R. Ullens Consulting: 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.
R. Ullens Consulting
Largest movements
- Cash -€37,163
down €37,163 (-51.9%), from €71,647 to €34,484
mainly Investment in fixed assets (net) (-€43,397) and Accrued charges and deferred income (-€19,038)
- Tangible fixed assets +€34,795
up €34,795 (+5,312%), from €655 to €35,450
of which Furniture and vehicles: +€33,529
- Receivables within one year +€11,806
up €11,806 (+53.1%), from €22,251 to €34,057
of which Trade receivables: +€9,872
- Intangible fixed assets +€3,173
up €3,173 (+295%), from €1,074 to €4,247
- Debts after one year +€24,367
new in 2025: €24,367
- Accrued charges and deferred income -€19,038
no longer reported in 2025 (was €19,038)
- Other debts +€7,753
up €7,753 (+100%), from €7,725 to €15,478
- Profit (loss) carried forward -€6,811
down €6,811 (-12.7%), from €53,824 to €47,013
- Current portion of long-term debt +€6,343
new in 2025: €6,343
- Gross operating margin -€37,511
down €37,511 (-86.4%), from €43,429 to €5,918
- Depreciation +€5,045
up €5,045 (+1,314%), from €384 to €5,429
- Financial income -€4,756
down €4,756 (-99.5%), from €4,781 to €25
- Taxes -€4,260
down €4,260 (-98.5%), from €4,326 to €66
- Financial charges +€1,041
up €1,041 (+973%), from €107 to €1,148
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 | €95,712 | €108,605 | +€12,893 | +13.5% |
| Fixed assets | 21/28 | €1,814 | €39,782 | +€37,968 | +2,093% |
| Intangible fixed assets | 21 | €1,074 | €4,247 | +€3,173 | +295% |
| Tangible fixed assets | 22/27 | €655 | €35,450 | +€34,795 | +5,312% |
| Plant, machinery and equipment | 23 | - | €1,266 | +€1,266 | |
| Furniture and vehicles | 24 | €655 | €34,184 | +€33,529 | +5,119% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €93,898 | €68,823 | -€25,075 | -26.7% |
| Amounts receivable within one year | 40/41 | €22,251 | €34,057 | +€11,806 | +53.1% |
| Trade receivables | 40 | €7,401 | €17,273 | +€9,872 | +133% |
| Other amounts receivable | 41 | €14,850 | €16,784 | +€1,934 | +13.0% |
| Cash at bank and in hand | 54/58 | €71,647 | €34,484 | -€37,163 | -51.9% |
| Deferred charges and accrued income | 490/1 | - | €282 | +€282 | |
| Total equity and liabilities | 10/49 | €95,712 | €108,605 | +€12,893 | +13.5% |
| Equity | 10/15 | €56,824 | €50,013 | -€6,811 | -12.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,824 | €47,013 | -€6,811 | -12.7% |
| Amounts payable | 17/49 | €38,888 | €58,592 | +€19,704 | +50.7% |
| Amounts payable after more than one year | 17 | - | €24,367 | +€24,367 | |
| Financial debts | 170/4 | - | €24,367 | +€24,367 | |
| Amounts payable within one year | 42/48 | €19,850 | €34,225 | +€14,375 | +72.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,343 | +€6,343 | |
| Trade debts | 44 | €1,262 | €2,310 | +€1,048 | +83.0% |
| Suppliers | 440/4 | €1,262 | €2,310 | +€1,048 | +83.0% |
| Taxes, remuneration and social security | 45 | €10,863 | €10,094 | -€769 | -7.1% |
| Taxes | 450/3 | €10,863 | €10,094 | -€769 | -7.1% |
| Other amounts payable | 47/48 | €7,725 | €15,478 | +€7,753 | +100% |
| Accrued charges and deferred income | 492/3 | €19,038 | - | -€19,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €5,429 | +€5,045 | +1,314% |
| Other operating charges | 640/8 | - | €229 | +€229 | |
| Gross operating margin | 9900 | €43,429 | €5,918 | -€37,511 | -86.4% |
| Operating profit (loss) | 9901 | €43,045 | €260 | -€42,785 | -99.4% |
| Financial income | 75/76B | €4,781 | €25 | -€4,756 | -99.5% |
| Recurring financial income | 75 | €4,781 | €25 | -€4,756 | -99.5% |
| Financial charges | 65/66B | €107 | €1,148 | +€1,041 | +973% |
| Recurring financial charges | 65 | €107 | €1,148 | +€1,041 | +973% |
| Profit (loss) for the period before taxes | 9903 | €47,719 | -€863 | -€48,582 | |
| Income taxes | 67/77 | €4,326 | €66 | -€4,260 | -98.5% |
| Profit (loss) for the period | 9904 | €43,393 | -€929 | -€44,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,393 | -€929 | -€44,322 |
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 15 October 2026 via checked.be.