UTOPIA REAL ESTATE: 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.
UTOPIA REAL ESTATE
Largest movements
- Tangible fixed assets -€389,180
down €389,180 (-86.4%), from €450,665 to €61,485
of which Land and buildings: -€335,725
- Receivables within one year -€90,391
down €90,391 (-89.9%), from €100,585 to €10,194
of which Other amounts receivable: -€90,391
- Financial fixed assets +€30,000
up €30,000 (+3,849%), from €779 to €30,779
- Debts after one year -€489,593
down €489,593 (-99.5%), from €492,087 to €2,494
- Current portion of long-term debt +€34,336
up €34,336 (+17.7%), from €193,703 to €228,040
- Tax, wage and social debts -€33,893
down €33,893 (-62.3%), from €54,394 to €20,501
- Other debts +€20,309
up €20,309 (+102%), from €20,000 to €40,309
- Other operating charges +€40,907
up €40,907 (+835%), from €4,897 to €45,804
- Gross operating margin -€37,600
down €37,600 (-17.2%), from €218,117 to €180,517
- Financial charges +€13,302
up €13,302 (+202%), from €6,583 to €19,885
- Taxes +€12,541
up €12,541 (+20.9%), from €59,889 to €72,430
- Depreciation -€3,169
down €3,169 (-9.9%), from €31,970 to €28,802
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.
Derived cash bridge
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 | €1,420,663 | €962,430 | -€458,233 | -32.3% |
| Fixed assets | 21/28 | €1,319,652 | €946,851 | -€372,801 | -28.2% |
| Intangible fixed assets | 21 | €868,207 | €854,587 | -€13,621 | -1.6% |
| Tangible fixed assets | 22/27 | €450,665 | €61,485 | -€389,180 | -86.4% |
| Land and buildings | 22 | €335,725 | - | -€335,725 | |
| Plant, machinery and equipment | 23 | €1,000 | €500 | -€500 | -50.0% |
| Furniture and vehicles | 24 | €12,731 | €10,172 | -€2,559 | -20.1% |
| Other tangible fixed assets | 26 | €101,209 | €50,813 | -€50,397 | -49.8% |
| Financial fixed assets | 28 | €779 | €30,779 | +€30,000 | +3,849% |
| Current assets | 29/58 | €101,011 | €15,579 | -€85,432 | -84.6% |
| Amounts receivable within one year | 40/41 | €100,585 | €10,194 | -€90,391 | -89.9% |
| Trade receivables | 40 | €10,090 | €10,090 | = | 0.0% |
| Other amounts receivable | 41 | €90,495 | €104 | -€90,391 | -99.9% |
| Cash at bank and in hand | 54/58 | €405 | €5,364 | +€4,959 | +1,224% |
| Deferred charges and accrued income | 490/1 | €21 | €21 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,420,663 | €962,430 | -€458,233 | -32.3% |
| Equity | 10/15 | €651,120 | €664,716 | +€13,596 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €14,587 | +€12,727 | +684% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €12,727 | +€12,727 | |
| Profit (loss) carried forward | 14 | €630,660 | €631,528 | +€869 | +0.1% |
| Amounts payable | 17/49 | €769,543 | €297,714 | -€471,829 | -61.3% |
| Amounts payable after more than one year | 17 | €492,087 | €2,494 | -€489,593 | -99.5% |
| Financial debts | 170/4 | €492,087 | €2,494 | -€489,593 | -99.5% |
| Amounts payable within one year | 42/48 | €276,496 | €294,260 | +€17,764 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €193,703 | €228,040 | +€34,336 | +17.7% |
| Trade debts | 44 | €8,398 | €5,410 | -€2,988 | -35.6% |
| Suppliers | 440/4 | €8,398 | €5,410 | -€2,988 | -35.6% |
| Taxes, remuneration and social security | 45 | €54,394 | €20,501 | -€33,893 | -62.3% |
| Taxes | 450/3 | €54,394 | €20,501 | -€33,893 | -62.3% |
| Other amounts payable | 47/48 | €20,000 | €40,309 | +€20,309 | +102% |
| Accrued charges and deferred income | 492/3 | €960 | €960 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,970 | €28,802 | -€3,169 | -9.9% |
| Other operating charges | 640/8 | €4,897 | €45,804 | +€40,907 | +835% |
| Gross operating margin | 9900 | €218,117 | €180,517 | -€37,600 | -17.2% |
| Operating profit (loss) | 9901 | €181,249 | €105,911 | -€75,339 | -41.6% |
| Financial charges | 65/66B | €6,583 | €19,885 | +€13,302 | +202% |
| Recurring financial charges | 65 | €6,583 | €19,885 | +€13,302 | +202% |
| Profit (loss) for the period before taxes | 9903 | €174,667 | €86,026 | -€88,641 | -50.7% |
| Income taxes | 67/77 | €59,889 | €72,430 | +€12,541 | +20.9% |
| Profit (loss) for the period | 9904 | €114,778 | €13,596 | -€101,182 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,778 | €13,596 | -€101,182 | -88.2% |
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 27 October 2026 via checked.be.