UTILA: 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.
UTILA
Largest movements
- Tangible fixed assets -€15,077
down €15,077 (-2.1%), from €701,597 to €686,520
of which Land and buildings: -€12,723
- Reserves +€35,689
up €35,689 (+40.9%), from €87,195 to €122,884
- Debts after one year -€26,765
down €26,765 (-4.7%), from €567,468 to €540,703
- Other debts -€18,600
down €18,600 (-59.9%), from €31,050 to €12,450
- Gross operating margin +€13,334
up €13,334 (+14.7%), from €90,582 to €103,915
- Financial charges -€5,498
down €5,498 (-22.4%), from €24,528 to €19,030
- Taxes +€4,034
up €4,034 (+53.7%), from €7,519 to €11,553
- Depreciation -€3,044
down €3,044 (-8.8%), from €34,475 to €31,431
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.
Cash bridge derived
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 | €747,786 | €732,863 | -€14,923 | -2.0% |
| Fixed assets | 21/28 | €701,937 | €686,860 | -€15,077 | -2.1% |
| Tangible fixed assets | 22/27 | €701,597 | €686,520 | -€15,077 | -2.1% |
| Land and buildings | 22 | €686,057 | €673,334 | -€12,723 | -1.9% |
| Furniture and vehicles | 24 | €15,541 | €13,186 | -€2,355 | -15.2% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €45,848 | €46,003 | +€155 | +0.3% |
| Amounts receivable within one year | 40/41 | €16,319 | €18,898 | +€2,579 | +15.8% |
| Trade receivables | 40 | €16,299 | €17,787 | +€1,488 | +9.1% |
| Other amounts receivable | 41 | €20 | €1,111 | +€1,091 | +5487.8% |
| Current investments | 50/53 | €5,850 | €10,650 | +€4,800 | +82.1% |
| Cash at bank and in hand | 54/58 | €23,680 | €16,455 | -€7,225 | -30.5% |
| Total equity and liabilities | 10/49 | €747,786 | €732,863 | -€14,923 | -2.0% |
| Equity | 10/15 | €107,195 | €142,884 | +€35,689 | +33.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €87,195 | €122,884 | +€35,689 | +40.9% |
| Distributable reserves | 133 | €87,195 | €122,884 | +€35,689 | +40.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €640,591 | €589,979 | -€50,612 | -7.9% |
| Amounts payable after more than one year | 17 | €567,468 | €540,703 | -€26,765 | -4.7% |
| Financial debts | 170/4 | €567,468 | €540,703 | -€26,765 | -4.7% |
| Amounts payable within one year | 42/48 | €73,123 | €49,276 | -€23,847 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €21,247 | €16,765 | -€4,482 | -21.1% |
| Financial debts | 43 | €2,406 | €1,035 | -€1,371 | -57.0% |
| Credit institutions | 430/8 | €2,406 | €1,035 | -€1,371 | -57.0% |
| Trade debts | 44 | €2,518 | €5,280 | +€2,762 | +109.7% |
| Suppliers | 440/4 | €2,518 | €5,280 | +€2,762 | +109.7% |
| Taxes, remuneration and social security | 45 | €15,902 | €13,746 | -€2,157 | -13.6% |
| Taxes | 450/3 | €15,902 | €13,746 | -€2,157 | -13.6% |
| Other amounts payable | 47/48 | €31,050 | €12,450 | -€18,600 | -59.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,475 | €31,431 | -€3,044 | -8.8% |
| Other operating charges | 640/8 | €3,214 | €2,759 | -€455 | -14.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €90,582 | €103,915 | +€13,334 | +14.7% |
| Operating profit (loss) | 9901 | €52,893 | €69,725 | +€16,832 | +31.8% |
| Financial income | 75/76B | €0 | €548 | +€548 | +365013.3% |
| Recurring financial income | 75 | €0 | €548 | +€548 | +365013.3% |
| Financial charges | 65/66B | €24,528 | €19,030 | -€5,498 | -22.4% |
| Recurring financial charges | 65 | €24,528 | €19,030 | -€5,498 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €28,365 | €51,243 | +€22,878 | +80.7% |
| Income taxes | 67/77 | €7,519 | €11,553 | +€4,034 | +53.7% |
| Profit (loss) for the period | 9904 | €20,846 | €39,689 | +€18,844 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,846 | €39,689 | +€18,844 | +90.4% |
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 9 October 2026 via checked.be.