UNION LAB: 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 LAB
Largest movements
- Receivables within one year +€46,983
up €46,983 (+231.9%), from €20,262 to €67,245
of which Trade receivables: +€60,854
- Cash +€23,952
up €23,952 (+59.7%), from €40,149 to €64,101
mainly Trade debts (+€61,756) and Net result for the year (+€11,936)
- Trade debts +€61,756
up €61,756 (+5618.8%), from €1,099 to €62,855
- Profit (loss) carried forward +€11,936
up €11,936 (+27.4%), from €43,483 to €55,419
- Tax, wage and social debts -€2,757
down €2,757 (-17.4%), from €15,828 to €13,070
- Financial income -€48,972
down €48,972 (-75.3%), from €65,040 to €16,068
- Financial charges -€44,417
down €44,417 (-67.8%), from €65,507 to €21,090
- Gross operating margin -€4,279
down €4,279 (-16.9%), from €25,308 to €21,029
- Taxes -€2,955
down €2,955 (-48.3%), from €6,114 to €3,159
- Other operating charges +€528
up €528 (+137.3%), from €384 to €912
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 | €60,411 | €131,345 | +€70,935 | +117.4% |
| Current assets | 29/58 | €60,411 | €131,345 | +€70,935 | +117.4% |
| Amounts receivable within one year | 40/41 | €20,262 | €67,245 | +€46,983 | +231.9% |
| Trade receivables | 40 | - | €60,854 | +€60,854 | |
| Other amounts receivable | 41 | €20,262 | €6,390 | -€13,871 | -68.5% |
| Cash at bank and in hand | 54/58 | €40,149 | €64,101 | +€23,952 | +59.7% |
| Total equity and liabilities | 10/49 | €60,411 | €131,345 | +€70,935 | +117.4% |
| Equity | 10/15 | €43,484 | €55,420 | +€11,936 | +27.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,483 | €55,419 | +€11,936 | +27.4% |
| Amounts payable | 17/49 | €16,927 | €75,925 | +€58,998 | +348.6% |
| Amounts payable within one year | 42/48 | €16,927 | €75,925 | +€58,998 | +348.6% |
| Trade debts | 44 | €1,099 | €62,855 | +€61,756 | +5618.8% |
| Suppliers | 440/4 | €1,099 | €62,855 | +€61,756 | +5618.8% |
| Taxes, remuneration and social security | 45 | €15,828 | €13,070 | -€2,757 | -17.4% |
| Taxes | 450/3 | €15,828 | €13,070 | -€2,757 | -17.4% |
| Other operating charges | 640/8 | €384 | €912 | +€528 | +137.3% |
| Gross operating margin | 9900 | €25,308 | €21,029 | -€4,279 | -16.9% |
| Operating profit (loss) | 9901 | €24,924 | €20,117 | -€4,807 | -19.3% |
| Financial income | 75/76B | €65,040 | €16,068 | -€48,972 | -75.3% |
| Recurring financial income | 75 | €65,040 | €16,068 | -€48,972 | -75.3% |
| Financial charges | 65/66B | €65,507 | €21,090 | -€44,417 | -67.8% |
| Recurring financial charges | 65 | €65,507 | €21,090 | -€44,417 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €24,457 | €15,095 | -€9,362 | -38.3% |
| Income taxes | 67/77 | €6,114 | €3,159 | -€2,955 | -48.3% |
| Profit (loss) for the period | 9904 | €18,343 | €11,936 | -€6,407 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,343 | €11,936 | -€6,407 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.