UNITED PROPERTIES: 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 PROPERTIES
Largest movements
- Financial fixed assets -€37,500
no longer reported in 2025 (was €37,500)
- Receivables within one year -€1,755
down €1,755 (-83.1%), from €2,111 to €356
- Cash +€1,247
new in 2025: €1,247
mainly Net result for the year (+€85,289) and Investment in fixed assets (net) (+€37,500)
- Debts after one year -€125,000
no longer reported in 2025 (was €125,000)
- Profit (loss) carried forward +€85,289
up €85,289 (+5.5%), from -€1.6m to -€1.5m
- Other debts +€3,821
up €3,821 (+0.3%), from €1.4m to €1.4m
- Trade debts -€2,117
no longer reported in 2025 (was €2,117)
- Gross operating margin +€106,724
up €106,724, from -€20,066 to €86,658
- Financial charges -€7,372
down €7,372 (-98.0%), from €7,523 to €151
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 | €39,611 | €1,603 | -€38,008 | -96.0% |
| Fixed assets | 21/28 | €37,500 | - | -€37,500 | |
| Financial fixed assets | 28 | €37,500 | - | -€37,500 | |
| Current assets | 29/58 | €2,111 | €1,603 | -€508 | -24.0% |
| Amounts receivable within one year | 40/41 | €2,111 | €356 | -€1,755 | -83.1% |
| Trade receivables | 40 | €2,111 | €356 | -€1,755 | -83.1% |
| Cash at bank and in hand | 54/58 | - | €1,247 | +€1,247 | |
| Total equity and liabilities | 10/49 | €39,611 | €1,603 | -€38,008 | -96.0% |
| Equity | 10/15 | -€1,452,468 | -€1,367,179 | +€85,289 | +5.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €572 | €572 | = | 0.0% |
| Non-distributable reserves | 130/1 | €572 | €572 | = | 0.0% |
| Legal reserve | 130 | €572 | €572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,553,040 | -€1,467,751 | +€85,289 | +5.5% |
| Amounts payable | 17/49 | €1,492,078 | €1,368,782 | -€123,296 | -8.3% |
| Amounts payable after more than one year | 17 | €125,000 | - | -€125,000 | |
| Financial debts | 170/4 | €125,000 | - | -€125,000 | |
| Amounts payable within one year | 42/48 | €1,367,078 | €1,368,782 | +€1,704 | +0.1% |
| Trade debts | 44 | €2,117 | - | -€2,117 | |
| Suppliers | 440/4 | €2,117 | - | -€2,117 | |
| Other amounts payable | 47/48 | €1,364,961 | €1,368,782 | +€3,821 | +0.3% |
| Non-recurring operating income | 76A | - | €87,500 | +€87,500 | |
| Other operating charges | 640/8 | €1,324 | €1,218 | -€106 | -8.0% |
| Non-recurring operating charges | 66A | €299,199 | - | -€299,199 | |
| Gross operating margin | 9900 | -€20,066 | €86,658 | +€106,724 | |
| Operating profit (loss) | 9901 | -€320,589 | €85,440 | +€406,029 | |
| Financial charges | 65/66B | €7,523 | €151 | -€7,372 | -98.0% |
| Recurring financial charges | 65 | €7,523 | €151 | -€7,372 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | -€328,112 | €85,289 | +€413,401 | |
| Profit (loss) for the period | 9904 | -€328,112 | €85,289 | +€413,401 | |
| Profit (loss) for the period to be appropriated | 9905 | -€328,112 | €85,289 | +€413,401 |
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 10 October 2026 via checked.be.