THEUNIS: 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.
THEUNIS
Largest movements
- Tangible fixed assets +€133,325
up €133,325 (+27.4%), from €487,442 to €620,767
of which Land and buildings: +€199,102
- Stocks and contracts +€132,627
up €132,627 (+9.3%), from €1.4m to €1.6m
- Cash -€71,436
down €71,436 (-16.2%), from €439,957 to €368,521
mainly Investment in fixed assets (net) (-€227,604) and Stocks and contracts (-€132,627)
- Receivables within one year +€67,015
up €67,015 (+7.2%), from €928,704 to €995,719
of which Trade receivables: +€99,774
- Short-term financial debts +€150,000
up €150,000 (+17.6%), from €850,000 to €1.0m
- Debts after one year +€58,576
up €58,576 (+23.8%), from €245,850 to €304,426
- Trade debts +€47,879
up €47,879 (+7.0%), from €688,866 to €736,745
- Gross operating margin -€171,220
down €171,220 (-18.2%), from €940,864 to €769,644
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 | €3,288,572 | €3,550,103 | +€261,531 | +8.0% |
| Fixed assets | 21/28 | €488,341 | €621,666 | +€133,325 | +27.3% |
| Tangible fixed assets | 22/27 | €487,442 | €620,767 | +€133,325 | +27.4% |
| Land and buildings | 22 | €270,131 | €469,233 | +€199,102 | +73.7% |
| Plant, machinery and equipment | 23 | €35,658 | €29,863 | -€5,795 | -16.3% |
| Furniture and vehicles | 24 | €181,653 | €121,671 | -€59,982 | -33.0% |
| Financial fixed assets | 28 | €899 | €899 | = | 0.0% |
| Current assets | 29/58 | €2,800,231 | €2,928,437 | +€128,206 | +4.6% |
| Stocks and contracts in progress | 3 | €1,431,570 | €1,564,197 | +€132,627 | +9.3% |
| Stocks | 30/36 | €1,431,570 | €1,564,197 | +€132,627 | +9.3% |
| Amounts receivable within one year | 40/41 | €928,704 | €995,719 | +€67,015 | +7.2% |
| Trade receivables | 40 | €871,899 | €971,673 | +€99,774 | +11.4% |
| Other amounts receivable | 41 | €56,805 | €24,046 | -€32,759 | -57.7% |
| Cash at bank and in hand | 54/58 | €439,957 | €368,521 | -€71,436 | -16.2% |
| Total equity and liabilities | 10/49 | €3,288,572 | €3,550,103 | +€261,531 | +8.0% |
| Equity | 10/15 | €1,235,784 | €1,208,479 | -€27,305 | -2.2% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €48,784 | €48,784 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,373 | €44,373 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Other | 1319 | €29,499 | €29,499 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,411 | €4,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,038,264 | €1,010,959 | -€27,305 | -2.6% |
| Amounts payable | 17/49 | €2,052,788 | €2,341,624 | +€288,836 | +14.1% |
| Amounts payable after more than one year | 17 | €245,850 | €304,426 | +€58,576 | +23.8% |
| Financial debts | 170/4 | €245,850 | €304,426 | +€58,576 | +23.8% |
| Amounts payable within one year | 42/48 | €1,806,938 | €2,037,198 | +€230,260 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €118,666 | €137,766 | +€19,100 | +16.1% |
| Financial debts | 43 | €850,000 | €1,000,000 | +€150,000 | +17.6% |
| Credit institutions | 430/8 | €850,000 | €1,000,000 | +€150,000 | +17.6% |
| Trade debts | 44 | €688,866 | €736,745 | +€47,879 | +7.0% |
| Suppliers | 440/4 | €688,866 | €736,745 | +€47,879 | +7.0% |
| Taxes, remuneration and social security | 45 | €113,003 | €127,735 | +€14,732 | +13.0% |
| Taxes | 450/3 | €52,895 | €64,860 | +€11,965 | +22.6% |
| Remuneration and social security | 454/9 | €60,108 | €62,875 | +€2,767 | +4.6% |
| Other amounts payable | 47/48 | €36,403 | €34,952 | -€1,451 | -4.0% |
| Remuneration, social security and pensions | 62 | €516,180 | €524,361 | +€8,181 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,862 | €94,279 | -€583 | -0.6% |
| Other operating charges | 640/8 | €10,286 | €12,152 | +€1,866 | +18.1% |
| Non-recurring operating charges | 66A | €16,198 | €0 | -€16,198 | -100.0% |
| Gross operating margin | 9900 | €940,864 | €769,644 | -€171,220 | -18.2% |
| Operating profit (loss) | 9901 | €303,338 | €138,852 | -€164,486 | -54.2% |
| Financial charges | 65/66B | €63,671 | €55,874 | -€7,797 | -12.2% |
| Recurring financial charges | 65 | €63,671 | €55,874 | -€7,797 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €239,667 | €82,978 | -€156,689 | -65.4% |
| Income taxes | 67/77 | €71,778 | €70,283 | -€1,495 | -2.1% |
| Profit (loss) for the period | 9904 | €167,889 | €12,695 | -€155,194 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €167,889 | €12,695 | -€155,194 | -92.4% |
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 4 October 2026 via checked.be.