UNITING BRANDS: what changed
UNITING BRANDS
Largest movements
- Tangible fixed assets -€2,913
down €2,913 (-6.1%), from €47,861 to €44,948
of which Land and buildings: -€2,200
- Cash -€1,840
down €1,840 (-91.8%), from €2,004 to €164
mainly Tax, wage and social debts (-€25,871) and Trade debts (-€20,006)
- Other debts +€46,373
up €46,373 (+41.1%), from €112,899 to €159,272
- Tax, wage and social debts -€25,871
down €25,871 (-68.6%), from €37,700 to €11,829
of which Remuneration and social security: -€18,381
- Trade debts -€20,006
no longer reported in 2025 (was €20,006)
- Short-term financial debts +€10,000
new in 2025: €10,000
- Profit (loss) carried forward -€9,210
down €9,210 (-6.2%), from -€148,279 to -€157,490
- Staff costs -€126,598
down €126,598 (-67.3%), from €188,176 to €61,578
- Gross operating margin -€69,803
down €69,803 (-55.3%), from €126,264 to €56,460
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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,724 | €45,855 | -€4,870 | -9.6% |
| Fixed assets | 21/28 | €47,861 | €44,948 | -€2,913 | -6.1% |
| Tangible fixed assets | 22/27 | €47,861 | €44,948 | -€2,913 | -6.1% |
| Land and buildings | 22 | €46,004 | €43,804 | -€2,200 | -4.8% |
| Plant, machinery and equipment | 23 | €1,252 | €985 | -€267 | -21.3% |
| Furniture and vehicles | 24 | €604 | €158 | -€446 | -73.8% |
| Current assets | 29/58 | €2,863 | €907 | -€1,957 | -68.3% |
| Amounts receivable after more than one year | 29 | - | €215 | +€215 | |
| Other amounts receivable | 291 | - | €215 | +€215 | |
| Amounts receivable within one year | 40/41 | €28 | €202 | +€174 | +629% |
| Trade receivables | 40 | - | €202 | +€202 | |
| Other amounts receivable | 41 | €28 | - | -€28 | |
| Cash at bank and in hand | 54/58 | €2,004 | €164 | -€1,840 | -91.8% |
| Deferred charges and accrued income | 490/1 | €832 | €325 | -€506 | -60.9% |
| Total equity and liabilities | 10/49 | €50,724 | €45,855 | -€4,870 | -9.6% |
| Equity | 10/15 | -€129,679 | -€138,890 | -€9,210 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,279 | -€157,490 | -€9,210 | -6.2% |
| Amounts payable | 17/49 | €180,403 | €184,744 | +€4,341 | +2.4% |
| Amounts payable after more than one year | 17 | €3,643 | - | -€3,643 | |
| Financial debts | 170/4 | €3,643 | - | -€3,643 | |
| Amounts payable within one year | 42/48 | €176,761 | €184,744 | +€7,984 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €6,156 | €3,643 | -€2,513 | -40.8% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €20,006 | - | -€20,006 | |
| Suppliers | 440/4 | €20,006 | - | -€20,006 | |
| Taxes, remuneration and social security | 45 | €37,700 | €11,829 | -€25,871 | -68.6% |
| Taxes | 450/3 | €9,350 | €1,860 | -€7,490 | -80.1% |
| Remuneration and social security | 454/9 | €28,350 | €9,969 | -€18,381 | -64.8% |
| Other amounts payable | 47/48 | €112,899 | €159,272 | +€46,373 | +41.1% |
| Remuneration, social security and pensions | 62 | €188,176 | €61,578 | -€126,598 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,913 | €2,913 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €328 | +€210 | +178% |
| Gross operating margin | 9900 | €126,264 | €56,460 | -€69,803 | -55.3% |
| Operating profit (loss) | 9901 | -€64,943 | -€8,358 | +€56,585 | +87.1% |
| Financial charges | 65/66B | €722 | €852 | +€130 | +18.0% |
| Recurring financial charges | 65 | €722 | €852 | +€130 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€65,665 | -€9,210 | +€56,455 | +86.0% |
| Profit (loss) for the period | 9904 | -€65,665 | -€9,210 | +€56,455 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,665 | -€9,210 | +€56,455 | +86.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.