UT IM: 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.
UT IM
Largest movements
- Tangible fixed assets -€19,567
down €19,567 (-3.5%), from €558,910 to €539,343
- Receivables within one year +€6,167
new in 2025: €6,167
- Debts after one year -€30,645
down €30,645 (-8.1%), from €379,698 to €349,053
- Other debts +€7,571
up €7,571 (+8.9%), from €85,425 to €92,997
- Profit (loss) carried forward +€7,356
up €7,356 (+17.8%), from €41,424 to €48,780
- Tax, wage and social debts +€5,791
up €5,791 (+165%), from €3,518 to €9,309
- Gross operating margin +€8,911
up €8,911 (+18.7%), from €47,738 to €56,649
- Taxes +€2,256
up €2,256 (+64.1%), from €3,518 to €5,773
- Other operating charges +€870
up €870 (+12.4%), from €6,988 to €7,857
- Financial charges -€584
down €584 (-7.1%), from €8,275 to €7,691
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 | €561,258 | €551,849 | -€9,409 | -1.7% |
| Fixed assets | 21/28 | €558,910 | €539,343 | -€19,567 | -3.5% |
| Tangible fixed assets | 22/27 | €558,910 | €539,343 | -€19,567 | -3.5% |
| Land and buildings | 22 | €558,910 | €539,343 | -€19,567 | -3.5% |
| Current assets | 29/58 | €2,348 | €12,506 | +€10,158 | +433% |
| Amounts receivable within one year | 40/41 | - | €6,167 | +€6,167 | |
| Other amounts receivable | 41 | - | €6,167 | +€6,167 | |
| Cash at bank and in hand | 54/58 | €2,348 | €6,339 | +€3,991 | +170% |
| Total equity and liabilities | 10/49 | €561,258 | €551,849 | -€9,409 | -1.7% |
| Equity | 10/15 | €61,884 | €69,240 | +€7,356 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,424 | €48,780 | +€7,356 | +17.8% |
| Amounts payable | 17/49 | €499,374 | €482,609 | -€16,765 | -3.4% |
| Amounts payable after more than one year | 17 | €379,698 | €349,053 | -€30,645 | -8.1% |
| Financial debts | 170/4 | €379,698 | €349,053 | -€30,645 | -8.1% |
| Amounts payable within one year | 42/48 | €119,027 | €132,951 | +€13,924 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €30,084 | €30,645 | +€561 | +1.9% |
| Taxes, remuneration and social security | 45 | €3,518 | €9,309 | +€5,791 | +165% |
| Taxes | 450/3 | €3,518 | €9,309 | +€5,791 | +165% |
| Other amounts payable | 47/48 | €85,425 | €92,997 | +€7,571 | +8.9% |
| Accrued charges and deferred income | 492/3 | €649 | €605 | -€44 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,567 | €19,567 | = | 0.0% |
| Other operating charges | 640/8 | €6,988 | €7,857 | +€870 | +12.4% |
| Gross operating margin | 9900 | €47,738 | €56,649 | +€8,911 | +18.7% |
| Operating profit (loss) | 9901 | €21,183 | €29,225 | +€8,041 | +38.0% |
| Financial income | 75/76B | - | €167 | +€167 | |
| Recurring financial income | 75 | - | €167 | +€167 | |
| Financial charges | 65/66B | €8,275 | €7,691 | -€584 | -7.1% |
| Recurring financial charges | 65 | €8,275 | €7,691 | -€584 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €12,909 | €21,701 | +€8,792 | +68.1% |
| Income taxes | 67/77 | €3,518 | €5,773 | +€2,256 | +64.1% |
| Profit (loss) for the period | 9904 | €9,391 | €15,928 | +€6,536 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,391 | €15,928 | +€6,536 | +69.6% |
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 15 October 2026 via checked.be.