Nec+ Ultra: 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.
Nec+ Ultra
Largest movements
- Receivables within one year +€94,576
up €94,576 (+36.3%), from €260,350 to €354,925
of which Other amounts receivable: +€94,485
- Financial fixed assets -€42,424
down €42,424 (-99.3%), from €42,738 to €314
- Cash -€11,308
down €11,308 (-95.4%), from €11,855 to €547
mainly Receivables within one year (-€94,576) and Net result for the year (-€29,025)
- Trade debts +€55,988
up €55,988 (+80.0%), from €70,008 to €125,995
- Profit (loss) carried forward -€29,025
down €29,025 (-55.3%), from -€52,440 to -€81,465
- Other debts +€11,794
up €11,794 (+4.4%), from €267,788 to €279,582
- Financial charges +€44,457
up €44,457 (+635%), from €6,997 to €51,454
of which Non-recurring financial charges: +€42,424
- Gross operating margin -€18,739
down €18,739 (-72.8%), from €25,745 to €7,006
- Financial income +€3,558
up €3,558 (+29.0%), from €12,273 to €15,831
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 | €314,943 | €355,786 | +€40,843 | +13.0% |
| Fixed assets | 21/28 | €42,738 | €314 | -€42,424 | -99.3% |
| Financial fixed assets | 28 | €42,738 | €314 | -€42,424 | -99.3% |
| Current assets | 29/58 | €272,205 | €355,472 | +€83,267 | +30.6% |
| Amounts receivable within one year | 40/41 | €260,350 | €354,925 | +€94,576 | +36.3% |
| Trade receivables | 40 | €23,417 | €23,508 | +€91 | +0.4% |
| Other amounts receivable | 41 | €236,932 | €331,417 | +€94,485 | +39.9% |
| Cash at bank and in hand | 54/58 | €11,855 | €547 | -€11,308 | -95.4% |
| Total equity and liabilities | 10/49 | €314,943 | €355,786 | +€40,843 | +13.0% |
| Equity | 10/15 | -€31,980 | -€61,005 | -€29,025 | -90.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,440 | -€81,465 | -€29,025 | -55.3% |
| Amounts payable | 17/49 | €346,923 | €416,791 | +€69,868 | +20.1% |
| Amounts payable within one year | 42/48 | €337,795 | €406,024 | +€68,229 | +20.2% |
| Trade debts | 44 | €70,008 | €125,995 | +€55,988 | +80.0% |
| Suppliers | 440/4 | €70,008 | €125,995 | +€55,988 | +80.0% |
| Taxes, remuneration and social security | 45 | - | €447 | +€447 | |
| Taxes | 450/3 | - | €447 | +€447 | |
| Other amounts payable | 47/48 | €267,788 | €279,582 | +€11,794 | +4.4% |
| Accrued charges and deferred income | 492/3 | €9,128 | €10,767 | +€1,639 | +18.0% |
| Other operating charges | 640/8 | €387 | €408 | +€20 | +5.3% |
| Gross operating margin | 9900 | €25,745 | €7,006 | -€18,739 | -72.8% |
| Operating profit (loss) | 9901 | €25,358 | €6,598 | -€18,760 | -74.0% |
| Financial income | 75/76B | €12,273 | €15,831 | +€3,558 | +29.0% |
| Recurring financial income | 75 | €12,273 | €15,831 | +€3,558 | +29.0% |
| Financial charges | 65/66B | €6,997 | €51,454 | +€44,457 | +635% |
| Recurring financial charges | 65 | €6,997 | €9,030 | +€2,033 | +29.1% |
| Non-recurring financial charges | 66B | - | €42,424 | +€42,424 | |
| Profit (loss) for the period before taxes | 9903 | €30,634 | -€29,025 | -€59,659 | |
| Profit (loss) for the period | 9904 | €30,634 | -€29,025 | -€59,659 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,634 | -€29,025 | -€59,659 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.