U.T.S.: 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.
What changed
U.T.S.
NACE 77.110, Renting and leasing of cars and light motor vehicles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€16,325
2024 · €219,363-€203,037
Equity
€5.3m
2024 · €5.2m+€16,325
Cash
€3,122
2024 · €8,623-€5,501
Balance sheet total
€11.2m
2024 · €10.2m+€1.0m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+23.3%), from €5.6m to €6.9m
of which Furniture and vehicles: +€1.3m
- Current investments -€625,000
no longer reported in 2025 (was €625,000)
- Receivables within one year +€376,288
up €376,288 (+87.7%), from €429,284 to €805,572
of which Other amounts receivable: +€214,218
Equity and liabilities
- Advances received +€1.2m
up €1.2m (+147%), from €790,000 to €2.0m
- Debts after one year -€491,330
down €491,330 (-41.9%), from €1.2m to €682,239
- Trade debts +€409,869
up €409,869 (+20.4%), from €2.0m to €2.4m
Income statement
- Turnover +€473,069
up €473,069 (+11.9%), from €4.0m to €4.5m
- Depreciation +€267,354
up €267,354 (+16.8%), from €1.6m to €1.9m
- Services and other goods +€230,385
up €230,385 (+9.2%), from €2.5m to €2.7m
- Other operating income -€206,735
down €206,735 (-37.8%), from €546,802 to €340,067
- Taxes -€67,311
down €67,311 (-92.1%), from €73,121 to €5,810
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
€219,363
Turnover
+€473,069
Other operating income
-€206,735
Services and other goods
-€230,385
Depreciation
-€267,354
Other operating charges
-€9,859
Other operating items
-€19,334
Financial income
+€4,657
Financial charges
-€14,407
Taxes
+€67,311
Result 2025
€16,325
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.0m
Investment
-€2.5m
Financing
-€474,408
Cash 2024
€8,623
From operations (derived)
+€3.0m
Net result for the year
+€16,325
Depreciation
+€1.9m
Receivables within one year
-€376,288
Trade debts
+€409,869
Tax, wage and social debts
-€92,759
Advances received
+€1.2m
Other debts
+€906
Accrued charges and deferred income
+€23,869
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€3.2m
Current investments
+€625,000
Financing
-€474,408
Debts after one year
-€491,330
Current portion of long-term debt
+€16,922
Cash 2025
€3,122
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,200,825 | €11,244,628 | +€1.0m | +10.2% |
| Fixed assets | 21/28 | €9,137,919 | €10,435,934 | +€1.3m | +14.2% |
| Tangible fixed assets | 22/27 | €5,571,889 | €6,869,904 | +€1.3m | +23.3% |
| Plant, machinery and equipment | 23 | €170,597 | €171,265 | +€667 | +0.4% |
| Furniture and vehicles | 24 | €5,401,292 | €6,698,640 | +€1.3m | +24.0% |
| Financial fixed assets | 28 | €3,566,029 | €3,566,029 | = | 0.0% |
| Affiliated companies | 280/1 | €3,566,029 | €3,566,029 | = | 0.0% |
| Participating interests | 280 | €566,029 | €566,029 | = | 0.0% |
| Amounts receivable | 281 | €3,000,000 | €3,000,000 | = | 0.0% |
| Current assets | 29/58 | €1,062,907 | €808,694 | -€254,213 | -23.9% |
| Amounts receivable within one year | 40/41 | €429,284 | €805,572 | +€376,288 | +87.7% |
| Trade receivables | 40 | €105,841 | €267,911 | +€162,070 | +153% |
| Other amounts receivable | 41 | €323,443 | €537,661 | +€214,218 | +66.2% |
| Current investments | 50/53 | €625,000 | - | -€625,000 | |
| Other investments | 51/53 | €625,000 | - | -€625,000 | |
| Cash at bank and in hand | 54/58 | €8,623 | €3,122 | -€5,501 | -63.8% |
| Total equity and liabilities | 10/49 | €10,200,825 | €11,244,628 | +€1.0m | +10.2% |
| Equity | 10/15 | €5,241,354 | €5,257,680 | +€16,325 | +0.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €780,791 | €780,791 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,541 | €44,541 | = | 0.0% |
| Distributable reserves | 133 | €730,000 | €730,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,398,063 | €4,414,389 | +€16,325 | +0.4% |
| Provisions and deferred taxes | 16 | €68,794 | €68,794 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €68,794 | €68,794 | = | 0.0% |
| Pensions and similar obligations | 160 | €68,794 | €68,794 | = | 0.0% |
| Amounts payable | 17/49 | €4,890,677 | €5,918,154 | +€1.0m | +21.0% |
| Amounts payable after more than one year | 17 | €1,173,569 | €682,239 | -€491,330 | -41.9% |
| Financial debts | 170/4 | €1,173,569 | €682,239 | -€491,330 | -41.9% |
| Credit institutions | 173 | €1,173,569 | €682,239 | -€491,330 | -41.9% |
| Amounts payable within one year | 42/48 | €3,429,493 | €4,924,430 | +€1.5m | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €474,408 | €491,330 | +€16,922 | +3.6% |
| Trade debts | 44 | €2,009,777 | €2,419,647 | +€409,869 | +20.4% |
| Suppliers | 440/4 | €2,009,777 | €2,419,647 | +€409,869 | +20.4% |
| Advances received on contracts in progress | 46 | €790,000 | €1,950,000 | +€1.2m | +147% |
| Taxes, remuneration and social security | 45 | €149,807 | €57,048 | -€92,759 | -61.9% |
| Taxes | 450/3 | €149,807 | €57,048 | -€92,759 | -61.9% |
| Other amounts payable | 47/48 | €5,500 | €6,406 | +€906 | +16.5% |
| Accrued charges and deferred income | 492/3 | €287,615 | €311,484 | +€23,869 | +8.3% |
| Operating income | 70/76A | €4,523,914 | €4,790,248 | +€266,334 | +5.9% |
| Turnover | 70 | €3,977,112 | €4,450,181 | +€473,069 | +11.9% |
| Other operating income | 74 | €546,802 | €340,067 | -€206,735 | -37.8% |
| Operating charges | 60/66A | €4,227,099 | €4,754,031 | +€526,932 | +12.5% |
| Services and other goods | 61 | €2,509,296 | €2,739,681 | +€230,385 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,591,456 | €1,858,810 | +€267,354 | +16.8% |
| Other operating charges | 640/8 | €121,677 | €131,537 | +€9,859 | +8.1% |
| Non-recurring operating charges | 66A | €4,670 | €24,003 | +€19,334 | +414% |
| Operating profit (loss) | 9901 | €296,815 | €36,217 | -€260,598 | -87.8% |
| Financial income | 75/76B | €36,150 | €40,807 | +€4,657 | +12.9% |
| Recurring financial income | 75 | €36,150 | €40,807 | +€4,657 | +12.9% |
| Income from financial fixed assets | 750 | €36,150 | €40,807 | +€4,657 | +12.9% |
| Financial charges | 65/66B | €40,482 | €54,889 | +€14,407 | +35.6% |
| Recurring financial charges | 65 | €40,482 | €54,889 | +€14,407 | +35.6% |
| Debt charges | 650 | €39,823 | €54,053 | +€14,229 | +35.7% |
| Other financial charges | 652/9 | €659 | €836 | +€178 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €292,484 | €22,135 | -€270,348 | -92.4% |
| Income taxes | 67/77 | €73,121 | €5,810 | -€67,311 | -92.1% |
| Taxes | 670/3 | €73,121 | €5,810 | -€67,311 | -92.1% |
| Profit (loss) for the period | 9904 | €219,363 | €16,325 | -€203,037 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €219,363 | €16,325 | -€203,037 | -92.6% |
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 28 October 2026 via checked.be.