Ulean: 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.
Ulean
Largest movements
- Receivables within one year +€66,435
up €66,435 (+283.3%), from €23,448 to €89,882
of which Trade receivables: +€45,372
- Cash -€50,975
down €50,975 (-94.3%), from €54,034 to €3,059
mainly Receivables within one year (-€66,435) and Investment in fixed assets (net) (-€24,106)
- Tangible fixed assets +€21,542
up €21,542 (+692.8%), from €3,109 to €24,651
of which Other tangible fixed assets: +€23,251
- Trade debts +€63,529
up €63,529 (+3814.9%), from €1,665 to €65,195
- Profit (loss) carried forward -€14,971
down €14,971, from €4,370 to -€10,602
- Debts after one year -€8,631
down €8,631 (-15.0%), from €57,728 to €49,097
- Tax, wage and social debts -€3,284
down €3,284 (-92.4%), from €3,556 to €271
of which Taxes: -€3,284
- Gross operating margin -€2,701
down €2,701 (-29.3%), from -€9,206 to -€11,908
- Financial income +€1,164
up €1,164 (+171.9%), from €677 to €1,841
- Financial charges +€1,104
up €1,104 (+132.0%), from €837 to €1,941
- Depreciation +€824
up €824 (+47.4%), from €1,740 to €2,564
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,590 | €117,592 | +€37,002 | +45.9% |
| Fixed assets | 21/28 | €3,109 | €24,651 | +€21,542 | +692.8% |
| Tangible fixed assets | 22/27 | €3,109 | €24,651 | +€21,542 | +692.8% |
| Furniture and vehicles | 24 | €3,109 | €1,400 | -€1,709 | -55.0% |
| Other tangible fixed assets | 26 | - | €23,251 | +€23,251 | |
| Current assets | 29/58 | €77,481 | €92,941 | +€15,460 | +20.0% |
| Amounts receivable within one year | 40/41 | €23,448 | €89,882 | +€66,435 | +283.3% |
| Trade receivables | 40 | €12,000 | €57,372 | +€45,372 | +378.1% |
| Other amounts receivable | 41 | €11,448 | €32,511 | +€21,063 | +184.0% |
| Cash at bank and in hand | 54/58 | €54,034 | €3,059 | -€50,975 | -94.3% |
| Total equity and liabilities | 10/49 | €80,590 | €117,592 | +€37,002 | +45.9% |
| Equity | 10/15 | €9,370 | -€5,602 | -€14,971 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,370 | -€10,602 | -€14,971 | |
| Amounts payable | 17/49 | €71,221 | €123,194 | +€51,973 | +73.0% |
| Amounts payable after more than one year | 17 | €57,728 | €49,097 | -€8,631 | -15.0% |
| Financial debts | 170/4 | €57,728 | €49,097 | -€8,631 | -15.0% |
| Amounts payable within one year | 42/48 | €13,493 | €74,096 | +€60,604 | +449.2% |
| Current portion of amounts payable after more than one year | 42 | €8,272 | €8,631 | +€358 | +4.3% |
| Trade debts | 44 | €1,665 | €65,195 | +€63,529 | +3814.9% |
| Suppliers | 440/4 | €1,665 | €65,195 | +€63,529 | +3814.9% |
| Taxes, remuneration and social security | 45 | €3,556 | €271 | -€3,284 | -92.4% |
| Taxes | 450/3 | €3,556 | €271 | -€3,284 | -92.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,740 | €2,564 | +€824 | +47.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€9,206 | -€11,908 | -€2,701 | -29.3% |
| Operating profit (loss) | 9901 | -€11,334 | -€14,872 | -€3,538 | -31.2% |
| Financial income | 75/76B | €677 | €1,841 | +€1,164 | +171.9% |
| Recurring financial income | 75 | €677 | €1,841 | +€1,164 | +171.9% |
| Financial charges | 65/66B | €837 | €1,941 | +€1,104 | +132.0% |
| Recurring financial charges | 65 | €837 | €1,941 | +€1,104 | +132.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,493 | -€14,971 | -€3,478 | -30.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,493 | -€14,971 | -€3,478 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,493 | -€14,971 | -€3,478 | -30.3% |
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 4 October 2026 via checked.be.