United Experts: what changed
What changed
United Experts
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €1.7m+€465,614
Equity
€4.0m
2024 · €4.0m+€51,162
Cash
€710,096
2024 · €872,960-€162,864
Balance sheet total
€8.5m
2024 · €7.7m+€869,884
Largest movements
Assets
- Receivables within one year +€847,774
up €847,774 (+25.8%), from €3.3m to €4.1m
of which Trade receivables: +€1.2m
- Stocks and contracts +€460,893
up €460,893 (+18.4%), from €2.5m to €3.0m
- Cash -€162,864
down €162,864 (-18.7%), from €872,960 to €710,096
mainly Contributions, distributions and other (-€2.1m) and Receivables within one year (-€847,774)
- Deferred charges and accrued income -€120,881
down €120,881 (-55.7%), from €216,966 to €96,085
Equity and liabilities
- Other debts +€600,570
up €600,570 (+40.0%), from €1.5m to €2.1m
- Tax, wage and social debts +€273,690
up €273,690 (+20.2%), from €1.4m to €1.6m
of which Remuneration and social security: +€183,672
Income statement
- Turnover +€3.0m
up €3.0m (+15.6%), from €19.0m to €21.9m
- Staff costs +€1.6m
up €1.6m (+20.1%), from €8.2m to €9.8m
- Services and other goods +€851,067
up €851,067 (+13.8%), from €6.2m to €7.0m
- Goods and materials +€506,587
up €506,587 (+21.6%), from €2.3m to €2.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.7m
Turnover
+€3.0m
Other operating income
+€48,572
Goods and materials
-€506,587
Services and other goods
-€851,067
Staff costs
-€1.6m
Depreciation
-€13,412
Write-downs
+€123,453
Other operating charges
+€63,420
Other operating items
+€427,762
Financial income
-€10,733
Financial charges
-€14,120
Taxes
-€118,710
Result 2025
€2.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.0m
Investment
-€139,890
Financing
-€2.1m
Cash 2024
€872,960
From operations (derived)
+€2.0m
Net result for the year
+€2.2m
Depreciation
+€225,619
Receivables after one year
+€69,309
Stocks and contracts
-€460,893
Receivables within one year
-€847,774
Deferred charges and accrued income
+€120,881
Trade debts
-€79,775
Tax, wage and social debts
+€273,690
Smaller working-capital items
-€3,390
Other debts
+€600,570
Investment (derived)
-€139,890
Investment in fixed assets (net)
-€139,890
Financing
-€2.1m
Debts after one year
+€9,991
Current portion of long-term debt
+€17,636
Contributions, distributions and other
-€2.1m
Cash 2025
€710,096
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,655,284 | €8,525,168 | +€869,884 | +11.4% |
| Fixed assets | 21/28 | €619,562 | €533,833 | -€85,729 | -13.8% |
| Intangible fixed assets | 21 | €88,770 | €47,472 | -€41,298 | -46.5% |
| Tangible fixed assets | 22/27 | €485,108 | €460,067 | -€25,041 | -5.2% |
| Plant, machinery and equipment | 23 | €79,290 | €73,714 | -€5,576 | -7.0% |
| Furniture and vehicles | 24 | €405,818 | €386,353 | -€19,465 | -4.8% |
| Financial fixed assets | 28 | €45,684 | €26,294 | -€19,390 | -42.4% |
| Companies linked by participating interests | 282/3 | €901 | €901 | = | 0.0% |
| Participating interests | 282 | €901 | €901 | = | 0.0% |
| Other financial fixed assets | 284/8 | €44,783 | €25,393 | -€19,390 | -43.3% |
| Amounts receivable and cash guarantees | 285/8 | €44,783 | €25,393 | -€19,390 | -43.3% |
| Current assets | 29/58 | €7,035,722 | €7,991,335 | +€955,613 | +13.6% |
| Amounts receivable after more than one year | 29 | €153,743 | €84,435 | -€69,309 | -45.1% |
| Other amounts receivable | 291 | €153,743 | €84,435 | -€69,309 | -45.1% |
| Stocks and contracts in progress | 3 | €2,503,125 | €2,964,018 | +€460,893 | +18.4% |
| Contracts in progress | 37 | €2,503,125 | €2,964,018 | +€460,893 | +18.4% |
| Amounts receivable within one year | 40/41 | €3,288,928 | €4,136,702 | +€847,774 | +25.8% |
| Trade receivables | 40 | €2,640,835 | €3,863,912 | +€1.2m | +46.3% |
| Other amounts receivable | 41 | €648,093 | €272,789 | -€375,304 | -57.9% |
| Cash at bank and in hand | 54/58 | €872,960 | €710,096 | -€162,864 | -18.7% |
| Deferred charges and accrued income | 490/1 | €216,966 | €96,085 | -€120,881 | -55.7% |
| Total equity and liabilities | 10/49 | €7,655,284 | €8,525,168 | +€869,884 | +11.4% |
| Equity | 10/15 | €3,961,755 | €4,012,916 | +€51,162 | +1.3% |
| Contributions | 10/11 | €61,828 | €61,828 | = | 0.0% |
| Capital | 10 | €61,828 | €61,828 | = | 0.0% |
| Issued capital | 100 | €61,828 | €61,828 | = | 0.0% |
| Reserves | 13 | €3,899,927 | €3,951,088 | +€51,162 | +1.3% |
| Non-distributable reserves | 130/1 | €6,183 | €6,183 | = | 0.0% |
| Legal reserve | 130 | €6,183 | €6,183 | = | 0.0% |
| Distributable reserves | 133 | €3,893,744 | €3,944,905 | +€51,162 | +1.3% |
| Amounts payable | 17/49 | €3,693,529 | €4,512,252 | +€818,722 | +22.2% |
| Amounts payable after more than one year | 17 | €139,365 | €149,356 | +€9,991 | +7.2% |
| Financial debts | 170/4 | €139,365 | €149,356 | +€9,991 | +7.2% |
| Credit institutions | 173 | €139,365 | €149,356 | +€9,991 | +7.2% |
| Amounts payable within one year | 42/48 | €3,552,175 | €4,362,896 | +€810,721 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €54,057 | €71,692 | +€17,636 | +32.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €638,556 | €558,781 | -€79,775 | -12.5% |
| Suppliers | 440/4 | €638,556 | €558,781 | -€79,775 | -12.5% |
| Advances received on contracts in progress | 46 | €2,586 | €1,186 | -€1,400 | -54.1% |
| Taxes, remuneration and social security | 45 | €1,356,976 | €1,630,666 | +€273,690 | +20.2% |
| Taxes | 450/3 | €475,435 | €565,453 | +€90,018 | +18.9% |
| Remuneration and social security | 454/9 | €881,541 | €1,065,213 | +€183,672 | +20.8% |
| Other amounts payable | 47/48 | €1,500,000 | €2,100,570 | +€600,570 | +40.0% |
| Accrued charges and deferred income | 492/3 | €1,990 | €0 | -€1,990 | -100% |
| Operating income | 70/76A | €19,416,961 | €22,866,078 | +€3.4m | +17.8% |
| Turnover | 70 | €18,971,465 | €21,926,773 | +€3.0m | +15.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €460,893 | +€460,893 | |
| Other operating income | 74 | €428,634 | €477,207 | +€48,572 | +11.3% |
| Non-recurring operating income | 76A | €16,862 | €1,206 | -€15,656 | -92.8% |
| Operating charges | 60/66A | €17,002,332 | €19,842,272 | +€2.8m | +16.7% |
| Goods for resale, raw materials and consumables | 60 | €2,345,990 | €2,852,577 | +€506,587 | +21.6% |
| Purchases | 600/8 | €2,345,990 | €2,852,577 | +€506,587 | +21.6% |
| Services and other goods | 61 | €6,182,865 | €7,033,932 | +€851,067 | +13.8% |
| Remuneration, social security and pensions | 62 | €8,159,328 | €9,797,599 | +€1.6m | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,207 | €225,619 | +€13,412 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,326 | -€97,127 | -€123,453 | |
| Other operating charges | 640/8 | €75,181 | €11,761 | -€63,420 | -84.4% |
| Non-recurring operating charges | 66A | €436 | €17,911 | +€17,475 | +4,012% |
| Operating profit (loss) | 9901 | €2,414,629 | €3,023,806 | +€609,177 | +25.2% |
| Financial income | 75/76B | €37,482 | €26,749 | -€10,733 | -28.6% |
| Recurring financial income | 75 | €37,482 | €26,749 | -€10,733 | -28.6% |
| Income from financial fixed assets | 750 | €0 | €134 | +€134 | +34,272% |
| Income from current assets | 751 | €3,248 | €5,821 | +€2,573 | +79.2% |
| Other financial income | 752/9 | €34,233 | €20,793 | -€13,440 | -39.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €95,091 | €109,210 | +€14,120 | +14.8% |
| Recurring financial charges | 65 | €95,091 | €109,210 | +€14,120 | +14.8% |
| Debt charges | 650 | €74,903 | €96,264 | +€21,361 | +28.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €20,188 | €12,946 | -€7,242 | -35.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €2,357,021 | €2,941,344 | +€584,324 | +24.8% |
| Income taxes | 67/77 | €671,473 | €790,183 | +€118,710 | +17.7% |
| Taxes | 670/3 | €671,473 | €790,183 | +€118,710 | +17.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,685,548 | €2,151,162 | +€465,614 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,685,548 | €2,151,162 | +€465,614 | +27.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.