Ultrafrais: 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.
Ultrafrais
Largest movements
- Receivables within one year +€729,311
up €729,311 (+418%), from €174,311 to €903,621
of which Trade receivables: +€683,411
- Cash -€346,050
down €346,050 (-33.1%), from €1.0m to €700,439
mainly Receivables within one year (-€729,311) and Debts after one year (-€200,281)
- Tangible fixed assets -€197,825
down €197,825 (-35.1%), from €562,925 to €365,100
of which Furniture and vehicles: -€177,070
- Stocks and contracts +€31,037
up €31,037 (+6.0%), from €518,604 to €549,641
- Financial fixed assets +€30,554
up €30,554 (+271%), from €11,288 to €41,841
- Reserves +€810,641
up €810,641 (+13,075%), from €6,200 to €816,841
of which Distributable reserves: +€810,641
- Profit (loss) carried forward -€637,473
down €637,473 (-100%), from €637,473 to €0
- Trade debts +€228,366
up €228,366 (+21.0%), from €1.1m to €1.3m
- Debts after one year -€200,281
down €200,281 (-96.4%), from €207,721 to €7,440
of which Financial debts: -€204,081
- Tax, wage and social debts +€45,057
up €45,057 (+39.7%), from €113,366 to €158,424
of which Taxes: +€54,035
- Gross operating margin +€364,815
up €364,815 (+42.6%), from €856,399 to €1.2m
- Financial charges +€96,873
up €96,873 (+532%), from €18,197 to €115,070
of which Non-recurring financial charges: +€49,688
- Taxes +€40,313
up €40,313 (+2,755%), from €1,463 to €41,776
- Staff costs -€36,196
down €36,196 (-5.2%), from €695,837 to €659,641
- Depreciation -€21,815
down €21,815 (-10.7%), from €203,327 to €181,512
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,340,046 | €2,567,252 | +€227,205 | +9.7% |
| Fixed assets | 21/28 | €574,213 | €406,942 | -€167,271 | -29.1% |
| Tangible fixed assets | 22/27 | €562,925 | €365,100 | -€197,825 | -35.1% |
| Plant, machinery and equipment | 23 | €151,248 | €132,466 | -€18,782 | -12.4% |
| Furniture and vehicles | 24 | €227,020 | €49,950 | -€177,070 | -78.0% |
| Other tangible fixed assets | 26 | €184,658 | €182,684 | -€1,973 | -1.1% |
| Financial fixed assets | 28 | €11,288 | €41,841 | +€30,554 | +271% |
| Current assets | 29/58 | €1,765,833 | €2,160,310 | +€394,477 | +22.3% |
| Stocks and contracts in progress | 3 | €518,604 | €549,641 | +€31,037 | +6.0% |
| Stocks | 30/36 | €518,604 | €549,641 | +€31,037 | +6.0% |
| Amounts receivable within one year | 40/41 | €174,311 | €903,621 | +€729,311 | +418% |
| Trade receivables | 40 | €79,522 | €762,933 | +€683,411 | +859% |
| Other amounts receivable | 41 | €94,789 | €140,689 | +€45,900 | +48.4% |
| Cash at bank and in hand | 54/58 | €1,046,489 | €700,439 | -€346,050 | -33.1% |
| Deferred charges and accrued income | 490/1 | €26,430 | €6,609 | -€19,821 | -75.0% |
| Total equity and liabilities | 10/49 | €2,340,046 | €2,567,252 | +€227,205 | +9.7% |
| Equity | 10/15 | €705,673 | €878,841 | +€173,168 | +24.5% |
| 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 | €816,841 | +€810,641 | +13,075% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €810,641 | +€810,641 | |
| Profit (loss) carried forward | 14 | €637,473 | €0 | -€637,473 | -100% |
| Amounts payable | 17/49 | €1,634,374 | €1,688,411 | +€54,037 | +3.3% |
| Amounts payable after more than one year | 17 | €207,721 | €7,440 | -€200,281 | -96.4% |
| Financial debts | 170/4 | €207,721 | €3,640 | -€204,081 | -98.2% |
| Other amounts payable | 178/9 | - | €3,800 | +€3,800 | |
| Amounts payable within one year | 42/48 | €1,426,653 | €1,676,186 | +€249,533 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €227,971 | €204,081 | -€23,890 | -10.5% |
| Trade debts | 44 | €1,085,315 | €1,313,681 | +€228,366 | +21.0% |
| Suppliers | 440/4 | €1,085,315 | €1,313,681 | +€228,366 | +21.0% |
| Taxes, remuneration and social security | 45 | €113,366 | €158,424 | +€45,057 | +39.7% |
| Taxes | 450/3 | €24,632 | €78,667 | +€54,035 | +219% |
| Remuneration and social security | 454/9 | €88,735 | €79,757 | -€8,978 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €4,785 | +€4,785 | |
| Non-recurring operating income | 76A | - | €11,386 | +€11,386 | |
| Remuneration, social security and pensions | 62 | €695,837 | €659,641 | -€36,196 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,327 | €181,512 | -€21,815 | -10.7% |
| Other operating charges | 640/8 | €11,613 | €23,204 | +€11,591 | +99.8% |
| Non-recurring operating charges | 66A | - | €29,856 | +€29,856 | |
| Gross operating margin | 9900 | €856,399 | €1,221,213 | +€364,815 | +42.6% |
| Operating profit (loss) | 9901 | -€54,378 | €327,000 | +€381,378 | |
| Financial income | 75/76B | €686 | €3,015 | +€2,329 | +340% |
| Recurring financial income | 75 | €686 | €3,015 | +€2,329 | +340% |
| Financial charges | 65/66B | €18,197 | €115,070 | +€96,873 | +532% |
| Recurring financial charges | 65 | €18,197 | €65,382 | +€47,185 | +259% |
| Non-recurring financial charges | 66B | - | €49,688 | +€49,688 | |
| Profit (loss) for the period before taxes | 9903 | -€71,890 | €214,944 | +€286,834 | |
| Income taxes | 67/77 | €1,463 | €41,776 | +€40,313 | +2,755% |
| Profit (loss) for the period | 9904 | -€73,353 | €173,168 | +€246,521 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,353 | €173,168 | +€246,521 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.