Ulma Packaging: 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.
What changed
Ulma Packaging
NACE 46.620, Wholesale of machine tools
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€223,330
2024 · -€428,343+€651,673
Equity
€2.2m
2024 · €1.9m+€223,330
Cash
€2.0m
2024 · €1.1m+€959,280
Balance sheet total
€5.0m
2024 · €3.6m+€1.4m
Largest movements
Assets
- Cash +€959,280
up €959,280 (+90.7%), from €1.1m to €2.0m
mainly Advances received (+€1.0m) and Net result for the year (+€223,330)
- Stocks and contracts +€315,421
up €315,421 (+25.5%), from €1.2m to €1.6m
of which Stocks: +€288,642
- Receivables within one year +€192,007
up €192,007 (+20.4%), from €942,227 to €1.1m
of which Trade receivables: +€195,268
- Deferred charges and accrued income -€55,011
down €55,011 (-85.5%), from €64,356 to €9,345
Equity and liabilities
- Advances received +€1.0m
up €1.0m (+118.9%), from €881,387 to €1.9m
- Reserves +€223,330
up €223,330 (+15.7%), from €1.4m to €1.6m
of which Distributable reserves: +€223,330
- Tax, wage and social debts +€70,285
up €70,285 (+15.2%), from €462,677 to €532,962
of which Taxes: +€36,833
- Trade debts +€68,096
up €68,096 (+22.3%), from €305,042 to €373,138
Income statement
- Turnover -€643,422
down €643,422 (-9.6%), from €6.7m to €6.1m
- Goods and materials -€404,747
down €404,747 (-9.0%), from €4.5m to €4.1m
of which Change in stocks: decrease (increase): -€606,341
- Other operating income -€215,396
down €215,396 (-84.8%), from €253,919 to €38,523
- Write-downs +€125,867
up €125,867, from -€79,516 to €46,350
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.
Result 2024
-€428,343
Turnover
-€643,422
Other operating income
-€215,396
Goods and materials
+€404,747
Services and other goods
-€18,788
Staff costs
+€1,365
Depreciation
-€15,126
Write-downs
-€125,867
Provisions
-€8,554
Other operating charges
-€4,122
Other operating items
+€1.3m
Financial income
-€1,561
Financial charges
-€15,784
Taxes
-€9,630
Result 2025
€223,330
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.
From operations
+€1.1m
Investment
-€94,135
Financing
€0
Cash 2024
€1.1m
From operations (derived)
+€1.1m
Net result for the year
+€223,330
Depreciation
+€63,161
Receivables after one year
+€31,200
Stocks and contracts
-€315,421
Receivables within one year
-€192,007
Deferred charges and accrued income
+€55,011
Provisions
+€1,481
Trade debts
+€68,096
Tax, wage and social debts
+€70,285
Advances received
+€1.0m
Investment (derived)
-€94,135
Investment in fixed assets (net)
-€94,135
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,604,870 | €5,016,340 | +€1.4m | +39.2% |
| Fixed assets | 21/28 | €237,636 | €268,609 | +€30,973 | +13.0% |
| Tangible fixed assets | 22/27 | €203,051 | €234,024 | +€30,973 | +15.3% |
| Plant, machinery and equipment | 23 | €23,479 | €14,029 | -€9,450 | -40.2% |
| Furniture and vehicles | 24 | €3,824 | €7,175 | +€3,352 | +87.7% |
| Other tangible fixed assets | 26 | €175,748 | €212,820 | +€37,072 | +21.1% |
| Financial fixed assets | 28 | €34,585 | €34,585 | = | 0.0% |
| Other financial fixed assets | 284/8 | €34,585 | €34,585 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €34,585 | €34,585 | = | 0.0% |
| Current assets | 29/58 | €3,367,234 | €4,747,731 | +€1.4m | +41.0% |
| Amounts receivable after more than one year | 29 | €67,600 | €36,400 | -€31,200 | -46.2% |
| Trade receivables | 290 | €67,600 | €36,400 | -€31,200 | -46.2% |
| Stocks and contracts in progress | 3 | €1,235,200 | €1,550,621 | +€315,421 | +25.5% |
| Stocks | 30/36 | €1,234,693 | €1,523,335 | +€288,642 | +23.4% |
| Goods purchased for resale | 34 | €1,125,888 | €1,498,110 | +€372,222 | +33.1% |
| Advance payments | 36 | €108,805 | €25,225 | -€83,580 | -76.8% |
| Contracts in progress | 37 | €507 | €27,286 | +€26,779 | +5279.6% |
| Amounts receivable within one year | 40/41 | €942,227 | €1,134,234 | +€192,007 | +20.4% |
| Trade receivables | 40 | €938,766 | €1,134,034 | +€195,268 | +20.8% |
| Other amounts receivable | 41 | €3,462 | €200 | -€3,262 | -94.2% |
| Cash at bank and in hand | 54/58 | €1,057,851 | €2,017,131 | +€959,280 | +90.7% |
| Deferred charges and accrued income | 490/1 | €64,356 | €9,345 | -€55,011 | -85.5% |
| Total equity and liabilities | 10/49 | €3,604,870 | €5,016,340 | +€1.4m | +39.2% |
| Equity | 10/15 | €1,937,914 | €2,161,245 | +€223,330 | +11.5% |
| Contributions | 10/11 | €512,000 | €512,000 | = | 0.0% |
| Capital | 10 | €512,000 | €512,000 | = | 0.0% |
| Issued capital | 100 | €512,000 | €512,000 | = | 0.0% |
| Reserves | 13 | €1,425,914 | €1,649,245 | +€223,330 | +15.7% |
| Non-distributable reserves | 130/1 | €51,200 | €51,200 | = | 0.0% |
| Legal reserve | 130 | €51,200 | €51,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €1,299,714 | €1,523,045 | +€223,330 | +17.2% |
| Provisions and deferred taxes | 16 | €17,849 | €19,330 | +€1,481 | +8.3% |
| Provisions for liabilities and charges | 160/5 | €17,849 | €19,330 | +€1,481 | +8.3% |
| Other liabilities and charges | 164/5 | €17,849 | €19,330 | +€1,481 | +8.3% |
| Amounts payable | 17/49 | €1,649,107 | €2,835,766 | +€1.2m | +72.0% |
| Amounts payable within one year | 42/48 | €1,649,107 | €2,835,766 | +€1.2m | +72.0% |
| Trade debts | 44 | €305,042 | €373,138 | +€68,096 | +22.3% |
| Suppliers | 440/4 | €305,042 | €373,138 | +€68,096 | +22.3% |
| Advances received on contracts in progress | 46 | €881,387 | €1,929,665 | +€1.0m | +118.9% |
| Taxes, remuneration and social security | 45 | €462,677 | €532,962 | +€70,285 | +15.2% |
| Taxes | 450/3 | €125,979 | €162,812 | +€36,833 | +29.2% |
| Remuneration and social security | 454/9 | €336,698 | €370,150 | +€33,452 | +9.9% |
| Operating income | 70/76A | €6,959,207 | €7,549,740 | +€590,533 | +8.5% |
| Turnover | 70 | €6,705,534 | €6,062,113 | -€643,422 | -9.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€295 | €26,779 | +€27,074 | |
| Other operating income | 74 | €253,919 | €38,523 | -€215,396 | -84.8% |
| Non-recurring operating income | 76A | €48 | €1,422,326 | +€1.4m | +2948336.2% |
| Operating charges | 60/66A | €7,337,692 | €7,249,576 | -€88,115 | -1.2% |
| Goods for resale, raw materials and consumables | 60 | €4,476,491 | €4,071,743 | -€404,747 | -9.0% |
| Purchases | 600/8 | €4,435,732 | €4,637,326 | +€201,594 | +4.5% |
| Change in stocks: decrease (increase) | 609 | €40,759 | -€565,582 | -€606,341 | |
| Services and other goods | 61 | €743,343 | €762,131 | +€18,788 | +2.5% |
| Remuneration, social security and pensions | 62 | €2,143,288 | €2,141,923 | -€1,365 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,035 | €63,161 | +€15,126 | +31.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€79,516 | €46,350 | +€125,867 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,073 | €1,481 | +€8,554 | |
| Other operating charges | 640/8 | €11,655 | €15,777 | +€4,122 | +35.4% |
| Non-recurring operating charges | 66A | €1,470 | €147,010 | +€145,540 | +9900.2% |
| Operating profit (loss) | 9901 | -€378,485 | €300,164 | +€678,649 | |
| Financial income | 75/76B | €2,434 | €873 | -€1,561 | -64.1% |
| Recurring financial income | 75 | €1,655 | €873 | -€782 | -47.3% |
| Other financial income | 752/9 | €1,655 | €873 | -€782 | -47.3% |
| Non-recurring financial income | 76B | €779 | - | -€779 | |
| Financial charges | 65/66B | €52,292 | €68,076 | +€15,784 | +30.2% |
| Recurring financial charges | 65 | €52,292 | €68,076 | +€15,784 | +30.2% |
| Other financial charges | 652/9 | €52,292 | €68,076 | +€15,784 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€428,343 | €232,960 | +€661,304 | |
| Income taxes | 67/77 | - | €9,630 | +€9,630 | |
| Taxes | 670/3 | - | €9,630 | +€9,630 | |
| Profit (loss) for the period | 9904 | -€428,343 | €223,330 | +€651,673 | |
| Profit (loss) for the period to be appropriated | 9905 | -€428,343 | €223,330 | +€651,673 |
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.