L'Union Management SPRL: 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 Management SPRL
Largest movements
- Receivables within one year +€34,274
up €34,274 (+343%), from €10,006 to €44,280
of which Trade receivables: +€35,336
- Cash -€6,148
down €6,148 (-15.0%), from €40,940 to €34,792
mainly Receivables within one year (-€34,274) and Contributions, distributions and other (-€14,286)
- Current investments -€4,855
down €4,855 (-16.1%), from €30,069 to €25,214
- Reserves +€21,041
up €21,041 (+177%), from €11,860 to €32,901
of which Distributable reserves: +€21,041
- Profit (loss) carried forward -€14,286
down €14,286 (-49.0%), from €29,137 to €14,852
- Other debts +€13,939
up €13,939 (+4,023%), from €347 to €14,286
- Accrued charges and deferred income +€5,702
up €5,702 (+8,678%), from €66 to €5,767
- Short-term financial debts -€4,160
down €4,160 (-85.2%), from €4,882 to €722
- Gross operating margin +€55,079
up €55,079, from -€31,092 to €23,987
- Taxes +€2,119
up €2,119 (+1,048%), from €202 to €2,321
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,571 | €105,813 | +€23,242 | +28.1% |
| Fixed assets | 21/28 | €472 | €302 | -€170 | -36.0% |
| Tangible fixed assets | 22/27 | €312 | €192 | -€120 | -38.4% |
| Furniture and vehicles | 24 | €312 | €192 | -€120 | -38.4% |
| Financial fixed assets | 28 | €160 | €110 | -€50 | -31.3% |
| Current assets | 29/58 | €82,100 | €105,511 | +€23,411 | +28.5% |
| Amounts receivable within one year | 40/41 | €10,006 | €44,280 | +€34,274 | +343% |
| Trade receivables | 40 | €8,494 | €43,830 | +€35,336 | +416% |
| Other amounts receivable | 41 | €1,512 | €450 | -€1,061 | -70.2% |
| Current investments | 50/53 | €30,069 | €25,214 | -€4,855 | -16.1% |
| Cash at bank and in hand | 54/58 | €40,940 | €34,792 | -€6,148 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,085 | €1,225 | +€140 | +12.9% |
| Total equity and liabilities | 10/49 | €82,571 | €105,813 | +€23,242 | +28.1% |
| Equity | 10/15 | €53,397 | €60,152 | +€6,755 | +12.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,860 | €32,901 | +€21,041 | +177% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | - | €21,041 | +€21,041 | |
| Profit (loss) carried forward | 14 | €29,137 | €14,852 | -€14,286 | -49.0% |
| Amounts payable | 17/49 | €29,174 | €45,661 | +€16,487 | +56.5% |
| Amounts payable within one year | 42/48 | €29,108 | €39,894 | +€10,785 | +37.1% |
| Financial debts | 43 | €4,882 | €722 | -€4,160 | -85.2% |
| Credit institutions | 430/8 | €4,882 | €722 | -€4,160 | -85.2% |
| Trade debts | 44 | €22,242 | €20,161 | -€2,081 | -9.4% |
| Suppliers | 440/4 | €22,242 | €20,161 | -€2,081 | -9.4% |
| Taxes, remuneration and social security | 45 | €1,638 | €4,725 | +€3,087 | +189% |
| Taxes | 450/3 | €1,638 | €4,725 | +€3,087 | +189% |
| Other amounts payable | 47/48 | €347 | €14,286 | +€13,939 | +4,023% |
| Accrued charges and deferred income | 492/3 | €66 | €5,767 | +€5,702 | +8,678% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120 | €120 | = | 0.0% |
| Other operating charges | 640/8 | €416 | €367 | -€50 | -11.9% |
| Gross operating margin | 9900 | -€31,092 | €23,987 | +€55,079 | |
| Operating profit (loss) | 9901 | -€31,628 | €23,500 | +€55,128 | |
| Financial income | 75/76B | €516 | €225 | -€291 | -56.5% |
| Recurring financial income | 75 | €516 | €225 | -€291 | -56.5% |
| Financial charges | 65/66B | €304 | €363 | +€59 | +19.6% |
| Recurring financial charges | 65 | €304 | €363 | +€59 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,416 | €23,362 | +€54,778 | |
| Income taxes | 67/77 | €202 | €2,321 | +€2,119 | +1,048% |
| Profit (loss) for the period | 9904 | -€31,618 | €21,041 | +€52,659 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,618 | €21,041 | +€52,659 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.