ULTRAGADGETS: what changed
Two fiscal 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.
ULTRAGADGETS
Largest movements
- Receivables after one year +€25,890
up €25,890 (+43.1%), from €60,129 to €86,019
- Cash +€14,236
up €14,236 (+438.4%), from €3,247 to €17,483
mainly Debts after one year (+€23,390) and Receivables within one year (+€4,453)
- Receivables within one year -€4,453
down €4,453 (-43.6%), from €10,220 to €5,767
of which Other amounts receivable: -€4,090
- Tangible fixed assets -€4,133
down €4,133 (-56.0%), from €7,385 to €3,252
of which Leasing and similar rights: -€3,228
- Debts after one year +€23,390
up €23,390 (+1452.5%), from €1,610 to €25,000
- Other debts +€4,418
new in 2022: €4,418
- Staff costs -€11,108
down €11,108 (-61.8%), from €17,961 to €6,853
- Other operating charges +€6,342
up €6,342 (+1394.4%), from €455 to €6,797
- Gross operating margin -€3,412
down €3,412 (-11.7%), from €29,055 to €25,643
- Financial charges +€1,589
up €1,589 (+35.2%), from €4,515 to €6,104
- Depreciation -€330
down €330 (-7.4%), from €4,463 to €4,133
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,077 | €211,828 | +€29,750 | +16.3% |
| Fixed assets | 21/28 | €7,385 | €3,252 | -€4,133 | -56.0% |
| Tangible fixed assets | 22/27 | €7,385 | €3,252 | -€4,133 | -56.0% |
| Plant, machinery and equipment | 23 | €3,593 | €2,874 | -€720 | -20.0% |
| Furniture and vehicles | 24 | €564 | €378 | -€185 | -32.9% |
| Leasing and similar rights | 25 | €3,228 | €0 | -€3,228 | -100.0% |
| Current assets | 29/58 | €174,692 | €208,576 | +€33,883 | +19.4% |
| Amounts receivable after more than one year | 29 | €60,129 | €86,019 | +€25,890 | +43.1% |
| Trade receivables | 290 | €60,129 | €86,019 | +€25,890 | +43.1% |
| Stocks and contracts in progress | 3 | €96,179 | €94,505 | -€1,674 | -1.7% |
| Stocks | 30/36 | €96,179 | €94,505 | -€1,674 | -1.7% |
| Amounts receivable within one year | 40/41 | €10,220 | €5,767 | -€4,453 | -43.6% |
| Trade receivables | 40 | €6,130 | €5,767 | -€363 | -5.9% |
| Other amounts receivable | 41 | €4,090 | €0 | -€4,090 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,247 | €17,483 | +€14,236 | +438.4% |
| Deferred charges and accrued income | 490/1 | €4,917 | €4,802 | -€115 | -2.3% |
| Total equity and liabilities | 10/49 | €182,077 | €211,828 | +€29,750 | +16.3% |
| Equity | 10/15 | €135,952 | €137,896 | +€1,944 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,352 | €119,296 | +€1,944 | +1.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,492 | €117,436 | +€1,944 | +1.7% |
| Amounts payable | 17/49 | €46,125 | €73,932 | +€27,806 | +60.3% |
| Amounts payable after more than one year | 17 | €1,610 | €25,000 | +€23,390 | +1452.5% |
| Financial debts | 170/4 | €1,610 | €25,000 | +€23,390 | +1452.5% |
| Amounts payable within one year | 42/48 | €43,133 | €47,682 | +€4,548 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €3,174 | €1,610 | -€1,563 | -49.3% |
| Financial debts | 43 | €7,232 | €7,232 | = | 0.0% |
| Credit institutions | 430/8 | €7,232 | €7,232 | = | 0.0% |
| Trade debts | 44 | €3,116 | €4,153 | +€1,037 | +33.3% |
| Suppliers | 440/4 | €3,116 | €4,153 | +€1,037 | +33.3% |
| Taxes, remuneration and social security | 45 | €29,611 | €30,268 | +€657 | +2.2% |
| Taxes | 450/3 | €26,008 | €29,915 | +€3,907 | +15.0% |
| Remuneration and social security | 454/9 | €3,603 | €353 | -€3,250 | -90.2% |
| Other amounts payable | 47/48 | - | €4,418 | +€4,418 | |
| Accrued charges and deferred income | 492/3 | €1,382 | €1,250 | -€132 | -9.5% |
| Remuneration, social security and pensions | 62 | €17,961 | €6,853 | -€11,108 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,463 | €4,133 | -€330 | -7.4% |
| Other operating charges | 640/8 | €455 | €6,797 | +€6,342 | +1394.4% |
| Gross operating margin | 9900 | €29,055 | €25,643 | -€3,412 | -11.7% |
| Operating profit (loss) | 9901 | €6,176 | €7,860 | +€1,684 | +27.3% |
| Financial income | 75/76B | €767 | €1,045 | +€278 | +36.2% |
| Recurring financial income | 75 | €767 | €1,045 | +€278 | +36.2% |
| Financial charges | 65/66B | €4,515 | €6,104 | +€1,589 | +35.2% |
| Recurring financial charges | 65 | €4,515 | €6,104 | +€1,589 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €2,429 | €2,801 | +€372 | +15.3% |
| Income taxes | 67/77 | €719 | €857 | +€138 | +19.2% |
| Profit (loss) for the period | 9904 | €1,710 | €1,944 | +€234 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,710 | €1,944 | +€234 | +13.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.