ULYSSE: 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.
ULYSSE
Largest movements
- Tangible fixed assets -€54,099
down €54,099 (-4.5%), from €1.2m to €1.2m
of which Land and buildings: -€53,972
- Debts after one year -€70,372
down €70,372 (-19.5%), from €360,199 to €289,827
- Other debts +€22,283
up €22,283 (+5.2%), from €427,377 to €449,660
- Gross operating margin -€89,523
down €89,523 (-56.0%), from €159,890 to €70,366
- Taxes -€21,030
down €21,030 (-98.6%), from €21,333 to €303
- Depreciation -€12,153
down €12,153 (-18.3%), from €66,251 to €54,099
- Financial charges +€5,352
up €5,352 (+29.8%), from €17,986 to €23,338
- Financial income -€1,683
down €1,683 (-12.0%), from €14,073 to €12,390
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 | €1,422,387 | €1,375,977 | -€46,410 | -3.3% |
| Fixed assets | 21/28 | €1,209,931 | €1,155,833 | -€54,099 | -4.5% |
| Tangible fixed assets | 22/27 | €1,209,931 | €1,155,833 | -€54,099 | -4.5% |
| Land and buildings | 22 | €1,209,805 | €1,155,833 | -€53,972 | -4.5% |
| Furniture and vehicles | 24 | €126 | €0 | -€126 | -100.0% |
| Current assets | 29/58 | €212,456 | €220,144 | +€7,689 | +3.6% |
| Amounts receivable within one year | 40/41 | €204,577 | €202,607 | -€1,970 | -1.0% |
| Trade receivables | 40 | €25,410 | €25,410 | = | 0.0% |
| Other amounts receivable | 41 | €179,167 | €177,197 | -€1,970 | -1.1% |
| Cash at bank and in hand | 54/58 | €4,341 | €17,537 | +€13,196 | +304.0% |
| Deferred charges and accrued income | 490/1 | €3,538 | €0 | -€3,538 | -100.0% |
| Total equity and liabilities | 10/49 | €1,422,387 | €1,375,977 | -€46,410 | -3.3% |
| Equity | 10/15 | €436,008 | €436,916 | +€909 | +0.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €311,008 | €311,916 | +€909 | +0.3% |
| Distributable reserves | 133 | €311,008 | €311,916 | +€909 | +0.3% |
| Amounts payable | 17/49 | €986,379 | €939,060 | -€47,319 | -4.8% |
| Amounts payable after more than one year | 17 | €360,199 | €289,827 | -€70,372 | -19.5% |
| Financial debts | 170/4 | €360,199 | €289,827 | -€70,372 | -19.5% |
| Amounts payable within one year | 42/48 | €626,180 | €649,233 | +€23,053 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €69,556 | €70,372 | +€815 | +1.2% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,247 | €4,202 | -€45 | -1.1% |
| Taxes | 450/3 | €4,247 | €4,202 | -€45 | -1.1% |
| Other amounts payable | 47/48 | €427,377 | €449,660 | +€22,283 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,251 | €54,099 | -€12,153 | -18.3% |
| Other operating charges | 640/8 | €4,393 | €4,108 | -€286 | -6.5% |
| Gross operating margin | 9900 | €159,890 | €70,366 | -€89,523 | -56.0% |
| Operating profit (loss) | 9901 | €89,245 | €12,160 | -€77,085 | -86.4% |
| Financial income | 75/76B | €14,073 | €12,390 | -€1,683 | -12.0% |
| Recurring financial income | 75 | €14,073 | €12,390 | -€1,683 | -12.0% |
| Financial charges | 65/66B | €17,986 | €23,338 | +€5,352 | +29.8% |
| Recurring financial charges | 65 | €17,986 | €23,338 | +€5,352 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €85,333 | €1,212 | -€84,121 | -98.6% |
| Income taxes | 67/77 | €21,333 | €303 | -€21,030 | -98.6% |
| Profit (loss) for the period | 9904 | €63,999 | €909 | -€63,091 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,999 | €909 | -€63,091 | -98.6% |
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 6 October 2026 via checked.be.