USHI: 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.
USHI
Largest movements
- Tangible fixed assets -€14,024
down €14,024 (-97.1%), from €14,438 to €414
of which Furniture and vehicles: -€14,224
- Cash +€6,531
up €6,531 (+187.0%), from €3,492 to €10,023
mainly Debts after one year (+€70,997) and Net result for the year (+€34,931)
- Receivables within one year +€314
up €314 (+666.1%), from €47 to €362
of which Trade receivables: +€262
- Trade debts -€75,055
down €75,055 (-90.5%), from €82,926 to €7,871
- Debts after one year +€70,997
new in 2025: €70,997
- Other debts -€44,018
down €44,018 (-87.0%), from €50,593 to €6,575
- Profit (loss) carried forward +€34,931
up €34,931 (+22.9%), from -€152,601 to -€117,670
- Current portion of long-term debt -€12,648
down €12,648 (-41.3%), from €30,648 to €18,000
- Depreciation -€27,202
down €27,202 (-99.6%), from €27,299 to €97
- Staff costs +€13,750
up €13,750 (+28.2%), from €48,760 to €62,510
- Gross operating margin +€9,245
up €9,245 (+10.4%), from €88,933 to €98,178
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 | €30,395 | €22,706 | -€7,689 | -25.3% |
| Fixed assets | 21/28 | €19,538 | €5,514 | -€14,024 | -71.8% |
| Tangible fixed assets | 22/27 | €14,438 | €414 | -€14,024 | -97.1% |
| Plant, machinery and equipment | 23 | €214 | €414 | +€200 | +93.4% |
| Furniture and vehicles | 24 | €14,224 | €0 | -€14,224 | -100.0% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €10,857 | €17,191 | +€6,335 | +58.3% |
| Stocks and contracts in progress | 3 | €4,664 | €4,400 | -€264 | -5.7% |
| Stocks | 30/36 | €4,664 | €4,400 | -€264 | -5.7% |
| Amounts receivable within one year | 40/41 | €47 | €362 | +€314 | +666.1% |
| Trade receivables | 40 | €47 | €310 | +€262 | +555.9% |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Cash at bank and in hand | 54/58 | €3,492 | €10,023 | +€6,531 | +187.0% |
| Deferred charges and accrued income | 490/1 | €2,654 | €2,407 | -€247 | -9.3% |
| Total equity and liabilities | 10/49 | €30,395 | €22,706 | -€7,689 | -25.3% |
| Equity | 10/15 | -€146,401 | -€99,070 | +€47,331 | +32.3% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Profit (loss) carried forward | 14 | -€152,601 | -€117,670 | +€34,931 | +22.9% |
| Amounts payable | 17/49 | €176,796 | €121,776 | -€55,020 | -31.1% |
| Amounts payable after more than one year | 17 | - | €70,997 | +€70,997 | |
| Financial debts | 170/4 | - | €70,997 | +€70,997 | |
| Amounts payable within one year | 42/48 | €175,840 | €49,815 | -€126,025 | -71.7% |
| Current portion of amounts payable after more than one year | 42 | €30,648 | €18,000 | -€12,648 | -41.3% |
| Trade debts | 44 | €82,926 | €7,871 | -€75,055 | -90.5% |
| Suppliers | 440/4 | €82,926 | €7,871 | -€75,055 | -90.5% |
| Taxes, remuneration and social security | 45 | €11,672 | €17,369 | +€5,696 | +48.8% |
| Taxes | 450/3 | €7,047 | €13,928 | +€6,881 | +97.7% |
| Remuneration and social security | 454/9 | €4,625 | €3,440 | -€1,185 | -25.6% |
| Other amounts payable | 47/48 | €50,593 | €6,575 | -€44,018 | -87.0% |
| Accrued charges and deferred income | 492/3 | €955 | €963 | +€8 | +0.8% |
| Remuneration, social security and pensions | 62 | €48,760 | €62,510 | +€13,750 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,299 | €97 | -€27,202 | -99.6% |
| Other operating charges | 640/8 | €496 | €509 | +€13 | +2.5% |
| Gross operating margin | 9900 | €88,933 | €98,178 | +€9,245 | +10.4% |
| Operating profit (loss) | 9901 | €12,378 | €35,063 | +€22,685 | +183.3% |
| Financial income | 75/76B | €24 | €908 | +€883 | +3667.2% |
| Recurring financial income | 75 | €24 | €908 | +€883 | +3667.2% |
| Financial charges | 65/66B | €1,119 | €791 | -€328 | -29.3% |
| Recurring financial charges | 65 | €1,119 | €791 | -€328 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €11,283 | €35,179 | +€23,896 | +211.8% |
| Income taxes | 67/77 | €283 | €248 | -€35 | -12.5% |
| Profit (loss) for the period | 9904 | €10,999 | €34,931 | +€23,932 | +217.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,999 | €34,931 | +€23,932 | +217.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.