UNITED TRADE: 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 TRADE
Largest movements
- Stocks and contracts -€28,675
down €28,675 (-9.2%), from €312,459 to €283,784
- Cash -€26,596
down €26,596 (-41.3%), from €64,374 to €37,778
mainly Net result for the year (-€64,374) and Debts after one year (-€3,002)
- Reserves -€64,374
down €64,374 (-18.9%), from €340,000 to €275,626
- Trade debts +€10,151
up €10,151 (+27.6%), from €36,785 to €46,936
- Gross operating margin -€71,315
down €71,315, from €16,173 to -€55,142
- Taxes -€3,101
no longer reported in 2025 (was €3,101)
- Financial income -€1,853
down €1,853 (-39.3%), from €4,719 to €2,866
of which Financial income: -€1,918
- Financial charges -€794
down €794 (-8.7%), from €9,153 to €8,359
of which Financial charges: -€2,049
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 | €486,949 | €431,473 | -€55,476 | -11.4% |
| Fixed assets | 21/28 | €15,692 | €15,422 | -€270 | -1.7% |
| Tangible fixed assets | 22/27 | €15,692 | €15,422 | -€270 | -1.7% |
| Land and buildings | 22 | - | €2,766 | +€2,766 | |
| Furniture and vehicles | 24 | €1,891 | €1,391 | -€499 | -26.4% |
| Leasing and similar rights | 25 | €13,801 | €11,265 | -€2,536 | -18.4% |
| Current assets | 29/58 | €471,257 | €416,051 | -€55,206 | -11.7% |
| Stocks and contracts in progress | 3 | €312,459 | €283,784 | -€28,675 | -9.2% |
| Stocks | 30/36 | €312,459 | €283,784 | -€28,675 | -9.2% |
| Amounts receivable within one year | 40/41 | €93,386 | €94,489 | +€1,102 | +1.2% |
| Trade receivables | 40 | €83,487 | €91,228 | +€7,740 | +9.3% |
| Other amounts receivable | 41 | €9,899 | €3,261 | -€6,638 | -67.1% |
| Cash at bank and in hand | 54/58 | €64,374 | €37,778 | -€26,596 | -41.3% |
| Deferred charges and accrued income | 490/1 | €1,038 | - | -€1,038 | |
| Total equity and liabilities | 10/49 | €486,949 | €431,473 | -€55,476 | -11.4% |
| Equity | 10/15 | €366,049 | €301,676 | -€64,374 | -17.6% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €340,000 | €275,626 | -€64,374 | -18.9% |
| Distributable reserves | 133 | €340,000 | €275,626 | -€64,374 | -18.9% |
| Profit (loss) carried forward | 14 | €13,449 | €13,449 | = | 0.0% |
| Amounts payable | 17/49 | €120,900 | €129,798 | +€8,898 | +7.4% |
| Amounts payable after more than one year | 17 | €12,068 | €9,066 | -€3,002 | -24.9% |
| Financial debts | 170/4 | €12,068 | €9,066 | -€3,002 | -24.9% |
| Amounts payable within one year | 42/48 | €108,832 | €120,731 | +€11,900 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €2,355 | €2,801 | +€446 | +18.9% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €36,785 | €46,936 | +€10,151 | +27.6% |
| Suppliers | 440/4 | €36,785 | €46,936 | +€10,151 | +27.6% |
| Taxes, remuneration and social security | 45 | €17,059 | €20,995 | +€3,936 | +23.1% |
| Taxes | 450/3 | €17,059 | €20,995 | +€3,936 | +23.1% |
| Other amounts payable | 47/48 | €2,632 | - | -€2,632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,036 | €3,218 | +€182 | +6.0% |
| Other operating charges | 640/8 | €446 | €521 | +€75 | +16.8% |
| Gross operating margin | 9900 | €16,173 | -€55,142 | -€71,315 | |
| Operating profit (loss) | 9901 | €12,691 | -€58,881 | -€71,572 | |
| Financial income | 75/76B | €4,719 | €2,866 | -€1,853 | -39.3% |
| Recurring financial income | 75 | €4,719 | €2,801 | -€1,918 | -40.6% |
| Non-recurring financial income | 76B | - | €65 | +€65 | |
| Financial charges | 65/66B | €9,153 | €8,359 | -€794 | -8.7% |
| Recurring financial charges | 65 | €9,153 | €7,104 | -€2,049 | -22.4% |
| Non-recurring financial charges | 66B | - | €1,256 | +€1,256 | |
| Profit (loss) for the period before taxes | 9903 | €8,257 | -€64,374 | -€72,631 | |
| Income taxes | 67/77 | €3,101 | - | -€3,101 | |
| Profit (loss) for the period | 9904 | €5,156 | -€64,374 | -€69,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,156 | -€64,374 | -€69,530 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.