UNIVERSAL ASSOCIATION: 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.
UNIVERSAL ASSOCIATION
Largest movements
- Receivables within one year +€5,155
up €5,155, from €0 to €5,155
- Cash +€4,635
up €4,635 (+1.6%), from €289,683 to €294,317
mainly Net result for the year (+€31,721) and Other debts (+€28,650)
- Other debts +€28,650
up €28,650 (+92.4%), from €31,000 to €59,650
- Reserves -€21,279
down €21,279 (-8.1%), from €261,318 to €240,039
- Gross operating margin -€49,114
down €49,114 (-48.1%), from €102,191 to €53,077
- Taxes -€17,392
down €17,392 (-53.9%), from €32,242 to €14,850
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 | €401,998 | €411,757 | +€9,759 | +2.4% |
| Fixed assets | 21/28 | €112,315 | €112,284 | -€31 | 0.0% |
| Tangible fixed assets | 22/27 | €112,045 | €112,014 | -€31 | 0.0% |
| Land and buildings | 22 | €112,045 | €112,014 | -€31 | 0.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €289,683 | €299,473 | +€9,790 | +3.4% |
| Amounts receivable within one year | 40/41 | €0 | €5,155 | +€5,155 | |
| Other amounts receivable | 41 | €0 | €5,155 | +€5,155 | |
| Cash at bank and in hand | 54/58 | €289,683 | €294,317 | +€4,635 | +1.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €401,998 | €411,757 | +€9,759 | +2.4% |
| Equity | 10/15 | €336,318 | €315,039 | -€21,279 | -6.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €261,318 | €240,039 | -€21,279 | -8.1% |
| Distributable reserves | 133 | €261,318 | €240,039 | -€21,279 | -8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,680 | €96,718 | +€31,038 | +47.3% |
| Amounts payable within one year | 42/48 | €65,680 | €96,718 | +€31,038 | +47.3% |
| Trade debts | 44 | €2,196 | €1,634 | -€562 | -25.6% |
| Suppliers | 440/4 | €2,196 | €1,634 | -€562 | -25.6% |
| Taxes, remuneration and social security | 45 | €32,484 | €35,434 | +€2,950 | +9.1% |
| Taxes | 450/3 | €32,484 | €35,434 | +€2,950 | +9.1% |
| Other amounts payable | 47/48 | €31,000 | €59,650 | +€28,650 | +92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €31 | = | 0.0% |
| Other operating charges | 640/8 | €6,177 | €6,163 | -€14 | -0.2% |
| Gross operating margin | 9900 | €102,191 | €53,077 | -€49,114 | -48.1% |
| Operating profit (loss) | 9901 | €95,984 | €46,884 | -€49,100 | -51.2% |
| Financial charges | 65/66B | €208 | €313 | +€105 | +50.7% |
| Recurring financial charges | 65 | €208 | €313 | +€105 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €95,776 | €46,571 | -€49,205 | -51.4% |
| Income taxes | 67/77 | €32,242 | €14,850 | -€17,392 | -53.9% |
| Profit (loss) for the period | 9904 | €63,534 | €31,721 | -€31,813 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,534 | €31,721 | -€31,813 | -50.1% |
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 16 October 2026 via checked.be.