ULU - KOç: what changed
ULU - KOç
Largest movements
- Cash +€7,658
up €7,658 (+205%), from €3,736 to €11,394
mainly Net result for the year (+€10,067) and Depreciation (+€3,117)
- Receivables within one year -€2,548
down €2,548 (-78.3%), from €3,253 to €705
of which Trade receivables: -€2,457
- Intangible fixed assets -€2,500
down €2,500 (-14.1%), from €17,671 to €15,171
- Tangible fixed assets -€617
down €617 (-39.9%), from €1,547 to €930
- Profit (loss) carried forward +€10,068
up €10,068 (+54.3%), from -€18,546 to -€8,478
- Other debts -€7,689
down €7,689 (-17.0%), from €45,356 to €37,667
- Trade debts -€595
down €595 (-13.0%), from €4,582 to €3,987
- Tax, wage and social debts +€468
new in 2025: €468
- Gross operating margin +€8,553
up €8,553 (+98.2%), from €8,713 to €17,266
- Other operating charges +€893
up €893 (+131%), from €682 to €1,575
- Financial charges +€401
up €401 (+19.0%), from €2,108 to €2,509
- Depreciation +€314
up €314 (+11.2%), from €2,803 to €3,117
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,392 | €35,644 | +€2,252 | +6.7% |
| Fixed assets | 21/28 | €22,812 | €19,695 | -€3,117 | -13.7% |
| Intangible fixed assets | 21 | €17,671 | €15,171 | -€2,500 | -14.1% |
| Tangible fixed assets | 22/27 | €1,547 | €930 | -€617 | -39.9% |
| Furniture and vehicles | 24 | €1,547 | €930 | -€617 | -39.9% |
| Financial fixed assets | 28 | €3,594 | €3,594 | = | 0.0% |
| Current assets | 29/58 | €10,580 | €15,949 | +€5,369 | +50.7% |
| Stocks and contracts in progress | 3 | €3,500 | €3,850 | +€350 | +10.0% |
| Stocks | 30/36 | €3,500 | €3,850 | +€350 | +10.0% |
| Amounts receivable within one year | 40/41 | €3,253 | €705 | -€2,548 | -78.3% |
| Trade receivables | 40 | €3,162 | €705 | -€2,457 | -77.7% |
| Other amounts receivable | 41 | €91 | - | -€91 | |
| Cash at bank and in hand | 54/58 | €3,736 | €11,394 | +€7,658 | +205% |
| Deferred charges and accrued income | 490/1 | €91 | - | -€91 | |
| Total equity and liabilities | 10/49 | €33,392 | €35,644 | +€2,252 | +6.7% |
| Equity | 10/15 | -€16,546 | -€6,478 | +€10,068 | +60.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,546 | -€8,478 | +€10,068 | +54.3% |
| Amounts payable | 17/49 | €49,938 | €42,122 | -€7,816 | -15.7% |
| Amounts payable within one year | 42/48 | €49,938 | €42,122 | -€7,816 | -15.7% |
| Trade debts | 44 | €4,582 | €3,987 | -€595 | -13.0% |
| Suppliers | 440/4 | €4,582 | €3,987 | -€595 | -13.0% |
| Taxes, remuneration and social security | 45 | - | €468 | +€468 | |
| Taxes | 450/3 | - | €468 | +€468 | |
| Other amounts payable | 47/48 | €45,356 | €37,667 | -€7,689 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,803 | €3,117 | +€314 | +11.2% |
| Other operating charges | 640/8 | €682 | €1,575 | +€893 | +131% |
| Gross operating margin | 9900 | €8,713 | €17,266 | +€8,553 | +98.2% |
| Operating profit (loss) | 9901 | €5,228 | €12,574 | +€7,346 | +141% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,108 | €2,509 | +€401 | +19.0% |
| Recurring financial charges | 65 | €2,108 | €2,509 | +€401 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €3,120 | €10,067 | +€6,947 | +223% |
| Profit (loss) for the period | 9904 | €3,120 | €10,067 | +€6,947 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €3,120 | €10,067 | +€6,947 | +223% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.