Eqinile: 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.
Eqinile
Largest movements
- Receivables within one year +€184,362
up €184,362 (+131%), from €140,761 to €325,123
of which Other amounts receivable: +€292,320
- Cash +€61,672
up €61,672 (+44.2%), from €139,489 to €201,161
mainly Net result for the year (+€218,683) and Tax, wage and social debts (+€48,690)
- Reserves +€218,683
up €218,683 (+108%), from €202,076 to €420,759
- Tax, wage and social debts +€48,690
up €48,690 (+52.2%), from €93,202 to €141,892
- Debts after one year -€20,713
down €20,713 (-6.5%), from €319,444 to €298,731
- Gross operating margin +€18,117
up €18,117 (+6.2%), from €290,225 to €308,342
- Taxes +€8,178
up €8,178 (+13.6%), from €60,096 to €68,274
- Financial income +€8,163
up €8,163 (+20,408,600%), from €0 to €8,163
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 | €642,773 | €889,618 | +€246,845 | +38.4% |
| Fixed assets | 21/28 | €84,776 | €91,272 | +€6,496 | +7.7% |
| Tangible fixed assets | 22/27 | €84,776 | €91,272 | +€6,496 | +7.7% |
| Land and buildings | 22 | €38,689 | €35,979 | -€2,710 | -7.0% |
| Furniture and vehicles | 24 | €45,187 | €51,393 | +€6,206 | +13.7% |
| Other tangible fixed assets | 26 | €900 | €3,900 | +€3,000 | +333% |
| Current assets | 29/58 | €557,997 | €798,346 | +€240,349 | +43.1% |
| Amounts receivable within one year | 40/41 | €140,761 | €325,123 | +€184,362 | +131% |
| Trade receivables | 40 | €140,373 | €32,414 | -€107,958 | -76.9% |
| Other amounts receivable | 41 | €389 | €292,709 | +€292,320 | +75,224% |
| Cash at bank and in hand | 54/58 | €139,489 | €201,161 | +€61,672 | +44.2% |
| Deferred charges and accrued income | 490/1 | €277,747 | €272,061 | -€5,686 | -2.0% |
| Total equity and liabilities | 10/49 | €642,773 | €889,618 | +€246,845 | +38.4% |
| Equity | 10/15 | €207,076 | €425,759 | +€218,683 | +106% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €202,076 | €420,759 | +€218,683 | +108% |
| Distributable reserves | 133 | €202,076 | €420,759 | +€218,683 | +108% |
| Amounts payable | 17/49 | €435,697 | €463,859 | +€28,161 | +6.5% |
| Amounts payable after more than one year | 17 | €319,444 | €298,731 | -€20,713 | -6.5% |
| Financial debts | 170/4 | €319,444 | €298,731 | -€20,713 | -6.5% |
| Amounts payable within one year | 42/48 | €116,241 | €165,116 | +€48,875 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €19,915 | €20,713 | +€798 | +4.0% |
| Financial debts | 43 | - | €2,310 | +€2,310 | |
| Other loans | 439 | - | €2,310 | +€2,310 | |
| Trade debts | 44 | €3,124 | €201 | -€2,923 | -93.6% |
| Suppliers | 440/4 | €3,124 | €201 | -€2,923 | -93.6% |
| Taxes, remuneration and social security | 45 | €93,202 | €141,892 | +€48,690 | +52.2% |
| Taxes | 450/3 | €93,202 | €141,892 | +€48,690 | +52.2% |
| Accrued charges and deferred income | 492/3 | €12 | €12 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,464 | €16,529 | +€2,065 | +14.3% |
| Other operating charges | 640/8 | €317 | €247 | -€70 | -22.2% |
| Gross operating margin | 9900 | €290,225 | €308,342 | +€18,117 | +6.2% |
| Operating profit (loss) | 9901 | €275,444 | €291,566 | +€16,122 | +5.9% |
| Financial income | 75/76B | €0 | €8,163 | +€8,163 | +20,408,600% |
| Recurring financial income | 75 | €0 | €8,163 | +€8,163 | +20,408,600% |
| Financial charges | 65/66B | €13,272 | €12,772 | -€500 | -3.8% |
| Recurring financial charges | 65 | €13,272 | €12,772 | -€500 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €262,172 | €286,958 | +€24,786 | +9.5% |
| Income taxes | 67/77 | €60,096 | €68,274 | +€8,178 | +13.6% |
| Profit (loss) for the period | 9904 | €202,076 | €218,683 | +€16,607 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €202,076 | €218,683 | +€16,607 | +8.2% |
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 24 October 2026 via checked.be.