USIMEC: 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.
USIMEC
Largest movements
- Stocks and contracts +€60,087
new in 2025: €60,087
- Receivables within one year -€47,914
down €47,914 (-100%), from €47,914 to €0
of which Other amounts receivable: -€47,852
- Tangible fixed assets -€21,012
down €21,012 (-49.6%), from €42,335 to €21,323
of which Plant, machinery and equipment: -€22,109
- Cash -€4,739
down €4,739 (-28.7%), from €16,490 to €11,752
mainly Other debts (-€89,333) and Stocks and contracts (-€60,087)
- Profit (loss) carried forward +€110,790
up €110,790 (+46.6%), from -€237,677 to -€126,887
- Other debts -€89,333
down €89,333 (-48.8%), from €183,044 to €93,711
- Current portion of long-term debt -€25,521
down €25,521 (-87.7%), from €29,094 to €3,573
- Tax, wage and social debts -€7,483
down €7,483 (-18.9%), from €39,622 to €32,139
of which Remuneration and social security: -€7,976
- Trade debts +€3,934
up €3,934 (+18.2%), from €21,640 to €25,574
- Gross operating margin +€166,151
up €166,151 (+57.6%), from €288,416 to €454,567
- Staff costs +€34,316
up €34,316 (+12.4%), from €277,373 to €311,689
- Depreciation -€6,088
down €6,088 (-18.8%), from €32,322 to €26,234
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.
Derived cash bridge
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 | €107,696 | €93,161 | -€14,535 | -13.5% |
| Fixed assets | 21/28 | €42,335 | €21,323 | -€21,012 | -49.6% |
| Tangible fixed assets | 22/27 | €42,335 | €21,323 | -€21,012 | -49.6% |
| Plant, machinery and equipment | 23 | €42,335 | €20,226 | -€22,109 | -52.2% |
| Furniture and vehicles | 24 | - | €1,097 | +€1,097 | |
| Current assets | 29/58 | €65,361 | €71,838 | +€6,477 | +9.9% |
| Stocks and contracts in progress | 3 | - | €60,087 | +€60,087 | |
| Stocks | 30/36 | - | €60,087 | +€60,087 | |
| Amounts receivable within one year | 40/41 | €47,914 | €0 | -€47,914 | -100% |
| Trade receivables | 40 | €61 | €0 | -€61 | -100% |
| Other amounts receivable | 41 | €47,852 | €0 | -€47,852 | -100% |
| Cash at bank and in hand | 54/58 | €16,490 | €11,752 | -€4,739 | -28.7% |
| Deferred charges and accrued income | 490/1 | €957 | €0 | -€957 | -100% |
| Total equity and liabilities | 10/49 | €107,696 | €93,161 | -€14,535 | -13.5% |
| Equity | 10/15 | -€172,626 | -€61,836 | +€110,790 | +64.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,551 | €3,551 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,551 | €3,551 | = | 0.0% |
| Legal reserve | 130 | €3,551 | €3,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,677 | -€126,887 | +€110,790 | +46.6% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €280,322 | €154,997 | -€125,325 | -44.7% |
| Amounts payable after more than one year | 17 | €3,573 | €0 | -€3,573 | -100% |
| Financial debts | 170/4 | €3,573 | €0 | -€3,573 | -100% |
| Amounts payable within one year | 42/48 | €273,400 | €154,997 | -€118,403 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €29,094 | €3,573 | -€25,521 | -87.7% |
| Trade debts | 44 | €21,640 | €25,574 | +€3,934 | +18.2% |
| Suppliers | 440/4 | €21,640 | €25,574 | +€3,934 | +18.2% |
| Taxes, remuneration and social security | 45 | €39,622 | €32,139 | -€7,483 | -18.9% |
| Taxes | 450/3 | €4,870 | €5,363 | +€493 | +10.1% |
| Remuneration and social security | 454/9 | €34,752 | €26,776 | -€7,976 | -23.0% |
| Other amounts payable | 47/48 | €183,044 | €93,711 | -€89,333 | -48.8% |
| Accrued charges and deferred income | 492/3 | €3,350 | €0 | -€3,350 | -100% |
| Non-recurring operating income | 76A | €0 | €4,493 | +€4,493 | |
| Remuneration, social security and pensions | 62 | €277,373 | €311,689 | +€34,316 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,322 | €26,234 | -€6,088 | -18.8% |
| Other operating charges | 640/8 | €1,500 | €1,648 | +€148 | +9.9% |
| Non-recurring operating charges | 66A | - | €385 | +€385 | |
| Gross operating margin | 9900 | €288,416 | €454,567 | +€166,151 | +57.6% |
| Operating profit (loss) | 9901 | -€22,779 | €114,612 | +€137,391 | |
| Financial income | 75/76B | €957 | €723 | -€234 | -24.5% |
| Recurring financial income | 75 | €957 | €723 | -€234 | -24.5% |
| Financial charges | 65/66B | €4,560 | €4,544 | -€16 | -0.3% |
| Recurring financial charges | 65 | €4,560 | €4,544 | -€16 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,382 | €110,790 | +€137,172 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€26,382 | €110,790 | +€137,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,382 | €110,790 | +€137,172 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.