UNION FOUNDATION: what changed
Two fiscal 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 FOUNDATION
Largest movements
- Receivables within one year -€193,207
down €193,207 (-99.7%), from €193,734 to €527
- Cash -€13,583
down €13,583 (-94.9%), from €14,319 to €736
mainly Debts within one year (-€349,752) and Net result for the year (-€27,710)
- Debts within one year -€349,752
down €349,752 (-99.0%), from €353,135 to €3,383
- Debts after one year +€170,579
new in 2024: €170,579
- Profit (loss) carried forward -€27,710
down €27,710 (-19.1%), from -€144,988 to -€172,699
- Gross operating margin -€41,281
down €41,281, from €13,750 to -€27,532
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,147 | €1,263 | -€206,884 | -99.4% |
| Current assets | 29/58 | €208,147 | €1,263 | -€206,884 | -99.4% |
| Amounts receivable within one year | 40/41 | €193,734 | €527 | -€193,207 | -99.7% |
| Trade receivables | 40 | €193,734 | €527 | -€193,207 | -99.7% |
| Cash at bank and in hand | 54/58 | €14,319 | €736 | -€13,583 | -94.9% |
| Deferred charges and accrued income | 490/1 | €93 | €0 | -€93 | -100.0% |
| Total equity and liabilities | 10/49 | €208,147 | €1,263 | -€206,884 | -99.4% |
| Equity | 10/15 | -€144,988 | -€172,699 | -€27,710 | -19.1% |
| Profit (loss) carried forward | 14 | -€144,988 | -€172,699 | -€27,710 | -19.1% |
| Amounts payable | 17/49 | €353,135 | €173,962 | -€179,173 | -50.7% |
| Amounts payable after more than one year | 17 | - | €170,579 | +€170,579 | |
| Financial debts | 170/4 | - | €170,579 | +€170,579 | |
| Amounts payable within one year | 42/48 | €353,135 | €3,383 | -€349,752 | -99.0% |
| Trade debts | 44 | €5,364 | €3,383 | -€1,981 | -36.9% |
| Suppliers | 440/4 | €5,364 | €3,383 | -€1,981 | -36.9% |
| Non-recurring operating income | 76A | €2,075 | €0 | -€2,075 | -100.0% |
| Gross operating margin | 9900 | €13,750 | -€27,532 | -€41,281 | |
| Operating profit (loss) | 9901 | €13,750 | -€27,532 | -€41,281 | |
| Financial charges | 65/66B | €119 | €179 | +€60 | +50.1% |
| Recurring financial charges | 65 | €119 | €179 | +€60 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €13,631 | -€27,710 | -€41,341 | |
| Profit (loss) for the period | 9904 | €13,631 | -€27,710 | -€41,341 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,631 | -€27,710 | -€41,341 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.