UTROPI: 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.
UTROPI
Largest movements
- Current investments +€50,998
up €50,998 (+850%), from €6,001 to €56,999
- Cash +€31,109
up €31,109 (+40.5%), from €76,791 to €107,900
mainly Net result for the year (+€99,216) and Trade debts (+€3,530)
- Reserves +€99,000
up €99,000 (+111%), from €89,000 to €188,000
- Tax, wage and social debts -€18,285
down €18,285 (-56.5%), from €32,362 to €14,077
- Trade debts +€3,530
up €3,530 (+82.5%), from €4,277 to €7,807
- Gross operating margin +€16,738
up €16,738 (+14.7%), from €113,822 to €130,560
- Taxes +€4,831
up €4,831 (+20.6%), from €23,503 to €28,333
- Depreciation +€2,592
up €2,592 (+306%), from €847 to €3,439
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 | €129,544 | €213,006 | +€83,461 | +64.4% |
| Fixed assets | 21/28 | €28,252 | €29,503 | +€1,251 | +4.4% |
| Tangible fixed assets | 22/27 | €28,252 | €29,503 | +€1,251 | +4.4% |
| Furniture and vehicles | 24 | €1,536 | €2,799 | +€1,264 | +82.3% |
| Other tangible fixed assets | 26 | €26,717 | €26,704 | -€13 | 0.0% |
| Current assets | 29/58 | €101,292 | €183,503 | +€82,210 | +81.2% |
| Amounts receivable within one year | 40/41 | €18,500 | €18,604 | +€103 | +0.6% |
| Trade receivables | 40 | €18,500 | €18,604 | +€103 | +0.6% |
| Current investments | 50/53 | €6,001 | €56,999 | +€50,998 | +850% |
| Cash at bank and in hand | 54/58 | €76,791 | €107,900 | +€31,109 | +40.5% |
| Total equity and liabilities | 10/49 | €129,544 | €213,006 | +€83,461 | +64.4% |
| Equity | 10/15 | €91,905 | €191,122 | +€99,216 | +108% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €89,000 | €188,000 | +€99,000 | +111% |
| Distributable reserves | 133 | €89,000 | €188,000 | +€99,000 | +111% |
| Profit (loss) carried forward | 14 | €405 | €622 | +€216 | +53.3% |
| Amounts payable | 17/49 | €37,639 | €21,884 | -€15,755 | -41.9% |
| Amounts payable within one year | 42/48 | €37,639 | €21,884 | -€15,755 | -41.9% |
| Trade debts | 44 | €4,277 | €7,807 | +€3,530 | +82.5% |
| Suppliers | 440/4 | €4,277 | €7,807 | +€3,530 | +82.5% |
| Taxes, remuneration and social security | 45 | €32,362 | €14,077 | -€18,285 | -56.5% |
| Taxes | 450/3 | €32,362 | €14,077 | -€18,285 | -56.5% |
| Other amounts payable | 47/48 | €1,000 | €0 | -€1,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €3,439 | +€2,592 | +306% |
| Other operating charges | 640/8 | €284 | €293 | +€10 | +3.4% |
| Gross operating margin | 9900 | €113,822 | €130,560 | +€16,738 | +14.7% |
| Operating profit (loss) | 9901 | €112,692 | €126,828 | +€14,136 | +12.5% |
| Financial income | 75/76B | €313 | €1,596 | +€1,283 | +410% |
| Recurring financial income | 75 | €313 | €1,596 | +€1,283 | +410% |
| Financial charges | 65/66B | €97 | €875 | +€778 | +800% |
| Recurring financial charges | 65 | €97 | €875 | +€778 | +800% |
| Profit (loss) for the period before taxes | 9903 | €112,908 | €127,549 | +€14,641 | +13.0% |
| Income taxes | 67/77 | €23,503 | €28,333 | +€4,831 | +20.6% |
| Profit (loss) for the period | 9904 | €89,405 | €99,216 | +€9,811 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,405 | €99,216 | +€9,811 | +11.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.