UNITED EXPRESS: what changed
Two fiscal 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.
UNITED EXPRESS
Largest movements
- Cash -€231,435
down €231,435 (-83.0%), from €278,963 to €47,529
mainly Other debts (-€200,000) and Net result for the year (-€62,814)
- Receivables within one year -€35,094
down €35,094 (-15.2%), from €231,240 to €196,146
of which Trade receivables: -€27,394
- Other debts -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Profit (loss) carried forward -€62,814
down €62,814 (-52.6%), from €119,322 to €56,508
- Turnover -€74,260
no longer reported in 2025 (was €74,260)
- Purchases and services -€50,373
down €50,373 (-46.5%), from €108,330 to €57,957
- Gross operating margin -€23,295
down €23,295 (-69.7%), from -€33,436 to -€56,731
- Taxes +€3,139
new in 2025: €3,139
- Financial income -€2,994
down €2,994 (-92.0%), from €3,254 to €260
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.
Cash bridge derived
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 | €512,477 | €245,934 | -€266,543 | -52.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,326 | €181 | -€1,145 | -86.3% |
| Tangible fixed assets | 22/27 | €1,326 | €181 | -€1,145 | -86.3% |
| Plant, machinery and equipment | 23 | €561 | €181 | -€380 | -67.7% |
| Furniture and vehicles | 24 | €765 | - | -€765 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €511,151 | €245,752 | -€265,399 | -51.9% |
| Amounts receivable within one year | 40/41 | €231,240 | €196,146 | -€35,094 | -15.2% |
| Trade receivables | 40 | €222,773 | €195,379 | -€27,394 | -12.3% |
| Other amounts receivable | 41 | €8,467 | €767 | -€7,700 | -90.9% |
| Cash at bank and in hand | 54/58 | €278,963 | €47,529 | -€231,435 | -83.0% |
| Deferred charges and accrued income | 490/1 | €947 | €2,078 | +€1,130 | +119.3% |
| Total equity and liabilities | 10/49 | €512,477 | €245,934 | -€266,543 | -52.0% |
| Equity | 10/15 | €307,944 | €245,130 | -€62,814 | -20.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €170,030 | €170,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €168,171 | €168,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,322 | €56,508 | -€62,814 | -52.6% |
| Amounts payable | 17/49 | €204,533 | €804 | -€203,729 | -99.6% |
| Amounts payable within one year | 42/48 | €204,533 | €804 | -€203,729 | -99.6% |
| Trade debts | 44 | €4,522 | €804 | -€3,719 | -82.2% |
| Suppliers | 440/4 | €4,522 | €804 | -€3,719 | -82.2% |
| Taxes, remuneration and social security | 45 | €10 | €0 | -€10 | -100.0% |
| Taxes | 450/3 | €10 | €0 | -€10 | -100.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €200,000 | €0 | -€200,000 | -100.0% |
| Turnover | 70 | €74,260 | - | -€74,260 | |
| Goods, raw materials, services and sundry goods | 60/61 | €108,330 | €57,957 | -€50,373 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,413 | €1,145 | -€269 | -19.0% |
| Other operating charges | 640/8 | - | €1,141 | +€1,141 | |
| Gross operating margin | 9900 | -€33,436 | -€56,731 | -€23,295 | -69.7% |
| Operating profit (loss) | 9901 | -€34,850 | -€59,017 | -€24,167 | -69.3% |
| Financial income | 75/76B | €3,254 | €260 | -€2,994 | -92.0% |
| Recurring financial income | 75 | €3,254 | €260 | -€2,994 | -92.0% |
| Financial charges | 65/66B | €1,377 | €918 | -€459 | -33.4% |
| Recurring financial charges | 65 | €1,377 | €918 | -€459 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,973 | -€59,675 | -€26,702 | -81.0% |
| Income taxes | 67/77 | - | €3,139 | +€3,139 | |
| Profit (loss) for the period | 9904 | -€32,973 | -€62,814 | -€29,841 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,973 | -€62,814 | -€29,841 | -90.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.