Utility Provider: what changed
Utility Provider
Largest movements
- Receivables within one year +€57,136
up €57,136 (+28.6%), from €199,840 to €256,976
of which Other amounts receivable: +€57,768
- Tangible fixed assets -€37,929
down €37,929 (-28.6%), from €132,560 to €94,631
of which Leasing and similar rights: -€25,299
- Cash +€33,809
up €33,809 (+84.0%), from €40,225 to €74,034
mainly Net result for the year (+€124,895) and Depreciation (+€49,296)
- Reserves +€124,895
up €124,895 (+53.7%), from €232,725 to €357,620
- Other debts -€47,136
down €47,136 (-98.9%), from €47,662 to €526
- Tax, wage and social debts -€14,112
down €14,112 (-18.6%), from €75,832 to €61,720
- Other operating charges -€12,099
down €12,099 (-83.7%), from €14,450 to €2,351
- Taxes +€7,456
up €7,456 (+15.0%), from €49,772 to €57,228
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,859 | €433,146 | +€57,287 | +15.2% |
| Fixed assets | 21/28 | €132,560 | €98,762 | -€33,798 | -25.5% |
| Tangible fixed assets | 22/27 | €132,560 | €94,631 | -€37,929 | -28.6% |
| Furniture and vehicles | 24 | €107,261 | €94,631 | -€12,630 | -11.8% |
| Leasing and similar rights | 25 | €25,299 | - | -€25,299 | |
| Financial fixed assets | 28 | - | €4,131 | +€4,131 | |
| Current assets | 29/58 | €243,299 | €334,384 | +€91,085 | +37.4% |
| Amounts receivable within one year | 40/41 | €199,840 | €256,976 | +€57,136 | +28.6% |
| Trade receivables | 40 | €18,782 | €18,150 | -€632 | -3.4% |
| Other amounts receivable | 41 | €181,058 | €238,826 | +€57,768 | +31.9% |
| Cash at bank and in hand | 54/58 | €40,225 | €74,034 | +€33,809 | +84.0% |
| Deferred charges and accrued income | 490/1 | €3,234 | €3,374 | +€140 | +4.3% |
| Total equity and liabilities | 10/49 | €375,859 | €433,146 | +€57,287 | +15.2% |
| Equity | 10/15 | €245,725 | €370,620 | +€124,895 | +50.8% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €232,725 | €357,620 | +€124,895 | +53.7% |
| Distributable reserves | 133 | €232,725 | €357,620 | +€124,895 | +53.7% |
| Amounts payable | 17/49 | €130,134 | €62,526 | -€67,608 | -52.0% |
| Amounts payable within one year | 42/48 | €130,134 | €62,526 | -€67,608 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €2,100 | - | -€2,100 | |
| Trade debts | 44 | €4,541 | €280 | -€4,261 | -93.8% |
| Suppliers | 440/4 | €4,541 | €280 | -€4,261 | -93.8% |
| Taxes, remuneration and social security | 45 | €75,832 | €61,720 | -€14,112 | -18.6% |
| Taxes | 450/3 | €75,832 | €61,720 | -€14,112 | -18.6% |
| Other amounts payable | 47/48 | €47,662 | €526 | -€47,136 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,310 | €49,296 | +€1,987 | +4.2% |
| Other operating charges | 640/8 | €14,450 | €2,351 | -€12,099 | -83.7% |
| Gross operating margin | 9900 | €231,195 | €231,942 | +€747 | +0.3% |
| Operating profit (loss) | 9901 | €169,435 | €180,294 | +€10,859 | +6.4% |
| Financial income | 75/76B | €940 | €2,061 | +€1,121 | +119% |
| Recurring financial income | 75 | €940 | €2,061 | +€1,121 | +119% |
| Financial charges | 65/66B | €495 | €232 | -€263 | -53.1% |
| Recurring financial charges | 65 | €495 | €232 | -€263 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €169,880 | €182,123 | +€12,243 | +7.2% |
| Income taxes | 67/77 | €49,772 | €57,228 | +€7,456 | +15.0% |
| Profit (loss) for the period | 9904 | €120,108 | €124,895 | +€4,787 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €120,108 | €124,895 | +€4,787 | +4.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.