ULKUR: 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.
ULKUR
Largest movements
- Cash +€10,553
up €10,553 (+161.8%), from €6,524 to €17,078
mainly Net result for the year (+€22,381) and Tax, wage and social debts (+€5,141)
- Receivables within one year +€4,866
up €4,866 (+251.4%), from €1,936 to €6,802
of which Other amounts receivable: +€4,227
- Financial fixed assets +€1,759
up €1,759 (+13.2%), from €13,316 to €15,075
- Profit (loss) carried forward +€22,381
up €22,381 (+96.0%), from -€23,312 to -€931
- Other debts -€9,731
no longer reported in 2025 (was €9,731)
- Tax, wage and social debts +€5,141
up €5,141 (+35.9%), from €14,301 to €19,441
of which Taxes: +€8,084
- Current portion of long-term debt -€2,401
no longer reported in 2025 (was €2,401)
- Trade debts +€1,747
up €1,747 (+1788.6%), from €98 to €1,844
- Staff costs -€20,158
down €20,158 (-52.4%), from €38,434 to €18,276
- Gross operating margin +€11,902
up €11,902 (+30.1%), from €39,598 to €51,499
- Taxes +€7,516
up €7,516 (+429.0%), from €1,752 to €9,268
- Purchases and services -€6,880
down €6,880 (-28.1%), from €24,446 to €17,566
- Depreciation -€3,741
down €3,741 (-98.9%), from €3,784 to €43
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 | €21,818 | €38,954 | +€17,136 | +78.5% |
| Fixed assets | 21/28 | €13,359 | €15,075 | +€1,716 | +12.8% |
| Tangible fixed assets | 22/27 | €43 | - | -€43 | |
| Furniture and vehicles | 24 | €43 | - | -€43 | |
| Financial fixed assets | 28 | €13,316 | €15,075 | +€1,759 | +13.2% |
| Current assets | 29/58 | €8,460 | €23,879 | +€15,420 | +182.3% |
| Amounts receivable within one year | 40/41 | €1,936 | €6,802 | +€4,866 | +251.4% |
| Trade receivables | 40 | €1,936 | €2,575 | +€639 | +33.0% |
| Other amounts receivable | 41 | - | €4,227 | +€4,227 | |
| Cash at bank and in hand | 54/58 | €6,524 | €17,078 | +€10,553 | +161.8% |
| Total equity and liabilities | 10/49 | €21,818 | €38,954 | +€17,136 | +78.5% |
| Equity | 10/15 | -€4,712 | €17,669 | +€22,381 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,312 | -€931 | +€22,381 | +96.0% |
| Amounts payable | 17/49 | €26,530 | €21,286 | -€5,245 | -19.8% |
| Amounts payable within one year | 42/48 | €26,530 | €21,286 | -€5,245 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €2,401 | - | -€2,401 | |
| Trade debts | 44 | €98 | €1,844 | +€1,747 | +1788.6% |
| Suppliers | 440/4 | €98 | €1,844 | +€1,747 | +1788.6% |
| Taxes, remuneration and social security | 45 | €14,301 | €19,441 | +€5,141 | +35.9% |
| Taxes | 450/3 | €4,617 | €12,701 | +€8,084 | +175.1% |
| Remuneration and social security | 454/9 | €9,683 | €6,740 | -€2,943 | -30.4% |
| Other amounts payable | 47/48 | €9,731 | - | -€9,731 | |
| Turnover | 70 | €62,284 | €65,357 | +€3,073 | +4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,446 | €17,566 | -€6,880 | -28.1% |
| Remuneration, social security and pensions | 62 | €38,434 | €18,276 | -€20,158 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,784 | €43 | -€3,741 | -98.9% |
| Other operating charges | 640/8 | €1,089 | €998 | -€91 | -8.3% |
| Gross operating margin | 9900 | €39,598 | €51,499 | +€11,902 | +30.1% |
| Operating profit (loss) | 9901 | -€3,709 | €32,183 | +€35,892 | |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €145 | €649 | +€504 | +348.8% |
| Recurring financial charges | 65 | €145 | €649 | +€504 | +348.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,854 | €31,648 | +€35,502 | |
| Income taxes | 67/77 | €1,752 | €9,268 | +€7,516 | +429.0% |
| Profit (loss) for the period | 9904 | -€5,606 | €22,381 | +€27,986 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,606 | €22,381 | +€27,986 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.