PLUS ULTRA: what changed
Two fiscal 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.
PLUS ULTRA
Largest movements
- Cash -€15,775
down €15,775 (-30.6%), from €51,473 to €35,698
mainly Debts after one year (-€16,609) and Contributions, distributions and other (-€10,000)
- Tangible fixed assets -€11,251
down €11,251 (-7.5%), from €149,349 to €138,098
of which Land and buildings: -€13,013
- Receivables within one year -€8,167
down €8,167 (-53.9%), from €15,164 to €6,996
of which Trade receivables: -€12,471
- Debts after one year -€16,609
down €16,609 (-16.3%), from €101,884 to €85,275
- Reserves -€10,000
down €10,000 (-11.3%), from €88,435 to €78,435
- Profit (loss) carried forward -€4,193
down €4,193, from €175 to -€4,018
- Tax, wage and social debts -€2,620
no longer reported in 2025 (was €2,620)
- Trade debts -€2,202
down €2,202 (-43.5%), from €5,066 to €2,863
- Gross operating margin -€16,541
down €16,541 (-49.2%), from €33,610 to €17,069
- Depreciation -€3,631
down €3,631 (-19.7%), from €18,393 to €14,763
- Taxes -€2,949
down €2,949 (-100.0%), from €2,949 to €0
- Other operating charges +€1,599
up €1,599 (+2664.6%), from €60 to €1,659
- Financial charges -€525
down €525 (-9.7%), from €5,419 to €4,894
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 | €218,059 | €182,260 | -€35,799 | -16.4% |
| Fixed assets | 21/28 | €149,349 | €138,098 | -€11,251 | -7.5% |
| Tangible fixed assets | 22/27 | €149,349 | €138,098 | -€11,251 | -7.5% |
| Land and buildings | 22 | €146,569 | €133,556 | -€13,013 | -8.9% |
| Plant, machinery and equipment | 23 | €0 | €1,123 | +€1,123 | |
| Furniture and vehicles | 24 | €2,780 | €3,419 | +€639 | +23.0% |
| Current assets | 29/58 | €68,710 | €44,162 | -€24,548 | -35.7% |
| Amounts receivable within one year | 40/41 | €15,164 | €6,996 | -€8,167 | -53.9% |
| Trade receivables | 40 | €13,113 | €641 | -€12,471 | -95.1% |
| Other amounts receivable | 41 | €2,051 | €6,355 | +€4,304 | +209.9% |
| Cash at bank and in hand | 54/58 | €51,473 | €35,698 | -€15,775 | -30.6% |
| Deferred charges and accrued income | 490/1 | €2,073 | €1,468 | -€606 | -29.2% |
| Total equity and liabilities | 10/49 | €218,059 | €182,260 | -€35,799 | -16.4% |
| Equity | 10/15 | €91,610 | €77,417 | -€14,193 | -15.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €88,435 | €78,435 | -€10,000 | -11.3% |
| Distributable reserves | 133 | €88,435 | €78,435 | -€10,000 | -11.3% |
| Profit (loss) carried forward | 14 | €175 | -€4,018 | -€4,193 | |
| Amounts payable | 17/49 | €126,449 | €104,843 | -€21,605 | -17.1% |
| Amounts payable after more than one year | 17 | €101,884 | €85,275 | -€16,609 | -16.3% |
| Financial debts | 170/4 | €101,884 | €85,275 | -€16,609 | -16.3% |
| Amounts payable within one year | 42/48 | €24,565 | €19,487 | -€5,078 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €15,955 | €16,609 | +€654 | +4.1% |
| Trade debts | 44 | €5,066 | €2,863 | -€2,202 | -43.5% |
| Suppliers | 440/4 | €5,066 | €2,863 | -€2,202 | -43.5% |
| Taxes, remuneration and social security | 45 | €2,620 | - | -€2,620 | |
| Taxes | 450/3 | €2,620 | - | -€2,620 | |
| Other amounts payable | 47/48 | €924 | €15 | -€909 | -98.4% |
| Accrued charges and deferred income | 492/3 | - | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,393 | €14,763 | -€3,631 | -19.7% |
| Other operating charges | 640/8 | €60 | €1,659 | +€1,599 | +2664.6% |
| Gross operating margin | 9900 | €33,610 | €17,069 | -€16,541 | -49.2% |
| Operating profit (loss) | 9901 | €15,157 | €648 | -€14,509 | -95.7% |
| Financial income | 75/76B | €3 | €53 | +€50 | +1959.1% |
| Recurring financial income | 75 | €3 | €53 | +€50 | +1959.1% |
| Financial charges | 65/66B | €5,419 | €4,894 | -€525 | -9.7% |
| Recurring financial charges | 65 | €5,419 | €4,894 | -€525 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €9,741 | -€4,193 | -€13,934 | |
| Income taxes | 67/77 | €2,949 | €0 | -€2,949 | -100.0% |
| Profit (loss) for the period | 9904 | €6,792 | -€4,193 | -€10,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,792 | -€4,193 | -€10,985 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.