ultima financial consultancy: what changed
What changed
ultima financial consultancy
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€4,963
2024 · €18,746-€23,709
Equity
€692,685
2024 · €697,648-€4,963
Cash
€187,379
2024 · €14,166+€173,213
Balance sheet total
€2.9m
2024 · €2.6m+€352,239
Largest movements
Assets
- Tangible fixed assets +€215,621
up €215,621 (+9.5%), from €2.3m to €2.5m
of which Land and buildings: +€253,147
- Cash +€173,213
up €173,213 (+1,223%), from €14,166 to €187,379
mainly Debts after one year (+€245,686) and Depreciation (+€123,321)
- Receivables within one year -€36,595
down €36,595 (-13.1%), from €279,926 to €243,331
of which Other amounts receivable: -€105,795
Equity and liabilities
- Debts after one year +€245,686
up €245,686 (+15.9%), from €1.5m to €1.8m
of which Financial debts: +€240,586
- Short-term financial debts +€100,000
new in 2025: €100,000
- Accrued charges and deferred income +€40,248
up €40,248 (+46.1%), from €87,326 to €127,574
- Other debts -€39,683
down €39,683 (-58.4%), from €67,920 to €28,236
Income statement
- Financial charges +€18,597
up €18,597 (+27.9%), from €66,566 to €85,163
- Gross operating margin -€15,113
down €15,113 (-6.3%), from €240,531 to €225,418
- Other operating charges -€14,010
down €14,010 (-57.0%), from €24,596 to €10,585
- Staff costs +€5,208
new in 2025: €5,208
- Taxes -€2,716
down €2,716 (-25.8%), from €10,530 to €7,814
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.
Result 2024
€18,746
Gross operating margin
-€15,113
Staff costs
-€5,208
Depreciation
+€165
Other operating charges
+€14,010
Financial income
-€1,683
Financial charges
-€18,597
Taxes
+€2,716
Result 2025
-€4,963
raises the resultlowers the result
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.
From operations
+€148,243
Investment
-€338,942
Financing
+€363,912
Cash 2024
€14,166
From operations (derived)
+€148,243
Net result for the year
-€4,963
Depreciation
+€123,321
Receivables within one year
+€36,595
Trade debts
-€6,309
Tax, wage and social debts
-€1,826
Advances received
+€859
Other debts
-€39,683
Accrued charges and deferred income
+€40,248
Investment (derived)
-€338,942
Investment in fixed assets (net)
-€338,942
Financing
+€363,912
Debts after one year
+€245,686
Current portion of long-term debt
+€18,226
Short-term financial debts
+€100,000
Cash 2025
€187,379
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,579,715 | €2,931,953 | +€352,239 | +13.7% |
| Fixed assets | 21/28 | €2,278,334 | €2,493,955 | +€215,621 | +9.5% |
| Tangible fixed assets | 22/27 | €2,278,334 | €2,493,955 | +€215,621 | +9.5% |
| Land and buildings | 22 | €2,160,866 | €2,414,013 | +€253,147 | +11.7% |
| Plant, machinery and equipment | 23 | €19,039 | €12,211 | -€6,827 | -35.9% |
| Furniture and vehicles | 24 | €55,058 | €29,305 | -€25,753 | -46.8% |
| Other tangible fixed assets | 26 | €43,371 | €38,426 | -€4,945 | -11.4% |
| Current assets | 29/58 | €301,381 | €437,998 | +€136,618 | +45.3% |
| Stocks and contracts in progress | 3 | €4,250 | €4,250 | = | 0.0% |
| Stocks | 30/36 | €4,250 | €4,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €279,926 | €243,331 | -€36,595 | -13.1% |
| Trade receivables | 40 | €173,767 | €242,967 | +€69,200 | +39.8% |
| Other amounts receivable | 41 | €106,158 | €363 | -€105,795 | -99.7% |
| Cash at bank and in hand | 54/58 | €14,166 | €187,379 | +€173,213 | +1,223% |
| Deferred charges and accrued income | 490/1 | €3,039 | €3,039 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,579,715 | €2,931,953 | +€352,239 | +13.7% |
| Equity | 10/15 | €697,648 | €692,685 | -€4,963 | -0.7% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Reserves | 13 | €279,048 | €274,085 | -€4,963 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €258,438 | €253,475 | -€4,963 | -1.9% |
| Amounts payable | 17/49 | €1,882,067 | €2,239,268 | +€357,202 | +19.0% |
| Amounts payable after more than one year | 17 | €1,545,012 | €1,790,698 | +€245,686 | +15.9% |
| Financial debts | 170/4 | €1,545,012 | €1,785,598 | +€240,586 | +15.6% |
| Other amounts payable | 178/9 | - | €5,100 | +€5,100 | |
| Amounts payable within one year | 42/48 | €249,728 | €320,996 | +€71,267 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €86,068 | €104,295 | +€18,226 | +21.2% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €34,616 | €28,307 | -€6,309 | -18.2% |
| Suppliers | 440/4 | €34,616 | €28,307 | -€6,309 | -18.2% |
| Advances received on contracts in progress | 46 | €12,793 | €13,653 | +€859 | +6.7% |
| Taxes, remuneration and social security | 45 | €48,331 | €46,505 | -€1,826 | -3.8% |
| Taxes | 450/3 | €48,331 | €46,104 | -€2,227 | -4.6% |
| Remuneration and social security | 454/9 | - | €401 | +€401 | |
| Other amounts payable | 47/48 | €67,920 | €28,236 | -€39,683 | -58.4% |
| Accrued charges and deferred income | 492/3 | €87,326 | €127,574 | +€40,248 | +46.1% |
| Remuneration, social security and pensions | 62 | - | €5,208 | +€5,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,486 | €123,321 | -€165 | -0.1% |
| Other operating charges | 640/8 | €24,596 | €10,585 | -€14,010 | -57.0% |
| Gross operating margin | 9900 | €240,531 | €225,418 | -€15,113 | -6.3% |
| Operating profit (loss) | 9901 | €92,449 | €86,304 | -€6,145 | -6.6% |
| Financial income | 75/76B | €3,393 | €1,710 | -€1,683 | -49.6% |
| Recurring financial income | 75 | €3,393 | €1,710 | -€1,683 | -49.6% |
| Financial charges | 65/66B | €66,566 | €85,163 | +€18,597 | +27.9% |
| Recurring financial charges | 65 | €66,566 | €85,163 | +€18,597 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €29,276 | €2,851 | -€26,425 | -90.3% |
| Income taxes | 67/77 | €10,530 | €7,814 | -€2,716 | -25.8% |
| Profit (loss) for the period | 9904 | €18,746 | -€4,963 | -€23,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,746 | -€4,963 | -€23,709 |
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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 5 November 2026 via checked.be.