ULRIKA: 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.
ULRIKA
Largest movements
- Current investments +€153,806
new in 2024: €153,806
- Cash -€87,095
down €87,095 (-69.0%), from €126,216 to €39,121
mainly Current investments (-€153,806) and Contributions, distributions and other (-€152,896)
- Receivables within one year +€38,006
up €38,006 (+92.6%), from €41,026 to €79,032
of which Trade receivables: +€37,627
- Tangible fixed assets -€34,342
down €34,342 (-1.3%), from €2.6m to €2.6m
of which Land and buildings: -€77,163
- Debts after one year -€120,317
down €120,317 (-7.8%), from €1.5m to €1.4m
- Reserves +€78,709
up €78,709 (+13.2%), from €595,139 to €673,848
- Other debts +€78,217
up €78,217 (+18.2%), from €430,607 to €508,825
- Tax, wage and social debts +€29,407
up €29,407 (+63.1%), from €46,635 to €76,041
- Gross operating margin +€185,461
up €185,461 (+57.7%), from €321,319 to €506,779
- Taxes +€56,424
up €56,424 (+106%), from €53,447 to €109,870
- Depreciation +€8,369
up €8,369 (+7.7%), from €109,338 to €117,707
- Other operating charges +€6,653
up €6,653 (+47.3%), from €14,076 to €20,729
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,783,064 | €2,852,920 | +€69,856 | +2.5% |
| Fixed assets | 21/28 | €2,610,928 | €2,576,586 | -€34,342 | -1.3% |
| Tangible fixed assets | 22/27 | €2,610,928 | €2,576,586 | -€34,342 | -1.3% |
| Land and buildings | 22 | €2,549,647 | €2,472,485 | -€77,163 | -3.0% |
| Plant, machinery and equipment | 23 | €59,360 | €102,618 | +€43,259 | +72.9% |
| Furniture and vehicles | 24 | €1,921 | €1,483 | -€438 | -22.8% |
| Current assets | 29/58 | €172,135 | €276,333 | +€104,198 | +60.5% |
| Amounts receivable within one year | 40/41 | €41,026 | €79,032 | +€38,006 | +92.6% |
| Trade receivables | 40 | €40,972 | €78,599 | +€37,627 | +91.8% |
| Other amounts receivable | 41 | €55 | €433 | +€378 | +693% |
| Current investments | 50/53 | - | €153,806 | +€153,806 | |
| Cash at bank and in hand | 54/58 | €126,216 | €39,121 | -€87,095 | -69.0% |
| Deferred charges and accrued income | 490/1 | €4,893 | €4,374 | -€518 | -10.6% |
| Total equity and liabilities | 10/49 | €2,783,064 | €2,852,920 | +€69,856 | +2.5% |
| Equity | 10/15 | €613,739 | €692,448 | +€78,709 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €595,139 | €673,848 | +€78,709 | +13.2% |
| Distributable reserves | 133 | €595,139 | €673,848 | +€78,709 | +13.2% |
| Amounts payable | 17/49 | €2,169,325 | €2,160,472 | -€8,853 | -0.4% |
| Amounts payable after more than one year | 17 | €1,547,938 | €1,427,622 | -€120,317 | -7.8% |
| Financial debts | 170/4 | €1,547,938 | €1,427,622 | -€120,317 | -7.8% |
| Amounts payable within one year | 42/48 | €609,747 | €717,625 | +€107,878 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €118,823 | €120,317 | +€1,494 | +1.3% |
| Trade debts | 44 | €13,682 | €12,442 | -€1,239 | -9.1% |
| Suppliers | 440/4 | €13,682 | €12,442 | -€1,239 | -9.1% |
| Taxes, remuneration and social security | 45 | €46,635 | €76,041 | +€29,407 | +63.1% |
| Taxes | 450/3 | €46,635 | €76,041 | +€29,407 | +63.1% |
| Other amounts payable | 47/48 | €430,607 | €508,825 | +€78,217 | +18.2% |
| Accrued charges and deferred income | 492/3 | €11,640 | €15,226 | +€3,586 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,338 | €117,707 | +€8,369 | +7.7% |
| Other operating charges | 640/8 | €14,076 | €20,729 | +€6,653 | +47.3% |
| Gross operating margin | 9900 | €321,319 | €506,779 | +€185,461 | +57.7% |
| Operating profit (loss) | 9901 | €197,904 | €368,343 | +€170,439 | +86.1% |
| Financial income | 75/76B | €542 | €766 | +€224 | +41.3% |
| Recurring financial income | 75 | €542 | €766 | +€224 | +41.3% |
| Financial charges | 65/66B | €30,756 | €27,634 | -€3,122 | -10.2% |
| Recurring financial charges | 65 | €30,756 | €27,634 | -€3,122 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €167,690 | €341,474 | +€173,785 | +104% |
| Income taxes | 67/77 | €53,447 | €109,870 | +€56,424 | +106% |
| Profit (loss) for the period | 9904 | €114,243 | €231,604 | +€117,361 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €114,243 | €231,604 | +€117,361 | +103% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.