ULP-II: 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.
ULP-II
Largest movements
- Stocks and contracts +€61,273
up €61,273 (+3.2%), from €1.9m to €2.0m
- Debts after one year +€61,273
up €61,273 (+3.2%), from €1.9m to €2.0m
- Gross operating margin -€61,448
down €61,448, from €57,710 to -€3,738
- Financial charges -€61,044
down €61,044 (-99.2%), from €61,521 to €477
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 | €1,904,414 | €1,960,103 | +€55,689 | +2.9% |
| Current assets | 29/58 | €1,904,414 | €1,960,103 | +€55,689 | +2.9% |
| Stocks and contracts in progress | 3 | €1,897,825 | €1,959,098 | +€61,273 | +3.2% |
| Stocks | 30/36 | €1,897,825 | €1,959,098 | +€61,273 | +3.2% |
| Cash at bank and in hand | 54/58 | €6,589 | €1,005 | -€5,584 | -84.8% |
| Total equity and liabilities | 10/49 | €1,904,414 | €1,960,103 | +€55,689 | +2.9% |
| Equity | 10/15 | -€18,100 | -€23,544 | -€5,444 | -30.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,100 | -€123,544 | -€5,444 | -4.6% |
| Amounts payable | 17/49 | €1,922,513 | €1,983,646 | +€61,133 | +3.2% |
| Amounts payable after more than one year | 17 | €1,918,328 | €1,979,601 | +€61,273 | +3.2% |
| Financial debts | 170/4 | €1,918,328 | €1,979,601 | +€61,273 | +3.2% |
| Amounts payable within one year | 42/48 | €4,186 | €4,046 | -€140 | -3.3% |
| Trade debts | 44 | €4,186 | €4,046 | -€140 | -3.3% |
| Suppliers | 440/4 | €4,186 | €4,046 | -€140 | -3.3% |
| Non-recurring operating income | 76A | €2,579 | €2,062 | -€517 | -20.1% |
| Other operating charges | 640/8 | €1,192 | €1,229 | +€37 | +3.1% |
| Gross operating margin | 9900 | €57,710 | -€3,738 | -€61,448 | |
| Operating profit (loss) | 9901 | €56,518 | -€4,967 | -€61,485 | |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €61,521 | €477 | -€61,044 | -99.2% |
| Recurring financial charges | 65 | €61,521 | €477 | -€61,044 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,988 | -€5,444 | -€456 | -9.1% |
| Profit (loss) for the period | 9904 | -€4,988 | -€5,444 | -€456 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,988 | -€5,444 | -€456 | -9.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.