United Value: 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 Value
Largest movements
- Stocks and contracts +€2.3m
up €2.3m (+1290.8%), from €177,664 to €2.5m
- Short-term financial debts +€1.8m
up €1.8m (+2506355.0%), from €74 to €1.8m
- Debts after one year +€533,853
up €533,853 (+273.8%), from €195,000 to €728,853
- Profit (loss) carried forward -€63,544
down €63,544, from €3,960 to -€59,584
- Financial charges +€60,620
up €60,620 (+1100177.3%), from €6 to €60,625
- Gross operating margin -€8,885
down €8,885, from €6,552 to -€2,334
- Taxes -€2,199
down €2,199 (-100.0%), from €2,199 to €0
- Other operating charges +€198
up €198 (+51.1%), from €387 to €585
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 | €236,713 | €2,538,865 | +€2.3m | +972.6% |
| Fixed assets | 21/28 | €540 | €15,540 | +€15,000 | +2777.8% |
| Financial fixed assets | 28 | €540 | €15,540 | +€15,000 | +2777.8% |
| Current assets | 29/58 | €236,173 | €2,523,325 | +€2.3m | +968.4% |
| Stocks and contracts in progress | 3 | €177,664 | €2,470,965 | +€2.3m | +1290.8% |
| Stocks | 30/36 | €177,664 | €2,470,965 | +€2.3m | +1290.8% |
| Amounts receivable within one year | 40/41 | €37,044 | €23,875 | -€13,169 | -35.5% |
| Trade receivables | 40 | €37,026 | €0 | -€37,026 | -100.0% |
| Other amounts receivable | 41 | €18 | €23,875 | +€23,857 | +133954.0% |
| Cash at bank and in hand | 54/58 | €21,355 | €27,484 | +€6,128 | +28.7% |
| Deferred charges and accrued income | 490/1 | €110 | €1,001 | +€891 | +810.1% |
| Total equity and liabilities | 10/49 | €236,713 | €2,538,865 | +€2.3m | +972.6% |
| Equity | 10/15 | €13,960 | -€49,584 | -€63,544 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,960 | -€59,584 | -€63,544 | |
| Amounts payable | 17/49 | €222,753 | €2,588,449 | +€2.4m | +1062.0% |
| Amounts payable after more than one year | 17 | €195,000 | €728,853 | +€533,853 | +273.8% |
| Financial debts | 170/4 | €195,000 | €728,853 | +€533,853 | +273.8% |
| Amounts payable within one year | 42/48 | €27,753 | €1,859,146 | +€1.8m | +6599.0% |
| Financial debts | 43 | €74 | €1,849,764 | +€1.8m | +2506355.0% |
| Credit institutions | 430/8 | €74 | €1,849,764 | +€1.8m | +2506355.0% |
| Trade debts | 44 | €2,492 | €9,383 | +€6,891 | +276.6% |
| Suppliers | 440/4 | €2,492 | €9,383 | +€6,891 | +276.6% |
| Taxes, remuneration and social security | 45 | €5,121 | €0 | -€5,121 | -100.0% |
| Taxes | 450/3 | €5,121 | €0 | -€5,121 | -100.0% |
| Other amounts payable | 47/48 | €20,067 | €0 | -€20,067 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Other operating charges | 640/8 | €387 | €585 | +€198 | +51.1% |
| Gross operating margin | 9900 | €6,552 | -€2,334 | -€8,885 | |
| Operating profit (loss) | 9901 | €6,164 | -€2,919 | -€9,083 | |
| Financial charges | 65/66B | €6 | €60,625 | +€60,620 | +1100177.3% |
| Recurring financial charges | 65 | €6 | €60,625 | +€60,620 | +1100177.3% |
| Profit (loss) for the period before taxes | 9903 | €6,159 | -€63,544 | -€69,703 | |
| Income taxes | 67/77 | €2,199 | €0 | -€2,199 | -100.0% |
| Profit (loss) for the period | 9904 | €3,960 | -€63,544 | -€67,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,960 | -€63,544 | -€67,504 |
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.