United Traders Group: 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 Traders Group
Largest movements
- Tangible fixed assets +€55,222
up €55,222 (+97.1%), from €56,866 to €112,087
of which Furniture and vehicles: +€62,731
- Cash -€34,344
down €34,344 (-33.1%), from €103,839 to €69,495
mainly Investment in fixed assets (net) (-€83,517) and Other debts (-€53,823)
- Receivables within one year +€24,459
up €24,459 (+1,170%), from €2,090 to €26,548
of which Trade receivables: +€20,500
- Other debts -€53,823
down €53,823 (-72.2%), from €74,559 to €20,736
- Debts after one year +€44,668
up €44,668 (+3,171%), from €1,409 to €46,077
- Reserves +€36,936
up €36,936 (+73.9%), from €49,996 to €86,931
- Current portion of long-term debt +€10,364
up €10,364 (+123%), from €8,403 to €18,767
- Tax, wage and social debts +€5,430
up €5,430 (+24.6%), from €22,046 to €27,476
of which Taxes: +€4,917
- Staff costs +€18,242
up €18,242 (+10.7%), from €171,269 to €189,511
- Gross operating margin +€7,597
up €7,597 (+2.6%), from €294,072 to €301,669
- Depreciation +€4,800
up €4,800 (+20.4%), from €23,495 to €28,295
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 | €171,378 | €216,595 | +€45,217 | +26.4% |
| Fixed assets | 21/28 | €59,566 | €114,787 | +€55,222 | +92.7% |
| Tangible fixed assets | 22/27 | €56,866 | €112,087 | +€55,222 | +97.1% |
| Plant, machinery and equipment | 23 | €17,716 | €10,948 | -€6,768 | -38.2% |
| Furniture and vehicles | 24 | €38,130 | €100,861 | +€62,731 | +165% |
| Other tangible fixed assets | 26 | €1,020 | €279 | -€741 | -72.7% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €111,813 | €101,808 | -€10,005 | -8.9% |
| Stocks and contracts in progress | 3 | €4,410 | €4,861 | +€451 | +10.2% |
| Stocks | 30/36 | €4,410 | €4,861 | +€451 | +10.2% |
| Amounts receivable within one year | 40/41 | €2,090 | €26,548 | +€24,459 | +1,170% |
| Trade receivables | 40 | - | €20,500 | +€20,500 | |
| Other amounts receivable | 41 | €2,090 | €6,048 | +€3,959 | +189% |
| Cash at bank and in hand | 54/58 | €103,839 | €69,495 | -€34,344 | -33.1% |
| Deferred charges and accrued income | 490/1 | €1,474 | €903 | -€571 | -38.7% |
| Total equity and liabilities | 10/49 | €171,378 | €216,595 | +€45,217 | +26.4% |
| Equity | 10/15 | €50,996 | €87,931 | +€36,936 | +72.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €49,996 | €86,931 | +€36,936 | +73.9% |
| Distributable reserves | 133 | €49,996 | €86,931 | +€36,936 | +73.9% |
| Amounts payable | 17/49 | €120,383 | €128,663 | +€8,281 | +6.9% |
| Amounts payable after more than one year | 17 | €1,409 | €46,077 | +€44,668 | +3,171% |
| Financial debts | 170/4 | €1,409 | €46,077 | +€44,668 | +3,171% |
| Amounts payable within one year | 42/48 | €118,974 | €82,587 | -€36,387 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €8,403 | €18,767 | +€10,364 | +123% |
| Trade debts | 44 | €13,966 | €15,608 | +€1,642 | +11.8% |
| Suppliers | 440/4 | €13,966 | €15,608 | +€1,642 | +11.8% |
| Taxes, remuneration and social security | 45 | €22,046 | €27,476 | +€5,430 | +24.6% |
| Taxes | 450/3 | €2,814 | €7,731 | +€4,917 | +175% |
| Remuneration and social security | 454/9 | €19,232 | €19,745 | +€513 | +2.7% |
| Other amounts payable | 47/48 | €74,559 | €20,736 | -€53,823 | -72.2% |
| Non-recurring operating income | 76A | €4,252 | €4,132 | -€120 | -2.8% |
| Remuneration, social security and pensions | 62 | €171,269 | €189,511 | +€18,242 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,495 | €28,295 | +€4,800 | +20.4% |
| Other operating charges | 640/8 | €1,817 | €2,229 | +€411 | +22.6% |
| Non-recurring operating charges | 66A | €989 | - | -€989 | |
| Gross operating margin | 9900 | €294,072 | €301,669 | +€7,597 | +2.6% |
| Operating profit (loss) | 9901 | €96,501 | €81,634 | -€14,867 | -15.4% |
| Financial income | 75/76B | €3 | €24 | +€20 | +601% |
| Recurring financial income | 75 | €3 | €24 | +€20 | +601% |
| Financial charges | 65/66B | €956 | €2,742 | +€1,786 | +187% |
| Recurring financial charges | 65 | €956 | €2,742 | +€1,786 | +187% |
| Profit (loss) for the period before taxes | 9903 | €95,549 | €78,916 | -€16,633 | -17.4% |
| Income taxes | 67/77 | €21,928 | €21,980 | +€52 | +0.2% |
| Profit (loss) for the period | 9904 | €73,621 | €56,936 | -€16,685 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,621 | €56,936 | -€16,685 | -22.7% |
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 18 October 2026 via checked.be.