UNITED SPIRITS: 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.
UNITED SPIRITS
Largest movements
- Receivables within one year -€32,029
down €32,029 (-72.2%), from €44,341 to €12,312
of which Trade receivables: -€28,924
- Tangible fixed assets -€12,766
down €12,766 (-51.8%), from €24,644 to €11,877
of which Furniture and vehicles: -€11,566
- Cash +€6,047
up €6,047 (+75.0%), from €8,066 to €14,113
mainly Receivables within one year (+€32,029) and Investment in fixed assets (net) (+€8,779)
- Accrued charges and deferred income -€39,503
down €39,503 (-100%), from €39,503 to €0
- Trade debts +€3,565
up €3,565 (+25.5%), from €13,957 to €17,522
- Tax, wage and social debts -€1,833
down €1,833 (-31.3%), from €5,863 to €4,030
of which Remuneration and social security: -€1,167
- Profit (loss) carried forward -€1,693
down €1,693 (-20.0%), from -€8,471 to -€10,164
- Other debts +€1,266
new in 2025: €1,266
- Gross operating margin +€18,428
up €18,428 (+23.9%), from €77,093 to €95,521
- Staff costs +€15,598
up €15,598 (+33.3%), from €46,873 to €62,471
- Other operating charges +€8,172
up €8,172 (+399%), from €2,050 to €10,222
- Financial charges +€2,464
up €2,464, from -€1,347 to €1,117
- Depreciation -€1,025
down €1,025 (-20.5%), from €5,012 to €3,987
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 | €77,051 | €38,302 | -€38,748 | -50.3% |
| Fixed assets | 21/28 | €24,644 | €11,877 | -€12,766 | -51.8% |
| Tangible fixed assets | 22/27 | €24,644 | €11,877 | -€12,766 | -51.8% |
| Plant, machinery and equipment | 23 | €2,118 | €918 | -€1,200 | -56.7% |
| Furniture and vehicles | 24 | €22,526 | €10,959 | -€11,566 | -51.3% |
| Current assets | 29/58 | €52,407 | €26,425 | -€25,982 | -49.6% |
| Amounts receivable within one year | 40/41 | €44,341 | €12,312 | -€32,029 | -72.2% |
| Trade receivables | 40 | €35,188 | €6,264 | -€28,924 | -82.2% |
| Other amounts receivable | 41 | €9,153 | €6,048 | -€3,105 | -33.9% |
| Cash at bank and in hand | 54/58 | €8,066 | €14,113 | +€6,047 | +75.0% |
| Total equity and liabilities | 10/49 | €77,051 | €38,302 | -€38,748 | -50.3% |
| Equity | 10/15 | €17,178 | €15,485 | -€1,693 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,049 | €7,049 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €7,049 | €5,189 | -€1,860 | -26.4% |
| Profit (loss) carried forward | 14 | -€8,471 | -€10,164 | -€1,693 | -20.0% |
| Amounts payable | 17/49 | €59,873 | €22,817 | -€37,055 | -61.9% |
| Amounts payable within one year | 42/48 | €20,370 | €22,817 | +€2,447 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €498 | €0 | -€498 | -100% |
| Trade debts | 44 | €13,957 | €17,522 | +€3,565 | +25.5% |
| Suppliers | 440/4 | €13,957 | €17,522 | +€3,565 | +25.5% |
| Advances received on contracts in progress | 46 | €53 | €0 | -€53 | -100% |
| Taxes, remuneration and social security | 45 | €5,863 | €4,030 | -€1,833 | -31.3% |
| Taxes | 450/3 | €1,246 | €580 | -€666 | -53.4% |
| Remuneration and social security | 454/9 | €4,617 | €3,450 | -€1,167 | -25.3% |
| Other amounts payable | 47/48 | - | €1,266 | +€1,266 | |
| Accrued charges and deferred income | 492/3 | €39,503 | €0 | -€39,503 | -100% |
| Remuneration, social security and pensions | 62 | €46,873 | €62,471 | +€15,598 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,012 | €3,987 | -€1,025 | -20.5% |
| Other operating charges | 640/8 | €2,050 | €10,222 | +€8,172 | +399% |
| Non-recurring operating charges | 66A | €10,078 | €18,852 | +€8,774 | +87.1% |
| Gross operating margin | 9900 | €77,093 | €95,521 | +€18,428 | +23.9% |
| Operating profit (loss) | 9901 | €13,079 | -€11 | -€13,090 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | -€1,347 | €1,117 | +€2,464 | |
| Recurring financial charges | 65 | -€1,347 | €1,117 | +€2,464 | |
| Profit (loss) for the period before taxes | 9903 | €14,426 | -€1,113 | -€15,539 | |
| Income taxes | 67/77 | €278 | €580 | +€302 | +109% |
| Profit (loss) for the period | 9904 | €14,148 | -€1,693 | -€15,841 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,148 | -€1,693 | -€15,841 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.