USURA: what changed
Two financial 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.
USURA
Largest movements
- Receivables within one year +€73,749
up €73,749 (+61.2%), from €120,536 to €194,285
of which Trade receivables: +€74,487
- Tangible fixed assets -€50,560
down €50,560 (-8.2%), from €618,362 to €567,802
of which Land and buildings: -€40,059
- Cash +€18,198
up €18,198 (+236%), from €7,709 to €25,907
- Debts after one year -€48,388
down €48,388 (-12.0%), from €402,701 to €354,313
- Accrued charges and deferred income +€31,829
up €31,829 (+56.5%), from €56,376 to €88,205
- Other debts +€26,194
up €26,194 (+22.3%), from €117,527 to €143,721
- Tax, wage and social debts +€13,650
up €13,650 (+73.9%), from €18,477 to €32,127
of which Remuneration and social security: +€13,650
- Trade debts +€11,142
up €11,142 (+29.4%), from €37,923 to €49,065
- Purchases and services +€38,948
up €38,948 (+22.7%), from €171,398 to €210,346
- Staff costs -€15,114
down €15,114 (-14.7%), from €103,140 to €88,026
- Other operating charges +€7,313
up €7,313 (+165%), from €4,436 to €11,749
- Depreciation -€4,321
down €4,321 (-14.8%), from €29,292 to €24,971
- Turnover -€2,876
down €2,876 (-1.1%), from €261,856 to €258,980
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €757,342 | €791,560 | +€34,218 | +4.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €618,362 | €567,802 | -€50,560 | -8.2% |
| Tangible fixed assets | 22/27 | €618,362 | €567,802 | -€50,560 | -8.2% |
| Land and buildings | 22 | €605,271 | €565,212 | -€40,059 | -6.6% |
| Plant, machinery and equipment | 23 | €4,111 | €1,263 | -€2,848 | -69.3% |
| Furniture and vehicles | 24 | €8,979 | €1,327 | -€7,652 | -85.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €138,980 | €223,758 | +€84,778 | +61.0% |
| Amounts receivable within one year | 40/41 | €120,536 | €194,285 | +€73,749 | +61.2% |
| Trade receivables | 40 | €111,605 | €186,092 | +€74,487 | +66.7% |
| Other amounts receivable | 41 | €8,931 | €8,193 | -€738 | -8.3% |
| Cash at bank and in hand | 54/58 | €7,709 | €25,907 | +€18,198 | +236% |
| Deferred charges and accrued income | 490/1 | €10,735 | €3,566 | -€7,169 | -66.8% |
| Total equity and liabilities | 10/49 | €757,342 | €791,560 | +€34,218 | +4.5% |
| Equity | 10/15 | €98,508 | €99,813 | +€1,305 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,057 | €79,362 | +€1,305 | +1.7% |
| Amounts payable | 17/49 | €658,834 | €691,747 | +€32,913 | +5.0% |
| Amounts payable after more than one year | 17 | €402,701 | €354,313 | -€48,388 | -12.0% |
| Financial debts | 170/4 | €402,701 | €354,313 | -€48,388 | -12.0% |
| Amounts payable within one year | 42/48 | €199,757 | €249,230 | +€49,473 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €25,830 | €24,317 | -€1,513 | -5.9% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €37,923 | €49,065 | +€11,142 | +29.4% |
| Suppliers | 440/4 | €37,923 | €49,065 | +€11,142 | +29.4% |
| Taxes, remuneration and social security | 45 | €18,477 | €32,127 | +€13,650 | +73.9% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €18,477 | €32,127 | +€13,650 | +73.9% |
| Other amounts payable | 47/48 | €117,527 | €143,721 | +€26,194 | +22.3% |
| Accrued charges and deferred income | 492/3 | €56,376 | €88,205 | +€31,829 | +56.5% |
| Turnover | 70 | €261,856 | €258,980 | -€2,876 | -1.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €171,398 | €210,346 | +€38,948 | +22.7% |
| Remuneration, social security and pensions | 62 | €103,140 | €88,026 | -€15,114 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,292 | €24,971 | -€4,321 | -14.8% |
| Other operating charges | 640/8 | €4,436 | €11,749 | +€7,313 | +165% |
| Gross operating margin | 9900 | €139,288 | €136,781 | -€2,507 | -1.8% |
| Operating profit (loss) | 9901 | €2,420 | €12,034 | +€9,615 | +397% |
| Financial income | 75/76B | €340 | €804 | +€464 | +136% |
| Recurring financial income | 75 | €340 | €803 | +€463 | +136% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,874 | €11,279 | -€594 | -5.0% |
| Recurring financial charges | 65 | €11,874 | €11,279 | -€594 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,114 | €1,559 | +€10,672 | |
| Income taxes | 67/77 | €0 | €1,160 | +€1,160 | +11,600,600% |
| Profit (loss) for the period | 9904 | -€9,114 | €399 | +€9,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,114 | €399 | +€9,512 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.