EQIRIS: what changed
What changed
EQIRIS
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€9.3m
2024 · €4.8m+€4.5m
Equity
€11.9m
2024 · €11.8m+€115,108
Cash
€2.3m
2024 · €778,839+€1.5m
Balance sheet total
€51.4m
2024 · €42.9m+€8.5m
Largest movements
Assets
- Financial fixed assets +€6.5m
up €6.5m (+17.5%), from €36.8m to €43.3m
- Cash +€1.5m
up €1.5m (+195%), from €778,839 to €2.3m
mainly Net result for the year (+€9.3m) and Debts after one year (+€4.5m)
- Receivables within one year +€913,564
up €913,564 (+387%), from €236,030 to €1.1m
of which Other amounts receivable: +€969,596
Equity and liabilities
- Debts after one year +€4.5m
up €4.5m (+26.4%), from €16.9m to €21.3m
- Other debts +€4.2m
up €4.2m (+46.2%), from €9.1m to €13.3m
Income statement
- Gross operating margin +€5.3m
new in 2025: €5.3m
- Other operating income -€4.2m
no longer reported in 2025 (was €4.2m)
- Financial income +€3.1m
up €3.1m (+105%), from €2.9m to €6.0m
- Services and other goods -€2.0m
no longer reported in 2025 (was €2.0m)
- Turnover -€1.8m
no longer reported in 2025 (was €1.8m)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4.8m
Turnover
-€1.8m
Other operating income
-€4.2m
Services and other goods
+€2.0m
Staff costs
-€73,588
Depreciation
+€173,207
Other operating charges
-€2,608
Other operating items
+€5.3m
Financial income
+€3.1m
Financial charges
-€46,219
Taxes
+€69,143
Result 2025
€9.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€13.0m
Investment
-€6.4m
Financing
-€5.0m
Cash 2024
€778,839
From operations (derived)
+€13.0m
Net result for the year
+€9.3m
Depreciation
+€351,483
Receivables within one year
-€913,564
Deferred charges and accrued income
-€50,598
Trade debts
+€92,738
Smaller working-capital items
+€9,520
Other debts
+€4.2m
Investment (derived)
-€6.4m
Investment in fixed assets (net)
-€6.5m
Current investments
+€100,000
Financing
-€5.0m
Debts after one year
+€4.5m
Current portion of long-term debt
-€143,651
Short-term financial debts
-€209,000
Contributions, distributions and other
-€9.2m
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,858,068 | €51,375,236 | +€8.5m | +19.9% |
| Fixed assets | 21/28 | €41,689,613 | €47,823,421 | +€6.1m | +14.7% |
| Tangible fixed assets | 22/27 | €4,874,613 | €4,551,196 | -€323,417 | -6.6% |
| Land and buildings | 22 | €587,834 | €529,486 | -€58,348 | -9.9% |
| Plant, machinery and equipment | 23 | €945,734 | €707,095 | -€238,639 | -25.2% |
| Furniture and vehicles | 24 | €2,066 | €15,462 | +€13,395 | +648% |
| Other tangible fixed assets | 26 | €3,338,979 | €3,299,154 | -€39,826 | -1.2% |
| Financial fixed assets | 28 | €36,815,000 | €43,272,225 | +€6.5m | +17.5% |
| Affiliated companies | 280/1 | €36,815,000 | - | -€36.8m | |
| Participating interests | 280 | €36,815,000 | - | -€36.8m | |
| Current assets | 29/58 | €1,168,455 | €3,551,815 | +€2.4m | +204% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €236,030 | €1,149,594 | +€913,564 | +387% |
| Trade receivables | 40 | €69,893 | €13,861 | -€56,032 | -80.2% |
| Other amounts receivable | 41 | €166,136 | €1,135,733 | +€969,596 | +584% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Other investments | 51/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €778,839 | €2,298,037 | +€1.5m | +195% |
| Deferred charges and accrued income | 490/1 | €53,586 | €104,184 | +€50,598 | +94.4% |
| Total equity and liabilities | 10/49 | €42,858,068 | €51,375,236 | +€8.5m | +19.9% |
| Equity | 10/15 | €11,798,598 | €11,913,706 | +€115,108 | +1.0% |
| Contributions | 10/11 | €8,290,000 | €8,290,000 | = | 0.0% |
| Capital | 10 | €8,290,000 | €8,290,000 | = | 0.0% |
| Issued capital | 100 | €8,290,000 | €8,290,000 | = | 0.0% |
| Reserves | 13 | €944,595 | €944,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €829,000 | €829,000 | = | 0.0% |
| Legal reserve | 130 | €829,000 | €829,000 | = | 0.0% |
| Distributable reserves | 133 | €115,595 | €115,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,564,003 | €2,679,111 | +€115,108 | +4.5% |
| Amounts payable | 17/49 | €31,059,470 | €39,461,530 | +€8.4m | +27.1% |
| Amounts payable after more than one year | 17 | €16,866,099 | €21,319,341 | +€4.5m | +26.4% |
| Financial debts | 170/4 | €16,866,099 | €21,319,341 | +€4.5m | +26.4% |
| Subordinated loans | 170 | €11,900,000 | - | -€11.9m | |
| Credit institutions | 173 | €4,966,099 | - | -€5.0m | |
| Amounts payable within one year | 42/48 | €13,342,069 | €17,270,551 | +€3.9m | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €2,294,451 | €2,150,800 | -€143,651 | -6.3% |
| Financial debts | 43 | €1,700,000 | €1,491,000 | -€209,000 | -12.3% |
| Credit institutions | 430/8 | €1,700,000 | €1,491,000 | -€209,000 | -12.3% |
| Trade debts | 44 | €182,779 | €275,517 | +€92,738 | +50.7% |
| Suppliers | 440/4 | €182,779 | €275,517 | +€92,738 | +50.7% |
| Taxes, remuneration and social security | 45 | €66,813 | €55,998 | -€10,815 | -16.2% |
| Taxes | 450/3 | €31,088 | €8,987 | -€22,101 | -71.1% |
| Remuneration and social security | 454/9 | €35,724 | €47,011 | +€11,286 | +31.6% |
| Other amounts payable | 47/48 | €9,098,026 | €13,297,236 | +€4.2m | +46.2% |
| Accrued charges and deferred income | 492/3 | €851,303 | €871,638 | +€20,335 | +2.4% |
| Operating income | 70/76A | €6,045,537 | - | -€6.0m | |
| Turnover | 70 | €1,806,000 | - | -€1.8m | |
| Other operating income | 74 | €4,239,537 | - | -€4.2m | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €2,807,856 | - | -€2.8m | |
| Services and other goods | 61 | €1,990,501 | - | -€2.0m | |
| Remuneration, social security and pensions | 62 | €246,138 | €319,725 | +€73,588 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524,691 | €351,483 | -€173,207 | -33.0% |
| Other operating charges | 640/8 | €46,527 | €49,135 | +€2,608 | +5.6% |
| Gross operating margin | 9900 | - | €5,303,479 | +€5.3m | |
| Operating profit (loss) | 9901 | €3,237,681 | €4,583,135 | +€1.3m | +41.6% |
| Financial income | 75/76B | €2,937,635 | €6,033,514 | +€3.1m | +105% |
| Recurring financial income | 75 | €2,937,635 | €6,033,514 | +€3.1m | +105% |
| Income from financial fixed assets | 750 | €2,900,000 | - | -€2.9m | |
| Income from current assets | 751 | €37,635 | - | -€37,635 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €1,300,648 | €1,346,867 | +€46,219 | +3.6% |
| Recurring financial charges | 65 | €1,300,648 | €1,346,867 | +€46,219 | +3.6% |
| Debt charges | 650 | €1,293,453 | - | -€1.3m | |
| Other financial charges | 652/9 | €7,195 | - | -€7,195 | |
| Profit (loss) for the period before taxes | 9903 | €4,874,668 | €9,269,783 | +€4.4m | +90.2% |
| Income taxes | 67/77 | €73,818 | €4,675 | -€69,143 | -93.7% |
| Taxes | 670/3 | €85,873 | - | -€85,873 | |
| Tax adjustments and reversals of tax provisions | 77 | €12,055 | - | -€12,055 | |
| Profit (loss) for the period | 9904 | €4,800,850 | €9,265,108 | +€4.5m | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,800,850 | €9,265,108 | +€4.5m | +93.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.