Utiq: 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.
Utiq
Largest movements
- Financial fixed assets -€6.5m
down €6.5m (-93.7%), from €7.0m to €440,744
- Cash +€2.6m
up €2.6m (+96.8%), from €2.7m to €5.2m
mainly Contributions, distributions and other (+€15.0m) and Investment in fixed assets (net) (+€5.1m)
- Receivables within one year +€249,511
up €249,511 (+76.9%), from €324,415 to €573,925
of which Trade receivables: +€204,433
- Intangible fixed assets +€171,084
up €171,084 (+4.1%), from €4.2m to €4.3m
- Contributions +€15.0m
up €15.0m (+68.2%), from €22.0m to €37.0m
- Profit (loss) carried forward -€12.3m
down €12.3m (-73.1%), from -€16.8m to -€29.1m
- Trade debts -€6.2m
down €6.2m (-75.2%), from €8.2m to €2.0m
- Gross operating margin -€703,389
down €703,389 (-7.9%), from -€8.9m to -€9.6m
- Depreciation +€292,345
up €292,345 (+30.6%), from €956,011 to €1.2m
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 | €14,241,758 | €10,716,152 | -€3.5m | -24.8% |
| Fixed assets | 21/28 | €11,154,181 | €4,804,352 | -€6.3m | -56.9% |
| Intangible fixed assets | 21 | €4,173,853 | €4,344,937 | +€171,084 | +4.1% |
| Tangible fixed assets | 22/27 | €29,037 | €18,671 | -€10,366 | -35.7% |
| Plant, machinery and equipment | 23 | €29,037 | €18,671 | -€10,366 | -35.7% |
| Financial fixed assets | 28 | €6,951,291 | €440,744 | -€6.5m | -93.7% |
| Current assets | 29/58 | €3,087,577 | €5,911,801 | +€2.8m | +91.5% |
| Amounts receivable within one year | 40/41 | €324,415 | €573,925 | +€249,511 | +76.9% |
| Trade receivables | 40 | €232,571 | €437,004 | +€204,433 | +87.9% |
| Other amounts receivable | 41 | €91,844 | €136,921 | +€45,078 | +49.1% |
| Cash at bank and in hand | 54/58 | €2,664,446 | €5,243,540 | +€2.6m | +96.8% |
| Deferred charges and accrued income | 490/1 | €98,716 | €94,336 | -€4,381 | -4.4% |
| Total equity and liabilities | 10/49 | €14,241,758 | €10,716,152 | -€3.5m | -24.8% |
| Equity | 10/15 | €5,171,816 | €7,872,221 | +€2.7m | +52.2% |
| Contributions | 10/11 | €22,000,000 | €37,000,000 | +€15.0m | +68.2% |
| Capital | 10 | €22,000,000 | €37,000,000 | +€15.0m | +68.2% |
| Issued capital | 100 | €22,000,000 | €37,000,000 | +€15.0m | +68.2% |
| Profit (loss) carried forward | 14 | -€16,828,184 | -€29,127,779 | -€12.3m | -73.1% |
| Amounts payable | 17/49 | €9,069,943 | €2,843,931 | -€6.2m | -68.6% |
| Amounts payable after more than one year | 17 | - | €100,800 | +€100,800 | |
| Other amounts payable | 178/9 | - | €100,800 | +€100,800 | |
| Amounts payable within one year | 42/48 | €8,672,359 | €2,410,207 | -€6.3m | -72.2% |
| Trade debts | 44 | €8,233,891 | €2,042,488 | -€6.2m | -75.2% |
| Suppliers | 440/4 | €8,233,891 | €2,042,488 | -€6.2m | -75.2% |
| Taxes, remuneration and social security | 45 | €438,467 | €367,718 | -€70,749 | -16.1% |
| Taxes | 450/3 | €33,163 | €29,224 | -€3,938 | -11.9% |
| Remuneration and social security | 454/9 | €405,304 | €338,494 | -€66,811 | -16.5% |
| Other amounts payable | 47/48 | €1 | €1 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €397,584 | €332,925 | -€64,659 | -16.3% |
| Remuneration, social security and pensions | 62 | €1,109,660 | €1,047,488 | -€62,172 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €956,011 | €1,248,356 | +€292,345 | +30.6% |
| Other operating charges | 640/8 | €2,795 | €5,695 | +€2,900 | +103.8% |
| Non-recurring operating charges | 66A | - | €519,029 | +€519,029 | |
| Gross operating margin | 9900 | -€8,944,148 | -€9,647,537 | -€703,389 | -7.9% |
| Operating profit (loss) | 9901 | -€11,012,614 | -€12,468,106 | -€1.5m | -13.2% |
| Financial income | 75/76B | €218,043 | €179,446 | -€38,597 | -17.7% |
| Recurring financial income | 75 | €218,043 | €179,446 | -€38,597 | -17.7% |
| Financial charges | 65/66B | €66,187 | €12,391 | -€53,796 | -81.3% |
| Recurring financial charges | 65 | €66,187 | €12,391 | -€53,796 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,860,758 | -€12,301,051 | -€1.4m | -13.3% |
| Income taxes | 67/77 | €870 | -€1,456 | -€2,326 | |
| Profit (loss) for the period | 9904 | -€10,861,628 | -€12,299,595 | -€1.4m | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,861,628 | -€12,299,595 | -€1.4m | -13.2% |
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 12 October 2026 via checked.be.