ULTINOVA: 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.
ULTINOVA
Largest movements
- Receivables within one year -€9,228
down €9,228 (-77.4%), from €11,925 to €2,696
of which Trade receivables: -€9,411
- Tangible fixed assets -€8,501
down €8,501 (-62.3%), from €13,637 to €5,136
- Cash +€607
up €607 (+100%), from €607 to €1,214
mainly Receivables within one year (+€9,228) and Depreciation (+€8,501)
- Advances received -€5,466
no longer reported in 2025 (was €5,466)
- Tax, wage and social debts -€5,216
down €5,216 (-40.7%), from €12,810 to €7,594
of which Remuneration and social security: -€5,641
- Profit (loss) carried forward -€2,776
down €2,776 (-12.3%), from -€22,487 to -€25,263
- Current portion of long-term debt -€2,577
no longer reported in 2025 (was €2,577)
- Trade debts -€1,032
down €1,032 (-81.9%), from €1,260 to €228
- Gross operating margin +€19,813
up €19,813, from -€12,147 to €7,666
- Financial charges -€577
down €577 (-48.9%), from €1,180 to €603
- Other operating charges -€526
down €526 (-31.9%), from €1,648 to €1,122
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 | €26,178 | €9,047 | -€17,131 | -65.4% |
| Fixed assets | 21/28 | €13,637 | €5,136 | -€8,501 | -62.3% |
| Tangible fixed assets | 22/27 | €13,637 | €5,136 | -€8,501 | -62.3% |
| Furniture and vehicles | 24 | €13,637 | €5,136 | -€8,501 | -62.3% |
| Current assets | 29/58 | €12,541 | €3,911 | -€8,630 | -68.8% |
| Amounts receivable within one year | 40/41 | €11,925 | €2,696 | -€9,228 | -77.4% |
| Trade receivables | 40 | €11,925 | €2,514 | -€9,411 | -78.9% |
| Other amounts receivable | 41 | - | €183 | +€183 | |
| Cash at bank and in hand | 54/58 | €607 | €1,214 | +€607 | +100% |
| Deferred charges and accrued income | 490/1 | €9 | - | -€9 | |
| Total equity and liabilities | 10/49 | €26,178 | €9,047 | -€17,131 | -65.4% |
| Equity | 10/15 | -€2,487 | -€5,263 | -€2,776 | -112% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,487 | -€25,263 | -€2,776 | -12.3% |
| Amounts payable | 17/49 | €28,665 | €14,309 | -€14,355 | -50.1% |
| Amounts payable within one year | 42/48 | €28,248 | €14,251 | -€13,997 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €2,577 | - | -€2,577 | |
| Trade debts | 44 | €1,260 | €228 | -€1,032 | -81.9% |
| Suppliers | 440/4 | €1,260 | €228 | -€1,032 | -81.9% |
| Advances received on contracts in progress | 46 | €5,466 | - | -€5,466 | |
| Taxes, remuneration and social security | 45 | €12,810 | €7,594 | -€5,216 | -40.7% |
| Taxes | 450/3 | €7,169 | €7,594 | +€425 | +5.9% |
| Remuneration and social security | 454/9 | €5,641 | - | -€5,641 | |
| Other amounts payable | 47/48 | €6,136 | €6,429 | +€294 | +4.8% |
| Accrued charges and deferred income | 492/3 | €416 | €59 | -€358 | -85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,501 | €8,501 | = | 0.0% |
| Other operating charges | 640/8 | €1,648 | €1,122 | -€526 | -31.9% |
| Gross operating margin | 9900 | -€12,147 | €7,666 | +€19,813 | |
| Operating profit (loss) | 9901 | -€22,296 | -€1,957 | +€20,339 | +91.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +211% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +211% |
| Financial charges | 65/66B | €1,180 | €603 | -€577 | -48.9% |
| Recurring financial charges | 65 | €1,180 | €603 | -€577 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,475 | -€2,559 | +€20,917 | +89.1% |
| Income taxes | 67/77 | €253 | €217 | -€35 | -14.0% |
| Profit (loss) for the period | 9904 | -€23,728 | -€2,776 | +€20,952 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,728 | -€2,776 | +€20,952 | +88.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.