ULTIMO TRADE: 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.
ULTIMO TRADE
Largest movements
- Cash +€45,439
up €45,439 (+4,993%), from €910 to €46,349
mainly Net result for the year (+€37,305) and Tax, wage and social debts (+€5,421)
- Receivables within one year -€2,713
down €2,713 (-2.2%), from €125,491 to €122,778
- Profit (loss) carried forward +€37,305
up €37,305 (+35.4%), from €105,305 to €142,610
- Tax, wage and social debts +€5,421
up €5,421 (+722%), from €751 to €6,172
- Turnover +€41,768
up €41,768 (+292%), from €14,319 to €56,087
- Gross operating margin +€41,395
up €41,395 (+1,047%), from €3,954 to €45,349
- Financial income -€10,217
down €10,217 (-98.4%), from €10,386 to €169
of which Financial income: -€10,217
- Financial charges +€2,805
up €2,805 (+506%), from €554 to €3,359
of which Financial charges: +€2,214
- Taxes +€1,045
up €1,045 (+31.9%), from €3,281 to €4,326
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 | €126,516 | €169,242 | +€42,726 | +33.8% |
| Current assets | 29/58 | €126,516 | €169,242 | +€42,726 | +33.8% |
| Amounts receivable after more than one year | 29 | €115 | €115 | = | 0.0% |
| Other amounts receivable | 291 | €115 | €115 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €125,491 | €122,778 | -€2,713 | -2.2% |
| Other amounts receivable | 41 | €125,491 | €122,778 | -€2,713 | -2.2% |
| Cash at bank and in hand | 54/58 | €910 | €46,349 | +€45,439 | +4,993% |
| Total equity and liabilities | 10/49 | €126,516 | €169,242 | +€42,726 | +33.8% |
| Equity | 10/15 | €125,765 | €163,070 | +€37,305 | +29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,305 | €142,610 | +€37,305 | +35.4% |
| Amounts payable | 17/49 | €751 | €6,172 | +€5,421 | +722% |
| Amounts payable within one year | 42/48 | €751 | €6,172 | +€5,421 | +722% |
| Taxes, remuneration and social security | 45 | €751 | €6,172 | +€5,421 | +722% |
| Taxes | 450/3 | €751 | €6,172 | +€5,421 | +722% |
| Turnover | 70 | €14,319 | €56,087 | +€41,768 | +292% |
| Other operating charges | 640/8 | - | €528 | +€528 | |
| Non-recurring operating charges | 66A | €899 | - | -€899 | |
| Gross operating margin | 9900 | €3,954 | €45,349 | +€41,395 | +1,047% |
| Operating profit (loss) | 9901 | €3,055 | €44,821 | +€41,766 | +1,367% |
| Financial income | 75/76B | €10,386 | €169 | -€10,217 | -98.4% |
| Recurring financial income | 75 | €10,386 | €169 | -€10,217 | -98.4% |
| Non-recurring financial income | 76B | - | €169 | +€169 | |
| Financial charges | 65/66B | €554 | €3,359 | +€2,805 | +506% |
| Recurring financial charges | 65 | €554 | €2,768 | +€2,214 | +400% |
| Non-recurring financial charges | 66B | €554 | €591 | +€37 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €12,887 | €41,631 | +€28,744 | +223% |
| Income taxes | 67/77 | €3,281 | €4,326 | +€1,045 | +31.9% |
| Profit (loss) for the period | 9904 | €9,606 | €37,305 | +€27,699 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €9,606 | €37,305 | +€27,699 | +288% |
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 17 October 2026 via checked.be.