EQlibrium: 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.
EQlibrium
Largest movements
- Cash +€54,995
up €54,995 (+32.3%), from €170,056 to €225,051
mainly Net result for the year (+€78,983) and Trade debts (+€22,887)
- Receivables within one year +€32,598
up €32,598 (+109%), from €29,862 to €62,460
of which Trade receivables: +€36,210
- Tangible fixed assets -€10,131
no longer reported in 2025 (was €10,131)
- Reserves +€78,983
up €78,983 (+39.1%), from €201,956 to €280,938
- Trade debts +€22,887
up €22,887 (+2,879%), from €795 to €23,681
- Tax, wage and social debts -€12,563
down €12,563 (-13.9%), from €90,295 to €77,732
- Debts after one year -€5,290
down €5,290 (-79.8%), from €6,629 to €1,338
- Accrued charges and deferred income -€5,207
no longer reported in 2025 (was €5,207)
- Gross operating margin -€36,013
down €36,013 (-22.8%), from €157,817 to €121,804
- Financial charges +€19,030
up €19,030 (+3,094%), from €615 to €19,645
- Taxes -€16,550
down €16,550 (-41.8%), from €39,618 to €23,067
- Depreciation -€4,676
no longer reported in 2025 (was €4,676)
- Financial income +€2,362
up €2,362 (+625%), from €378 to €2,740
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 | €315,872 | €394,025 | +€78,154 | +24.7% |
| Fixed assets | 21/28 | €10,131 | €65 | -€10,067 | -99.4% |
| Tangible fixed assets | 22/27 | €10,131 | - | -€10,131 | |
| Furniture and vehicles | 24 | €10,131 | - | -€10,131 | |
| Financial fixed assets | 28 | - | €65 | +€65 | |
| Current assets | 29/58 | €305,740 | €393,960 | +€88,220 | +28.9% |
| Stocks and contracts in progress | 3 | €5,387 | €5,101 | -€286 | -5.3% |
| Stocks | 30/36 | €5,387 | €5,101 | -€286 | -5.3% |
| Amounts receivable within one year | 40/41 | €29,862 | €62,460 | +€32,598 | +109% |
| Trade receivables | 40 | €26,251 | €62,460 | +€36,210 | +138% |
| Other amounts receivable | 41 | €3,612 | - | -€3,612 | |
| Current investments | 50/53 | €100,000 | €99,614 | -€386 | -0.4% |
| Cash at bank and in hand | 54/58 | €170,056 | €225,051 | +€54,995 | +32.3% |
| Deferred charges and accrued income | 490/1 | €435 | €1,733 | +€1,299 | +299% |
| Total equity and liabilities | 10/49 | €315,872 | €394,025 | +€78,154 | +24.7% |
| Equity | 10/15 | €206,956 | €285,938 | +€78,983 | +38.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €201,956 | €280,938 | +€78,983 | +39.1% |
| Distributable reserves | 133 | €201,956 | €280,938 | +€78,983 | +39.1% |
| Amounts payable | 17/49 | €108,916 | €108,087 | -€829 | -0.8% |
| Amounts payable after more than one year | 17 | €6,629 | €1,338 | -€5,290 | -79.8% |
| Financial debts | 170/4 | €6,629 | €1,338 | -€5,290 | -79.8% |
| Amounts payable within one year | 42/48 | €97,081 | €106,749 | +€9,668 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €5,191 | €5,290 | +€99 | +1.9% |
| Trade debts | 44 | €795 | €23,681 | +€22,887 | +2,879% |
| Suppliers | 440/4 | €795 | €23,681 | +€22,887 | +2,879% |
| Taxes, remuneration and social security | 45 | €90,295 | €77,732 | -€12,563 | -13.9% |
| Taxes | 450/3 | €90,295 | €77,732 | -€12,563 | -13.9% |
| Other amounts payable | 47/48 | €800 | €45 | -€755 | -94.4% |
| Accrued charges and deferred income | 492/3 | €5,207 | - | -€5,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,676 | - | -€4,676 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,018 | €1,473 | -€545 | -27.0% |
| Other operating charges | 640/8 | €1,092 | €1,375 | +€283 | +25.9% |
| Gross operating margin | 9900 | €157,817 | €121,804 | -€36,013 | -22.8% |
| Operating profit (loss) | 9901 | €150,031 | €118,956 | -€31,075 | -20.7% |
| Financial income | 75/76B | €378 | €2,740 | +€2,362 | +625% |
| Recurring financial income | 75 | €378 | €2,740 | +€2,362 | +625% |
| Financial charges | 65/66B | €615 | €19,645 | +€19,030 | +3,094% |
| Recurring financial charges | 65 | €615 | €19,645 | +€19,030 | +3,094% |
| Profit (loss) for the period before taxes | 9903 | €149,794 | €102,050 | -€47,743 | -31.9% |
| Income taxes | 67/77 | €39,618 | €23,067 | -€16,550 | -41.8% |
| Profit (loss) for the period | 9904 | €110,176 | €78,983 | -€31,193 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €110,176 | €78,983 | -€31,193 | -28.3% |
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 23 October 2026 via checked.be.