ULTIME GATE: 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.
ULTIME GATE
Largest movements
- Receivables within one year +€91,851
up €91,851 (+409.7%), from €22,419 to €114,270
of which Other amounts receivable: +€69,062
- Tangible fixed assets -€45,760
down €45,760 (-20.4%), from €223,866 to €178,106
of which Land and buildings: -€26,664
- Cash -€41,960
down €41,960 (-93.0%), from €45,129 to €3,169
mainly Receivables within one year (-€91,851) and Debts after one year (-€33,221)
- Profit (loss) carried forward +€47,181
up €47,181 (+56.7%), from €83,247 to €130,428
- Debts after one year -€33,221
down €33,221 (-17.1%), from €193,753 to €160,533
- Trade debts +€20,722
up €20,722 (+15.0%), from €138,208 to €158,930
- Current portion of long-term debt -€18,886
down €18,886 (-29.0%), from €65,066 to €46,180
- Tax, wage and social debts -€11,833
down €11,833 (-44.3%), from €26,692 to €14,859
of which Remuneration and social security: -€6,810
- Purchases and services +€636,513
new in 2025: €636,513
- Gross operating margin -€61,765
down €61,765 (-31.8%), from €194,225 to €132,460
- Staff costs -€26,617
down €26,617 (-50.5%), from €52,681 to €26,063
- Financial charges -€20,947
down €20,947 (-69.4%), from €30,198 to €9,251
- Taxes -€12,285
no longer reported in 2025 (was €12,285)
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 | €536,820 | €540,783 | +€3,963 | +0.7% |
| Fixed assets | 21/28 | €223,866 | €178,106 | -€45,760 | -20.4% |
| Tangible fixed assets | 22/27 | €223,866 | €178,106 | -€45,760 | -20.4% |
| Land and buildings | 22 | €165,579 | €138,915 | -€26,664 | -16.1% |
| Furniture and vehicles | 24 | €1,584 | €455 | -€1,130 | -71.3% |
| Leasing and similar rights | 25 | €56,703 | €38,737 | -€17,966 | -31.7% |
| Current assets | 29/58 | €312,954 | €362,677 | +€49,723 | +15.9% |
| Amounts receivable after more than one year | 29 | €215,000 | €215,000 | = | 0.0% |
| Other amounts receivable | 291 | €215,000 | €215,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €30,406 | €30,238 | -€168 | -0.6% |
| Stocks | 30/36 | €30,406 | €30,238 | -€168 | -0.6% |
| Amounts receivable within one year | 40/41 | €22,419 | €114,270 | +€91,851 | +409.7% |
| Trade receivables | 40 | €1,092 | €23,881 | +€22,789 | +2086.9% |
| Other amounts receivable | 41 | €21,327 | €90,389 | +€69,062 | +323.8% |
| Cash at bank and in hand | 54/58 | €45,129 | €3,169 | -€41,960 | -93.0% |
| Total equity and liabilities | 10/49 | €536,820 | €540,783 | +€3,963 | +0.7% |
| Equity | 10/15 | €110,095 | €157,276 | +€47,181 | +42.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €7,848 | €7,848 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,948 | €5,948 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,247 | €130,428 | +€47,181 | +56.7% |
| Amounts payable | 17/49 | €426,725 | €383,507 | -€43,218 | -10.1% |
| Amounts payable after more than one year | 17 | €193,753 | €160,533 | -€33,221 | -17.1% |
| Financial debts | 170/4 | €193,753 | €160,533 | -€33,221 | -17.1% |
| Amounts payable within one year | 42/48 | €232,972 | €222,974 | -€9,998 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €65,066 | €46,180 | -€18,886 | -29.0% |
| Financial debts | 43 | €3,005 | €3,005 | = | 0.0% |
| Credit institutions | 430/8 | €3,005 | €3,005 | = | 0.0% |
| Trade debts | 44 | €138,208 | €158,930 | +€20,722 | +15.0% |
| Suppliers | 440/4 | €138,208 | €158,930 | +€20,722 | +15.0% |
| Taxes, remuneration and social security | 45 | €26,692 | €14,859 | -€11,833 | -44.3% |
| Taxes | 450/3 | €14,436 | €9,413 | -€5,023 | -34.8% |
| Remuneration and social security | 454/9 | €12,256 | €5,446 | -€6,810 | -55.6% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €636,513 | +€636,513 | |
| Remuneration, social security and pensions | 62 | €52,681 | €26,063 | -€26,617 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,214 | €45,760 | -€454 | -1.0% |
| Other operating charges | 640/8 | €5,993 | €4,205 | -€1,788 | -29.8% |
| Gross operating margin | 9900 | €194,225 | €132,460 | -€61,765 | -31.8% |
| Operating profit (loss) | 9901 | €89,338 | €56,432 | -€32,906 | -36.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €30,198 | €9,251 | -€20,947 | -69.4% |
| Recurring financial charges | 65 | €30,198 | €9,251 | -€20,947 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €59,141 | €47,181 | -€11,959 | -20.2% |
| Income taxes | 67/77 | €12,285 | - | -€12,285 | |
| Profit (loss) for the period | 9904 | €46,856 | €47,181 | +€326 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,856 | €47,181 | +€326 | +0.7% |
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 8 October 2026 via checked.be.