ULAC: 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.
ULAC
Largest movements
- Cash +€166,000
up €166,000 (+34.5%), from €481,657 to €647,658
mainly Net result for the year (+€135,726) and Depreciation (+€33,910)
- Receivables within one year +€14,581
up €14,581 (+15.1%), from €96,410 to €110,991
of which Other amounts receivable: +€17,834
- Reserves +€135,726
up €135,726 (+13.1%), from €1.0m to €1.2m
of which Distributable reserves: +€135,726
- Short-term financial debts +€20,000
new in 2024: €20,000
- Trade debts +€19,833
up €19,833 (+477.1%), from €4,157 to €23,990
- Gross operating margin +€79,362
up €79,362 (+61.4%), from €129,200 to €208,561
- Taxes +€23,238
up €23,238 (+93.8%), from €24,765 to €48,003
- Financial income +€8,506
up €8,506 (+107.7%), from €7,894 to €16,400
- Financial charges -€8,029
down €8,029 (-80.4%), from €9,987 to €1,957
- Depreciation +€3,901
up €3,901 (+13.0%), from €30,009 to €33,910
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.
Cash bridge derived
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 | €1,062,107 | €1,228,232 | +€166,125 | +15.6% |
| Fixed assets | 21/28 | €394,820 | €385,414 | -€9,406 | -2.4% |
| Tangible fixed assets | 22/27 | €391,964 | €382,558 | -€9,406 | -2.4% |
| Land and buildings | 22 | €353,968 | €341,050 | -€12,918 | -3.6% |
| Plant, machinery and equipment | 23 | €31,824 | €38,062 | +€6,238 | +19.6% |
| Furniture and vehicles | 24 | €6,171 | €3,446 | -€2,726 | -44.2% |
| Financial fixed assets | 28 | €2,857 | €2,857 | = | 0.0% |
| Current assets | 29/58 | €667,286 | €842,818 | +€175,531 | +26.3% |
| Amounts receivable after more than one year | 29 | €57,821 | €53,619 | -€4,201 | -7.3% |
| Other amounts receivable | 291 | €57,821 | €53,619 | -€4,201 | -7.3% |
| Stocks and contracts in progress | 3 | €27,469 | €27,169 | -€300 | -1.1% |
| Stocks | 30/36 | €27,469 | €27,169 | -€300 | -1.1% |
| Amounts receivable within one year | 40/41 | €96,410 | €110,991 | +€14,581 | +15.1% |
| Trade receivables | 40 | €8,782 | €5,529 | -€3,253 | -37.0% |
| Other amounts receivable | 41 | €87,628 | €105,462 | +€17,834 | +20.4% |
| Cash at bank and in hand | 54/58 | €481,657 | €647,658 | +€166,000 | +34.5% |
| Deferred charges and accrued income | 490/1 | €3,929 | €3,381 | -€549 | -14.0% |
| Total equity and liabilities | 10/49 | €1,062,107 | €1,228,232 | +€166,125 | +15.6% |
| Equity | 10/15 | €1,043,787 | €1,179,513 | +€135,726 | +13.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,037,582 | €1,173,308 | +€135,726 | +13.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,035,722 | €1,171,448 | +€135,726 | +13.1% |
| Amounts payable | 17/49 | €18,320 | €48,719 | +€30,399 | +165.9% |
| Amounts payable within one year | 42/48 | €18,320 | €48,719 | +€30,399 | +165.9% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Other loans | 439 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €4,157 | €23,990 | +€19,833 | +477.1% |
| Suppliers | 440/4 | €4,157 | €23,990 | +€19,833 | +477.1% |
| Taxes, remuneration and social security | 45 | €14,163 | €4,728 | -€9,434 | -66.6% |
| Taxes | 450/3 | €14,163 | €4,728 | -€9,434 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,009 | €33,910 | +€3,901 | +13.0% |
| Other operating charges | 640/8 | €4,854 | €5,366 | +€512 | +10.6% |
| Gross operating margin | 9900 | €129,200 | €208,561 | +€79,362 | +61.4% |
| Operating profit (loss) | 9901 | €94,337 | €169,286 | +€74,948 | +79.4% |
| Financial income | 75/76B | €7,894 | €16,400 | +€8,506 | +107.7% |
| Recurring financial income | 75 | €7,894 | €16,400 | +€8,506 | +107.7% |
| Financial charges | 65/66B | €9,987 | €1,957 | -€8,029 | -80.4% |
| Recurring financial charges | 65 | €9,987 | €1,957 | -€8,029 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €92,245 | €183,729 | +€91,483 | +99.2% |
| Income taxes | 67/77 | €24,765 | €48,003 | +€23,238 | +93.8% |
| Profit (loss) for the period | 9904 | €67,481 | €135,726 | +€68,245 | +101.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,481 | €135,726 | +€68,245 | +101.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.