FINANCE UNITED: 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.
FINANCE UNITED
Largest movements
- Cash -€58,627
down €58,627 (-66.9%), from €87,689 to €29,062
mainly Contributions, distributions and other (-€76,471) and Investment in fixed assets (net) (-€5,960)
- Receivables within one year +€5,490
up €5,490 (+11.4%), from €48,200 to €53,689
of which Trade receivables: +€20,908
- Deferred charges and accrued income -€2,491
down €2,491 (-40.6%), from €6,135 to €3,644
- Reserves -€63,943
down €63,943 (-50.6%), from €126,403 to €62,460
- Tax, wage and social debts +€5,403
up €5,403 (+35.9%), from €15,043 to €20,445
- Trade debts +€2,440
up €2,440 (+38.9%), from €6,270 to €8,711
- Gross operating margin -€148,901
down €148,901 (-83.2%), from €178,955 to €30,053
- Taxes -€33,794
down €33,794 (-77.3%), from €43,742 to €9,948
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 | €166,316 | €110,216 | -€56,100 | -33.7% |
| Fixed assets | 21/28 | €24,292 | €23,821 | -€471 | -1.9% |
| Tangible fixed assets | 22/27 | €24,292 | €23,821 | -€471 | -1.9% |
| Furniture and vehicles | 24 | €10,493 | €11,953 | +€1,460 | +13.9% |
| Other tangible fixed assets | 26 | €13,799 | €11,868 | -€1,931 | -14.0% |
| Current assets | 29/58 | €142,024 | €86,395 | -€55,629 | -39.2% |
| Amounts receivable within one year | 40/41 | €48,200 | €53,689 | +€5,490 | +11.4% |
| Trade receivables | 40 | €25,410 | €46,318 | +€20,908 | +82.3% |
| Other amounts receivable | 41 | €22,790 | €7,371 | -€15,419 | -67.7% |
| Cash at bank and in hand | 54/58 | €87,689 | €29,062 | -€58,627 | -66.9% |
| Deferred charges and accrued income | 490/1 | €6,135 | €3,644 | -€2,491 | -40.6% |
| Total equity and liabilities | 10/49 | €166,316 | €110,216 | -€56,100 | -33.7% |
| Equity | 10/15 | €145,003 | €81,060 | -€63,943 | -44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,403 | €62,460 | -€63,943 | -50.6% |
| Distributable reserves | 133 | €126,403 | €62,460 | -€63,943 | -50.6% |
| Amounts payable | 17/49 | €21,313 | €29,156 | +€7,843 | +36.8% |
| Amounts payable within one year | 42/48 | €21,313 | €29,156 | +€7,843 | +36.8% |
| Trade debts | 44 | €6,270 | €8,711 | +€2,440 | +38.9% |
| Suppliers | 440/4 | €6,270 | €8,711 | +€2,440 | +38.9% |
| Taxes, remuneration and social security | 45 | €15,043 | €20,445 | +€5,403 | +35.9% |
| Taxes | 450/3 | €15,043 | €20,445 | +€5,403 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,340 | €6,431 | +€92 | +1.4% |
| Other operating charges | 640/8 | €2,722 | €1,745 | -€977 | -35.9% |
| Gross operating margin | 9900 | €178,955 | €30,053 | -€148,901 | -83.2% |
| Operating profit (loss) | 9901 | €169,893 | €21,877 | -€148,016 | -87.1% |
| Financial income | 75/76B | €622 | €1,223 | +€601 | +96.6% |
| Recurring financial income | 75 | €622 | €1,223 | +€601 | +96.6% |
| Financial charges | 65/66B | €370 | €625 | +€255 | +68.9% |
| Recurring financial charges | 65 | €370 | €625 | +€255 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €170,145 | €22,475 | -€147,670 | -86.8% |
| Income taxes | 67/77 | €43,742 | €9,948 | -€33,794 | -77.3% |
| Profit (loss) for the period | 9904 | €126,403 | €12,527 | -€113,876 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €126,403 | €12,527 | -€113,876 | -90.1% |
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 20 October 2026 via checked.be.