UTILCONSTRUCT: 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.
UTILCONSTRUCT
Largest movements
- Receivables within one year +€31,727
up €31,727 (+42.8%), from €74,045 to €105,772
of which Trade receivables: +€22,322
- Cash -€15,237
down €15,237 (-42.1%), from €36,156 to €20,919
mainly Receivables within one year (-€31,727) and Contributions, distributions and other (-€13,000)
- Tangible fixed assets -€1,812
down €1,812 (-86.8%), from €2,088 to €276
- Reserves +€11,493
up €11,493 (+16.8%), from €68,250 to €79,743
of which Distributable reserves: +€11,493
- Trade debts +€4,342
up €4,342 (+27.5%), from €15,801 to €20,142
of which Bills of exchange payable: +€5,981
- Staff costs +€30,679
up €30,679 (+733%), from €4,188 to €34,867
- Purchases and services -€17,709
down €17,709 (-4.4%), from €398,753 to €381,044
- Turnover -€15,446
down €15,446 (-3.3%), from €468,913 to €453,467
- Financial charges -€15,116
down €15,116 (-96.6%), from €15,644 to €528
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 | €112,288 | €126,966 | +€14,678 | +13.1% |
| Fixed assets | 21/28 | €2,088 | €276 | -€1,812 | -86.8% |
| Tangible fixed assets | 22/27 | €2,088 | €276 | -€1,812 | -86.8% |
| Furniture and vehicles | 24 | €2,088 | €276 | -€1,812 | -86.8% |
| Current assets | 29/58 | €110,200 | €126,691 | +€16,490 | +15.0% |
| Amounts receivable within one year | 40/41 | €74,045 | €105,772 | +€31,727 | +42.8% |
| Trade receivables | 40 | €5,421 | €27,742 | +€22,322 | +412% |
| Other amounts receivable | 41 | €68,624 | €78,030 | +€9,406 | +13.7% |
| Cash at bank and in hand | 54/58 | €36,156 | €20,919 | -€15,237 | -42.1% |
| Total equity and liabilities | 10/49 | €112,288 | €126,966 | +€14,678 | +13.1% |
| Equity | 10/15 | €82,882 | €94,374 | +€11,493 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,250 | €79,743 | +€11,493 | +16.8% |
| 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 | €66,390 | €77,883 | +€11,493 | +17.3% |
| Profit (loss) carried forward | 14 | €8,432 | €8,432 | = | 0.0% |
| Amounts payable | 17/49 | €29,406 | €32,592 | +€3,186 | +10.8% |
| Amounts payable within one year | 42/48 | €29,406 | €32,592 | +€3,186 | +10.8% |
| Trade debts | 44 | €15,801 | €20,142 | +€4,342 | +27.5% |
| Suppliers | 440/4 | €13,729 | €12,090 | -€1,639 | -11.9% |
| Bills of exchange payable | 441 | €2,071 | €8,052 | +€5,981 | +289% |
| Taxes, remuneration and social security | 45 | €13,605 | €12,449 | -€1,156 | -8.5% |
| Taxes | 450/3 | €13,495 | €11,203 | -€2,292 | -17.0% |
| Remuneration and social security | 454/9 | €110 | €1,246 | +€1,136 | +1,030% |
| Turnover | 70 | €468,913 | €453,467 | -€15,446 | -3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €398,753 | €381,044 | -€17,709 | -4.4% |
| Remuneration, social security and pensions | 62 | €4,188 | €34,867 | +€30,679 | +733% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,926 | €1,812 | -€114 | -5.9% |
| Other operating charges | 640/8 | €1,024 | €1,040 | +€16 | +1.6% |
| Gross operating margin | 9900 | €70,160 | €72,422 | +€2,263 | +3.2% |
| Operating profit (loss) | 9901 | €63,022 | €34,703 | -€28,319 | -44.9% |
| Financial income | 75/76B | - | €300 | +€300 | |
| Recurring financial income | 75 | - | €300 | +€300 | |
| Non-recurring financial income | 76B | - | €300 | +€300 | |
| Financial charges | 65/66B | €15,644 | €528 | -€15,116 | -96.6% |
| Recurring financial charges | 65 | €15,644 | €528 | -€15,116 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €47,377 | €34,475 | -€12,902 | -27.2% |
| Income taxes | 67/77 | €12,987 | €9,982 | -€3,005 | -23.1% |
| Profit (loss) for the period | 9904 | €34,390 | €24,493 | -€9,897 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,390 | €24,493 | -€9,897 | -28.8% |
Source: filed annual accounts (NBB), financial years ended 30 August 2024 and 30 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.