ULTRADIA: 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.
ULTRADIA
Largest movements
- Cash -€142,398
down €142,398 (-56.3%), from €252,824 to €110,425
mainly Trade debts (-€101,879) and Short-term financial debts (-€50,000)
- Receivables within one year +€41,605
up €41,605 (+10.4%), from €398,714 to €440,319
of which Trade receivables: +€51,599
- Tangible fixed assets -€13,400
down €13,400 (-43.4%), from €30,842 to €17,441
of which Other tangible fixed assets: -€17,422
- Stocks and contracts +€11,060
up €11,060 (+3.2%), from €341,980 to €353,040
- Trade debts -€101,879
down €101,879 (-28.8%), from €353,971 to €252,091
- Short-term financial debts -€50,000
down €50,000 (-35.7%), from €140,000 to €90,000
- Tax, wage and social debts +€34,108
up €34,108 (+26.2%), from €130,325 to €164,433
of which Taxes: +€25,006
- Profit (loss) carried forward +€18,177
up €18,177 (+5.1%), from €358,174 to €376,351
- Provisions -€11,139
no longer reported in 2025 (was €11,139)
- Gross operating margin +€83,747
up €83,747 (+14.9%), from €563,520 to €647,267
- Staff costs +€45,459
up €45,459 (+8.3%), from €548,173 to €593,633
- Write-downs +€20,077
up €20,077 (+54.1%), from -€37,129 to -€17,051
- Provisions -€11,139
new in 2025: -€11,139
- Depreciation -€6,977
down €6,977 (-41.3%), from €16,906 to €9,930
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 | €1,061,809 | €951,076 | -€110,732 | -10.4% |
| Fixed assets | 21/28 | €58,252 | €43,241 | -€15,011 | -25.8% |
| Intangible fixed assets | 21 | €1,611 | - | -€1,611 | |
| Tangible fixed assets | 22/27 | €30,842 | €17,441 | -€13,400 | -43.4% |
| Furniture and vehicles | 24 | €11,256 | €15,278 | +€4,022 | +35.7% |
| Other tangible fixed assets | 26 | €19,586 | €2,164 | -€17,422 | -89.0% |
| Financial fixed assets | 28 | €25,799 | €25,799 | = | 0.0% |
| Current assets | 29/58 | €1,003,557 | €907,836 | -€95,721 | -9.5% |
| Stocks and contracts in progress | 3 | €341,980 | €353,040 | +€11,060 | +3.2% |
| Stocks | 30/36 | €341,980 | €353,040 | +€11,060 | +3.2% |
| Amounts receivable within one year | 40/41 | €398,714 | €440,319 | +€41,605 | +10.4% |
| Trade receivables | 40 | €388,714 | €440,313 | +€51,599 | +13.3% |
| Other amounts receivable | 41 | €10,000 | €6 | -€9,994 | -99.9% |
| Cash at bank and in hand | 54/58 | €252,824 | €110,425 | -€142,398 | -56.3% |
| Deferred charges and accrued income | 490/1 | €10,039 | €4,051 | -€5,988 | -59.7% |
| Total equity and liabilities | 10/49 | €1,061,809 | €951,076 | -€110,732 | -10.4% |
| Equity | 10/15 | €426,374 | €444,551 | +€18,177 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,174 | €376,351 | +€18,177 | +5.1% |
| Provisions and deferred taxes | 16 | €11,139 | - | -€11,139 | |
| Provisions for liabilities and charges | 160/5 | €11,139 | - | -€11,139 | |
| Environmental obligations | 163 | €11,139 | - | -€11,139 | |
| Amounts payable | 17/49 | €624,296 | €506,525 | -€117,771 | -18.9% |
| Amounts payable within one year | 42/48 | €624,296 | €506,525 | -€117,771 | -18.9% |
| Financial debts | 43 | €140,000 | €90,000 | -€50,000 | -35.7% |
| Credit institutions | 430/8 | €140,000 | €90,000 | -€50,000 | -35.7% |
| Trade debts | 44 | €353,971 | €252,091 | -€101,879 | -28.8% |
| Suppliers | 440/4 | €353,971 | €252,091 | -€101,879 | -28.8% |
| Taxes, remuneration and social security | 45 | €130,325 | €164,433 | +€34,108 | +26.2% |
| Taxes | 450/3 | €60,444 | €85,451 | +€25,006 | +41.4% |
| Remuneration and social security | 454/9 | €69,881 | €78,983 | +€9,102 | +13.0% |
| Remuneration, social security and pensions | 62 | €548,173 | €593,633 | +€45,459 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,906 | €9,930 | -€6,977 | -41.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,129 | -€17,051 | +€20,077 | +54.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€11,139 | -€11,139 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | - | €18,172 | +€18,172 | |
| Gross operating margin | 9900 | €563,520 | €647,267 | +€83,747 | +14.9% |
| Operating profit (loss) | 9901 | €34,602 | €52,725 | +€18,123 | +52.4% |
| Financial income | 75/76B | €2,778 | €1,532 | -€1,246 | -44.9% |
| Recurring financial income | 75 | €2,778 | €1,532 | -€1,246 | -44.9% |
| Financial charges | 65/66B | €18,874 | €17,511 | -€1,363 | -7.2% |
| Recurring financial charges | 65 | €18,874 | €17,511 | -€1,363 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €18,506 | €36,746 | +€18,240 | +98.6% |
| Income taxes | 67/77 | €20,733 | €18,569 | -€2,165 | -10.4% |
| Profit (loss) for the period | 9904 | -€2,227 | €18,177 | +€20,404 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,227 | €18,177 | +€20,404 |
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 20 October 2026 via checked.be.