ULTIM-IT: 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.
ULTIM-IT
Largest movements
- Current investments +€450,000
new in 2025: €450,000
- Cash -€327,151
down €327,151 (-83.3%), from €392,749 to €65,598
mainly Current investments (-€450,000) and Investment in fixed assets (net) (-€35,850)
- Intangible fixed assets -€35,669
no longer reported in 2025 (was €35,669)
- Tangible fixed assets +€25,675
up €25,675 (+9.0%), from €286,744 to €312,419
of which Other tangible fixed assets: +€31,755
- Reserves +€123,343
up €123,343 (+19.2%), from €643,622 to €766,964
- Gross operating margin -€33,455
down €33,455 (-12.7%), from €263,025 to €229,570
- Taxes -€12,296
down €12,296 (-18.8%), from €65,453 to €53,157
- Depreciation +€7,168
up €7,168 (+18.5%), from €38,676 to €45,844
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 | €766,194 | €876,506 | +€110,312 | +14.4% |
| Fixed assets | 21/28 | €322,413 | €312,419 | -€9,994 | -3.1% |
| Intangible fixed assets | 21 | €35,669 | - | -€35,669 | |
| Tangible fixed assets | 22/27 | €286,744 | €312,419 | +€25,675 | +9.0% |
| Land and buildings | 22 | €197,151 | €205,662 | +€8,511 | +4.3% |
| Plant, machinery and equipment | 23 | €19 | €2,148 | +€2,129 | +11,073% |
| Furniture and vehicles | 24 | €61,809 | €45,088 | -€16,721 | -27.1% |
| Other tangible fixed assets | 26 | €27,766 | €59,521 | +€31,755 | +114% |
| Current assets | 29/58 | €443,781 | €564,086 | +€120,305 | +27.1% |
| Amounts receivable within one year | 40/41 | €49,182 | €46,856 | -€2,326 | -4.7% |
| Trade receivables | 40 | €48,400 | €45,019 | -€3,381 | -7.0% |
| Other amounts receivable | 41 | €782 | €1,837 | +€1,055 | +135% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €392,749 | €65,598 | -€327,151 | -83.3% |
| Deferred charges and accrued income | 490/1 | €1,850 | €1,632 | -€218 | -11.8% |
| Total equity and liabilities | 10/49 | €766,194 | €876,506 | +€110,312 | +14.4% |
| Equity | 10/15 | €656,022 | €779,364 | +€123,343 | +18.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €643,622 | €766,964 | +€123,343 | +19.2% |
| Distributable reserves | 133 | €643,622 | €766,964 | +€123,343 | +19.2% |
| Amounts payable | 17/49 | €110,172 | €97,141 | -€13,031 | -11.8% |
| Amounts payable after more than one year | 17 | €69,921 | €61,271 | -€8,650 | -12.4% |
| Financial debts | 170/4 | €69,921 | €61,271 | -€8,650 | -12.4% |
| Amounts payable within one year | 42/48 | €40,078 | €35,710 | -€4,369 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €8,650 | €8,650 | = | 0.0% |
| Trade debts | 44 | €2,447 | €5,297 | +€2,850 | +116% |
| Suppliers | 440/4 | €2,447 | €5,297 | +€2,850 | +116% |
| Taxes, remuneration and social security | 45 | €28,911 | €21,687 | -€7,224 | -25.0% |
| Taxes | 450/3 | €25,945 | €21,687 | -€4,259 | -16.4% |
| Remuneration and social security | 454/9 | €2,966 | - | -€2,966 | |
| Other amounts payable | 47/48 | €70 | €77 | +€6 | +9.1% |
| Accrued charges and deferred income | 492/3 | €173 | €160 | -€13 | -7.2% |
| Non-recurring operating income | 76A | €5,500 | - | -€5,500 | |
| Remuneration, social security and pensions | 62 | €2,304 | - | -€2,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,676 | €45,844 | +€7,168 | +18.5% |
| Other operating charges | 640/8 | €1,909 | €1,945 | +€36 | +1.9% |
| Non-recurring operating charges | 66A | - | €4,720 | +€4,720 | |
| Gross operating margin | 9900 | €263,025 | €229,570 | -€33,455 | -12.7% |
| Operating profit (loss) | 9901 | €220,136 | €177,060 | -€43,075 | -19.6% |
| Financial income | 75/76B | €1,420 | €2,624 | +€1,204 | +84.8% |
| Recurring financial income | 75 | €1,420 | €2,624 | +€1,204 | +84.8% |
| Financial charges | 65/66B | €3,495 | €3,185 | -€310 | -8.9% |
| Recurring financial charges | 65 | €3,495 | €3,185 | -€310 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €218,061 | €176,499 | -€41,562 | -19.1% |
| Income taxes | 67/77 | €65,453 | €53,157 | -€12,296 | -18.8% |
| Profit (loss) for the period | 9904 | €152,608 | €123,343 | -€29,266 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €152,608 | €123,343 | -€29,266 | -19.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.