USIMCO: 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.
USIMCO
Largest movements
- Cash +€7,537
up €7,537 (+7.2%), from €104,536 to €112,073
mainly Depreciation (+€6,952) and Net result for the year (+€2,750)
- Tangible fixed assets -€6,952
down €6,952 (-6.2%), from €112,667 to €105,715
of which Land and buildings: -€4,745
- Receivables within one year +€3,526
up €3,526 (+56.3%), from €6,265 to €9,791
of which Trade receivables: +€3,526
- Profit (loss) carried forward +€2,750
up €2,750 (+4.2%), from -€66,051 to -€63,301
- Trade debts +€2,556
up €2,556 (+47.9%), from €5,337 to €7,893
- Gross operating margin -€17,564
down €17,564 (-59.8%), from €29,349 to €11,785
- Financial charges -€5,789
down €5,789 (-83.3%), from €6,946 to €1,157
- Taxes -€2,369
down €2,369 (-63.6%), from €3,723 to €1,354
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 | €223,468 | €227,579 | +€4,111 | +1.8% |
| Fixed assets | 21/28 | €112,667 | €105,715 | -€6,952 | -6.2% |
| Tangible fixed assets | 22/27 | €112,667 | €105,715 | -€6,952 | -6.2% |
| Land and buildings | 22 | €106,046 | €101,301 | -€4,745 | -4.5% |
| Furniture and vehicles | 24 | €6,621 | €4,414 | -€2,207 | -33.3% |
| Current assets | 29/58 | €110,801 | €121,864 | +€11,063 | +10.0% |
| Amounts receivable within one year | 40/41 | €6,265 | €9,791 | +€3,526 | +56.3% |
| Trade receivables | 40 | €6,215 | €9,741 | +€3,526 | +56.7% |
| Other amounts receivable | 41 | €50 | €50 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,536 | €112,073 | +€7,537 | +7.2% |
| Total equity and liabilities | 10/49 | €223,468 | €227,579 | +€4,111 | +1.8% |
| Equity | 10/15 | -€4,051 | -€1,301 | +€2,750 | +67.9% |
| 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 | -€66,051 | -€63,301 | +€2,750 | +4.2% |
| Amounts payable | 17/49 | €227,519 | €228,880 | +€1,361 | +0.6% |
| Amounts payable after more than one year | 17 | €62,000 | €62,000 | = | 0.0% |
| Financial debts | 170/4 | €62,000 | €62,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,519 | €166,880 | +€1,361 | +0.8% |
| Trade debts | 44 | €5,337 | €7,893 | +€2,556 | +47.9% |
| Suppliers | 440/4 | €5,337 | €7,893 | +€2,556 | +47.9% |
| Taxes, remuneration and social security | 45 | €5,138 | €5,661 | +€523 | +10.2% |
| Taxes | 450/3 | €5,138 | €1,519 | -€3,619 | -70.4% |
| Remuneration and social security | 454/9 | - | €4,142 | +€4,142 | |
| Other amounts payable | 47/48 | €155,044 | €153,326 | -€1,718 | -1.1% |
| Non-recurring operating income | 76A | €263 | €3,398 | +€3,135 | +1192.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,952 | €6,952 | = | 0.0% |
| Other operating charges | 640/8 | €392 | €400 | +€8 | +2.0% |
| Gross operating margin | 9900 | €29,349 | €11,785 | -€17,564 | -59.8% |
| Operating profit (loss) | 9901 | €22,005 | €4,433 | -€17,572 | -79.9% |
| Financial income | 75/76B | €648 | €828 | +€180 | +27.8% |
| Recurring financial income | 75 | €648 | €828 | +€180 | +27.8% |
| Financial charges | 65/66B | €6,946 | €1,157 | -€5,789 | -83.3% |
| Recurring financial charges | 65 | €6,946 | €1,157 | -€5,789 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €15,707 | €4,104 | -€11,603 | -73.9% |
| Income taxes | 67/77 | €3,723 | €1,354 | -€2,369 | -63.6% |
| Profit (loss) for the period | 9904 | €11,984 | €2,750 | -€9,234 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,984 | €2,750 | -€9,234 | -77.1% |
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 4 October 2026 via checked.be.