USCIAPA: 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.
USCIAPA
Largest movements
- Tangible fixed assets +€7,798
up €7,798 (+9.6%), from €81,471 to €89,269
of which Land and buildings: +€6,876
- Other debts +€16,065
up €16,065 (+3.0%), from €533,638 to €549,704
- Profit (loss) carried forward -€8,003
down €8,003 (-1.6%), from -€513,324 to -€521,326
- Depreciation -€26,973
no longer reported in 2025 (was €26,973)
- Gross operating margin -€14,604
down €14,604, from €7,118 to -€7,486
- Other operating charges -€1,840
down €1,840 (-80.6%), from €2,283 to €443
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 | €95,163 | €103,226 | +€8,063 | +8.5% |
| Fixed assets | 21/28 | €81,471 | €89,269 | +€7,798 | +9.6% |
| Tangible fixed assets | 22/27 | €81,471 | €89,269 | +€7,798 | +9.6% |
| Land and buildings | 22 | €71,456 | €78,332 | +€6,876 | +9.6% |
| Plant, machinery and equipment | 23 | €1,672 | €1,672 | = | 0.0% |
| Furniture and vehicles | 24 | €8,343 | €9,265 | +€922 | +11.0% |
| Current assets | 29/58 | €13,692 | €13,957 | +€265 | +1.9% |
| Amounts receivable within one year | 40/41 | €13,680 | €13,885 | +€205 | +1.5% |
| Trade receivables | 40 | €12,461 | €12,666 | +€205 | +1.6% |
| Other amounts receivable | 41 | €1,220 | €1,220 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12 | €71 | +€60 | +510% |
| Total equity and liabilities | 10/49 | €95,163 | €103,226 | +€8,063 | +8.5% |
| Equity | 10/15 | -€451,324 | -€459,326 | -€8,003 | -1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€513,324 | -€521,326 | -€8,003 | -1.6% |
| Amounts payable | 17/49 | €546,487 | €562,552 | +€16,065 | +2.9% |
| Amounts payable within one year | 42/48 | €546,487 | €562,552 | +€16,065 | +2.9% |
| Trade debts | 44 | €12,848 | €12,848 | = | 0.0% |
| Suppliers | 440/4 | €12,848 | €12,848 | = | 0.0% |
| Other amounts payable | 47/48 | €533,638 | €549,704 | +€16,065 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,973 | - | -€26,973 | |
| Other operating charges | 640/8 | €2,283 | €443 | -€1,840 | -80.6% |
| Gross operating margin | 9900 | €7,118 | -€7,486 | -€14,604 | |
| Operating profit (loss) | 9901 | -€22,139 | -€7,930 | +€14,209 | +64.2% |
| Financial charges | 65/66B | €66 | €73 | +€8 | +11.5% |
| Recurring financial charges | 65 | €66 | €73 | +€8 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,204 | -€8,003 | +€14,201 | +64.0% |
| Profit (loss) for the period | 9904 | -€22,204 | -€8,003 | +€14,201 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,204 | -€8,003 | +€14,201 | +64.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.