USIMAINTENANCE: 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.
USIMAINTENANCE
Largest movements
- Receivables within one year +€558,236
up €558,236 (+305.9%), from €182,512 to €740,748
of which Other amounts receivable: +€442,450
- Cash -€145,851
down €145,851 (-46.9%), from €311,063 to €165,212
mainly Receivables within one year (-€558,236) and Contributions, distributions and other (-€429,630)
- Stocks and contracts -€137,504
down €137,504 (-73.3%), from €187,699 to €50,195
- Tangible fixed assets -€56,429
down €56,429 (-11.2%), from €503,457 to €447,028
of which Land and buildings: -€28,411
- Other debts +€424,513
up €424,513 (+87178.0%), from €487 to €425,000
- Profit (loss) carried forward -€337,358
down €337,358 (-99.7%), from €338,204 to €846
- Debts after one year +€307,107
up €307,107 (+101.4%), from €302,754 to €609,861
- Trade debts -€48,784
down €48,784 (-48.3%), from €101,099 to €52,315
- Advances received -€40,020
down €40,020 (-100.0%), from €40,020 to €0
- Depreciation -€17,809
down €17,809 (-23.5%), from €75,748 to €57,939
- Gross operating margin -€7,927
down €7,927 (-1.7%), from €479,261 to €471,334
- Financial income -€7,206
down €7,206 (-60.8%), from €11,851 to €4,644
- Staff costs +€7,067
up €7,067 (+2.5%), from €282,259 to €289,326
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 | €1,194,499 | €1,417,670 | +€223,171 | +18.7% |
| Fixed assets | 21/28 | €506,398 | €454,759 | -€51,639 | -10.2% |
| Intangible fixed assets | 21 | €2,830 | €1,320 | -€1,510 | -53.4% |
| Tangible fixed assets | 22/27 | €503,457 | €447,028 | -€56,429 | -11.2% |
| Land and buildings | 22 | €375,076 | €346,665 | -€28,411 | -7.6% |
| Plant, machinery and equipment | 23 | €79,101 | €64,183 | -€14,918 | -18.9% |
| Furniture and vehicles | 24 | €49,280 | €36,180 | -€13,099 | -26.6% |
| Financial fixed assets | 28 | €112 | €6,412 | +€6,300 | +5647.7% |
| Current assets | 29/58 | €688,101 | €962,910 | +€274,810 | +39.9% |
| Stocks and contracts in progress | 3 | €187,699 | €50,195 | -€137,504 | -73.3% |
| Stocks | 30/36 | €187,699 | €50,195 | -€137,504 | -73.3% |
| Amounts receivable within one year | 40/41 | €182,512 | €740,748 | +€558,236 | +305.9% |
| Trade receivables | 40 | €161,596 | €277,382 | +€115,786 | +71.7% |
| Other amounts receivable | 41 | €20,916 | €463,366 | +€442,450 | +2115.4% |
| Cash at bank and in hand | 54/58 | €311,063 | €165,212 | -€145,851 | -46.9% |
| Deferred charges and accrued income | 490/1 | €6,827 | €6,755 | -€72 | -1.1% |
| Total equity and liabilities | 10/49 | €1,194,499 | €1,417,670 | +€223,171 | +18.7% |
| Equity | 10/15 | €580,702 | €222,831 | -€357,872 | -61.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €141,254 | €125,370 | -€15,884 | -11.2% |
| Tax-exempt reserves | 132 | €136,254 | €125,370 | -€10,884 | -8.0% |
| Distributable reserves | 133 | €5,000 | €0 | -€5,000 | -100.0% |
| Profit (loss) carried forward | 14 | €338,204 | €846 | -€337,358 | -99.7% |
| Investment grants | 15 | €51,244 | €46,614 | -€4,630 | -9.0% |
| Provisions and deferred taxes | 16 | €56,043 | €50,438 | -€5,604 | -10.0% |
| Deferred taxes | 168 | €56,043 | €50,438 | -€5,604 | -10.0% |
| Amounts payable | 17/49 | €557,754 | €1,144,401 | +€586,647 | +105.2% |
| Amounts payable after more than one year | 17 | €302,754 | €609,861 | +€307,107 | +101.4% |
| Financial debts | 170/4 | €302,754 | €609,861 | +€307,107 | +101.4% |
| Amounts payable within one year | 42/48 | €245,680 | €533,540 | +€287,860 | +117.2% |
| Current portion of amounts payable after more than one year | 42 | €62,246 | €32,320 | -€29,925 | -48.1% |
| Financial debts | 43 | €16,844 | €9,704 | -€7,140 | -42.4% |
| Credit institutions | 430/8 | €16,844 | €9,704 | -€7,140 | -42.4% |
| Trade debts | 44 | €101,099 | €52,315 | -€48,784 | -48.3% |
| Suppliers | 440/4 | €101,099 | €52,315 | -€48,784 | -48.3% |
| Advances received on contracts in progress | 46 | €40,020 | €0 | -€40,020 | -100.0% |
| Taxes, remuneration and social security | 45 | €24,984 | €14,200 | -€10,783 | -43.2% |
| Taxes | 450/3 | €0 | €1,189 | +€1,189 | |
| Remuneration and social security | 454/9 | €24,984 | €13,012 | -€11,972 | -47.9% |
| Other amounts payable | 47/48 | €487 | €425,000 | +€424,513 | +87178.0% |
| Accrued charges and deferred income | 492/3 | €9,320 | €1,000 | -€8,320 | -89.3% |
| Non-recurring operating income | 76A | €1,282 | €0 | -€1,282 | -100.0% |
| Remuneration, social security and pensions | 62 | €282,259 | €289,326 | +€7,067 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,748 | €57,939 | -€17,809 | -23.5% |
| Other operating charges | 640/8 | €12,172 | €11,428 | -€743 | -6.1% |
| Non-recurring operating charges | 66A | €7,478 | €0 | -€7,478 | -100.0% |
| Gross operating margin | 9900 | €479,261 | €471,334 | -€7,927 | -1.7% |
| Operating profit (loss) | 9901 | €101,604 | €112,641 | +€11,037 | +10.9% |
| Financial income | 75/76B | €11,851 | €4,644 | -€7,206 | -60.8% |
| Recurring financial income | 75 | €11,851 | €4,644 | -€7,206 | -60.8% |
| Financial charges | 65/66B | €18,806 | €22,172 | +€3,366 | +17.9% |
| Recurring financial charges | 65 | €18,806 | €22,172 | +€3,366 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €94,649 | €95,113 | +€464 | +0.5% |
| Transfer from deferred taxes | 780 | €5,604 | €5,604 | = | 0.0% |
| Income taxes | 67/77 | €27,625 | €28,959 | +€1,334 | +4.8% |
| Profit (loss) for the period | 9904 | €72,628 | €71,758 | -€870 | -1.2% |
| Transfer from tax-exempt reserves | 789 | €10,884 | €10,884 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,512 | €82,642 | -€870 | -1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.