EQ Works: 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.
EQ Works
Largest movements
- Tangible fixed assets +€41,196
up €41,196 (+796.2%), from €5,174 to €46,370
of which Leasing and similar rights: +€28,566
- Receivables within one year +€9,110
up €9,110 (+108.8%), from €8,376 to €17,486
of which Other amounts receivable: +€5,694
- Cash +€4,512
up €4,512 (+70.8%), from €6,373 to €10,885
mainly Debts after one year (+€20,609) and Other debts (+€17,357)
- Debts after one year +€20,609
new in 2025: €20,609
- Other debts +€17,357
new in 2025: €17,357
- Reserves +€7,576
new in 2025: €7,576
- Current portion of long-term debt +€5,587
new in 2025: €5,587
- Trade debts +€4,289
up €4,289 (+54.3%), from €7,901 to €12,190
- Depreciation +€6,507
up €6,507 (+787.5%), from €826 to €7,333
- Gross operating margin +€4,640
up €4,640 (+33.1%), from €14,010 to €18,650
- Financial charges +€712
up €712 (+707.7%), from €101 to €813
- Other operating charges -€407
down €407 (-39.1%), from €1,043 to €636
- Taxes -€276
down €276 (-10.7%), from €2,569 to €2,293
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 | €19,922 | €75,314 | +€55,391 | +278.0% |
| Fixed assets | 21/28 | €5,174 | €46,370 | +€41,196 | +796.2% |
| Tangible fixed assets | 22/27 | €5,174 | €46,370 | +€41,196 | +796.2% |
| Furniture and vehicles | 24 | €5,174 | €17,804 | +€12,630 | +244.1% |
| Leasing and similar rights | 25 | - | €28,566 | +€28,566 | |
| Current assets | 29/58 | €14,749 | €28,944 | +€14,195 | +96.2% |
| Amounts receivable within one year | 40/41 | €8,376 | €17,486 | +€9,110 | +108.8% |
| Trade receivables | 40 | €6,101 | €9,516 | +€3,416 | +56.0% |
| Other amounts receivable | 41 | €2,276 | €7,970 | +€5,694 | +250.2% |
| Cash at bank and in hand | 54/58 | €6,373 | €10,885 | +€4,512 | +70.8% |
| Deferred charges and accrued income | 490/1 | - | €573 | +€573 | |
| Total equity and liabilities | 10/49 | €19,922 | €75,314 | +€55,391 | +278.0% |
| Equity | 10/15 | €12,022 | €19,570 | +€7,549 | +62.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €7,576 | +€7,576 | |
| Distributable reserves | 133 | - | €7,576 | +€7,576 | |
| Profit (loss) carried forward | 14 | €9,522 | €9,495 | -€27 | -0.3% |
| Amounts payable | 17/49 | €7,901 | €55,743 | +€47,843 | +605.5% |
| Amounts payable after more than one year | 17 | - | €20,609 | +€20,609 | |
| Financial debts | 170/4 | - | €20,609 | +€20,609 | |
| Amounts payable within one year | 42/48 | €7,901 | €35,134 | +€27,234 | +344.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,587 | +€5,587 | |
| Trade debts | 44 | €7,901 | €12,190 | +€4,289 | +54.3% |
| Suppliers | 440/4 | €7,901 | €12,190 | +€4,289 | +54.3% |
| Other amounts payable | 47/48 | - | €17,357 | +€17,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €7,333 | +€6,507 | +787.5% |
| Other operating charges | 640/8 | €1,043 | €636 | -€407 | -39.1% |
| Gross operating margin | 9900 | €14,010 | €18,650 | +€4,640 | +33.1% |
| Operating profit (loss) | 9901 | €12,141 | €10,682 | -€1,459 | -12.0% |
| Financial income | 75/76B | €50 | €0 | -€50 | -99.9% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -99.9% |
| Financial charges | 65/66B | €101 | €813 | +€712 | +707.7% |
| Recurring financial charges | 65 | €101 | €813 | +€712 | +707.7% |
| Profit (loss) for the period before taxes | 9903 | €12,090 | €9,869 | -€2,222 | -18.4% |
| Income taxes | 67/77 | €2,569 | €2,293 | -€276 | -10.7% |
| Profit (loss) for the period | 9904 | €9,522 | €7,576 | -€1,946 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,522 | €7,576 | -€1,946 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.