B&S UNITED: 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.
B&S UNITED
Largest movements
- Tangible fixed assets -€19,095
down €19,095 (-11.2%), from €170,367 to €151,272
- Cash +€17,822
up €17,822 (+39.4%), from €45,233 to €63,055
mainly Debts after one year (+€23,248) and Depreciation (+€19,095)
- Stocks and contracts -€4,787
down €4,787 (-3.3%), from €147,009 to €142,222
- Debts after one year +€23,248
up €23,248 (+21.5%), from €108,251 to €131,498
- Reserves -€20,727
down €20,727 (-40.7%), from €50,949 to €30,222
- Other debts +€9,467
up €9,467 (+73.9%), from €12,808 to €22,275
- Profit (loss) carried forward -€8,667
down €8,667 (-114%), from -€7,610 to -€16,277
- Tax, wage and social debts -€5,840
down €5,840 (-25.7%), from €22,705 to €16,864
of which Taxes: -€3,990
- Gross operating margin -€14,896
down €14,896 (-27.0%), from €55,182 to €40,287
- Staff costs -€14,058
down €14,058 (-66.3%), from €21,190 to €7,132
- Financial charges +€2,283
up €2,283 (+15.1%), from €15,081 to €17,364
- Other operating charges -€1,362
down €1,362 (-22.2%), from €6,135 to €4,773
- Depreciation -€737
down €737 (-3.7%), from €19,831 to €19,095
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 | €367,353 | €361,490 | -€5,863 | -1.6% |
| Fixed assets | 21/28 | €174,117 | €155,022 | -€19,095 | -11.0% |
| Tangible fixed assets | 22/27 | €170,367 | €151,272 | -€19,095 | -11.2% |
| Land and buildings | 22 | €150,634 | €141,839 | -€8,795 | -5.8% |
| Plant, machinery and equipment | 23 | €11,126 | €6,744 | -€4,382 | -39.4% |
| Furniture and vehicles | 24 | €6,064 | €838 | -€5,225 | -86.2% |
| Other tangible fixed assets | 26 | €2,543 | €1,851 | -€692 | -27.2% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €193,237 | €206,468 | +€13,232 | +6.8% |
| Stocks and contracts in progress | 3 | €147,009 | €142,222 | -€4,787 | -3.3% |
| Stocks | 30/36 | €147,009 | €142,222 | -€4,787 | -3.3% |
| Amounts receivable within one year | 40/41 | - | €189 | +€189 | |
| Other amounts receivable | 41 | - | €189 | +€189 | |
| Cash at bank and in hand | 54/58 | €45,233 | €63,055 | +€17,822 | +39.4% |
| Deferred charges and accrued income | 490/1 | €994 | €1,002 | +€8 | +0.8% |
| Total equity and liabilities | 10/49 | €367,353 | €361,490 | -€5,863 | -1.6% |
| Equity | 10/15 | €55,739 | €26,345 | -€29,394 | -52.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,949 | €30,222 | -€20,727 | -40.7% |
| Distributable reserves | 133 | €50,949 | €30,222 | -€20,727 | -40.7% |
| Profit (loss) carried forward | 14 | -€7,610 | -€16,277 | -€8,667 | -114% |
| Provisions and deferred taxes | 16 | €138,065 | €137,220 | -€845 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €138,065 | €137,220 | -€845 | -0.6% |
| Other liabilities and charges | 164/5 | €138,065 | €137,220 | -€845 | -0.6% |
| Amounts payable | 17/49 | €173,549 | €197,925 | +€24,376 | +14.0% |
| Amounts payable after more than one year | 17 | €108,251 | €131,498 | +€23,248 | +21.5% |
| Financial debts | 170/4 | €108,251 | €131,498 | +€23,248 | +21.5% |
| Amounts payable within one year | 42/48 | €63,369 | €63,326 | -€43 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,645 | €1,404 | -€4,241 | -75.1% |
| Financial debts | 43 | - | €1,502 | +€1,502 | |
| Credit institutions | 430/8 | - | €1,502 | +€1,502 | |
| Trade debts | 44 | €22,211 | €21,281 | -€931 | -4.2% |
| Suppliers | 440/4 | €22,211 | €21,281 | -€931 | -4.2% |
| Taxes, remuneration and social security | 45 | €22,705 | €16,864 | -€5,840 | -25.7% |
| Taxes | 450/3 | €17,761 | €13,770 | -€3,990 | -22.5% |
| Remuneration and social security | 454/9 | €4,944 | €3,094 | -€1,850 | -37.4% |
| Other amounts payable | 47/48 | €12,808 | €22,275 | +€9,467 | +73.9% |
| Accrued charges and deferred income | 492/3 | €1,929 | €3,100 | +€1,171 | +60.7% |
| Remuneration, social security and pensions | 62 | €21,190 | €7,132 | -€14,058 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,831 | €19,095 | -€737 | -3.7% |
| Other operating charges | 640/8 | €6,135 | €4,773 | -€1,362 | -22.2% |
| Gross operating margin | 9900 | €55,182 | €40,287 | -€14,896 | -27.0% |
| Operating profit (loss) | 9901 | €8,026 | €9,287 | +€1,261 | +15.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €15,081 | €17,364 | +€2,283 | +15.1% |
| Recurring financial charges | 65 | €15,081 | €17,364 | +€2,283 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,056 | -€8,078 | -€1,022 | -14.5% |
| Income taxes | 67/77 | €554 | €590 | +€36 | +6.4% |
| Profit (loss) for the period | 9904 | -€7,610 | -€8,667 | -€1,058 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,610 | -€8,667 | -€1,058 | -13.9% |
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 15 October 2026 via checked.be.