Ultralight Concept: 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.
Ultralight Concept
Largest movements
- Receivables within one year -€56,696
down €56,696 (-26.3%), from €215,848 to €159,152
of which Trade receivables: -€31,998
- Stocks and contracts +€34,350
up €34,350 (+4.6%), from €754,520 to €788,870
of which Contracts in progress: +€30,480
- Cash -€19,315
down €19,315 (-77.5%), from €24,921 to €5,606
mainly Trade debts (-€126,723) and Investment in fixed assets (net) (-€115,663)
- Intangible fixed assets +€16,089
up €16,089 (+3.3%), from €486,739 to €502,829
- Short-term financial debts +€142,383
up €142,383 (+40.7%), from €350,000 to €492,383
- Trade debts -€126,723
down €126,723 (-79.3%), from €159,814 to €33,091
- Debts after one year -€66,090
down €66,090 (-25.6%), from €258,362 to €192,273
- Profit (loss) carried forward +€22,236
up €22,236 (+17.6%), from -€126,315 to -€104,079
- Depreciation +€56,333
up €56,333 (+125%), from €45,164 to €101,498
- Staff costs +€41,670
up €41,670 (+21.3%), from €196,010 to €237,680
- Gross operating margin +€31,654
up €31,654 (+8.4%), from €375,823 to €407,478
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 | €1,492,228 | €1,464,733 | -€27,496 | -1.8% |
| Fixed assets | 21/28 | €496,940 | €511,105 | +€14,165 | +2.9% |
| Intangible fixed assets | 21 | €486,739 | €502,829 | +€16,089 | +3.3% |
| Tangible fixed assets | 22/27 | €10,135 | €8,211 | -€1,924 | -19.0% |
| Plant, machinery and equipment | 23 | €4,836 | €5,602 | +€766 | +15.8% |
| Furniture and vehicles | 24 | €5,299 | €2,609 | -€2,690 | -50.8% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €995,288 | €953,627 | -€41,661 | -4.2% |
| Stocks and contracts in progress | 3 | €754,520 | €788,870 | +€34,350 | +4.6% |
| Stocks | 30/36 | €463,000 | €466,870 | +€3,870 | +0.8% |
| Contracts in progress | 37 | €291,520 | €322,000 | +€30,480 | +10.5% |
| Amounts receivable within one year | 40/41 | €215,848 | €159,152 | -€56,696 | -26.3% |
| Trade receivables | 40 | €189,694 | €157,696 | -€31,998 | -16.9% |
| Other amounts receivable | 41 | €26,154 | €1,456 | -€24,698 | -94.4% |
| Cash at bank and in hand | 54/58 | €24,921 | €5,606 | -€19,315 | -77.5% |
| Total equity and liabilities | 10/49 | €1,492,228 | €1,464,733 | -€27,496 | -1.8% |
| Equity | 10/15 | €373,685 | €395,921 | +€22,236 | +6.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,315 | -€104,079 | +€22,236 | +17.6% |
| Amounts payable | 17/49 | €1,118,543 | €1,068,812 | -€49,732 | -4.4% |
| Amounts payable after more than one year | 17 | €258,362 | €192,273 | -€66,090 | -25.6% |
| Financial debts | 170/4 | €258,362 | €192,273 | -€66,090 | -25.6% |
| Amounts payable within one year | 42/48 | €860,181 | €876,539 | +€16,358 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €64,139 | €66,090 | +€1,951 | +3.0% |
| Financial debts | 43 | €350,000 | €492,383 | +€142,383 | +40.7% |
| Credit institutions | 430/8 | €350,000 | €492,383 | +€142,383 | +40.7% |
| Trade debts | 44 | €159,814 | €33,091 | -€126,723 | -79.3% |
| Suppliers | 440/4 | €159,814 | €33,091 | -€126,723 | -79.3% |
| Taxes, remuneration and social security | 45 | €23,035 | €11,682 | -€11,353 | -49.3% |
| Taxes | 450/3 | €14,551 | €844 | -€13,707 | -94.2% |
| Remuneration and social security | 454/9 | €8,484 | €10,838 | +€2,354 | +27.7% |
| Other amounts payable | 47/48 | €263,194 | €273,294 | +€10,100 | +3.8% |
| Remuneration, social security and pensions | 62 | €196,010 | €237,680 | +€41,670 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,164 | €101,498 | +€56,333 | +125% |
| Other operating charges | 640/8 | €3,105 | €3,118 | +€13 | +0.4% |
| Gross operating margin | 9900 | €375,823 | €407,478 | +€31,654 | +8.4% |
| Operating profit (loss) | 9901 | €131,543 | €65,181 | -€66,362 | -50.4% |
| Financial charges | 65/66B | €44,512 | €42,946 | -€1,567 | -3.5% |
| Recurring financial charges | 65 | €44,512 | €42,946 | -€1,567 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €87,031 | €22,236 | -€64,795 | -74.5% |
| Profit (loss) for the period | 9904 | €87,031 | €22,236 | -€64,795 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,031 | €22,236 | -€64,795 | -74.5% |
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 27 October 2026 via checked.be.