UNITED GAMES: 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.
UNITED GAMES
Largest movements
- Cash +€654,435
up €654,435 (+57.4%), from €1.1m to €1.8m
mainly Net result for the year (+€1.6m) and Depreciation (+€1.0m)
- Receivables within one year +€623,786
up €623,786 (+10.4%), from €6.0m to €6.6m
of which Other amounts receivable: +€1.5m
- Receivables after one year +€377,832
up €377,832 (+378%), from €100,000 to €477,832
- Deferred charges and accrued income -€159,223
down €159,223 (-63.4%), from €251,077 to €91,854
- Profit (loss) carried forward +€1.6m
up €1.6m (+4.9%), from -€32.2m to -€30.6m
- Tax, wage and social debts +€723,993
up €723,993 (+65.2%), from €1.1m to €1.8m
of which Taxes: +€532,741
- Trade debts -€672,699
down €672,699 (-86.1%), from €781,124 to €108,426
- Other debts -€303,521
down €303,521 (-16.9%), from €1.8m to €1.5m
- Accrued charges and deferred income +€212,985
up €212,985 (+190%), from €112,227 to €325,212
- Financial charges -€19.1m
down €19.1m (-99.4%), from €19.2m to €119,512
- Gross operating margin +€9.8m
up €9.8m (+5,117%), from €191,929 to €10.0m
- Other operating charges +€4.3m
up €4.3m (+41,255%), from €10,376 to €4.3m
- Staff costs +€3.0m
up €3.0m (+3,256%), from €92,690 to €3.1m
- Depreciation +€964,388
up €964,388 (+1,690%), from €57,080 to €1.0m
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 | €10,723,246 | €12,266,530 | +€1.5m | +14.4% |
| Fixed assets | 21/28 | €3,254,640 | €3,301,095 | +€46,454 | +1.4% |
| Intangible fixed assets | 21 | €1,910,604 | €1,982,734 | +€72,130 | +3.8% |
| Tangible fixed assets | 22/27 | €557,519 | €540,922 | -€16,597 | -3.0% |
| Plant, machinery and equipment | 23 | €424,323 | €235,696 | -€188,628 | -44.5% |
| Furniture and vehicles | 24 | €128,052 | €92,884 | -€35,168 | -27.5% |
| Other tangible fixed assets | 26 | €5,144 | €212,343 | +€207,199 | +4,028% |
| Financial fixed assets | 28 | €786,517 | €777,439 | -€9,078 | -1.2% |
| Current assets | 29/58 | €7,468,605 | €8,965,435 | +€1.5m | +20.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €477,832 | +€377,832 | +378% |
| Other amounts receivable | 291 | €100,000 | €477,832 | +€377,832 | +378% |
| Amounts receivable within one year | 40/41 | €5,976,646 | €6,600,432 | +€623,786 | +10.4% |
| Trade receivables | 40 | €2,344,974 | €1,505,524 | -€839,450 | -35.8% |
| Other amounts receivable | 41 | €3,631,672 | €5,094,908 | +€1.5m | +40.3% |
| Cash at bank and in hand | 54/58 | €1,140,883 | €1,795,318 | +€654,435 | +57.4% |
| Deferred charges and accrued income | 490/1 | €251,077 | €91,854 | -€159,223 | -63.4% |
| Total equity and liabilities | 10/49 | €10,723,246 | €12,266,530 | +€1.5m | +14.4% |
| Equity | 10/15 | €6,897,473 | €8,479,998 | +€1.6m | +22.9% |
| Contributions | 10/11 | €39,077,144 | €39,077,144 | = | 0.0% |
| Capital | 10 | €31,189,163 | €31,189,163 | = | 0.0% |
| Issued capital | 100 | €31,189,163 | €31,189,163 | = | 0.0% |
| Contributions outside capital | 11 | €7,887,981 | €7,887,981 | = | 0.0% |
| Share premium | 1100/10 | €7,887,981 | €7,887,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,179,671 | -€30,597,146 | +€1.6m | +4.9% |
| Provisions and deferred taxes | 16 | €28,314 | €28,314 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €28,314 | €28,314 | = | 0.0% |
| Pensions and similar obligations | 160 | €28,314 | €28,314 | = | 0.0% |
| Amounts payable | 17/49 | €3,797,459 | €3,758,218 | -€39,241 | -1.0% |
| Amounts payable within one year | 42/48 | €3,685,232 | €3,433,006 | -€252,226 | -6.8% |
| Trade debts | 44 | €781,124 | €108,426 | -€672,699 | -86.1% |
| Suppliers | 440/4 | €781,124 | €108,426 | -€672,699 | -86.1% |
| Taxes, remuneration and social security | 45 | €1,110,257 | €1,834,250 | +€723,993 | +65.2% |
| Taxes | 450/3 | €732,600 | €1,265,340 | +€532,741 | +72.7% |
| Remuneration and social security | 454/9 | €377,657 | €568,910 | +€191,253 | +50.6% |
| Other amounts payable | 47/48 | €1,793,851 | €1,490,330 | -€303,521 | -16.9% |
| Accrued charges and deferred income | 492/3 | €112,227 | €325,212 | +€212,985 | +190% |
| Non-recurring operating income | 76A | - | €14,936 | +€14,936 | |
| Remuneration, social security and pensions | 62 | €92,690 | €3,110,843 | +€3.0m | +3,256% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,080 | €1,021,467 | +€964,388 | +1,690% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€595,046 | -€595,046 | |
| Other operating charges | 640/8 | €10,376 | €4,291,093 | +€4.3m | +41,255% |
| Non-recurring operating charges | 66A | - | €171,839 | +€171,839 | |
| Gross operating margin | 9900 | €191,929 | €10,012,421 | +€9.8m | +5,117% |
| Operating profit (loss) | 9901 | €31,783 | €2,012,225 | +€2.0m | +6,231% |
| Financial income | 75/76B | €6,850 | €66,109 | +€59,259 | +865% |
| Recurring financial income | 75 | €6,850 | €66,109 | +€59,259 | +865% |
| Financial charges | 65/66B | €19,199,638 | €119,512 | -€19.1m | -99.4% |
| Recurring financial charges | 65 | €19,199,638 | €119,512 | -€19.1m | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,161,005 | €1,958,821 | +€21.1m | |
| Income taxes | 67/77 | €254 | €376,296 | +€376,042 | +148,130% |
| Profit (loss) for the period | 9904 | -€19,161,259 | €1,582,525 | +€20.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,161,259 | €1,582,525 | +€20.7m |
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 27 October 2026 via checked.be.