ULKA: 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.
ULKA
Largest movements
- Receivables within one year -€56,269
down €56,269 (-33.3%), from €169,060 to €112,790
of which Trade receivables: -€62,277
- Tangible fixed assets +€53,862
up €53,862 (+7.9%), from €684,784 to €738,646
of which Furniture and vehicles: +€132,063
- Intangible fixed assets +€14,745
up €14,745 (+258.6%), from €5,702 to €20,447
- Debts after one year +€37,399
up €37,399 (+11.9%), from €314,000 to €351,399
of which Financial debts: +€82,399
- Current portion of long-term debt -€21,113
down €21,113 (-12.6%), from €168,216 to €147,103
- Reserves +€15,616
up €15,616 (+7.7%), from €202,373 to €217,990
- Trade debts -€13,986
down €13,986 (-9.0%), from €154,850 to €140,864
- Staff costs -€15,714
down €15,714 (-16.3%), from €96,163 to €80,449
- Financial charges -€5,802
down €5,802 (-37.3%), from €15,568 to €9,766
- Depreciation +€4,667
up €4,667 (+2.7%), from €172,270 to €176,937
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 | €882,257 | €897,795 | +€15,537 | +1.8% |
| Fixed assets | 21/28 | €690,538 | €759,145 | +€68,607 | +9.9% |
| Intangible fixed assets | 21 | €5,702 | €20,447 | +€14,745 | +258.6% |
| Tangible fixed assets | 22/27 | €684,784 | €738,646 | +€53,862 | +7.9% |
| Land and buildings | 22 | €337,848 | €299,787 | -€38,061 | -11.3% |
| Plant, machinery and equipment | 23 | €240,932 | €200,792 | -€40,140 | -16.7% |
| Furniture and vehicles | 24 | €106,004 | €238,068 | +€132,063 | +124.6% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €191,719 | €138,649 | -€53,070 | -27.7% |
| Amounts receivable within one year | 40/41 | €169,060 | €112,790 | -€56,269 | -33.3% |
| Trade receivables | 40 | €166,240 | €103,963 | -€62,277 | -37.5% |
| Other amounts receivable | 41 | €2,820 | €8,828 | +€6,007 | +213.0% |
| Cash at bank and in hand | 54/58 | €14,953 | €16,143 | +€1,190 | +8.0% |
| Deferred charges and accrued income | 490/1 | €7,706 | €9,716 | +€2,010 | +26.1% |
| Total equity and liabilities | 10/49 | €882,257 | €897,795 | +€15,537 | +1.8% |
| Equity | 10/15 | €227,373 | €242,990 | +€15,616 | +6.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €202,373 | €217,990 | +€15,616 | +7.7% |
| Distributable reserves | 133 | €202,373 | €217,990 | +€15,616 | +7.7% |
| Amounts payable | 17/49 | €654,884 | €654,805 | -€79 | 0.0% |
| Amounts payable after more than one year | 17 | €314,000 | €351,399 | +€37,399 | +11.9% |
| Financial debts | 170/4 | €119,000 | €201,399 | +€82,399 | +69.2% |
| Other amounts payable | 178/9 | €195,000 | €150,000 | -€45,000 | -23.1% |
| Amounts payable within one year | 42/48 | €335,016 | €299,708 | -€35,308 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €168,216 | €147,103 | -€21,113 | -12.6% |
| Trade debts | 44 | €154,850 | €140,864 | -€13,986 | -9.0% |
| Suppliers | 440/4 | €154,850 | €140,864 | -€13,986 | -9.0% |
| Taxes, remuneration and social security | 45 | €10,650 | €10,340 | -€310 | -2.9% |
| Taxes | 450/3 | €800 | €1,820 | +€1,020 | +127.5% |
| Remuneration and social security | 454/9 | €9,850 | €8,520 | -€1,330 | -13.5% |
| Other amounts payable | 47/48 | €1,300 | €1,400 | +€100 | +7.7% |
| Accrued charges and deferred income | 492/3 | €5,868 | €3,698 | -€2,169 | -37.0% |
| Non-recurring operating income | 76A | - | €1,576 | +€1,576 | |
| Remuneration, social security and pensions | 62 | €96,163 | €80,449 | -€15,714 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,270 | €176,937 | +€4,667 | +2.7% |
| Other operating charges | 640/8 | €9,799 | €11,164 | +€1,365 | +13.9% |
| Gross operating margin | 9900 | €297,574 | €297,939 | +€365 | +0.1% |
| Operating profit (loss) | 9901 | €19,343 | €29,390 | +€10,047 | +51.9% |
| Financial income | 75/76B | €79 | €290 | +€211 | +266.8% |
| Recurring financial income | 75 | €79 | €290 | +€211 | +266.8% |
| Financial charges | 65/66B | €15,568 | €9,766 | -€5,802 | -37.3% |
| Recurring financial charges | 65 | €15,568 | €9,766 | -€5,802 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €3,854 | €19,914 | +€16,060 | +416.7% |
| Income taxes | 67/77 | €1,786 | €2,898 | +€1,112 | +62.2% |
| Profit (loss) for the period | 9904 | €2,068 | €17,016 | +€14,949 | +723.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,068 | €17,016 | +€14,949 | +723.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.