Ekwadraat: 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.
Ekwadraat
Largest movements
- Cash -€330,197
down €330,197 (-60.4%), from €546,783 to €216,586
mainly Receivables after one year (-€290,000) and Current investments (-€80,194)
- Receivables after one year +€290,000
up €290,000 (+1,933%), from €15,000 to €305,000
- Current investments +€80,194
up €80,194 (+8.5%), from €942,704 to €1.0m
- Reserves +€34,798
up €34,798 (+2.1%), from €1.6m to €1.7m
of which Distributable reserves: +€47,818
- Financial income +€76,809
up €76,809 (+404%), from €18,990 to €95,799
- Write-downs +€50,000
no longer reported in 2025 (was -€50,000)
- Taxes +€23,813
up €23,813 (+151%), from €15,800 to €39,614
- Other operating charges +€16,996
up €16,996 (+885%), from €1,922 to €18,918
- Depreciation +€9,056
up €9,056 (+112%), from €8,117 to €17,173
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 | €1,829,091 | €1,859,588 | +€30,497 | +1.7% |
| Fixed assets | 21/28 | €22,192 | €5,018 | -€17,173 | -77.4% |
| Intangible fixed assets | 21 | €6,318 | €5,018 | -€1,300 | -20.6% |
| Tangible fixed assets | 22/27 | €15,873 | - | -€15,873 | |
| Furniture and vehicles | 24 | €15,873 | - | -€15,873 | |
| Current assets | 29/58 | €1,806,899 | €1,854,570 | +€47,670 | +2.6% |
| Amounts receivable after more than one year | 29 | €15,000 | €305,000 | +€290,000 | +1,933% |
| Other amounts receivable | 291 | €15,000 | €305,000 | +€290,000 | +1,933% |
| Amounts receivable within one year | 40/41 | €302,413 | €310,086 | +€7,673 | +2.5% |
| Trade receivables | 40 | €289,693 | €268,331 | -€21,363 | -7.4% |
| Other amounts receivable | 41 | €12,719 | €41,755 | +€29,036 | +228% |
| Current investments | 50/53 | €942,704 | €1,022,898 | +€80,194 | +8.5% |
| Cash at bank and in hand | 54/58 | €546,783 | €216,586 | -€330,197 | -60.4% |
| Total equity and liabilities | 10/49 | €1,829,091 | €1,859,588 | +€30,497 | +1.7% |
| Equity | 10/15 | €1,677,792 | €1,712,589 | +€34,798 | +2.1% |
| Contributions | 10/11 | €29,100 | €29,100 | = | 0.0% |
| Reserves | 13 | €1,648,692 | €1,683,489 | +€34,798 | +2.1% |
| Non-distributable reserves | 130/1 | €13,021 | - | -€13,021 | |
| Reserves not available under the articles | 1311 | €13,021 | - | -€13,021 | |
| Tax-exempt reserves | 132 | €364,885 | €364,885 | = | 0.0% |
| Distributable reserves | 133 | €1,270,786 | €1,318,605 | +€47,818 | +3.8% |
| Provisions and deferred taxes | 16 | €121,628 | €121,628 | = | 0.0% |
| Deferred taxes | 168 | €121,628 | €121,628 | = | 0.0% |
| Amounts payable | 17/49 | €29,671 | €25,370 | -€4,301 | -14.5% |
| Amounts payable within one year | 42/48 | €29,671 | €25,370 | -€4,301 | -14.5% |
| Trade debts | 44 | €2,806 | €2,003 | -€802 | -28.6% |
| Suppliers | 440/4 | €2,806 | €2,003 | -€802 | -28.6% |
| Taxes, remuneration and social security | 45 | €9,429 | €9,429 | = | 0.0% |
| Taxes | 450/3 | €9,429 | €9,429 | = | 0.0% |
| Other amounts payable | 47/48 | €17,436 | €13,938 | -€3,498 | -20.1% |
| Non-recurring operating income | 76A | €29,088 | - | -€29,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,117 | €17,173 | +€9,056 | +112% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€50,000 | - | +€50,000 | |
| Other operating charges | 640/8 | €1,922 | €18,918 | +€16,996 | +885% |
| Gross operating margin | 9900 | €21,586 | €21,007 | -€579 | -2.7% |
| Operating profit (loss) | 9901 | €61,548 | -€15,084 | -€76,631 | |
| Financial income | 75/76B | €18,990 | €95,799 | +€76,809 | +404% |
| Recurring financial income | 75 | €18,990 | €95,799 | +€76,809 | +404% |
| Financial charges | 65/66B | €8,301 | €6,304 | -€1,997 | -24.1% |
| Recurring financial charges | 65 | €8,301 | €6,304 | -€1,997 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €72,237 | €74,411 | +€2,175 | +3.0% |
| Income taxes | 67/77 | €15,800 | €39,614 | +€23,813 | +151% |
| Profit (loss) for the period | 9904 | €56,436 | €34,798 | -€21,639 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,436 | €34,798 | -€21,639 | -38.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.