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
- Receivables within one year +€39,985
up €39,985 (+16.4%), from €243,299 to €283,284
of which Other amounts receivable: +€28,509
- Cash +€22,196
up €22,196 (+11.4%), from €193,886 to €216,082
mainly Tax, wage and social debts (+€48,897) and Net result for the year (+€36,455)
- Tangible fixed assets -€9,005
down €9,005 (-3.1%), from €288,210 to €279,205
of which Land and buildings: -€8,935
- Tax, wage and social debts +€48,897
up €48,897 (+20.5%), from €238,394 to €287,291
of which Remuneration and social security: +€40,278
- Equity +€36,455
up €36,455 (+22.7%), from €160,717 to €197,172
of which Profit (loss) carried forward: +€36,455
- Short-term financial debts -€31,008
down €31,008 (-18.7%), from €166,163 to €135,155
- Staff costs +€158,224
up €158,224 (+10.4%), from €1.5m to €1.7m
- Gross operating margin +€89,426
up €89,426 (+5.4%), from €1.7m to €1.7m
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 | €731,902 | €782,783 | +€50,881 | +7.0% |
| Fixed assets | 21/28 | €291,933 | €279,230 | -€12,703 | -4.4% |
| Tangible fixed assets | 22/27 | €288,210 | €279,205 | -€9,005 | -3.1% |
| Land and buildings | 22 | €287,933 | €278,998 | -€8,935 | -3.1% |
| Furniture and vehicles | 24 | €277 | €207 | -€70 | -25.3% |
| Financial fixed assets | 28 | €3,723 | €25 | -€3,698 | -99.3% |
| Current assets | 29/58 | €439,969 | €503,553 | +€63,584 | +14.5% |
| Amounts receivable within one year | 40/41 | €243,299 | €283,284 | +€39,985 | +16.4% |
| Trade receivables | 40 | €95,369 | €106,845 | +€11,476 | +12.0% |
| Other amounts receivable | 41 | €147,930 | €176,439 | +€28,509 | +19.3% |
| Current investments | 50/53 | €1,344 | €1,354 | +€10 | +0.7% |
| Cash at bank and in hand | 54/58 | €193,886 | €216,082 | +€22,196 | +11.4% |
| Deferred charges and accrued income | 490/1 | €1,440 | €2,833 | +€1,393 | +96.7% |
| Total equity and liabilities | 10/49 | €731,902 | €782,783 | +€50,881 | +7.0% |
| Equity | 10/15 | €160,717 | €197,172 | +€36,455 | +22.7% |
| Contributions | 10/11 | - | €4,832 | +€4,832 | |
| Capital | 10 | - | €4,832 | +€4,832 | |
| Profit (loss) carried forward | 14 | €155,885 | €192,340 | +€36,455 | +23.4% |
| Provisions and deferred taxes | 16 | €110,000 | €110,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €110,000 | €110,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable | 17/49 | €461,185 | €475,611 | +€14,426 | +3.1% |
| Amounts payable within one year | 42/48 | €415,531 | €426,316 | +€10,785 | +2.6% |
| Financial debts | 43 | €166,163 | €135,155 | -€31,008 | -18.7% |
| Other loans | 439 | €166,163 | €135,155 | -€31,008 | -18.7% |
| Trade debts | 44 | €10,974 | €3,870 | -€7,104 | -64.7% |
| Suppliers | 440/4 | €10,974 | €3,870 | -€7,104 | -64.7% |
| Taxes, remuneration and social security | 45 | €238,394 | €287,291 | +€48,897 | +20.5% |
| Taxes | 450/3 | €19,362 | €27,981 | +€8,619 | +44.5% |
| Remuneration and social security | 454/9 | €219,032 | €259,310 | +€40,278 | +18.4% |
| Accrued charges and deferred income | 492/3 | €45,654 | €49,295 | +€3,641 | +8.0% |
| Turnover | 70 | €180,816 | €177,880 | -€2,936 | -1.6% |
| Non-recurring operating income | 76A | €15,842 | €5,453 | -€10,389 | -65.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,134 | €138,669 | +€535 | +0.4% |
| Remuneration, social security and pensions | 62 | €1,519,227 | €1,677,451 | +€158,224 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,988 | €9,005 | -€983 | -9.8% |
| Other operating charges | 640/8 | - | €3,728 | +€3,728 | |
| Non-recurring operating charges | 66A | €4,897 | €17,287 | +€12,390 | +253.0% |
| Gross operating margin | 9900 | €1,654,599 | €1,744,025 | +€89,426 | +5.4% |
| Operating profit (loss) | 9901 | €10,487 | €36,554 | +€26,067 | +248.6% |
| Financial income | 75/76B | €19 | €11 | -€8 | -42.1% |
| Recurring financial income | 75 | €19 | €11 | -€8 | -42.1% |
| Financial charges | 65/66B | €176 | €110 | -€66 | -37.5% |
| Recurring financial charges | 65 | €176 | €110 | -€66 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €10,330 | €36,455 | +€26,125 | +252.9% |
| Profit (loss) for the period | 9904 | €10,330 | €36,455 | +€26,125 | +252.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,330 | €36,455 | +€26,125 | +252.9% |
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 30 September 2026 via checked.be.