ULTRA NET: 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 NET
Largest movements
- Cash +€10,000
up €10,000 (+296%), from €3,382 to €13,382
mainly Net result for the year (+€13,203) and Depreciation (+€960)
- Tangible fixed assets -€960
no longer reported in 2025 (was €960)
- Receivables within one year -€837
down €837 (-1.2%), from €68,601 to €67,764
- Profit (loss) carried forward +€13,203
up €13,203 (+25.6%), from €51,493 to €64,696
- Trade debts -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Gross operating margin +€6,864
up €6,864 (+153%), from €4,476 to €11,340
- Other operating charges +€399
new in 2025: €399
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 | €72,943 | €81,146 | +€8,203 | +11.2% |
| Fixed assets | 21/28 | €960 | - | -€960 | |
| Tangible fixed assets | 22/27 | €960 | - | -€960 | |
| Plant, machinery and equipment | 23 | €960 | - | -€960 | |
| Current assets | 29/58 | €71,983 | €81,146 | +€9,163 | +12.7% |
| Amounts receivable within one year | 40/41 | €68,601 | €67,764 | -€837 | -1.2% |
| Other amounts receivable | 41 | €68,601 | €67,764 | -€837 | -1.2% |
| Cash at bank and in hand | 54/58 | €3,382 | €13,382 | +€10,000 | +296% |
| Total equity and liabilities | 10/49 | €72,943 | €81,146 | +€8,203 | +11.2% |
| Equity | 10/15 | €53,443 | €66,646 | +€13,203 | +24.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,493 | €64,696 | +€13,203 | +25.6% |
| Provisions and deferred taxes | 16 | €9,500 | €9,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,500 | €9,500 | = | 0.0% |
| Environmental obligations | 163 | €9,500 | €9,500 | = | 0.0% |
| Amounts payable | 17/49 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Amounts payable within one year | 42/48 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Trade debts | 44 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Suppliers | 440/4 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €960 | €960 | = | 0.0% |
| Other operating charges | 640/8 | - | €399 | +€399 | |
| Gross operating margin | 9900 | €4,476 | €11,340 | +€6,864 | +153% |
| Operating profit (loss) | 9901 | €3,516 | €9,981 | +€6,464 | +184% |
| Financial income | 75/76B | €3,229 | €3,222 | -€7 | -0.2% |
| Recurring financial income | 75 | €3,229 | €3,222 | -€7 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €6,745 | €13,203 | +€6,458 | +95.7% |
| Profit (loss) for the period | 9904 | €6,745 | €13,203 | +€6,458 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,745 | €13,203 | +€6,458 | +95.7% |
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 15 October 2026 via checked.be.