SMEunited: 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.
SMEunited
Largest movements
- Cash +€390,824
up €390,824 (+30.1%), from €1.3m to €1.7m
mainly Net result for the year (+€124,449) and Provisions (+€119,347)
- Receivables within one year -€85,811
down €85,811 (-29.6%), from €290,187 to €204,376
of which Trade receivables: -€83,215
- Profit (loss) carried forward +€124,449
up €124,449 (+14.2%), from €875,811 to €1.0m
- Provisions +€119,347
up €119,347 (+21.8%), from €547,252 to €666,599
- Trade debts +€69,642
up €69,642 (+111%), from €62,678 to €132,320
- Advances received +€35,399
new in 2024: €35,399
- Tax, wage and social debts -€28,419
down €28,419 (-21.4%), from €132,988 to €104,569
of which Taxes: -€20,191
- Staff costs -€201,313
down €201,313 (-16.0%), from €1.3m to €1.1m
- Gross operating margin +€29,441
up €29,441 (+2.3%), from €1.3m to €1.3m
- Write-downs -€15,862
down €15,862 (-59.0%), from €26,865 to €11,003
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,618,729 | €1,939,147 | +€320,418 | +19.8% |
| Fixed assets | 21/28 | €13,457 | €11,364 | -€2,093 | -15.6% |
| Tangible fixed assets | 22/27 | €13,457 | €10,959 | -€2,498 | -18.6% |
| Furniture and vehicles | 24 | €13,457 | €10,959 | -€2,498 | -18.6% |
| Financial fixed assets | 28 | - | €405 | +€405 | |
| Current assets | 29/58 | €1,605,272 | €1,927,783 | +€322,511 | +20.1% |
| Amounts receivable within one year | 40/41 | €290,187 | €204,376 | -€85,811 | -29.6% |
| Trade receivables | 40 | €227,667 | €144,452 | -€83,215 | -36.6% |
| Other amounts receivable | 41 | €62,520 | €59,924 | -€2,596 | -4.2% |
| Cash at bank and in hand | 54/58 | €1,296,782 | €1,687,606 | +€390,824 | +30.1% |
| Deferred charges and accrued income | 490/1 | €18,303 | €35,801 | +€17,498 | +95.6% |
| Total equity and liabilities | 10/49 | €1,618,729 | €1,939,147 | +€320,418 | +19.8% |
| Equity | 10/15 | €875,811 | €1,000,260 | +€124,449 | +14.2% |
| Profit (loss) carried forward | 14 | €875,811 | €1,000,260 | +€124,449 | +14.2% |
| Provisions and deferred taxes | 16 | €547,252 | €666,599 | +€119,347 | +21.8% |
| Provisions for liabilities and charges | 160/5 | €547,252 | €666,599 | +€119,347 | +21.8% |
| Other liabilities and charges | 164/5 | €547,252 | €666,599 | +€119,347 | +21.8% |
| Amounts payable | 17/49 | €195,666 | €272,288 | +€76,622 | +39.2% |
| Amounts payable within one year | 42/48 | €195,666 | €272,288 | +€76,622 | +39.2% |
| Trade debts | 44 | €62,678 | €132,320 | +€69,642 | +111% |
| Suppliers | 440/4 | €62,678 | €132,320 | +€69,642 | +111% |
| Advances received on contracts in progress | 46 | - | €35,399 | +€35,399 | |
| Taxes, remuneration and social security | 45 | €132,988 | €104,569 | -€28,419 | -21.4% |
| Taxes | 450/3 | €27,884 | €7,693 | -€20,191 | -72.4% |
| Remuneration and social security | 454/9 | €105,104 | €96,876 | -€8,228 | -7.8% |
| Remuneration, social security and pensions | 62 | €1,256,174 | €1,054,861 | -€201,313 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,984 | €5,630 | -€354 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,865 | €11,003 | -€15,862 | -59.0% |
| Other operating charges | 640/8 | €1,251 | €1,324 | +€73 | +5.8% |
| Gross operating margin | 9900 | €1,287,900 | €1,317,341 | +€29,441 | +2.3% |
| Operating profit (loss) | 9901 | €28,402 | €125,176 | +€96,774 | +341% |
| Financial charges | 65/66B | €319 | €516 | +€197 | +61.8% |
| Recurring financial charges | 65 | €319 | €516 | +€197 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €28,083 | €124,660 | +€96,577 | +344% |
| Income taxes | 67/77 | €266 | €211 | -€55 | -20.7% |
| Profit (loss) for the period | 9904 | €27,817 | €124,449 | +€96,632 | +347% |
| Profit (loss) for the period to be appropriated | 9905 | €27,817 | €124,449 | +€96,632 | +347% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.