UNITED1: what changed
Two fiscal 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.
UNITED1
Largest movements
- Cash +€10,415
up €10,415 (+65.7%), from €15,858 to €26,273
mainly Stocks and contracts (+€4,313) and Tax, wage and social debts (+€3,990)
- Stocks and contracts -€4,313
down €4,313 (-23.8%), from €18,102 to €13,789
- Tangible fixed assets -€1,666
down €1,666 (-17.9%), from €9,285 to €7,619
of which Land and buildings: -€1,242
- Tax, wage and social debts +€3,990
up €3,990 (+166.9%), from €2,390 to €6,380
- Trade debts -€2,546
down €2,546 (-90.7%), from €2,806 to €260
- Other debts +€2,050
up €2,050 (+1.9%), from €109,685 to €111,735
- Profit (loss) carried forward +€939
up €939 (+1.2%), from -€78,384 to -€77,444
- Financial charges -€2,625
down €2,625 (-53.5%), from €4,911 to €2,286
of which Non-recurring financial charges: -€3,992
- Gross operating margin +€809
up €809 (+25.2%), from €3,212 to €4,021
- Financial income +€552
up €552 (+35.8%), from €1,541 to €2,093
of which Financial income: +€915
- Staff costs -€354
down €354 (-48.2%), from €735 to €381
- Other operating charges +€117
up €117 (+16.5%), from €707 to €823
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 | €44,557 | €48,990 | +€4,432 | +9.9% |
| Fixed assets | 21/28 | €9,285 | €7,619 | -€1,666 | -17.9% |
| Tangible fixed assets | 22/27 | €9,285 | €7,619 | -€1,666 | -17.9% |
| Land and buildings | 22 | €8,235 | €6,993 | -€1,242 | -15.1% |
| Plant, machinery and equipment | 23 | €898 | €546 | -€352 | -39.2% |
| Furniture and vehicles | 24 | €152 | €80 | -€72 | -47.5% |
| Current assets | 29/58 | €35,273 | €41,371 | +€6,099 | +17.3% |
| Stocks and contracts in progress | 3 | €18,102 | €13,789 | -€4,313 | -23.8% |
| Stocks | 30/36 | €18,102 | €13,789 | -€4,313 | -23.8% |
| Amounts receivable within one year | 40/41 | €11 | €6 | -€6 | -50.7% |
| Other amounts receivable | 41 | €11 | €6 | -€6 | -50.7% |
| Cash at bank and in hand | 54/58 | €15,858 | €26,273 | +€10,415 | +65.7% |
| Deferred charges and accrued income | 490/1 | €1,302 | €1,304 | +€3 | +0.2% |
| Total equity and liabilities | 10/49 | €44,557 | €48,990 | +€4,432 | +9.9% |
| Equity | 10/15 | -€70,324 | -€69,384 | +€939 | +1.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Other | 1109/19 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,384 | -€77,444 | +€939 | +1.2% |
| Amounts payable | 17/49 | €114,881 | €118,374 | +€3,493 | +3.0% |
| Amounts payable within one year | 42/48 | €114,881 | €118,374 | +€3,493 | +3.0% |
| Trade debts | 44 | €2,806 | €260 | -€2,546 | -90.7% |
| Suppliers | 440/4 | €2,806 | €260 | -€2,546 | -90.7% |
| Taxes, remuneration and social security | 45 | €2,390 | €6,380 | +€3,990 | +166.9% |
| Taxes | 450/3 | €2,390 | €6,380 | +€3,990 | +166.9% |
| Other amounts payable | 47/48 | €109,685 | €111,735 | +€2,050 | +1.9% |
| Remuneration, social security and pensions | 62 | €735 | €381 | -€354 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €1,666 | -€0 | 0.0% |
| Other operating charges | 640/8 | €707 | €823 | +€117 | +16.5% |
| Gross operating margin | 9900 | €3,212 | €4,021 | +€809 | +25.2% |
| Operating profit (loss) | 9901 | €104 | €1,151 | +€1,046 | +1002.4% |
| Financial income | 75/76B | €1,541 | €2,093 | +€552 | +35.8% |
| Recurring financial income | 75 | €1,178 | €2,093 | +€915 | +77.7% |
| Non-recurring financial income | 76B | €364 | - | -€364 | |
| Financial charges | 65/66B | €4,911 | €2,286 | -€2,625 | -53.5% |
| Recurring financial charges | 65 | €526 | €1,892 | +€1,367 | +260.0% |
| Non-recurring financial charges | 66B | €4,386 | €394 | -€3,992 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,266 | €958 | +€4,223 | |
| Income taxes | 67/77 | - | €18 | +€18 | |
| Profit (loss) for the period | 9904 | -€3,266 | €939 | +€4,205 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,266 | €939 | +€4,205 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.