Ultralight Education & Services: 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 Education & Services
Largest movements
- Cash +€85,714
up €85,714 (+61.5%), from €139,462 to €225,176
mainly Depreciation (+€44,756) and Net result for the year (+€24,776)
- Tangible fixed assets -€41,880
down €41,880 (-35.7%), from €117,279 to €75,399
of which Plant, machinery and equipment: -€29,041
- Receivables within one year +€4,507
up €4,507 (+43.1%), from €10,450 to €14,956
of which Trade receivables: +€6,345
- Reserves +€24,776
up €24,776 (+15.5%), from €159,392 to €184,169
- Tax, wage and social debts +€9,893
up €9,893 (+1,552%), from €637 to €10,530
- Trade debts +€6,273
up €6,273 (+1,427%), from €440 to €6,713
- Other debts +€4,708
up €4,708 (+4.9%), from €96,289 to €100,997
- Gross operating margin +€3,243
up €3,243 (+4.1%), from €78,739 to €81,982
- Depreciation -€1,393
down €1,393 (-3.0%), from €46,149 to €44,756
- Taxes +€1,339
up €1,339 (+12.3%), from €10,924 to €12,263
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 | €275,358 | €321,008 | +€45,650 | +16.6% |
| Fixed assets | 21/28 | €118,440 | €75,619 | -€42,821 | -36.2% |
| Intangible fixed assets | 21 | €941 | - | -€941 | |
| Tangible fixed assets | 22/27 | €117,279 | €75,399 | -€41,880 | -35.7% |
| Plant, machinery and equipment | 23 | €50,158 | €21,117 | -€29,041 | -57.9% |
| Furniture and vehicles | 24 | €67,121 | €54,282 | -€12,839 | -19.1% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €156,918 | €245,389 | +€88,471 | +56.4% |
| Stocks and contracts in progress | 3 | - | €1,108 | +€1,108 | |
| Stocks | 30/36 | - | €1,108 | +€1,108 | |
| Amounts receivable within one year | 40/41 | €10,450 | €14,956 | +€4,507 | +43.1% |
| Trade receivables | 40 | €4,536 | €10,881 | +€6,345 | +140% |
| Other amounts receivable | 41 | €5,914 | €4,076 | -€1,838 | -31.1% |
| Cash at bank and in hand | 54/58 | €139,462 | €225,176 | +€85,714 | +61.5% |
| Deferred charges and accrued income | 490/1 | €7,007 | €4,149 | -€2,858 | -40.8% |
| Total equity and liabilities | 10/49 | €275,358 | €321,008 | +€45,650 | +16.6% |
| Equity | 10/15 | €177,992 | €202,769 | +€24,776 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €159,392 | €184,169 | +€24,776 | +15.5% |
| Distributable reserves | 133 | €159,392 | €184,169 | +€24,776 | +15.5% |
| Amounts payable | 17/49 | €97,366 | €118,240 | +€20,874 | +21.4% |
| Amounts payable within one year | 42/48 | €97,366 | €118,240 | +€20,874 | +21.4% |
| Trade debts | 44 | €440 | €6,713 | +€6,273 | +1,427% |
| Suppliers | 440/4 | €440 | €6,713 | +€6,273 | +1,427% |
| Taxes, remuneration and social security | 45 | €637 | €10,530 | +€9,893 | +1,552% |
| Taxes | 450/3 | €637 | €10,530 | +€9,893 | +1,552% |
| Other amounts payable | 47/48 | €96,289 | €100,997 | +€4,708 | +4.9% |
| Remuneration, social security and pensions | 62 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,149 | €44,756 | -€1,393 | -3.0% |
| Other operating charges | 640/8 | €594 | €62 | -€532 | -89.6% |
| Gross operating margin | 9900 | €78,739 | €81,982 | +€3,243 | +4.1% |
| Operating profit (loss) | 9901 | €31,996 | €37,024 | +€5,028 | +15.7% |
| Financial income | 75/76B | €0 | €60 | +€60 | +12,159% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +12,159% |
| Financial charges | 65/66B | €348 | €45 | -€303 | -87.1% |
| Recurring financial charges | 65 | €348 | €45 | -€303 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €31,649 | €37,039 | +€5,391 | +17.0% |
| Income taxes | 67/77 | €10,924 | €12,263 | +€1,339 | +12.3% |
| Profit (loss) for the period | 9904 | €20,724 | €24,776 | +€4,052 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,724 | €24,776 | +€4,052 | +19.6% |
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 31 October 2026 via checked.be.