U.N.A.A.: 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.
What changed
U.N.A.A.
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€23,024
2024 · €348,859-€371,883
Equity
€2.9m
2024 · €2.9m-€23,024
Cash
€85,467
2024 · €612,181-€526,714
Balance sheet total
€4.6m
2024 · €4.6m+€7,832
Largest movements
Assets
- Tangible fixed assets +€582,610
up €582,610 (+17.0%), from €3.4m to €4.0m
- Cash -€526,714
down €526,714 (-86.0%), from €612,181 to €85,467
mainly Investment in fixed assets (net) (-€674,379) and Net result for the year (-€23,024)
- Current investments -€63,000
down €63,000 (-99.8%), from €63,149 to €149
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€473,037
down €473,037 (-85.1%), from €555,832 to €82,795
- Financial charges -€6,719
down €6,719 (-48.2%), from €13,935 to €7,216
- Depreciation +€6,257
up €6,257 (+7.3%), from €85,512 to €91,769
- Financial income +€5,993
up €5,993 (+7,491%), from €80 to €6,073
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
€348,859
Gross operating margin
-€473,037
Depreciation
-€6,257
Other operating charges
-€1,866
Financial income
+€5,993
Financial charges
+€6,719
Taxes
-€3,563
Deferred taxes and other
+€100,128
Result 2025
-€23,024
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€84,665
Investment
-€611,379
Financing
€0
Cash 2024
€612,181
From operations (derived)
+€84,665
Net result for the year
-€23,024
Depreciation
+€91,769
Stocks and contracts
-€11,441
Receivables within one year
-€2,951
Deferred charges and accrued income
-€544
Provisions
-€7,198
Trade debts
+€35,992
Advances received
-€2,890
Other debts
+€2,242
Accrued charges and deferred income
+€2,710
Investment (derived)
-€611,379
Investment in fixed assets (net)
-€674,379
Current investments
+€63,000
Cash 2025
€85,467
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,558,075 | €4,565,907 | +€7,832 | +0.2% |
| Fixed assets | 21/28 | €3,421,307 | €4,003,917 | +€582,610 | +17.0% |
| Tangible fixed assets | 22/27 | €3,421,231 | €4,003,841 | +€582,610 | +17.0% |
| Land and buildings | 22 | €3,421,231 | €4,003,841 | +€582,610 | +17.0% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €1,136,768 | €561,990 | -€574,778 | -50.6% |
| Amounts receivable after more than one year | 29 | €153,103 | €153,103 | = | 0.0% |
| Other amounts receivable | 291 | €153,103 | €153,103 | = | 0.0% |
| Stocks and contracts in progress | 3 | €308,335 | €319,776 | +€11,441 | +3.7% |
| Stocks | 30/36 | €308,335 | €319,776 | +€11,441 | +3.7% |
| Amounts receivable within one year | 40/41 | - | €2,951 | +€2,951 | |
| Trade receivables | 40 | - | €2,951 | +€2,951 | |
| Current investments | 50/53 | €63,149 | €149 | -€63,000 | -99.8% |
| Cash at bank and in hand | 54/58 | €612,181 | €85,467 | -€526,714 | -86.0% |
| Deferred charges and accrued income | 490/1 | - | €544 | +€544 | |
| Total equity and liabilities | 10/49 | €4,558,075 | €4,565,907 | +€7,832 | +0.2% |
| Equity | 10/15 | €2,945,379 | €2,922,355 | -€23,024 | -0.8% |
| Contributions | 10/11 | €361,925 | €361,925 | = | 0.0% |
| Capital | 10 | €361,925 | €361,925 | = | 0.0% |
| Issued capital | 100 | €361,925 | €361,925 | = | 0.0% |
| Revaluation surpluses | 12 | €2,068,380 | €2,068,380 | = | 0.0% |
| Reserves | 13 | €432,060 | €410,467 | -€21,593 | -5.0% |
| Non-distributable reserves | 130/1 | €5,787 | €5,787 | = | 0.0% |
| Legal reserve | 130 | €5,787 | €5,787 | = | 0.0% |
| Tax-exempt reserves | 132 | €426,273 | €404,680 | -€21,593 | -5.1% |
| Profit (loss) carried forward | 14 | €83,014 | €81,583 | -€1,431 | -1.7% |
| Provisions and deferred taxes | 16 | €142,091 | €134,893 | -€7,198 | -5.1% |
| Deferred taxes | 168 | €142,091 | €134,893 | -€7,198 | -5.1% |
| Amounts payable | 17/49 | €1,470,605 | €1,508,659 | +€38,054 | +2.6% |
| Amounts payable within one year | 42/48 | €1,470,605 | €1,505,949 | +€35,344 | +2.4% |
| Financial debts | 43 | €480,000 | €480,000 | = | 0.0% |
| Credit institutions | 430/8 | €480,000 | €480,000 | = | 0.0% |
| Trade debts | 44 | €105 | €36,097 | +€35,992 | +34,278% |
| Suppliers | 440/4 | €105 | €36,097 | +€35,992 | +34,278% |
| Advances received on contracts in progress | 46 | €17,225 | €14,335 | -€2,890 | -16.8% |
| Other amounts payable | 47/48 | €973,275 | €975,517 | +€2,242 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €2,710 | +€2,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,512 | €91,769 | +€6,257 | +7.3% |
| Other operating charges | 640/8 | €14,666 | €16,532 | +€1,866 | +12.7% |
| Gross operating margin | 9900 | €555,832 | €82,795 | -€473,037 | -85.1% |
| Operating profit (loss) | 9901 | €455,654 | -€25,506 | -€481,160 | |
| Financial income | 75/76B | €80 | €6,073 | +€5,993 | +7,491% |
| Recurring financial income | 75 | €80 | €6,073 | +€5,993 | +7,491% |
| Financial charges | 65/66B | €13,935 | €7,216 | -€6,719 | -48.2% |
| Recurring financial charges | 65 | €13,935 | €7,216 | -€6,719 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €441,799 | -€26,649 | -€468,448 | |
| Transfer from deferred taxes | 780 | €2,691 | €7,197 | +€4,506 | +167% |
| Transfer to deferred taxes | 680 | €95,622 | - | -€95,622 | |
| Income taxes | 67/77 | €9 | €3,572 | +€3,563 | +39,589% |
| Profit (loss) for the period | 9904 | €348,859 | -€23,024 | -€371,883 | |
| Transfer from tax-exempt reserves | 789 | €8,072 | €21,593 | +€13,521 | +168% |
| Transfer to tax-exempt reserves | 689 | €286,866 | - | -€286,866 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,065 | -€1,431 | -€71,496 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.