UNITED FOCUS: 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 FOCUS
Largest movements
- Receivables within one year -€328,836
down €328,836 (-54.1%), from €608,038 to €279,202
of which Other amounts receivable: -€302,617
- Cash +€25,306
up €25,306 (+131.8%), from €19,204 to €44,510
mainly Receivables within one year (+€328,836) and Tax, wage and social debts (+€45,394)
- Tangible fixed assets -€25,184
down €25,184 (-28.9%), from €87,251 to €62,067
of which Furniture and vehicles: -€15,652
- Deferred charges and accrued income -€14,773
down €14,773 (-92.7%), from €15,935 to €1,162
- Profit (loss) carried forward -€297,140
down €297,140 (-49.7%), from €597,957 to €300,817
- Trade debts -€62,508
down €62,508 (-38.3%), from €163,393 to €100,884
- Tax, wage and social debts +€45,394
up €45,394 (+225.7%), from €20,114 to €65,508
of which Taxes: +€43,182
- Current portion of long-term debt -€31,582
down €31,582 (-58.5%), from €54,031 to €22,449
- Gross operating margin -€282,829
down €282,829, from €236,230 to -€46,599
- Staff costs -€185,441
down €185,441 (-78.5%), from €236,303 to €50,862
- Other operating charges +€60,892
up €60,892 (+105.4%), from €57,753 to €118,645
- Taxes +€46,743
up €46,743 (+6580.9%), from €710 to €47,453
- Financial income -€7,330
down €7,330 (-99.9%), from €7,337 to €7
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 | €880,994 | €529,191 | -€351,803 | -39.9% |
| Fixed assets | 21/28 | €159,196 | €125,697 | -€33,499 | -21.0% |
| Intangible fixed assets | 21 | €34,308 | €25,993 | -€8,315 | -24.2% |
| Tangible fixed assets | 22/27 | €87,251 | €62,067 | -€25,184 | -28.9% |
| Plant, machinery and equipment | 23 | €47,907 | €38,375 | -€9,532 | -19.9% |
| Furniture and vehicles | 24 | €39,344 | €23,692 | -€15,652 | -39.8% |
| Financial fixed assets | 28 | €37,636 | €37,636 | = | 0.0% |
| Current assets | 29/58 | €721,798 | €403,495 | -€318,303 | -44.1% |
| Stocks and contracts in progress | 3 | €78,620 | €78,620 | = | 0.0% |
| Stocks | 30/36 | €78,620 | €78,620 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €608,038 | €279,202 | -€328,836 | -54.1% |
| Trade receivables | 40 | €227,882 | €201,664 | -€26,219 | -11.5% |
| Other amounts receivable | 41 | €380,156 | €77,539 | -€302,617 | -79.6% |
| Cash at bank and in hand | 54/58 | €19,204 | €44,510 | +€25,306 | +131.8% |
| Deferred charges and accrued income | 490/1 | €15,935 | €1,162 | -€14,773 | -92.7% |
| Total equity and liabilities | 10/49 | €880,994 | €529,191 | -€351,803 | -39.9% |
| Equity | 10/15 | €618,417 | €321,277 | -€297,140 | -48.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €597,957 | €300,817 | -€297,140 | -49.7% |
| Amounts payable | 17/49 | €262,577 | €207,915 | -€54,662 | -20.8% |
| Amounts payable within one year | 42/48 | €262,577 | €207,915 | -€54,662 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €54,031 | €22,449 | -€31,582 | -58.5% |
| Trade debts | 44 | €163,393 | €100,884 | -€62,508 | -38.3% |
| Suppliers | 440/4 | €163,393 | €100,884 | -€62,508 | -38.3% |
| Taxes, remuneration and social security | 45 | €20,114 | €65,508 | +€45,394 | +225.7% |
| Taxes | 450/3 | €4,242 | €47,424 | +€43,182 | +1018.0% |
| Remuneration and social security | 454/9 | €15,873 | €18,084 | +€2,212 | +13.9% |
| Other amounts payable | 47/48 | €25,039 | €19,073 | -€5,966 | -23.8% |
| Non-recurring operating income | 76A | €131,650 | - | -€131,650 | |
| Remuneration, social security and pensions | 62 | €236,303 | €50,862 | -€185,441 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,951 | €33,499 | +€2,549 | +8.2% |
| Other operating charges | 640/8 | €57,753 | €118,645 | +€60,892 | +105.4% |
| Gross operating margin | 9900 | €236,230 | -€46,599 | -€282,829 | |
| Operating profit (loss) | 9901 | -€88,776 | -€249,605 | -€160,829 | -181.2% |
| Financial income | 75/76B | €7,337 | €7 | -€7,330 | -99.9% |
| Recurring financial income | 75 | €7,337 | €7 | -€7,330 | -99.9% |
| Financial charges | 65/66B | €5,116 | €90 | -€5,027 | -98.2% |
| Recurring financial charges | 65 | €5,116 | €90 | -€5,027 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | -€86,555 | -€249,687 | -€163,132 | -188.5% |
| Income taxes | 67/77 | €710 | €47,453 | +€46,743 | +6580.9% |
| Profit (loss) for the period | 9904 | -€87,265 | -€297,140 | -€209,875 | -240.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,265 | -€297,140 | -€209,875 | -240.5% |
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 5 October 2026 via checked.be.