ÜLKEM DÖNER: 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.
ÜLKEM DÖNER
Largest movements
- Tangible fixed assets -€57,932
down €57,932 (-21.7%), from €266,804 to €208,872
- Deferred charges and accrued income +€16,429
up €16,429 (+117%), from €13,990 to €30,419
- Cash -€6,344
down €6,344 (-62.9%), from €10,079 to €3,734
mainly Debts after one year (-€47,711) and Deferred charges and accrued income (-€16,429)
- Debts after one year -€47,711
down €47,711 (-24.6%), from €193,770 to €146,060
- Gross operating margin -€6,752
down €6,752 (-8.2%), from €82,728 to €75,976
- Financial income +€2,542
up €2,542 (+69.8%), from €3,642 to €6,184
- Financial charges -€2,258
down €2,258 (-15.0%), from €15,099 to €12,842
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 | €457,724 | €412,214 | -€45,511 | -9.9% |
| Fixed assets | 21/28 | €266,804 | €208,872 | -€57,932 | -21.7% |
| Tangible fixed assets | 22/27 | €266,804 | €208,872 | -€57,932 | -21.7% |
| Land and buildings | 22 | €266,804 | €208,872 | -€57,932 | -21.7% |
| Current assets | 29/58 | €190,921 | €203,342 | +€12,421 | +6.5% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,852 | €79,188 | +€2,337 | +3.0% |
| Other amounts receivable | 41 | €76,852 | €79,188 | +€2,337 | +3.0% |
| Cash at bank and in hand | 54/58 | €10,079 | €3,734 | -€6,344 | -62.9% |
| Deferred charges and accrued income | 490/1 | €13,990 | €30,419 | +€16,429 | +117% |
| Total equity and liabilities | 10/49 | €457,724 | €412,214 | -€45,511 | -9.9% |
| Equity | 10/15 | €210,774 | €211,198 | +€423 | +0.2% |
| Contributions | 10/11 | €158,100 | €158,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,674 | €53,098 | +€423 | +0.8% |
| Amounts payable | 17/49 | €246,950 | €201,016 | -€45,934 | -18.6% |
| Amounts payable after more than one year | 17 | €193,770 | €146,060 | -€47,711 | -24.6% |
| Financial debts | 170/4 | €193,770 | €146,060 | -€47,711 | -24.6% |
| Amounts payable within one year | 42/48 | €53,180 | €54,957 | +€1,777 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €45,079 | €47,711 | +€2,632 | +5.8% |
| Trade debts | 44 | €3,519 | €7,131 | +€3,612 | +103% |
| Suppliers | 440/4 | €3,519 | €7,131 | +€3,612 | +103% |
| Taxes, remuneration and social security | 45 | €4,582 | €115 | -€4,467 | -97.5% |
| Taxes | 450/3 | €2,082 | €115 | -€1,967 | -94.5% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,932 | €57,932 | = | 0.0% |
| Other operating charges | 640/8 | €10,535 | €10,849 | +€314 | +3.0% |
| Gross operating margin | 9900 | €82,728 | €75,976 | -€6,752 | -8.2% |
| Operating profit (loss) | 9901 | €14,262 | €7,196 | -€7,066 | -49.5% |
| Financial income | 75/76B | €3,642 | €6,184 | +€2,542 | +69.8% |
| Recurring financial income | 75 | €3,642 | €6,184 | +€2,542 | +69.8% |
| Financial charges | 65/66B | €15,099 | €12,842 | -€2,258 | -15.0% |
| Recurring financial charges | 65 | €15,099 | €12,842 | -€2,258 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €2,805 | €538 | -€2,266 | -80.8% |
| Income taxes | 67/77 | €611 | €115 | -€496 | -81.2% |
| Profit (loss) for the period | 9904 | €2,193 | €423 | -€1,770 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,193 | €423 | -€1,770 | -80.7% |
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 30 October 2026 via checked.be.