EEQ: what changed
Two fiscal 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.
EEQ
Largest movements
- Tangible fixed assets -€12,715
down €12,715 (-2.4%), from €531,187 to €518,472
of which Land and buildings: -€11,940
- Profit (loss) carried forward -€22,847
down €22,847 (-41.2%), from -€55,395 to -€78,242
- Other debts +€12,039
up €12,039 (+26.7%), from €45,123 to €57,162
- Debts after one year -€12,001
down €12,001 (-19.6%), from €61,357 to €49,356
- Short-term financial debts -€5,445
no longer reported in 2025 (was €5,445)
- Advances received +€5,445
new in 2025: €5,445
- Financial charges -€33,310
down €33,310 (-95.6%), from €34,835 to €1,526
of which Non-recurring financial charges: -€32,993
- Other operating charges +€1,787
up €1,787 (+51.1%), from €3,495 to €5,282
- Gross operating margin +€1,013
up €1,013 (+24.3%), from -€4,162 to -€3,150
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,306 | €524,979 | -€19,326 | -3.6% |
| Fixed assets | 21/28 | €531,187 | €518,472 | -€12,715 | -2.4% |
| Tangible fixed assets | 22/27 | €531,187 | €518,472 | -€12,715 | -2.4% |
| Land and buildings | 22 | €529,410 | €517,470 | -€11,940 | -2.3% |
| Plant, machinery and equipment | 23 | €1,777 | €1,002 | -€775 | -43.6% |
| Current assets | 29/58 | €13,119 | €6,508 | -€6,611 | -50.4% |
| Amounts receivable within one year | 40/41 | €2,230 | €192 | -€2,037 | -91.4% |
| Other amounts receivable | 41 | €2,230 | €192 | -€2,037 | -91.4% |
| Current investments | 50/53 | €10,889 | €6,315 | -€4,574 | -42.0% |
| Total equity and liabilities | 10/49 | €544,306 | €524,979 | -€19,326 | -3.6% |
| Equity | 10/15 | €367,959 | €345,113 | -€22,847 | -6.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €415,855 | €415,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €413,955 | €413,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,395 | -€78,242 | -€22,847 | -41.2% |
| Amounts payable | 17/49 | €176,346 | €179,867 | +€3,521 | +2.0% |
| Amounts payable after more than one year | 17 | €61,357 | €49,356 | -€12,001 | -19.6% |
| Financial debts | 170/4 | €61,357 | €49,356 | -€12,001 | -19.6% |
| Amounts payable within one year | 42/48 | €114,989 | €130,511 | +€15,522 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €11,767 | €10,909 | -€857 | -7.3% |
| Financial debts | 43 | €5,445 | - | -€5,445 | |
| Other loans | 439 | €5,445 | - | -€5,445 | |
| Trade debts | 44 | €52,654 | €56,820 | +€4,166 | +7.9% |
| Suppliers | 440/4 | €52,654 | €56,820 | +€4,166 | +7.9% |
| Advances received on contracts in progress | 46 | - | €5,445 | +€5,445 | |
| Taxes, remuneration and social security | 45 | - | €174 | +€174 | |
| Taxes | 450/3 | - | €174 | +€174 | |
| Other amounts payable | 47/48 | €45,123 | €57,162 | +€12,039 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,715 | €12,715 | = | 0.0% |
| Other operating charges | 640/8 | €3,495 | €5,282 | +€1,787 | +51.1% |
| Gross operating margin | 9900 | -€4,162 | -€3,150 | +€1,013 | +24.3% |
| Operating profit (loss) | 9901 | -€20,373 | -€21,147 | -€774 | -3.8% |
| Financial charges | 65/66B | €34,835 | €1,526 | -€33,310 | -95.6% |
| Recurring financial charges | 65 | €1,842 | €1,526 | -€316 | -17.2% |
| Non-recurring financial charges | 66B | €32,993 | - | -€32,993 | |
| Profit (loss) for the period before taxes | 9903 | -€55,208 | -€22,672 | +€32,535 | +58.9% |
| Income taxes | 67/77 | €188 | €174 | -€13 | -7.0% |
| Profit (loss) for the period | 9904 | -€55,395 | -€22,847 | +€32,548 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,395 | -€22,847 | +€32,548 | +58.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.