ULTIMATE FACTORY: 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.
ULTIMATE FACTORY
Largest movements
- Tangible fixed assets -€12,264
no longer reported in 2025 (was €12,264)
- Cash -€2,447
down €2,447 (-96.3%), from €2,542 to €95
mainly Net result for the year (-€9,607) and Tax, wage and social debts (-€6,528)
- Receivables within one year -€406
down €406 (-81.5%), from €498 to €92
of which Trade receivables: -€498
- Profit (loss) carried forward -€9,606
down €9,606 (-24.4%), from -€39,385 to -€48,991
- Tax, wage and social debts -€6,528
down €6,528 (-50.1%), from €13,031 to €6,503
of which Remuneration and social security: -€7,492
- Other debts +€1,932
up €1,932 (+5.6%), from €34,743 to €36,675
- Trade debts -€915
no longer reported in 2025 (was €915)
- Staff costs -€43,620
down €43,620 (-99.9%), from €43,652 to €32
- Gross operating margin -€29,144
down €29,144, from €27,339 to -€1,805
- Financial income +€5,535
up €5,535 (+553500.0%), from €1 to €5,536
of which Non-recurring financial income: +€5,522
- Depreciation -€1,464
no longer reported in 2025 (was €1,464)
- Other operating charges +€629
up €629 (+1885.0%), from €33 to €662
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 | €15,304 | €187 | -€15,117 | -98.8% |
| Fixed assets | 21/28 | €12,264 | - | -€12,264 | |
| Tangible fixed assets | 22/27 | €12,264 | - | -€12,264 | |
| Plant, machinery and equipment | 23 | €12,264 | - | -€12,264 | |
| Current assets | 29/58 | €3,040 | €187 | -€2,853 | -93.8% |
| Amounts receivable within one year | 40/41 | €498 | €92 | -€406 | -81.5% |
| Trade receivables | 40 | €498 | - | -€498 | |
| Other amounts receivable | 41 | - | €92 | +€92 | |
| Cash at bank and in hand | 54/58 | €2,542 | €95 | -€2,447 | -96.3% |
| Total equity and liabilities | 10/49 | €15,304 | €187 | -€15,117 | -98.8% |
| Equity | 10/15 | -€33,385 | -€42,991 | -€9,606 | -28.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,385 | -€48,991 | -€9,606 | -24.4% |
| Amounts payable | 17/49 | €48,689 | €43,178 | -€5,511 | -11.3% |
| Amounts payable within one year | 42/48 | €48,689 | €43,178 | -€5,511 | -11.3% |
| Trade debts | 44 | €915 | - | -€915 | |
| Suppliers | 440/4 | €915 | - | -€915 | |
| Taxes, remuneration and social security | 45 | €13,031 | €6,503 | -€6,528 | -50.1% |
| Taxes | 450/3 | €2,387 | €3,351 | +€964 | +40.4% |
| Remuneration and social security | 454/9 | €10,644 | €3,152 | -€7,492 | -70.4% |
| Other amounts payable | 47/48 | €34,743 | €36,675 | +€1,932 | +5.6% |
| Remuneration, social security and pensions | 62 | €43,652 | €32 | -€43,620 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,464 | - | -€1,464 | |
| Other operating charges | 640/8 | €33 | €662 | +€629 | +1885.0% |
| Non-recurring operating charges | 66A | - | €12,264 | +€12,264 | |
| Gross operating margin | 9900 | €27,339 | -€1,805 | -€29,144 | |
| Operating profit (loss) | 9901 | -€17,810 | -€14,763 | +€3,047 | +17.1% |
| Financial income | 75/76B | €1 | €5,536 | +€5,535 | +553500.0% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1300.0% |
| Non-recurring financial income | 76B | - | €5,522 | +€5,522 | |
| Financial charges | 65/66B | €277 | €380 | +€103 | +37.3% |
| Recurring financial charges | 65 | €277 | €380 | +€103 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,086 | -€9,607 | +€8,479 | +46.9% |
| Profit (loss) for the period | 9904 | -€18,086 | -€9,607 | +€8,479 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,086 | -€9,607 | +€8,479 | +46.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.