EUnited: 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.
EUnited
Largest movements
- Cash +€221,758
up €221,758 (+199.6%), from €111,096 to €332,854
mainly Trade debts (+€84,415) and Net result for the year (+€51,768)
- Current investments -€46,832
down €46,832 (-5.9%), from €797,096 to €750,264
- Receivables within one year -€32,430
down €32,430 (-31.9%), from €101,656 to €69,227
of which Trade receivables: -€20,258
- Trade debts +€84,415
up €84,415 (+169.5%), from €49,801 to €134,216
- Profit (loss) carried forward +€51,768
up €51,768 (+5.3%), from €967,675 to €1.0m
- Gross operating margin +€83,694
up €83,694 (+56.5%), from €148,045 to €231,739
- Staff costs +€33,787
up €33,787 (+27.7%), from €122,085 to €155,872
- Other operating charges +€26,350
up €26,350 (+1756.7%), from €1,500 to €27,850
- Write-downs -€6,108
down €6,108, from €2,750 to -€3,358
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 | €1,029,327 | €1,178,247 | +€148,920 | +14.5% |
| Fixed assets | 21/28 | €9,473 | €9,034 | -€439 | -4.6% |
| Tangible fixed assets | 22/27 | €3,473 | €3,034 | -€439 | -12.6% |
| Plant, machinery and equipment | 23 | €3,038 | €3,034 | -€4 | -0.1% |
| Furniture and vehicles | 24 | €435 | - | -€435 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €1,019,854 | €1,169,213 | +€149,359 | +14.6% |
| Amounts receivable within one year | 40/41 | €101,656 | €69,227 | -€32,430 | -31.9% |
| Trade receivables | 40 | €80,406 | €60,148 | -€20,258 | -25.2% |
| Other amounts receivable | 41 | €21,250 | €9,078 | -€12,172 | -57.3% |
| Current investments | 50/53 | €797,096 | €750,264 | -€46,832 | -5.9% |
| Cash at bank and in hand | 54/58 | €111,096 | €332,854 | +€221,758 | +199.6% |
| Deferred charges and accrued income | 490/1 | €10,006 | €16,868 | +€6,863 | +68.6% |
| Total equity and liabilities | 10/49 | €1,029,327 | €1,178,247 | +€148,920 | +14.5% |
| Equity | 10/15 | €967,675 | €1,019,443 | +€51,768 | +5.3% |
| Profit (loss) carried forward | 14 | €967,675 | €1,019,443 | +€51,768 | +5.3% |
| Amounts payable | 17/49 | €61,651 | €158,803 | +€97,152 | +157.6% |
| Amounts payable within one year | 42/48 | €61,651 | €151,903 | +€90,252 | +146.4% |
| Trade debts | 44 | €49,801 | €134,216 | +€84,415 | +169.5% |
| Suppliers | 440/4 | €49,801 | €134,216 | +€84,415 | +169.5% |
| Taxes, remuneration and social security | 45 | €11,850 | €17,688 | +€5,837 | +49.3% |
| Remuneration and social security | 454/9 | €11,850 | €17,688 | +€5,837 | +49.3% |
| Accrued charges and deferred income | 492/3 | - | €6,900 | +€6,900 | |
| Non-recurring operating income | 76A | - | €151 | +€151 | |
| Remuneration, social security and pensions | 62 | €122,085 | €155,872 | +€33,787 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,595 | €1,369 | -€226 | -14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,750 | -€3,358 | -€6,108 | |
| Other operating charges | 640/8 | €1,500 | €27,850 | +€26,350 | +1756.7% |
| Non-recurring operating charges | 66A | - | €722 | +€722 | |
| Gross operating margin | 9900 | €148,045 | €231,739 | +€83,694 | +56.5% |
| Operating profit (loss) | 9901 | €20,116 | €49,284 | +€29,168 | +145.0% |
| Financial income | 75/76B | €4,934 | €4,716 | -€217 | -4.4% |
| Recurring financial income | 75 | €4,934 | €4,716 | -€217 | -4.4% |
| Financial charges | 65/66B | €800 | €380 | -€420 | -52.5% |
| Recurring financial charges | 65 | €800 | €380 | -€420 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €24,250 | €53,620 | +€29,371 | +121.1% |
| Income taxes | 67/77 | €2,594 | €1,852 | -€742 | -28.6% |
| Profit (loss) for the period | 9904 | €21,656 | €51,768 | +€30,113 | +139.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,656 | €51,768 | +€30,113 | +139.1% |
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 5 October 2026 via checked.be.