USLU BAT: 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.
USLU BAT
Largest movements
- Receivables within one year +€12,660
up €12,660 (+19.0%), from €66,570 to €79,230
of which Trade receivables: +€19,086
- Cash +€8,368
up €8,368 (+621.0%), from €1,347 to €9,716
mainly Other debts (+€19,577) and Trade debts (+€3,673)
- Tangible fixed assets +€2,111
up €2,111 (+1209.8%), from €175 to €2,286
of which Plant, machinery and equipment: +€2,211
- Other debts +€19,577
up €19,577 (+91.6%), from €21,367 to €40,945
- Trade debts +€3,673
up €3,673 (+24.4%), from €15,029 to €18,703
- Tax, wage and social debts -€1,726
down €1,726 (-24.1%), from €7,162 to €5,436
- Profit (loss) carried forward +€1,615
up €1,615 (+33.1%), from €4,872 to €6,487
- Turnover -€34,253
down €34,253 (-19.3%), from €177,856 to €143,603
- Purchases and services -€23,870
down €23,870 (-14.8%), from €161,825 to €137,955
- Gross operating margin -€10,383
down €10,383 (-64.8%), from €16,031 to €5,648
- Taxes -€3,072
down €3,072 (-73.4%), from €4,186 to €1,113
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 | €68,093 | €91,232 | +€23,139 | +34.0% |
| Fixed assets | 21/28 | €175 | €2,286 | +€2,111 | +1209.8% |
| Tangible fixed assets | 22/27 | €175 | €2,286 | +€2,111 | +1209.8% |
| Plant, machinery and equipment | 23 | - | €2,211 | +€2,211 | |
| Furniture and vehicles | 24 | €175 | €75 | -€100 | -57.3% |
| Current assets | 29/58 | €67,918 | €88,946 | +€21,028 | +31.0% |
| Amounts receivable within one year | 40/41 | €66,570 | €79,230 | +€12,660 | +19.0% |
| Trade receivables | 40 | €56,312 | €75,398 | +€19,086 | +33.9% |
| Other amounts receivable | 41 | €10,259 | €3,832 | -€6,427 | -62.6% |
| Cash at bank and in hand | 54/58 | €1,347 | €9,716 | +€8,368 | +621.0% |
| Total equity and liabilities | 10/49 | €68,093 | €91,232 | +€23,139 | +34.0% |
| Equity | 10/15 | €24,534 | €26,149 | +€1,615 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,061 | €1,061 | = | 0.0% |
| Distributable reserves | 133 | €1,061 | €1,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,872 | €6,487 | +€1,615 | +33.1% |
| Amounts payable | 17/49 | €43,559 | €65,083 | +€21,524 | +49.4% |
| Amounts payable within one year | 42/48 | €43,559 | €65,083 | +€21,524 | +49.4% |
| Trade debts | 44 | €15,029 | €18,703 | +€3,673 | +24.4% |
| Suppliers | 440/4 | €15,029 | €18,703 | +€3,673 | +24.4% |
| Taxes, remuneration and social security | 45 | €7,162 | €5,436 | -€1,726 | -24.1% |
| Taxes | 450/3 | €7,162 | €5,436 | -€1,726 | -24.1% |
| Other amounts payable | 47/48 | €21,367 | €40,945 | +€19,577 | +91.6% |
| Turnover | 70 | €177,856 | €143,603 | -€34,253 | -19.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €161,825 | €137,955 | -€23,870 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €789 | +€492 | +165.6% |
| Other operating charges | 640/8 | €591 | €1,956 | +€1,365 | +230.9% |
| Gross operating margin | 9900 | €16,031 | €5,648 | -€10,383 | -64.8% |
| Operating profit (loss) | 9901 | €15,143 | €2,903 | -€12,240 | -80.8% |
| Financial charges | 65/66B | €188 | €175 | -€13 | -6.9% |
| Recurring financial charges | 65 | €188 | €175 | -€13 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €14,955 | €2,728 | -€12,227 | -81.8% |
| Income taxes | 67/77 | €4,186 | €1,113 | -€3,072 | -73.4% |
| Profit (loss) for the period | 9904 | €10,770 | €1,615 | -€9,154 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,770 | €1,615 | -€9,154 | -85.0% |
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 4 October 2026 via checked.be.