USOCO PROPERTIES: 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.
USOCO PROPERTIES
Largest movements
- Cash +€89,341
up €89,341 (+44.2%), from €202,259 to €291,599
mainly Debts after one year (+€519,052) and Net result for the year (+€30,945)
- Tangible fixed assets -€25,917
down €25,917 (-4.7%), from €545,696 to €519,779
- Debts after one year +€519,052
new in 2025: €519,052
- Short-term financial debts -€471,421
down €471,421 (-89.6%), from €525,999 to €54,577
- Reserves +€30,945
up €30,945 (+18.0%), from €171,540 to €202,485
of which Distributable reserves: +€30,945
- Trade debts -€20,644
down €20,644 (-88.4%), from €23,363 to €2,718
- Gross operating margin +€7,875
up €7,875 (+11.3%), from €69,996 to €77,871
- Financial charges -€6,091
down €6,091 (-33.8%), from €18,014 to €11,922
- Taxes -€5,615
down €5,615 (-88.8%), from €6,325 to €710
- Depreciation +€1,990
up €1,990 (+8.3%), from €23,927 to €25,917
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 | €757,311 | €814,199 | +€56,888 | +7.5% |
| Fixed assets | 21/28 | €545,696 | €519,779 | -€25,917 | -4.7% |
| Tangible fixed assets | 22/27 | €545,696 | €519,779 | -€25,917 | -4.7% |
| Land and buildings | 22 | €545,696 | €519,779 | -€25,917 | -4.7% |
| Current assets | 29/58 | €211,615 | €294,420 | +€82,805 | +39.1% |
| Amounts receivable within one year | 40/41 | €9,070 | €2,530 | -€6,540 | -72.1% |
| Other amounts receivable | 41 | €9,070 | €2,530 | -€6,540 | -72.1% |
| Cash at bank and in hand | 54/58 | €202,259 | €291,599 | +€89,341 | +44.2% |
| Deferred charges and accrued income | 490/1 | €286 | €291 | +€5 | +1.6% |
| Total equity and liabilities | 10/49 | €757,311 | €814,199 | +€56,888 | +7.5% |
| Equity | 10/15 | €190,090 | €221,035 | +€30,945 | +16.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Outside capital | 11 | €18,550 | - | -€18,550 | |
| Other | 1109/19 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €171,540 | €202,485 | +€30,945 | +18.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €171,540 | €202,485 | +€30,945 | +18.0% |
| Amounts payable | 17/49 | €567,221 | €593,165 | +€25,943 | +4.6% |
| Amounts payable after more than one year | 17 | - | €519,052 | +€519,052 | |
| Other amounts payable | 178/9 | - | €519,052 | +€519,052 | |
| Amounts payable within one year | 42/48 | €549,361 | €58,304 | -€491,057 | -89.4% |
| Financial debts | 43 | €525,999 | €54,577 | -€471,421 | -89.6% |
| Other loans | 439 | €525,999 | €54,577 | -€471,421 | -89.6% |
| Trade debts | 44 | €23,363 | €2,718 | -€20,644 | -88.4% |
| Suppliers | 440/4 | €23,363 | €2,718 | -€20,644 | -88.4% |
| Taxes, remuneration and social security | 45 | - | €1,008 | +€1,008 | |
| Taxes | 450/3 | - | €1,008 | +€1,008 | |
| Accrued charges and deferred income | 492/3 | €17,860 | €15,809 | -€2,051 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,927 | €25,917 | +€1,990 | +8.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €8,177 | €8,425 | +€248 | +3.0% |
| Gross operating margin | 9900 | €69,996 | €77,871 | +€7,875 | +11.3% |
| Operating profit (loss) | 9901 | €37,892 | €43,528 | +€5,637 | +14.9% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €18,014 | €11,922 | -€6,091 | -33.8% |
| Recurring financial charges | 65 | €18,014 | €11,922 | -€6,091 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €19,878 | €31,654 | +€11,776 | +59.2% |
| Income taxes | 67/77 | €6,325 | €710 | -€5,615 | -88.8% |
| Profit (loss) for the period | 9904 | €13,553 | €30,945 | +€17,391 | +128.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,553 | €30,945 | +€17,391 | +128.3% |
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 6 October 2026 via checked.be.