UNION GREGOIRE: 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 GREGOIRE
Largest movements
- Tangible fixed assets -€63,734
down €63,734 (-30.2%), from €211,251 to €147,517
of which Other tangible fixed assets: -€42,067
- Stocks and contracts -€47,831
down €47,831 (-13.7%), from €349,014 to €301,182
- Cash -€45,775
down €45,775 (-42.1%), from €108,851 to €63,076
mainly Trade debts (-€140,280) and Debts after one year (-€19,850)
- Receivables within one year +€19,146
up €19,146 (+3.3%), from €579,160 to €598,306
of which Trade receivables: +€10,820
- Trade debts -€140,280
down €140,280 (-32.0%), from €438,120 to €297,840
- Profit (loss) carried forward +€42,132
up €42,132 (+8.6%), from €491,995 to €534,127
- Debts after one year -€19,850
down €19,850 (-30.3%), from €65,459 to €45,609
- Current portion of long-term debt -€16,085
down €16,085 (-44.8%), from €35,935 to €19,850
- Gross operating margin +€43,968
up €43,968 (+13.6%), from €323,961 to €367,929
- Depreciation -€32,649
down €32,649 (-32.8%), from €99,587 to €66,938
- Financial income -€9,855
down €9,855 (-99.4%), from €9,912 to €58
- Financial charges -€6,420
down €6,420 (-53.6%), from €11,986 to €5,567
- Staff costs +€6,178
up €6,178 (+2.6%), from €238,569 to €244,747
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,273,149 | €1,132,939 | -€140,210 | -11.0% |
| Fixed assets | 21/28 | €212,546 | €148,812 | -€63,734 | -30.0% |
| Tangible fixed assets | 22/27 | €211,251 | €147,517 | -€63,734 | -30.2% |
| Plant, machinery and equipment | 23 | €84,404 | €73,396 | -€11,008 | -13.0% |
| Furniture and vehicles | 24 | €29,290 | €18,631 | -€10,659 | -36.4% |
| Other tangible fixed assets | 26 | €97,557 | €55,490 | -€42,067 | -43.1% |
| Financial fixed assets | 28 | €1,295 | €1,295 | = | 0.0% |
| Current assets | 29/58 | €1,060,603 | €984,127 | -€76,476 | -7.2% |
| Amounts receivable after more than one year | 29 | €8,500 | €8,500 | = | 0.0% |
| Other amounts receivable | 291 | €8,500 | €8,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €349,014 | €301,182 | -€47,831 | -13.7% |
| Stocks | 30/36 | €349,014 | €301,182 | -€47,831 | -13.7% |
| Amounts receivable within one year | 40/41 | €579,160 | €598,306 | +€19,146 | +3.3% |
| Trade receivables | 40 | €21,560 | €32,380 | +€10,820 | +50.2% |
| Other amounts receivable | 41 | €557,600 | €565,926 | +€8,326 | +1.5% |
| Cash at bank and in hand | 54/58 | €108,851 | €63,076 | -€45,775 | -42.1% |
| Deferred charges and accrued income | 490/1 | €15,079 | €13,062 | -€2,017 | -13.4% |
| Total equity and liabilities | 10/49 | €1,273,149 | €1,132,939 | -€140,210 | -11.0% |
| Equity | 10/15 | €684,495 | €726,627 | +€42,132 | +6.2% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €17,500 | €17,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €491,995 | €534,127 | +€42,132 | +8.6% |
| Amounts payable | 17/49 | €588,654 | €406,311 | -€182,343 | -31.0% |
| Amounts payable after more than one year | 17 | €65,459 | €45,609 | -€19,850 | -30.3% |
| Financial debts | 170/4 | €65,459 | €45,609 | -€19,850 | -30.3% |
| Amounts payable within one year | 42/48 | €521,357 | €358,867 | -€162,490 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €35,935 | €19,850 | -€16,085 | -44.8% |
| Trade debts | 44 | €438,120 | €297,840 | -€140,280 | -32.0% |
| Suppliers | 440/4 | €438,120 | €297,840 | -€140,280 | -32.0% |
| Taxes, remuneration and social security | 45 | €43,655 | €37,529 | -€6,125 | -14.0% |
| Remuneration and social security | 454/9 | €43,655 | €37,529 | -€6,125 | -14.0% |
| Other amounts payable | 47/48 | €3,648 | €3,648 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,837 | €1,835 | -€2 | -0.1% |
| Non-recurring operating income | 76A | €4,737 | €6,640 | +€1,903 | +40.2% |
| Remuneration, social security and pensions | 62 | €238,569 | €244,747 | +€6,178 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,587 | €66,938 | -€32,649 | -32.8% |
| Other operating charges | 640/8 | €8,555 | €8,602 | +€47 | +0.5% |
| Gross operating margin | 9900 | €323,961 | €367,929 | +€43,968 | +13.6% |
| Operating profit (loss) | 9901 | -€22,750 | €47,641 | +€70,392 | |
| Financial income | 75/76B | €9,912 | €58 | -€9,855 | -99.4% |
| Recurring financial income | 75 | €9,912 | €58 | -€9,855 | -99.4% |
| Financial charges | 65/66B | €11,986 | €5,567 | -€6,420 | -53.6% |
| Recurring financial charges | 65 | €11,986 | €5,567 | -€6,420 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,824 | €42,132 | +€66,956 | |
| Profit (loss) for the period | 9904 | -€24,824 | €42,132 | +€66,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,824 | €42,132 | +€66,956 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.