EQP: 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.
What changed
EQP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€22,957
2024 · -€48,957+€26,001
Equity
€1.3m
2024 · €1.3m-€22,957
Cash
€18,630
2024 · €7,474+€11,156
Balance sheet total
€1.7m
2024 · €1.8m-€31,875
Largest movements
Assets
- Intangible fixed assets -€45,593
down €45,593 (-20.4%), from €223,981 to €178,387
Equity and liabilities
- Profit (loss) carried forward -€22,957
down €22,957 (-34.4%), from -€66,706 to -€89,663
Income statement
- Gross operating margin +€60,680
up €60,680, from -€27,464 to €33,216
- Depreciation +€47,312
up €47,312 (+1,118%), from €4,230 to €51,543
- Financial charges -€6,693
down €6,693 (-72.4%), from €9,244 to €2,551
- Other operating charges -€6,502
down €6,502 (-79.3%), from €8,202 to €1,699
- Taxes +€404
up €404 (+2,646%), from €15 to €419
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.
Result 2024
-€48,957
Gross operating margin
+€60,680
Depreciation
-€47,312
Other operating charges
+€6,502
Financial income
-€159
Financial charges
+€6,693
Taxes
-€404
Result 2025
-€22,957
raises the resultlowers the result
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.
From operations
+€23,673
Investment
€0
Financing
-€12,517
Cash 2024
€7,474
From operations (derived)
+€23,673
Net result for the year
-€22,957
Depreciation
+€51,543
Receivables after one year
+€3,600
Receivables within one year
-€12,161
Deferred charges and accrued income
+€50
Trade debts
+€6,164
Tax, wage and social debts
-€3,014
Other debts
-€189
Accrued charges and deferred income
+€637
Financing
-€12,517
Debts after one year
-€4,013
Current portion of long-term debt
-€8,505
Cash 2025
€18,630
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,756,267 | €1,724,392 | -€31,875 | -1.8% |
| Fixed assets | 21/28 | €1,653,516 | €1,601,973 | -€51,543 | -3.1% |
| Intangible fixed assets | 21 | €223,981 | €178,387 | -€45,593 | -20.4% |
| Tangible fixed assets | 22/27 | €29,502 | €23,553 | -€5,949 | -20.2% |
| Leasing and similar rights | 25 | €29,502 | €23,553 | -€5,949 | -20.2% |
| Financial fixed assets | 28 | €1,400,033 | €1,400,033 | = | 0.0% |
| Current assets | 29/58 | €102,751 | €122,418 | +€19,668 | +19.1% |
| Amounts receivable after more than one year | 29 | €35,875 | €32,275 | -€3,600 | -10.0% |
| Other amounts receivable | 291 | €35,875 | €32,275 | -€3,600 | -10.0% |
| Amounts receivable within one year | 40/41 | €58,316 | €70,477 | +€12,161 | +20.9% |
| Trade receivables | 40 | €42,824 | €69,772 | +€26,948 | +62.9% |
| Other amounts receivable | 41 | €15,492 | €705 | -€14,787 | -95.5% |
| Cash at bank and in hand | 54/58 | €7,474 | €18,630 | +€11,156 | +149% |
| Deferred charges and accrued income | 490/1 | €1,086 | €1,037 | -€50 | -4.6% |
| Total equity and liabilities | 10/49 | €1,756,267 | €1,724,392 | -€31,875 | -1.8% |
| Equity | 10/15 | €1,328,294 | €1,305,337 | -€22,957 | -1.7% |
| Contributions | 10/11 | €1,395,000 | €1,395,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,706 | -€89,663 | -€22,957 | -34.4% |
| Amounts payable | 17/49 | €427,973 | €419,055 | -€8,918 | -2.1% |
| Amounts payable after more than one year | 17 | €21,538 | €17,525 | -€4,013 | -18.6% |
| Financial debts | 170/4 | €21,538 | €17,525 | -€4,013 | -18.6% |
| Amounts payable within one year | 42/48 | €406,027 | €400,484 | -€5,543 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €47,192 | €38,687 | -€8,505 | -18.0% |
| Trade debts | 44 | €25,895 | €32,060 | +€6,164 | +23.8% |
| Suppliers | 440/4 | €25,895 | €32,060 | +€6,164 | +23.8% |
| Taxes, remuneration and social security | 45 | €3,448 | €434 | -€3,014 | -87.4% |
| Taxes | 450/3 | €3,448 | €434 | -€3,014 | -87.4% |
| Other amounts payable | 47/48 | €329,491 | €329,302 | -€189 | -0.1% |
| Accrued charges and deferred income | 492/3 | €409 | €1,046 | +€637 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,230 | €51,543 | +€47,312 | +1,118% |
| Other operating charges | 640/8 | €8,202 | €1,699 | -€6,502 | -79.3% |
| Gross operating margin | 9900 | -€27,464 | €33,216 | +€60,680 | |
| Operating profit (loss) | 9901 | -€39,896 | -€20,026 | +€19,870 | +49.8% |
| Financial income | 75/76B | €198 | €39 | -€159 | -80.3% |
| Recurring financial income | 75 | €198 | €39 | -€159 | -80.3% |
| Financial charges | 65/66B | €9,244 | €2,551 | -€6,693 | -72.4% |
| Recurring financial charges | 65 | €9,244 | €2,551 | -€6,693 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,942 | -€22,538 | +€26,404 | +53.9% |
| Income taxes | 67/77 | €15 | €419 | +€404 | +2,646% |
| Profit (loss) for the period | 9904 | -€48,957 | -€22,957 | +€26,001 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,957 | -€22,957 | +€26,001 | +53.1% |
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 19 October 2026 via checked.be.