AEQUITAS: 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.
AEQUITAS
Largest movements
- Receivables within one year +€84,320
up €84,320 (+507%), from €16,630 to €100,950
- Tangible fixed assets +€10,710
up €10,710 (+151%), from €7,095 to €17,806
of which Furniture and vehicles: +€10,551
- Cash +€2,820
up €2,820 (+21.9%), from €12,846 to €15,665
mainly Net result for the year (+€84,976) and Current portion of long-term debt (+€6,076)
- Profit (loss) carried forward +€84,976
up €84,976, from -€37,229 to €47,746
- Current portion of long-term debt +€6,076
new in 2025: €6,076
- Debts after one year +€4,257
new in 2025: €4,257
- Tax, wage and social debts +€3,376
up €3,376 (+60.3%), from €5,598 to €8,975
- Other debts -€1,695
down €1,695 (-4.1%), from €40,891 to €39,196
- Gross operating margin +€104,605
up €104,605, from -€8,709 to €95,896
- Financial charges -€71,755
down €71,755 (-95.1%), from €75,456 to €3,701
- Depreciation +€1,220
up €1,220 (+31.1%), from €3,921 to €5,141
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 | €39,440 | €137,796 | +€98,356 | +249% |
| Fixed assets | 21/28 | €9,823 | €20,533 | +€10,710 | +109% |
| Tangible fixed assets | 22/27 | €7,095 | €17,806 | +€10,710 | +151% |
| Plant, machinery and equipment | 23 | €696 | €855 | +€160 | +22.9% |
| Furniture and vehicles | 24 | €6,399 | €16,950 | +€10,551 | +165% |
| Financial fixed assets | 28 | €2,728 | €2,728 | = | 0.0% |
| Current assets | 29/58 | €29,617 | €117,262 | +€87,646 | +296% |
| Amounts receivable within one year | 40/41 | €16,630 | €100,950 | +€84,320 | +507% |
| Trade receivables | 40 | €16,630 | €100,950 | +€84,320 | +507% |
| Cash at bank and in hand | 54/58 | €12,846 | €15,665 | +€2,820 | +21.9% |
| Deferred charges and accrued income | 490/1 | €141 | €647 | +€506 | +359% |
| Total equity and liabilities | 10/49 | €39,440 | €137,796 | +€98,356 | +249% |
| Equity | 10/15 | -€16,778 | €68,198 | +€84,976 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€37,229 | €47,746 | +€84,976 | |
| Amounts payable | 17/49 | €56,218 | €69,598 | +€13,380 | +23.8% |
| Amounts payable after more than one year | 17 | - | €4,257 | +€4,257 | |
| Financial debts | 170/4 | - | €4,257 | +€4,257 | |
| Amounts payable within one year | 42/48 | €56,218 | €65,341 | +€9,123 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,076 | +€6,076 | |
| Trade debts | 44 | €9,728 | €11,093 | +€1,365 | +14.0% |
| Suppliers | 440/4 | €9,728 | €11,093 | +€1,365 | +14.0% |
| Taxes, remuneration and social security | 45 | €5,598 | €8,975 | +€3,376 | +60.3% |
| Taxes | 450/3 | €5,598 | €8,975 | +€3,376 | +60.3% |
| Other amounts payable | 47/48 | €40,891 | €39,196 | -€1,695 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,921 | €5,141 | +€1,220 | +31.1% |
| Other operating charges | 640/8 | €671 | €1,009 | +€337 | +50.3% |
| Gross operating margin | 9900 | -€8,709 | €95,896 | +€104,605 | |
| Operating profit (loss) | 9901 | -€13,301 | €89,747 | +€103,047 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €75,456 | €3,701 | -€71,755 | -95.1% |
| Recurring financial charges | 65 | €75,456 | €3,701 | -€71,755 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€88,757 | €86,048 | +€174,805 | |
| Income taxes | 67/77 | €439 | €1,072 | +€633 | +144% |
| Profit (loss) for the period | 9904 | -€89,196 | €84,976 | +€174,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,196 | €84,976 | +€174,172 |
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 18 October 2026 via checked.be.