ULFI: 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.
ULFI
Largest movements
- Tangible fixed assets -€28,860
down €28,860 (-1.9%), from €1.5m to €1.5m
of which Land and buildings: -€27,756
- Debts after one year -€50,992
down €50,992 (-6.0%), from €856,217 to €805,225
- Profit (loss) carried forward +€22,560
up €22,560, from -€3,556 to €19,004
- Gross operating margin +€143,788
up €143,788, from -€58,008 to €85,781
- Taxes +€7,304
up €7,304, from €0 to €7,304
- Depreciation -€1,545
down €1,545 (-5.1%), from €30,405 to €28,860
- Financial income -€1,544
down €1,544 (-10.3%), from €14,965 to €13,421
- Other operating charges +€1,159
up €1,159 (+27.1%), from €4,276 to €5,435
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 | €1,757,913 | €1,739,032 | -€18,881 | -1.1% |
| Fixed assets | 21/28 | €1,492,316 | €1,463,456 | -€28,860 | -1.9% |
| Tangible fixed assets | 22/27 | €1,492,316 | €1,463,456 | -€28,860 | -1.9% |
| Land and buildings | 22 | €1,490,108 | €1,462,352 | -€27,756 | -1.9% |
| Plant, machinery and equipment | 23 | €2,208 | €1,104 | -€1,104 | -50.0% |
| Current assets | 29/58 | €265,597 | €275,576 | +€9,979 | +3.8% |
| Amounts receivable within one year | 40/41 | €256,732 | €270,153 | +€13,421 | +5.2% |
| Other amounts receivable | 41 | €256,732 | €270,153 | +€13,421 | +5.2% |
| Cash at bank and in hand | 54/58 | €8,865 | €5,423 | -€3,442 | -38.8% |
| Total equity and liabilities | 10/49 | €1,757,913 | €1,739,032 | -€18,881 | -1.1% |
| Equity | 10/15 | €852,678 | €875,238 | +€22,560 | +2.6% |
| Contributions | 10/11 | €850,000 | €850,000 | = | 0.0% |
| Reserves | 13 | €6,234 | €6,234 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,234 | €6,234 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,234 | €6,234 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,556 | €19,004 | +€22,560 | |
| Amounts payable | 17/49 | €905,235 | €863,795 | -€41,441 | -4.6% |
| Amounts payable after more than one year | 17 | €856,217 | €805,225 | -€50,992 | -6.0% |
| Financial debts | 170/4 | €856,217 | €805,225 | -€50,992 | -6.0% |
| Amounts payable within one year | 42/48 | €49,018 | €58,570 | +€9,551 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €49,018 | €50,992 | +€1,974 | +4.0% |
| Financial debts | 43 | - | €274 | +€274 | |
| Credit institutions | 430/8 | - | €274 | +€274 | |
| Taxes, remuneration and social security | 45 | €0 | €7,304 | +€7,304 | |
| Taxes | 450/3 | €0 | €7,304 | +€7,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,405 | €28,860 | -€1,545 | -5.1% |
| Other operating charges | 640/8 | €4,276 | €5,435 | +€1,159 | +27.1% |
| Gross operating margin | 9900 | -€58,008 | €85,781 | +€143,788 | |
| Operating profit (loss) | 9901 | -€92,689 | €51,485 | +€144,175 | |
| Financial income | 75/76B | €14,965 | €13,421 | -€1,544 | -10.3% |
| Recurring financial income | 75 | €14,965 | €13,421 | -€1,544 | -10.3% |
| Financial charges | 65/66B | €34,811 | €35,042 | +€232 | +0.7% |
| Recurring financial charges | 65 | €34,811 | €35,042 | +€232 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€112,536 | €29,864 | +€142,399 | |
| Income taxes | 67/77 | €0 | €7,304 | +€7,304 | |
| Profit (loss) for the period | 9904 | -€112,536 | €22,560 | +€135,095 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,536 | €22,560 | +€135,095 |
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 4 October 2026 via checked.be.