ULTRA ESTATE: 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.
ULTRA ESTATE
Largest movements
- Tangible fixed assets -€61,250
down €61,250 (-3.2%), from €1.9m to €1.8m
- Debts after one year -€137,984
down €137,984 (-7.0%), from €2.0m to €1.8m
- Profit (loss) carried forward +€84,809
up €84,809 (+39.5%), from -€214,911 to -€130,102
- Other operating charges -€147,934
down €147,934 (-95.9%), from €154,289 to €6,355
- Gross operating margin +€93,875
up €93,875 (+78.9%), from €119,030 to €212,905
- Depreciation -€66,193
down €66,193 (-51.9%), from €127,443 to €61,250
- Financial charges +€8,282
up €8,282 (+15.9%), from €52,208 to €60,491
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 | €1,920,972 | €1,883,586 | -€37,387 | -1.9% |
| Fixed assets | 21/28 | €1,904,041 | €1,842,791 | -€61,250 | -3.2% |
| Tangible fixed assets | 22/27 | €1,904,041 | €1,842,791 | -€61,250 | -3.2% |
| Land and buildings | 22 | €1,904,041 | €1,842,791 | -€61,250 | -3.2% |
| Current assets | 29/58 | €16,931 | €40,794 | +€23,863 | +141% |
| Amounts receivable within one year | 40/41 | €13,004 | €31,037 | +€18,032 | +139% |
| Trade receivables | 40 | - | €31,037 | +€31,037 | |
| Other amounts receivable | 41 | €13,004 | - | -€13,004 | |
| Cash at bank and in hand | 54/58 | €3,927 | €9,758 | +€5,831 | +148% |
| Total equity and liabilities | 10/49 | €1,920,972 | €1,883,586 | -€37,387 | -1.9% |
| Equity | 10/15 | -€131,669 | -€46,860 | +€84,809 | +64.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €78,242 | €78,242 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,911 | -€130,102 | +€84,809 | +39.5% |
| Amounts payable | 17/49 | €2,052,641 | €1,930,445 | -€122,195 | -6.0% |
| Amounts payable after more than one year | 17 | €1,958,715 | €1,820,731 | -€137,984 | -7.0% |
| Financial debts | 170/4 | €1,958,715 | €1,820,731 | -€137,984 | -7.0% |
| Amounts payable within one year | 42/48 | €93,838 | €109,624 | +€15,787 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €93,538 | €96,984 | +€3,446 | +3.7% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €300 | €12,241 | +€11,941 | +3,980% |
| Taxes | 450/3 | €300 | €12,241 | +€11,941 | +3,980% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,443 | €61,250 | -€66,193 | -51.9% |
| Other operating charges | 640/8 | €154,289 | €6,355 | -€147,934 | -95.9% |
| Gross operating margin | 9900 | €119,030 | €212,905 | +€93,875 | +78.9% |
| Operating profit (loss) | 9901 | -€162,702 | €145,300 | +€308,002 | |
| Financial charges | 65/66B | €52,208 | €60,491 | +€8,282 | +15.9% |
| Recurring financial charges | 65 | €52,208 | €60,491 | +€8,282 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€214,911 | €84,809 | +€299,719 | |
| Profit (loss) for the period | 9904 | -€214,911 | €84,809 | +€299,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€214,911 | €84,809 | +€299,719 |
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 24 October 2026 via checked.be.