U-TOPIC: 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.
U-TOPIC
Largest movements
- Tangible fixed assets -€9,002
down €9,002 (-18.6%), from €48,286 to €39,283
- Receivables within one year +€7,045
up €7,045 (+30.1%), from €23,438 to €30,483
of which Other amounts receivable: +€4,639
- Intangible fixed assets -€6,890
down €6,890 (-40.2%), from €17,146 to €10,256
- Cash +€3,746
up €3,746 (+23.6%), from €15,870 to €19,615
mainly Net result for the year (+€26,527) and Depreciation (+€26,105)
- Profit (loss) carried forward +€26,527
up €26,527 (+68.3%), from €38,827 to €65,354
- Other debts -€19,419
down €19,419 (-55.9%), from €34,755 to €15,336
- Investment grants -€6,909
down €6,909 (-65.2%), from €10,590 to €3,681
- Debts after one year -€4,451
down €4,451 (-35.1%), from €12,681 to €8,230
- Tax, wage and social debts -€2,350
no longer reported in 2025 (was €2,350)
- Gross operating margin +€25,807
up €25,807 (+79.2%), from €32,600 to €58,407
- Depreciation +€9,651
up €9,651 (+58.7%), from €16,454 to €26,105
- Taxes +€5,594
up €5,594 (+116.8%), from €4,791 to €10,385
- Other operating charges +€711
up €711 (+100.9%), from €704 to €1,416
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 | €109,116 | €104,860 | -€4,256 | -3.9% |
| Fixed assets | 21/28 | €65,432 | €49,539 | -€15,893 | -24.3% |
| Intangible fixed assets | 21 | €17,146 | €10,256 | -€6,890 | -40.2% |
| Tangible fixed assets | 22/27 | €48,286 | €39,283 | -€9,002 | -18.6% |
| Furniture and vehicles | 24 | €48,286 | €39,283 | -€9,002 | -18.6% |
| Current assets | 29/58 | €43,684 | €55,321 | +€11,637 | +26.6% |
| Amounts receivable within one year | 40/41 | €23,438 | €30,483 | +€7,045 | +30.1% |
| Trade receivables | 40 | €22,777 | €25,183 | +€2,406 | +10.6% |
| Other amounts receivable | 41 | €661 | €5,300 | +€4,639 | +701.9% |
| Cash at bank and in hand | 54/58 | €15,870 | €19,615 | +€3,746 | +23.6% |
| Deferred charges and accrued income | 490/1 | €4,376 | €5,223 | +€847 | +19.3% |
| Total equity and liabilities | 10/49 | €109,116 | €104,860 | -€4,256 | -3.9% |
| Equity | 10/15 | €52,417 | €72,035 | +€19,618 | +37.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,827 | €65,354 | +€26,527 | +68.3% |
| Investment grants | 15 | €10,590 | €3,681 | -€6,909 | -65.2% |
| Amounts payable | 17/49 | €56,699 | €32,825 | -€23,874 | -42.1% |
| Amounts payable after more than one year | 17 | €12,681 | €8,230 | -€4,451 | -35.1% |
| Financial debts | 170/4 | €12,681 | €8,230 | -€4,451 | -35.1% |
| Amounts payable within one year | 42/48 | €44,018 | €24,595 | -€19,423 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €4,276 | €4,451 | +€174 | +4.1% |
| Financial debts | 43 | €45 | - | -€45 | |
| Credit institutions | 430/8 | €45 | - | -€45 | |
| Trade debts | 44 | €676 | €1,919 | +€1,243 | +184.0% |
| Suppliers | 440/4 | €676 | €1,919 | +€1,243 | +184.0% |
| Advances received on contracts in progress | 46 | €1,916 | €2,890 | +€974 | +50.8% |
| Taxes, remuneration and social security | 45 | €2,350 | - | -€2,350 | |
| Taxes | 450/3 | €2,350 | - | -€2,350 | |
| Other amounts payable | 47/48 | €34,755 | €15,336 | -€19,419 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,454 | €26,105 | +€9,651 | +58.7% |
| Other operating charges | 640/8 | €704 | €1,416 | +€711 | +100.9% |
| Non-recurring operating charges | 66A | €336 | - | -€336 | |
| Gross operating margin | 9900 | €32,600 | €58,407 | +€25,807 | +79.2% |
| Operating profit (loss) | 9901 | €15,105 | €30,887 | +€15,782 | +104.5% |
| Financial income | 75/76B | €6,909 | €6,909 | = | 0.0% |
| Recurring financial income | 75 | €6,909 | €6,909 | = | 0.0% |
| Financial charges | 65/66B | €576 | €883 | +€307 | +53.3% |
| Recurring financial charges | 65 | €576 | €883 | +€307 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €21,437 | €36,912 | +€15,475 | +72.2% |
| Income taxes | 67/77 | €4,791 | €10,385 | +€5,594 | +116.8% |
| Profit (loss) for the period | 9904 | €16,646 | €26,527 | +€9,881 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,646 | €26,527 | +€9,881 | +59.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.