UTILICO: 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.
UTILICO
Largest movements
- Receivables within one year +€89,576
up €89,576 (+74.9%), from €119,645 to €209,221
of which Other amounts receivable: +€90,783
- Receivables after one year +€26,687
up €26,687 (+9.7%), from €276,074 to €302,761
- Other debts +€52,536
up €52,536 (+7.1%), from €737,365 to €789,901
- Profit (loss) carried forward +€46,547
up €46,547 (+35.4%), from -€131,414 to -€84,866
- Gross operating margin +€11,144
up €11,144 (+22.7%), from €49,120 to €60,264
- Other operating charges -€3,984
down €3,984 (-77.2%), from €5,159 to €1,176
- Depreciation +€1,215
up €1,215 (+28.2%), from €4,300 to €5,514
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,777,157 | €1,877,977 | +€100,820 | +5.7% |
| Fixed assets | 21/28 | €1,371,170 | €1,365,656 | -€5,514 | -0.4% |
| Tangible fixed assets | 22/27 | €516,170 | €510,656 | -€5,514 | -1.1% |
| Land and buildings | 22 | €504,629 | €504,129 | -€500 | -0.1% |
| Plant, machinery and equipment | 23 | €11,541 | €6,527 | -€5,014 | -43.4% |
| Financial fixed assets | 28 | €855,000 | €855,000 | = | 0.0% |
| Current assets | 29/58 | €405,986 | €512,321 | +€106,334 | +26.2% |
| Amounts receivable after more than one year | 29 | €276,074 | €302,761 | +€26,687 | +9.7% |
| Other amounts receivable | 291 | €276,074 | €302,761 | +€26,687 | +9.7% |
| Amounts receivable within one year | 40/41 | €119,645 | €209,221 | +€89,576 | +74.9% |
| Trade receivables | 40 | €1,915 | €708 | -€1,207 | -63.0% |
| Other amounts receivable | 41 | €117,730 | €208,513 | +€90,783 | +77.1% |
| Cash at bank and in hand | 54/58 | €10,268 | €339 | -€9,929 | -96.7% |
| Total equity and liabilities | 10/49 | €1,777,157 | €1,877,977 | +€100,820 | +5.7% |
| Equity | 10/15 | -€5,208 | €41,339 | +€46,547 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €26,205 | €26,205 | = | 0.0% |
| Distributable reserves | 133 | €26,205 | €26,205 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,414 | -€84,866 | +€46,547 | +35.4% |
| Amounts payable | 17/49 | €1,782,365 | €1,836,638 | +€54,273 | +3.0% |
| Amounts payable after more than one year | 17 | €1,045,000 | €1,045,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €1,045,000 | +€745,000 | +248% |
| Other amounts payable | 178/9 | €745,000 | €0 | -€745,000 | -100% |
| Amounts payable within one year | 42/48 | €737,365 | €791,638 | +€54,273 | +7.4% |
| Trade debts | 44 | - | €1,634 | +€1,634 | |
| Suppliers | 440/4 | - | €1,634 | +€1,634 | |
| Taxes, remuneration and social security | 45 | - | €103 | +€103 | |
| Taxes | 450/3 | - | €103 | +€103 | |
| Other amounts payable | 47/48 | €737,365 | €789,901 | +€52,536 | +7.1% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,300 | €5,514 | +€1,215 | +28.2% |
| Other operating charges | 640/8 | €5,159 | €1,176 | -€3,984 | -77.2% |
| Gross operating margin | 9900 | €49,120 | €60,264 | +€11,144 | +22.7% |
| Operating profit (loss) | 9901 | €39,660 | €53,574 | +€13,913 | +35.1% |
| Financial income | 75/76B | €670 | €473 | -€197 | -29.4% |
| Recurring financial income | 75 | €670 | €473 | -€197 | -29.4% |
| Financial charges | 65/66B | €7,500 | €7,500 | = | 0.0% |
| Recurring financial charges | 65 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €32,831 | €46,547 | +€13,716 | +41.8% |
| Profit (loss) for the period | 9904 | €32,831 | €46,547 | +€13,716 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,831 | €46,547 | +€13,716 | +41.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.