Ukiyo: 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.
Ukiyo
Largest movements
- Tangible fixed assets -€174,741
down €174,741 (-11.5%), from €1.5m to €1.3m
of which Land and buildings: -€106,077
- Deferred charges and accrued income -€60,000
no longer reported in 2025 (was €60,000)
- Receivables within one year -€18,720
down €18,720 (-78.0%), from €24,000 to €5,280
- Debts after one year -€376,568
down €376,568 (-25.8%), from €1.5m to €1.1m
of which Financial debts: -€376,568
- Tax, wage and social debts +€88,566
up €88,566 (+178%), from €49,803 to €138,369
of which Remuneration and social security: +€85,103
- Profit (loss) carried forward -€22,826
down €22,826 (-6.0%), from -€380,211 to -€403,038
- Other debts +€22,146
up €22,146 (+14.7%), from €150,197 to €172,344
- Gross operating margin +€70,933
up €70,933 (+12.7%), from €560,317 to €631,250
- Financial charges -€8,401
down €8,401 (-20.4%), from €41,103 to €32,702
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 | €1,637,340 | €1,377,916 | -€259,424 | -15.8% |
| Fixed assets | 21/28 | €1,528,727 | €1,353,785 | -€174,942 | -11.4% |
| Intangible fixed assets | 21 | €468 | €267 | -€201 | -43.0% |
| Tangible fixed assets | 22/27 | €1,523,460 | €1,348,719 | -€174,741 | -11.5% |
| Land and buildings | 22 | €1,259,279 | €1,153,202 | -€106,077 | -8.4% |
| Plant, machinery and equipment | 23 | €225,915 | €169,486 | -€56,429 | -25.0% |
| Furniture and vehicles | 24 | €31,096 | €20,510 | -€10,586 | -34.0% |
| Leasing and similar rights | 25 | €7,169 | €5,520 | -€1,649 | -23.0% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €108,613 | €24,131 | -€84,482 | -77.8% |
| Stocks and contracts in progress | 3 | €20,960 | €18,765 | -€2,195 | -10.5% |
| Stocks | 30/36 | €20,960 | €18,765 | -€2,195 | -10.5% |
| Amounts receivable within one year | 40/41 | €24,000 | €5,280 | -€18,720 | -78.0% |
| Other amounts receivable | 41 | €24,000 | €5,280 | -€18,720 | -78.0% |
| Cash at bank and in hand | 54/58 | €3,653 | €86 | -€3,567 | -97.6% |
| Deferred charges and accrued income | 490/1 | €60,000 | - | -€60,000 | |
| Total equity and liabilities | 10/49 | €1,637,340 | €1,377,916 | -€259,424 | -15.8% |
| Equity | 10/15 | -€230,211 | -€253,038 | -€22,826 | -9.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€380,211 | -€403,038 | -€22,826 | -6.0% |
| Amounts payable | 17/49 | €1,867,552 | €1,630,954 | -€236,597 | -12.7% |
| Amounts payable after more than one year | 17 | €1,459,007 | €1,082,439 | -€376,568 | -25.8% |
| Financial debts | 170/4 | €859,007 | €482,439 | -€376,568 | -43.8% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €397,836 | €531,799 | +€133,963 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €87,130 | €88,677 | +€1,546 | +1.8% |
| Financial debts | 43 | - | €12,731 | +€12,731 | |
| Credit institutions | 430/8 | - | €12,731 | +€12,731 | |
| Trade debts | 44 | €110,705 | €119,679 | +€8,973 | +8.1% |
| Suppliers | 440/4 | €110,705 | €119,679 | +€8,973 | +8.1% |
| Taxes, remuneration and social security | 45 | €49,803 | €138,369 | +€88,566 | +178% |
| Taxes | 450/3 | €29,493 | €32,956 | +€3,463 | +11.7% |
| Remuneration and social security | 454/9 | €20,310 | €105,413 | +€85,103 | +419% |
| Other amounts payable | 47/48 | €150,197 | €172,344 | +€22,146 | +14.7% |
| Accrued charges and deferred income | 492/3 | €10,708 | €16,716 | +€6,008 | +56.1% |
| Remuneration, social security and pensions | 62 | €443,161 | €437,423 | -€5,738 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,223 | €177,829 | -€395 | -0.2% |
| Other operating charges | 640/8 | €6,947 | €6,162 | -€785 | -11.3% |
| Gross operating margin | 9900 | €560,317 | €631,250 | +€70,933 | +12.7% |
| Operating profit (loss) | 9901 | -€68,015 | €9,836 | +€77,851 | |
| Financial income | 75/76B | €112 | €40 | -€72 | -64.2% |
| Recurring financial income | 75 | €112 | €40 | -€72 | -64.2% |
| Financial charges | 65/66B | €41,103 | €32,702 | -€8,401 | -20.4% |
| Recurring financial charges | 65 | €41,103 | €32,702 | -€8,401 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | -€109,006 | -€22,826 | +€86,180 | +79.1% |
| Profit (loss) for the period | 9904 | -€109,006 | -€22,826 | +€86,180 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,006 | -€22,826 | +€86,180 | +79.1% |
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 20 October 2026 via checked.be.