ULKER S: 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.
ULKER S
Largest movements
- Tangible fixed assets +€33,738
up €33,738 (+91.8%), from €36,740 to €70,478
of which Furniture and vehicles: +€41,788
- Stocks and contracts +€2,455
new in 2025: €2,455
- Receivables within one year -€2,444
down €2,444 (-11.9%), from €20,528 to €18,084
of which Trade receivables: -€4,873
- Deferred charges and accrued income +€1,799
up €1,799 (+284%), from €634 to €2,433
- Other debts +€35,924
up €35,924 (+100%), from €35,803 to €71,728
- Reserves -€9,398
down €9,398 (-42.8%), from €21,982 to €12,585
- Tax, wage and social debts +€4,374
new in 2025: €4,374
of which Remuneration and social security: +€4,230
- Trade debts +€3,190
up €3,190 (+459%), from €696 to €3,885
- Gross operating margin +€13,797
up €13,797 (+241%), from €5,729 to €19,526
- Depreciation +€5,741
up €5,741 (+50.8%), from €11,298 to €17,039
- Other operating charges +€791
up €791 (+88.8%), from €891 to €1,682
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 | €66,061 | €100,809 | +€34,748 | +52.6% |
| Fixed assets | 21/28 | €36,740 | €70,478 | +€33,738 | +91.8% |
| Tangible fixed assets | 22/27 | €36,740 | €70,478 | +€33,738 | +91.8% |
| Plant, machinery and equipment | 23 | €16,750 | €8,700 | -€8,050 | -48.1% |
| Furniture and vehicles | 24 | €19,989 | €61,777 | +€41,788 | +209% |
| Current assets | 29/58 | €29,322 | €30,331 | +€1,009 | +3.4% |
| Stocks and contracts in progress | 3 | - | €2,455 | +€2,455 | |
| Stocks | 30/36 | - | €2,455 | +€2,455 | |
| Amounts receivable within one year | 40/41 | €20,528 | €18,084 | -€2,444 | -11.9% |
| Trade receivables | 40 | €20,523 | €15,650 | -€4,873 | -23.7% |
| Other amounts receivable | 41 | €6 | €2,434 | +€2,429 | +44,155% |
| Cash at bank and in hand | 54/58 | €8,159 | €7,359 | -€800 | -9.8% |
| Deferred charges and accrued income | 490/1 | €634 | €2,433 | +€1,799 | +284% |
| Total equity and liabilities | 10/49 | €66,061 | €100,809 | +€34,748 | +52.6% |
| Equity | 10/15 | €28,182 | €18,785 | -€9,398 | -33.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,982 | €12,585 | -€9,398 | -42.8% |
| Distributable reserves | 133 | €21,982 | €12,585 | -€9,398 | -42.8% |
| Amounts payable | 17/49 | €37,879 | €82,024 | +€44,145 | +117% |
| Amounts payable within one year | 42/48 | €37,719 | €81,207 | +€43,488 | +115% |
| Trade debts | 44 | €696 | €3,885 | +€3,190 | +459% |
| Suppliers | 440/4 | €696 | €3,885 | +€3,190 | +459% |
| Advances received on contracts in progress | 46 | €1,220 | €1,220 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €4,374 | +€4,374 | |
| Taxes | 450/3 | - | €144 | +€144 | |
| Remuneration and social security | 454/9 | - | €4,230 | +€4,230 | |
| Other amounts payable | 47/48 | €35,803 | €71,728 | +€35,924 | +100% |
| Accrued charges and deferred income | 492/3 | €160 | €817 | +€657 | +411% |
| Non-recurring operating income | 76A | - | €1,453 | +€1,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,298 | €17,039 | +€5,741 | +50.8% |
| Other operating charges | 640/8 | €891 | €1,682 | +€791 | +88.8% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €5,729 | €19,526 | +€13,797 | +241% |
| Operating profit (loss) | 9901 | -€6,460 | -€9,195 | -€2,735 | -42.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €158 | €58 | -€99 | -62.9% |
| Recurring financial charges | 65 | €158 | €58 | -€99 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,618 | -€9,254 | -€2,636 | -39.8% |
| Income taxes | 67/77 | - | €144 | +€144 | |
| Profit (loss) for the period | 9904 | -€6,618 | -€9,398 | -€2,780 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,618 | -€9,398 | -€2,780 | -42.0% |
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 18 October 2026 via checked.be.