ULLENS & CO: 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.
What changed
ULLENS & CO
NACE 63.920, Other information service activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€176,918
2023 · €32,020-€208,938
Equity
-€52,212
2023 · €124,706-€176,918
Cash
€15,699
2023 · €8,963+€6,735
Balance sheet total
€2.0m
2023 · €401,179+€1.6m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+616%), from €249,293 to €1.8m
of which Land and buildings: +€845,455
Equity and liabilities
- Short-term financial debts +€683,000
new in 2024: €683,000
- Provisions +€570,000
new in 2024: €570,000
- Debts after one year +€498,524
up €498,524 (+352%), from €141,773 to €640,297
of which Financial debts: +€507,066
- Profit (loss) carried forward -€176,918
down €176,918, from €105,406 to -€71,512
- Other debts -€50,067
down €50,067 (-82.0%), from €61,041 to €10,975
Income statement
- Depreciation +€167,174
up €167,174 (+676%), from €24,725 to €191,899
- Financial charges +€40,711
up €40,711 (+719%), from €5,665 to €46,376
- Taxes -€8,282
down €8,282 (-94.5%), from €8,760 to €478
- Staff costs +€5,618
up €5,618 (+20.2%), from €27,866 to €33,484
- Gross operating margin -€2,237
down €2,237 (-2.2%), from €100,732 to €98,496
From the 2023 result to the 2024 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.
Result 2023
€32,020
Gross operating margin
-€2,237
Staff costs
-€5,618
Depreciation
-€167,174
Other operating charges
-€1,491
Financial income
+€11
Financial charges
-€40,711
Taxes
+€8,282
Result 2024
-€176,918
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€535,918
Investment
-€1.7m
Financing
+€1.2m
Cash 2023
€8,963
From operations (derived)
+€535,918
Net result for the year
-€176,918
Depreciation
+€191,899
Receivables within one year
-€13,270
Smaller working-capital items
+€3,961
Provisions
+€570,000
Trade debts
+€18,276
Tax, wage and social debts
-€7,963
Other debts
-€50,067
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€1.2m
Debts after one year
+€498,524
Current portion of long-term debt
+€15,150
Short-term financial debts
+€683,000
Cash 2024
€15,699
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €401,179 | €1,954,705 | +€1.6m | +387% |
| Fixed assets | 21/28 | €251,951 | €1,785,908 | +€1.5m | +609% |
| Tangible fixed assets | 22/27 | €249,293 | €1,785,908 | +€1.5m | +616% |
| Land and buildings | 22 | €128,771 | €974,226 | +€845,455 | +657% |
| Plant, machinery and equipment | 23 | €36,831 | €34,828 | -€2,003 | -5.4% |
| Furniture and vehicles | 24 | €82,035 | €65,282 | -€16,753 | -20.4% |
| Leasing and similar rights | 25 | - | €710,085 | +€710,085 | |
| Other tangible fixed assets | 26 | €1,656 | €1,488 | -€168 | -10.2% |
| Financial fixed assets | 28 | €2,659 | - | -€2,659 | |
| Current assets | 29/58 | €149,227 | €168,796 | +€19,569 | +13.1% |
| Amounts receivable within one year | 40/41 | €137,990 | €151,260 | +€13,270 | +9.6% |
| Trade receivables | 40 | €58,296 | €65,409 | +€7,113 | +12.2% |
| Other amounts receivable | 41 | €79,694 | €85,851 | +€6,157 | +7.7% |
| Cash at bank and in hand | 54/58 | €8,963 | €15,699 | +€6,735 | +75.1% |
| Deferred charges and accrued income | 490/1 | €2,274 | €1,837 | -€436 | -19.2% |
| Total equity and liabilities | 10/49 | €401,179 | €1,954,705 | +€1.6m | +387% |
| Equity | 10/15 | €124,706 | -€52,212 | -€176,918 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €700 | €700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €700 | €700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €700 | €700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,406 | -€71,512 | -€176,918 | |
| Provisions and deferred taxes | 16 | - | €570,000 | +€570,000 | |
| Provisions for liabilities and charges | 160/5 | - | €570,000 | +€570,000 | |
| Other liabilities and charges | 164/5 | - | €570,000 | +€570,000 | |
| Amounts payable | 17/49 | €276,473 | €1,436,917 | +€1.2m | +420% |
| Amounts payable after more than one year | 17 | €141,773 | €640,297 | +€498,524 | +352% |
| Financial debts | 170/4 | €125,571 | €632,637 | +€507,066 | +404% |
| Other amounts payable | 178/9 | €16,203 | €7,660 | -€8,543 | -52.7% |
| Amounts payable within one year | 42/48 | €134,320 | €792,716 | +€658,396 | +490% |
| Current portion of amounts payable after more than one year | 42 | €16,688 | €31,838 | +€15,150 | +90.8% |
| Financial debts | 43 | - | €683,000 | +€683,000 | |
| Credit institutions | 430/8 | - | €683,000 | +€683,000 | |
| Trade debts | 44 | €33,713 | €51,989 | +€18,276 | +54.2% |
| Suppliers | 440/4 | €33,713 | €51,989 | +€18,276 | +54.2% |
| Taxes, remuneration and social security | 45 | €22,878 | €14,915 | -€7,963 | -34.8% |
| Taxes | 450/3 | €16,681 | €5,751 | -€10,930 | -65.5% |
| Remuneration and social security | 454/9 | €6,197 | €9,164 | +€2,967 | +47.9% |
| Other amounts payable | 47/48 | €61,041 | €10,975 | -€50,067 | -82.0% |
| Accrued charges and deferred income | 492/3 | €379 | €3,903 | +€3,524 | +930% |
| Remuneration, social security and pensions | 62 | €27,866 | €33,484 | +€5,618 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,725 | €191,899 | +€167,174 | +676% |
| Other operating charges | 640/8 | €1,697 | €3,188 | +€1,491 | +87.9% |
| Gross operating margin | 9900 | €100,732 | €98,496 | -€2,237 | -2.2% |
| Operating profit (loss) | 9901 | €46,445 | -€130,075 | -€176,520 | |
| Financial income | 75/76B | €1 | €12 | +€11 | +2,251% |
| Recurring financial income | 75 | €1 | €12 | +€11 | +2,251% |
| Financial charges | 65/66B | €5,665 | €46,376 | +€40,711 | +719% |
| Recurring financial charges | 65 | €5,665 | €46,376 | +€40,711 | +719% |
| Profit (loss) for the period before taxes | 9903 | €40,780 | -€176,440 | -€217,219 | |
| Income taxes | 67/77 | €8,760 | €478 | -€8,282 | -94.5% |
| Profit (loss) for the period | 9904 | €32,020 | -€176,918 | -€208,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,020 | -€176,918 | -€208,938 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.