UNITED ENTERPRISES: 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.
UNITED ENTERPRISES
Largest movements
- Tangible fixed assets -€14,060
down €14,060 (-37.4%), from €37,603 to €23,543
- Receivables within one year +€13,262
up €13,262 (+1,582%), from €838 to €14,101
- Cash -€2,119
down €2,119 (-14.0%), from €15,091 to €12,972
mainly Receivables within one year (-€13,262) and Net result for the year (-€5,537)
- Profit (loss) carried forward -€5,537
down €5,537 (-171%), from -€3,229 to -€8,766
- Other debts +€3,436
up €3,436 (+97.4%), from €3,529 to €6,965
- Trade debts -€2,952
down €2,952 (-6.5%), from €45,584 to €42,632
- Tax, wage and social debts +€2,136
up €2,136 (+51.3%), from €4,168 to €6,304
of which Remuneration and social security: +€2,670
- Gross operating margin -€8,592
down €8,592 (-48.1%), from €17,862 to €9,270
- Depreciation +€1,599
up €1,599 (+12.3%), from €12,989 to €14,588
- Other operating charges -€1,080
down €1,080 (-85.8%), from €1,258 to €178
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 | €53,532 | €50,615 | -€2,917 | -5.4% |
| Fixed assets | 21/28 | €37,603 | €23,543 | -€14,060 | -37.4% |
| Tangible fixed assets | 22/27 | €37,603 | €23,543 | -€14,060 | -37.4% |
| Furniture and vehicles | 24 | €37,603 | €23,543 | -€14,060 | -37.4% |
| Current assets | 29/58 | €15,929 | €27,072 | +€11,144 | +70.0% |
| Amounts receivable within one year | 40/41 | €838 | €14,101 | +€13,262 | +1,582% |
| Trade receivables | 40 | €838 | €14,101 | +€13,262 | +1,582% |
| Cash at bank and in hand | 54/58 | €15,091 | €12,972 | -€2,119 | -14.0% |
| Total equity and liabilities | 10/49 | €53,532 | €50,615 | -€2,917 | -5.4% |
| Equity | 10/15 | -€1,471 | -€7,008 | -€5,537 | -377% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €758 | €758 | = | 0.0% |
| Non-distributable reserves | 130/1 | €758 | €758 | = | 0.0% |
| Reserves not available under the articles | 1311 | €758 | €758 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,229 | -€8,766 | -€5,537 | -171% |
| Amounts payable | 17/49 | €55,002 | €57,623 | +€2,620 | +4.8% |
| Amounts payable after more than one year | 17 | €1,722 | €1,722 | = | 0.0% |
| Financial debts | 170/4 | €1,722 | €1,722 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,280 | €55,901 | +€2,620 | +4.9% |
| Trade debts | 44 | €45,584 | €42,632 | -€2,952 | -6.5% |
| Suppliers | 440/4 | €45,584 | €42,632 | -€2,952 | -6.5% |
| Taxes, remuneration and social security | 45 | €4,168 | €6,304 | +€2,136 | +51.3% |
| Taxes | 450/3 | €4,168 | €3,634 | -€534 | -12.8% |
| Remuneration and social security | 454/9 | - | €2,670 | +€2,670 | |
| Other amounts payable | 47/48 | €3,529 | €6,965 | +€3,436 | +97.4% |
| Remuneration, social security and pensions | 62 | €101 | - | -€101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,989 | €14,588 | +€1,599 | +12.3% |
| Other operating charges | 640/8 | €1,258 | €178 | -€1,080 | -85.8% |
| Gross operating margin | 9900 | €17,862 | €9,270 | -€8,592 | -48.1% |
| Operating profit (loss) | 9901 | €3,513 | -€5,496 | -€9,009 | |
| Financial charges | 65/66B | €91 | €41 | -€50 | -55.2% |
| Recurring financial charges | 65 | €91 | €41 | -€50 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €3,422 | -€5,537 | -€8,959 | |
| Profit (loss) for the period | 9904 | €3,422 | -€5,537 | -€8,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,422 | -€5,537 | -€8,959 |
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 17 October 2026 via checked.be.