ULVI: 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.
ULVI
Largest movements
- Stocks and contracts +€21,624
up €21,624 (+131.4%), from €16,458 to €38,082
- Cash +€2,371
up €2,371 (+85.7%), from €2,765 to €5,136
mainly Trade debts (+€17,108) and Net result for the year (+€3,069)
- Tangible fixed assets -€2,251
down €2,251 (-20.5%), from €10,956 to €8,705
of which Plant, machinery and equipment: -€1,345
- Receivables within one year -€1,066
down €1,066 (-27.2%), from €3,913 to €2,847
of which Other amounts receivable: -€2,362
- Trade debts +€17,108
up €17,108 (+362.6%), from €4,718 to €21,826
- Profit (loss) carried forward +€3,069
up €3,069, from -€2,126 to €943
- Gross operating margin +€6,404
up €6,404, from -€1,080 to €5,324
- Depreciation +€1,707
up €1,707 (+313.1%), from €545 to €2,252
- Other operating charges -€498
down €498 (-99.4%), from €501 to €3
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,092 | €54,770 | +€20,678 | +60.7% |
| Fixed assets | 21/28 | €10,956 | €8,705 | -€2,251 | -20.5% |
| Tangible fixed assets | 22/27 | €10,956 | €8,705 | -€2,251 | -20.5% |
| Plant, machinery and equipment | 23 | €6,555 | €5,210 | -€1,345 | -20.5% |
| Furniture and vehicles | 24 | €4,401 | €3,495 | -€906 | -20.6% |
| Current assets | 29/58 | €23,136 | €46,065 | +€22,929 | +99.1% |
| Stocks and contracts in progress | 3 | €16,458 | €38,082 | +€21,624 | +131.4% |
| Stocks | 30/36 | €16,458 | €38,082 | +€21,624 | +131.4% |
| Amounts receivable within one year | 40/41 | €3,913 | €2,847 | -€1,066 | -27.2% |
| Trade receivables | 40 | - | €1,297 | +€1,297 | |
| Other amounts receivable | 41 | €3,913 | €1,551 | -€2,362 | -60.4% |
| Cash at bank and in hand | 54/58 | €2,765 | €5,136 | +€2,371 | +85.7% |
| Total equity and liabilities | 10/49 | €34,092 | €54,770 | +€20,678 | +60.7% |
| Equity | 10/15 | €12,874 | €15,943 | +€3,069 | +23.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | - | -€15,000 | |
| Issued capital | 100 | €15,000 | - | -€15,000 | |
| Outside capital | 11 | - | €15,000 | +€15,000 | |
| Share premium | 1100/10 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | -€2,126 | €943 | +€3,069 | |
| Amounts payable | 17/49 | €21,218 | €38,826 | +€17,608 | +83.0% |
| Amounts payable after more than one year | 17 | €16,500 | €17,000 | +€500 | +3.0% |
| Financial debts | 170/4 | €16,500 | €17,000 | +€500 | +3.0% |
| Amounts payable within one year | 42/48 | €4,718 | €21,826 | +€17,108 | +362.6% |
| Trade debts | 44 | €4,718 | €21,826 | +€17,108 | +362.6% |
| Suppliers | 440/4 | €4,718 | €21,826 | +€17,108 | +362.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €2,252 | +€1,707 | +313.1% |
| Other operating charges | 640/8 | €501 | €3 | -€498 | -99.4% |
| Gross operating margin | 9900 | -€1,080 | €5,324 | +€6,404 | |
| Operating profit (loss) | 9901 | -€2,126 | €3,069 | +€5,195 | |
| Profit (loss) for the period before taxes | 9903 | -€2,126 | €3,069 | +€5,195 | |
| Profit (loss) for the period | 9904 | -€2,126 | €3,069 | +€5,195 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,126 | €3,069 | +€5,195 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.