UNION B: 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 B
Largest movements
- Stocks and contracts +€225,234
up €225,234 (+528%), from €42,665 to €267,900
- Receivables within one year +€23,990
up €23,990 (+273%), from €8,783 to €32,773
- Cash +€4,131
up €4,131 (+17.6%), from €23,513 to €27,644
mainly Other debts (+€150,000) and Trade debts (+€105,699)
- Other debts +€150,000
up €150,000 (+2,299%), from €6,525 to €156,525
- Trade debts +€105,699
new in 2025: €105,699
- Profit (loss) carried forward -€3,795
down €3,795 (-39.3%), from -€9,662 to -€13,456
- Gross operating margin -€183
down €183 (-17.5%), from -€1,049 to -€1,232
- Other operating charges -€36
down €36 (-4.2%), from €869 to €833
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 | €77,863 | €329,767 | +€251,904 | +324% |
| Fixed assets | 21/28 | €2,902 | €1,451 | -€1,451 | -50.0% |
| Tangible fixed assets | 22/27 | €2,902 | €1,451 | -€1,451 | -50.0% |
| Other tangible fixed assets | 26 | €2,902 | €1,451 | -€1,451 | -50.0% |
| Current assets | 29/58 | €74,962 | €328,317 | +€253,355 | +338% |
| Stocks and contracts in progress | 3 | €42,665 | €267,900 | +€225,234 | +528% |
| Stocks | 30/36 | €42,665 | €267,900 | +€225,234 | +528% |
| Amounts receivable within one year | 40/41 | €8,783 | €32,773 | +€23,990 | +273% |
| Other amounts receivable | 41 | €8,783 | €32,773 | +€23,990 | +273% |
| Cash at bank and in hand | 54/58 | €23,513 | €27,644 | +€4,131 | +17.6% |
| Total equity and liabilities | 10/49 | €77,863 | €329,767 | +€251,904 | +324% |
| Equity | 10/15 | €71,338 | €67,544 | -€3,795 | -5.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,662 | -€13,456 | -€3,795 | -39.3% |
| Amounts payable | 17/49 | €6,525 | €262,224 | +€255,699 | +3,919% |
| Amounts payable within one year | 42/48 | €6,525 | €262,224 | +€255,699 | +3,919% |
| Trade debts | 44 | - | €105,699 | +€105,699 | |
| Suppliers | 440/4 | - | €105,699 | +€105,699 | |
| Other amounts payable | 47/48 | €6,525 | €156,525 | +€150,000 | +2,299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,451 | €1,451 | = | 0.0% |
| Other operating charges | 640/8 | €869 | €833 | -€36 | -4.2% |
| Gross operating margin | 9900 | -€1,049 | -€1,232 | -€183 | -17.5% |
| Operating profit (loss) | 9901 | -€3,369 | -€3,516 | -€147 | -4.4% |
| Financial charges | 65/66B | €274 | €279 | +€5 | +1.8% |
| Recurring financial charges | 65 | €274 | €279 | +€5 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,642 | -€3,795 | -€152 | -4.2% |
| Profit (loss) for the period | 9904 | -€3,642 | -€3,795 | -€152 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,642 | -€3,795 | -€152 | -4.2% |
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.