ULUA: 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.
ULUA
Largest movements
- Cash -€244,367
down €244,367 (-97.4%), from €250,805 to €6,438
mainly Contributions, distributions and other (-€414,811) and Current investments (-€235,684)
- Current investments +€235,684
up €235,684 (+110.7%), from €212,919 to €448,603
- Receivables within one year -€21,118
down €21,118 (-97.8%), from €21,594 to €476
of which Other amounts receivable: -€21,118
- Reserves -€331,962
down €331,962 (-80.0%), from €414,811 to €82,849
- Other debts +€321,965
new in 2025: €321,965
- Tax, wage and social debts -€23,251
down €23,251 (-30.8%), from €75,448 to €52,198
- Gross operating margin -€77,332
down €77,332 (-41.6%), from €185,956 to €108,624
- Taxes -€6,491
down €6,491 (-15.2%), from €42,735 to €36,245
- Financial charges -€6,250
down €6,250 (-79.5%), from €7,861 to €1,611
- Financial income +€3,333
up €3,333 (+27.7%), from €12,051 to €15,384
of which Financial income: +€3,652
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.
Cash bridge derived
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 | €494,147 | €461,552 | -€32,595 | -6.6% |
| Fixed assets | 21/28 | €8,679 | €6,035 | -€2,644 | -30.5% |
| Tangible fixed assets | 22/27 | €8,679 | €6,035 | -€2,644 | -30.5% |
| Plant, machinery and equipment | 23 | €7,189 | €5,080 | -€2,109 | -29.3% |
| Furniture and vehicles | 24 | €1,490 | €955 | -€535 | -35.9% |
| Current assets | 29/58 | €485,468 | €455,517 | -€29,951 | -6.2% |
| Amounts receivable within one year | 40/41 | €21,594 | €476 | -€21,118 | -97.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €21,594 | €476 | -€21,118 | -97.8% |
| Current investments | 50/53 | €212,919 | €448,603 | +€235,684 | +110.7% |
| Cash at bank and in hand | 54/58 | €250,805 | €6,438 | -€244,367 | -97.4% |
| Deferred charges and accrued income | 490/1 | €150 | €0 | -€150 | -100.0% |
| Total equity and liabilities | 10/49 | €494,147 | €461,552 | -€32,595 | -6.6% |
| Equity | 10/15 | €416,811 | €84,849 | -€331,962 | -79.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €414,811 | €82,849 | -€331,962 | -80.0% |
| Distributable reserves | 133 | €414,811 | €82,849 | -€331,962 | -80.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,335 | €376,703 | +€299,367 | +387.1% |
| Amounts payable within one year | 42/48 | €77,335 | €376,703 | +€299,367 | +387.1% |
| Financial debts | 43 | - | €1,922 | +€1,922 | |
| Credit institutions | 430/8 | - | €1,922 | +€1,922 | |
| Trade debts | 44 | €1,887 | €617 | -€1,270 | -67.3% |
| Suppliers | 440/4 | €1,887 | €617 | -€1,270 | -67.3% |
| Taxes, remuneration and social security | 45 | €75,448 | €52,198 | -€23,251 | -30.8% |
| Taxes | 450/3 | €75,448 | €52,198 | -€23,251 | -30.8% |
| Other amounts payable | 47/48 | - | €321,965 | +€321,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,771 | €2,644 | -€1,127 | -29.9% |
| Other operating charges | 640/8 | €994 | €660 | -€334 | -33.6% |
| Gross operating margin | 9900 | €185,956 | €108,624 | -€77,332 | -41.6% |
| Operating profit (loss) | 9901 | €181,190 | €105,320 | -€75,870 | -41.9% |
| Financial income | 75/76B | €12,051 | €15,384 | +€3,333 | +27.7% |
| Recurring financial income | 75 | €11,732 | €15,384 | +€3,652 | +31.1% |
| Non-recurring financial income | 76B | €319 | €0 | -€319 | -100.0% |
| Financial charges | 65/66B | €7,861 | €1,611 | -€6,250 | -79.5% |
| Recurring financial charges | 65 | €7,861 | €1,611 | -€6,250 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €185,381 | €119,094 | -€66,287 | -35.8% |
| Income taxes | 67/77 | €42,735 | €36,245 | -€6,491 | -15.2% |
| Profit (loss) for the period | 9904 | €142,646 | €82,849 | -€59,797 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €142,646 | €82,849 | -€59,797 | -41.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.