UNICORN ASSOCIATES: 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.
UNICORN ASSOCIATES
Largest movements
- Cash -€171,415
down €171,415 (-60.7%), from €282,238 to €110,822
mainly Contributions, distributions and other (-€183,785) and Net result for the year (-€8,987)
- Receivables within one year -€28,998
down €28,998 (-55.0%), from €52,761 to €23,763
of which Other amounts receivable: -€19,920
- Reserves -€185,885
down €185,885 (-59.5%), from €312,370 to €126,486
- Profit (loss) carried forward -€6,887
new in 2025: -€6,887
- Trade debts -€5,090
down €5,090 (-46.9%), from €10,852 to €5,761
- Gross operating margin -€33,465
down €33,465, from €28,670 to -€4,794
- Taxes -€8,153
down €8,153 (-98.0%), from €8,318 to €165
- Other operating charges -€654
down €654 (-16.3%), from €4,016 to €3,363
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 | €335,009 | €134,596 | -€200,413 | -59.8% |
| Current assets | 29/58 | €335,009 | €134,596 | -€200,413 | -59.8% |
| Amounts receivable within one year | 40/41 | €52,761 | €23,763 | -€28,998 | -55.0% |
| Trade receivables | 40 | €20,324 | €11,246 | -€9,078 | -44.7% |
| Other amounts receivable | 41 | €32,437 | €12,517 | -€19,920 | -61.4% |
| Cash at bank and in hand | 54/58 | €282,238 | €110,822 | -€171,415 | -60.7% |
| Deferred charges and accrued income | 490/1 | €10 | €10 | = | 0.0% |
| Total equity and liabilities | 10/49 | €335,009 | €134,596 | -€200,413 | -59.8% |
| Equity | 10/15 | €319,370 | €126,599 | -€192,771 | -60.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €312,370 | €126,486 | -€185,885 | -59.5% |
| Distributable reserves | 133 | €312,370 | €126,486 | -€185,885 | -59.5% |
| Profit (loss) carried forward | 14 | - | -€6,887 | -€6,887 | |
| Amounts payable | 17/49 | €15,639 | €7,997 | -€7,642 | -48.9% |
| Amounts payable within one year | 42/48 | €15,639 | €7,997 | -€7,642 | -48.9% |
| Trade debts | 44 | €10,852 | €5,761 | -€5,090 | -46.9% |
| Suppliers | 440/4 | €10,852 | €5,761 | -€5,090 | -46.9% |
| Taxes, remuneration and social security | 45 | €4,787 | €1,794 | -€2,994 | -62.5% |
| Taxes | 450/3 | €4,787 | €1,794 | -€2,994 | -62.5% |
| Other amounts payable | 47/48 | - | €442 | +€442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | - | -€122 | |
| Other operating charges | 640/8 | €4,016 | €3,363 | -€654 | -16.3% |
| Non-recurring operating charges | 66A | €252 | €566 | +€313 | +124% |
| Gross operating margin | 9900 | €28,670 | -€4,794 | -€33,465 | |
| Operating profit (loss) | 9901 | €24,279 | -€8,723 | -€33,002 | |
| Financial income | 75/76B | €1 | €4 | +€2 | +213% |
| Recurring financial income | 75 | €1 | €4 | +€2 | +213% |
| Financial charges | 65/66B | €108 | €102 | -€6 | -5.1% |
| Recurring financial charges | 65 | €108 | €102 | -€6 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €24,173 | -€8,822 | -€32,994 | |
| Income taxes | 67/77 | €8,318 | €165 | -€8,153 | -98.0% |
| Profit (loss) for the period | 9904 | €15,855 | -€8,987 | -€24,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,855 | -€8,987 | -€24,842 |
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 18 October 2026 via checked.be.