UTEMA: 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
UTEMA
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€60,554
2024 · €41,328-€101,883
Equity
€928,347
2024 · €988,901-€60,554
Cash
€55,970
2024 · €59,634-€3,664
Balance sheet total
€1.1m
2024 · €1.1m+€4,582
Largest movements
Assets
- Stocks and contracts +€131,660
up €131,660 (+651%), from €20,233 to €151,893
- Receivables within one year -€122,200
down €122,200 (-12.8%), from €951,615 to €829,415
of which Trade receivables: -€108,728
Equity and liabilities
- Advances received +€136,993
up €136,993 (+705%), from €19,438 to €156,432
- Trade debts -€85,984
down €85,984 (-75.5%), from €113,926 to €27,942
- Profit (loss) carried forward -€60,554
down €60,554 (-78.3%), from €77,307 to €16,752
- Other debts +€13,832
up €13,832 (+993%), from €1,394 to €15,226
Income statement
- Goods and materials -€362,359
down €362,359 (-54.7%), from €662,570 to €300,211
of which Purchases: -€218,159
- Turnover -€353,082
down €353,082 (-35.2%), from €1.0m to €650,002
- Services and other goods -€46,411
down €46,411 (-22.5%), from €206,144 to €159,733
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
€41,328
Turnover
-€353,082
Other operating income
-€30
Goods and materials
+€362,359
Services and other goods
+€46,411
Staff costs
-€2,535
Depreciation
+€77
Other operating charges
-€2
Other operating items
-€158,411
Financial income
-€106
Financial charges
+€3,437
Result 2025
-€60,554
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
-€3,664
Investment
€0
Financing
€0
Cash 2024
€59,634
From operations (derived)
-€3,664
Net result for the year
-€60,554
Depreciation
+€1,214
Stocks and contracts
-€131,660
Receivables within one year
+€122,200
Trade debts
-€85,984
Tax, wage and social debts
+€1,062
Advances received
+€136,993
Other debts
+€13,832
Accrued charges and deferred income
-€768
Cash 2025
€55,970
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,141,733 | €1,146,316 | +€4,582 | +0.4% |
| Fixed assets | 21/28 | €110,251 | €109,037 | -€1,214 | -1.1% |
| Tangible fixed assets | 22/27 | €110,251 | €109,037 | -€1,214 | -1.1% |
| Land and buildings | 22 | €107,799 | €107,799 | = | 0.0% |
| Furniture and vehicles | 24 | €2,452 | €1,238 | -€1,214 | -49.5% |
| Current assets | 29/58 | €1,031,482 | €1,037,279 | +€5,796 | +0.6% |
| Stocks and contracts in progress | 3 | €20,233 | €151,893 | +€131,660 | +651% |
| Contracts in progress | 37 | €20,233 | €151,893 | +€131,660 | +651% |
| Amounts receivable within one year | 40/41 | €951,615 | €829,415 | -€122,200 | -12.8% |
| Trade receivables | 40 | €758,011 | €649,284 | -€108,728 | -14.3% |
| Other amounts receivable | 41 | €193,603 | €180,131 | -€13,472 | -7.0% |
| Cash at bank and in hand | 54/58 | €59,634 | €55,970 | -€3,664 | -6.1% |
| Total equity and liabilities | 10/49 | €1,141,733 | €1,146,316 | +€4,582 | +0.4% |
| Equity | 10/15 | €988,901 | €928,347 | -€60,554 | -6.1% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €161,594 | €161,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €86,594 | €86,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,307 | €16,752 | -€60,554 | -78.3% |
| Amounts payable | 17/49 | €152,832 | €217,969 | +€65,137 | +42.6% |
| Amounts payable within one year | 42/48 | €151,864 | €217,768 | +€65,904 | +43.4% |
| Trade debts | 44 | €113,926 | €27,942 | -€85,984 | -75.5% |
| Suppliers | 440/4 | €113,926 | €27,942 | -€85,984 | -75.5% |
| Advances received on contracts in progress | 46 | €19,438 | €156,432 | +€136,993 | +705% |
| Taxes, remuneration and social security | 45 | €17,106 | €18,169 | +€1,062 | +6.2% |
| Taxes | 450/3 | €2,458 | €2,990 | +€532 | +21.6% |
| Remuneration and social security | 454/9 | €14,649 | €15,179 | +€530 | +3.6% |
| Other amounts payable | 47/48 | €1,394 | €15,226 | +€13,832 | +993% |
| Accrued charges and deferred income | 492/3 | €968 | €201 | -€768 | -79.3% |
| Operating income | 70/76A | €1,024,977 | €513,453 | -€511,524 | -49.9% |
| Turnover | 70 | €1,003,084 | €650,002 | -€353,082 | -35.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €21,349 | -€136,993 | -€158,342 | |
| Other operating income | 74 | €476 | €445 | -€30 | -6.4% |
| Non-recurring operating income | 76A | €69 | - | -€69 | |
| Operating charges | 60/66A | €979,595 | €573,285 | -€406,310 | -41.5% |
| Goods for resale, raw materials and consumables | 60 | €662,570 | €300,211 | -€362,359 | -54.7% |
| Purchases | 600/8 | €650,030 | €431,871 | -€218,159 | -33.6% |
| Change in stocks: decrease (increase) | 609 | €12,540 | -€131,660 | -€144,200 | |
| Services and other goods | 61 | €206,144 | €159,733 | -€46,411 | -22.5% |
| Remuneration, social security and pensions | 62 | €109,542 | €112,078 | +€2,535 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,292 | €1,214 | -€77 | -6.0% |
| Other operating charges | 640/8 | €47 | €49 | +€2 | +3.2% |
| Operating profit (loss) | 9901 | €45,382 | -€59,831 | -€105,214 | |
| Financial income | 75/76B | €2,706 | €2,601 | -€106 | -3.9% |
| Recurring financial income | 75 | €2,706 | €2,601 | -€106 | -3.9% |
| Other financial income | 752/9 | €2,706 | €2,601 | -€106 | -3.9% |
| Financial charges | 65/66B | €6,760 | €3,324 | -€3,437 | -50.8% |
| Recurring financial charges | 65 | €6,760 | €3,324 | -€3,437 | -50.8% |
| Other financial charges | 652/9 | €6,760 | €3,324 | -€3,437 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €41,328 | -€60,554 | -€101,883 | |
| Profit (loss) for the period | 9904 | €41,328 | -€60,554 | -€101,883 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,328 | -€60,554 | -€101,883 |
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.