Ulmus Minor: what changed
Ulmus Minor
Largest movements
- Receivables within one year -€199,972
down €199,972 (-64.5%), from €310,000 to €110,028
- Cash +€137,669
up €137,669 (+408%), from €33,776 to €171,445
mainly Receivables within one year (+€199,972) and Other debts (+€71,495)
- Reserves -€124,855
down €124,855 (-40.5%), from €308,656 to €183,801
- Other debts +€71,495
up €71,495 (+1,103%), from €6,483 to €77,978
- Tax, wage and social debts -€8,937
down €8,937 (-59.4%), from €15,046 to €6,109
- Other operating charges -€14,960
down €14,960 (-69.0%), from €21,697 to €6,737
- Gross operating margin -€14,036
down €14,036 (-58.7%), from €23,901 to €9,865
- Financial income -€1,744
no longer reported in 2025 (was €1,744)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,831 | €286,528 | -€62,303 | -17.9% |
| Fixed assets | 21/28 | €5,055 | €5,055 | = | 0.0% |
| Financial fixed assets | 28 | €5,055 | €5,055 | = | 0.0% |
| Current assets | 29/58 | €343,776 | €281,473 | -€62,303 | -18.1% |
| Amounts receivable within one year | 40/41 | €310,000 | €110,028 | -€199,972 | -64.5% |
| Other amounts receivable | 41 | €310,000 | €110,028 | -€199,972 | -64.5% |
| Cash at bank and in hand | 54/58 | €33,776 | €171,445 | +€137,669 | +408% |
| Total equity and liabilities | 10/49 | €348,831 | €286,528 | -€62,303 | -17.9% |
| Equity | 10/15 | €327,256 | €202,401 | -€124,855 | -38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €308,656 | €183,801 | -€124,855 | -40.5% |
| Distributable reserves | 133 | €308,656 | €183,801 | -€124,855 | -40.5% |
| Amounts payable | 17/49 | €21,575 | €84,127 | +€62,552 | +290% |
| Amounts payable within one year | 42/48 | €21,575 | €84,127 | +€62,552 | +290% |
| Trade debts | 44 | €47 | €41 | -€6 | -13.0% |
| Suppliers | 440/4 | €47 | €41 | -€6 | -13.0% |
| Taxes, remuneration and social security | 45 | €15,046 | €6,109 | -€8,937 | -59.4% |
| Taxes | 450/3 | €15,046 | €6,109 | -€8,937 | -59.4% |
| Other amounts payable | 47/48 | €6,483 | €77,978 | +€71,495 | +1,103% |
| Other operating charges | 640/8 | €21,697 | €6,737 | -€14,960 | -69.0% |
| Gross operating margin | 9900 | €23,901 | €9,865 | -€14,036 | -58.7% |
| Operating profit (loss) | 9901 | €2,204 | €3,128 | +€924 | +41.9% |
| Financial income | 75/76B | €1,744 | - | -€1,744 | |
| Recurring financial income | 75 | €1,744 | - | -€1,744 | |
| Financial charges | 65/66B | €264 | €128 | -€136 | -51.6% |
| Recurring financial charges | 65 | €264 | €128 | -€136 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €3,684 | €3,000 | -€684 | -18.6% |
| Income taxes | 67/77 | €1,022 | €855 | -€167 | -16.4% |
| Profit (loss) for the period | 9904 | €2,662 | €2,145 | -€517 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,662 | €2,145 | -€517 | -19.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.