Ultimaq: what changed
Two fiscal 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.
Ultimaq
Largest movements
- Cash -€65,865
down €65,865 (-30.7%), from €214,557 to €148,692
mainly Trade debts (-€68,309) and Receivables within one year (-€3,515)
- Tangible fixed assets -€8,038
down €8,038 (-30.7%), from €26,223 to €18,185
of which Furniture and vehicles: -€6,219
- Receivables within one year +€3,515
up €3,515 (+15.8%), from €22,208 to €25,723
of which Trade receivables: +€14,621
- Trade debts -€68,309
down €68,309 (-48.4%), from €141,026 to €72,718
- Financial charges -€1,345
down €1,345 (-90.1%), from €1,493 to €148
- Depreciation +€1,041
up €1,041 (+14.9%), from €6,996 to €8,038
- Gross operating margin +€806
up €806 (+8.2%), from €9,782 to €10,588
- Taxes +€614
new in 2025: €614
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.
Cash bridge derived
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 | €344,308 | €273,879 | -€70,428 | -20.5% |
| Fixed assets | 21/28 | €26,223 | €18,185 | -€8,038 | -30.7% |
| Tangible fixed assets | 22/27 | €26,223 | €18,185 | -€8,038 | -30.7% |
| Furniture and vehicles | 24 | €15,046 | €8,827 | -€6,219 | -41.3% |
| Other tangible fixed assets | 26 | €11,177 | €9,359 | -€1,818 | -16.3% |
| Current assets | 29/58 | €318,085 | €255,694 | -€62,391 | -19.6% |
| Stocks and contracts in progress | 3 | €23,404 | €23,404 | = | 0.0% |
| Contracts in progress | 37 | €23,404 | €23,404 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,208 | €25,723 | +€3,515 | +15.8% |
| Trade receivables | 40 | €11,102 | €25,723 | +€14,621 | +131.7% |
| Other amounts receivable | 41 | €11,105 | - | -€11,105 | |
| Current investments | 50/53 | €57,875 | €57,875 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €214,557 | €148,692 | -€65,865 | -30.7% |
| Deferred charges and accrued income | 490/1 | €41 | - | -€41 | |
| Total equity and liabilities | 10/49 | €344,308 | €273,879 | -€70,428 | -20.5% |
| Equity | 10/15 | €184,147 | €185,428 | +€1,281 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,158 | €25,439 | +€1,281 | +5.3% |
| Distributable reserves | 133 | €24,158 | €25,439 | +€1,281 | +5.3% |
| Profit (loss) carried forward | 14 | €153,789 | €153,789 | = | 0.0% |
| Amounts payable | 17/49 | €160,161 | €88,451 | -€71,710 | -44.8% |
| Amounts payable after more than one year | 17 | €1,080 | - | -€1,080 | |
| Financial debts | 170/4 | €1,080 | - | -€1,080 | |
| Amounts payable within one year | 42/48 | €159,081 | €88,451 | -€70,630 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €4,274 | €1,080 | -€3,195 | -74.7% |
| Trade debts | 44 | €141,026 | €72,718 | -€68,309 | -48.4% |
| Suppliers | 440/4 | €141,026 | €72,718 | -€68,309 | -48.4% |
| Taxes, remuneration and social security | 45 | - | €873 | +€873 | |
| Taxes | 450/3 | - | €873 | +€873 | |
| Other amounts payable | 47/48 | €13,780 | €13,780 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,996 | €8,038 | +€1,041 | +14.9% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €9,782 | €10,588 | +€806 | +8.2% |
| Operating profit (loss) | 9901 | €2,283 | €2,043 | -€240 | -10.5% |
| Financial income | 75/76B | €39 | - | -€39 | |
| Recurring financial income | 75 | €39 | - | -€39 | |
| Financial charges | 65/66B | €1,493 | €148 | -€1,345 | -90.1% |
| Recurring financial charges | 65 | €1,493 | €148 | -€1,345 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | €829 | €1,895 | +€1,066 | +128.6% |
| Income taxes | 67/77 | - | €614 | +€614 | |
| Profit (loss) for the period | 9904 | €829 | €1,281 | +€452 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €829 | €1,281 | +€452 | +54.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.