ULTIMMO: 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.
ULTIMMO
Largest movements
- Cash -€10,154
down €10,154 (-99.5%), from €10,201 to €48
mainly Net result for the year (-€17,063) and Tax, wage and social debts (-€6,000)
- Deferred charges and accrued income -€8,882
down €8,882 (-95.7%), from €9,282 to €400
- Profit (loss) carried forward -€17,063
down €17,063 (-7.3%), from -€233,160 to -€250,223
- Tax, wage and social debts -€6,000
down €6,000 (-33.3%), from €18,000 to €12,000
- Trade debts +€4,964
up €4,964 (+95.6%), from €5,193 to €10,157
- Gross operating margin -€20,292
down €20,292, from €9,554 to -€10,739
- Other operating charges +€1,504
up €1,504 (+34.5%), from €4,363 to €5,867
- Financial charges -€1,005
down €1,005 (-83.5%), from €1,204 to €199
- Depreciation -€635
down €635 (-71.0%), from €894 to €259
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,320 | €95,935 | -€18,384 | -16.1% |
| Fixed assets | 21/28 | €94,836 | €95,487 | +€651 | +0.7% |
| Tangible fixed assets | 22/27 | €94,536 | €95,187 | +€651 | +0.7% |
| Land and buildings | 22 | €92,960 | €92,960 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,576 | €1,401 | -€175 | -11.1% |
| Furniture and vehicles | 24 | - | €826 | +€826 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €19,484 | €448 | -€19,036 | -97.7% |
| Cash at bank and in hand | 54/58 | €10,201 | €48 | -€10,154 | -99.5% |
| Deferred charges and accrued income | 490/1 | €9,282 | €400 | -€8,882 | -95.7% |
| Total equity and liabilities | 10/49 | €114,320 | €95,935 | -€18,384 | -16.1% |
| Equity | 10/15 | €87,372 | €70,309 | -€17,063 | -19.5% |
| Contributions | 10/11 | €298,000 | €298,000 | = | 0.0% |
| Capital | 10 | €298,000 | €298,000 | = | 0.0% |
| Issued capital | 100 | €298,000 | €298,000 | = | 0.0% |
| Reserves | 13 | €22,532 | €22,532 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,351 | €21,351 | = | 0.0% |
| Legal reserve | 130 | €21,351 | €21,351 | = | 0.0% |
| Distributable reserves | 133 | €1,181 | €1,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,160 | -€250,223 | -€17,063 | -7.3% |
| Amounts payable | 17/49 | €26,948 | €25,627 | -€1,321 | -4.9% |
| Amounts payable within one year | 42/48 | €26,948 | €25,627 | -€1,321 | -4.9% |
| Trade debts | 44 | €5,193 | €10,157 | +€4,964 | +95.6% |
| Suppliers | 440/4 | €5,193 | €10,157 | +€4,964 | +95.6% |
| Taxes, remuneration and social security | 45 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Taxes | 450/3 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Other amounts payable | 47/48 | €3,755 | €3,470 | -€285 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €259 | -€635 | -71.0% |
| Other operating charges | 640/8 | €4,363 | €5,867 | +€1,504 | +34.5% |
| Gross operating margin | 9900 | €9,554 | -€10,739 | -€20,292 | |
| Operating profit (loss) | 9901 | €4,297 | -€16,864 | -€21,161 | |
| Financial charges | 65/66B | €1,204 | €199 | -€1,005 | -83.5% |
| Recurring financial charges | 65 | €1,204 | €199 | -€1,005 | -83.5% |
| Profit (loss) for the period before taxes | 9903 | €3,093 | -€17,063 | -€20,156 | |
| Profit (loss) for the period | 9904 | €3,093 | -€17,063 | -€20,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,093 | -€17,063 | -€20,156 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.