UNITED PUB: what changed
Two fiscal 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.
UNITED PUB
Largest movements
- Tangible fixed assets -€23,327
down €23,327 (-4.6%), from €505,357 to €482,030
of which Land and buildings: -€14,001
- Debts after one year -€58,467
down €58,467 (-23.1%), from €252,959 to €194,492
- Other debts +€50,350
up €50,350 (+42.7%), from €118,014 to €168,364
- Tax, wage and social debts -€17,933
down €17,933 (-69.7%), from €25,745 to €7,812
- Gross operating margin -€4,946
down €4,946 (-3.4%), from €145,347 to €140,401
- Taxes -€2,063
down €2,063 (-6.2%), from €33,207 to €31,144
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.
Cash bridge derived
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 | €695,364 | €673,877 | -€21,487 | -3.1% |
| Fixed assets | 21/28 | €645,357 | €622,030 | -€23,327 | -3.6% |
| Tangible fixed assets | 22/27 | €505,357 | €482,030 | -€23,327 | -4.6% |
| Land and buildings | 22 | €486,545 | €472,544 | -€14,001 | -2.9% |
| Furniture and vehicles | 24 | €18,445 | €9,119 | -€9,326 | -50.6% |
| Other tangible fixed assets | 26 | €367 | €367 | = | 0.0% |
| Financial fixed assets | 28 | €140,000 | €140,000 | = | 0.0% |
| Current assets | 29/58 | €50,007 | €51,847 | +€1,840 | +3.7% |
| Amounts receivable within one year | 40/41 | €1,591 | €3,862 | +€2,271 | +142.7% |
| Trade receivables | 40 | €189 | - | -€189 | |
| Other amounts receivable | 41 | €1,403 | €3,862 | +€2,459 | +175.4% |
| Cash at bank and in hand | 54/58 | €48,415 | €47,985 | -€430 | -0.9% |
| Total equity and liabilities | 10/49 | €695,364 | €673,877 | -€21,487 | -3.1% |
| Equity | 10/15 | €235,587 | €232,642 | -€2,945 | -1.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €184,304 | €181,359 | -€2,945 | -1.6% |
| Distributable reserves | 133 | €184,304 | €181,359 | -€2,945 | -1.6% |
| Profit (loss) carried forward | 14 | €45,085 | €45,085 | +€0 | 0.0% |
| Amounts payable | 17/49 | €459,777 | €441,235 | -€18,542 | -4.0% |
| Amounts payable after more than one year | 17 | €252,959 | €194,492 | -€58,467 | -23.1% |
| Financial debts | 170/4 | €252,959 | €194,492 | -€58,467 | -23.1% |
| Amounts payable within one year | 42/48 | €206,818 | €241,204 | +€34,386 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €57,654 | €58,467 | +€813 | +1.4% |
| Trade debts | 44 | €5,405 | €6,561 | +€1,156 | +21.4% |
| Suppliers | 440/4 | €5,405 | €6,561 | +€1,156 | +21.4% |
| Taxes, remuneration and social security | 45 | €25,745 | €7,812 | -€17,933 | -69.7% |
| Taxes | 450/3 | €25,745 | €7,812 | -€17,933 | -69.7% |
| Other amounts payable | 47/48 | €118,014 | €168,364 | +€50,350 | +42.7% |
| Accrued charges and deferred income | 492/3 | - | €5,539 | +€5,539 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,252 | €30,463 | -€790 | -2.5% |
| Other operating charges | 640/8 | €3,406 | €3,504 | +€98 | +2.9% |
| Gross operating margin | 9900 | €145,347 | €140,401 | -€4,946 | -3.4% |
| Operating profit (loss) | 9901 | €110,689 | €106,434 | -€4,255 | -3.8% |
| Financial income | 75/76B | €3,360 | €2,128 | -€1,232 | -36.7% |
| Recurring financial income | 75 | €3,360 | €2,128 | -€1,232 | -36.7% |
| Financial charges | 65/66B | €11,971 | €11,038 | -€933 | -7.8% |
| Recurring financial charges | 65 | €11,971 | €11,038 | -€933 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €102,078 | €97,524 | -€4,554 | -4.5% |
| Income taxes | 67/77 | €33,207 | €31,144 | -€2,063 | -6.2% |
| Profit (loss) for the period | 9904 | €68,871 | €66,380 | -€2,491 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,871 | €66,380 | -€2,491 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.