UNITED BRAINS: what changed
UNITED BRAINS
Largest movements
- Cash -€4,486
down €4,486 (-67.0%), from €6,696 to €2,210
mainly Net result for the year (-€46,893) and Receivables within one year (-€1,809)
- Receivables within one year +€1,809
up €1,809 (+139%), from €1,299 to €3,109
of which Trade receivables: +€1,210
- Tangible fixed assets -€1,028
down €1,028 (-76.1%), from €1,351 to €323
- Profit (loss) carried forward -€46,893
down €46,893 (-20.2%), from -€231,760 to -€278,653
- Tax, wage and social debts +€28,665
up €28,665 (+76.3%), from €37,550 to €66,214
- Other debts +€14,221
up €14,221 (+8.9%), from €160,059 to €174,280
- Trade debts +€222
up €222 (+49.0%), from €453 to €675
- Gross operating margin -€4,202
down €4,202 (-10.1%), from -€41,513 to -€45,715
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,427 | €5,642 | -€3,785 | -40.2% |
| Fixed assets | 21/28 | €1,351 | €323 | -€1,028 | -76.1% |
| Tangible fixed assets | 22/27 | €1,351 | €323 | -€1,028 | -76.1% |
| Furniture and vehicles | 24 | €1,351 | €323 | -€1,028 | -76.1% |
| Current assets | 29/58 | €8,075 | €5,319 | -€2,757 | -34.1% |
| Amounts receivable within one year | 40/41 | €1,299 | €3,109 | +€1,809 | +139% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €1,299 | €1,899 | +€599 | +46.1% |
| Cash at bank and in hand | 54/58 | €6,696 | €2,210 | -€4,486 | -67.0% |
| Deferred charges and accrued income | 490/1 | €80 | - | -€80 | |
| Total equity and liabilities | 10/49 | €9,427 | €5,642 | -€3,785 | -40.2% |
| Equity | 10/15 | -€188,634 | -€235,527 | -€46,893 | -24.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,725 | €30,725 | = | 0.0% |
| Distributable reserves | 133 | €30,725 | €30,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,760 | -€278,653 | -€46,893 | -20.2% |
| Amounts payable | 17/49 | €198,061 | €241,169 | +€43,108 | +21.8% |
| Amounts payable within one year | 42/48 | €198,061 | €241,169 | +€43,108 | +21.8% |
| Trade debts | 44 | €453 | €675 | +€222 | +49.0% |
| Suppliers | 440/4 | €453 | €675 | +€222 | +49.0% |
| Taxes, remuneration and social security | 45 | €37,550 | €66,214 | +€28,665 | +76.3% |
| Remuneration and social security | 454/9 | €37,550 | €66,214 | +€28,665 | +76.3% |
| Other amounts payable | 47/48 | €160,059 | €174,280 | +€14,221 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €1,028 | -€120 | -10.4% |
| Gross operating margin | 9900 | -€41,513 | -€45,715 | -€4,202 | -10.1% |
| Operating profit (loss) | 9901 | -€42,661 | -€46,743 | -€4,082 | -9.6% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,796 | -€46,893 | -€4,097 | -9.6% |
| Profit (loss) for the period | 9904 | -€42,796 | -€46,893 | -€4,097 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,796 | -€46,893 | -€4,097 | -9.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.