UTOOLS: 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.
UTOOLS
Largest movements
- Stocks and contracts +€93,533
up €93,533 (+14.5%), from €643,490 to €737,022
- Tangible fixed assets -€29,158
down €29,158 (-3.7%), from €795,688 to €766,530
of which Land and buildings: -€26,697
- Cash -€23,747
down €23,747 (-48.1%), from €49,335 to €25,588
mainly Stocks and contracts (-€93,533) and Current portion of long-term debt (-€81,686)
- Current portion of long-term debt -€81,686
down €81,686 (-58.9%), from €138,578 to €56,892
- Debts after one year -€52,725
down €52,725 (-6.8%), from €774,917 to €722,192
- Tax, wage and social debts +€51,814
up €51,814 (+91.9%), from €56,362 to €108,175
of which Taxes: +€57,671
- Reserves +€38,388
up €38,388 (+12.3%), from €312,901 to €351,289
of which Distributable reserves: +€38,388
- Other debts +€37,114
up €37,114 (+245.5%), from €15,120 to €52,234
- Depreciation -€40,951
down €40,951 (-56.9%), from €71,995 to €31,044
- Gross operating margin -€16,506
down €16,506 (-8.5%), from €194,902 to €178,396
- Taxes +€14,553
up €14,553 (+51.9%), from €28,023 to €42,575
- Other operating charges +€4,589
up €4,589 (+1092.2%), from €420 to €5,009
- Staff costs -€2,174
down €2,174 (-99.7%), from €2,180 to €6
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 | €1,624,748 | €1,661,440 | +€36,692 | +2.3% |
| Fixed assets | 21/28 | €796,278 | €768,291 | -€27,986 | -3.5% |
| Intangible fixed assets | 21 | €590 | €1,762 | +€1,172 | +198.7% |
| Tangible fixed assets | 22/27 | €795,688 | €766,530 | -€29,158 | -3.7% |
| Land and buildings | 22 | €787,646 | €760,950 | -€26,697 | -3.4% |
| Plant, machinery and equipment | 23 | €1,092 | €794 | -€299 | -27.4% |
| Furniture and vehicles | 24 | €4,635 | €3,160 | -€1,475 | -31.8% |
| Leasing and similar rights | 25 | €2,313 | €1,626 | -€687 | -29.7% |
| Current assets | 29/58 | €828,470 | €893,149 | +€64,678 | +7.8% |
| Stocks and contracts in progress | 3 | €643,490 | €737,022 | +€93,533 | +14.5% |
| Stocks | 30/36 | €643,490 | €737,022 | +€93,533 | +14.5% |
| Amounts receivable within one year | 40/41 | €129,814 | €122,302 | -€7,512 | -5.8% |
| Trade receivables | 40 | €129,814 | €122,302 | -€7,512 | -5.8% |
| Cash at bank and in hand | 54/58 | €49,335 | €25,588 | -€23,747 | -48.1% |
| Deferred charges and accrued income | 490/1 | €5,832 | €8,236 | +€2,405 | +41.2% |
| Total equity and liabilities | 10/49 | €1,624,748 | €1,661,440 | +€36,692 | +2.3% |
| Equity | 10/15 | €381,213 | €432,001 | +€50,788 | +13.3% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €312,901 | €351,289 | +€38,388 | +12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €311,041 | €349,429 | +€38,388 | +12.3% |
| Profit (loss) carried forward | 14 | €62,112 | €62,112 | = | 0.0% |
| Amounts payable | 17/49 | €1,243,535 | €1,229,439 | -€14,096 | -1.1% |
| Amounts payable after more than one year | 17 | €774,917 | €722,192 | -€52,725 | -6.8% |
| Financial debts | 170/4 | €774,917 | €722,192 | -€52,725 | -6.8% |
| Amounts payable within one year | 42/48 | €454,613 | €496,025 | +€41,412 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €138,578 | €56,892 | -€81,686 | -58.9% |
| Trade debts | 44 | €244,554 | €278,725 | +€34,171 | +14.0% |
| Suppliers | 440/4 | €244,554 | €278,725 | +€34,171 | +14.0% |
| Taxes, remuneration and social security | 45 | €56,362 | €108,175 | +€51,814 | +91.9% |
| Taxes | 450/3 | €50,468 | €108,139 | +€57,671 | +114.3% |
| Remuneration and social security | 454/9 | €5,894 | €36 | -€5,858 | -99.4% |
| Other amounts payable | 47/48 | €15,120 | €52,234 | +€37,114 | +245.5% |
| Accrued charges and deferred income | 492/3 | €14,004 | €11,222 | -€2,782 | -19.9% |
| Non-recurring operating income | 76A | €3,666 | - | -€3,666 | |
| Remuneration, social security and pensions | 62 | €2,180 | €6 | -€2,174 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,995 | €31,044 | -€40,951 | -56.9% |
| Other operating charges | 640/8 | €420 | €5,009 | +€4,589 | +1092.2% |
| Non-recurring operating charges | 66A | €1,144 | - | -€1,144 | |
| Gross operating margin | 9900 | €194,902 | €178,396 | -€16,506 | -8.5% |
| Operating profit (loss) | 9901 | €119,162 | €142,337 | +€23,174 | +19.4% |
| Financial income | 75/76B | €235 | €730 | +€495 | +210.2% |
| Recurring financial income | 75 | €235 | €730 | +€495 | +210.2% |
| Financial charges | 65/66B | €28,154 | €26,569 | -€1,585 | -5.6% |
| Recurring financial charges | 65 | €28,154 | €26,569 | -€1,585 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €91,243 | €116,497 | +€25,254 | +27.7% |
| Income taxes | 67/77 | €28,023 | €42,575 | +€14,553 | +51.9% |
| Profit (loss) for the period | 9904 | €63,221 | €73,922 | +€10,701 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,221 | €73,922 | +€10,701 | +16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.