In Utero: 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.
In Utero
Largest movements
- Tangible fixed assets -€70,277
down €70,277 (-4.9%), from €1.4m to €1.4m
of which Land and buildings: -€68,350
- Receivables within one year -€17,467
down €17,467 (-14.8%), from €118,195 to €100,728
- Debts after one year -€109,080
down €109,080 (-7.6%), from €1.4m to €1.3m
- Other debts +€16,467
up €16,467 (+21.1%), from €78,029 to €94,497
- Financial charges -€1,400
down €1,400 (-7.2%), from €19,363 to €17,963
- Gross operating margin +€1,024
up €1,024 (+1.1%), from €96,290 to €97,314
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 | €1,566,709 | €1,482,228 | -€84,481 | -5.4% |
| Fixed assets | 21/28 | €1,434,821 | €1,364,544 | -€70,277 | -4.9% |
| Tangible fixed assets | 22/27 | €1,434,821 | €1,364,544 | -€70,277 | -4.9% |
| Land and buildings | 22 | €1,419,404 | €1,351,054 | -€68,350 | -4.8% |
| Furniture and vehicles | 24 | €15,417 | €13,490 | -€1,927 | -12.5% |
| Current assets | 29/58 | €131,888 | €117,684 | -€14,204 | -10.8% |
| Amounts receivable within one year | 40/41 | €118,195 | €100,728 | -€17,467 | -14.8% |
| Other amounts receivable | 41 | €118,195 | €100,728 | -€17,467 | -14.8% |
| Cash at bank and in hand | 54/58 | €13,693 | €16,956 | +€3,263 | +23.8% |
| Total equity and liabilities | 10/49 | €1,566,709 | €1,482,228 | -€84,481 | -5.4% |
| Equity | 10/15 | -€71,631 | -€63,946 | +€7,685 | +10.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,631 | -€93,946 | +€7,685 | +7.6% |
| Amounts payable | 17/49 | €1,638,340 | €1,546,174 | -€92,167 | -5.6% |
| Amounts payable after more than one year | 17 | €1,442,726 | €1,333,646 | -€109,080 | -7.6% |
| Financial debts | 170/4 | €1,442,726 | €1,333,646 | -€109,080 | -7.6% |
| Amounts payable within one year | 42/48 | €184,595 | €202,774 | +€18,179 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €101,036 | €102,371 | +€1,335 | +1.3% |
| Trade debts | 44 | €5,529 | €5,906 | +€377 | +6.8% |
| Suppliers | 440/4 | €5,529 | €5,906 | +€377 | +6.8% |
| Other amounts payable | 47/48 | €78,029 | €94,497 | +€16,467 | +21.1% |
| Accrued charges and deferred income | 492/3 | €11,019 | €9,754 | -€1,266 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,277 | €70,277 | = | 0.0% |
| Other operating charges | 640/8 | €1,218 | €1,388 | +€171 | +14.0% |
| Gross operating margin | 9900 | €96,290 | €97,314 | +€1,024 | +1.1% |
| Operating profit (loss) | 9901 | €24,795 | €25,648 | +€853 | +3.4% |
| Financial charges | 65/66B | €19,363 | €17,963 | -€1,400 | -7.2% |
| Recurring financial charges | 65 | €19,363 | €17,963 | -€1,400 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €5,432 | €7,685 | +€2,253 | +41.5% |
| Profit (loss) for the period | 9904 | €5,432 | €7,685 | +€2,253 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,432 | €7,685 | +€2,253 | +41.5% |
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.