ULM BLUE SKY: 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.
ULM BLUE SKY
Largest movements
- Cash +€3,325
up €3,325 (+1,336%), from €249 to €3,574
mainly Net result for the year (+€9,411) and Trade debts (+€3,377)
- Profit (loss) carried forward +€9,411
up €9,411 (+22.2%), from -€42,354 to -€32,942
- Other debts -€8,217
down €8,217 (-4.5%), from €181,050 to €172,833
- Trade debts +€3,377
new in 2025: €3,377
- Gross operating margin +€12,952
up €12,952, from -€2,246 to €10,706
- Depreciation -€2,298
down €2,298 (-79.4%), from €2,894 to €596
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 | €158,696 | €163,268 | +€4,572 | +2.9% |
| Fixed assets | 21/28 | €149,022 | €148,426 | -€596 | -0.4% |
| Tangible fixed assets | 22/27 | €149,022 | €148,426 | -€596 | -0.4% |
| Plant, machinery and equipment | 23 | €148,754 | €148,389 | -€365 | -0.2% |
| Furniture and vehicles | 24 | €269 | €37 | -€231 | -86.1% |
| Current assets | 29/58 | €9,674 | €14,842 | +€5,168 | +53.4% |
| Amounts receivable within one year | 40/41 | €7,509 | €9,036 | +€1,527 | +20.3% |
| Trade receivables | 40 | €7,441 | €8,357 | +€916 | +12.3% |
| Other amounts receivable | 41 | €68 | €679 | +€611 | +894% |
| Cash at bank and in hand | 54/58 | €249 | €3,574 | +€3,325 | +1,336% |
| Deferred charges and accrued income | 490/1 | €1,916 | €2,231 | +€315 | +16.5% |
| Total equity and liabilities | 10/49 | €158,696 | €163,268 | +€4,572 | +2.9% |
| Equity | 10/15 | -€22,354 | -€12,942 | +€9,411 | +42.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,354 | -€32,942 | +€9,411 | +22.2% |
| Amounts payable | 17/49 | €181,050 | €176,210 | -€4,840 | -2.7% |
| Amounts payable within one year | 42/48 | €181,050 | €176,210 | -€4,840 | -2.7% |
| Trade debts | 44 | - | €3,377 | +€3,377 | |
| Suppliers | 440/4 | - | €3,377 | +€3,377 | |
| Other amounts payable | 47/48 | €181,050 | €172,833 | -€8,217 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,894 | €596 | -€2,298 | -79.4% |
| Other operating charges | 640/8 | €523 | €508 | -€15 | -2.9% |
| Gross operating margin | 9900 | -€2,246 | €10,706 | +€12,952 | |
| Operating profit (loss) | 9901 | -€5,664 | €9,602 | +€15,265 | |
| Financial charges | 65/66B | €190 | €190 | = | 0.0% |
| Recurring financial charges | 65 | €190 | €190 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,854 | €9,411 | +€15,265 | |
| Profit (loss) for the period | 9904 | -€5,854 | €9,411 | +€15,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,854 | €9,411 | +€15,265 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.