ULUSOY: 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.
ULUSOY
Largest movements
- Cash +€78,688
up €78,688 (+12.5%), from €630,062 to €708,749
mainly Net result for the year (+€32,519) and Trade debts (+€26,871)
- Receivables within one year +€32,856
up €32,856 (+75.4%), from €43,585 to €76,441
of which Other amounts receivable: +€32,856
- Profit (loss) carried forward +€32,519
up €32,519 (+17.0%), from €190,922 to €223,442
- Trade debts +€26,871
up €26,871 (+1791.4%), from €1,500 to €28,371
- Reserves +€25,224
up €25,224 (+5.5%), from €461,434 to €486,658
of which Distributable reserves: +€25,224
- Short-term financial debts +€20,525
new in 2025: €20,525
- Turnover -€737,909
no longer reported in 2025 (was €737,909)
- Purchases and services -€691,574
no longer reported in 2025 (was €691,574)
- Gross operating margin +€12,046
up €12,046 (+26.0%), from €46,336 to €58,382
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 | €674,158 | €785,701 | +€111,544 | +16.5% |
| Fixed assets | 21/28 | €511 | €511 | = | 0.0% |
| Financial fixed assets | 28 | €511 | €511 | = | 0.0% |
| Current assets | 29/58 | €673,647 | €785,191 | +€111,544 | +16.6% |
| Amounts receivable within one year | 40/41 | €43,585 | €76,441 | +€32,856 | +75.4% |
| Trade receivables | 40 | €6,076 | €6,076 | = | 0.0% |
| Other amounts receivable | 41 | €37,509 | €70,365 | +€32,856 | +87.6% |
| Cash at bank and in hand | 54/58 | €630,062 | €708,749 | +€78,688 | +12.5% |
| Total equity and liabilities | 10/49 | €674,158 | €785,701 | +€111,544 | +16.5% |
| Equity | 10/15 | €669,762 | €727,505 | +€57,743 | +8.6% |
| Contributions | 10/11 | €17,405 | €17,405 | = | 0.0% |
| Reserves | 13 | €461,434 | €486,658 | +€25,224 | +5.5% |
| 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 | €459,574 | €484,798 | +€25,224 | +5.5% |
| Profit (loss) carried forward | 14 | €190,922 | €223,442 | +€32,519 | +17.0% |
| Amounts payable | 17/49 | €4,396 | €58,197 | +€53,801 | +1223.9% |
| Amounts payable within one year | 42/48 | €4,396 | €58,197 | +€53,801 | +1223.9% |
| Financial debts | 43 | - | €20,525 | +€20,525 | |
| Credit institutions | 430/8 | - | €20,525 | +€20,525 | |
| Trade debts | 44 | €1,500 | €28,371 | +€26,871 | +1791.4% |
| Suppliers | 440/4 | €1,500 | €28,371 | +€26,871 | +1791.4% |
| Taxes, remuneration and social security | 45 | €2,896 | €9,300 | +€6,404 | +221.2% |
| Taxes | 450/3 | €2,896 | €9,300 | +€6,404 | +221.2% |
| Turnover | 70 | €737,909 | - | -€737,909 | |
| Goods, raw materials, services and sundry goods | 60/61 | €691,574 | - | -€691,574 | |
| Remuneration, social security and pensions | 62 | - | €206 | +€206 | |
| Other operating charges | 640/8 | €1,198 | €2,912 | +€1,714 | +143.1% |
| Gross operating margin | 9900 | €46,336 | €58,382 | +€12,046 | +26.0% |
| Operating profit (loss) | 9901 | €45,138 | €55,264 | +€10,126 | +22.4% |
| Financial income | 75/76B | €0 | €216 | +€216 | +196654.5% |
| Recurring financial income | 75 | €0 | €216 | +€216 | +196654.5% |
| Financial charges | 65/66B | €3,591 | €10,306 | +€6,714 | +187.0% |
| Recurring financial charges | 65 | €3,591 | €10,306 | +€6,714 | +187.0% |
| Profit (loss) for the period before taxes | 9903 | €41,547 | €45,175 | +€3,628 | +8.7% |
| Income taxes | 67/77 | €17,389 | €12,656 | -€4,734 | -27.2% |
| Profit (loss) for the period | 9904 | €24,157 | €32,519 | +€8,362 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,157 | €32,519 | +€8,362 | +34.6% |
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 3 October 2026 via checked.be.