ULTRAMAR: 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.
ULTRAMAR
Largest movements
- Receivables within one year -€8,008
down €8,008 (-12.1%), from €66,404 to €58,396
of which Trade receivables: -€11,328
- Tangible fixed assets -€6,259
down €6,259 (-25.5%), from €24,505 to €18,246
of which Furniture and vehicles: -€6,082
- Cash +€3,552
up €3,552 (+826.0%), from €430 to €3,982
mainly Debts after one year (+€13,725) and Net result for the year (+€12,596)
- Formation expenses -€2,733
down €2,733 (-20.0%), from €13,668 to €10,935
- Trade debts -€32,293
down €32,293 (-77.1%), from €41,898 to €9,605
- Debts after one year +€13,725
new in 2024: €13,725
- Other debts -€13,372
no longer reported in 2024 (was €13,372)
- Profit (loss) carried forward +€12,596
up €12,596 (+39.0%), from €32,312 to €44,908
- Current portion of long-term debt +€6,045
new in 2024: €6,045
- Taxes +€4,266
new in 2024: €4,266
- Financial charges +€1,210
up €1,210 (+259.1%), from €467 to €1,677
- Gross operating margin -€833
down €833 (-2.9%), from €28,539 to €27,706
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.
Cash bridge derived
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 | €105,007 | €91,559 | -€13,448 | -12.8% |
| Formation expenses | 20 | €13,668 | €10,935 | -€2,733 | -20.0% |
| Fixed assets | 21/28 | €24,505 | €18,246 | -€6,259 | -25.5% |
| Tangible fixed assets | 22/27 | €24,505 | €18,246 | -€6,259 | -25.5% |
| Furniture and vehicles | 24 | €24,328 | €18,246 | -€6,082 | -25.0% |
| Other tangible fixed assets | 26 | €177 | - | -€177 | |
| Current assets | 29/58 | €66,834 | €62,378 | -€4,456 | -6.7% |
| Amounts receivable within one year | 40/41 | €66,404 | €58,396 | -€8,008 | -12.1% |
| Trade receivables | 40 | €59,276 | €47,948 | -€11,328 | -19.1% |
| Other amounts receivable | 41 | €7,128 | €10,448 | +€3,320 | +46.6% |
| Cash at bank and in hand | 54/58 | €430 | €3,982 | +€3,552 | +826.0% |
| Total equity and liabilities | 10/49 | €105,007 | €91,559 | -€13,448 | -12.8% |
| Equity | 10/15 | €43,372 | €55,968 | +€12,596 | +29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,860 | €4,860 | = | 0.0% |
| 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 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,312 | €44,908 | +€12,596 | +39.0% |
| Amounts payable | 17/49 | €61,635 | €35,591 | -€26,044 | -42.3% |
| Amounts payable after more than one year | 17 | - | €13,725 | +€13,725 | |
| Financial debts | 170/4 | - | €13,725 | +€13,725 | |
| Amounts payable within one year | 42/48 | €61,635 | €21,866 | -€39,769 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,045 | +€6,045 | |
| Trade debts | 44 | €41,898 | €9,605 | -€32,293 | -77.1% |
| Suppliers | 440/4 | €41,898 | €9,605 | -€32,293 | -77.1% |
| Taxes, remuneration and social security | 45 | €6,365 | €6,216 | -€149 | -2.3% |
| Taxes | 450/3 | €6,365 | €6,216 | -€149 | -2.3% |
| Other amounts payable | 47/48 | €13,372 | - | -€13,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,992 | €8,992 | = | 0.0% |
| Other operating charges | 640/8 | - | €189 | +€189 | |
| Gross operating margin | 9900 | €28,539 | €27,706 | -€833 | -2.9% |
| Operating profit (loss) | 9901 | €19,547 | €18,525 | -€1,022 | -5.2% |
| Financial income | 75/76B | €37 | €14 | -€23 | -62.2% |
| Recurring financial income | 75 | €37 | €14 | -€23 | -62.2% |
| Financial charges | 65/66B | €467 | €1,677 | +€1,210 | +259.1% |
| Recurring financial charges | 65 | €467 | €1,677 | +€1,210 | +259.1% |
| Profit (loss) for the period before taxes | 9903 | €19,117 | €16,862 | -€2,255 | -11.8% |
| Income taxes | 67/77 | - | €4,266 | +€4,266 | |
| Profit (loss) for the period | 9904 | €19,117 | €12,596 | -€6,521 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,117 | €12,596 | -€6,521 | -34.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.