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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.

What changed

EUnited

BE 0874.269.908
NACE 63.920, Other information service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€51,768
2024 · €21,656+€30,113
Equity
€1.0m
2024 · €967,675+€51,768
Cash
€332,854
2024 · €111,096+€221,758
Balance sheet total
€1.2m
2024 · €1.0m+€148,920

Largest movements

2024 to 2025
Assets
  • 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

Equity and liabilities
  • 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

Income statement
  • 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

effect on the 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.

Result 2024 €21,656
Gross operating margin +€83,694
Staff costs -€33,787
Depreciation +€226
Write-downs +€6,108
Other operating charges -€26,350
Other operating items -€722
Financial income -€217
Financial charges +€420
Taxes +€742
Result 2025 €51,768

Cash bridge derived

cash 2024 to 2025

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.

From operations +€175,856
Investment +€45,902
Financing €0
Cash 2024 €111,096
Net result for the year +€51,768
Depreciation +€1,369
Receivables within one year +€32,430
Deferred charges and accrued income -€6,863
Trade debts +€84,415
Tax, wage and social debts +€5,837
Accrued charges and deferred income +€6,900
Investment in fixed assets (net) -€930
Current investments +€46,832
Cash 2025 €332,854
Every line side by side 39 lines
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.