NG ULBEEK: 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.
NG ULBEEK
Largest movements
- Tangible fixed assets -€39,000
down €39,000 (-13.8%), from €283,210 to €244,210
of which Land and buildings: -€26,235
- Cash -€8,323
down €8,323 (-43.8%), from €18,994 to €10,671
mainly Debts after one year (-€38,568) and Net result for the year (-€4,225)
- Receivables within one year +€3,865
new in 2024: €3,865
- Debts after one year -€38,568
down €38,568 (-15.0%), from €257,845 to €219,277
of which Financial debts: -€20,518
- Profit (loss) carried forward -€4,225
down €4,225 (-2.8%), from -€150,515 to -€154,740
- Financial income -€28,030
down €28,030 (-100.0%), from €28,035 to €5
- Gross operating margin -€10,236
down €10,236 (-21.0%), from €48,755 to €38,519
- Depreciation -€2,802
down €2,802 (-6.7%), from €41,802 to €39,000
- Financial charges -€589
down €589 (-19.0%), from €3,098 to €2,509
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,254 | €259,244 | -€43,010 | -14.2% |
| Fixed assets | 21/28 | €283,260 | €244,260 | -€39,000 | -13.8% |
| Tangible fixed assets | 22/27 | €283,210 | €244,210 | -€39,000 | -13.8% |
| Land and buildings | 22 | €244,607 | €218,372 | -€26,235 | -10.7% |
| Plant, machinery and equipment | 23 | €25,363 | €17,074 | -€8,289 | -32.7% |
| Furniture and vehicles | 24 | €13,240 | €8,764 | -€4,476 | -33.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €18,994 | €14,983 | -€4,011 | -21.1% |
| Amounts receivable within one year | 40/41 | - | €3,865 | +€3,865 | |
| Trade receivables | 40 | - | €3,865 | +€3,865 | |
| Cash at bank and in hand | 54/58 | €18,994 | €10,671 | -€8,323 | -43.8% |
| Deferred charges and accrued income | 490/1 | - | €448 | +€448 | |
| Total equity and liabilities | 10/49 | €302,254 | €259,244 | -€43,010 | -14.2% |
| Equity | 10/15 | €13,458 | €9,233 | -€4,225 | -31.4% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €95,381 | €95,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €744 | €744 | = | 0.0% |
| Reserves not available under the articles | 1311 | €744 | €744 | = | 0.0% |
| Distributable reserves | 133 | €94,637 | €94,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,515 | -€154,740 | -€4,225 | -2.8% |
| Amounts payable | 17/49 | €288,796 | €250,011 | -€38,785 | -13.4% |
| Amounts payable after more than one year | 17 | €257,845 | €219,277 | -€38,568 | -15.0% |
| Financial debts | 170/4 | €98,747 | €78,230 | -€20,518 | -20.8% |
| Other amounts payable | 178/9 | €159,098 | €141,047 | -€18,051 | -11.3% |
| Amounts payable within one year | 42/48 | €29,077 | €28,846 | -€231 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €20,234 | €20,533 | +€299 | +1.5% |
| Trade debts | 44 | €3,755 | €2,771 | -€984 | -26.2% |
| Suppliers | 440/4 | €3,755 | €2,771 | -€984 | -26.2% |
| Taxes, remuneration and social security | 45 | €5,088 | €5,542 | +€454 | +8.9% |
| Taxes | 450/3 | €5,088 | €5,542 | +€454 | +8.9% |
| Accrued charges and deferred income | 492/3 | €1,874 | €1,889 | +€15 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,802 | €39,000 | -€2,802 | -6.7% |
| Other operating charges | 640/8 | €1,353 | €1,101 | -€251 | -18.6% |
| Gross operating margin | 9900 | €48,755 | €38,519 | -€10,236 | -21.0% |
| Operating profit (loss) | 9901 | €5,601 | -€1,582 | -€7,183 | |
| Financial income | 75/76B | €28,035 | €5 | -€28,030 | -100.0% |
| Recurring financial income | 75 | €28,035 | €5 | -€28,030 | -100.0% |
| Financial charges | 65/66B | €3,098 | €2,509 | -€589 | -19.0% |
| Recurring financial charges | 65 | €3,098 | €2,509 | -€589 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €30,538 | -€4,086 | -€34,624 | |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | €30,406 | -€4,225 | -€34,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,406 | -€4,225 | -€34,632 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.