ULTRAPOLYMERS GROUP: 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.
ULTRAPOLYMERS GROUP
Largest movements
- Financial fixed assets -€24.3m
down €24.3m (-46.7%), from €52.0m to €27.7m
- Receivables within one year +€12.2m
up €12.2m (+673%), from €1.8m to €14.0m
of which Other amounts receivable: +€12.3m
- Short-term financial debts -€11.8m
down €11.8m (-100.0%), from €11.8m to €36
of which Other loans: -€11.8m
- Reserves -€630,331
down €630,331 (-34.1%), from €1.9m to €1.2m
- Tax, wage and social debts +€558,770
up €558,770 (+176%), from €317,435 to €876,205
of which Taxes: +€522,976
- Turnover -€3.1m
down €3.1m (-5.0%), from €62.4m to €59.3m
- Goods and materials -€2.8m
down €2.8m (-4.6%), from €61.9m to €59.0m
- Financial charges -€2.6m
down €2.6m (-26.7%), from €9.8m to €7.2m
of which Non-recurring financial charges: -€1.5m
- Financial income -€1.8m
down €1.8m (-21.2%), from €8.3m to €6.6m
- Other operating income -€919,592
down €919,592 (-32.2%), from €2.9m to €1.9m
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,832,008 | €41,696,366 | -€12.1m | -22.5% |
| Fixed assets | 21/28 | €52,024,367 | €27,726,842 | -€24.3m | -46.7% |
| Tangible fixed assets | 22/27 | €30,232 | €19,188 | -€11,044 | -36.5% |
| Furniture and vehicles | 24 | €30,232 | €19,188 | -€11,044 | -36.5% |
| Financial fixed assets | 28 | €51,994,135 | €27,707,654 | -€24.3m | -46.7% |
| Affiliated companies | 280/1 | €51,994,135 | €27,707,654 | -€24.3m | -46.7% |
| Participating interests | 280 | €51,568,493 | €27,282,011 | -€24.3m | -47.1% |
| Amounts receivable | 281 | €425,643 | €425,643 | = | 0.0% |
| Current assets | 29/58 | €1,807,640 | €13,969,524 | +€12.2m | +673% |
| Amounts receivable within one year | 40/41 | €1,807,539 | €13,969,524 | +€12.2m | +673% |
| Trade receivables | 40 | €793,719 | €667,078 | -€126,641 | -16.0% |
| Other amounts receivable | 41 | €1,013,820 | €13,302,446 | +€12.3m | +1,212% |
| Deferred charges and accrued income | 490/1 | €101 | - | -€101 | |
| Total equity and liabilities | 10/49 | €53,832,008 | €41,696,366 | -€12.1m | -22.5% |
| Equity | 10/15 | €41,410,403 | €40,369,669 | -€1.0m | -2.5% |
| Contributions | 10/11 | €39,150,000 | €39,150,000 | = | 0.0% |
| Capital | 10 | €39,150,000 | €39,150,000 | = | 0.0% |
| Issued capital | 100 | €39,150,000 | €39,150,000 | = | 0.0% |
| Reserves | 13 | €1,850,000 | €1,219,669 | -€630,331 | -34.1% |
| Non-distributable reserves | 130/1 | €1,850,000 | €1,219,669 | -€630,331 | -34.1% |
| Legal reserve | 130 | €1,850,000 | €1,219,669 | -€630,331 | -34.1% |
| Profit (loss) carried forward | 14 | €410,403 | - | -€410,403 | |
| Amounts payable | 17/49 | €12,421,605 | €1,326,696 | -€11.1m | -89.3% |
| Amounts payable within one year | 42/48 | €12,421,605 | €1,326,696 | -€11.1m | -89.3% |
| Financial debts | 43 | €11,787,749 | €36 | -€11.8m | -100.0% |
| Credit institutions | 430/8 | - | €36 | +€36 | |
| Other loans | 439 | €11,787,749 | - | -€11.8m | |
| Trade debts | 44 | €316,421 | €450,455 | +€134,034 | +42.4% |
| Suppliers | 440/4 | €316,421 | €450,455 | +€134,034 | +42.4% |
| Taxes, remuneration and social security | 45 | €317,435 | €876,205 | +€558,770 | +176% |
| Taxes | 450/3 | €191,468 | €714,444 | +€522,976 | +273% |
| Remuneration and social security | 454/9 | €125,967 | €161,761 | +€35,794 | +28.4% |
| Operating income | 70/76A | €65,251,381 | €61,199,570 | -€4.1m | -6.2% |
| Turnover | 70 | €62,398,071 | €59,265,853 | -€3.1m | -5.0% |
| Other operating income | 74 | €2,853,310 | €1,933,717 | -€919,592 | -32.2% |
| Operating charges | 60/66A | €63,380,910 | €60,623,101 | -€2.8m | -4.4% |
| Goods for resale, raw materials and consumables | 60 | €61,868,766 | €59,033,547 | -€2.8m | -4.6% |
| Purchases | 600/8 | €61,868,766 | €59,033,547 | -€2.8m | -4.6% |
| Services and other goods | 61 | €622,189 | €681,566 | +€59,376 | +9.5% |
| Remuneration, social security and pensions | 62 | €877,357 | €896,448 | +€19,091 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,044 | €11,044 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,553 | €496 | -€1,057 | -68.1% |
| Operating profit (loss) | 9901 | €1,870,471 | €576,469 | -€1.3m | -69.2% |
| Financial income | 75/76B | €8,327,930 | €6,563,605 | -€1.8m | -21.2% |
| Recurring financial income | 75 | €8,327,930 | €6,563,605 | -€1.8m | -21.2% |
| Income from financial fixed assets | 750 | €8,321,227 | €6,354,785 | -€2.0m | -23.6% |
| Income from current assets | 751 | - | €206,261 | +€206,261 | |
| Other financial income | 752/9 | €6,703 | €2,559 | -€4,144 | -61.8% |
| Financial charges | 65/66B | €9,828,071 | €7,203,973 | -€2.6m | -26.7% |
| Recurring financial charges | 65 | €1,328,071 | €203,973 | -€1.1m | -84.6% |
| Debt charges | 650 | €1,313,873 | €199,460 | -€1.1m | -84.8% |
| Other financial charges | 652/9 | €14,198 | €4,513 | -€9,685 | -68.2% |
| Non-recurring financial charges | 66B | €8,500,000 | €7,000,000 | -€1.5m | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €370,330 | -€63,899 | -€434,229 | |
| Income taxes | 67/77 | €399,551 | €976,834 | +€577,284 | +144% |
| Taxes | 670/3 | €399,551 | €976,834 | +€577,284 | +144% |
| Profit (loss) for the period | 9904 | -€29,220 | -€1,040,734 | -€1.0m | -3,462% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,220 | -€1,040,734 | -€1.0m | -3,462% |
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 28 October 2026 via checked.be.