ULYS: 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.
ULYS
Largest movements
- Tangible fixed assets -€51,938
down €51,938 (-20.9%), from €248,946 to €197,008
of which Land and buildings: -€35,999
- Receivables within one year -€8,318
down €8,318 (-5.5%), from €150,941 to €142,623
of which Trade receivables: -€5,629
- Cash -€5,841
down €5,841 (-3.4%), from €169,501 to €163,660
mainly Debts after one year (-€42,842) and Tax, wage and social debts (-€27,810)
- Debts after one year -€42,842
down €42,842 (-54.5%), from €78,541 to €35,700
- Tax, wage and social debts -€27,810
down €27,810 (-50.8%), from €54,713 to €26,903
of which Taxes: -€26,758
- Profit (loss) carried forward -€13,193
down €13,193 (-13.0%), from €101,485 to €88,292
- Trade debts +€12,752
up €12,752 (+10.1%), from €126,116 to €138,868
- Gross operating margin -€83,836
down €83,836 (-24.9%), from €336,566 to €252,731
- Other operating charges -€55,357
down €55,357 (-98.2%), from €56,387 to €1,029
- Taxes +€26,104
up €26,104 (+94.6%), from -€27,583 to -€1,479
- Financial charges +€10,927
up €10,927 (+9.6%), from €113,371 to €124,298
- Provisions -€4,855
no longer reported in 2025 (was €4,855)
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 | €578,841 | €510,144 | -€68,697 | -11.9% |
| Fixed assets | 21/28 | €251,399 | €199,477 | -€51,922 | -20.7% |
| Tangible fixed assets | 22/27 | €248,946 | €197,008 | -€51,938 | -20.9% |
| Land and buildings | 22 | €215,996 | €179,997 | -€35,999 | -16.7% |
| Furniture and vehicles | 24 | €32,950 | €17,012 | -€15,938 | -48.4% |
| Financial fixed assets | 28 | €2,453 | €2,469 | +€16 | +0.6% |
| Current assets | 29/58 | €327,442 | €310,667 | -€16,775 | -5.1% |
| Amounts receivable within one year | 40/41 | €150,941 | €142,623 | -€8,318 | -5.5% |
| Trade receivables | 40 | €95,874 | €90,244 | -€5,629 | -5.9% |
| Other amounts receivable | 41 | €55,067 | €52,379 | -€2,688 | -4.9% |
| Cash at bank and in hand | 54/58 | €169,501 | €163,660 | -€5,841 | -3.4% |
| Deferred charges and accrued income | 490/1 | €6,999 | €4,383 | -€2,617 | -37.4% |
| Total equity and liabilities | 10/49 | €578,841 | €510,144 | -€68,697 | -11.9% |
| Equity | 10/15 | €268,951 | €255,758 | -€13,193 | -4.9% |
| Contributions | 10/11 | €70,667 | €70,667 | = | 0.0% |
| Reserves | 13 | €96,800 | €96,800 | = | 0.0% |
| Distributable reserves | 133 | €96,800 | €96,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,485 | €88,292 | -€13,193 | -13.0% |
| Amounts payable | 17/49 | €309,889 | €254,385 | -€55,504 | -17.9% |
| Amounts payable after more than one year | 17 | €78,541 | €35,700 | -€42,842 | -54.5% |
| Financial debts | 170/4 | €78,541 | €35,700 | -€42,842 | -54.5% |
| Amounts payable within one year | 42/48 | €231,348 | €218,685 | -€12,663 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €42,842 | €42,842 | = | 0.0% |
| Trade debts | 44 | €126,116 | €138,868 | +€12,752 | +10.1% |
| Suppliers | 440/4 | €126,116 | €138,868 | +€12,752 | +10.1% |
| Taxes, remuneration and social security | 45 | €54,713 | €26,903 | -€27,810 | -50.8% |
| Taxes | 450/3 | €36,738 | €9,980 | -€26,758 | -72.8% |
| Remuneration and social security | 454/9 | €17,975 | €16,923 | -€1,052 | -5.9% |
| Other amounts payable | 47/48 | €7,677 | €10,073 | +€2,395 | +31.2% |
| Remuneration, social security and pensions | 62 | €90,814 | €94,147 | +€3,333 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,982 | €51,938 | -€44 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,344 | -€2,344 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,855 | - | -€4,855 | |
| Other operating charges | 640/8 | €56,387 | €1,029 | -€55,357 | -98.2% |
| Gross operating margin | 9900 | €336,566 | €252,731 | -€83,836 | -24.9% |
| Operating profit (loss) | 9901 | €132,529 | €107,961 | -€24,568 | -18.5% |
| Financial income | 75/76B | - | €1,665 | +€1,665 | |
| Recurring financial income | 75 | - | €1,665 | +€1,665 | |
| Financial charges | 65/66B | €113,371 | €124,298 | +€10,927 | +9.6% |
| Recurring financial charges | 65 | €113,371 | €124,298 | +€10,927 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €19,158 | -€14,672 | -€33,831 | |
| Income taxes | 67/77 | -€27,583 | -€1,479 | +€26,104 | +94.6% |
| Profit (loss) for the period | 9904 | €46,742 | -€13,193 | -€59,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,742 | -€13,193 | -€59,935 |
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 28 September 2026 via checked.be.