L'Union: 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.
L'Union
Largest movements
- Cash +€666
up €666 (+19.3%), from €3,454 to €4,119
mainly Trade debts (+€382) and Depreciation (+€153)
- Trade debts +€382
up €382 (+2.7%), from €14,088 to €14,470
- Gross operating margin -€1,440
down €1,440 (-59.7%), from €2,413 to €973
- Other operating charges +€132
up €132 (+34.0%), from €387 to €519
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 | €16,180 | €16,713 | +€533 | +3.3% |
| Fixed assets | 21/28 | €11,951 | €11,798 | -€153 | -1.3% |
| Tangible fixed assets | 22/27 | €11,951 | €11,798 | -€153 | -1.3% |
| Land and buildings | 22 | €11,951 | €11,798 | -€153 | -1.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €4,229 | €4,915 | +€686 | +16.2% |
| Amounts receivable within one year | 40/41 | €0 | €20 | +€20 | |
| Trade receivables | 40 | €0 | €20 | +€20 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,454 | €4,119 | +€666 | +19.3% |
| Deferred charges and accrued income | 490/1 | €776 | €776 | = | 0.0% |
| Total equity and liabilities | 10/49 | €16,180 | €16,713 | +€533 | +3.3% |
| Equity | 10/15 | -€44,369 | -€44,218 | +€151 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,033 | €5,033 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,338 | €4,338 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €2,479 | +€2,479 | |
| Other | 1319 | €2,479 | - | -€2,479 | |
| Tax-exempt reserves | 132 | €695 | €695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,995 | -€67,844 | +€151 | +0.2% |
| Amounts payable | 17/49 | €60,549 | €60,932 | +€382 | +0.6% |
| Amounts payable within one year | 42/48 | €60,549 | €60,932 | +€382 | +0.6% |
| Trade debts | 44 | €14,088 | €14,470 | +€382 | +2.7% |
| Suppliers | 440/4 | €14,088 | €14,470 | +€382 | +2.7% |
| Other amounts payable | 47/48 | €46,461 | €46,461 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153 | €153 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €519 | +€132 | +34.0% |
| Gross operating margin | 9900 | €2,413 | €973 | -€1,440 | -59.7% |
| Operating profit (loss) | 9901 | €1,873 | €301 | -€1,572 | -83.9% |
| Financial charges | 65/66B | €142 | €150 | +€8 | +5.3% |
| Recurring financial charges | 65 | €142 | €150 | +€8 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €1,730 | €151 | -€1,579 | -91.3% |
| Profit (loss) for the period | 9904 | €1,730 | €151 | -€1,579 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,730 | €151 | -€1,579 | -91.3% |
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 14 October 2026 via checked.be.