FIRMA ULBA: 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.
FIRMA ULBA
Largest movements
- Cash +€64,045
up €64,045 (+373.5%), from €17,149 to €81,194
mainly Net result for the year (+€56,407) and Other debts (+€8,084)
- Reserves +€56,407
up €56,407 (+9.7%), from €580,283 to €636,689
- Financial income -€19,604
down €19,604 (-99.7%), from €19,669 to €65
- Gross operating margin +€13,001
up €13,001 (+15.6%), from €83,205 to €96,206
- Taxes -€1,889
down €1,889 (-6.6%), from €28,512 to €26,623
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 | €808,119 | €869,559 | +€61,440 | +7.6% |
| Fixed assets | 21/28 | €107,157 | €100,149 | -€7,008 | -6.5% |
| Tangible fixed assets | 22/27 | €107,157 | €100,149 | -€7,008 | -6.5% |
| Land and buildings | 22 | €98,467 | €92,837 | -€5,629 | -5.7% |
| Plant, machinery and equipment | 23 | €8,395 | €7,311 | -€1,083 | -12.9% |
| Furniture and vehicles | 24 | €295 | - | -€295 | |
| Current assets | 29/58 | €700,962 | €769,410 | +€68,447 | +9.8% |
| Amounts receivable within one year | 40/41 | - | €4,402 | +€4,402 | |
| Other amounts receivable | 41 | - | €4,402 | +€4,402 | |
| Current investments | 50/53 | €683,814 | €683,814 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,149 | €81,194 | +€64,045 | +373.5% |
| Total equity and liabilities | 10/49 | €808,119 | €869,559 | +€61,440 | +7.6% |
| Equity | 10/15 | €792,245 | €848,652 | +€56,407 | +7.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €580,283 | €636,689 | +€56,407 | +9.7% |
| Distributable reserves | 133 | €580,283 | €636,689 | +€56,407 | +9.7% |
| Profit (loss) carried forward | 14 | €149,463 | €149,463 | = | 0.0% |
| Amounts payable | 17/49 | €15,874 | €20,907 | +€5,033 | +31.7% |
| Amounts payable within one year | 42/48 | €15,874 | €20,171 | +€4,298 | +27.1% |
| Trade debts | 44 | €1,393 | €1,314 | -€80 | -5.7% |
| Suppliers | 440/4 | €1,393 | €1,314 | -€80 | -5.7% |
| Taxes, remuneration and social security | 45 | €11,571 | €7,864 | -€3,707 | -32.0% |
| Taxes | 450/3 | €3,071 | €450 | -€2,621 | -85.3% |
| Remuneration and social security | 454/9 | €8,500 | €7,414 | -€1,086 | -12.8% |
| Other amounts payable | 47/48 | €2,909 | €10,993 | +€8,084 | +277.9% |
| Accrued charges and deferred income | 492/3 | - | €736 | +€736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,219 | €7,008 | -€211 | -2.9% |
| Other operating charges | 640/8 | €6,045 | €6,234 | +€188 | +3.1% |
| Gross operating margin | 9900 | €83,205 | €96,206 | +€13,001 | +15.6% |
| Operating profit (loss) | 9901 | €69,941 | €82,965 | +€13,024 | +18.6% |
| Financial income | 75/76B | €19,669 | €65 | -€19,604 | -99.7% |
| Recurring financial income | 75 | €19,669 | €65 | -€19,604 | -99.7% |
| Financial charges | 65/66B | €0 | €0 | +€0 | +487.5% |
| Recurring financial charges | 65 | €0 | €0 | +€0 | +487.5% |
| Profit (loss) for the period before taxes | 9903 | €89,610 | €83,030 | -€6,581 | -7.3% |
| Income taxes | 67/77 | €28,512 | €26,623 | -€1,889 | -6.6% |
| Profit (loss) for the period | 9904 | €61,098 | €56,407 | -€4,691 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,098 | €56,407 | -€4,691 | -7.7% |
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 11 October 2026 via checked.be.