Uligro: 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.
Uligro
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash +€20,351
up €20,351 (+54.5%), from €37,372 to €57,723
mainly Net result for the year (+€32,833) and Receivables within one year (+€17,921)
- Receivables within one year -€17,921
down €17,921 (-69.1%), from €25,945 to €8,025
of which Trade receivables: -€18,624
- Tangible fixed assets -€8,028
down €8,028 (-32.0%), from €25,089 to €17,061
of which Furniture and vehicles: -€7,529
- Reserves +€32,500
up €32,500 (+86.7%), from €37,500 to €70,000
- Tax, wage and social debts +€13,194
up €13,194 (+91.1%), from €14,488 to €27,682
- Debts after one year -€8,884
down €8,884 (-100%), from €8,884 to €0
- Current portion of long-term debt -€2,475
down €2,475 (-21.8%), from €11,359 to €8,884
- Depreciation +€6,030
up €6,030 (+164%), from €3,673 to €9,703
- Taxes -€1,165
down €1,165 (-8.1%), from €14,424 to €13,258
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 | €90,411 | €124,377 | +€33,965 | +37.6% |
| Formation expenses | 20 | €444 | €0 | -€444 | -100% |
| Fixed assets | 21/28 | €25,089 | €17,061 | -€8,028 | -32.0% |
| Tangible fixed assets | 22/27 | €25,089 | €17,061 | -€8,028 | -32.0% |
| Plant, machinery and equipment | 23 | €2,297 | €1,798 | -€499 | -21.7% |
| Furniture and vehicles | 24 | €22,792 | €15,264 | -€7,529 | -33.0% |
| Current assets | 29/58 | €64,879 | €107,315 | +€42,437 | +65.4% |
| Amounts receivable within one year | 40/41 | €25,945 | €8,025 | -€17,921 | -69.1% |
| Trade receivables | 40 | €25,945 | €7,321 | -€18,624 | -71.8% |
| Other amounts receivable | 41 | - | €703 | +€703 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €37,372 | €57,723 | +€20,351 | +54.5% |
| Deferred charges and accrued income | 490/1 | €1,561 | €1,568 | +€7 | +0.4% |
| Total equity and liabilities | 10/49 | €90,411 | €124,377 | +€33,965 | +37.6% |
| Equity | 10/15 | €43,050 | €75,883 | +€32,833 | +76.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €70,000 | +€32,500 | +86.7% |
| Distributable reserves | 133 | €37,500 | €70,000 | +€32,500 | +86.7% |
| Profit (loss) carried forward | 14 | €550 | €883 | +€333 | +60.5% |
| Amounts payable | 17/49 | €47,361 | €48,494 | +€1,133 | +2.4% |
| Amounts payable after more than one year | 17 | €8,884 | €0 | -€8,884 | -100% |
| Financial debts | 170/4 | €8,884 | €0 | -€8,884 | -100% |
| Amounts payable within one year | 42/48 | €38,477 | €48,494 | +€10,017 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €11,359 | €8,884 | -€2,475 | -21.8% |
| Trade debts | 44 | €1,812 | €1,110 | -€702 | -38.7% |
| Suppliers | 440/4 | €1,812 | €1,110 | -€702 | -38.7% |
| Taxes, remuneration and social security | 45 | €14,488 | €27,682 | +€13,194 | +91.1% |
| Taxes | 450/3 | €14,488 | €27,682 | +€13,194 | +91.1% |
| Other amounts payable | 47/48 | €10,817 | €10,817 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,673 | €9,703 | +€6,030 | +164% |
| Other operating charges | 640/8 | €145 | €545 | +€400 | +276% |
| Gross operating margin | 9900 | €56,802 | €57,200 | +€398 | +0.7% |
| Operating profit (loss) | 9901 | €52,984 | €46,952 | -€6,032 | -11.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €510 | €861 | +€350 | +68.7% |
| Recurring financial charges | 65 | €510 | €861 | +€350 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €52,474 | €46,091 | -€6,383 | -12.2% |
| Income taxes | 67/77 | €14,424 | €13,258 | -€1,165 | -8.1% |
| Profit (loss) for the period | 9904 | €38,050 | €32,833 | -€5,217 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,050 | €32,833 | -€5,217 | -13.7% |
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 28 October 2026 via checked.be.