income | 492/3 | €120 | - | -€120 | |
| Goods, raw materials, services and sundry goods | 60/61 | €175,219 | - | -€175,219 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,909 | €17,556 | -€8,353 | -32.2% |
| Other operating charges | 640/8 | €3,418 | €2,578 | -€840 | -24.6% |
| Gross operating margin | 9900 | €58,615 | €11,953 | -€46,662 | -79.6% |
| Operating profit (loss) | 9901 | €29,287 | -€8,181 | -€37,468 | |
| Financial income | 75/76B | €100,104 | €29,568 | -€70,536 | -70.5% |
| Recurring financial income | 75 | €100,104 | €29,568 | -€70,536 | -70.5% |
| Financial charges | 65/66B | €31,410 | €16,789 | -€14,621 | -46.5% |
| Recurring financial charges | 65 | €13,910 | €16,789 | +€2,879 | +20.7% |
| Non-recurring financial charges | 66B | €17,500 | - | -€17,500 | |
| Profit (loss) for the period before taxes | 9903 | €97,981 | €4,597 | -€93,384 | -95.3% |
| Income taxes | 67/77 | €13,443 | €2,341 | -€11,103 | -82.6% |
| Profit (loss) for the period | 9904 | €84,538 | €2,256 | -€82,281 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,538 | €2,256 | -€82,281 | -97.3% |
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 14 October 2026 via checked.be.