UNION TEAM CONSTRUCT: 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.
UNION TEAM CONSTRUCT
Largest movements
- Receivables within one year +€26,644
up €26,644 (+32.1%), from €83,035 to €109,678
of which Trade receivables: +€27,251
- Cash -€2,710
down €2,710 (-62.2%), from €4,356 to €1,646
mainly Receivables within one year (-€26,644)
- Trade debts +€18,241
up €18,241 (+337%), from €5,418 to €23,659
- Advances received +€2,912
up €2,912 (+4.2%), from €68,576 to €71,488
- Profit (loss) carried forward +€2,165
up €2,165 (+17.4%), from €12,464 to €14,628
- Gross operating margin -€23,846
down €23,846 (-84.3%), from €28,270 to €4,424
- Financial charges -€8,477
down €8,477 (-96.2%), from €8,816 to €339
- Depreciation -€3,688
down €3,688 (-85.7%), from €4,304 to €616
- Other operating charges -€1,587
down €1,587 (-66.8%), from €2,375 to €787
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.
Derived cash bridge
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 | €88,958 | €112,276 | +€23,318 | +26.2% |
| Fixed assets | 21/28 | €1,518 | €902 | -€616 | -40.6% |
| Tangible fixed assets | 22/27 | €1,398 | €782 | -€616 | -44.1% |
| Furniture and vehicles | 24 | €1,398 | €782 | -€616 | -44.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €87,440 | €111,374 | +€23,934 | +27.4% |
| Amounts receivable within one year | 40/41 | €83,035 | €109,678 | +€26,644 | +32.1% |
| Trade receivables | 40 | €80,919 | €108,171 | +€27,251 | +33.7% |
| Other amounts receivable | 41 | €2,115 | €1,508 | -€607 | -28.7% |
| Cash at bank and in hand | 54/58 | €4,356 | €1,646 | -€2,710 | -62.2% |
| Deferred charges and accrued income | 490/1 | €49 | €49 | = | 0.0% |
| Total equity and liabilities | 10/49 | €88,958 | €112,276 | +€23,318 | +26.2% |
| Equity | 10/15 | €14,964 | €17,128 | +€2,165 | +14.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | - | -€2,500 | |
| Issued capital | 100 | €2,500 | - | -€2,500 | |
| Contributions outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €12,464 | €14,628 | +€2,165 | +17.4% |
| Amounts payable | 17/49 | €73,994 | €95,148 | +€21,153 | +28.6% |
| Amounts payable within one year | 42/48 | €73,994 | €95,148 | +€21,153 | +28.6% |
| Trade debts | 44 | €5,418 | €23,659 | +€18,241 | +337% |
| Suppliers | 440/4 | €5,418 | €23,659 | +€18,241 | +337% |
| Advances received on contracts in progress | 46 | €68,576 | €71,488 | +€2,912 | +4.2% |
| Remuneration, social security and pensions | 62 | €312 | €517 | +€206 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,304 | €616 | -€3,688 | -85.7% |
| Other operating charges | 640/8 | €2,375 | €787 | -€1,587 | -66.8% |
| Gross operating margin | 9900 | €28,270 | €4,424 | -€23,846 | -84.3% |
| Operating profit (loss) | 9901 | €21,280 | €2,503 | -€18,776 | -88.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,816 | €339 | -€8,477 | -96.2% |
| Recurring financial charges | 65 | €8,816 | €339 | -€8,477 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €12,464 | €2,165 | -€10,299 | -82.6% |
| Profit (loss) for the period | 9904 | €12,464 | €2,165 | -€10,299 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,464 | €2,165 | -€10,299 | -82.6% |
Source: filed annual accounts (NBB), financial years ended 31 January 2023 and 31 January 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.