UTSFTS: 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.
UTSFTS
Largest movements
- Cash -€7,027
down €7,027 (-87.9%), from €7,992 to €965
mainly Net result for the year (-€17,436) and Trade debts (-€1,838)
- Receivables within one year -€6,598
down €6,598 (-12.3%), from €53,852 to €47,254
of which Trade receivables: -€6,905
- Profit (loss) carried forward -€17,436
down €17,436 (-47.4%), from €36,761 to €19,325
- Other debts +€5,500
up €5,500 (+79.6%), from €6,914 to €12,414
- Trade debts -€1,838
down €1,838 (-21.7%), from €8,455 to €6,618
- Write-downs +€7,005
new in 2025: €7,005
- Taxes -€6,537
down €6,537 (-84.8%), from €7,709 to €1,172
- Gross operating margin +€2,666
up €2,666 (+23.8%), from -€11,187 to -€8,521
- Financial charges +€219
up €219 (+298%), from €74 to €293
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 | €62,245 | €48,357 | -€13,887 | -22.3% |
| Fixed assets | 21/28 | €138 | €138 | = | 0.0% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €62,107 | €48,219 | -€13,887 | -22.4% |
| Amounts receivable within one year | 40/41 | €53,852 | €47,254 | -€6,598 | -12.3% |
| Trade receivables | 40 | €53,852 | €46,947 | -€6,905 | -12.8% |
| Other amounts receivable | 41 | - | €307 | +€307 | |
| Cash at bank and in hand | 54/58 | €7,992 | €965 | -€7,027 | -87.9% |
| Deferred charges and accrued income | 490/1 | €262 | - | -€262 | |
| Total equity and liabilities | 10/49 | €62,245 | €48,357 | -€13,887 | -22.3% |
| Equity | 10/15 | €46,761 | €29,325 | -€17,436 | -37.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,761 | €19,325 | -€17,436 | -47.4% |
| Amounts payable | 17/49 | €15,483 | €19,032 | +€3,549 | +22.9% |
| Amounts payable within one year | 42/48 | €15,483 | €19,032 | +€3,549 | +22.9% |
| Trade debts | 44 | €8,455 | €6,618 | -€1,838 | -21.7% |
| Suppliers | 440/4 | €8,455 | €6,618 | -€1,838 | -21.7% |
| Taxes, remuneration and social security | 45 | €114 | - | -€114 | |
| Taxes | 450/3 | €114 | - | -€114 | |
| Other amounts payable | 47/48 | €6,914 | €12,414 | +€5,500 | +79.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,005 | +€7,005 | |
| Other operating charges | 640/8 | €387 | €450 | +€62 | +16.1% |
| Gross operating margin | 9900 | -€11,187 | -€8,521 | +€2,666 | +23.8% |
| Operating profit (loss) | 9901 | -€11,574 | -€15,976 | -€4,402 | -38.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €74 | €293 | +€219 | +298% |
| Recurring financial charges | 65 | €74 | €293 | +€219 | +298% |
| Profit (loss) for the period before taxes | 9903 | -€11,647 | -€16,265 | -€4,617 | -39.6% |
| Income taxes | 67/77 | €7,709 | €1,172 | -€6,537 | -84.8% |
| Profit (loss) for the period | 9904 | -€19,356 | -€17,436 | +€1,920 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,356 | -€17,436 | +€1,920 | +9.9% |
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 17 October 2026 via checked.be.