UNION: what changed
UNION
Largest movements
- Tangible fixed assets +€24,414
up €24,414 (+209%), from €11,689 to €36,103
- Cash +€5,302
up €5,302 (+35,418%), from €15 to €5,317
mainly Net result for the year (+€12,716) and Debts after one year (+€12,675)
- Receivables within one year -€2,965
down €2,965 (-23.9%), from €12,398 to €9,433
of which Trade receivables: -€11,035
- Deferred charges and accrued income +€617
new in 2025: €617
- Profit (loss) carried forward +€12,716
up €12,716 (+167%), from €7,607 to €20,323
- Debts after one year +€12,675
new in 2025: €12,675
- Other debts -€4,698
down €4,698 (-25.1%), from €18,746 to €14,048
- Tax, wage and social debts +€3,584
up €3,584 (+154%), from €2,331 to €5,914
of which Remuneration and social security: +€2,522
- Current portion of long-term debt +€2,399
new in 2025: €2,399
- Gross operating margin +€22,238
up €22,238 (+234%), from €9,522 to €31,760
- Depreciation +€6,860
up €6,860 (+425%), from €1,614 to €8,474
- Staff costs +€6,476
new in 2025: €6,476
- Taxes +€1,977
new in 2025: €1,977
- Other operating charges +€790
up €790 (+263%), from €300 to €1,090
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,102 | €60,470 | +€27,368 | +82.7% |
| Fixed assets | 21/28 | €20,689 | €45,103 | +€24,414 | +118% |
| Tangible fixed assets | 22/27 | €11,689 | €36,103 | +€24,414 | +209% |
| Furniture and vehicles | 24 | €11,689 | €36,103 | +€24,414 | +209% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €12,413 | €15,367 | +€2,954 | +23.8% |
| Amounts receivable within one year | 40/41 | €12,398 | €9,433 | -€2,965 | -23.9% |
| Trade receivables | 40 | €12,398 | €1,363 | -€11,035 | -89.0% |
| Other amounts receivable | 41 | - | €8,070 | +€8,070 | |
| Cash at bank and in hand | 54/58 | €15 | €5,317 | +€5,302 | +35,418% |
| Deferred charges and accrued income | 490/1 | - | €617 | +€617 | |
| Total equity and liabilities | 10/49 | €33,102 | €60,470 | +€27,368 | +82.7% |
| Equity | 10/15 | €10,607 | €23,323 | +€12,716 | +120% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,607 | €20,323 | +€12,716 | +167% |
| Amounts payable | 17/49 | €22,495 | €37,147 | +€14,652 | +65.1% |
| Amounts payable after more than one year | 17 | - | €12,675 | +€12,675 | |
| Financial debts | 170/4 | - | €12,675 | +€12,675 | |
| Amounts payable within one year | 42/48 | €22,495 | €24,472 | +€1,977 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,399 | +€2,399 | |
| Trade debts | 44 | €1,418 | €2,111 | +€693 | +48.8% |
| Suppliers | 440/4 | €1,418 | €2,111 | +€693 | +48.8% |
| Taxes, remuneration and social security | 45 | €2,331 | €5,914 | +€3,584 | +154% |
| Taxes | 450/3 | €2,331 | €3,392 | +€1,061 | +45.5% |
| Remuneration and social security | 454/9 | - | €2,522 | +€2,522 | |
| Other amounts payable | 47/48 | €18,746 | €14,048 | -€4,698 | -25.1% |
| Remuneration, social security and pensions | 62 | - | €6,476 | +€6,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,614 | €8,474 | +€6,860 | +425% |
| Other operating charges | 640/8 | €300 | €1,090 | +€790 | +263% |
| Non-recurring operating charges | 66A | - | €641 | +€641 | |
| Gross operating margin | 9900 | €9,522 | €31,760 | +€22,238 | +234% |
| Operating profit (loss) | 9901 | €7,608 | €15,079 | +€7,471 | +98.2% |
| Financial charges | 65/66B | €1 | €386 | +€385 | +46,429% |
| Recurring financial charges | 65 | €1 | €386 | +€385 | +46,429% |
| Profit (loss) for the period before taxes | 9903 | €7,607 | €14,693 | +€7,086 | +93.1% |
| Income taxes | 67/77 | - | €1,977 | +€1,977 | |
| Profit (loss) for the period | 9904 | €7,607 | €12,716 | +€5,109 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,607 | €12,716 | +€5,109 | +67.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.