ULUSOY IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€5,000
down €5,000 (-3.3%), from €152,465 to €147,465
- Cash +€1,712
up €1,712, from €0 to €1,712
mainly Net result for the year (+€16,009) and Depreciation (+€5,000)
- Profit (loss) carried forward +€16,009
up €16,009 (+168.5%), from €9,498 to €25,507
- Other debts -€13,784
down €13,784 (-65.2%), from €21,154 to €7,370
- Debts after one year -€6,889
down €6,889 (-7.0%), from €99,010 to €92,122
of which Financial debts: -€6,889
- Tax, wage and social debts +€4,706
up €4,706 (+198.2%), from €2,375 to €7,081
- Trade debts -€3,505
down €3,505 (-100.0%), from €3,505 to €0
- Gross operating margin +€9,217
up €9,217 (+36.9%), from €24,998 to €34,215
- Taxes +€2,377
up €2,377 (+101.1%), from €2,352 to €4,729
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 | €154,965 | €151,677 | -€3,288 | -2.1% |
| Fixed assets | 21/28 | €152,465 | €147,465 | -€5,000 | -3.3% |
| Tangible fixed assets | 22/27 | €152,465 | €147,465 | -€5,000 | -3.3% |
| Land and buildings | 22 | €152,465 | €147,465 | -€5,000 | -3.3% |
| Current assets | 29/58 | €2,500 | €4,212 | +€1,712 | +68.5% |
| Amounts receivable within one year | 40/41 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €1,712 | +€1,712 | |
| Total equity and liabilities | 10/49 | €154,965 | €151,677 | -€3,288 | -2.1% |
| Equity | 10/15 | €21,998 | €38,007 | +€16,009 | +72.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,498 | €25,507 | +€16,009 | +168.5% |
| Amounts payable | 17/49 | €132,967 | €113,670 | -€19,297 | -14.5% |
| Amounts payable after more than one year | 17 | €99,010 | €92,122 | -€6,889 | -7.0% |
| Financial debts | 170/4 | €93,410 | €86,522 | -€6,889 | -7.4% |
| Other amounts payable | 178/9 | €5,600 | €5,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,733 | €21,340 | -€12,393 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €6,699 | €6,889 | +€189 | +2.8% |
| Trade debts | 44 | €3,505 | €0 | -€3,505 | -100.0% |
| Suppliers | 440/4 | €3,505 | €0 | -€3,505 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,375 | €7,081 | +€4,706 | +198.2% |
| Taxes | 450/3 | €2,375 | €7,081 | +€4,706 | +198.2% |
| Other amounts payable | 47/48 | €21,154 | €7,370 | -€13,784 | -65.2% |
| Accrued charges and deferred income | 492/3 | €224 | €209 | -€15 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €5,000 | = | 0.0% |
| Other operating charges | 640/8 | €5,095 | €5,259 | +€164 | +3.2% |
| Gross operating margin | 9900 | €24,998 | €34,215 | +€9,217 | +36.9% |
| Operating profit (loss) | 9901 | €14,903 | €23,957 | +€9,053 | +60.7% |
| Financial charges | 65/66B | €3,145 | €3,219 | +€74 | +2.4% |
| Recurring financial charges | 65 | €3,145 | €3,219 | +€74 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €11,759 | €20,738 | +€8,979 | +76.4% |
| Income taxes | 67/77 | €2,352 | €4,729 | +€2,377 | +101.1% |
| Profit (loss) for the period | 9904 | €9,407 | €16,009 | +€6,602 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,407 | €16,009 | +€6,602 | +70.2% |
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 4 October 2026 via checked.be.