EQ1977: 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.
EQ1977
Largest movements
- Current investments +€201,829
up €201,829 (+100.9%), from €200,000 to €401,829
- Cash -€26,868
down €26,868 (-27.3%), from €98,496 to €71,627
mainly Current investments (-€201,829) and Investment in fixed assets (net) (-€1,043)
- Reserves +€137,181
up €137,181 (+64.1%), from €214,157 to €351,338
- Tax, wage and social debts +€37,888
up €37,888 (+48.1%), from €78,804 to €116,692
- Gross operating margin -€105,974
down €105,974 (-37.9%), from €279,736 to €173,762
- Taxes -€25,678
down €25,678 (-39.4%), from €65,252 to €39,575
- Financial income +€5,777
up €5,777 (+2822.9%), from €205 to €5,981
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 | €298,700 | €474,347 | +€175,647 | +58.8% |
| Fixed assets | 21/28 | - | €891 | +€891 | |
| Tangible fixed assets | 22/27 | - | €891 | +€891 | |
| Plant, machinery and equipment | 23 | - | €891 | +€891 | |
| Current assets | 29/58 | €298,700 | €473,456 | +€174,756 | +58.5% |
| Current investments | 50/53 | €200,000 | €401,829 | +€201,829 | +100.9% |
| Cash at bank and in hand | 54/58 | €98,496 | €71,627 | -€26,868 | -27.3% |
| Deferred charges and accrued income | 490/1 | €205 | €0 | -€205 | -100.0% |
| Total equity and liabilities | 10/49 | €298,700 | €474,347 | +€175,647 | +58.8% |
| Equity | 10/15 | €219,157 | €356,338 | +€137,181 | +62.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €214,157 | €351,338 | +€137,181 | +64.1% |
| Distributable reserves | 133 | €214,157 | €351,338 | +€137,181 | +64.1% |
| Amounts payable | 17/49 | €79,543 | €118,009 | +€38,466 | +48.4% |
| Amounts payable within one year | 42/48 | €79,482 | €118,009 | +€38,527 | +48.5% |
| Trade debts | 44 | €677 | €1,316 | +€639 | +94.4% |
| Suppliers | 440/4 | €677 | €1,316 | +€639 | +94.4% |
| Taxes, remuneration and social security | 45 | €78,804 | €116,692 | +€37,888 | +48.1% |
| Taxes | 450/3 | €78,804 | €116,692 | +€37,888 | +48.1% |
| Accrued charges and deferred income | 492/3 | €61 | €0 | -€61 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €152 | +€152 | |
| Other operating charges | 640/8 | €172 | €528 | +€356 | +206.8% |
| Gross operating margin | 9900 | €279,736 | €173,762 | -€105,974 | -37.9% |
| Operating profit (loss) | 9901 | €279,564 | €173,082 | -€106,481 | -38.1% |
| Financial income | 75/76B | €205 | €5,981 | +€5,777 | +2822.9% |
| Recurring financial income | 75 | €205 | €5,981 | +€5,777 | +2822.9% |
| Financial charges | 65/66B | €359 | €2,308 | +€1,949 | +543.7% |
| Recurring financial charges | 65 | €359 | €2,308 | +€1,949 | +543.7% |
| Profit (loss) for the period before taxes | 9903 | €279,410 | €176,756 | -€102,654 | -36.7% |
| Income taxes | 67/77 | €65,252 | €39,575 | -€25,678 | -39.4% |
| Profit (loss) for the period | 9904 | €214,157 | €137,181 | -€76,976 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €214,157 | €137,181 | -€76,976 | -35.9% |
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 4 October 2026 via checked.be.