eqip: 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.
eqip
Largest movements
- Receivables within one year +€457,809
up €457,809 (+62.7%), from €730,455 to €1.2m
of which Trade receivables: +€318,652
- Cash -€36,395
down €36,395 (-49.9%), from €72,991 to €36,595
mainly Receivables within one year (-€457,809) and Investment in fixed assets (net) (-€26,363)
- Tangible fixed assets +€20,955
up €20,955 (+188.8%), from €11,101 to €32,056
of which Furniture and vehicles: +€14,558
- Reserves +€192,890
up €192,890 (+49.3%), from €391,438 to €584,328
- Accrued charges and deferred income +€172,905
up €172,905 (+147.5%), from €117,236 to €290,141
- Tax, wage and social debts +€105,719
up €105,719 (+63.8%), from €165,752 to €271,471
of which Taxes: +€92,268
- Trade debts -€21,151
down €21,151 (-15.7%), from €134,408 to €113,257
- Gross operating margin +€265,634
up €265,634 (+49.1%), from €541,364 to €806,998
- Staff costs +€160,368
up €160,368 (+46.1%), from €347,913 to €508,282
- Taxes +€24,865
up €24,865 (+42.9%), from €57,968 to €82,833
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 | €819,004 | €1,264,179 | +€445,175 | +54.4% |
| Fixed assets | 21/28 | €11,101 | €32,056 | +€20,955 | +188.8% |
| Tangible fixed assets | 22/27 | €11,101 | €32,056 | +€20,955 | +188.8% |
| Plant, machinery and equipment | 23 | €11,101 | €17,498 | +€6,396 | +57.6% |
| Furniture and vehicles | 24 | - | €14,558 | +€14,558 | |
| Current assets | 29/58 | €807,903 | €1,232,123 | +€424,220 | +52.5% |
| Amounts receivable within one year | 40/41 | €730,455 | €1,188,264 | +€457,809 | +62.7% |
| Trade receivables | 40 | €637,343 | €955,995 | +€318,652 | +50.0% |
| Other amounts receivable | 41 | €93,112 | €232,270 | +€139,158 | +149.5% |
| Cash at bank and in hand | 54/58 | €72,991 | €36,595 | -€36,395 | -49.9% |
| Deferred charges and accrued income | 490/1 | €4,457 | €7,263 | +€2,806 | +63.0% |
| Total equity and liabilities | 10/49 | €819,004 | €1,264,179 | +€445,175 | +54.4% |
| Equity | 10/15 | €391,638 | €584,528 | +€192,890 | +49.3% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €391,438 | €584,328 | +€192,890 | +49.3% |
| Distributable reserves | 133 | €391,438 | €584,328 | +€192,890 | +49.3% |
| Amounts payable | 17/49 | €427,366 | €679,651 | +€252,285 | +59.0% |
| Amounts payable within one year | 42/48 | €310,130 | €389,510 | +€79,380 | +25.6% |
| Trade debts | 44 | €134,408 | €113,257 | -€21,151 | -15.7% |
| Suppliers | 440/4 | €134,408 | €113,257 | -€21,151 | -15.7% |
| Advances received on contracts in progress | 46 | €3,049 | - | -€3,049 | |
| Taxes, remuneration and social security | 45 | €165,752 | €271,471 | +€105,719 | +63.8% |
| Taxes | 450/3 | €131,269 | €223,538 | +€92,268 | +70.3% |
| Remuneration and social security | 454/9 | €34,483 | €47,933 | +€13,450 | +39.0% |
| Other amounts payable | 47/48 | €6,921 | €4,782 | -€2,138 | -30.9% |
| Accrued charges and deferred income | 492/3 | €117,236 | €290,141 | +€172,905 | +147.5% |
| Remuneration, social security and pensions | 62 | €347,913 | €508,282 | +€160,368 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,279 | €5,409 | +€2,130 | +65.0% |
| Other operating charges | 640/8 | €257 | €2,602 | +€2,345 | +912.3% |
| Gross operating margin | 9900 | €541,364 | €806,998 | +€265,634 | +49.1% |
| Operating profit (loss) | 9901 | €189,915 | €290,706 | +€100,791 | +53.1% |
| Financial income | 75/76B | €3,727 | €1,383 | -€2,344 | -62.9% |
| Recurring financial income | 75 | €3,727 | €1,383 | -€2,344 | -62.9% |
| Financial charges | 65/66B | €3,324 | €4,275 | +€950 | +28.6% |
| Recurring financial charges | 65 | €3,324 | €4,275 | +€950 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €190,318 | €287,815 | +€97,497 | +51.2% |
| Income taxes | 67/77 | €57,968 | €82,833 | +€24,865 | +42.9% |
| Profit (loss) for the period | 9904 | €132,350 | €204,982 | +€72,632 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €132,350 | €204,982 | +€72,632 | +54.9% |
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 2 October 2026 via checked.be.