UTF: 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.
UTF
Largest movements
- Tangible fixed assets -€69,564
down €69,564 (-9.1%), from €766,333 to €696,769
- Other debts -€61,500
down €61,500 (-6.9%), from €889,554 to €828,054
- Gross operating margin +€7,093
up €7,093 (+11.7%), from €60,624 to €67,717
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 | €771,906 | €703,595 | -€68,311 | -8.8% |
| Fixed assets | 21/28 | €766,333 | €696,769 | -€69,564 | -9.1% |
| Tangible fixed assets | 22/27 | €766,333 | €696,769 | -€69,564 | -9.1% |
| Land and buildings | 22 | €766,333 | €696,769 | -€69,564 | -9.1% |
| Current assets | 29/58 | €5,573 | €6,826 | +€1,253 | +22.5% |
| Amounts receivable within one year | 40/41 | €454 | €2,658 | +€2,203 | +485% |
| Trade receivables | 40 | €0 | €2,203 | +€2,203 | |
| Other amounts receivable | 41 | €454 | €454 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,119 | €3,840 | -€1,279 | -25.0% |
| Deferred charges and accrued income | 490/1 | - | €328 | +€328 | |
| Total equity and liabilities | 10/49 | €771,906 | €703,595 | -€68,311 | -8.8% |
| Equity | 10/15 | -€121,845 | -€129,211 | -€7,366 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,445 | -€147,811 | -€7,366 | -5.2% |
| Amounts payable | 17/49 | €893,751 | €832,806 | -€60,945 | -6.8% |
| Amounts payable within one year | 42/48 | €891,777 | €830,616 | -€61,161 | -6.9% |
| Trade debts | 44 | €2,223 | €2,562 | +€339 | +15.2% |
| Suppliers | 440/4 | €2,223 | €2,562 | +€339 | +15.2% |
| Other amounts payable | 47/48 | €889,554 | €828,054 | -€61,500 | -6.9% |
| Accrued charges and deferred income | 492/3 | €1,974 | €2,190 | +€216 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,490 | €69,564 | +€74 | +0.1% |
| Other operating charges | 640/8 | €5,779 | €5,362 | -€417 | -7.2% |
| Gross operating margin | 9900 | €60,624 | €67,717 | +€7,093 | +11.7% |
| Operating profit (loss) | 9901 | -€14,645 | -€7,209 | +€7,437 | +50.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €147 | €157 | +€11 | +7.3% |
| Recurring financial charges | 65 | €147 | €157 | +€11 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,792 | -€7,366 | +€7,426 | +50.2% |
| Profit (loss) for the period | 9904 | -€14,792 | -€7,366 | +€7,426 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,792 | -€7,366 | +€7,426 | +50.2% |
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 14 October 2026 via checked.be.