ULTRACOM: 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.
ULTRACOM
Largest movements
- Receivables within one year +€32,998
up €32,998 (+19.7%), from €167,371 to €200,369
of which Other amounts receivable: +€23,158
- Reserves +€32,812
up €32,812 (+7.7%), from €427,503 to €460,316
- Current portion of long-term debt -€20,893
down €20,893 (-58.3%), from €35,858 to €14,965
- Tax, wage and social debts +€13,428
up €13,428 (+85.7%), from €15,665 to €29,093
of which Taxes: +€13,302
- Gross operating margin +€47,580
up €47,580 (+59.8%), from €79,551 to €127,132
- Taxes +€11,298
up €11,298 (+316.7%), from €3,567 to €14,865
- Staff costs +€5,335
up €5,335 (+8.5%), from €62,541 to €67,876
- Other operating charges +€2,701
up €2,701 (+244.9%), from €1,103 to €3,804
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.
Cash bridge derived
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 | €737,794 | €759,292 | +€21,498 | +2.9% |
| Fixed assets | 21/28 | €562,463 | €554,832 | -€7,632 | -1.4% |
| Tangible fixed assets | 22/27 | €208,632 | €202,832 | -€5,800 | -2.8% |
| Land and buildings | 22 | €208,132 | €202,832 | -€5,300 | -2.5% |
| Furniture and vehicles | 24 | €500 | €0 | -€500 | -100.0% |
| Financial fixed assets | 28 | €353,832 | €352,000 | -€1,832 | -0.5% |
| Current assets | 29/58 | €175,331 | €204,461 | +€29,130 | +16.6% |
| Amounts receivable within one year | 40/41 | €167,371 | €200,369 | +€32,998 | +19.7% |
| Trade receivables | 40 | €6,595 | €16,434 | +€9,840 | +149.2% |
| Other amounts receivable | 41 | €160,777 | €183,935 | +€23,158 | +14.4% |
| Cash at bank and in hand | 54/58 | €7,479 | €3,522 | -€3,958 | -52.9% |
| Deferred charges and accrued income | 490/1 | €480 | €570 | +€90 | +18.7% |
| Total equity and liabilities | 10/49 | €737,794 | €759,292 | +€21,498 | +2.9% |
| Equity | 10/15 | €571,727 | €604,539 | +€32,812 | +5.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €94,224 | €94,224 | = | 0.0% |
| Reserves | 13 | €427,503 | €460,316 | +€32,812 | +7.7% |
| Distributable reserves | 133 | €427,503 | €460,316 | +€32,812 | +7.7% |
| Amounts payable | 17/49 | €166,067 | €154,753 | -€11,314 | -6.8% |
| Amounts payable after more than one year | 17 | €105,330 | €104,885 | -€445 | -0.4% |
| Financial debts | 170/4 | €95,330 | €80,365 | -€14,965 | -15.7% |
| Other amounts payable | 178/9 | €10,000 | €24,520 | +€14,520 | +145.2% |
| Amounts payable within one year | 42/48 | €60,737 | €49,868 | -€10,869 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €35,858 | €14,965 | -€20,893 | -58.3% |
| Financial debts | 43 | - | €1,146 | +€1,146 | |
| Credit institutions | 430/8 | - | €1,146 | +€1,146 | |
| Trade debts | 44 | €9,213 | €4,408 | -€4,805 | -52.2% |
| Suppliers | 440/4 | €9,213 | €4,408 | -€4,805 | -52.2% |
| Taxes, remuneration and social security | 45 | €15,665 | €29,093 | +€13,428 | +85.7% |
| Taxes | 450/3 | €5,944 | €19,246 | +€13,302 | +223.8% |
| Remuneration and social security | 454/9 | €9,721 | €9,847 | +€126 | +1.3% |
| Other amounts payable | 47/48 | - | €256 | +€256 | |
| Remuneration, social security and pensions | 62 | €62,541 | €67,876 | +€5,335 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,800 | €5,800 | = | 0.0% |
| Other operating charges | 640/8 | €1,103 | €3,804 | +€2,701 | +244.9% |
| Gross operating margin | 9900 | €79,551 | €127,132 | +€47,580 | +59.8% |
| Operating profit (loss) | 9901 | €10,108 | €49,652 | +€39,544 | +391.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €835 | €1,975 | +€1,141 | +136.6% |
| Recurring financial charges | 65 | €835 | €1,975 | +€1,141 | +136.6% |
| Profit (loss) for the period before taxes | 9903 | €9,273 | €47,677 | +€38,404 | +414.1% |
| Income taxes | 67/77 | €3,567 | €14,865 | +€11,298 | +316.7% |
| Profit (loss) for the period | 9904 | €5,706 | €32,812 | +€27,106 | +475.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,706 | €32,812 | +€27,106 | +475.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.