Ultimate Resource: 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 Resource
Largest movements
- Cash -€57,597
down €57,597 (-97.2%), from €59,237 to €1,640
mainly Other debts (-€110,735) and Current investments (-€23,000)
- Current investments +€23,000
up €23,000 (+17.0%), from €135,000 to €158,000
- Receivables within one year -€12,047
down €12,047 (-40.6%), from €29,643 to €17,596
of which Trade receivables: -€12,236
- Tangible fixed assets -€10,807
down €10,807 (-29.6%), from €36,541 to €25,734
- Other debts -€110,735
down €110,735 (-71.0%), from €156,035 to €45,299
- Reserves +€73,615
up €73,615 (+99.2%), from €74,235 to €147,850
- Tax, wage and social debts -€18,454
down €18,454 (-74.5%), from €24,754 to €6,300
- Gross operating margin +€8,046
up €8,046 (+7.4%), from €109,247 to €117,293
- Taxes +€7,210
up €7,210 (+37.8%), from €19,054 to €26,264
- Depreciation +€1,563
up €1,563 (+11.1%), from €14,132 to €15,695
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 | €261,674 | €204,303 | -€57,372 | -21.9% |
| Fixed assets | 21/28 | €36,541 | €25,734 | -€10,807 | -29.6% |
| Tangible fixed assets | 22/27 | €36,541 | €25,734 | -€10,807 | -29.6% |
| Furniture and vehicles | 24 | €36,541 | €25,734 | -€10,807 | -29.6% |
| Current assets | 29/58 | €225,133 | €178,569 | -€46,565 | -20.7% |
| Amounts receivable within one year | 40/41 | €29,643 | €17,596 | -€12,047 | -40.6% |
| Trade receivables | 40 | €23,504 | €11,268 | -€12,236 | -52.1% |
| Other amounts receivable | 41 | €6,139 | €6,328 | +€189 | +3.1% |
| Current investments | 50/53 | €135,000 | €158,000 | +€23,000 | +17.0% |
| Cash at bank and in hand | 54/58 | €59,237 | €1,640 | -€57,597 | -97.2% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,333 | +€79 | +6.3% |
| Total equity and liabilities | 10/49 | €261,674 | €204,303 | -€57,372 | -21.9% |
| Equity | 10/15 | €76,235 | €149,890 | +€73,654 | +96.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €74,235 | €147,850 | +€73,615 | +99.2% |
| Distributable reserves | 133 | €74,235 | €147,850 | +€73,615 | +99.2% |
| Profit (loss) carried forward | 14 | €0 | €40 | +€40 | |
| Amounts payable | 17/49 | €185,439 | €54,413 | -€131,026 | -70.7% |
| Amounts payable within one year | 42/48 | €185,439 | €54,413 | -€131,026 | -70.7% |
| Trade debts | 44 | €4,650 | €2,813 | -€1,837 | -39.5% |
| Suppliers | 440/4 | €4,650 | €2,813 | -€1,837 | -39.5% |
| Taxes, remuneration and social security | 45 | €24,754 | €6,300 | -€18,454 | -74.5% |
| Taxes | 450/3 | €24,754 | €6,300 | -€18,454 | -74.5% |
| Other amounts payable | 47/48 | €156,035 | €45,299 | -€110,735 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,132 | €15,695 | +€1,563 | +11.1% |
| Other operating charges | 640/8 | €708 | €586 | -€122 | -17.2% |
| Gross operating margin | 9900 | €109,247 | €117,293 | +€8,046 | +7.4% |
| Operating profit (loss) | 9901 | €94,407 | €101,012 | +€6,605 | +7.0% |
| Financial income | 75/76B | €138 | €245 | +€108 | +78.4% |
| Recurring financial income | 75 | €138 | €245 | +€108 | +78.4% |
| Financial charges | 65/66B | €1,469 | €1,339 | -€130 | -8.8% |
| Recurring financial charges | 65 | €1,469 | €1,339 | -€130 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €93,075 | €99,918 | +€6,843 | +7.4% |
| Income taxes | 67/77 | €19,054 | €26,264 | +€7,210 | +37.8% |
| Profit (loss) for the period | 9904 | €74,021 | €73,654 | -€367 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,021 | €73,654 | -€367 | -0.5% |
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 2 October 2026 via checked.be.