UNION.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.
UNION.A
Largest movements
- Stocks and contracts +€2,468
up €2,468 (+14.4%), from €17,091 to €19,559
- Cash +€2,438
up €2,438 (+238%), from €1,026 to €3,464
mainly Trade debts (+€2,587) and Depreciation (+€1,884)
- Tangible fixed assets -€1,884
down €1,884 (-47.2%), from €3,987 to €2,104
of which Land and buildings: -€1,798
- Trade debts +€2,587
up €2,587 (+32.3%), from €8,019 to €10,606
- Profit (loss) carried forward +€996
up €996 (+13.2%), from €7,549 to €8,546
- Tax, wage and social debts -€840
down €840 (-67.9%), from €1,237 to €397
- Other debts +€600
up €600 (+311%), from €193 to €793
- Purchases and services -€18,348
down €18,348 (-6.9%), from €266,289 to €247,941
- Turnover -€18,270
down €18,270 (-6.8%), from €266,920 to €248,650
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 | €36,019 | €39,362 | +€3,343 | +9.3% |
| Fixed assets | 21/28 | €10,417 | €8,534 | -€1,884 | -18.1% |
| Intangible fixed assets | 21 | €6,430 | €6,430 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,987 | €2,104 | -€1,884 | -47.2% |
| Land and buildings | 22 | €3,595 | €1,798 | -€1,798 | -50.0% |
| Plant, machinery and equipment | 23 | €392 | €306 | -€86 | -22.0% |
| Current assets | 29/58 | €25,601 | €30,828 | +€5,227 | +20.4% |
| Stocks and contracts in progress | 3 | €17,091 | €19,559 | +€2,468 | +14.4% |
| Stocks | 30/36 | €17,091 | €19,559 | +€2,468 | +14.4% |
| Amounts receivable within one year | 40/41 | €6,247 | €6,524 | +€277 | +4.4% |
| Other amounts receivable | 41 | €6,247 | €6,524 | +€277 | +4.4% |
| Cash at bank and in hand | 54/58 | €1,026 | €3,464 | +€2,438 | +238% |
| Deferred charges and accrued income | 490/1 | €1,238 | €1,281 | +€44 | +3.5% |
| Total equity and liabilities | 10/49 | €36,019 | €39,362 | +€3,343 | +9.3% |
| Equity | 10/15 | €26,570 | €27,566 | +€996 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €421 | €421 | = | 0.0% |
| Non-distributable reserves | 130/1 | €255 | €255 | = | 0.0% |
| Reserves not available under the articles | 1311 | €255 | €255 | = | 0.0% |
| Distributable reserves | 133 | €166 | €166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,549 | €8,546 | +€996 | +13.2% |
| Amounts payable | 17/49 | €9,449 | €11,796 | +€2,347 | +24.8% |
| Amounts payable within one year | 42/48 | €9,449 | €11,796 | +€2,347 | +24.8% |
| Trade debts | 44 | €8,019 | €10,606 | +€2,587 | +32.3% |
| Suppliers | 440/4 | €8,019 | €10,606 | +€2,587 | +32.3% |
| Taxes, remuneration and social security | 45 | €1,237 | €397 | -€840 | -67.9% |
| Taxes | 450/3 | €1,237 | €397 | -€840 | -67.9% |
| Other amounts payable | 47/48 | €193 | €793 | +€600 | +311% |
| Turnover | 70 | €266,920 | €248,650 | -€18,270 | -6.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €266,289 | €247,941 | -€18,348 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,837 | €1,884 | +€47 | +2.6% |
| Other operating charges | 640/8 | €1,903 | €1,744 | -€159 | -8.4% |
| Gross operating margin | 9900 | €5,293 | €4,801 | -€492 | -9.3% |
| Operating profit (loss) | 9901 | €1,553 | €1,174 | -€380 | -24.4% |
| Financial income | 75/76B | €283 | €289 | +€7 | +2.3% |
| Recurring financial income | 75 | €283 | €289 | +€7 | +2.3% |
| Financial charges | 65/66B | €89 | €218 | +€129 | +146% |
| Recurring financial charges | 65 | €89 | €218 | +€129 | +146% |
| Profit (loss) for the period before taxes | 9903 | €1,747 | €1,245 | -€502 | -28.7% |
| Income taxes | 67/77 | €349 | €249 | -€100 | -28.7% |
| Profit (loss) for the period | 9904 | €1,398 | €996 | -€402 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,398 | €996 | -€402 | -28.7% |
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 13 October 2026 via checked.be.