ULYSSES: 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.
What changed
ULYSSES
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€16,257
2024 · €644,358-€628,101
Equity
€3.5m
2024 · €3.5m+€16,257
Cash
€155,725
2024 · €76,529+€79,196
Balance sheet total
€10.3m
2024 · €6.6m+€3.7m
Largest movements
Assets
- Financial fixed assets +€3.7m
up €3.7m (+60.0%), from €6.2m to €10.0m
Equity and liabilities
- Debts after one year +€3.5m
up €3.5m (+142.1%), from €2.4m to €5.9m
- Other debts +€164,889
up €164,889 (+231.5%), from €71,212 to €236,101
Income statement
- Financial income -€500,234
down €500,234 (-100.0%), from €500,234 to €0
- Financial charges +€166,236
up €166,236 (+184.5%), from €90,124 to €256,361
- Taxes -€37,531
down €37,531 (-67.1%), from €55,919 to €18,389
of which Taxes: -€45,758
- Turnover +€6,098
up €6,098 (+1.3%), from €459,996 to €466,094
- Services and other goods +€6,087
up €6,087 (+4.6%), from €131,140 to €137,227
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.
Result 2024
€644,358
Turnover
+€6,098
Other operating income
-€359
Services and other goods
-€6,087
Depreciation
+€367
Other operating charges
+€820
Financial income
-€500,234
Financial charges
-€166,236
Taxes
+€37,531
Result 2025
€16,257
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.
From operations
+€356,281
Investment
-€3.7m
Financing
+€3.5m
Cash 2024
€76,529
From operations (derived)
+€356,281
Net result for the year
+€16,257
Depreciation
+€41,857
Receivables within one year
+€77,355
Smaller working-capital items
+€3,411
Tax, wage and social debts
+€52,511
Other debts
+€164,889
Investment (derived)
-€3.7m
Investment in fixed assets (net)
-€3.7m
Financing
+€3.5m
Debts after one year
+€3.5m
Cash 2025
€155,725
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,617,950 | €10,320,336 | +€3.7m | +55.9% |
| Fixed assets | 21/28 | €6,370,513 | €10,071,106 | +€3.7m | +58.1% |
| Tangible fixed assets | 22/27 | €128,063 | €86,206 | -€41,857 | -32.7% |
| Plant, machinery and equipment | 23 | €14,044 | €9,729 | -€4,315 | -30.7% |
| Furniture and vehicles | 24 | €114,019 | €76,477 | -€37,542 | -32.9% |
| Financial fixed assets | 28 | €6,242,450 | €9,984,900 | +€3.7m | +60.0% |
| Affiliated companies | 280/1 | €6,242,450 | €9,984,900 | +€3.7m | +60.0% |
| Participating interests | 280 | €6,242,450 | €9,984,900 | +€3.7m | +60.0% |
| Current assets | 29/58 | €247,437 | €249,231 | +€1,794 | +0.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €167,349 | €89,994 | -€77,355 | -46.2% |
| Trade receivables | 40 | €92,766 | €46,383 | -€46,383 | -50.0% |
| Other amounts receivable | 41 | €74,583 | €43,611 | -€30,972 | -41.5% |
| Cash at bank and in hand | 54/58 | €76,529 | €155,725 | +€79,196 | +103.5% |
| Deferred charges and accrued income | 490/1 | €3,559 | €3,512 | -€47 | -1.3% |
| Total equity and liabilities | 10/49 | €6,617,950 | €10,320,336 | +€3.7m | +55.9% |
| Equity | 10/15 | €3,495,865 | €3,512,122 | +€16,257 | +0.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,427,315 | €3,443,572 | +€16,257 | +0.5% |
| Amounts payable | 17/49 | €3,122,085 | €6,808,214 | +€3.7m | +118.1% |
| Amounts payable after more than one year | 17 | €2,439,308 | €5,904,672 | +€3.5m | +142.1% |
| Financial debts | 170/4 | €2,439,308 | €5,904,672 | +€3.5m | +142.1% |
| Subordinated loans | 170 | €78,000 | €4,078,000 | +€4.0m | +5128.2% |
| Credit institutions | 173 | €2,361,308 | €1,826,672 | -€534,636 | -22.6% |
| Amounts payable within one year | 42/48 | €682,115 | €901,005 | +€218,890 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €579,189 | €579,189 | = | 0.0% |
| Trade debts | 44 | €3,168 | €4,658 | +€1,490 | +47.0% |
| Suppliers | 440/4 | €3,168 | €4,658 | +€1,490 | +47.0% |
| Taxes, remuneration and social security | 45 | €28,546 | €81,058 | +€52,511 | +184.0% |
| Taxes | 450/3 | €28,546 | €81,058 | +€52,511 | +184.0% |
| Other amounts payable | 47/48 | €71,212 | €236,101 | +€164,889 | +231.5% |
| Accrued charges and deferred income | 492/3 | €662 | €2,537 | +€1,874 | +283.1% |
| Operating income | 70/76A | €467,070 | €472,808 | +€5,738 | +1.2% |
| Turnover | 70 | €459,996 | €466,094 | +€6,098 | +1.3% |
| Other operating income | 74 | €7,074 | €6,715 | -€359 | -5.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €176,902 | €181,801 | +€4,899 | +2.8% |
| Services and other goods | 61 | €131,140 | €137,227 | +€6,087 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,225 | €41,857 | -€367 | -0.9% |
| Other operating charges | 640/8 | €3,538 | €2,717 | -€820 | -23.2% |
| Operating profit (loss) | 9901 | €290,168 | €291,007 | +€839 | +0.3% |
| Financial income | 75/76B | €500,234 | €0 | -€500,234 | -100.0% |
| Recurring financial income | 75 | €500,234 | €0 | -€500,234 | -100.0% |
| Income from financial fixed assets | 750 | €500,000 | €0 | -€500,000 | -100.0% |
| Income from current assets | 751 | €234 | €0 | -€234 | -100.0% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €90,124 | €256,361 | +€166,236 | +184.5% |
| Recurring financial charges | 65 | €90,124 | €256,361 | +€166,236 | +184.5% |
| Debt charges | 650 | €89,358 | €255,586 | +€166,227 | +186.0% |
| Other financial charges | 652/9 | €766 | €775 | +€9 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €700,278 | €34,646 | -€665,631 | -95.1% |
| Income taxes | 67/77 | €55,919 | €18,389 | -€37,531 | -67.1% |
| Taxes | 670/3 | €64,147 | €18,389 | -€45,758 | -71.3% |
| Tax adjustments and reversals of tax provisions | 77 | €8,227 | €0 | -€8,227 | -100.0% |
| Profit (loss) for the period | 9904 | €644,358 | €16,257 | -€628,101 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €644,358 | €16,257 | -€628,101 | -97.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.