ULYSSIS: 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.
ULYSSIS
Largest movements
- Receivables within one year -€58,874
down €58,874 (-91.4%), from €64,380 to €5,506
of which Trade receivables: -€58,860
- Cash +€40,287
up €40,287 (+289.8%), from €13,901 to €54,188
mainly Receivables within one year (+€58,874) and Depreciation (+€28,450)
- Tangible fixed assets -€27,897
down €27,897 (-43.6%), from €63,940 to €36,043
of which Other tangible fixed assets: -€17,740
- Contributions -€20,000
down €20,000 (-37.2%), from €53,708 to €33,708
- Current portion of long-term debt -€14,658
down €14,658 (-63.9%), from €22,933 to €8,275
- Debts after one year -€8,275
down €8,275 (-23.9%), from €34,626 to €26,350
- Trade debts -€6,612
down €6,612 (-69.5%), from €9,507 to €2,895
- Other debts +€4,332
up €4,332 (+117.6%), from €3,682 to €8,014
- Depreciation -€11,571
down €11,571 (-28.9%), from €40,021 to €28,450
- Write-downs +€4,507
no longer reported in 2025 (was -€4,507)
- Gross operating margin -€4,161
down €4,161 (-10.7%), from €39,001 to €34,840
- Financial charges -€1,702
down €1,702 (-34.8%), from €4,889 to €3,188
- Other operating charges -€540
down €540 (-18.0%), from €3,002 to €2,462
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 | €152,652 | €105,653 | -€46,999 | -30.8% |
| Fixed assets | 21/28 | €63,940 | €36,043 | -€27,897 | -43.6% |
| Tangible fixed assets | 22/27 | €63,940 | €36,043 | -€27,897 | -43.6% |
| Plant, machinery and equipment | 23 | - | €464 | +€464 | |
| Furniture and vehicles | 24 | €4,617 | €3,819 | -€798 | -17.3% |
| Leasing and similar rights | 25 | €40,370 | €30,546 | -€9,824 | -24.3% |
| Other tangible fixed assets | 26 | €18,954 | €1,215 | -€17,740 | -93.6% |
| Current assets | 29/58 | €88,712 | €69,610 | -€19,102 | -21.5% |
| Stocks and contracts in progress | 3 | €6,145 | €5,983 | -€163 | -2.7% |
| Stocks | 30/36 | €6,145 | €5,983 | -€163 | -2.7% |
| Amounts receivable within one year | 40/41 | €64,380 | €5,506 | -€58,874 | -91.4% |
| Trade receivables | 40 | €64,366 | €5,506 | -€58,860 | -91.4% |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €13,901 | €54,188 | +€40,287 | +289.8% |
| Deferred charges and accrued income | 490/1 | €4,285 | €3,934 | -€352 | -8.2% |
| Total equity and liabilities | 10/49 | €152,652 | €105,653 | -€46,999 | -30.8% |
| Equity | 10/15 | €74,145 | €53,984 | -€20,160 | -27.2% |
| Contributions | 10/11 | €53,708 | €33,708 | -€20,000 | -37.2% |
| Reserves | 13 | €20,437 | €20,276 | -€160 | -0.8% |
| Distributable reserves | 133 | €20,437 | €20,276 | -€160 | -0.8% |
| Amounts payable | 17/49 | €78,507 | €51,669 | -€26,838 | -34.2% |
| Amounts payable after more than one year | 17 | €34,626 | €26,350 | -€8,275 | -23.9% |
| Financial debts | 170/4 | €34,626 | €26,350 | -€8,275 | -23.9% |
| Amounts payable within one year | 42/48 | €43,881 | €25,318 | -€18,563 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €22,933 | €8,275 | -€14,658 | -63.9% |
| Trade debts | 44 | €9,507 | €2,895 | -€6,612 | -69.5% |
| Suppliers | 440/4 | €9,507 | €2,895 | -€6,612 | -69.5% |
| Taxes, remuneration and social security | 45 | €7,759 | €6,134 | -€1,625 | -20.9% |
| Taxes | 450/3 | €7,759 | €6,134 | -€1,625 | -20.9% |
| Other amounts payable | 47/48 | €3,682 | €8,014 | +€4,332 | +117.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,021 | €28,450 | -€11,571 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,507 | - | +€4,507 | |
| Other operating charges | 640/8 | €3,002 | €2,462 | -€540 | -18.0% |
| Gross operating margin | 9900 | €39,001 | €34,840 | -€4,161 | -10.7% |
| Operating profit (loss) | 9901 | €485 | €3,928 | +€3,443 | +709.4% |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.4% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.4% |
| Financial charges | 65/66B | €4,889 | €3,188 | -€1,702 | -34.8% |
| Recurring financial charges | 65 | €4,889 | €3,188 | -€1,702 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,367 | €741 | +€5,108 | |
| Income taxes | 67/77 | €528 | €902 | +€373 | +70.7% |
| Profit (loss) for the period | 9904 | -€4,895 | -€160 | +€4,735 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,895 | -€160 | +€4,735 | +96.7% |
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 30 September 2026 via checked.be.