UTH BELGIUM: 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.
UTH BELGIUM
Largest movements
- Receivables after one year -€23,331
down €23,331 (-51.6%), from €45,187 to €21,856
- Receivables within one year -€10,335
down €10,335 (-15.8%), from €65,287 to €54,952
of which Trade receivables: -€5,836
- Cash -€4,898
down €4,898 (-97.3%), from €5,035 to €137
mainly Net result for the year (-€32,182) and Tax, wage and social debts (-€5,428)
- Profit (loss) carried forward -€32,182
down €32,182, from €12,745 to -€19,436
- Tax, wage and social debts -€5,428
down €5,428 (-42.6%), from €12,733 to €7,305
- Gross operating margin -€56,708
down €56,708, from €21,399 to -€35,309
- Taxes -€8,478
no longer reported in 2025 (was €8,478)
- Financial income -€663
down €663 (-15.8%), from €4,208 to €3,545
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 | €120,134 | €82,137 | -€37,997 | -31.6% |
| Current assets | 29/58 | €120,134 | €82,137 | -€37,997 | -31.6% |
| Amounts receivable after more than one year | 29 | €45,187 | €21,856 | -€23,331 | -51.6% |
| Other amounts receivable | 291 | €45,187 | €21,856 | -€23,331 | -51.6% |
| Amounts receivable within one year | 40/41 | €65,287 | €54,952 | -€10,335 | -15.8% |
| Trade receivables | 40 | €7,650 | €1,814 | -€5,836 | -76.3% |
| Other amounts receivable | 41 | €57,637 | €53,138 | -€4,499 | -7.8% |
| Cash at bank and in hand | 54/58 | €5,035 | €137 | -€4,898 | -97.3% |
| Deferred charges and accrued income | 490/1 | €4,625 | €5,192 | +€567 | +12.3% |
| Total equity and liabilities | 10/49 | €120,134 | €82,137 | -€37,997 | -31.6% |
| Equity | 10/15 | €70,014 | €37,832 | -€32,182 | -46.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,069 | €51,069 | = | 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% |
| Distributable reserves | 133 | €49,209 | €49,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,745 | -€19,436 | -€32,182 | |
| Amounts payable | 17/49 | €50,120 | €44,305 | -€5,815 | -11.6% |
| Amounts payable within one year | 42/48 | €50,120 | €44,305 | -€5,815 | -11.6% |
| Trade debts | 44 | €37,387 | €37,000 | -€387 | -1.0% |
| Suppliers | 440/4 | €37,387 | €37,000 | -€387 | -1.0% |
| Taxes, remuneration and social security | 45 | €12,733 | €7,305 | -€5,428 | -42.6% |
| Taxes | 450/3 | €12,733 | €7,305 | -€5,428 | -42.6% |
| Other operating charges | 640/8 | €222 | €400 | +€178 | +80.2% |
| Gross operating margin | 9900 | €21,399 | -€35,309 | -€56,708 | |
| Operating profit (loss) | 9901 | €21,177 | -€35,709 | -€56,886 | |
| Financial income | 75/76B | €4,208 | €3,545 | -€663 | -15.8% |
| Recurring financial income | 75 | €4,208 | €3,545 | -€663 | -15.8% |
| Financial charges | 65/66B | - | €18 | +€18 | |
| Recurring financial charges | 65 | - | €18 | +€18 | |
| Profit (loss) for the period before taxes | 9903 | €25,385 | -€32,182 | -€57,567 | |
| Income taxes | 67/77 | €8,478 | - | -€8,478 | |
| Profit (loss) for the period | 9904 | €16,907 | -€32,182 | -€49,089 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,907 | -€32,182 | -€49,089 |
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 24 October 2026 via checked.be.