ULB Engagée: 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.
ULB Engagée
Largest movements
- Cash -€86,568
down €86,568 (-16.1%), from €537,829 to €451,261
- Receivables within one year -€23,349
down €23,349 (-28.7%), from €81,254 to €57,906
of which Other amounts receivable: -€22,901
- Accrued charges and deferred income -€124,274
down €124,274 (-27.6%), from €449,525 to €325,251
- Debts within one year +€17,076
up €17,076 (+30.7%), from €55,566 to €72,642
of which Advances received: +€16,968
- Staff costs -€30,580
down €30,580 (-6.3%), from €485,486 to €454,907
- Gross operating margin -€30,474
down €30,474 (-6.3%), from €485,722 to €455,248
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €621,102 | €513,904 | -€107,198 | -17.3% |
| Fixed assets | 21/28 | €1,263 | €1,263 | = | 0.0% |
| Financial fixed assets | 28 | €1,263 | €1,263 | = | 0.0% |
| Current assets | 29/58 | €619,839 | €512,641 | -€107,198 | -17.3% |
| Amounts receivable within one year | 40/41 | €81,254 | €57,906 | -€23,349 | -28.7% |
| Trade receivables | 40 | €3,594 | €3,146 | -€448 | -12.5% |
| Other amounts receivable | 41 | €77,660 | €54,760 | -€22,901 | -29.5% |
| Cash at bank and in hand | 54/58 | €537,829 | €451,261 | -€86,568 | -16.1% |
| Deferred charges and accrued income | 490/1 | €756 | €3,475 | +€2,719 | +360% |
| Total equity and liabilities | 10/49 | €621,102 | €513,904 | -€107,198 | -17.3% |
| Equity | 10/15 | €116,012 | €116,012 | = | 0.0% |
| Reserves | 13 | €66,837 | €66,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,174 | €49,174 | = | 0.0% |
| Amounts payable | 17/49 | €505,091 | €397,893 | -€107,198 | -21.2% |
| Amounts payable within one year | 42/48 | €55,566 | €72,642 | +€17,076 | +30.7% |
| Trade debts | 44 | €6,401 | €5,479 | -€922 | -14.4% |
| Suppliers | 440/4 | €6,401 | €5,479 | -€922 | -14.4% |
| Advances received on contracts in progress | 46 | - | €16,968 | +€16,968 | |
| Taxes, remuneration and social security | 45 | €49,165 | €49,797 | +€632 | +1.3% |
| Remuneration and social security | 454/9 | €49,165 | €49,797 | +€632 | +1.3% |
| Accrued charges and deferred income | 492/3 | €449,525 | €325,251 | -€124,274 | -27.6% |
| Remuneration, social security and pensions | 62 | €485,486 | €454,907 | -€30,580 | -6.3% |
| Other operating charges | 640/8 | €300 | €375 | +€75 | +25.2% |
| Gross operating margin | 9900 | €485,722 | €455,248 | -€30,474 | -6.3% |
| Operating profit (loss) | 9901 | -€64 | -€35 | +€30 | +46.2% |
| Financial income | 75/76B | €678 | €636 | -€43 | -6.3% |
| Recurring financial income | 75 | €678 | €636 | -€43 | -6.3% |
| Financial charges | 65/66B | €411 | €420 | +€10 | +2.3% |
| Recurring financial charges | 65 | €411 | €420 | +€10 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €203 | €181 | -€23 | -11.1% |
| Income taxes | 67/77 | €203 | €181 | -€23 | -11.1% |
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 16 October 2026 via checked.be.