ULM SERVICES: 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 SERVICES
Largest movements
- Cash +€42,108
up €42,108 (+173.3%), from €24,293 to €66,400
mainly Advances received (+€100,500) and Depreciation (+€31,928)
- Receivables within one year +€40,247
up €40,247 (+26.1%), from €154,435 to €194,682
of which Trade receivables: +€40,322
- Tangible fixed assets -€31,928
down €31,928 (-23.0%), from €138,922 to €106,994
of which Furniture and vehicles: -€20,756
- Advances received +€100,500
up €100,500 (+223.3%), from €45,000 to €145,500
- Trade debts -€45,038
down €45,038 (-66.5%), from €67,773 to €22,734
- Debts after one year -€22,470
down €22,470 (-7.6%), from €294,386 to €271,916
- Tax, wage and social debts +€12,726
up €12,726 (+48.6%), from €26,195 to €38,922
of which Taxes: +€11,422
- Gross operating margin -€9,958
down €9,958 (-6.4%), from €155,281 to €145,323
- Staff costs +€6,159
up €6,159 (+6.0%), from €102,905 to €109,064
- Taxes -€4,088
down €4,088 (-97.9%), from €4,175 to €87
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 | €575,921 | €622,576 | +€46,654 | +8.1% |
| Fixed assets | 21/28 | €139,097 | €107,169 | -€31,928 | -23.0% |
| Tangible fixed assets | 22/27 | €138,922 | €106,994 | -€31,928 | -23.0% |
| Plant, machinery and equipment | 23 | €51,364 | €43,752 | -€7,612 | -14.8% |
| Furniture and vehicles | 24 | €78,391 | €57,635 | -€20,756 | -26.5% |
| Other tangible fixed assets | 26 | €9,167 | €5,607 | -€3,560 | -38.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €436,824 | €515,407 | +€78,583 | +18.0% |
| Stocks and contracts in progress | 3 | €258,097 | €254,325 | -€3,773 | -1.5% |
| Stocks | 30/36 | €258,097 | €254,325 | -€3,773 | -1.5% |
| Amounts receivable within one year | 40/41 | €154,435 | €194,682 | +€40,247 | +26.1% |
| Trade receivables | 40 | €154,361 | €194,682 | +€40,322 | +26.1% |
| Other amounts receivable | 41 | €74 | - | -€74 | |
| Cash at bank and in hand | 54/58 | €24,293 | €66,400 | +€42,108 | +173.3% |
| Total equity and liabilities | 10/49 | €575,921 | €622,576 | +€46,654 | +8.1% |
| Equity | 10/15 | €125,331 | €125,390 | +€60 | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,331 | €120,390 | +€60 | 0.0% |
| Amounts payable | 17/49 | €450,591 | €497,186 | +€46,595 | +10.3% |
| Amounts payable after more than one year | 17 | €294,386 | €271,916 | -€22,470 | -7.6% |
| Financial debts | 170/4 | €294,386 | €271,916 | -€22,470 | -7.6% |
| Amounts payable within one year | 42/48 | €156,205 | €225,187 | +€68,982 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €17,237 | €18,031 | +€794 | +4.6% |
| Trade debts | 44 | €67,773 | €22,734 | -€45,038 | -66.5% |
| Suppliers | 440/4 | €67,773 | €22,734 | -€45,038 | -66.5% |
| Advances received on contracts in progress | 46 | €45,000 | €145,500 | +€100,500 | +223.3% |
| Taxes, remuneration and social security | 45 | €26,195 | €38,922 | +€12,726 | +48.6% |
| Taxes | 450/3 | €21,559 | €32,981 | +€11,422 | +53.0% |
| Remuneration and social security | 454/9 | €4,637 | €5,941 | +€1,304 | +28.1% |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | €102,905 | €109,064 | +€6,159 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,689 | €31,928 | -€761 | -2.3% |
| Other operating charges | 640/8 | €384 | €538 | +€154 | +40.0% |
| Gross operating margin | 9900 | €155,281 | €145,323 | -€9,958 | -6.4% |
| Operating profit (loss) | 9901 | €19,303 | €3,793 | -€15,510 | -80.4% |
| Financial income | 75/76B | €302 | - | -€302 | |
| Recurring financial income | 75 | €302 | - | -€302 | |
| Financial charges | 65/66B | €3,718 | €3,647 | -€72 | -1.9% |
| Recurring financial charges | 65 | €3,718 | €3,647 | -€72 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €15,887 | €146 | -€15,741 | -99.1% |
| Income taxes | 67/77 | €4,175 | €87 | -€4,088 | -97.9% |
| Profit (loss) for the period | 9904 | €11,712 | €60 | -€11,653 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,712 | €60 | -€11,653 | -99.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.