a-ULaB: 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.
a-ULaB
Largest movements
- Receivables within one year +€84,707
up €84,707 (+24.5%), from €345,499 to €430,205
of which Trade receivables: +€85,385
- Tangible fixed assets -€51,266
down €51,266 (-20.3%), from €253,110 to €201,845
of which Leasing and similar rights: -€31,978
- Cash -€11,180
down €11,180 (-34.6%), from €32,326 to €21,147
mainly Contributions, distributions and other (-€95,000) and Receivables within one year (-€84,707)
- Tax, wage and social debts +€87,801
up €87,801 (+80.5%), from €109,094 to €196,895
of which Remuneration and social security: +€57,544
- Debts after one year -€40,573
down €40,573 (-41.0%), from €98,888 to €58,315
- Trade debts -€39,069
down €39,069 (-39.7%), from €98,356 to €59,287
- Other debts +€15,500
up €15,500 (+10.5%), from €148,000 to €163,500
- Gross operating margin +€171,672
up €171,672 (+16.1%), from €1.1m to €1.2m
- Staff costs +€114,815
up €114,815 (+13.4%), from €855,848 to €970,663
- Write-downs -€23,524
no longer reported in 2025 (was €23,524)
- Taxes +€19,723
up €19,723 (+77.9%), from €25,325 to €45,049
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 | €645,533 | €667,308 | +€21,775 | +3.4% |
| Fixed assets | 21/28 | €253,310 | €202,045 | -€51,266 | -20.2% |
| Tangible fixed assets | 22/27 | €253,110 | €201,845 | -€51,266 | -20.3% |
| Plant, machinery and equipment | 23 | €22,115 | €14,405 | -€7,710 | -34.9% |
| Furniture and vehicles | 24 | €51,534 | €43,008 | -€8,526 | -16.5% |
| Leasing and similar rights | 25 | €161,739 | €129,761 | -€31,978 | -19.8% |
| Other tangible fixed assets | 26 | €17,722 | €14,670 | -€3,052 | -17.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €392,222 | €465,263 | +€73,040 | +18.6% |
| Amounts receivable within one year | 40/41 | €345,499 | €430,205 | +€84,707 | +24.5% |
| Trade receivables | 40 | €344,820 | €430,205 | +€85,385 | +24.8% |
| Other amounts receivable | 41 | €678 | - | -€678 | |
| Cash at bank and in hand | 54/58 | €32,326 | €21,147 | -€11,180 | -34.6% |
| Deferred charges and accrued income | 490/1 | €14,398 | €13,911 | -€486 | -3.4% |
| Total equity and liabilities | 10/49 | €645,533 | €667,308 | +€21,775 | +3.4% |
| Equity | 10/15 | €51,784 | €55,094 | +€3,310 | +6.4% |
| Contributions | 10/11 | €40,500 | €40,500 | = | 0.0% |
| Reserves | 13 | €4,050 | €4,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,050 | €4,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,050 | €4,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,234 | €10,544 | +€3,310 | +45.7% |
| Amounts payable | 17/49 | €593,749 | €612,214 | +€18,465 | +3.1% |
| Amounts payable after more than one year | 17 | €98,888 | €58,315 | -€40,573 | -41.0% |
| Financial debts | 170/4 | €98,888 | €58,315 | -€40,573 | -41.0% |
| Amounts payable within one year | 42/48 | €494,861 | €553,899 | +€59,038 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €139,410 | €134,216 | -€5,194 | -3.7% |
| Trade debts | 44 | €98,356 | €59,287 | -€39,069 | -39.7% |
| Suppliers | 440/4 | €98,356 | €59,287 | -€39,069 | -39.7% |
| Taxes, remuneration and social security | 45 | €109,094 | €196,895 | +€87,801 | +80.5% |
| Taxes | 450/3 | €61,458 | €91,714 | +€30,257 | +49.2% |
| Remuneration and social security | 454/9 | €47,637 | €105,181 | +€57,544 | +120.8% |
| Other amounts payable | 47/48 | €148,000 | €163,500 | +€15,500 | +10.5% |
| Remuneration, social security and pensions | 62 | €855,848 | €970,663 | +€114,815 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,007 | €98,455 | +€9,448 | +10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,524 | - | -€23,524 | |
| Other operating charges | 640/8 | €15,526 | €12,611 | -€2,915 | -18.8% |
| Gross operating margin | 9900 | €1,063,363 | €1,235,035 | +€171,672 | +16.1% |
| Operating profit (loss) | 9901 | €79,458 | €153,306 | +€73,848 | +92.9% |
| Financial income | 75/76B | €1,569 | €777 | -€792 | -50.5% |
| Recurring financial income | 75 | €1,569 | €777 | -€792 | -50.5% |
| Financial charges | 65/66B | €11,081 | €10,725 | -€356 | -3.2% |
| Recurring financial charges | 65 | €11,081 | €10,725 | -€356 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €69,946 | €143,358 | +€73,412 | +105.0% |
| Income taxes | 67/77 | €25,325 | €45,049 | +€19,723 | +77.9% |
| Profit (loss) for the period | 9904 | €44,621 | €98,310 | +€53,689 | +120.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,621 | €98,310 | +€53,689 | +120.3% |
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.