L'UNION: 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.
L'UNION
Largest movements
- Receivables within one year -€12,541
down €12,541 (-29.5%), from €42,556 to €30,015
of which Trade receivables: -€10,489
- Tangible fixed assets -€9,507
down €9,507 (-18.1%), from €52,500 to €42,993
of which Other tangible fixed assets: -€10,500
- Deferred charges and accrued income -€1,781
no longer reported in 2024 (was €1,781)
- Trade debts -€26,779
down €26,779 (-27.5%), from €97,451 to €70,672
- Advances received +€22,068
new in 2024: €22,068
- Profit (loss) carried forward -€18,742
down €18,742 (-61.5%), from -€30,467 to -€49,209
- Other debts -€2,257
down €2,257 (-18.8%), from €12,003 to €9,747
- Tax, wage and social debts +€1,840
up €1,840 (+27.5%), from €6,692 to €8,532
- Gross operating margin -€27,597
down €27,597 (-77.6%), from €35,557 to €7,960
- Taxes +€11,773
new in 2024: €11,773
- Depreciation -€1,872
down €1,872 (-14.9%), from €12,602 to €10,731
- Other operating charges -€523
down €523 (-12.9%), from €4,049 to €3,525
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.
Derived cash bridge
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 | €104,280 | €81,129 | -€23,151 | -22.2% |
| Fixed assets | 21/28 | €56,084 | €46,576 | -€9,507 | -17.0% |
| Tangible fixed assets | 22/27 | €52,500 | €42,993 | -€9,507 | -18.1% |
| Furniture and vehicles | 24 | - | €993 | +€993 | |
| Other tangible fixed assets | 26 | €52,500 | €42,000 | -€10,500 | -20.0% |
| Financial fixed assets | 28 | €3,584 | €3,584 | = | 0.0% |
| Current assets | 29/58 | €48,196 | €34,553 | -€13,643 | -28.3% |
| Stocks and contracts in progress | 3 | €1,747 | €2,372 | +€625 | +35.8% |
| Stocks | 30/36 | €1,747 | €2,372 | +€625 | +35.8% |
| Amounts receivable within one year | 40/41 | €42,556 | €30,015 | -€12,541 | -29.5% |
| Trade receivables | 40 | €10,489 | - | -€10,489 | |
| Other amounts receivable | 41 | €32,067 | €30,015 | -€2,052 | -6.4% |
| Cash at bank and in hand | 54/58 | €2,113 | €2,166 | +€53 | +2.5% |
| Deferred charges and accrued income | 490/1 | €1,781 | - | -€1,781 | |
| Total equity and liabilities | 10/49 | €104,280 | €81,129 | -€23,151 | -22.2% |
| Equity | 10/15 | -€11,867 | -€30,609 | -€18,742 | -158% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,467 | -€49,209 | -€18,742 | -61.5% |
| Amounts payable | 17/49 | €116,147 | €111,738 | -€4,408 | -3.8% |
| Amounts payable after more than one year | 17 | - | €55 | +€55 | |
| Financial debts | 170/4 | - | €55 | +€55 | |
| Amounts payable within one year | 42/48 | €116,147 | €111,683 | -€4,464 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €664 | +€664 | |
| Trade debts | 44 | €97,451 | €70,672 | -€26,779 | -27.5% |
| Suppliers | 440/4 | €97,451 | €70,672 | -€26,779 | -27.5% |
| Advances received on contracts in progress | 46 | - | €22,068 | +€22,068 | |
| Taxes, remuneration and social security | 45 | €6,692 | €8,532 | +€1,840 | +27.5% |
| Taxes | 450/3 | €6,692 | €8,532 | +€1,840 | +27.5% |
| Other amounts payable | 47/48 | €12,003 | €9,747 | -€2,257 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,602 | €10,731 | -€1,872 | -14.9% |
| Other operating charges | 640/8 | €4,049 | €3,525 | -€523 | -12.9% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €35,557 | €7,960 | -€27,597 | -77.6% |
| Operating profit (loss) | 9901 | €18,906 | -€6,396 | -€25,302 | |
| Financial charges | 65/66B | €623 | €573 | -€50 | -8.0% |
| Recurring financial charges | 65 | €623 | €573 | -€50 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €18,283 | -€6,969 | -€25,252 | |
| Income taxes | 67/77 | - | €11,773 | +€11,773 | |
| Profit (loss) for the period | 9904 | €18,283 | -€18,742 | -€37,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,283 | -€18,742 | -€37,025 |
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 23 October 2026 via checked.be.