UT INVEST: 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 INVEST
Largest movements
- Receivables within one year +€19,330
up €19,330 (+46.4%), from €41,654 to €60,984
- Cash -€10,279
down €10,279 (-95.8%), from €10,724 to €445
mainly Contributions, distributions and other (-€74,706) and Other debts (-€40,601)
- Profit (loss) carried forward +€49,379
up €49,379 (+9.5%), from €521,999 to €571,378
- Other debts -€40,601
down €40,601 (-11.3%), from €360,271 to €319,670
- Gross operating margin -€21,373
down €21,373 (-1,449%), from -€1,475 to -€22,848
- Financial income +€3,272
up €3,272 (+2.3%), from €145,035 to €148,307
- Financial charges -€229
down €229 (-45.6%), from €501 to €272
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 | €902,730 | €911,677 | +€8,947 | +1.0% |
| Fixed assets | 21/28 | €850,352 | €850,247 | -€105 | 0.0% |
| Intangible fixed assets | 21 | €352 | €247 | -€105 | -29.7% |
| Financial fixed assets | 28 | €850,000 | €850,000 | = | 0.0% |
| Current assets | 29/58 | €52,378 | €61,429 | +€9,051 | +17.3% |
| Amounts receivable within one year | 40/41 | €41,654 | €60,984 | +€19,330 | +46.4% |
| Other amounts receivable | 41 | €41,654 | €60,984 | +€19,330 | +46.4% |
| Cash at bank and in hand | 54/58 | €10,724 | €445 | -€10,279 | -95.8% |
| Total equity and liabilities | 10/49 | €902,730 | €911,677 | +€8,947 | +1.0% |
| Equity | 10/15 | €542,459 | €591,838 | +€49,379 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €521,999 | €571,378 | +€49,379 | +9.5% |
| Amounts payable | 17/49 | €360,271 | €319,839 | -€40,432 | -11.2% |
| Amounts payable within one year | 42/48 | €360,271 | €319,839 | -€40,432 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | - | €169 | +€169 | |
| Suppliers | 440/4 | - | €169 | +€169 | |
| Other amounts payable | 47/48 | €360,271 | €319,670 | -€40,601 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105 | €105 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€1,475 | -€22,848 | -€21,373 | -1,449% |
| Operating profit (loss) | 9901 | -€2,547 | -€23,951 | -€21,404 | -840% |
| Financial income | 75/76B | €145,035 | €148,307 | +€3,272 | +2.3% |
| Recurring financial income | 75 | €145,035 | €148,307 | +€3,272 | +2.3% |
| Financial charges | 65/66B | €501 | €272 | -€229 | -45.6% |
| Recurring financial charges | 65 | €501 | €272 | -€229 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €141,987 | €124,084 | -€17,903 | -12.6% |
| Profit (loss) for the period | 9904 | €141,987 | €124,084 | -€17,903 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,987 | €124,084 | -€17,903 | -12.6% |
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 30 October 2026 via checked.be.