ULAS IMMO: 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.
ULAS IMMO
Largest movements
- Receivables after one year +€364,367
up €364,367 (+257%), from €141,664 to €506,031
- Receivables within one year +€219,475
up €219,475 (+109%), from €201,977 to €421,452
of which Trade receivables: +€238,362
- Tangible fixed assets +€48,074
up €48,074 (+6.6%), from €723,555 to €771,629
of which Furniture and vehicles: +€37,413
- Trade debts +€347,587
up €347,587 (+74.3%), from €468,014 to €815,601
- Reserves +€103,030
up €103,030 (+36.9%), from €278,892 to €381,922
of which Distributable reserves: +€103,030
- Other debts +€99,605
up €99,605 (+1,333%), from €7,471 to €107,076
- Tax, wage and social debts +€57,200
up €57,200 (+45.4%), from €125,941 to €183,141
of which Taxes: +€69,308
- Debts after one year -€31,442
down €31,442 (-8.8%), from €359,266 to €327,824
- Gross operating margin +€292,022
up €292,022 (+103%), from €284,466 to €576,488
- Taxes +€78,298
up €78,298 (+3,743%), from €2,092 to €80,390
- Financial income -€28,167
down €28,167 (-99.9%), from €28,206 to €39
of which Non-recurring financial income: -€28,206
- Staff costs +€15,375
up €15,375 (+8.9%), from €172,697 to €188,072
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.
Derived cash bridge
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 | €1,319,365 | €1,916,061 | +€596,696 | +45.2% |
| Fixed assets | 21/28 | €751,113 | €789,187 | +€38,074 | +5.1% |
| Intangible fixed assets | 21 | €11,858 | €1,858 | -€10,000 | -84.3% |
| Tangible fixed assets | 22/27 | €723,555 | €771,629 | +€48,074 | +6.6% |
| Land and buildings | 22 | €670,603 | €685,814 | +€15,211 | +2.3% |
| Plant, machinery and equipment | 23 | €35,982 | €31,432 | -€4,550 | -12.6% |
| Furniture and vehicles | 24 | €16,970 | €54,383 | +€37,413 | +220% |
| Financial fixed assets | 28 | €15,700 | €15,700 | = | 0.0% |
| Current assets | 29/58 | €568,252 | €1,126,874 | +€558,622 | +98.3% |
| Amounts receivable after more than one year | 29 | €141,664 | €506,031 | +€364,367 | +257% |
| Other amounts receivable | 291 | €141,664 | €506,031 | +€364,367 | +257% |
| Stocks and contracts in progress | 3 | €187,699 | €172,216 | -€15,483 | -8.2% |
| Stocks | 30/36 | €187,699 | €172,216 | -€15,483 | -8.2% |
| Amounts receivable within one year | 40/41 | €201,977 | €421,452 | +€219,475 | +109% |
| Trade receivables | 40 | €182,715 | €421,077 | +€238,362 | +130% |
| Other amounts receivable | 41 | €19,261 | €375 | -€18,886 | -98.1% |
| Cash at bank and in hand | 54/58 | €36,695 | €21,038 | -€15,657 | -42.7% |
| Deferred charges and accrued income | 490/1 | €217 | €6,137 | +€5,920 | +2,725% |
| Total equity and liabilities | 10/49 | €1,319,365 | €1,916,061 | +€596,696 | +45.2% |
| Equity | 10/15 | €297,492 | €400,522 | +€103,030 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,892 | €381,922 | +€103,030 | +36.9% |
| 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 | €277,032 | €380,062 | +€103,030 | +37.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,021,873 | €1,515,539 | +€493,666 | +48.3% |
| Amounts payable after more than one year | 17 | €359,266 | €327,824 | -€31,442 | -8.8% |
| Financial debts | 170/4 | €359,266 | €327,824 | -€31,442 | -8.8% |
| Amounts payable within one year | 42/48 | €659,938 | €1,179,463 | +€519,525 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €56,638 | €72,793 | +€16,155 | +28.5% |
| Financial debts | 43 | €1,873 | €852 | -€1,021 | -54.5% |
| Credit institutions | 430/8 | €1,873 | €852 | -€1,021 | -54.5% |
| Trade debts | 44 | €468,014 | €815,601 | +€347,587 | +74.3% |
| Suppliers | 440/4 | €468,014 | €815,601 | +€347,587 | +74.3% |
| Taxes, remuneration and social security | 45 | €125,941 | €183,141 | +€57,200 | +45.4% |
| Taxes | 450/3 | €75,327 | €144,635 | +€69,308 | +92.0% |
| Remuneration and social security | 454/9 | €50,614 | €38,506 | -€12,108 | -23.9% |
| Other amounts payable | 47/48 | €7,471 | €107,076 | +€99,605 | +1,333% |
| Accrued charges and deferred income | 492/3 | €2,669 | €8,252 | +€5,583 | +209% |
| Remuneration, social security and pensions | 62 | €172,697 | €188,072 | +€15,375 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,928 | €66,648 | +€2,720 | +4.3% |
| Other operating charges | 640/8 | €32,621 | €28,371 | -€4,250 | -13.0% |
| Gross operating margin | 9900 | €284,466 | €576,488 | +€292,022 | +103% |
| Operating profit (loss) | 9901 | €15,220 | €293,397 | +€278,177 | +1,828% |
| Financial income | 75/76B | €28,206 | €39 | -€28,167 | -99.9% |
| Recurring financial income | 75 | €28,206 | €39 | -€28,167 | -99.9% |
| Non-recurring financial income | 76B | €28,206 | - | -€28,206 | |
| Financial charges | 65/66B | €23,059 | €24,189 | +€1,130 | +4.9% |
| Recurring financial charges | 65 | €23,059 | €24,189 | +€1,130 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €20,367 | €269,247 | +€248,880 | +1,222% |
| Income taxes | 67/77 | €2,092 | €80,390 | +€78,298 | +3,743% |
| Profit (loss) for the period | 9904 | €18,275 | €188,857 | +€170,582 | +933% |
| Profit (loss) for the period to be appropriated | 9905 | €18,275 | €188,857 | +€170,582 | +933% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.