United Beet Seeds: what changed
What changed
United Beet Seeds
NACE 72.109, Other research and development on natural sciences
filed annual accounts (NBB)
Net result for the year
-€683,693
2024 · -€4,541-€679,152
Equity
€659.4m
2024 · €95,459+€659.3m
Cash
-
not filed
Balance sheet total
€677.2m
2024 · €101,082+€677.1m
Largest movements
Assets
- Financial fixed assets +€652.2m
new in 2025: €652.2m
- Receivables within one year +€24.7m
up €24.7m (+24,658%), from €100,000 to €24.8m
of which Other amounts receivable: +€23.4m
Equity and liabilities
- Contributions +€660.0m
up €660.0m (+660,000%), from €100,000 to €660.1m
- Short-term financial debts +€15.8m
new in 2025: €15.8m
Income statement
- Financial income +€1.3m
new in 2025: €1.3m
- Financial charges +€1.1m
new in 2025: €1.1m
- Gross operating margin -€802,283
down €802,283 (-20,057%), from -€4,000 to -€806,283
- Other operating charges +€15,015
new in 2025: €15,015
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€4,541
Gross operating margin
-€802,283
Depreciation
-€541
Write-downs
+€541
Other operating charges
-€15,015
Financial income
+€1.3m
Financial charges
-€1.1m
Result 2025
-€683,693
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,082 | €677,205,636 | +€677.1m | +669,857% |
| Formation expenses | 20 | €1,082 | €541 | -€541 | -50.0% |
| Fixed assets | 21/28 | - | €652,242,000 | +€652.2m | |
| Financial fixed assets | 28 | - | €652,242,000 | +€652.2m | |
| Current assets | 29/58 | €100,000 | €24,963,095 | +€24.9m | +24,863% |
| Amounts receivable within one year | 40/41 | €100,000 | €24,758,068 | +€24.7m | +24,658% |
| Trade receivables | 40 | - | €1,288,996 | +€1.3m | |
| Other amounts receivable | 41 | €100,000 | €23,469,071 | +€23.4m | +23,369% |
| Current investments | 50/53 | - | €205,027 | +€205,027 | |
| Total equity and liabilities | 10/49 | €101,082 | €677,205,636 | +€677.1m | +669,857% |
| Equity | 10/15 | €95,459 | €659,411,766 | +€659.3m | +690,680% |
| Contributions | 10/11 | €100,000 | €660,100,000 | +€660.0m | +660,000% |
| Profit (loss) carried forward | 14 | -€4,541 | -€688,234 | -€683,693 | -15,056% |
| Amounts payable | 17/49 | €5,623 | €17,793,870 | +€17.8m | +316,348% |
| Amounts payable within one year | 42/48 | €5,623 | €17,793,870 | +€17.8m | +316,348% |
| Financial debts | 43 | - | €15,849,998 | +€15.8m | |
| Other loans | 439 | - | €15,849,998 | +€15.8m | |
| Trade debts | 44 | €5,623 | €1,797,199 | +€1.8m | +31,862% |
| Suppliers | 440/4 | €5,623 | €1,797,199 | +€1.8m | +31,862% |
| Taxes, remuneration and social security | 45 | - | €146,673 | +€146,673 | |
| Taxes | 450/3 | - | €146,673 | +€146,673 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €541 | +€541 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €541 | - | -€541 | |
| Other operating charges | 640/8 | - | €15,015 | +€15,015 | |
| Gross operating margin | 9900 | -€4,000 | -€806,283 | -€802,283 | -20,057% |
| Operating profit (loss) | 9901 | -€4,541 | -€821,839 | -€817,298 | -17,998% |
| Financial income | 75/76B | - | €1,279,996 | +€1.3m | |
| Recurring financial income | 75 | - | €1,279,996 | +€1.3m | |
| Financial charges | 65/66B | - | €1,141,850 | +€1.1m | |
| Recurring financial charges | 65 | - | €1,141,850 | +€1.1m | |
| Profit (loss) for the period before taxes | 9903 | -€4,541 | -€683,693 | -€679,152 | -14,956% |
| Profit (loss) for the period | 9904 | -€4,541 | -€683,693 | -€679,152 | -14,956% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,541 | -€683,693 | -€679,152 | -14,956% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.