UL3: 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.
What changed
UL3
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €116,605+€908,159
Equity
€5.6m
2024 · €4.6m+€1.0m
Cash
€1.1m
2024 · €237,446+€814,605
Balance sheet total
€10.6m
2024 · €9.8m+€802,092
Largest movements
Assets
- Cash +€814,605
up €814,605 (+343.1%), from €237,446 to €1.1m
mainly Net result for the year (+€1.0m) and Receivables within one year (+€10,658)
Equity and liabilities
- Profit (loss) carried forward +€1.0m
up €1.0m (+103.5%), from €990,378 to €2.0m
- Tax, wage and social debts -€157,672
down €157,672 (-89.0%), from €177,205 to €19,533
Income statement
- Financial charges -€6.0m
down €6.0m (-94.5%), from €6.4m to €351,633
- Gross operating margin -€4.4m
no longer reported in 2025 (was €4.4m)
- Financial income -€2.3m
down €2.3m (-99.7%), from €2.3m to €7,904
- Turnover +€2.2m
new in 2025: €2.2m
- Services and other goods +€494,627
new in 2025: €494,627
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.
Result 2024
€116,605
Turnover
+€2.2m
Other operating income
+€1,650
Services and other goods
-€494,627
Depreciation
+€9,279
Other operating charges
-€86
Other operating items
-€4.4m
Financial income
-€2.3m
Financial charges
+€6.0m
Taxes
-€133,833
Result 2025
€1.0m
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.
From operations
+€814,605
Investment
+€0
Financing
€0
Cash 2024
€237,446
From operations (derived)
+€814,605
Net result for the year
+€1.0m
Depreciation
+€1,856
Receivables within one year
+€10,658
Trade debts
-€65,000
Tax, wage and social debts
-€157,672
Investment (derived)
+€0
Current investments
+€0
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,819,533 | €10,621,624 | +€802,092 | +8.2% |
| Fixed assets | 21/28 | €9,512,457 | €9,510,601 | -€1,856 | 0.0% |
| Tangible fixed assets | 22/27 | €1,856 | - | -€1,856 | |
| Furniture and vehicles | 24 | €1,856 | - | -€1,856 | |
| Financial fixed assets | 28 | €9,510,601 | €9,510,601 | = | 0.0% |
| Affiliated companies | 280/1 | - | €9,510,601 | +€9.5m | |
| Participating interests | 280 | - | €9,510,601 | +€9.5m | |
| Current assets | 29/58 | €307,076 | €1,111,023 | +€803,947 | +261.8% |
| Amounts receivable within one year | 40/41 | €69,629 | €58,972 | -€10,658 | -15.3% |
| Other amounts receivable | 41 | €69,629 | €58,972 | -€10,658 | -15.3% |
| Current investments | 50/53 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €237,446 | €1,052,052 | +€814,605 | +343.1% |
| Total equity and liabilities | 10/49 | €9,819,533 | €10,621,624 | +€802,092 | +8.2% |
| Equity | 10/15 | €4,577,328 | €5,602,091 | +€1.0m | +22.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,524,950 | €3,524,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €3,500,000 | €3,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €990,378 | €2,015,141 | +€1.0m | +103.5% |
| Amounts payable | 17/49 | €5,242,205 | €5,019,533 | -€222,672 | -4.2% |
| Amounts payable within one year | 42/48 | €5,242,205 | €5,019,533 | -€222,672 | -4.2% |
| Financial debts | 43 | €5,000,000 | €5,000,000 | = | 0.0% |
| Other loans | 439 | €5,000,000 | €5,000,000 | = | 0.0% |
| Trade debts | 44 | €65,000 | - | -€65,000 | |
| Suppliers | 440/4 | €65,000 | - | -€65,000 | |
| Taxes, remuneration and social security | 45 | €177,205 | €19,533 | -€157,672 | -89.0% |
| Taxes | 450/3 | €177,205 | €19,533 | -€157,672 | -89.0% |
| Operating income | 70/76A | - | €2,201,650 | +€2.2m | |
| Turnover | 70 | - | €2,200,000 | +€2.2m | |
| Other operating income | 74 | - | €1,650 | +€1,650 | |
| Operating charges | 60/66A | - | €497,782 | +€497,782 | |
| Services and other goods | 61 | - | €494,627 | +€494,627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,135 | €1,856 | -€9,279 | -83.3% |
| Other operating charges | 640/8 | €1,214 | €1,299 | +€86 | +7.1% |
| Gross operating margin | 9900 | €4,352,394 | - | -€4.4m | |
| Operating profit (loss) | 9901 | €4,340,045 | €1,703,868 | -€2.6m | -60.7% |
| Financial income | 75/76B | €2,339,287 | €7,904 | -€2.3m | -99.7% |
| Recurring financial income | 75 | €2,339,287 | €7,904 | -€2.3m | -99.7% |
| Income from current assets | 751 | - | €7,904 | +€7,904 | |
| Financial charges | 65/66B | €6,361,184 | €351,633 | -€6.0m | -94.5% |
| Recurring financial charges | 65 | €6,361,184 | €351,633 | -€6.0m | -94.5% |
| Debt charges | 650 | - | €351,152 | +€351,152 | |
| Other financial charges | 652/9 | - | €480 | +€480 | |
| Profit (loss) for the period before taxes | 9903 | €318,148 | €1,360,140 | +€1.0m | +327.5% |
| Income taxes | 67/77 | €201,543 | €335,376 | +€133,833 | +66.4% |
| Taxes | 670/3 | - | €340,376 | +€340,376 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | €116,605 | €1,024,763 | +€908,159 | +778.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,605 | €1,024,763 | +€908,159 | +778.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.