EQIDNA: 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.
EQIDNA
Largest movements
- Current investments -€31,139
no longer reported in 2025 (was €31,139)
- Cash +€18,214
up €18,214 (+56.9%), from €32,014 to €50,228
mainly Net result for the year (+€179,256) and Short-term financial debts (+€46,826)
- Receivables within one year +€17,419
up €17,419 (+38.4%), from €45,386 to €62,805
of which Other amounts receivable: +€26,210
- Reserves +€179,256
up €179,256 (+546%), from €32,834 to €212,090
- Current portion of long-term debt -€111,340
down €111,340 (-51.0%), from €218,491 to €107,151
- Debts after one year -€107,151
down €107,151 (-21.9%), from €489,086 to €381,935
- Short-term financial debts +€46,826
new in 2025: €46,826
- Gross operating margin +€15,984
up €15,984 (+5.0%), from €317,454 to €333,438
- Financial charges +€14,317
up €14,317 (+43.1%), from €33,220 to €47,537
- Depreciation +€6,281
up €6,281 (+22.4%), from €27,991 to €34,273
- Financial income +€4,702
up €4,702 (+4,356%), from €108 to €4,810
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 | €804,014 | €804,911 | +€897 | +0.1% |
| Fixed assets | 21/28 | €592,105 | €588,490 | -€3,616 | -0.6% |
| Tangible fixed assets | 22/27 | €592,105 | €588,490 | -€3,616 | -0.6% |
| Land and buildings | 22 | €533,681 | €544,868 | +€11,188 | +2.1% |
| Furniture and vehicles | 24 | €58,425 | €43,621 | -€14,803 | -25.3% |
| Current assets | 29/58 | €211,909 | €216,422 | +€4,513 | +2.1% |
| Amounts receivable after more than one year | 29 | €101,000 | €101,000 | = | 0.0% |
| Other amounts receivable | 291 | €101,000 | €101,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,386 | €62,805 | +€17,419 | +38.4% |
| Trade receivables | 40 | €45,386 | €36,595 | -€8,791 | -19.4% |
| Other amounts receivable | 41 | - | €26,210 | +€26,210 | |
| Current investments | 50/53 | €31,139 | - | -€31,139 | |
| Cash at bank and in hand | 54/58 | €32,014 | €50,228 | +€18,214 | +56.9% |
| Deferred charges and accrued income | 490/1 | €2,369 | €2,388 | +€19 | +0.8% |
| Total equity and liabilities | 10/49 | €804,014 | €804,911 | +€897 | +0.1% |
| Equity | 10/15 | €51,434 | €230,690 | +€179,256 | +349% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,834 | €212,090 | +€179,256 | +546% |
| Distributable reserves | 133 | €32,834 | €212,090 | +€179,256 | +546% |
| Amounts payable | 17/49 | €752,580 | €574,221 | -€178,359 | -23.7% |
| Amounts payable after more than one year | 17 | €489,086 | €381,935 | -€107,151 | -21.9% |
| Financial debts | 170/4 | €489,086 | €381,935 | -€107,151 | -21.9% |
| Amounts payable within one year | 42/48 | €263,363 | €191,856 | -€71,508 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €218,491 | €107,151 | -€111,340 | -51.0% |
| Financial debts | 43 | - | €46,826 | +€46,826 | |
| Other loans | 439 | - | €46,826 | +€46,826 | |
| Trade debts | 44 | €12,544 | €5,244 | -€7,300 | -58.2% |
| Suppliers | 440/4 | €12,544 | €5,244 | -€7,300 | -58.2% |
| Taxes, remuneration and social security | 45 | €26,107 | €32,635 | +€6,528 | +25.0% |
| Taxes | 450/3 | €26,107 | €32,315 | +€6,208 | +23.8% |
| Remuneration and social security | 454/9 | - | €320 | +€320 | |
| Other amounts payable | 47/48 | €6,222 | - | -€6,222 | |
| Accrued charges and deferred income | 492/3 | €131 | €431 | +€300 | +229% |
| Non-recurring operating income | 76A | €64,354 | - | -€64,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,991 | €34,273 | +€6,281 | +22.4% |
| Other operating charges | 640/8 | €12,984 | €11,505 | -€1,478 | -11.4% |
| Gross operating margin | 9900 | €317,454 | €333,438 | +€15,984 | +5.0% |
| Operating profit (loss) | 9901 | €276,479 | €287,659 | +€11,181 | +4.0% |
| Financial income | 75/76B | €108 | €4,810 | +€4,702 | +4,356% |
| Recurring financial income | 75 | €108 | €4,810 | +€4,702 | +4,356% |
| Financial charges | 65/66B | €33,220 | €47,537 | +€14,317 | +43.1% |
| Recurring financial charges | 65 | €33,220 | €47,537 | +€14,317 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €243,366 | €244,933 | +€1,567 | +0.6% |
| Income taxes | 67/77 | €62,401 | €65,677 | +€3,276 | +5.2% |
| Profit (loss) for the period | 9904 | €180,965 | €179,256 | -€1,709 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €180,965 | €179,256 | -€1,709 | -0.9% |
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 13 October 2026 via checked.be.