ULYSSE FINANCES: what changed
Two financial 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 FINANCES
Largest movements
- Tangible fixed assets -€20,935
down €20,935 (-13.4%), from €156,201 to €135,265
- Intangible fixed assets -€20,576
down €20,576 (-50.2%), from €40,977 to €20,400
- Receivables within one year +€16,662
up €16,662 (+12.4%), from €134,846 to €151,509
of which Trade receivables: +€19,537
- Trade debts -€39,597
down €39,597 (-95.7%), from €41,358 to €1,762
- Profit (loss) carried forward +€28,759
up €28,759 (+43.7%), from €65,735 to €94,493
- Other debts -€21,106
down €21,106 (-44.3%), from €47,611 to €26,505
- Tax, wage and social debts +€10,763
up €10,763 (+17.6%), from €61,071 to €71,834
of which Taxes: +€14,030
- Current portion of long-term debt -€5,863
down €5,863 (-14.6%), from €40,214 to €34,351
- Turnover +€345,160
new in 2025: €345,160
- Purchases and services +€93,756
new in 2025: €93,756
- Staff costs -€35,420
down €35,420 (-17.0%), from €208,569 to €173,149
- Gross operating margin -€22,004
down €22,004 (-8.0%), from €276,742 to €254,738
- Other operating charges -€12,761
down €12,761 (-94.4%), from €13,518 to €757
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.
Derived cash bridge
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 | €348,312 | €321,503 | -€26,809 | -7.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €200,277 | €158,766 | -€41,512 | -20.7% |
| Intangible fixed assets | 21 | €40,977 | €20,400 | -€20,576 | -50.2% |
| Tangible fixed assets | 22/27 | €156,201 | €135,265 | -€20,935 | -13.4% |
| Land and buildings | 22 | €132,244 | €126,014 | -€6,229 | -4.7% |
| Plant, machinery and equipment | 23 | €5,506 | €5,506 | = | 0.0% |
| Furniture and vehicles | 24 | €13,551 | €3,745 | -€9,806 | -72.4% |
| Assets under construction and advance payments | 27 | €4,900 | €0 | -€4,900 | -100% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €148,035 | €162,737 | +€14,703 | +9.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €134,846 | €151,509 | +€16,662 | +12.4% |
| Trade receivables | 40 | €121,359 | €140,896 | +€19,537 | +16.1% |
| Other amounts receivable | 41 | €13,487 | €10,613 | -€2,874 | -21.3% |
| Cash at bank and in hand | 54/58 | €12,750 | €11,229 | -€1,521 | -11.9% |
| Deferred charges and accrued income | 490/1 | €438 | €0 | -€438 | -100% |
| Total equity and liabilities | 10/49 | €348,312 | €321,503 | -€26,809 | -7.7% |
| Equity | 10/15 | €86,195 | €114,953 | +€28,759 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,735 | €94,493 | +€28,759 | +43.7% |
| Amounts payable | 17/49 | €262,117 | €206,550 | -€55,568 | -21.2% |
| Amounts payable after more than one year | 17 | €71,863 | €72,099 | +€235 | +0.3% |
| Financial debts | 170/4 | €50,658 | €16,307 | -€34,351 | -67.8% |
| Other amounts payable | 178/9 | €21,205 | €55,791 | +€34,586 | +163% |
| Amounts payable within one year | 42/48 | €190,254 | €134,451 | -€55,803 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €40,214 | €34,351 | -€5,863 | -14.6% |
| Trade debts | 44 | €41,358 | €1,762 | -€39,597 | -95.7% |
| Suppliers | 440/4 | €41,358 | €1,762 | -€39,597 | -95.7% |
| Taxes, remuneration and social security | 45 | €61,071 | €71,834 | +€10,763 | +17.6% |
| Taxes | 450/3 | €37,270 | €51,300 | +€14,030 | +37.6% |
| Remuneration and social security | 454/9 | €23,801 | €20,533 | -€3,267 | -13.7% |
| Other amounts payable | 47/48 | €47,611 | €26,505 | -€21,106 | -44.3% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €345,160 | +€345,160 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €93,756 | +€93,756 | |
| Remuneration, social security and pensions | 62 | €208,569 | €173,149 | -€35,420 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,941 | €36,612 | -€6,330 | -14.7% |
| Other operating charges | 640/8 | €13,518 | €757 | -€12,761 | -94.4% |
| Gross operating margin | 9900 | €276,742 | €254,738 | -€22,004 | -8.0% |
| Operating profit (loss) | 9901 | €11,713 | €44,219 | +€32,507 | +278% |
| Financial income | 75/76B | €1,641 | €70 | -€1,571 | -95.8% |
| Recurring financial income | 75 | €1,641 | €70 | -€1,571 | -95.8% |
| Financial charges | 65/66B | €6,522 | €3,989 | -€2,533 | -38.8% |
| Recurring financial charges | 65 | €6,522 | €3,989 | -€2,533 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €6,831 | €40,300 | +€33,469 | +490% |
| Income taxes | 67/77 | €4,803 | €11,541 | +€6,738 | +140% |
| Profit (loss) for the period | 9904 | €2,028 | €28,759 | +€26,731 | +1,318% |
| Profit (loss) for the period to be appropriated | 9905 | €2,028 | €28,759 | +€26,731 | +1,318% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.