EQFI: 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.
What changed
EQFI
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,163
2024 · €21,543-€7,380
Equity
€484,573
2024 · €470,410+€14,163
Cash
€19,611
2024 · €11,827+€7,784
Balance sheet total
€1.5m
2024 · €1.4m+€13,544
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€44,809
down €44,809 (-5.4%), from €823,918 to €779,109
- Other debts +€29,452
up €29,452 (+35.6%), from €82,647 to €112,099
Income statement
- Gross operating margin +€31,578
up €31,578 (+33.3%), from €94,962 to €126,540
- Taxes +€19,565
up €19,565, from -€11,861 to €7,704
- Financial charges +€18,832
up €18,832 (+178%), from €10,608 to €29,440
- Depreciation -€3,365
down €3,365 (-5.0%), from €66,900 to €63,535
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.
Result 2024
€21,543
Gross operating margin
+€31,578
Depreciation
+€3,365
Other operating charges
+€506
Other operating items
-€4,496
Financial income
+€65
Financial charges
-€18,832
Other financial items
-€1
Taxes
-€19,565
Result 2025
€14,163
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€118,074
Investment
-€67,072
Financing
-€43,218
Cash 2024
€11,827
From operations (derived)
+€118,074
Net result for the year
+€14,163
Depreciation
+€63,535
Receivables within one year
-€2,510
Deferred charges and accrued income
+€286
Trade debts
+€11,581
Tax, wage and social debts
+€1,567
Other debts
+€29,452
Investment (derived)
-€67,072
Investment in fixed assets (net)
-€67,072
Financing
-€43,218
Debts after one year
-€44,809
Current portion of long-term debt
+€1,590
Contributions, distributions and other
+€0
Cash 2025
€19,611
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,438,834 | €1,452,378 | +€13,544 | +0.9% |
| Fixed assets | 21/28 | €1,372,134 | €1,375,670 | +€3,536 | +0.3% |
| Tangible fixed assets | 22/27 | €1,361,470 | €1,375,670 | +€14,200 | +1.0% |
| Land and buildings | 22 | €1,319,131 | €1,283,383 | -€35,748 | -2.7% |
| Plant, machinery and equipment | 23 | €21,971 | - | -€21,971 | |
| Furniture and vehicles | 24 | €20,368 | €92,288 | +€71,920 | +353% |
| Financial fixed assets | 28 | €10,664 | - | -€10,664 | |
| Current assets | 29/58 | €66,700 | €76,707 | +€10,007 | +15.0% |
| Amounts receivable within one year | 40/41 | €50,656 | €53,166 | +€2,510 | +5.0% |
| Trade receivables | 40 | €3,100 | €4,187 | +€1,087 | +35.1% |
| Other amounts receivable | 41 | €47,556 | €48,979 | +€1,423 | +3.0% |
| Cash at bank and in hand | 54/58 | €11,827 | €19,611 | +€7,784 | +65.8% |
| Deferred charges and accrued income | 490/1 | €4,217 | €3,931 | -€286 | -6.8% |
| Total equity and liabilities | 10/49 | €1,438,834 | €1,452,378 | +€13,544 | +0.9% |
| Equity | 10/15 | €470,410 | €484,573 | +€14,163 | +3.0% |
| Contributions | 10/11 | €115,500 | €115,500 | = | 0.0% |
| Reserves | 13 | €354,910 | €369,073 | +€14,163 | +4.0% |
| Distributable reserves | 133 | €354,910 | €369,073 | +€14,163 | +4.0% |
| Amounts payable | 17/49 | €968,424 | €967,805 | -€619 | -0.1% |
| Amounts payable after more than one year | 17 | €823,918 | €779,109 | -€44,809 | -5.4% |
| Financial debts | 170/4 | €823,918 | €779,109 | -€44,809 | -5.4% |
| Amounts payable within one year | 42/48 | €144,506 | €188,696 | +€44,190 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €43,219 | €44,809 | +€1,590 | +3.7% |
| Trade debts | 44 | €17,221 | €28,802 | +€11,581 | +67.2% |
| Suppliers | 440/4 | €17,221 | €28,802 | +€11,581 | +67.2% |
| Taxes, remuneration and social security | 45 | €1,419 | €2,986 | +€1,567 | +110% |
| Taxes | 450/3 | €1,419 | €709 | -€710 | -50.0% |
| Remuneration and social security | 454/9 | - | €2,277 | +€2,277 | |
| Other amounts payable | 47/48 | €82,647 | €112,099 | +€29,452 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,900 | €63,535 | -€3,365 | -5.0% |
| Other operating charges | 640/8 | €7,888 | €7,382 | -€506 | -6.4% |
| Non-recurring operating charges | 66A | - | €4,496 | +€4,496 | |
| Gross operating margin | 9900 | €94,962 | €126,540 | +€31,578 | +33.3% |
| Operating profit (loss) | 9901 | €20,174 | €51,127 | +€30,953 | +153% |
| Financial income | 75/76B | €115 | €180 | +€65 | +56.4% |
| Recurring financial income | 75 | €115 | €180 | +€65 | +56.4% |
| Financial charges | 65/66B | €10,608 | €29,440 | +€18,832 | +178% |
| Recurring financial charges | 65 | €10,608 | €29,440 | +€18,832 | +178% |
| Profit (loss) for the period before taxes | 9903 | €9,682 | €21,867 | +€12,185 | +126% |
| Income taxes | 67/77 | -€11,861 | €7,704 | +€19,565 | |
| Profit (loss) for the period | 9904 | €21,543 | €14,163 | -€7,380 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,543 | €14,163 | -€7,380 | -34.3% |
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 14 October 2026 via checked.be.