Ultimate Invest: 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.
Ultimate Invest
Largest movements
- Receivables within one year +€75,625
up €75,625, from €0 to €75,625
of which Trade receivables: +€75,625
- Cash +€14,353
up €14,353 (+158%), from €9,096 to €23,449
mainly Net result for the year (+€71,419) and Tax, wage and social debts (+€11,719)
- Tangible fixed assets -€7,452
down €7,452 (-24.3%), from €30,624 to €23,172
of which Furniture and vehicles: -€6,811
- Profit (loss) carried forward +€71,419
up €71,419 (+604%), from €11,825 to €83,244
- Tax, wage and social debts +€11,719
up €11,719 (+59.9%), from €19,573 to €31,292
- Other debts -€2,583
down €2,583 (-55.2%), from €4,677 to €2,093
- Trade debts +€2,176
up €2,176 (+243%), from €896 to €3,071
- Gross operating margin +€72,798
up €72,798 (+286%), from €25,486 to €98,284
- Taxes +€14,532
up €14,532 (+384%), from €3,783 to €18,314
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 | €39,720 | €122,450 | +€82,730 | +208% |
| Fixed assets | 21/28 | €30,624 | €23,172 | -€7,452 | -24.3% |
| Tangible fixed assets | 22/27 | €30,624 | €23,172 | -€7,452 | -24.3% |
| Plant, machinery and equipment | 23 | €2,931 | €2,290 | -€641 | -21.9% |
| Furniture and vehicles | 24 | €27,693 | €20,881 | -€6,811 | -24.6% |
| Current assets | 29/58 | €9,096 | €99,279 | +€90,182 | +991% |
| Amounts receivable within one year | 40/41 | €0 | €75,625 | +€75,625 | |
| Trade receivables | 40 | €0 | €75,625 | +€75,625 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,096 | €23,449 | +€14,353 | +158% |
| Deferred charges and accrued income | 490/1 | - | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €39,720 | €122,450 | +€82,730 | +208% |
| Equity | 10/15 | €14,575 | €85,994 | +€71,419 | +490% |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,825 | €83,244 | +€71,419 | +604% |
| Amounts payable | 17/49 | €25,145 | €36,456 | +€11,311 | +45.0% |
| Amounts payable within one year | 42/48 | €25,145 | €36,456 | +€11,311 | +45.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €896 | €3,071 | +€2,176 | +243% |
| Suppliers | 440/4 | €896 | €3,071 | +€2,176 | +243% |
| Taxes, remuneration and social security | 45 | €19,573 | €31,292 | +€11,719 | +59.9% |
| Taxes | 450/3 | €19,573 | €31,292 | +€11,719 | +59.9% |
| Other amounts payable | 47/48 | €4,677 | €2,093 | -€2,583 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,638 | €7,452 | +€814 | +12.3% |
| Other operating charges | 640/8 | €633 | €691 | +€57 | +9.0% |
| Gross operating margin | 9900 | €25,486 | €98,284 | +€72,798 | +286% |
| Operating profit (loss) | 9901 | €18,215 | €90,141 | +€71,926 | +395% |
| Financial charges | 65/66B | €70 | €408 | +€338 | +484% |
| Recurring financial charges | 65 | €70 | €408 | +€338 | +484% |
| Profit (loss) for the period before taxes | 9903 | €18,145 | €89,733 | +€71,588 | +395% |
| Income taxes | 67/77 | €3,783 | €18,314 | +€14,532 | +384% |
| Profit (loss) for the period | 9904 | €14,362 | €71,419 | +€57,056 | +397% |
| Profit (loss) for the period to be appropriated | 9905 | €14,362 | €71,419 | +€57,056 | +397% |
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 25 October 2026 via checked.be.