USC: 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.
USC
Largest movements
- Receivables within one year -€16,147
down €16,147 (-48.1%), from €33,575 to €17,428
- Tangible fixed assets -€12,256
down €12,256 (-5.1%), from €238,240 to €225,984
of which Land and buildings: -€11,565
- Receivables after one year -€8,403
down €8,403 (-2.7%), from €308,482 to €300,079
- Debts after one year -€45,969
down €45,969 (-4.7%), from €981,999 to €936,030
- Profit (loss) carried forward +€36,949
up €36,949 (+6.8%), from -€543,796 to -€506,847
- Other debts -€19,903
down €19,903 (-23.6%), from €84,289 to €64,386
- Gross operating margin +€35,416
up €35,416 (+149.8%), from €23,638 to €59,054
- Financial charges -€2,479
down €2,479 (-13.2%), from €18,831 to €16,352
- Financial income -€1,118
down €1,118 (-14.5%), from €7,715 to €6,597
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 | €594,954 | €562,690 | -€32,264 | -5.4% |
| Fixed assets | 21/28 | €238,240 | €225,984 | -€12,256 | -5.1% |
| Tangible fixed assets | 22/27 | €238,240 | €225,984 | -€12,256 | -5.1% |
| Land and buildings | 22 | €235,762 | €224,197 | -€11,565 | -4.9% |
| Plant, machinery and equipment | 23 | €989 | €676 | -€313 | -31.6% |
| Furniture and vehicles | 24 | €1,489 | €1,111 | -€378 | -25.4% |
| Current assets | 29/58 | €356,714 | €336,706 | -€20,008 | -5.6% |
| Amounts receivable after more than one year | 29 | €308,482 | €300,079 | -€8,403 | -2.7% |
| Other amounts receivable | 291 | €308,482 | €300,079 | -€8,403 | -2.7% |
| Stocks and contracts in progress | 3 | €11,906 | €11,906 | = | 0.0% |
| Stocks | 30/36 | €11,906 | €11,906 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,575 | €17,428 | -€16,147 | -48.1% |
| Trade receivables | 40 | €33,575 | €17,428 | -€16,147 | -48.1% |
| Cash at bank and in hand | 54/58 | €2,430 | €6,391 | +€3,961 | +163.0% |
| Deferred charges and accrued income | 490/1 | €321 | €902 | +€581 | +181.0% |
| Total equity and liabilities | 10/49 | €594,954 | €562,690 | -€32,264 | -5.4% |
| Equity | 10/15 | -€523,796 | -€486,847 | +€36,949 | +7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€543,796 | -€506,847 | +€36,949 | +6.8% |
| Amounts payable | 17/49 | €1,118,750 | €1,049,537 | -€69,213 | -6.2% |
| Amounts payable after more than one year | 17 | €981,999 | €936,030 | -€45,969 | -4.7% |
| Financial debts | 170/4 | €981,999 | €936,030 | -€45,969 | -4.7% |
| Amounts payable within one year | 42/48 | €132,866 | €113,507 | -€19,359 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €43,711 | €45,970 | +€2,259 | +5.2% |
| Trade debts | 44 | €2,339 | €227 | -€2,112 | -90.3% |
| Suppliers | 440/4 | €2,339 | €227 | -€2,112 | -90.3% |
| Taxes, remuneration and social security | 45 | €2,527 | €2,924 | +€397 | +15.7% |
| Taxes | 450/3 | €2,527 | €2,924 | +€397 | +15.7% |
| Other amounts payable | 47/48 | €84,289 | €64,386 | -€19,903 | -23.6% |
| Accrued charges and deferred income | 492/3 | €3,885 | - | -€3,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,256 | €12,256 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €65 | +€1 | +1.6% |
| Gross operating margin | 9900 | €23,638 | €59,054 | +€35,416 | +149.8% |
| Operating profit (loss) | 9901 | €11,318 | €46,733 | +€35,415 | +312.9% |
| Financial income | 75/76B | €7,715 | €6,597 | -€1,118 | -14.5% |
| Recurring financial income | 75 | €7,715 | €6,597 | -€1,118 | -14.5% |
| Financial charges | 65/66B | €18,831 | €16,352 | -€2,479 | -13.2% |
| Recurring financial charges | 65 | €18,831 | €16,352 | -€2,479 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €202 | €36,978 | +€36,776 | +18205.9% |
| Income taxes | 67/77 | - | €29 | +€29 | |
| Profit (loss) for the period | 9904 | €202 | €36,949 | +€36,747 | +18191.6% |
| Profit (loss) for the period to be appropriated | 9905 | €202 | €36,949 | +€36,747 | +18191.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.