Ullc: 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.
Ullc
Largest movements
- Receivables within one year +€55,970
up €55,970 (+114%), from €48,976 to €104,946
of which Trade receivables: +€44,489
- Cash +€35,302
up €35,302 (+248%), from €14,240 to €49,542
mainly Trade debts (+€62,544) and Net result for the year (+€23,348)
- Trade debts +€62,544
up €62,544 (+3,655%), from €1,711 to €64,255
- Profit (loss) carried forward +€23,348
up €23,348 (+77.6%), from -€30,082 to -€6,734
- Tax, wage and social debts +€6,281
up €6,281 (+104%), from €6,066 to €12,347
- Gross operating margin +€44,571
up €44,571, from -€11,685 to €32,886
- Taxes +€2,711
up €2,711 (+1,019%), from €266 to €2,977
- Financial charges +€1,289
up €1,289 (+59.4%), from €2,168 to €3,457
- Financial income -€618
no longer reported in 2025 (was €618)
- Depreciation -€406
down €406 (-13.3%), from €3,064 to €2,658
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 | €91,688 | €183,861 | +€92,173 | +101% |
| Fixed assets | 21/28 | €10,240 | €11,206 | +€966 | +9.4% |
| Tangible fixed assets | 22/27 | €10,240 | €11,206 | +€966 | +9.4% |
| Plant, machinery and equipment | 23 | €1,854 | €2,277 | +€423 | +22.8% |
| Furniture and vehicles | 24 | - | €1,687 | +€1,687 | |
| Other tangible fixed assets | 26 | €8,386 | €7,243 | -€1,144 | -13.6% |
| Current assets | 29/58 | €81,448 | €172,654 | +€91,207 | +112% |
| Amounts receivable after more than one year | 29 | €17,944 | €17,944 | = | 0.0% |
| Other amounts receivable | 291 | €17,944 | €17,944 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,976 | €104,946 | +€55,970 | +114% |
| Trade receivables | 40 | €15,794 | €60,283 | +€44,489 | +282% |
| Other amounts receivable | 41 | €33,182 | €44,663 | +€11,481 | +34.6% |
| Cash at bank and in hand | 54/58 | €14,240 | €49,542 | +€35,302 | +248% |
| Deferred charges and accrued income | 490/1 | €287 | €222 | -€65 | -22.6% |
| Total equity and liabilities | 10/49 | €91,688 | €183,861 | +€92,173 | +101% |
| Equity | 10/15 | €83,911 | €107,259 | +€23,348 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,392 | €95,392 | = | 0.0% |
| Distributable reserves | 133 | €95,392 | €95,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,082 | -€6,734 | +€23,348 | +77.6% |
| Amounts payable | 17/49 | €7,777 | €76,602 | +€68,825 | +885% |
| Amounts payable within one year | 42/48 | €7,777 | €76,602 | +€68,825 | +885% |
| Trade debts | 44 | €1,711 | €64,255 | +€62,544 | +3,655% |
| Suppliers | 440/4 | €1,711 | €64,255 | +€62,544 | +3,655% |
| Taxes, remuneration and social security | 45 | €6,066 | €12,347 | +€6,281 | +104% |
| Taxes | 450/3 | €6,066 | €12,347 | +€6,281 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,064 | €2,658 | -€406 | -13.3% |
| Other operating charges | 640/8 | €551 | €447 | -€105 | -19.0% |
| Gross operating margin | 9900 | -€11,685 | €32,886 | +€44,571 | |
| Operating profit (loss) | 9901 | -€15,301 | €29,781 | +€45,082 | |
| Financial income | 75/76B | €618 | - | -€618 | |
| Recurring financial income | 75 | €618 | - | -€618 | |
| Financial charges | 65/66B | €2,168 | €3,457 | +€1,289 | +59.4% |
| Recurring financial charges | 65 | €2,168 | €3,457 | +€1,289 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,851 | €26,324 | +€43,176 | |
| Income taxes | 67/77 | €266 | €2,977 | +€2,711 | +1,019% |
| Profit (loss) for the period | 9904 | -€17,117 | €23,348 | +€40,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,117 | €23,348 | +€40,465 |
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.