E-Quites: 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.
E-Quites
Largest movements
- Tangible fixed assets +€19,426
up €19,426, from €0 to €19,426
of which Plant, machinery and equipment: +€19,426
- Receivables within one year -€14,702
down €14,702 (-93.4%), from €15,741 to €1,039
of which Other amounts receivable: -€15,302
- Deferred charges and accrued income +€1,073
new in 2025: €1,073
- Cash +€382
new in 2025: €382
mainly Other debts (+€18,777) and Receivables within one year (+€14,702)
- Reserves -€23,200
down €23,200 (-64.0%), from €36,260 to €13,060
of which Distributable reserves: -€23,200
- Other debts +€18,777
new in 2025: €18,777
- Trade debts +€13,637
new in 2025: €13,637
- Profit (loss) carried forward -€6,036
down €6,036 (-18.3%), from -€32,919 to -€38,955
- Contributions +€3,000
up €3,000 (+24.2%), from €12,400 to €15,400
- Gross operating margin +€1,905
up €1,905 (+36.9%), from -€5,159 to -€3,254
- Depreciation +€1,594
up €1,594 (+605%), from €264 to €1,857
- Other operating charges +€787
new in 2025: €787
- Financial charges +€88
up €88 (+177%), from €50 to €138
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 | €15,741 | €21,919 | +€6,178 | +39.2% |
| Fixed assets | 21/28 | €0 | €19,426 | +€19,426 | |
| Tangible fixed assets | 22/27 | €0 | €19,426 | +€19,426 | |
| Plant, machinery and equipment | 23 | - | €19,426 | +€19,426 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €15,741 | €2,494 | -€13,247 | -84.2% |
| Amounts receivable within one year | 40/41 | €15,741 | €1,039 | -€14,702 | -93.4% |
| Trade receivables | 40 | - | €600 | +€600 | |
| Other amounts receivable | 41 | €15,741 | €439 | -€15,302 | -97.2% |
| Cash at bank and in hand | 54/58 | - | €382 | +€382 | |
| Deferred charges and accrued income | 490/1 | - | €1,073 | +€1,073 | |
| Total equity and liabilities | 10/49 | €15,741 | €21,919 | +€6,178 | +39.2% |
| Equity | 10/15 | €15,741 | -€10,495 | -€26,236 | |
| Contributions | 10/11 | €12,400 | €15,400 | +€3,000 | +24.2% |
| Reserves | 13 | €36,260 | €13,060 | -€23,200 | -64.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,400 | €11,200 | -€23,200 | -67.4% |
| Profit (loss) carried forward | 14 | -€32,919 | -€38,955 | -€6,036 | -18.3% |
| Amounts payable | 17/49 | - | €32,414 | +€32,414 | |
| Amounts payable within one year | 42/48 | - | €32,414 | +€32,414 | |
| Trade debts | 44 | - | €13,637 | +€13,637 | |
| Suppliers | 440/4 | - | €13,637 | +€13,637 | |
| Other amounts payable | 47/48 | - | €18,777 | +€18,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €1,857 | +€1,594 | +605% |
| Other operating charges | 640/8 | - | €787 | +€787 | |
| Gross operating margin | 9900 | -€5,159 | -€3,254 | +€1,905 | +36.9% |
| Operating profit (loss) | 9901 | -€5,423 | -€5,898 | -€475 | -8.8% |
| Financial charges | 65/66B | €50 | €138 | +€88 | +177% |
| Recurring financial charges | 65 | €50 | €138 | +€88 | +177% |
| Profit (loss) for the period before taxes | 9903 | -€5,473 | -€6,036 | -€563 | -10.3% |
| Profit (loss) for the period | 9904 | -€5,473 | -€6,036 | -€563 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,473 | -€6,036 | -€563 | -10.3% |
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 17 October 2026 via checked.be.