UNESDA: 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.
UNESDA
Largest movements
- Receivables within one year +€281,424
up €281,424 (+150%), from €187,173 to €468,597
of which Trade receivables: +€255,337
- Cash -€256,912
down €256,912 (-24.7%), from €1.0m to €785,323
mainly Receivables within one year (-€281,424) and Investment in fixed assets (net) (-€63,988)
- Tangible fixed assets +€60,739
new in 2025: €60,739
of which Other tangible fixed assets: +€56,699
- Contributions +€127,106
up €127,106 (+12.6%), from €1.0m to €1.1m
- Trade debts -€54,486
down €54,486 (-38.6%), from €141,078 to €86,592
- Tax, wage and social debts +€20,110
up €20,110 (+19.0%), from €105,923 to €126,032
of which Remuneration and social security: +€20,111
- Gross operating margin +€179,537
up €179,537 (+15.9%), from €1.1m to €1.3m
- Staff costs +€42,886
up €42,886 (+3.8%), from €1.1m to €1.2m
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 | €1,264,667 | €1,349,530 | +€84,863 | +6.7% |
| Fixed assets | 21/28 | €26,094 | €89,258 | +€63,163 | +242% |
| Tangible fixed assets | 22/27 | - | €60,739 | +€60,739 | |
| Furniture and vehicles | 24 | - | €4,040 | +€4,040 | |
| Other tangible fixed assets | 26 | - | €56,699 | +€56,699 | |
| Financial fixed assets | 28 | €26,094 | €28,518 | +€2,424 | +9.3% |
| Current assets | 29/58 | €1,238,573 | €1,260,272 | +€21,699 | +1.8% |
| Amounts receivable within one year | 40/41 | €187,173 | €468,597 | +€281,424 | +150% |
| Trade receivables | 40 | €152,404 | €407,741 | +€255,337 | +168% |
| Other amounts receivable | 41 | €34,769 | €60,857 | +€26,088 | +75.0% |
| Cash at bank and in hand | 54/58 | €1,042,235 | €785,323 | -€256,912 | -24.7% |
| Deferred charges and accrued income | 490/1 | €9,165 | €6,352 | -€2,813 | -30.7% |
| Total equity and liabilities | 10/49 | €1,264,667 | €1,349,530 | +€84,863 | +6.7% |
| Equity | 10/15 | €1,009,800 | €1,136,906 | +€127,106 | +12.6% |
| Contributions | 10/11 | €1,009,800 | €1,136,906 | +€127,106 | +12.6% |
| Capital | 10 | €1,009,800 | €1,136,906 | +€127,106 | +12.6% |
| Amounts payable | 17/49 | €254,867 | €212,624 | -€42,243 | -16.6% |
| Amounts payable within one year | 42/48 | €247,001 | €212,624 | -€34,377 | -13.9% |
| Trade debts | 44 | €141,078 | €86,592 | -€54,486 | -38.6% |
| Suppliers | 440/4 | €141,078 | €86,592 | -€54,486 | -38.6% |
| Taxes, remuneration and social security | 45 | €105,923 | €126,032 | +€20,110 | +19.0% |
| Taxes | 450/3 | €881 | €880 | -€1 | -0.2% |
| Remuneration and social security | 454/9 | €105,041 | €125,152 | +€20,111 | +19.1% |
| Accrued charges and deferred income | 492/3 | €7,866 | - | -€7,866 | |
| Remuneration, social security and pensions | 62 | €1,128,228 | €1,171,114 | +€42,886 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €824 | +€824 | |
| Other operating charges | 640/8 | €225 | - | -€225 | |
| Gross operating margin | 9900 | €1,126,914 | €1,306,451 | +€179,537 | +15.9% |
| Operating profit (loss) | 9901 | -€1,539 | €134,513 | +€136,052 | |
| Financial income | 75/76B | €4,211 | €1,270 | -€2,941 | -69.8% |
| Recurring financial income | 75 | €4,211 | €1,270 | -€2,941 | -69.8% |
| Financial charges | 65/66B | €6,355 | €7,452 | +€1,098 | +17.3% |
| Recurring financial charges | 65 | €6,355 | €7,452 | +€1,098 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,683 | €128,331 | +€132,013 | |
| Income taxes | 67/77 | -€461 | €1,225 | +€1,686 | |
| Profit (loss) for the period | 9904 | -€3,222 | €127,106 | +€130,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,222 | €127,106 | +€130,327 |
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 15 October 2026 via checked.be.