EQSO: 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
EQSO
NACE 82.100, Office administrative and support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€134,092
2024 · €505,218-€371,126
Equity
€873,151
2024 · €739,059+€134,092
Cash
€10.1m
2024 · €5.2m+€5.0m
Balance sheet total
€11.2m
2024 · €8.6m+€2.6m
Largest movements
Assets
- Cash +€5.0m
up €5.0m (+96.4%), from €5.2m to €10.1m
mainly Receivables within one year (+€2.3m) and Other debts (+€1.7m)
- Receivables within one year -€2.3m
down €2.3m (-72.5%), from €3.2m to €890,460
of which Other amounts receivable: -€2.4m
Equity and liabilities
- Other debts +€1.7m
up €1.7m (+28.8%), from €6.0m to €7.7m
- Short-term financial debts +€715,622
new in 2025: €715,622
- Current portion of long-term debt -€247,661
down €247,661 (-61.5%), from €402,449 to €154,788
- Trade debts +€154,102
up €154,102 (+82.4%), from €186,943 to €341,045
- Profit (loss) carried forward +€134,092
up €134,092 (+18.2%), from €737,559 to €871,651
Income statement
- Financial income -€317,358
down €317,358 (-50.2%), from €632,250 to €314,892
- Services and other goods +€164,968
up €164,968 (+7.2%), from €2.3m to €2.4m
- Taxes -€149,010
down €149,010 (-68.4%), from €217,911 to €68,901
of which Taxes: -€149,651
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
€505,218
Turnover
-€48,863
Other operating income
-€39,337
Services and other goods
-€164,968
Staff costs
-€22,350
Depreciation
+€22,470
Other operating charges
-€156
Financial income
-€317,358
Financial charges
+€50,426
Taxes
+€149,010
Result 2025
€134,092
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
+€4.5m
Investment
-€13,001
Financing
+€475,700
Cash 2024
€5.2m
From operations (derived)
+€4.5m
Net result for the year
+€134,092
Depreciation
+€25,912
Receivables within one year
+€2.3m
Deferred charges and accrued income
+€46,078
Trade debts
+€154,102
Tax, wage and social debts
+€69,699
Other debts
+€1.7m
Accrued charges and deferred income
-€1,224
Investment (derived)
-€13,001
Investment in fixed assets (net)
-€13,001
Financing
+€475,700
Debts after one year
+€7,739
Current portion of long-term debt
-€247,661
Short-term financial debts
+€715,622
Cash 2025
€10.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,615,545 | €11,181,033 | +€2.6m | +29.8% |
| Fixed assets | 21/28 | €110,846 | €97,935 | -€12,911 | -11.6% |
| Intangible fixed assets | 21 | €7,465 | €0 | -€7,465 | -100% |
| Tangible fixed assets | 22/27 | €87,831 | €81,955 | -€5,876 | -6.7% |
| Plant, machinery and equipment | 23 | €26,636 | €32,468 | +€5,832 | +21.9% |
| Furniture and vehicles | 24 | €8,576 | €4,784 | -€3,792 | -44.2% |
| Other tangible fixed assets | 26 | €52,619 | €44,703 | -€7,916 | -15.0% |
| Financial fixed assets | 28 | €15,550 | €15,980 | +€430 | +2.8% |
| Other financial fixed assets | 284/8 | €15,550 | €15,980 | +€430 | +2.8% |
| Amounts receivable and cash guarantees | 285/8 | €15,550 | €15,980 | +€430 | +2.8% |
| Current assets | 29/58 | €8,504,699 | €11,083,098 | +€2.6m | +30.3% |
| Amounts receivable within one year | 40/41 | €3,237,043 | €890,460 | -€2.3m | -72.5% |
| Trade receivables | 40 | €2,902 | €87,081 | +€84,179 | +2,901% |
| Other amounts receivable | 41 | €3,234,141 | €803,379 | -€2.4m | -75.2% |
| Cash at bank and in hand | 54/58 | €5,155,365 | €10,126,425 | +€5.0m | +96.4% |
| Deferred charges and accrued income | 490/1 | €112,291 | €66,213 | -€46,078 | -41.0% |
| Total equity and liabilities | 10/49 | €8,615,545 | €11,181,033 | +€2.6m | +29.8% |
| Equity | 10/15 | €739,059 | €873,151 | +€134,092 | +18.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €737,559 | €871,651 | +€134,092 | +18.2% |
| Amounts payable | 17/49 | €7,876,486 | €10,307,882 | +€2.4m | +30.9% |
| Amounts payable after more than one year | 17 | €804,898 | €812,637 | +€7,739 | +1.0% |
| Financial debts | 170/4 | €804,898 | €812,637 | +€7,739 | +1.0% |
| Credit institutions | 173 | €804,898 | €812,637 | +€7,739 | +1.0% |
| Amounts payable within one year | 42/48 | €7,070,073 | €9,494,954 | +€2.4m | +34.3% |
| Current portion of amounts payable after more than one year | 42 | €402,449 | €154,788 | -€247,661 | -61.5% |
| Financial debts | 43 | - | €715,622 | +€715,622 | |
| Credit institutions | 430/8 | - | €715,622 | +€715,622 | |
| Trade debts | 44 | €186,943 | €341,045 | +€154,102 | +82.4% |
| Suppliers | 440/4 | €186,943 | €341,045 | +€154,102 | +82.4% |
| Taxes, remuneration and social security | 45 | €472,528 | €542,227 | +€69,699 | +14.8% |
| Taxes | 450/3 | €74,377 | €73,987 | -€390 | -0.5% |
| Remuneration and social security | 454/9 | €398,151 | €468,240 | +€70,089 | +17.6% |
| Other amounts payable | 47/48 | €6,008,153 | €7,741,272 | +€1.7m | +28.8% |
| Accrued charges and deferred income | 492/3 | €1,515 | €291 | -€1,224 | -80.8% |
| Operating income | 70/76A | €5,393,501 | €5,305,301 | -€88,200 | -1.6% |
| Turnover | 70 | €5,160,805 | €5,111,942 | -€48,863 | -0.9% |
| Other operating income | 74 | €232,696 | €193,359 | -€39,337 | -16.9% |
| Operating charges | 60/66A | €4,979,605 | €5,144,609 | +€165,004 | +3.3% |
| Services and other goods | 61 | €2,279,092 | €2,444,060 | +€164,968 | +7.2% |
| Remuneration, social security and pensions | 62 | €2,644,600 | €2,666,950 | +€22,350 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,382 | €25,912 | -€22,470 | -46.4% |
| Other operating charges | 640/8 | €7,531 | €7,687 | +€156 | +2.1% |
| Operating profit (loss) | 9901 | €413,896 | €160,692 | -€253,204 | -61.2% |
| Financial income | 75/76B | €632,250 | €314,892 | -€317,358 | -50.2% |
| Recurring financial income | 75 | €632,250 | €314,892 | -€317,358 | -50.2% |
| Income from current assets | 751 | €632,237 | €314,866 | -€317,371 | -50.2% |
| Other financial income | 752/9 | €13 | €26 | +€13 | +100% |
| Financial charges | 65/66B | €323,017 | €272,591 | -€50,426 | -15.6% |
| Recurring financial charges | 65 | €323,017 | €272,591 | -€50,426 | -15.6% |
| Debt charges | 650 | €313,919 | €264,779 | -€49,140 | -15.7% |
| Other financial charges | 652/9 | €9,098 | €7,812 | -€1,286 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €723,129 | €202,993 | -€520,136 | -71.9% |
| Income taxes | 67/77 | €217,911 | €68,901 | -€149,010 | -68.4% |
| Taxes | 670/3 | €218,552 | €68,901 | -€149,651 | -68.5% |
| Tax adjustments and reversals of tax provisions | 77 | €641 | €0 | -€641 | -100% |
| Profit (loss) for the period | 9904 | €505,218 | €134,092 | -€371,126 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €505,218 | €134,092 | -€371,126 | -73.5% |
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 20 October 2026 via checked.be.