FR-UNION: 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.
FR-UNION
Largest movements
- Tangible fixed assets -€20,955
down €20,955 (-5.9%), from €355,828 to €334,873
- Debts after one year -€59,878
down €59,878 (-19.4%), from €309,047 to €249,169
- Profit (loss) carried forward +€22,486
up €22,486, from -€12,242 to €10,245
- Current portion of long-term debt +€8,637
up €8,637 (+25.3%), from €34,100 to €42,737
- Tax, wage and social debts +€4,081
new in 2025: €4,081
- Depreciation -€5,086
down €5,086 (-19.5%), from €26,041 to €20,955
- Taxes +€4,856
up €4,856 (+396.4%), from €1,225 to €6,081
- Gross operating margin +€3,310
up €3,310 (+5.2%), from €63,402 to €66,712
- Other operating charges -€2,672
down €2,672 (-17.8%), from €15,019 to €12,347
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,828 | €334,873 | -€20,955 | -5.9% |
| Fixed assets | 21/28 | €355,828 | €334,873 | -€20,955 | -5.9% |
| Tangible fixed assets | 22/27 | €355,828 | €334,873 | -€20,955 | -5.9% |
| Land and buildings | 22 | €355,828 | €334,873 | -€20,955 | -5.9% |
| Total equity and liabilities | 10/49 | €355,828 | €334,873 | -€20,955 | -5.9% |
| Equity | 10/15 | €6,358 | €28,845 | +€22,486 | +353.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,242 | €10,245 | +€22,486 | |
| Amounts payable | 17/49 | €349,470 | €306,028 | -€43,442 | -12.4% |
| Amounts payable after more than one year | 17 | €309,047 | €249,169 | -€59,878 | -19.4% |
| Financial debts | 170/4 | €309,047 | €249,169 | -€59,878 | -19.4% |
| Amounts payable within one year | 42/48 | €40,422 | €56,859 | +€16,436 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €34,100 | €42,737 | +€8,637 | +25.3% |
| Financial debts | 43 | €5,935 | €7,898 | +€1,963 | +33.1% |
| Credit institutions | 430/8 | €5,935 | €7,898 | +€1,963 | +33.1% |
| Trade debts | 44 | €387 | €2,143 | +€1,756 | +453.3% |
| Suppliers | 440/4 | €387 | €2,143 | +€1,756 | +453.3% |
| Taxes, remuneration and social security | 45 | - | €4,081 | +€4,081 | |
| Taxes | 450/3 | - | €4,081 | +€4,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,041 | €20,955 | -€5,086 | -19.5% |
| Other operating charges | 640/8 | €15,019 | €12,347 | -€2,672 | -17.8% |
| Gross operating margin | 9900 | €63,402 | €66,712 | +€3,310 | +5.2% |
| Operating profit (loss) | 9901 | €22,342 | €33,410 | +€11,068 | +49.5% |
| Financial charges | 65/66B | €4,665 | €4,843 | +€178 | +3.8% |
| Recurring financial charges | 65 | €4,665 | €4,843 | +€178 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €17,677 | €28,567 | +€10,891 | +61.6% |
| Income taxes | 67/77 | €1,225 | €6,081 | +€4,856 | +396.4% |
| Profit (loss) for the period | 9904 | €16,452 | €22,486 | +€6,035 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,452 | €22,486 | +€6,035 | +36.7% |
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 2 October 2026 via checked.be.