CEQUITOMA: 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.
CEQUITOMA
Largest movements
- Cash -€40,627
down €40,627 (-6.3%), from €644,325 to €603,697
mainly Contributions, distributions and other (-€94,165) and Net result for the year (-€84,458)
- Tangible fixed assets -€37,212
down €37,212 (-8.5%), from €440,065 to €402,853
of which Land and buildings: -€34,517
- Stocks and contracts -€26,811
down €26,811 (-23.8%), from €112,747 to €85,936
- Reserves -€178,623
down €178,623 (-18.0%), from €991,495 to €812,872
of which Distributable reserves: -€178,623
- Other debts +€70,295
up €70,295 (+52.5%), from €133,912 to €204,208
- Gross operating margin -€35,605
down €35,605 (-366.3%), from -€9,721 to -€45,325
- Financial income +€4,390
up €4,390 (+57.4%), from €7,641 to €12,031
- Depreciation +€2,387
up €2,387 (+6.6%), from €36,349 to €38,736
- Financial charges +€2,163
up €2,163 (+27.3%), from €7,934 to €10,097
- Other operating charges -€977
down €977 (-29.5%), from €3,307 to €2,330
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 | €1,210,793 | €1,104,230 | -€106,563 | -8.8% |
| Fixed assets | 21/28 | €440,102 | €402,891 | -€37,212 | -8.5% |
| Tangible fixed assets | 22/27 | €440,065 | €402,853 | -€37,212 | -8.5% |
| Land and buildings | 22 | €430,070 | €395,553 | -€34,517 | -8.0% |
| Plant, machinery and equipment | 23 | €4,300 | €2,858 | -€1,442 | -33.5% |
| Furniture and vehicles | 24 | €5,696 | €4,443 | -€1,253 | -22.0% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €770,690 | €701,339 | -€69,351 | -9.0% |
| Stocks and contracts in progress | 3 | €112,747 | €85,936 | -€26,811 | -23.8% |
| Stocks | 30/36 | €112,747 | €85,936 | -€26,811 | -23.8% |
| Amounts receivable within one year | 40/41 | €12,319 | €10,382 | -€1,937 | -15.7% |
| Trade receivables | 40 | €10,081 | €5,540 | -€4,541 | -45.0% |
| Other amounts receivable | 41 | €2,238 | €4,842 | +€2,604 | +116.3% |
| Cash at bank and in hand | 54/58 | €644,325 | €603,697 | -€40,627 | -6.3% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,325 | +€25 | +1.9% |
| Total equity and liabilities | 10/49 | €1,210,793 | €1,104,230 | -€106,563 | -8.8% |
| Equity | 10/15 | €1,072,095 | €893,472 | -€178,623 | -16.7% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Capital | 10 | €80,600 | €80,600 | = | 0.0% |
| Issued capital | 100 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €991,495 | €812,872 | -€178,623 | -18.0% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Legal reserve | 130 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €983,435 | €804,812 | -€178,623 | -18.2% |
| Amounts payable | 17/49 | €138,698 | €210,758 | +€72,060 | +52.0% |
| Amounts payable within one year | 42/48 | €138,198 | €209,758 | +€71,560 | +51.8% |
| Trade debts | 44 | €99 | €2,696 | +€2,597 | +2630.6% |
| Suppliers | 440/4 | €99 | €2,696 | +€2,597 | +2630.6% |
| Taxes, remuneration and social security | 45 | €4,186 | €2,855 | -€1,332 | -31.8% |
| Taxes | 450/3 | €4,186 | €2,855 | -€1,332 | -31.8% |
| Other amounts payable | 47/48 | €133,912 | €204,208 | +€70,295 | +52.5% |
| Accrued charges and deferred income | 492/3 | €500 | €1,000 | +€500 | +100.0% |
| Non-recurring operating income | 76A | €11,599 | €1,826 | -€9,773 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,349 | €38,736 | +€2,387 | +6.6% |
| Other operating charges | 640/8 | €3,307 | €2,330 | -€977 | -29.5% |
| Gross operating margin | 9900 | -€9,721 | -€45,325 | -€35,605 | -366.3% |
| Operating profit (loss) | 9901 | -€49,377 | -€86,392 | -€37,015 | -75.0% |
| Financial income | 75/76B | €7,641 | €12,031 | +€4,390 | +57.4% |
| Recurring financial income | 75 | €7,641 | €12,031 | +€4,390 | +57.4% |
| Financial charges | 65/66B | €7,934 | €10,097 | +€2,163 | +27.3% |
| Recurring financial charges | 65 | €7,934 | €10,097 | +€2,163 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,669 | -€84,458 | -€34,789 | -70.0% |
| Profit (loss) for the period | 9904 | -€49,669 | -€84,458 | -€34,789 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,669 | -€84,458 | -€34,789 | -70.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.