ULTRACLIK: 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.
ULTRACLIK
Largest movements
- Receivables within one year +€138,092
up €138,092 (+214%), from €64,444 to €202,535
of which Other amounts receivable: +€145,183
- Cash -€110,536
down €110,536 (-44.2%), from €249,859 to €139,324
mainly Receivables within one year (-€138,092) and Investment in fixed assets (net) (-€12,193)
- Tangible fixed assets -€25,333
down €25,333 (-39.9%), from €63,443 to €38,110
of which Leasing and similar rights: -€29,898
- Tax, wage and social debts +€12,863
up €12,863 (+107%), from €12,002 to €24,865
- Current portion of long-term debt -€8,553
no longer reported in 2025 (was €8,553)
- Gross operating margin -€60,929
down €60,929 (-58.2%), from €104,704 to €43,775
- Taxes -€16,348
down €16,348 (-97.8%), from €16,709 to €362
- Staff costs -€4,391
no longer reported in 2025 (was €4,391)
- Financial charges +€3,816
up €3,816 (+168%), from €2,273 to €6,089
- Depreciation -€2,710
down €2,710 (-6.7%), from €40,236 to €37,526
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 | €380,332 | €382,574 | +€2,242 | +0.6% |
| Fixed assets | 21/28 | €63,443 | €38,110 | -€25,333 | -39.9% |
| Tangible fixed assets | 22/27 | €63,443 | €38,110 | -€25,333 | -39.9% |
| Plant, machinery and equipment | 23 | €8,552 | €3,251 | -€5,301 | -62.0% |
| Furniture and vehicles | 24 | €1,483 | €712 | -€771 | -52.0% |
| Leasing and similar rights | 25 | €40,944 | €11,046 | -€29,898 | -73.0% |
| Other tangible fixed assets | 26 | €12,464 | €23,100 | +€10,636 | +85.3% |
| Current assets | 29/58 | €316,890 | €344,465 | +€27,575 | +8.7% |
| Amounts receivable within one year | 40/41 | €64,444 | €202,535 | +€138,092 | +214% |
| Trade receivables | 40 | €64,444 | €57,353 | -€7,091 | -11.0% |
| Other amounts receivable | 41 | - | €145,183 | +€145,183 | |
| Cash at bank and in hand | 54/58 | €249,859 | €139,324 | -€110,536 | -44.2% |
| Deferred charges and accrued income | 490/1 | €2,586 | €2,606 | +€19 | +0.7% |
| Total equity and liabilities | 10/49 | €380,332 | €382,574 | +€2,242 | +0.6% |
| Equity | 10/15 | €348,472 | €346,929 | -€1,543 | -0.4% |
| Contributions | 10/11 | €71,250 | €71,250 | = | 0.0% |
| Reserves | 13 | €153,591 | €153,591 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,125 | €7,125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,125 | €7,125 | = | 0.0% |
| Distributable reserves | 133 | €146,466 | €146,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,343 | €120,563 | -€780 | -0.6% |
| Investment grants | 15 | €2,288 | €1,526 | -€763 | -33.3% |
| Amounts payable | 17/49 | €31,860 | €35,645 | +€3,785 | +11.9% |
| Amounts payable within one year | 42/48 | €31,860 | €35,645 | +€3,785 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €8,553 | - | -€8,553 | |
| Financial debts | 43 | €526 | €153 | -€373 | -70.9% |
| Credit institutions | 430/8 | €526 | €153 | -€373 | -70.9% |
| Trade debts | 44 | €394 | - | -€394 | |
| Suppliers | 440/4 | €394 | - | -€394 | |
| Taxes, remuneration and social security | 45 | €12,002 | €24,865 | +€12,863 | +107% |
| Taxes | 450/3 | €12,002 | €24,865 | +€12,863 | +107% |
| Other amounts payable | 47/48 | €10,386 | €10,627 | +€241 | +2.3% |
| Remuneration, social security and pensions | 62 | €4,391 | - | -€4,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,236 | €37,526 | -€2,710 | -6.7% |
| Other operating charges | 640/8 | €955 | €1,327 | +€372 | +39.0% |
| Non-recurring operating charges | 66A | - | €760 | +€760 | |
| Gross operating margin | 9900 | €104,704 | €43,775 | -€60,929 | -58.2% |
| Operating profit (loss) | 9901 | €59,122 | €4,162 | -€54,960 | -93.0% |
| Financial income | 75/76B | €2,260 | €1,508 | -€752 | -33.3% |
| Recurring financial income | 75 | €2,260 | €1,508 | -€752 | -33.3% |
| Financial charges | 65/66B | €2,273 | €6,089 | +€3,816 | +168% |
| Recurring financial charges | 65 | €2,273 | €6,089 | +€3,816 | +168% |
| Profit (loss) for the period before taxes | 9903 | €59,109 | -€419 | -€59,528 | |
| Income taxes | 67/77 | €16,709 | €362 | -€16,348 | -97.8% |
| Profit (loss) for the period | 9904 | €42,400 | -€780 | -€43,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,400 | -€780 | -€43,180 |
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 26 October 2026 via checked.be.