ULASE: 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.
ULASE
Largest movements
- Tangible fixed assets -€10,050
no longer reported in 2025 (was €10,050)
- Receivables within one year +€9,937
up €9,937 (+3,775%), from €263 to €10,200
of which Other amounts receivable: +€9,937
- Cash +€1,342
up €1,342 (+7.4%), from €18,177 to €19,519
mainly Depreciation (+€10,050) and Net result for the year (+€8,168)
- Stocks and contracts +€408
up €408 (+4.5%), from €9,048 to €9,456
- Profit (loss) carried forward +€8,168
up €8,168 (+28.1%), from €29,077 to €37,245
- Tax, wage and social debts -€4,779
down €4,779 (-96.2%), from €4,970 to €191
- Trade debts -€1,502
down €1,502 (-68.0%), from €2,210 to €708
- Staff costs -€36,923
down €36,923 (-70.8%), from €52,167 to €15,244
- Gross operating margin -€35,104
down €35,104 (-50.5%), from €69,481 to €34,377
- Taxes -€4,845
down €4,845 (-90.6%), from €5,350 to €505
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 | €37,588 | €39,225 | +€1,637 | +4.4% |
| Fixed assets | 21/28 | €10,100 | €50 | -€10,050 | -99.5% |
| Tangible fixed assets | 22/27 | €10,050 | - | -€10,050 | |
| Furniture and vehicles | 24 | €10,050 | - | -€10,050 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €27,488 | €39,175 | +€11,687 | +42.5% |
| Stocks and contracts in progress | 3 | €9,048 | €9,456 | +€408 | +4.5% |
| Stocks | 30/36 | €9,048 | €9,456 | +€408 | +4.5% |
| Amounts receivable within one year | 40/41 | €263 | €10,200 | +€9,937 | +3,775% |
| Trade receivables | 40 | €263 | €263 | = | 0.0% |
| Other amounts receivable | 41 | - | €9,937 | +€9,937 | |
| Cash at bank and in hand | 54/58 | €18,177 | €19,519 | +€1,342 | +7.4% |
| Total equity and liabilities | 10/49 | €37,588 | €39,225 | +€1,637 | +4.4% |
| Equity | 10/15 | €29,187 | €37,355 | +€8,168 | +28.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Legal reserve | 130 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,077 | €37,245 | +€8,168 | +28.1% |
| Amounts payable | 17/49 | €8,400 | €1,870 | -€6,531 | -77.7% |
| Amounts payable within one year | 42/48 | €8,400 | €1,870 | -€6,531 | -77.7% |
| Financial debts | 43 | €971 | €971 | = | 0.0% |
| Credit institutions | 430/8 | €971 | €971 | = | 0.0% |
| Trade debts | 44 | €2,210 | €708 | -€1,502 | -68.0% |
| Suppliers | 440/4 | €2,210 | €708 | -€1,502 | -68.0% |
| Taxes, remuneration and social security | 45 | €4,970 | €191 | -€4,779 | -96.2% |
| Taxes | 450/3 | €4,970 | €191 | -€4,779 | -96.2% |
| Other amounts payable | 47/48 | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €52,167 | €15,244 | -€36,923 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,050 | €10,050 | = | 0.0% |
| Other operating charges | 640/8 | €627 | €177 | -€450 | -71.8% |
| Gross operating margin | 9900 | €69,481 | €34,377 | -€35,104 | -50.5% |
| Operating profit (loss) | 9901 | €6,638 | €8,907 | +€2,269 | +34.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €290 | €234 | -€56 | -19.2% |
| Recurring financial charges | 65 | €290 | €234 | -€56 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €6,348 | €8,673 | +€2,325 | +36.6% |
| Income taxes | 67/77 | €5,350 | €505 | -€4,845 | -90.6% |
| Profit (loss) for the period | 9904 | €998 | €8,168 | +€7,170 | +719% |
| Profit (loss) for the period to be appropriated | 9905 | €998 | €8,168 | +€7,170 | +719% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.