LANCELOT ULLENS: 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.
LANCELOT ULLENS
Largest movements
- Cash -€36,900
down €36,900 (-21.0%), from €175,895 to €138,995
mainly Contributions, distributions and other (-€112,500) and Investment in fixed assets (net) (-€2,583)
- Profit (loss) carried forward -€49,664
down €49,664 (-98.7%), from €50,328 to €663
- Contributions +€12,500
up €12,500 (+200%), from €6,250 to €18,750
- Other debts -€2,436
down €2,436 (-13.2%), from €18,420 to €15,984
- Tax, wage and social debts +€2,103
up €2,103 (+12.6%), from €16,629 to €18,731
- Taxes -€7,080
down €7,080 (-39.5%), from €17,935 to €10,855
- Gross operating margin -€1,342
down €1,342 (-1.4%), from €92,820 to €91,479
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 | €196,471 | €157,368 | -€39,103 | -19.9% |
| Fixed assets | 21/28 | €16,648 | €14,863 | -€1,785 | -10.7% |
| Tangible fixed assets | 22/27 | €16,648 | €14,863 | -€1,785 | -10.7% |
| Furniture and vehicles | 24 | €11,153 | €10,875 | -€278 | -2.5% |
| Other tangible fixed assets | 26 | €5,495 | €3,988 | -€1,507 | -27.4% |
| Current assets | 29/58 | €179,824 | €142,505 | -€37,319 | -20.8% |
| Amounts receivable within one year | 40/41 | €3,182 | €2,730 | -€452 | -14.2% |
| Trade receivables | 40 | €3,182 | €2,730 | -€452 | -14.2% |
| Cash at bank and in hand | 54/58 | €175,895 | €138,995 | -€36,900 | -21.0% |
| Deferred charges and accrued income | 490/1 | €747 | €780 | +€33 | +4.5% |
| Total equity and liabilities | 10/49 | €196,471 | €157,368 | -€39,103 | -19.9% |
| Equity | 10/15 | €158,453 | €121,288 | -€37,164 | -23.5% |
| Contributions | 10/11 | €6,250 | €18,750 | +€12,500 | +200% |
| Reserves | 13 | €101,875 | €101,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,328 | €663 | -€49,664 | -98.7% |
| Amounts payable | 17/49 | €38,018 | €36,080 | -€1,939 | -5.1% |
| Amounts payable within one year | 42/48 | €38,018 | €36,080 | -€1,939 | -5.1% |
| Trade debts | 44 | €2,970 | €1,365 | -€1,605 | -54.1% |
| Suppliers | 440/4 | €2,970 | €1,365 | -€1,605 | -54.1% |
| Taxes, remuneration and social security | 45 | €16,629 | €18,731 | +€2,103 | +12.6% |
| Taxes | 450/3 | €16,629 | €18,731 | +€2,103 | +12.6% |
| Other amounts payable | 47/48 | €18,420 | €15,984 | -€2,436 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,896 | €4,368 | +€472 | +12.1% |
| Other operating charges | 640/8 | €567 | €584 | +€17 | +3.0% |
| Gross operating margin | 9900 | €92,820 | €91,479 | -€1,342 | -1.4% |
| Operating profit (loss) | 9901 | €88,357 | €86,527 | -€1,831 | -2.1% |
| Financial income | 75/76B | €21 | €6 | -€15 | -71.6% |
| Recurring financial income | 75 | €21 | €6 | -€15 | -71.6% |
| Financial charges | 65/66B | €278 | €342 | +€64 | +23.0% |
| Recurring financial charges | 65 | €278 | €342 | +€64 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €88,101 | €86,191 | -€1,910 | -2.2% |
| Income taxes | 67/77 | €17,935 | €10,855 | -€7,080 | -39.5% |
| Profit (loss) for the period | 9904 | €70,166 | €75,336 | +€5,170 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,166 | €75,336 | +€5,170 | +7.4% |
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 31 October 2026 via checked.be.