Ulysse Management: 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 Management
Largest movements
- Tangible fixed assets +€12,230
up €12,230 (+3,530%), from €346 to €12,576
- Cash +€9,903
up €9,903 (+71.8%), from €13,786 to €23,689
mainly Net result for the year (+€22,012) and Depreciation (+€1,265)
- Receivables within one year +€1,864
up €1,864 (+35.8%), from €5,209 to €7,073
- Reserves +€22,012
up €22,012 (+105%), from €21,033 to €43,045
- Trade debts +€1,061
up €1,061 (+1,292%), from €82 to €1,143
- Tax, wage and social debts +€1,037
up €1,037 (+33.3%), from €3,114 to €4,150
- Financial income +€15,191
up €15,191 (+224%), from €6,767 to €21,958
- Taxes +€1,611
up €1,611 (+50.9%), from €3,164 to €4,775
- Depreciation +€1,125
up €1,125 (+800%), from €141 to €1,265
- Gross operating margin +€505
up €505 (+7.9%), from €6,351 to €6,855
- Financial charges -€326
down €326 (-47.4%), from €687 to €361
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 | €25,229 | €49,339 | +€24,110 | +95.6% |
| Fixed assets | 21/28 | €3,500 | €15,730 | +€12,230 | +349% |
| Tangible fixed assets | 22/27 | €346 | €12,576 | +€12,230 | +3,530% |
| Furniture and vehicles | 24 | €346 | €12,576 | +€12,230 | +3,530% |
| Financial fixed assets | 28 | €3,153 | €3,153 | = | 0.0% |
| Current assets | 29/58 | €21,729 | €33,609 | +€11,880 | +54.7% |
| Amounts receivable within one year | 40/41 | €5,209 | €7,073 | +€1,864 | +35.8% |
| Other amounts receivable | 41 | €5,209 | €7,073 | +€1,864 | +35.8% |
| Cash at bank and in hand | 54/58 | €13,786 | €23,689 | +€9,903 | +71.8% |
| Deferred charges and accrued income | 490/1 | €2,735 | €2,847 | +€113 | +4.1% |
| Total equity and liabilities | 10/49 | €25,229 | €49,339 | +€24,110 | +95.6% |
| Equity | 10/15 | €22,033 | €44,045 | +€22,012 | +99.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,033 | €43,045 | +€22,012 | +105% |
| Distributable reserves | 133 | €21,033 | €43,045 | +€22,012 | +105% |
| Amounts payable | 17/49 | €3,196 | €5,294 | +€2,098 | +65.6% |
| Amounts payable within one year | 42/48 | €3,196 | €5,294 | +€2,098 | +65.6% |
| Trade debts | 44 | €82 | €1,143 | +€1,061 | +1,292% |
| Suppliers | 440/4 | €82 | €1,143 | +€1,061 | +1,292% |
| Taxes, remuneration and social security | 45 | €3,114 | €4,150 | +€1,037 | +33.3% |
| Taxes | 450/3 | €3,114 | €4,150 | +€1,037 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €1,265 | +€1,125 | +800% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €6,351 | €6,855 | +€505 | +7.9% |
| Operating profit (loss) | 9901 | €5,823 | €5,191 | -€632 | -10.9% |
| Financial income | 75/76B | €6,767 | €21,958 | +€15,191 | +224% |
| Recurring financial income | 75 | €6,767 | €21,958 | +€15,191 | +224% |
| Financial charges | 65/66B | €687 | €361 | -€326 | -47.4% |
| Recurring financial charges | 65 | €687 | €361 | -€326 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €11,903 | €26,787 | +€14,884 | +125% |
| Income taxes | 67/77 | €3,164 | €4,775 | +€1,611 | +50.9% |
| Profit (loss) for the period | 9904 | €8,739 | €22,012 | +€13,273 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €8,739 | €22,012 | +€13,273 | +152% |
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 21 October 2026 via checked.be.