URS.ULE Projects: 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.
URS.ULE Projects
Largest movements
- Tangible fixed assets +€10,179
up €10,179 (+90.2%), from €11,288 to €21,467
of which Plant, machinery and equipment: +€11,429
- Receivables within one year -€5,336
down €5,336 (-51.3%), from €10,402 to €5,066
of which Other amounts receivable: -€4,118
- Cash -€456
down €456 (-19.2%), from €2,369 to €1,913
mainly Investment in fixed assets (net) (-€15,064) and Trade debts (-€2,450)
- Other debts +€6,185
new in 2024: €6,185
- Trade debts -€2,450
down €2,450 (-25.2%), from €9,742 to €7,292
- Profit (loss) carried forward +€1,034
up €1,034 (+26.3%), from €3,936 to €4,970
- Tax, wage and social debts -€396
no longer reported in 2024 (was €396)
- Gross operating margin +€2,477
up €2,477 (+61.6%), from €4,024 to €6,500
- Depreciation +€2,352
up €2,352 (+92.9%), from €2,532 to €4,884
- Other operating charges +€396
up €396 (+495%), from €80 to €476
- Taxes -€376
no longer reported in 2024 (was €376)
- Financial income -€259
down €259 (-99.9%), from €259 to €0
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.
Derived cash bridge
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 | €24,074 | €28,447 | +€4,373 | +18.2% |
| Fixed assets | 21/28 | €11,288 | €21,467 | +€10,179 | +90.2% |
| Tangible fixed assets | 22/27 | €11,288 | €21,467 | +€10,179 | +90.2% |
| Plant, machinery and equipment | 23 | €8,750 | €20,180 | +€11,429 | +131% |
| Furniture and vehicles | 24 | €2,538 | €1,288 | -€1,250 | -49.3% |
| Current assets | 29/58 | €12,786 | €6,979 | -€5,806 | -45.4% |
| Amounts receivable within one year | 40/41 | €10,402 | €5,066 | -€5,336 | -51.3% |
| Trade receivables | 40 | €5,620 | €4,402 | -€1,218 | -21.7% |
| Other amounts receivable | 41 | €4,782 | €664 | -€4,118 | -86.1% |
| Cash at bank and in hand | 54/58 | €2,369 | €1,913 | -€456 | -19.2% |
| Deferred charges and accrued income | 490/1 | €15 | - | -€15 | |
| Total equity and liabilities | 10/49 | €24,074 | €28,447 | +€4,373 | +18.2% |
| Equity | 10/15 | €13,936 | €14,970 | +€1,034 | +7.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,936 | €4,970 | +€1,034 | +26.3% |
| Amounts payable | 17/49 | €10,138 | €13,477 | +€3,339 | +32.9% |
| Amounts payable within one year | 42/48 | €10,138 | €13,477 | +€3,339 | +32.9% |
| Trade debts | 44 | €9,742 | €7,292 | -€2,450 | -25.2% |
| Suppliers | 440/4 | €9,742 | €7,292 | -€2,450 | -25.2% |
| Taxes, remuneration and social security | 45 | €396 | - | -€396 | |
| Taxes | 450/3 | €396 | - | -€396 | |
| Other amounts payable | 47/48 | - | €6,185 | +€6,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,532 | €4,884 | +€2,352 | +92.9% |
| Other operating charges | 640/8 | €80 | €476 | +€396 | +495% |
| Gross operating margin | 9900 | €4,024 | €6,500 | +€2,477 | +61.6% |
| Operating profit (loss) | 9901 | €1,411 | €1,140 | -€271 | -19.2% |
| Financial income | 75/76B | €259 | €0 | -€259 | -99.9% |
| Recurring financial income | 75 | €259 | €0 | -€259 | -99.9% |
| Financial charges | 65/66B | €222 | €106 | -€116 | -52.1% |
| Recurring financial charges | 65 | €222 | €106 | -€116 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €1,448 | €1,034 | -€414 | -28.6% |
| Income taxes | 67/77 | €376 | - | -€376 | |
| Profit (loss) for the period | 9904 | €1,072 | €1,034 | -€38 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,072 | €1,034 | -€38 | -3.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.