USD S.A: what changed
USD S.A
Largest movements
- Cash -€765
down €765 (-60.4%), from €1,267 to €502
mainly Net result for the year (-€1,090) and Tax, wage and social debts (-€178)
- Stocks and contracts -€245
down €245 (-2.0%), from €12,380 to €12,135
- Profit (loss) carried forward -€1,090
down €1,090 (-1.0%), from -€114,239 to -€115,329
- Other debts +€300
up €300 (+0.3%), from €96,708 to €97,008
- Tax, wage and social debts -€178
down €178 (-100%), from €178 to €0
- Gross operating margin -€1,159
down €1,159, from €711 to -€447
- Financial charges -€33
down €33 (-16.3%), from €201 to €168
- Other operating charges +€12
up €12 (+2.7%), from €462 to €475
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 | €13,647 | €12,679 | -€968 | -7.1% |
| Current assets | 29/58 | €13,647 | €12,679 | -€968 | -7.1% |
| Stocks and contracts in progress | 3 | €12,380 | €12,135 | -€245 | -2.0% |
| Stocks | 30/36 | €12,380 | €12,135 | -€245 | -2.0% |
| Amounts receivable within one year | 40/41 | - | €42 | +€42 | |
| Other amounts receivable | 41 | - | €42 | +€42 | |
| Cash at bank and in hand | 54/58 | €1,267 | €502 | -€765 | -60.4% |
| Total equity and liabilities | 10/49 | €13,647 | €12,679 | -€968 | -7.1% |
| Equity | 10/15 | -€83,239 | -€84,329 | -€1,090 | -1.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | €31,000 | = | 0.0% |
| Issued capital | 100 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,239 | -€115,329 | -€1,090 | -1.0% |
| Amounts payable | 17/49 | €96,887 | €97,008 | +€122 | +0.1% |
| Amounts payable within one year | 42/48 | €96,887 | €97,008 | +€122 | +0.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €178 | €0 | -€178 | -100% |
| Taxes | 450/3 | €178 | €0 | -€178 | -100% |
| Other amounts payable | 47/48 | €96,708 | €97,008 | +€300 | +0.3% |
| Other operating charges | 640/8 | €462 | €475 | +€12 | +2.7% |
| Gross operating margin | 9900 | €711 | -€447 | -€1,159 | |
| Operating profit (loss) | 9901 | €249 | -€922 | -€1,171 | |
| Financial charges | 65/66B | €201 | €168 | -€33 | -16.3% |
| Recurring financial charges | 65 | €201 | €168 | -€33 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €48 | -€1,090 | -€1,138 | |
| Profit (loss) for the period | 9904 | €48 | -€1,090 | -€1,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €48 | -€1,090 | -€1,138 |
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 1 November 2026 via checked.be.