URSUS GROUP: 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 GROUP
Largest movements
- Cash -€6,768
down €6,768 (-28.0%), from €24,154 to €17,385
mainly Contributions, distributions and other (-€18,500) and Other debts (-€17,152)
- Tangible fixed assets -€6,428
down €6,428 (-41.7%), from €15,423 to €8,995
of which Furniture and vehicles: -€3,893
- Receivables within one year -€4,865
down €4,865 (-10.3%), from €47,371 to €42,506
of which Trade receivables: -€6,448
- Other debts -€17,152
down €17,152 (-24.6%), from €69,788 to €52,636
- Tax, wage and social debts -€2,389
down €2,389 (-33.7%), from €7,093 to €4,704
- Trade debts +€1,027
up €1,027 (+43.5%), from €2,360 to €3,386
- Gross operating margin -€6,076
down €6,076 (-15.3%), from €39,693 to €33,616
- Taxes -€3,591
down €3,591 (-41.2%), from €8,709 to €5,118
- Depreciation +€1,553
up €1,553 (+26.0%), from €5,976 to €7,529
- Financial income -€1,089
down €1,089 (-99.9%), from €1,089 to €1
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 | €87,267 | €69,212 | -€18,055 | -20.7% |
| Fixed assets | 21/28 | €15,423 | €8,995 | -€6,428 | -41.7% |
| Tangible fixed assets | 22/27 | €15,423 | €8,995 | -€6,428 | -41.7% |
| Plant, machinery and equipment | 23 | €8,678 | €6,144 | -€2,535 | -29.2% |
| Furniture and vehicles | 24 | €6,744 | €2,851 | -€3,893 | -57.7% |
| Current assets | 29/58 | €71,844 | €60,217 | -€11,627 | -16.2% |
| Amounts receivable within one year | 40/41 | €47,371 | €42,506 | -€4,865 | -10.3% |
| Trade receivables | 40 | €47,371 | €40,923 | -€6,448 | -13.6% |
| Other amounts receivable | 41 | - | €1,582 | +€1,582 | |
| Cash at bank and in hand | 54/58 | €24,154 | €17,385 | -€6,768 | -28.0% |
| Deferred charges and accrued income | 490/1 | €320 | €326 | +€6 | +2.0% |
| Total equity and liabilities | 10/49 | €87,267 | €69,212 | -€18,055 | -20.7% |
| Equity | 10/15 | €8,026 | €8,485 | +€459 | +5.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,026 | €4,485 | +€459 | +11.4% |
| Amounts payable | 17/49 | €79,240 | €60,727 | -€18,514 | -23.4% |
| Amounts payable within one year | 42/48 | €79,240 | €60,727 | -€18,514 | -23.4% |
| Trade debts | 44 | €2,360 | €3,386 | +€1,027 | +43.5% |
| Suppliers | 440/4 | €2,360 | €3,386 | +€1,027 | +43.5% |
| Taxes, remuneration and social security | 45 | €7,093 | €4,704 | -€2,389 | -33.7% |
| Taxes | 450/3 | €7,093 | €4,704 | -€2,389 | -33.7% |
| Other amounts payable | 47/48 | €69,788 | €52,636 | -€17,152 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,976 | €7,529 | +€1,553 | +26.0% |
| Other operating charges | 640/8 | €1,839 | €1,953 | +€114 | +6.2% |
| Gross operating margin | 9900 | €39,693 | €33,616 | -€6,076 | -15.3% |
| Operating profit (loss) | 9901 | €31,878 | €24,134 | -€7,743 | -24.3% |
| Financial income | 75/76B | €1,089 | €1 | -€1,089 | -99.9% |
| Recurring financial income | 75 | €1,089 | €1 | -€1,089 | -99.9% |
| Financial charges | 65/66B | €235 | €58 | -€177 | -75.2% |
| Recurring financial charges | 65 | €235 | €58 | -€177 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €32,732 | €24,077 | -€8,655 | -26.4% |
| Income taxes | 67/77 | €8,709 | €5,118 | -€3,591 | -41.2% |
| Profit (loss) for the period | 9904 | €24,023 | €18,959 | -€5,064 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,023 | €18,959 | -€5,064 | -21.1% |
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.