Utopi: 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.
Utopi
Largest movements
- Tangible fixed assets +€47,358
up €47,358 (+3766.3%), from €1,257 to €48,615
- Receivables within one year -€19,822
down €19,822 (-51.9%), from €38,177 to €18,355
of which Trade receivables: -€17,317
- Stocks and contracts -€10,000
down €10,000 (-30.1%), from €33,215 to €23,215
of which Contracts in progress: -€10,000
- Receivables after one year +€1,967
up €1,967 (+5.1%), from €38,845 to €40,811
of which Other amounts receivable: +€40,811
- Debts after one year +€34,007
new in 2025: €34,007
- Reserves -€23,807
down €23,807 (-56.4%), from €42,197 to €18,389
- Current portion of long-term debt +€9,158
new in 2025: €9,158
- Tax, wage and social debts +€8,234
up €8,234 (+35.7%), from €23,052 to €31,286
of which Remuneration and social security: +€8,000
- Trade debts -€7,507
down €7,507 (-24.6%), from €30,541 to €23,033
- Gross operating margin -€22,554
down €22,554, from €7,253 to -€15,300
- Depreciation +€6,624
up €6,624 (+687.0%), from €964 to €7,588
- Financial income +€1,900
up €1,900 (+647.4%), from €293 to €2,193
- Taxes -€1,501
down €1,501 (-85.7%), from €1,751 to €251
- Financial charges +€1,237
up €1,237 (+1092.3%), from €113 to €1,350
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 | €115,240 | €135,623 | +€20,383 | +17.7% |
| Fixed assets | 21/28 | €1,257 | €48,615 | +€47,358 | +3766.3% |
| Tangible fixed assets | 22/27 | €1,257 | €48,615 | +€47,358 | +3766.3% |
| Furniture and vehicles | 24 | €1,257 | €48,615 | +€47,358 | +3766.3% |
| Current assets | 29/58 | €113,982 | €87,008 | -€26,975 | -23.7% |
| Amounts receivable after more than one year | 29 | €38,845 | €40,811 | +€1,967 | +5.1% |
| Trade receivables | 290 | €38,845 | €0 | -€38,845 | -100.0% |
| Other amounts receivable | 291 | - | €40,811 | +€40,811 | |
| Stocks and contracts in progress | 3 | €33,215 | €23,215 | -€10,000 | -30.1% |
| Stocks | 30/36 | €13,215 | €13,215 | = | 0.0% |
| Contracts in progress | 37 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €38,177 | €18,355 | -€19,822 | -51.9% |
| Trade receivables | 40 | €23,489 | €6,172 | -€17,317 | -73.7% |
| Other amounts receivable | 41 | €14,688 | €12,183 | -€2,505 | -17.1% |
| Cash at bank and in hand | 54/58 | €2,161 | €2,847 | +€686 | +31.7% |
| Deferred charges and accrued income | 490/1 | €1,584 | €1,779 | +€195 | +12.3% |
| Total equity and liabilities | 10/49 | €115,240 | €135,623 | +€20,383 | +17.7% |
| Equity | 10/15 | €60,797 | €36,989 | -€23,807 | -39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,197 | €18,389 | -€23,807 | -56.4% |
| Distributable reserves | 133 | €42,197 | €18,389 | -€23,807 | -56.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,443 | €98,634 | +€44,191 | +81.2% |
| Amounts payable after more than one year | 17 | - | €34,007 | +€34,007 | |
| Financial debts | 170/4 | - | €34,007 | +€34,007 | |
| Amounts payable within one year | 42/48 | €53,593 | €63,477 | +€9,884 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,158 | +€9,158 | |
| Trade debts | 44 | €30,541 | €23,033 | -€7,507 | -24.6% |
| Suppliers | 440/4 | €30,541 | €23,033 | -€7,507 | -24.6% |
| Taxes, remuneration and social security | 45 | €23,052 | €31,286 | +€8,234 | +35.7% |
| Taxes | 450/3 | €2,252 | €2,486 | +€234 | +10.4% |
| Remuneration and social security | 454/9 | €20,800 | €28,800 | +€8,000 | +38.5% |
| Accrued charges and deferred income | 492/3 | €850 | €1,150 | +€300 | +35.3% |
| Non-recurring operating income | 76A | - | €2,715 | +€2,715 | |
| Remuneration, social security and pensions | 62 | €0 | €156 | +€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €964 | €7,588 | +€6,624 | +687.0% |
| Other operating charges | 640/8 | €1,068 | €1,356 | +€288 | +27.0% |
| Gross operating margin | 9900 | €7,253 | -€15,300 | -€22,554 | |
| Operating profit (loss) | 9901 | €5,221 | -€24,400 | -€29,621 | |
| Financial income | 75/76B | €293 | €2,193 | +€1,900 | +647.4% |
| Recurring financial income | 75 | €293 | €2,193 | +€1,900 | +647.4% |
| Financial charges | 65/66B | €113 | €1,350 | +€1,237 | +1092.3% |
| Recurring financial charges | 65 | €113 | €1,350 | +€1,237 | +1092.3% |
| Profit (loss) for the period before taxes | 9903 | €5,401 | -€23,557 | -€28,958 | |
| Income taxes | 67/77 | €1,751 | €251 | -€1,501 | -85.7% |
| Profit (loss) for the period | 9904 | €3,650 | -€23,807 | -€27,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,650 | -€23,807 | -€27,457 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.