UNITED 7: 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.
What changed
UNITED 7
NACE 46.841, Wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€46,010
2023 · €36,274+€9,736
Equity
€170,783
2023 · €121,573+€49,210
Cash
€347,533
2023 · €92,175+€255,358
Balance sheet total
€6.8m
2023 · €6.3m+€450,063
Largest movements
Assets
- Receivables within one year +€398,371
up €398,371 (+35.2%), from €1.1m to €1.5m
of which Trade receivables: +€320,112
- Stocks and contracts -€292,225
down €292,225 (-5.9%), from €4.9m to €4.6m
- Cash +€255,358
up €255,358 (+277%), from €92,175 to €347,533
mainly Trade debts (+€448,449) and Stocks and contracts (+€292,225)
Equity and liabilities
- Trade debts +€448,449
up €448,449 (+7.7%), from €5.8m to €6.2m
- Advances received -€82,413
down €82,413 (-27.1%), from €304,002 to €221,589
Income statement
- Gross operating margin +€317,948
up €317,948 (+186%), from €171,107 to €489,055
- Other operating charges +€249,774
up €249,774 (+1,559%), from €16,018 to €265,792
- Staff costs +€37,610
up €37,610 (+57.2%), from €65,695 to €103,305
- Financial charges +€22,416
up €22,416 (+939%), from €2,388 to €24,804
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.
Result 2023
€36,274
Gross operating margin
+€317,948
Staff costs
-€37,610
Depreciation
+€2,183
Other operating charges
-€249,774
Financial income
-€3,802
Financial charges
-€22,416
Taxes
+€3,207
Result 2024
€46,010
raises the resultlowers the result
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.
From operations
+€443,144
Investment
-€167,803
Financing
-€19,983
Cash 2023
€92,175
From operations (derived)
+€443,144
Net result for the year
+€46,010
Depreciation
+€37,830
Stocks and contracts
+€292,225
Receivables within one year
-€398,371
Deferred charges and accrued income
+€41,415
Trade debts
+€448,449
Tax, wage and social debts
+€57,790
Advances received
-€82,413
Smaller working-capital items
+€210
Investment (derived)
-€167,803
Investment in fixed assets (net)
-€167,803
Financing
-€19,983
Current portion of long-term debt
-€23,183
Contributions, distributions and other
+€3,200
Cash 2024
€347,533
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,301,790 | €6,751,852 | +€450,063 | +7.1% |
| Fixed assets | 21/28 | €114,591 | €244,565 | +€129,973 | +113% |
| Intangible fixed assets | 21 | - | €55,737 | +€55,737 | |
| Tangible fixed assets | 22/27 | €54,120 | €110,993 | +€56,872 | +105% |
| Plant, machinery and equipment | 23 | €23,870 | €31,123 | +€7,253 | +30.4% |
| Furniture and vehicles | 24 | €29,250 | €74,591 | +€45,341 | +155% |
| Other tangible fixed assets | 26 | €1,000 | €5,279 | +€4,279 | +428% |
| Financial fixed assets | 28 | €60,471 | €77,835 | +€17,364 | +28.7% |
| Current assets | 29/58 | €6,187,198 | €6,507,288 | +€320,089 | +5.2% |
| Stocks and contracts in progress | 3 | €4,923,099 | €4,630,874 | -€292,225 | -5.9% |
| Stocks | 30/36 | €4,923,099 | €4,630,874 | -€292,225 | -5.9% |
| Amounts receivable within one year | 40/41 | €1,130,510 | €1,528,881 | +€398,371 | +35.2% |
| Trade receivables | 40 | €966,264 | €1,286,375 | +€320,112 | +33.1% |
| Other amounts receivable | 41 | €164,246 | €242,505 | +€78,259 | +47.6% |
| Cash at bank and in hand | 54/58 | €92,175 | €347,533 | +€255,358 | +277% |
| Deferred charges and accrued income | 490/1 | €41,415 | - | -€41,415 | |
| Total equity and liabilities | 10/49 | €6,301,790 | €6,751,852 | +€450,063 | +7.1% |
| Equity | 10/15 | €121,573 | €170,783 | +€49,210 | +40.5% |
| Contributions | 10/11 | €15,400 | €18,600 | +€3,200 | +20.8% |
| Contributions outside capital | 11 | €15,400 | - | -€15,400 | |
| Other | 1109/19 | €15,400 | - | -€15,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,313 | €150,323 | +€46,010 | +44.1% |
| Amounts payable | 17/49 | €6,180,217 | €6,581,069 | +€400,852 | +6.5% |
| Amounts payable within one year | 42/48 | €6,180,217 | €6,580,913 | +€400,696 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €23,183 | €0 | -€23,183 | -100.0% |
| Trade debts | 44 | €5,794,239 | €6,242,687 | +€448,449 | +7.7% |
| Suppliers | 440/4 | €5,794,239 | €6,242,687 | +€448,449 | +7.7% |
| Advances received on contracts in progress | 46 | €304,002 | €221,589 | -€82,413 | -27.1% |
| Taxes, remuneration and social security | 45 | €55,193 | €112,982 | +€57,790 | +105% |
| Taxes | 450/3 | €49,065 | €89,743 | +€40,678 | +82.9% |
| Remuneration and social security | 454/9 | €6,128 | €23,240 | +€17,112 | +279% |
| Other amounts payable | 47/48 | €3,600 | €3,654 | +€54 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €156 | +€156 | |
| Remuneration, social security and pensions | 62 | €65,695 | €103,305 | +€37,610 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,012 | €37,830 | -€2,183 | -5.5% |
| Other operating charges | 640/8 | €16,018 | €265,792 | +€249,774 | +1,559% |
| Gross operating margin | 9900 | €171,107 | €489,055 | +€317,948 | +186% |
| Operating profit (loss) | 9901 | €49,382 | €82,128 | +€32,747 | +66.3% |
| Financial income | 75/76B | €9,209 | €5,407 | -€3,802 | -41.3% |
| Recurring financial income | 75 | €5,126 | €2,179 | -€2,947 | -57.5% |
| Non-recurring financial income | 76B | €4,083 | €3,228 | -€855 | -20.9% |
| Financial charges | 65/66B | €2,388 | €24,804 | +€22,416 | +939% |
| Recurring financial charges | 65 | €2,388 | €24,804 | +€22,416 | +939% |
| Profit (loss) for the period before taxes | 9903 | €56,202 | €62,731 | +€6,529 | +11.6% |
| Income taxes | 67/77 | €19,928 | €16,721 | -€3,207 | -16.1% |
| Profit (loss) for the period | 9904 | €36,274 | €46,010 | +€9,736 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,274 | €46,010 | +€9,736 | +26.8% |
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 16 October 2026 via checked.be.