ULTIMATE SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets -€55,824
down €55,824 (-13.8%), from €405,786 to €349,962
of which Furniture and vehicles: -€36,369
- Receivables within one year -€34,863
down €34,863 (-9.0%), from €388,772 to €353,910
of which Other amounts receivable: -€73,911
- Cash +€17,206
up €17,206 (+17.0%), from €101,404 to €118,610
mainly Tax, wage and social debts (+€62,379) and Depreciation (+€57,112)
- Deferred charges and accrued income -€16,290
down €16,290 (-46.6%), from €34,994 to €18,704
- Debts after one year -€99,563
down €99,563 (-26.4%), from €377,721 to €278,159
- Tax, wage and social debts +€62,379
up €62,379 (+111.3%), from €56,043 to €118,422
of which Taxes: +€45,941
- Advances received -€27,951
down €27,951 (-100.0%), from €27,951 to €0
- Profit (loss) carried forward -€26,600
down €26,600, from €21,970 to -€4,630
- Other debts +€23,110
up €23,110 (+40.1%), from €57,593 to €80,703
- Gross operating margin -€363,496
down €363,496 (-30.9%), from €1.2m to €813,068
- Staff costs -€254,669
down €254,669 (-25.4%), from €1.0m to €748,992
- Taxes -€30,482
down €30,482 (-100.0%), from €30,482 to €0
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €930,956 | €841,186 | -€89,770 | -9.6% |
| Fixed assets | 21/28 | €405,786 | €349,962 | -€55,824 | -13.8% |
| Tangible fixed assets | 22/27 | €405,786 | €349,962 | -€55,824 | -13.8% |
| Land and buildings | 22 | €281,538 | €264,810 | -€16,728 | -5.9% |
| Plant, machinery and equipment | 23 | €24,953 | €22,225 | -€2,727 | -10.9% |
| Furniture and vehicles | 24 | €99,296 | €62,927 | -€36,369 | -36.6% |
| Current assets | 29/58 | €525,170 | €491,224 | -€33,946 | -6.5% |
| Amounts receivable within one year | 40/41 | €388,772 | €353,910 | -€34,863 | -9.0% |
| Trade receivables | 40 | €268,327 | €307,376 | +€39,049 | +14.6% |
| Other amounts receivable | 41 | €120,445 | €46,534 | -€73,911 | -61.4% |
| Cash at bank and in hand | 54/58 | €101,404 | €118,610 | +€17,206 | +17.0% |
| Deferred charges and accrued income | 490/1 | €34,994 | €18,704 | -€16,290 | -46.6% |
| Total equity and liabilities | 10/49 | €930,956 | €841,186 | -€89,770 | -9.6% |
| Equity | 10/15 | €302,430 | €275,830 | -€26,600 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,860 | €261,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,970 | -€4,630 | -€26,600 | |
| Amounts payable | 17/49 | €628,527 | €565,356 | -€63,171 | -10.1% |
| Amounts payable after more than one year | 17 | €377,721 | €278,159 | -€99,563 | -26.4% |
| Financial debts | 170/4 | €377,721 | €278,159 | -€99,563 | -26.4% |
| Amounts payable within one year | 42/48 | €250,805 | €287,197 | +€36,392 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €34,745 | €32,913 | -€1,832 | -5.3% |
| Trade debts | 44 | €74,474 | €55,159 | -€19,315 | -25.9% |
| Suppliers | 440/4 | €74,474 | €55,159 | -€19,315 | -25.9% |
| Advances received on contracts in progress | 46 | €27,951 | €0 | -€27,951 | -100.0% |
| Taxes, remuneration and social security | 45 | €56,043 | €118,422 | +€62,379 | +111.3% |
| Taxes | 450/3 | €11,380 | €57,321 | +€45,941 | +403.7% |
| Remuneration and social security | 454/9 | €44,662 | €61,101 | +€16,438 | +36.8% |
| Other amounts payable | 47/48 | €57,593 | €80,703 | +€23,110 | +40.1% |
| Non-recurring operating income | 76A | €8,219 | €0 | -€8,219 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,003,661 | €748,992 | -€254,669 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,260 | €57,112 | +€852 | +1.5% |
| Other operating charges | 640/8 | €9,162 | €6,509 | -€2,653 | -29.0% |
| Gross operating margin | 9900 | €1,176,563 | €813,068 | -€363,496 | -30.9% |
| Operating profit (loss) | 9901 | €107,481 | €455 | -€107,025 | -99.6% |
| Financial income | 75/76B | €476 | €14 | -€461 | -97.0% |
| Recurring financial income | 75 | €476 | €14 | -€461 | -97.0% |
| Financial charges | 65/66B | €7,408 | €13,020 | +€5,611 | +75.7% |
| Recurring financial charges | 65 | €7,408 | €13,020 | +€5,611 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €100,548 | -€12,550 | -€113,098 | |
| Income taxes | 67/77 | €30,482 | €0 | -€30,482 | -100.0% |
| Profit (loss) for the period | 9904 | €70,066 | -€12,550 | -€82,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,066 | -€12,550 | -€82,616 |
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 12 October 2026 via checked.be.