United Experts Group: 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 Experts Group
Largest movements
- Financial fixed assets -€4.5m
down €4.5m (-93.4%), from €4.8m to €315,000
- Receivables within one year -€374,743
down €374,743 (-82.8%), from €452,840 to €78,097
of which Other amounts receivable: -€380,223
- Contributions -€3.0m
down €3.0m (-98.0%), from €3.1m to €62,000
- Reserves -€1.4m
down €1.4m (-94.6%), from €1.5m to €81,202
of which Distributable reserves: -€1.3m
- Other debts -€472,448
down €472,448 (-64.9%), from €727,671 to €255,223
- Debts after one year +€73,186
new in 2025: €73,186
- Financial income +€2.5m
up €2.5m (+419%), from €600,695 to €3.1m
- Financial charges +€62,021
up €62,021 (+350%), from €17,701 to €79,722
of which Non-recurring financial charges: +€69,395
- Gross operating margin +€12,885
up €12,885, from -€2,200 to €10,685
- Other operating charges +€991
up €991 (+77.1%), from €1,285 to €2,275
- Depreciation +€183
up €183 (+2.9%), from €6,220 to €6,402
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.
Derived cash bridge
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 | €5,310,006 | €500,977 | -€4.8m | -90.6% |
| Fixed assets | 21/28 | €4,793,820 | €333,142 | -€4.5m | -93.1% |
| Intangible fixed assets | 21 | €24,545 | €18,142 | -€6,402 | -26.1% |
| Financial fixed assets | 28 | €4,769,275 | €315,000 | -€4.5m | -93.4% |
| Current assets | 29/58 | €516,186 | €167,835 | -€348,351 | -67.5% |
| Amounts receivable within one year | 40/41 | €452,840 | €78,097 | -€374,743 | -82.8% |
| Trade receivables | 40 | €14,520 | €20,000 | +€5,480 | +37.7% |
| Other amounts receivable | 41 | €438,320 | €58,097 | -€380,223 | -86.7% |
| Cash at bank and in hand | 54/58 | €63,346 | €89,738 | +€26,392 | +41.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,310,006 | €500,977 | -€4.8m | -90.6% |
| Equity | 10/15 | €4,565,580 | €143,202 | -€4.4m | -96.9% |
| Contributions | 10/11 | €3,062,000 | €62,000 | -€3.0m | -98.0% |
| Capital | 10 | €3,062,000 | €62,000 | -€3.0m | -98.0% |
| Issued capital | 100 | €3,062,000 | €62,000 | -€3.0m | -98.0% |
| Reserves | 13 | €1,503,580 | €81,202 | -€1.4m | -94.6% |
| Non-distributable reserves | 130/1 | €97,000 | €6,200 | -€90,800 | -93.6% |
| Legal reserve | 130 | €97,000 | €6,200 | -€90,800 | -93.6% |
| Distributable reserves | 133 | €1,406,580 | €75,002 | -€1.3m | -94.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €744,426 | €357,775 | -€386,651 | -51.9% |
| Amounts payable after more than one year | 17 | - | €73,186 | +€73,186 | |
| Financial debts | 170/4 | - | €73,186 | +€73,186 | |
| Amounts payable within one year | 42/48 | €744,426 | €284,589 | -€459,837 | -61.8% |
| Current portion of amounts payable after more than one year | 42 | - | €19,046 | +€19,046 | |
| Trade debts | 44 | €3,822 | €9,170 | +€5,348 | +140% |
| Suppliers | 440/4 | €3,822 | €9,170 | +€5,348 | +140% |
| Taxes, remuneration and social security | 45 | €12,933 | €1,150 | -€11,783 | -91.1% |
| Taxes | 450/3 | €12,933 | €1,150 | -€11,783 | -91.1% |
| Other amounts payable | 47/48 | €727,671 | €255,223 | -€472,448 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,220 | €6,402 | +€183 | +2.9% |
| Other operating charges | 640/8 | €1,285 | €2,275 | +€991 | +77.1% |
| Gross operating margin | 9900 | -€2,200 | €10,685 | +€12,885 | |
| Operating profit (loss) | 9901 | -€9,705 | €2,007 | +€11,712 | |
| Financial income | 75/76B | €600,695 | €3,115,337 | +€2.5m | +419% |
| Recurring financial income | 75 | €600,695 | €3,115,337 | +€2.5m | +419% |
| Financial charges | 65/66B | €17,701 | €79,722 | +€62,021 | +350% |
| Recurring financial charges | 65 | €17,701 | €10,327 | -€7,374 | -41.7% |
| Non-recurring financial charges | 66B | - | €69,395 | +€69,395 | |
| Profit (loss) for the period before taxes | 9903 | €573,289 | €3,037,622 | +€2.5m | +430% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €573,289 | €3,037,622 | +€2.5m | +430% |
| Profit (loss) for the period to be appropriated | 9905 | €573,289 | €3,037,622 | +€2.5m | +430% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.