UTILITAS: what changed
Two fiscal 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.
UTILITAS
Largest movements
- Tangible fixed assets +€3.9m
up €3.9m (+338.3%), from €1.1m to €5.0m
of which Land and buildings: +€3.9m
- Other debts +€3.0m
up €3.0m (+254.8%), from €1.2m to €4.1m
- Trade debts +€549,936
up €549,936 (+15573.6%), from €3,531 to €553,467
- Reserves +€278,256
up €278,256 (+4488.0%), from €6,200 to €284,456
of which Tax-exempt reserves: +€278,256
- Provisions +€92,752
new in 2025: €92,752
- Gross operating margin +€378,936
up €378,936 (+11723.0%), from €3,232 to €382,168
- Depreciation -€6,304
down €6,304 (-45.4%), from €13,894 to €7,590
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 | €1,155,501 | €5,054,299 | +€3.9m | +337.4% |
| Fixed assets | 21/28 | €1,143,176 | €5,010,451 | +€3.9m | +338.3% |
| Tangible fixed assets | 22/27 | €1,143,176 | €5,010,451 | +€3.9m | +338.3% |
| Land and buildings | 22 | €1,121,959 | €5,010,451 | +€3.9m | +346.6% |
| Plant, machinery and equipment | 23 | €11,246 | - | -€11,246 | |
| Furniture and vehicles | 24 | €9,970 | - | -€9,970 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €12,325 | €43,849 | +€31,524 | +255.8% |
| Amounts receivable within one year | 40/41 | €27 | €8,246 | +€8,219 | +30441.9% |
| Other amounts receivable | 41 | €27 | €8,246 | +€8,219 | +30441.9% |
| Current investments | 50/53 | €11,122 | €1,122 | -€10,000 | -89.9% |
| Cash at bank and in hand | 54/58 | €1,176 | €29,105 | +€27,929 | +2375.0% |
| Deferred charges and accrued income | 490/1 | - | €5,375 | +€5,375 | |
| Total equity and liabilities | 10/49 | €1,155,501 | €5,054,299 | +€3.9m | +337.4% |
| Equity | 10/15 | -€12,826 | €265,389 | +€278,215 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €284,456 | +€278,256 | +4488.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €278,256 | +€278,256 | |
| Profit (loss) carried forward | 14 | -€81,026 | -€81,067 | -€41 | -0.1% |
| Provisions and deferred taxes | 16 | - | €92,752 | +€92,752 | |
| Deferred taxes | 168 | - | €92,752 | +€92,752 | |
| Amounts payable | 17/49 | €1,168,327 | €4,696,159 | +€3.5m | +302.0% |
| Amounts payable within one year | 42/48 | €1,168,327 | €4,692,223 | +€3.5m | +301.6% |
| Trade debts | 44 | €3,531 | €553,467 | +€549,936 | +15573.6% |
| Suppliers | 440/4 | €3,531 | €553,467 | +€549,936 | +15573.6% |
| Advances received on contracts in progress | 46 | - | €5,920 | +€5,920 | |
| Other amounts payable | 47/48 | €1,164,796 | €4,132,836 | +€3.0m | +254.8% |
| Accrued charges and deferred income | 492/3 | - | €3,935 | +€3,935 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,894 | €7,590 | -€6,304 | -45.4% |
| Other operating charges | 640/8 | €6,496 | €3,493 | -€3,003 | -46.2% |
| Gross operating margin | 9900 | €3,232 | €382,168 | +€378,936 | +11723.0% |
| Operating profit (loss) | 9901 | -€17,158 | €371,085 | +€388,243 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €126 | €118 | -€8 | -6.1% |
| Recurring financial charges | 65 | €126 | €118 | -€8 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,284 | €370,967 | +€388,250 | |
| Transfer to deferred taxes | 680 | - | €92,752 | +€92,752 | |
| Profit (loss) for the period | 9904 | -€17,284 | €278,215 | +€295,498 | |
| Transfer to tax-exempt reserves | 689 | - | €278,256 | +€278,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,284 | -€41 | +€17,243 | +99.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.