EQR: what changed
EQR
Largest movements
- Receivables within one year -€42,950
down €42,950 (-37.5%), from €114,472 to €71,522
- Tangible fixed assets -€12,588
down €12,588 (-42.0%), from €29,939 to €17,352
- Cash -€11,725
down €11,725 (-81.7%), from €14,359 to €2,634
mainly Net result for the year (-€67,200) and Advances received (-€51,632)
- Profit (loss) carried forward -€67,200
down €67,200 (-13.5%), from -€499,499 to -€566,698
- Advances received -€51,632
down €51,632 (-100%), from €51,632 to €0
- Trade debts +€27,519
up €27,519 (+5.0%), from €553,867 to €581,386
- Tax, wage and social debts +€24,050
up €24,050 (+188%), from €12,770 to €36,821
of which Taxes: +€15,654
- Staff costs +€45,374
up €45,374 (+114%), from €39,696 to €85,070
- Gross operating margin -€39,132
down €39,132 (-56.1%), from €69,776 to €30,644
- Other operating charges -€3,115
down €3,115 (-95.5%), from €3,263 to €148
- Financial charges +€826
up €826, from €0 to €826
- Financial income +€788
new in 2025: €788
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,271 | €159,008 | -€67,263 | -29.7% |
| Fixed assets | 21/28 | €34,939 | €22,352 | -€12,588 | -36.0% |
| Tangible fixed assets | 22/27 | €29,939 | €17,352 | -€12,588 | -42.0% |
| Plant, machinery and equipment | 23 | €29,939 | €17,352 | -€12,588 | -42.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €191,332 | €136,656 | -€54,675 | -28.6% |
| Stocks and contracts in progress | 3 | €62,500 | €62,500 | = | 0.0% |
| Stocks | 30/36 | €62,500 | €62,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,472 | €71,522 | -€42,950 | -37.5% |
| Trade receivables | 40 | €114,472 | €71,522 | -€42,950 | -37.5% |
| Cash at bank and in hand | 54/58 | €14,359 | €2,634 | -€11,725 | -81.7% |
| Total equity and liabilities | 10/49 | €226,271 | €159,008 | -€67,263 | -29.7% |
| Equity | 10/15 | -€449,499 | -€516,698 | -€67,200 | -14.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€499,499 | -€566,698 | -€67,200 | -13.5% |
| Amounts payable | 17/49 | €675,770 | €675,706 | -€63 | 0.0% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €625,770 | €625,706 | -€63 | 0.0% |
| Trade debts | 44 | €553,867 | €581,386 | +€27,519 | +5.0% |
| Suppliers | 440/4 | €553,867 | €581,386 | +€27,519 | +5.0% |
| Advances received on contracts in progress | 46 | €51,632 | €0 | -€51,632 | -100% |
| Taxes, remuneration and social security | 45 | €12,770 | €36,821 | +€24,050 | +188% |
| Taxes | 450/3 | €6,883 | €22,537 | +€15,654 | +227% |
| Remuneration and social security | 454/9 | €5,887 | €14,284 | +€8,396 | +143% |
| Other amounts payable | 47/48 | €7,500 | €7,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,696 | €85,070 | +€45,374 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,588 | €12,588 | = | 0.0% |
| Other operating charges | 640/8 | €3,263 | €148 | -€3,115 | -95.5% |
| Gross operating margin | 9900 | €69,776 | €30,644 | -€39,132 | -56.1% |
| Operating profit (loss) | 9901 | €14,229 | -€67,162 | -€81,391 | |
| Financial income | 75/76B | - | €788 | +€788 | |
| Recurring financial income | 75 | - | €788 | +€788 | |
| Financial charges | 65/66B | €0 | €826 | +€826 | |
| Recurring financial charges | 65 | €0 | €826 | +€826 | |
| Profit (loss) for the period before taxes | 9903 | €14,229 | -€67,200 | -€81,429 | |
| Profit (loss) for the period | 9904 | €14,229 | -€67,200 | -€81,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,229 | -€67,200 | -€81,429 |
Next steps
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 2 November 2026 via checked.be.