UTILE DULCI: 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.
UTILE DULCI
Largest movements
- Cash -€35,016
down €35,016 (-59.9%), from €58,485 to €23,469
mainly Investment in fixed assets (net) (-€44,740) and Net result for the year (-€7,780)
- Tangible fixed assets +€34,761
up €34,761 (+51.6%), from €67,397 to €102,158
of which Land and buildings: +€36,722
- Receivables within one year -€6,987
down €6,987 (-74.8%), from €9,337 to €2,349
of which Other amounts receivable: -€6,987
- Profit (loss) carried forward -€7,780
down €7,780 (-44.0%), from -€17,665 to -€25,445
- Gross operating margin +€19,408
up €19,408, from -€11,877 to €7,532
- Financial income -€3,650
down €3,650 (-61.5%), from €5,935 to €2,285
- Other operating charges +€3,566
up €3,566 (+88.7%), from €4,021 to €7,587
- Depreciation +€2,307
up €2,307 (+30.1%), from €7,673 to €9,979
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 | €291,089 | €284,174 | -€6,915 | -2.4% |
| Fixed assets | 21/28 | €67,397 | €102,158 | +€34,761 | +51.6% |
| Tangible fixed assets | 22/27 | €67,397 | €102,158 | +€34,761 | +51.6% |
| Land and buildings | 22 | €63,769 | €100,491 | +€36,722 | +57.6% |
| Plant, machinery and equipment | 23 | €3,628 | €1,667 | -€1,961 | -54.1% |
| Current assets | 29/58 | €223,692 | €182,016 | -€41,676 | -18.6% |
| Amounts receivable within one year | 40/41 | €9,337 | €2,349 | -€6,987 | -74.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,337 | €2,349 | -€6,987 | -74.8% |
| Current investments | 50/53 | €152,130 | €153,234 | +€1,104 | +0.7% |
| Cash at bank and in hand | 54/58 | €58,485 | €23,469 | -€35,016 | -59.9% |
| Deferred charges and accrued income | 490/1 | €3,741 | €2,964 | -€777 | -20.8% |
| Total equity and liabilities | 10/49 | €291,089 | €284,174 | -€6,915 | -2.4% |
| Equity | 10/15 | €288,989 | €281,209 | -€7,780 | -2.7% |
| Contributions | 10/11 | €94,779 | €94,779 | = | 0.0% |
| Reserves | 13 | €211,874 | €211,874 | = | 0.0% |
| Distributable reserves | 133 | €211,874 | €211,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,665 | -€25,445 | -€7,780 | -44.0% |
| Amounts payable | 17/49 | €2,100 | €2,965 | +€865 | +41.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,100 | €2,005 | -€95 | -4.5% |
| Trade debts | 44 | €619 | €322 | -€297 | -47.9% |
| Suppliers | 440/4 | €619 | €322 | -€297 | -47.9% |
| Taxes, remuneration and social security | 45 | €10 | €10 | = | 0.0% |
| Taxes | 450/3 | €10 | €10 | = | 0.0% |
| Other amounts payable | 47/48 | €1,471 | €1,673 | +€202 | +13.7% |
| Accrued charges and deferred income | 492/3 | - | €960 | +€960 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,673 | €9,979 | +€2,307 | +30.1% |
| Other operating charges | 640/8 | €4,021 | €7,587 | +€3,566 | +88.7% |
| Gross operating margin | 9900 | -€11,877 | €7,532 | +€19,408 | |
| Operating profit (loss) | 9901 | -€23,570 | -€10,035 | +€13,535 | +57.4% |
| Financial income | 75/76B | €5,935 | €2,285 | -€3,650 | -61.5% |
| Recurring financial income | 75 | €5,935 | €2,285 | -€3,650 | -61.5% |
| Financial charges | 65/66B | €30 | €30 | +€0 | +1.5% |
| Recurring financial charges | 65 | €30 | €30 | +€0 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,665 | -€7,780 | +€9,885 | +56.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€17,665 | -€7,780 | +€9,885 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,665 | -€7,780 | +€9,885 | +56.0% |
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 19 October 2026 via checked.be.