Ultimate Group: 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 Group
Largest movements
- Receivables within one year +€36,225
up €36,225 (+85.2%), from €42,500 to €78,725
of which Trade receivables: +€46,920
- Tangible fixed assets -€22,053
down €22,053 (-27.5%), from €80,339 to €58,285
of which Other tangible fixed assets: -€20,743
- Stocks and contracts +€10,424
up €10,424 (+34.4%), from €30,343 to €40,767
- Cash +€9,179
up €9,179 (+36.4%), from €25,208 to €34,387
mainly Depreciation (+€35,596) and Tax, wage and social debts (+€29,739)
- Intangible fixed assets -€7,500
down €7,500 (-20.0%), from €37,500 to €30,000
- Tax, wage and social debts +€29,739
new in 2023: €29,739
- Profit (loss) carried forward +€21,632
up €21,632 (+13.6%), from -€159,125 to -€137,493
- Accrued charges and deferred income -€20,269
no longer reported in 2023 (was €20,269)
- Other debts +€6,150
up €6,150 (+2.2%), from €284,333 to €290,483
- Debts after one year -€4,885
no longer reported in 2023 (was €4,885)
- Gross operating margin +€166,319
up €166,319, from -€87,614 to €78,705
- Staff costs -€4,784
down €4,784 (-50.8%), from €9,417 to €4,632
- Other operating charges -€3,597
down €3,597 (-57.8%), from €6,226 to €2,629
- Depreciation +€1,617
up €1,617 (+4.8%), from €33,979 to €35,596
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,040 | €242,315 | +€26,275 | +12.2% |
| Fixed assets | 21/28 | €117,989 | €88,435 | -€29,553 | -25.0% |
| Intangible fixed assets | 21 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Tangible fixed assets | 22/27 | €80,339 | €58,285 | -€22,053 | -27.5% |
| Land and buildings | 22 | €13,811 | €10,908 | -€2,903 | -21.0% |
| Plant, machinery and equipment | 23 | €30,996 | €18,929 | -€12,067 | -38.9% |
| Furniture and vehicles | 24 | €14,788 | €11,250 | -€3,538 | -23.9% |
| Leasing and similar rights | 25 | - | €17,198 | +€17,198 | |
| Other tangible fixed assets | 26 | €20,743 | - | -€20,743 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €98,052 | €153,880 | +€55,828 | +56.9% |
| Stocks and contracts in progress | 3 | €30,343 | €40,767 | +€10,424 | +34.4% |
| Stocks | 30/36 | €30,343 | €40,767 | +€10,424 | +34.4% |
| Amounts receivable within one year | 40/41 | €42,500 | €78,725 | +€36,225 | +85.2% |
| Trade receivables | 40 | €25,797 | €72,716 | +€46,920 | +181.9% |
| Other amounts receivable | 41 | €16,704 | €6,009 | -€10,695 | -64.0% |
| Cash at bank and in hand | 54/58 | €25,208 | €34,387 | +€9,179 | +36.4% |
| Total equity and liabilities | 10/49 | €216,040 | €242,315 | +€26,275 | +12.2% |
| Equity | 10/15 | -€156,125 | -€134,493 | +€21,632 | +13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,125 | -€137,493 | +€21,632 | +13.6% |
| Amounts payable | 17/49 | €372,165 | €376,808 | +€4,642 | +1.2% |
| Amounts payable after more than one year | 17 | €4,885 | - | -€4,885 | |
| Financial debts | 170/4 | €4,885 | - | -€4,885 | |
| Amounts payable within one year | 42/48 | €347,011 | €376,808 | +€29,797 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €19,523 | €16,567 | -€2,957 | -15.1% |
| Financial debts | 43 | €2,142 | €630 | -€1,512 | -70.6% |
| Credit institutions | 430/8 | €2,142 | €630 | -€1,512 | -70.6% |
| Trade debts | 44 | €41,013 | €39,389 | -€1,624 | -4.0% |
| Suppliers | 440/4 | €41,013 | €39,389 | -€1,624 | -4.0% |
| Taxes, remuneration and social security | 45 | - | €29,739 | +€29,739 | |
| Taxes | 450/3 | - | €29,739 | +€29,739 | |
| Other amounts payable | 47/48 | €284,333 | €290,483 | +€6,150 | +2.2% |
| Accrued charges and deferred income | 492/3 | €20,269 | - | -€20,269 | |
| Remuneration, social security and pensions | 62 | €9,417 | €4,632 | -€4,784 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,979 | €35,596 | +€1,617 | +4.8% |
| Other operating charges | 640/8 | €6,226 | €2,629 | -€3,597 | -57.8% |
| Gross operating margin | 9900 | -€87,614 | €78,705 | +€166,319 | |
| Operating profit (loss) | 9901 | -€137,235 | €35,848 | +€173,083 | |
| Financial income | 75/76B | €819 | €468 | -€351 | -42.9% |
| Recurring financial income | 75 | €819 | €468 | -€351 | -42.9% |
| Financial charges | 65/66B | €858 | €683 | -€175 | -20.4% |
| Recurring financial charges | 65 | €715 | €683 | -€32 | -4.5% |
| Non-recurring financial charges | 66B | €143 | - | -€143 | |
| Profit (loss) for the period before taxes | 9903 | -€137,274 | €35,632 | +€172,906 | |
| Income taxes | 67/77 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€151,274 | €21,632 | +€172,906 | |
| Profit (loss) for the period to be appropriated | 9905 | -€151,274 | €21,632 | +€172,906 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.