« Ultim Process »: 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 Process »
Largest movements
- Cash +€26,018
up €26,018 (+50.2%), from €51,813 to €77,831
mainly Net result for the year (+€35,128) and Depreciation (+€21,487)
- Receivables within one year -€18,572
down €18,572 (-98.4%), from €18,872 to €300
of which Trade receivables: -€12,705
- Tangible fixed assets -€17,963
down €17,963 (-13.2%), from €136,121 to €118,158
of which Land and buildings: -€13,341
- Profit (loss) carried forward +€22,628
up €22,628 (+39.3%), from €57,508 to €80,136
- Debts after one year -€22,439
down €22,439 (-20.6%), from €108,876 to €86,437
- Current portion of long-term debt -€7,381
down €7,381 (-38.8%), from €19,037 to €11,656
- Tax, wage and social debts -€6,662
down €6,662 (-34.1%), from €19,539 to €12,876
of which Remuneration and social security: -€5,049
- Staff costs -€14,631
down €14,631 (-34.1%), from €42,880 to €28,248
- Gross operating margin +€8,489
up €8,489 (+10.9%), from €77,550 to €86,039
- Depreciation -€7,198
down €7,198 (-25.1%), from €28,685 to €21,487
- Taxes +€6,704
up €6,704 (+1,561%), from €429 to €7,133
- Financial income +€4,357
up €4,357 (+77.2%), from €5,643 to €10,000
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 | €227,768 | €215,704 | -€12,063 | -5.3% |
| Fixed assets | 21/28 | €153,621 | €135,658 | -€17,963 | -11.7% |
| Tangible fixed assets | 22/27 | €136,121 | €118,158 | -€17,963 | -13.2% |
| Land and buildings | 22 | €99,338 | €85,997 | -€13,341 | -13.4% |
| Plant, machinery and equipment | 23 | €20,943 | €17,061 | -€3,882 | -18.5% |
| Furniture and vehicles | 24 | €15,840 | €15,100 | -€740 | -4.7% |
| Financial fixed assets | 28 | €17,500 | €17,500 | = | 0.0% |
| Current assets | 29/58 | €74,146 | €80,046 | +€5,900 | +8.0% |
| Amounts receivable within one year | 40/41 | €18,872 | €300 | -€18,572 | -98.4% |
| Trade receivables | 40 | €12,705 | - | -€12,705 | |
| Other amounts receivable | 41 | €6,167 | €300 | -€5,867 | -95.1% |
| Cash at bank and in hand | 54/58 | €51,813 | €77,831 | +€26,018 | +50.2% |
| Deferred charges and accrued income | 490/1 | €3,461 | €1,915 | -€1,546 | -44.7% |
| Total equity and liabilities | 10/49 | €227,768 | €215,704 | -€12,063 | -5.3% |
| Equity | 10/15 | €77,968 | €100,596 | +€22,628 | +29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,508 | €80,136 | +€22,628 | +39.3% |
| Amounts payable | 17/49 | €149,800 | €115,108 | -€34,692 | -23.2% |
| Amounts payable after more than one year | 17 | €108,876 | €86,437 | -€22,439 | -20.6% |
| Financial debts | 170/4 | €108,876 | €86,437 | -€22,439 | -20.6% |
| Amounts payable within one year | 42/48 | €40,924 | €28,672 | -€12,253 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €19,037 | €11,656 | -€7,381 | -38.8% |
| Trade debts | 44 | €2,300 | €4,088 | +€1,788 | +77.8% |
| Suppliers | 440/4 | €2,300 | €4,088 | +€1,788 | +77.8% |
| Taxes, remuneration and social security | 45 | €19,539 | €12,876 | -€6,662 | -34.1% |
| Taxes | 450/3 | €13,566 | €11,952 | -€1,614 | -11.9% |
| Remuneration and social security | 454/9 | €5,973 | €924 | -€5,049 | -84.5% |
| Other amounts payable | 47/48 | €49 | €52 | +€3 | +6.1% |
| Remuneration, social security and pensions | 62 | €42,880 | €28,248 | -€14,631 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,685 | €21,487 | -€7,198 | -25.1% |
| Other operating charges | 640/8 | €2,515 | €1,497 | -€1,018 | -40.5% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €77,550 | €86,039 | +€8,489 | +10.9% |
| Operating profit (loss) | 9901 | €3,345 | €34,808 | +€31,463 | +941% |
| Financial income | 75/76B | €5,643 | €10,000 | +€4,357 | +77.2% |
| Recurring financial income | 75 | €5,643 | €10,000 | +€4,357 | +77.2% |
| Financial charges | 65/66B | €3,060 | €2,546 | -€514 | -16.8% |
| Recurring financial charges | 65 | €3,060 | €2,546 | -€514 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €5,927 | €42,261 | +€36,334 | +613% |
| Income taxes | 67/77 | €429 | €7,133 | +€6,704 | +1,561% |
| Profit (loss) for the period | 9904 | €5,498 | €35,128 | +€29,630 | +539% |
| Profit (loss) for the period to be appropriated | 9905 | €5,498 | €35,128 | +€29,630 | +539% |
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 20 October 2026 via checked.be.