FROMUNION: 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.
What changed
FROMUNION
NACE 10.510, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€773,286
2024 · -€768,018-€5,268
Equity
€12.9m
2024 · €13.6m-€773,286
Cash
€51,260
2024 · €213,939-€162,680
Balance sheet total
€20.6m
2024 · €20.2m+€445,035
Largest movements
Assets
- Receivables within one year +€594,917
up €594,917 (+16.7%), from €3.6m to €4.2m
of which Trade receivables: +€560,054
Equity and liabilities
- Other debts +€2.2m
up €2.2m (+115.4%), from €1.9m to €4.1m
- Trade debts -€950,333
down €950,333 (-27.5%), from €3.5m to €2.5m
- Profit (loss) carried forward -€773,286
down €773,286 (-25.0%), from €3.1m to €2.3m
Income statement
- Goods and materials +€1.4m
up €1.4m (+6.8%), from €21.3m to €22.8m
of which Purchases: +€1.3m
- Turnover +€1.3m
up €1.3m (+3.6%), from €35.0m to €36.3m
- Services and other goods -€727,474
down €727,474 (-9.7%), from €7.5m to €6.8m
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.
Result 2024
-€768,018
Turnover
+€1.3m
Other operating income
+€303,515
Goods and materials
-€1.4m
Services and other goods
+€727,474
Staff costs
-€83,688
Depreciation
-€59,745
Write-downs
+€51
Other operating charges
+€14,699
Other operating items
-€559,876
Financial income
-€1,134
Financial charges
-€21,182
Taxes
-€149,566
Result 2025
-€773,286
Cash bridge derived
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.
From operations
+€1.5m
Investment
-€1.7m
Financing
€0
Cash 2024
€213,939
From operations (derived)
+€1.5m
Net result for the year
-€773,286
Depreciation
+€1.7m
Stocks and contracts
-€18,321
Receivables within one year
-€594,917
Deferred charges and accrued income
-€18,947
Trade debts
-€950,333
Tax, wage and social debts
-€31,935
Other debts
+€2.2m
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Cash 2025
€51,260
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,170,762 | €20,615,797 | +€445,035 | +2.2% |
| Fixed assets | 21/28 | €11,740,106 | €11,715,635 | -€24,470 | -0.2% |
| Intangible fixed assets | 21 | €87,915 | €68,746 | -€19,168 | -21.8% |
| Tangible fixed assets | 22/27 | €11,652,191 | €11,646,889 | -€5,302 | 0.0% |
| Land and buildings | 22 | €4,043,241 | €3,762,850 | -€280,391 | -6.9% |
| Plant, machinery and equipment | 23 | €6,459,878 | €6,194,256 | -€265,622 | -4.1% |
| Furniture and vehicles | 24 | €889 | €43,467 | +€42,578 | +4787.7% |
| Assets under construction and advance payments | 27 | €1,148,183 | €1,646,317 | +€498,133 | +43.4% |
| Current assets | 29/58 | €8,430,656 | €8,900,162 | +€469,505 | +5.6% |
| Stocks and contracts in progress | 3 | €4,518,514 | €4,536,836 | +€18,321 | +0.4% |
| Stocks | 30/36 | €4,518,514 | €4,536,836 | +€18,321 | +0.4% |
| Raw materials and consumables | 30/31 | €1,237,659 | €1,147,231 | -€90,427 | -7.3% |
| Work in progress | 32 | €3,151,534 | €3,334,978 | +€183,444 | +5.8% |
| Finished goods | 33 | €129,322 | €54,627 | -€74,695 | -57.8% |
| Amounts receivable within one year | 40/41 | €3,558,225 | €4,153,142 | +€594,917 | +16.7% |
| Trade receivables | 40 | €3,552,975 | €4,113,029 | +€560,054 | +15.8% |
| Other amounts receivable | 41 | €5,250 | €40,113 | +€34,863 | +664.1% |
| Cash at bank and in hand | 54/58 | €213,939 | €51,260 | -€162,680 | -76.0% |
| Deferred charges and accrued income | 490/1 | €139,978 | €158,925 | +€18,947 | +13.5% |
| Total equity and liabilities | 10/49 | €20,170,762 | €20,615,797 | +€445,035 | +2.2% |
| Equity | 10/15 | €13,625,428 | €12,852,142 | -€773,286 | -5.7% |
| Contributions | 10/11 | €10,043,500 | €10,043,500 | = | 0.0% |
| Capital | 10 | €10,043,500 | €10,043,500 | = | 0.0% |
| Issued capital | 100 | €10,043,500 | €10,043,500 | = | 0.0% |
| Reserves | 13 | €493,374 | €493,374 | = | 0.0% |
| Non-distributable reserves | 130/1 | €493,374 | €493,374 | = | 0.0% |
| Legal reserve | 130 | €493,374 | €493,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,088,553 | €2,315,268 | -€773,286 | -25.0% |
| Amounts payable | 17/49 | €6,545,334 | €7,763,655 | +€1.2m | +18.6% |
| Amounts payable within one year | 42/48 | €6,545,334 | €7,763,655 | +€1.2m | +18.6% |
| Trade debts | 44 | €3,458,089 | €2,507,756 | -€950,333 | -27.5% |
| Suppliers | 440/4 | €3,458,089 | €2,507,756 | -€950,333 | -27.5% |
| Taxes, remuneration and social security | 45 | €1,180,124 | €1,148,189 | -€31,935 | -2.7% |
| Taxes | 450/3 | €70,630 | €7,898 | -€62,733 | -88.8% |
| Remuneration and social security | 454/9 | €1,109,494 | €1,140,292 | +€30,797 | +2.8% |
| Other amounts payable | 47/48 | €1,907,121 | €4,107,710 | +€2.2m | +115.4% |
| Operating income | 70/76A | €37,139,480 | €38,152,308 | +€1.0m | +2.7% |
| Turnover | 70 | €34,997,371 | €36,266,558 | +€1.3m | +3.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €88,194 | €108,749 | +€20,555 | +23.3% |
| Own construction capitalised | 72 | €490,518 | €379,625 | -€110,893 | -22.6% |
| Other operating income | 74 | €762,772 | €1,066,288 | +€303,515 | +39.8% |
| Non-recurring operating income | 76A | €800,625 | €331,088 | -€469,538 | -58.6% |
| Operating charges | 60/66A | €37,679,748 | €38,525,961 | +€846,213 | +2.2% |
| Goods for resale, raw materials and consumables | 60 | €21,325,239 | €22,770,242 | +€1.4m | +6.8% |
| Purchases | 600/8 | €21,363,043 | €22,679,764 | +€1.3m | +6.2% |
| Change in stocks: decrease (increase) | 609 | -€37,804 | €90,478 | +€128,282 | |
| Services and other goods | 61 | €7,500,322 | €6,772,848 | -€727,474 | -9.7% |
| Remuneration, social security and pensions | 62 | €6,941,431 | €7,025,119 | +€83,688 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,648,909 | €1,708,654 | +€59,745 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€51 | -€51 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €263,847 | €249,148 | -€14,699 | -5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | -€540,268 | -€373,653 | +€166,615 | +30.8% |
| Financial income | 75/76B | €1,304 | €169 | -€1,134 | -87.0% |
| Recurring financial income | 75 | €1,304 | €169 | -€1,134 | -87.0% |
| Income from current assets | 751 | €1,304 | €5 | -€1,299 | -99.6% |
| Other financial income | 752/9 | - | €164 | +€164 | |
| Financial charges | 65/66B | €88,759 | €109,941 | +€21,182 | +23.9% |
| Recurring financial charges | 65 | €88,759 | €109,941 | +€21,182 | +23.9% |
| Debt charges | 650 | €86,398 | €107,170 | +€20,772 | +24.0% |
| Other financial charges | 652/9 | €2,361 | €2,772 | +€411 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€627,723 | -€483,425 | +€144,298 | +23.0% |
| Income taxes | 67/77 | €140,294 | €289,861 | +€149,566 | +106.6% |
| Taxes | 670/3 | €140,294 | €289,861 | +€149,566 | +106.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€768,018 | -€773,286 | -€5,268 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€768,018 | -€773,286 | -€5,268 | -0.7% |
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 7 October 2026 via checked.be.