UNITED PROJECTS: 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 PROJECTS
Largest movements
- Cash -€3,148
down €3,148 (-33.7%), from €9,331 to €6,183
mainly Net result for the year (-€3,277) and Receivables within one year (-€29)
- Tangible fixed assets -€157
down €157 (-100.0%), from €157 to €0
- Profit (loss) carried forward -€3,277
down €3,277 (-15.9%), from -€20,564 to -€23,840
- Other operating charges +€808
up €808 (+684.8%), from €118 to €926
- Financial charges -€594
down €594 (-79.8%), from €744 to €150
- Depreciation -€239
down €239 (-60.4%), from €396 to €157
- Gross operating margin -€207
down €207 (-11.2%), from -€1,837 to -€2,044
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 | €11,106 | €7,829 | -€3,277 | -29.5% |
| Fixed assets | 21/28 | €157 | €0 | -€157 | -100.0% |
| Tangible fixed assets | 22/27 | €157 | €0 | -€157 | -100.0% |
| Plant, machinery and equipment | 23 | €157 | €0 | -€157 | -100.0% |
| Current assets | 29/58 | €10,949 | €7,829 | -€3,120 | -28.5% |
| Amounts receivable within one year | 40/41 | €1,618 | €1,646 | +€29 | +1.8% |
| Trade receivables | 40 | €826 | €826 | = | 0.0% |
| Other amounts receivable | 41 | €791 | €820 | +€29 | +3.6% |
| Cash at bank and in hand | 54/58 | €9,331 | €6,183 | -€3,148 | -33.7% |
| Total equity and liabilities | 10/49 | €11,106 | €7,829 | -€3,277 | -29.5% |
| Equity | 10/15 | -€1,964 | -€5,240 | -€3,277 | -166.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,564 | -€23,840 | -€3,277 | -15.9% |
| Amounts payable | 17/49 | €13,069 | €13,069 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,069 | €13,069 | = | 0.0% |
| Trade debts | 44 | €1,425 | €1,425 | = | 0.0% |
| Suppliers | 440/4 | €1,425 | €1,425 | = | 0.0% |
| Other amounts payable | 47/48 | €11,644 | €11,644 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €157 | -€239 | -60.4% |
| Other operating charges | 640/8 | €118 | €926 | +€808 | +684.8% |
| Gross operating margin | 9900 | -€1,837 | -€2,044 | -€207 | -11.2% |
| Operating profit (loss) | 9901 | -€2,351 | -€3,127 | -€776 | -33.0% |
| Financial charges | 65/66B | €744 | €150 | -€594 | -79.8% |
| Recurring financial charges | 65 | €744 | €150 | -€594 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,095 | -€3,277 | -€182 | -5.9% |
| Profit (loss) for the period | 9904 | -€3,095 | -€3,277 | -€182 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,095 | -€3,277 | -€182 | -5.9% |
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 11 October 2026 via checked.be.