UTIS: 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.
UTIS
Largest movements
- Cash +€16,065
up €16,065 (+511.6%), from €3,140 to €19,206
mainly Net result for the year (+€41,389) and Receivables within one year (+€15,911)
- Receivables within one year -€15,911
down €15,911 (-23.1%), from €69,010 to €53,099
of which Trade receivables: -€9,120
- Tangible fixed assets +€4,844
up €4,844 (+35.5%), from €13,628 to €18,472
of which Plant, machinery and equipment: +€5,562
- Profit (loss) carried forward +€25,589
up €25,589 (+86.4%), from €29,625 to €55,215
- Other debts -€12,501
down €12,501 (-79.1%), from €15,800 to €3,299
- Trade debts -€9,616
down €9,616 (-35.1%), from €27,395 to €17,778
- Tax, wage and social debts +€1,527
up €1,527 (+15.3%), from €9,958 to €11,485
of which Taxes: +€1,400
- Gross operating margin +€70,300
up €70,300 (+8292.6%), from €848 to €71,148
- Staff costs +€9,788
new in 2024: €9,788
- Taxes +€7,900
new in 2024: €7,900
- Write-downs +€2,661
new in 2024: €2,661
- Financial charges +€2,006
up €2,006 (+187.4%), from €1,071 to €3,077
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.
Cash bridge derived
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 | €85,779 | €90,777 | +€4,998 | +5.8% |
| Fixed assets | 21/28 | €13,628 | €18,472 | +€4,844 | +35.5% |
| Tangible fixed assets | 22/27 | €13,628 | €18,472 | +€4,844 | +35.5% |
| Plant, machinery and equipment | 23 | €4,887 | €10,450 | +€5,562 | +113.8% |
| Furniture and vehicles | 24 | €8,741 | €8,022 | -€719 | -8.2% |
| Current assets | 29/58 | €72,150 | €72,305 | +€155 | +0.2% |
| Amounts receivable within one year | 40/41 | €69,010 | €53,099 | -€15,911 | -23.1% |
| Trade receivables | 40 | €41,906 | €32,786 | -€9,120 | -21.8% |
| Other amounts receivable | 41 | €27,104 | €20,313 | -€6,790 | -25.1% |
| Cash at bank and in hand | 54/58 | €3,140 | €19,206 | +€16,065 | +511.6% |
| Total equity and liabilities | 10/49 | €85,779 | €90,777 | +€4,998 | +5.8% |
| Equity | 10/15 | €32,625 | €58,215 | +€25,589 | +78.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,625 | €55,215 | +€25,589 | +86.4% |
| Amounts payable | 17/49 | €53,153 | €32,562 | -€20,591 | -38.7% |
| Amounts payable within one year | 42/48 | €53,153 | €32,562 | -€20,591 | -38.7% |
| Trade debts | 44 | €27,395 | €17,778 | -€9,616 | -35.1% |
| Suppliers | 440/4 | €27,395 | €17,778 | -€9,616 | -35.1% |
| Taxes, remuneration and social security | 45 | €9,958 | €11,485 | +€1,527 | +15.3% |
| Taxes | 450/3 | €9,948 | €11,348 | +€1,400 | +14.1% |
| Remuneration and social security | 454/9 | €11 | €138 | +€127 | +1176.1% |
| Other amounts payable | 47/48 | €15,800 | €3,299 | -€12,501 | -79.1% |
| Remuneration, social security and pensions | 62 | - | €9,788 | +€9,788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,299 | €5,978 | +€1,679 | +39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,661 | +€2,661 | |
| Other operating charges | 640/8 | €689 | €355 | -€334 | -48.4% |
| Gross operating margin | 9900 | €848 | €71,148 | +€70,300 | +8292.6% |
| Operating profit (loss) | 9901 | -€4,141 | €52,366 | +€56,507 | |
| Financial charges | 65/66B | €1,071 | €3,077 | +€2,006 | +187.4% |
| Recurring financial charges | 65 | €1,071 | €3,077 | +€2,006 | +187.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,211 | €49,289 | +€54,500 | |
| Income taxes | 67/77 | - | €7,900 | +€7,900 | |
| Profit (loss) for the period | 9904 | -€5,211 | €41,389 | +€46,601 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,211 | €41,389 | +€46,601 |
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 12 October 2026 via checked.be.