UNITED TALENT: 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 TALENT
Largest movements
- Cash -€18,827
down €18,827 (-67.3%), from €27,971 to €9,144
mainly Other debts (-€22,133) and Debts after one year (-€15,220)
- Tangible fixed assets -€14,239
down €14,239 (-26.7%), from €53,265 to €39,026
of which Leasing and similar rights: -€16,241
- Receivables within one year -€3,439
down €3,439 (-15.0%), from €22,919 to €19,479
of which Other amounts receivable: -€1,892
- Other debts -€22,133
down €22,133 (-99.7%), from €22,202 to €69
- Debts after one year -€15,220
down €15,220 (-46.2%), from €32,969 to €17,749
- Tax, wage and social debts -€5,062
down €5,062 (-38.8%), from €13,034 to €7,973
- Profit (loss) carried forward +€4,027
up €4,027 (+70.5%), from -€5,715 to -€1,687
- Trade debts +€1,719
up €1,719 (+166%), from €1,036 to €2,754
- Gross operating margin +€8,456
up €8,456 (+46.3%), from €18,281 to €26,737
- Financial charges -€4,767
down €4,767 (-74.2%), from €6,429 to €1,662
- Taxes +€2,112
up €2,112 (+697%), from €303 to €2,415
- Depreciation +€642
up €642 (+3.5%), from €18,214 to €18,857
- Other operating charges -€286
no longer reported in 2025 (was €286)
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 | €106,894 | €70,682 | -€36,212 | -33.9% |
| Fixed assets | 21/28 | €53,265 | €39,026 | -€14,239 | -26.7% |
| Tangible fixed assets | 22/27 | €53,265 | €39,026 | -€14,239 | -26.7% |
| Plant, machinery and equipment | 23 | €2,909 | €4,121 | +€1,213 | +41.7% |
| Furniture and vehicles | 24 | €1,466 | €2,660 | +€1,194 | +81.4% |
| Leasing and similar rights | 25 | €47,700 | €31,459 | -€16,241 | -34.0% |
| Other tangible fixed assets | 26 | €1,190 | €785 | -€405 | -34.0% |
| Current assets | 29/58 | €53,628 | €31,656 | -€21,972 | -41.0% |
| Amounts receivable within one year | 40/41 | €22,919 | €19,479 | -€3,439 | -15.0% |
| Trade receivables | 40 | €18,423 | €16,875 | -€1,547 | -8.4% |
| Other amounts receivable | 41 | €4,496 | €2,604 | -€1,892 | -42.1% |
| Cash at bank and in hand | 54/58 | €27,971 | €9,144 | -€18,827 | -67.3% |
| Deferred charges and accrued income | 490/1 | €2,739 | €3,033 | +€294 | +10.7% |
| Total equity and liabilities | 10/49 | €106,894 | €70,682 | -€36,212 | -33.9% |
| Equity | 10/15 | €22,890 | €26,917 | +€4,027 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €16,204 | €16,204 | = | 0.0% |
| Distributable reserves | 133 | €16,204 | €16,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,715 | -€1,687 | +€4,027 | +70.5% |
| Amounts payable | 17/49 | €84,004 | €43,765 | -€40,239 | -47.9% |
| Amounts payable after more than one year | 17 | €32,969 | €17,749 | -€15,220 | -46.2% |
| Financial debts | 170/4 | €32,969 | €17,749 | -€15,220 | -46.2% |
| Amounts payable within one year | 42/48 | €51,035 | €26,016 | -€25,019 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €14,763 | €15,220 | +€457 | +3.1% |
| Trade debts | 44 | €1,036 | €2,754 | +€1,719 | +166% |
| Suppliers | 440/4 | €1,036 | €2,754 | +€1,719 | +166% |
| Taxes, remuneration and social security | 45 | €13,034 | €7,973 | -€5,062 | -38.8% |
| Taxes | 450/3 | €13,034 | €7,973 | -€5,062 | -38.8% |
| Other amounts payable | 47/48 | €22,202 | €69 | -€22,133 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,214 | €18,857 | +€642 | +3.5% |
| Other operating charges | 640/8 | €286 | - | -€286 | |
| Gross operating margin | 9900 | €18,281 | €26,737 | +€8,456 | +46.3% |
| Operating profit (loss) | 9901 | -€219 | €7,880 | +€8,100 | |
| Financial income | 75/76B | €244 | €224 | -€20 | -8.0% |
| Recurring financial income | 75 | €244 | €224 | -€20 | -8.0% |
| Financial charges | 65/66B | €6,429 | €1,662 | -€4,767 | -74.2% |
| Recurring financial charges | 65 | €6,429 | €1,662 | -€4,767 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,404 | €6,443 | +€12,847 | |
| Income taxes | 67/77 | €303 | €2,415 | +€2,112 | +697% |
| Profit (loss) for the period | 9904 | -€6,708 | €4,027 | +€10,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,708 | €4,027 | +€10,735 |
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 20 October 2026 via checked.be.